Georg Fischer Ag · SIX:GF

Georg Fischer — H1 2025 Earnings Presentation

28 slides from Georg Fischer's earnings presentation, Jul 24, 2025

Slide 1: Mid-Year Report 2025
Schaffhausen, 24 July 2025 Mid-Year Report 2025 Andreas Müller, CEO | Mads Joergensen, CFO © GF v3.2
Slide 2: Highlights
GF Corporation Highlights Resilient performance despite Strategic transformation to become Outlook 2025 – headwinds a pure-play Flow Solutions company GF’s Flow Solutions business ▪ Strong momentum in Infrastructure, ▪ Divestment of GF Machining ▪ Flat to lower single-digit organic tariff-induced un
Slide 3: Divestment of GF Machining Solutions closed
GF Corporation Divestment of GF Machining Solutions closed ▪ Signing of GF Machining Solutions divestment to United Grinding Group announced on 30 October 2024 ▪ Transaction closed on 30 June 2025 ▪ Agreed purchase price on a cash and debt-free basis of CHF 630 million ▪ Proceeds of transaction were
Slide 4: GF's Flow Solutions business – Mid-year key figures
GF Corporation GF’s Flow Solutions business – Mid-year key figures (in CHF) Sales 1.5 billion -3.0% +0.1% growth YOY organic growth EBIT margin 10.4% 9.5% comparable1,2 reported2 (2024: 11.7%) (2024: 10.4%) 1 Excluding items affecting comparability 2 Including estimated proportionate corporate costs
Slide 5: We continue to build the global leader in Flow Solutions – Acquisition of VAG-Group
GF Corporation We continue to build the global leader in Flow Solutions – Acquisition of VAG-Group ▪ Acquisition of VAG-Group signed in May ▪ VAG generates sales of CHF ~190 million ▪ Complementary products in water infrastructure market – leading specialist for mission-critical metal valve technolo
Slide 6: Uponor integration – Cost synergies on track, commercial synergies starting to unfold
GF Corporation Uponor integration – Cost synergies on track, commercial synergies starting to unfold (CHF million) Expected annual run rate of Key milestones synergies until 2027 Further savings through One GF procurement team achieved 40 – 50 30 – 40 First commercial synergies in the books and pick
Slide 7: GF's Flow Solutions business with great progress towards sustainability targets
GF Corporation GF’s Flow Solutions business with great progress towards sustainability targets 76% -55% sales with social or CO2e emissions Scope 1 and 2 environmental benefits (Compared to H1 baseline; (Target 2025: 77%1) Target 2026: -30%) 4.0 accidents 32% per million hours newly appointed worked
Slide 8: GF IIFS – Infrastructure growing, Industry impacted by uncertainty
GF Industry and Infrastructure Flow Solutions GF IIFS – Infrastructure growing, Industry impacted by uncertainty (in CHF) Sales EBIT margin (comparable) 960 -1.4% +1.6% 11.5% -16% 1 million growth YOY organic growth (2024: 13.7%) Microelectronics ▪ Strong momentum in Infrastructure in Europe and sol
Slide 9: Industry business – Maintaining the world's largest ground-based telescope
GF Industry and Infrastructure Flow Solutions Industry business – Maintaining the world’s largest ground-based telescope Customer needs: Flow solutions that ensure precise, reliable operations – withstanding harsh conditions to maintain the world’s largest telescope GF solution: Pneumatic actuator D
Slide 10: Infrastructure business – Enabling Europe's energy transition
GF Industry and Infrastructure Flow Solutions Infrastructure business – Enabling Europe’s energy transition Customer needs: Advanced cable protection systems for underground high-voltage power networks GF solution: Butt fusion machine ▪ PE100-RT withstands 70 °C continuous and 95 °C peak temperature
Slide 11: GF Building Flow Solutions with mixed market development
GF Building Flow Solutions GF Building Flow Solutions with mixed market development (in CHF) Sales EBIT margin (comparable) 586 -5.6% -1.6% 9.7% -2% 1 million growth YOY organic growth1 (2024: 9.2%) ▪ Sales in North America flat despite declining markets Building Flow Solutions – Europe ▪ Sales in E
Slide 12: Replacing copper in the tallest new building in Texas
GF Building Flow Solutions Replacing copper in the tallest new building in Texas Customer needs: Achieve LEED® Gold certification with tight construction schedule and budget restrictions GF solution: Wirsbo hePEX Uponor AquaPEX® ▪ PEX and CPVC combination for domestic water system throughout the 74
Slide 13: GF Casting Solutions with robust performance despite harsh business environment
GF Casting Solutions GF Casting Solutions with robust performance despite harsh business environment (in CHF) Sales EBIT margin (comparable) 388 -16.0% -14.1% 4.9% -22% million growth YOY organic growth (2024: 8.8%) Light vehicles ▪ Sales impacted by continued weakness in premium segment of European
Slide 14: Consolidated financial statements
Consolidated financial statements Mads Joergensen, CFO © GF v3.2 14 Schaffhausen, 24 July 2025 | Mid-Year Report 2025
Slide 15: Order intake customer
GF Corporation Order intake customer (CHF million) Organic H1 2024 -0.2% H1 2025 +4.6% +7.4% 2’367 1’487 1’511 2’300 902 942 +0.1% 585 569 -12.2% -4.1% 440 440 378 412 H1 24 H1 25 H1 24 H1 25 GF Corporation GF IIFS GF BFS GF CS GF MS GF’s Flow Solutions business © GF v3.2 15 Schaffhausen, 24 July 20
Slide 16: Net sales
GF Corporation Net sales (CHF million) Organic H1 2024 -3.6% H1 2025 +0.1% +1.6% 2’407 1’553 1’507 2’255 974 960 -2.8% 621 -14.1% 586 -5.9% 462 388 392 360 H1 24 H1 25 H1 24 H1 25 GF Corporation GF IIFS GF BFS GF CS GF MS GF’s Flow Solutions business © GF v3.2 16 Schaffhausen, 24 July 2025 | Mid-Yea
Slide 17: EBIT margin (comparable)
GF Corporation EBIT margin (comparable) (in %) H1 2024 H1 2025 13.7 11.7 10.4 11.5 9.1 9.2 9.7 8.8 7.3 4.9 0.5 -1.6 H1 24 H1 25 H1 24 H1 25 GF Corporation GF IIFS GF BFS GF CS GF MS GF’s Flow Solutions business1 1 Including estimated proportionate corporate costs © GF v3.2 17 Schaffhausen, 24 July 2
Slide 18: EBIT bridge
GF Corporation EBIT bridge (CHF million) EBIT margin 8.0% 9.1% 7.3% 12.1% 272 -32 220 194 164 -40 -16 140 GF IIFS -17 GF BFS +3 GF CS -20 GF MS -2 GF Corp. -3 H1 24 H1 24 organic FX H1 25 Gain from GFMS IACs H1 25 reported comparable comparable divestment reported © GF v3.2 18 Schaffhausen, 24 July
Slide 19: Currency effects on sales and EBIT in H1 2025
GF Corporation Currency effects on sales and EBIT in H1 2025 (CHF million) Per division: Sales EBIT Per currency: Rates Sales EBIT Ø 24 Ø 25 Change 0.962 0.941 -2.1% EUR -14.0 -3.3 0.889 0.863 -2.9% GF I&I Flow Solutions -29.3 -5.6 USD -10.6 -7.2 0.123 0.119 -3.5% GF Building Flow Solutions -17.6 -2
Slide 20: Income statement
GF Corporation Income statement (CHF million) Continuing Discontinued H1 2025 Continuing Discontinued H1 2024  operations operations operations operations Sales 1’895 360 2’255 2’015 392 2’407 -6% Gross value added 895 139 1’034 809 157 966 +7% Personnel expenses -539 -141 -681 -541 -150 -691 -1% E
Slide 21: Net profit bridge
GF Corporation Net profit bridge (CHF million) 140 -48 165 -27 101 Net profit H1 24 Gain from IACs & Business performance Net profit H1 25 divestment of GFMS other adjustments © GF v3.2 21 Schaffhausen, 24 July 2025 | Mid-Year Report 2025
Slide 22: Leverage reduced
GF Corporation Leverage reduced (CHF million) Net debt to EBITDA development ▪ Proceeds of CHF 630 million from the divestment of GF Machining Solutions Net debt / EBITDA 3.4x 2.5x ▪ Net debt / EBITDA at 2.5x end of June 2025 down from 1’892 3.4x end of December 2024 ▪ Expected around 3x end of 2025
Slide 24: Streamlined structure for GF's Flow Solutions business
GF Corporation Streamlined structure for GF’s Flow Solutions business Andreas Müller CEO Mads Joergensen CFO Thomas Hary Michael Rauterkus GF Industry and Infrastructure Flow Solutions GF Building Flow Solutions Industry Infrastructure Buildings Transformation of cross-divisional services ongoing (I
Slide 25: 2025 – Strengthening foundations for sustainable growth
GF Corporation 2025 – Strengthening foundations for sustainable growth 2025 outlook for GF’s Flow Solutions business ▪ Balanced presence worldwide and across markets enhances resilience and enables GF to capture opportunities across a broad spectrum of applications Flat to lower single-digit organic
Slide 26: Join our Capital Markets Day on 4 November 2025
GF Corporation Join our Capital Markets Day on 4 November 2025 © GF v3.2 26 Schaffhausen, 24 July 2025 | Mid-Year Report 2025
Slide 28: Disclaimer
Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for, purchase or sell any investment. Neither it nor anything it contains shall form the basis of any contract whatsoever. Opinions expressed herein reflect the

Georg Fischer — H1 2025 Earnings Presentation on 6ix

Georg Fischer — H1 2025 Earnings Presentation

Slide 1: Mid-Year Report 2025

Slide 2: Highlights

Slide 3: Divestment of GF Machining Solutions closed

Slide 4: GF's Flow Solutions business – Mid-year key figures

Slide 5: We continue to build the global leader in Flow Solutions – Acquisition of VAG-Group

Slide 6: Uponor integration – Cost synergies on track, commercial synergies starting to unfold

Slide 7: GF's Flow Solutions business with great progress towards sustainability targets

Slide 8: GF IIFS – Infrastructure growing, Industry impacted by uncertainty

Slide 9: Industry business – Maintaining the world's largest ground-based telescope

Slide 10: Infrastructure business – Enabling Europe's energy transition

Slide 11: GF Building Flow Solutions with mixed market development

Slide 12: Replacing copper in the tallest new building in Texas

Slide 13: GF Casting Solutions with robust performance despite harsh business environment

Slide 14: Consolidated financial statements

Slide 15: Order intake customer

Slide 16: Net sales

Slide 17: EBIT margin (comparable)

Slide 18: EBIT bridge

Slide 19: Currency effects on sales and EBIT in H1 2025

Slide 20: Income statement

Slide 21: Net profit bridge

Slide 22: Leverage reduced

Slide 23: Outlook 2025

Slide 24: Streamlined structure for GF's Flow Solutions business

Slide 25: 2025 – Strengthening foundations for sustainable growth

Slide 26: Join our Capital Markets Day on 4 November 2025

Slide 27: Thank you

Slide 28: Disclaimer