Slide 1: 2026 Half Year Results
2026 Half Year Results August 2026
Slide 2: Introduction, Financial review, Business overview
03 05 12 INTRODUCTION FINANCIAL REVIEW BUSINESS OVERVIEW Introduction Financial review Business overview 22 23 27 Q&A APPENDICES CONTACT Q&A Appendices Contact TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 2
Slide 3: Introduction
Introduction INTRODUCTION Gavin Slark, CEO FINANCIAL REVIEW BUSINESS OVERVIEW Q&A APPENDICES CONTACT TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 3
Slide 4: Financial overview
INTRODUCTION Financial overview FINANCIAL REVIEW (£m) H1 2026 H1 2025 Change BUSINESS OVERVIEW Revenue 2,258 2,300 (1.8)% Gross margin 27.4% 26.4% 1.0ppt Q&A Adjusted operating profit 67 63 6.3% Net (cash) / debt before leases (55) 103 158 Profit after tax 30 26 15.4% APPENDICES CONTACT TRAVIS PERKI
Slide 5: Financial review
Financial INTRODUCTION review FINANCIAL REVIEW Duncan Cooper, CFO BUSINESS OVERVIEW Q&A APPENDICES CONTACT TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 5
Slide 6: Financial overview
Financial overview INTRODUCTION H1 2026 H1 2025 Change FINANCIAL REVIEW (£m unless otherwise stated) Revenue 2,258 2,300 (1.8)% Adjusted operating profit before property profits 62 62 – BUSINESS OVERVIEW Adjusted operating profit 67 63 6.3% Adjusted earnings per share 15.1p 13.3p 13.5% Q&A Net (cash
Slide 7: Market conditions remain challenging but recapturing share whilst protecting profits
Market conditions remain challenging INTRODUCTION but recapturing share whilst protecting profits FINANCIAL REVIEW 6 months ended 30 June 2026 • Activity levels remain subdued • Scrutinising low margin transactions and credit risk BUSINESS OVERVIEW • Steady recapture of lost market share in General
Slide 8: A clear focus on improving gross margin and disciplined cost management
A clear focus on improving gross margin INTRODUCTION and disciplined cost management FINANCIAL REVIEW 6 months ended 30 June 2026 • Gross margin expansion through o more effective inflation pass-through both pre and post Iran conflict BUSINESS OVERVIEW o sales mix o procurement gains • Cost inflatio
Slide 9: Further strong cash generation builds resilience and flexibility
Further strong cash generation INTRODUCTION builds resilience and flexibility FINANCIAL REVIEW H1 2026 H1 2025 • Access costs relate to Q4 2025 Adjusted EBITDA 140 147 restructuring Access costs / • Focus on strategic suppliers drives discontinued operations (8) (10) working capital inflow BUSINESS
Slide 10: Transformed balance sheet provides the foundations to continue our rebuild
Transformed balance sheet INTRODUCTION provides the foundations to continue our rebuild FINANCIAL REVIEW 30 Jun 2026 31 Dec 2025 Change Covenant • Further reduction in net debt driven Net debt £544m £621m £77m by operational discipline Net debt / adjusted EBITDA 1.9x 2.1x 0.2x < 4.0x • Net £17m gene
Slide 11: Outlook and guidance
Outlook and guidance INTRODUCTION FINANCIAL REVIEW Current trading and outlook Full year guidance • Market conditions remain challenging • Group ETR of 28% on UK profits but clear focus on protecting profitability • Base capital expenditure of £60-70m BUSINESS OVERVIEW • Tight grip on costs and cash
Slide 12: Business overview
Business overview INTRODUCTION Gavin Slark, CEO FINANCIAL REVIEW BUSINESS OVERVIEW Q&A APPENDICES CONTACT TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 12
Slide 13: Three tiers in the Group
Three tiers INTRODUCTION in the Group FINANCIAL REVIEW Tier 1 Tier 2 Tier 3 BUSINESS OVERVIEW Benelux Q&A • These businesses continue to • Pursue opportunities to offset the • Strategic review of the business deliver a sustainable return residential and new build sector complete • Focus on business
Slide 14: Travis Perkins General Merchant
INTRODUCTION Travis Perkins FINANCIAL REVIEW • Encouraging early progress in rebuilding profitability and retaking share General Merchant • Gross margin expansion through inflation pass through, sales mix and procurement BUSINESS OVERVIEW • Capital expenditure renewing the fleet and uninvested estat
Slide 15: Toolstation UK
INTRODUCTION Toolstation FINANCIAL REVIEW • Performance remains in line with our expectations UK • Now 900,000 Toolstation Club members BUSINESS OVERVIEW • Opportunity to accelerate procurement benefits from Far East Sourcing Office • Potential for distribution and supply chain Q&A efficiencies with
Slide 16: Toolstation Benelux
INTRODUCTION Benelux Toolstation FINANCIAL REVIEW • Previously announced strategic review of business completed in H1 Benelux • Discussions underway with multiple interested parties BUSINESS OVERVIEW • Further update when appropriate Q&A APPENDICES CONTACT TRAVIS PERKINS PLC / 2026 Half Year Results
Slide 17: BSS
INTRODUCTION BSS FINANCIAL REVIEW • BOSS private label opportunity • Logistics efficiencies by cross-docking at Magna Park and Cross Point BUSINESS OVERVIEW • Expanding further into the commercial, industrial and infrastructure sectors • Driving growth in commercial air-source Q&A heat pumps • Expan
Slide 18: Keyline
INTRODUCTION Keyline FINANCIAL REVIEW • Strong H1 inflation on product set • New-build market weakness remains a challenge BUSINESS OVERVIEW • Exploring opportunities in utilities, infrastructure and data centres • Strong focus on cost and working capital Q&A • Well-positioned for market recovery AP
Slide 19: CCF
INTRODUCTION CCF FINANCIAL REVIEW • Performance has deteriorated since last year • CCF holding market share BUSINESS OVERVIEW • Slowdown in new-build market and high-rise developments a challenge • Actions identified to deliver supply Q&A chain and logistics efficiencies • Category remains critical
Slide 20: TF Solutions
INTRODUCTION TF Solutions FINANCIAL REVIEW • Warm summer weather driving record levels of demand • AC, refrigeration, gases and install all growing sales and gross margin BUSINESS OVERVIEW • Digital catalogue now live • TF Solutions opening in Dublin Q&A within the BSS branch in H1 2027 • Significan
Slide 21: Summary
Summary INTRODUCTION FINANCIAL REVIEW 1. Strong cash performance underpins 4. New management team fully financial resilience and flexibility established and developing well BUSINESS OVERVIEW 2. Maintaining discipline on costs and 5. Market leading positions give capital allocation, with a continu
Slide 22: Q&A
22 INTRODUCTION FINANCIAL REVIEW BUSINESS OVERVIEW Q&A APPENDICES CONTACT TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 Q&A
Slide 23: Appendices
Appendices INTRODUCTION FINANCIAL REVIEW BUSINESS OVERVIEW Q&A APPENDICES CONTACT TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 23
Slide 24: Definitions
Definitions INTRODUCTION Metric Definition FINANCIAL REVIEW Operating profit Profit before tax, financing charges and income Earnings per share (‘EPS’) Ratio of net profit after taxation adjusted for minority interests to weighted number of ordinary shares outstanding Adjusted operating profit / Ope
Slide 25: Sales drivers by reporting segment
Sales drivers by reporting segment INTRODUCTION (% unless otherwise stated) Merchanting Toolstation UK Toolstation Benelux Total Group FINANCIAL REVIEW Total revenue Q1 Q2 H1 Q1 Q2 H1 Q1 Q2 H1 Q1 Q2 H1 2026 (4.2) (1.1) (2.6) 3.2 2.1 2.6 (7.0) (5.3) (6.1) (3.1) (0.6) (1.8) 2025 (3.5) (2.7) (3.1) 4.3
Slide 26: Branch numbers
Branch numbers INTRODUCTION 6 months ended 30 June 2026 31 Dec 2025 Openings Closures 30 Jun 2026 FINANCIAL REVIEW Travis Perkins General Merchant 551 3 (10) 544 Benchmarx1 28 – (1) 27 Keyline 41 – – 41 BUSINESS OVERVIEW CCF 37 – – 37 BSS 54 – – 54 TF Solutions 16 – – 16 Q&A Merchanting 727 3 (11) 7
Slide 27: Contact
INTRODUCTION FINANCIAL REVIEW BUSINESS OVERVIEW Strong customer and supplier relationships Comprehensive UK network Toolstation growth potential Q&A APPENDICES Contact Duncan Cooper investor.relations@travisperkins.co.uk CONTACT Diverse portfolio of brands Experienced people 27