Wienerberger Ag · VIE:WIE
Wienerberger — Q3 2025 Earnings Presentation
39 slides from Wienerberger's earnings presentation, Nov 13, 2025
Slide 1: Results Q1-3 2025
RESULTS Q1-3'2025 <a
Slide 2: Cautionary Note Regarding Forward-Looking Statements
DISCLAIMER CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS › The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctne
Slide 3: Strong Q3 2025 Results
Q1-3 2025 - HIGHLIGHTS STRONG Q3 2025 RESULTS Despite challenging market environment… …wienerberger achieved strong EBITDA performance › Continued weakness in European new residential housing markets Revenues Operating EBITDA (in € m) (in € m) › Fiscal tightening in the EU resulting in softening inf
Slide 4: Resilient 9-Month Performance
Q1-3 2025 – HIGHLIGHTS RESILIENT 9-MONTH PERFORMANCE Revenues € 3,517m | (Q1-3 2024: € 3,392m) Up +4% supported by M&A and strong renovation activities Operating EBITDA € 584m | (Q1-3 2024: € 602m) Operating EBITDA supported by strong cost discipline Profit after tax € 173m (Q1-3 2024: € 49m) Earnin
Slide 5: Market Development in the First Nine Months of 2025
Q1-3 2025 - HIGHLIGHTS MARKET DEVELOPMENT IN THE FIRST NINE MONTHS OF 2025 North America LONG-TERM › Ongoing macroeconomic headwinds BORROWING RATE (September 2025) › New residential construction declined due to rising interest rates and slowing labour market North Europe › Infrastructure slightly d
Slide 6: Business Environment – North America
Q1-3 2025 - HIGHLIGHTS BUSINESS ENVIRONMENT – NORTH AMERICA NORTH AMERICA MARKET INDICATORS TOTAL HOUSING STARTS >10% (EST. FY ‘25 vs FY ‘24) LONG-TERM BORROWING RATE 7% (SEP ’25) VOLUME DEVELOPMENT CERAMICS VOLUME A drop in activities due to EFFECT political and economic -8% uncertainties VOLUME Po
Slide 7: Business Environment – Europe West
Q1-3 2025 - HIGHLIGHTS BUSINESS ENVIRONMENT – EUROPE WEST EUROPE WEST MARKET INDICATORS TOTAL HOUSING STARTS 0% (EST. FY ‘25 vs FY ‘24) LONG-TERM BORROWING RATE 5% (SEP ’25) VOLUME DEVELOPMENT CERAMICS VOLUME Outperforming the market EFFECT with strong performance in +3% renovation VOLUME Solid volu
Slide 8: Business Environment – Europe East
Q1-3 2025 - HIGHLIGHTS BUSINESS ENVIRONMENT – EUROPE EAST EUROPE EAST MARKET INDICATORS TOTAL HOUSING STARTS -2% (EST. FY ‘25 vs FY ‘24) LONG-TERM BORROWING RATE 5% (SEP ’25) VOLUME DEVELOPMENT CERAMICS VOLUME Volumes are developing EFFECT positively, pressure remains +3% on prices VOLUME Segment su
Slide 9: Wienerberger Has Successfully Migrated Toward Renovation & Infrastructure
WIENERBERGER’S STRATEGIC TRANSFORMATION WIENERBERGER HAS SUCCESSFULLY MIGRATED TOWARD RENOVATION & INFRASTRUCTURE Operating EBITDA margin development 20% 19% 15% 43% 16.8% 16.6% 20% 45% 65% 35% 38% 9.2% 2012 2024 Q1-3 2025 Renovation Infrastructure New build 2012* 2024 Q1-3 2025 wienerberger has sig
Slide 10: M&A - Supporting Our Transformation
M&A - SUPPORTING OUR TRANSFORMATION Terreal >40 Successful integration and strategic M&A in renovation acquisitions within Value-creating the last 10 years Greater exposure to the fast-growing renovation market M&A without capital increase realized Integration activities well on track with successfu
Slide 11: Value-Accretive M&A
WIENERBERGER’S STRATEGIC TRANSFORMATION VALUE-ACCRETIVE M&A WIONIQ - Strategic expansion of innovative solutions › Consolidates four innovative companies within data-driven expertise to optimize water, energy, and building infrastructure management › Creating a scalable platform to capture growth an
Slide 12: Infrastructure and Renovation Business – Key Contributors to our Value Creation
Infrastructure and Renovation Business – Key Contributors to our Value Creation 12
Slide 13: Infrastructure: Strong Driver of Growth and Resilience
WIENERBERGER’S STRATEGIC TRANSFORMATION INFRASTRUCTURE: STRONG DRIVER OF GROWTH AND RESILIENCE Expansion of the pipe business and strengthening market position in infrastructure and water management Access to end markets with high growth potential Opportunities for organic growth and targeted consol
Slide 14: Growth in Renovation Market Across Europe
WIENERBERGER’S STRATEGIC TRANSFORMATION GROWTH IN RENOVATION MARKET ACROSS EUROPE Strong potential in roof, façade and solar business Significant expansion through Terreal and GSEi Acquisitions Supporting and leveraging the European Green Deal 14
Slide 15: Growth Through Acquisitions
WIENERBERGER’S STRATEGIC TRANSFORMATION GROWTH THROUGH ACQUISITIONS › Overall weaker market environment offers attractive opportunities for consolidation › Strong balance sheet provides flexibility to pursue value-accretive transactions › Expanding solution capabilities in building envelope, inhouse
Slide 16: Financials
to WE Tee aio femur fen iyi er “FINANCIALS Ais
Slide 17: Q1-3 2025 Results Highlights
FINANCIALS Q1-3 2025 - GROUP Q1-3 2025 RESULTS HIGHLIGHTS Revenues Operating EBITDA (in € m) (in € m) +4% -3% 3,392 3,517 602 584 17.7% 16.6% Q1-3 Q1-3 Q1-3 Q1-3 2024 2025 2024 2025 17
Slide 18: Solid Revenue Growth Driven by Renovation, EBITDA Supported by Efficiencies
FINANCIALS Q1-3 2025 - GROUP SOLID REVENUE GROWTH DRIVEN BY RENOVATION, EBITDA SUPPORTED BY EFFICIENCIES Revenue Bridge Operating EBITDA Bridge in € m in € m +4% -3% 127 3,517 602 -26 13 584 -5 21 -23 -4% -1% +2% 3,392 17.7% 16.6% +1% -1% +4% Q1-3 2024 Organic FX Scope Q1-3 2025 Q1-3 2024 Organic FX
Slide 19: Operating Segments - Europe West
FINANCIALS Q1-3 2025 – SEGMENTS OPERATING SEGMENTS - EUROPE WEST External Revenues Operating EBITDA COMMENTS (in € m) (in € m) +8% › Revenues up 8%, driven by 2,050 1,898 +15% solid renovation demand 314 › Stable piping volume 273 development › Operating EBITDA benefited 14.4% 15.3% from higher sale
Slide 20: Operating Segments - Europe East
FINANCIALS Q1-3 2025 – SEGMENTS OPERATING SEGMENTS - EUROPE EAST External Revenues Operating EBITDA COMMENTS (in € m) (in € m) +2% › Revenues up 2%, mainly reflecting slightly higher clay 889 910 block volumes in selected -7% markets 177 165 › Operating EBITDA decline from continuous cost inflation
Slide 21: Operating Segments - North America
FINANCIALS Q1-3 2025 – SEGMENTS OPERATING SEGMENTS - NORTH AMERICA External Revenues Operating EBITDA COMMENTS (in € m) (in € m) -8% › Revenues declined by 8%, -30% primarily due to decreasing 605 557 new residential demand 152 › Piping volumes improved while pricing softened 106 › Operating EBITDA
Slide 22: Fit for Growth – Strengthening Efficiency and Competitiveness
FINANCIALS Q1-3 2025 - GROUP “FIT FOR GROWTH” – STRENGTHENING EFFICIENCY AND COMPETITIVENESS Clear measures have been taken › Comprehensive improvement program launched Expected savings to enhance efficiency and performance in the range of › Focus on optimizing processes across all organizational le
Slide 23: Proactive Energy Management Ensures Cost Stability
FINANCIALS Q1-3 2025 – GROUP PROACTIVE ENERGY MANAGEMENT ENSURES COST STABILITY Disciplined gas hedging supports resilient profitability › Gas prices have been fixed on favourable terms, significantly below market levels › Double-digit million € savings achieved versus spot prices › Fixed price leve
Slide 24: Free Cash Flow
FINANCIALS Q1-3 2025 - GROUP FREE CASH FLOW in € m Q1-3 2025 Q1-3 2024 Operating EBITDA 584 602 › Change in working capital higher year- Net interest on-year due to: -70 -63 Income taxes paid -35 -75 › Seasonal rebuild from lower starting inventory in 2025 versus Change in working capital -172 -86 2
Slide 25: Net Debt September 2025
FINANCIALS Q1-3 2025 - GROUP NET DEBT SEPTEMBER 2025 46 1,883 1 880 135 1,753 -155 Solid CAPEX management 105 › Maintenance CAPEX of € 82m (Q1-3 2024 € 81m) in € m › Growth CAPEX of € 81m (Q1-3 2024 € 103m) › M&A € 24m (Q1-3 2024 € 622m) Net Debt Net Debt Free Growth Dividends/ Other Net Debt 30.09.
Slide 26: Outlook
“OUTLOOK 26
Slide 27: 2025 Outlook – Assumptions
OUTLOOK 2025 OUTLOOK – ASSUMPTIONS Outlook Assumptions Status Quo November 2025 in February 2025 Slowly declining › Did not materialize interest rates › Mortgage rates are slightly increasing › Declining new residential housing markets Sequential recovery in › High volatility new residential housing
Slide 28: 2025 Outlook Revised
OUTLOOK 2025 OUTLOOK REVISED Market environment Original assumptions no longer valid 2025 operating EBITDA › Persistent macroeconomic headwinds ~€750m › High market volatility in new residential housing in line with the previous year, › Anticipated interest rate cuts did not materialize adjusted for
Slide 29: Looking Ahead: Mid-Term Growth Drivers
MID-TERM ASSUMPTIONS LOOKING AHEAD: MID-TERM GROWTH DRIVERS wienerberger Strategic transformation towards renovation and infrastructure strengthened by successful M&A Interest European Social Continued operational efficiency and improved capacity utilization rate cuts Housing Plan Improving affordab
Slide 30: Save the Date: Capital Markets Day February 24, 2026
SAVE THE DATE Our next Capital Markets Day is scheduled for February 24, 2026 30
Slide 31: Q&A Thank You for Your Attention
Q&A THANK YOU FOR YOUR ATTENTION. 31
Slide 32: Contact Details
CONTACT DETAILS investor@wienerberger.com | +43 1 60192 10221 | www.wienerberger.com | ISIN: AT0000831706 | ADR ISIN: US9676621074 Financial Calendar and upcoming events 2025 and 2026 Follow us on LinkedIn! Date Event 18/11/2025 8th Midcap CEO Conference, Paris / BNP Paribas Exane 02/12/2025 Europea
Slide 33: Appendix
APPENDIX 33
Slide 34: Income Statement
APPENDIX INCOME STATEMENT in € m Q1-3 2025 Q1-3 2024 Revenues 3,517 3,392 Operating EBITDA 584 602 EBITDA 581 537 Operating EBIT 314 333 Impairment charges to assets -3 -50 EBIT 308 218 Financial result -70 -118 Profit before tax 237 100 Income taxes -64 -51 Profit after tax 173 49 Thereof attributa
Slide 35: Balance Sheet
APPENDIX BALANCE SHEET in €m 30/09/2025 31/12/2024 in €m 30/09/2025 31/12/2024 Assets Equity and liabilities * Intangible assets and goodwill 1,055 1,072 Issued capital 109 112 Property, plant and equipment 2,863 2,923 Share premium 983 1,044 Investment property 56 56 Retained earnings 1,974 1,905 I
Slide 36: Condensed Cash Flow Statement
APPENDIX CONDENSED CASH FLOW STATEMENT in € m Q1-3 2025 Q1-3 2024 Gross cash flow* 427 366 Change in working capital -172 -86 Maintenance Capex -82 -81 Divestments and other* 38 29 Lease payments -57 -53 Free cash flow 155 174 Growth Capex -81 -103 M&A -24 -622 Purchase of treasury shares -29 -16 Di
Slide 37: 10-Year Overview
APPENDIX 10-YEAR OVERVIEW Revenue (in € bn) 5.0 4.2 4.5 4.0 3.1 3.3 3.5 3.4 3.0 3.0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 EBITDA reported (in € mn) Operating EBITDA (in € mn) 1,021 811 760 694 610 558 370 404 415 443 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Free Cash Flow (in €
Slide 38: 3 Year Overview by Quarter
APPENDIX 3 YEAR OVERVIEW BY QUARTER Revenue (in € mn) 4,513 4,224 1,150 1,261 1,179 1,121 1,099 1,247 1,170 1,052 1,083 939 953 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Operating EBITDA (in € mn) 811 760 285 253 245 209 211 202 202 146 1
Slide 39: 39
39