Slide 1: Strong H1 25 Performance with Double-Digit EPS Growth
STRONG H1 25 PERFORMANCE WITH DOUBLE-DIGIT EPS1 GROWTH ON TRACK TO DELIVER MEDIUM TERM TARGETS 2025 HALF YEAR RESULTS PRESENTATION 1 August 2025 Note: (1) At 2025 constant currency
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements with respect to the financial condition, results, operations and business of Intertek Group plc. These statements and forecasts involve risk and uncertainty because they relate to
Slide 3: Strong Performance in H1 25, Significant Value Growth Opportunity
STRONG PERFORMANCE SIGNIFICANT VALUE IN H1 25 GROWTH OPPORTUNITY 9th Consecutive High Cash Strong Financial MSD LFL Six-Month period Conversion Performance Revenue of MSD LFL of 118% Expected in 2025 Growth Target Revenue Growth1 Strong Margin Disciplined Medium Term Excellent ROIC Progression Accre
Slide 4: Performance Highlights
01 02 03 04 05 Performance H1 25 Financial Business Lines AAA Strategy 2025 Highlights Results Review in Action Outlook 4
Slide 5: Strong Performance in H1 2025
STRONG PERFORMANCE IN H1 2025 H1 25 YoY H1 25 YoY H1 25 H1 24 (Constant rates) (Actual rates) Revenue £1,672.7m £1,669.5m 4.5% 0.2% Like-for-like revenue £1,670.0m £1,668.2 4.5% 0.1% Operating Profit1 £276.3m £265.1m 9.7% 4.2% Operating Margin1 16.5% 15.9% 80bps 60bps EPS¹ 111.5p 104.9p 12.6% 6.3% C
Slide 6: Robust LFL Revenue Growth of 4.5%
ROBUST LFL REVENUE GROWTH OF 4.5% 1 H1 25 LFL growth1 by division H1 3-Year LFL growth1 by division 8.2% 25.9% 7.9% 4.5% 14.6% 13.3% 12.3% 3.2% 3.0% 9.9% 11.0% Group Consumer Corporate Health & Industry & World of Group Consumer Corporate Health & Industry & World of Products Assurance Safety Infras
Slide 7: Track Record of Selecting and Executing Value Accretive M&A
TRACK RECORD OF SELECTING AND EXECUTING VALUE ACCRETIVE M&A Australia │ May 2021 Brazil │ July 2021 USA │ July 2022 Brazil │ April 2023 USA │August 2023 N. America│March 2024 Brazil │ May 2025 Corporate Assurance Health & Safety World of Energy Health & Safety People Assurance Minerals Building & Co
Slide 8: Strong Margin Performance +80bps
STRONG MARGIN PERFORMANCE +80BPS 1 H1 25 Adjusted Operating Margin2 growth2 H1 3-year Adjusted Operating Margin2 growth2 450bps 210bps 370bps 240bps 210bps 80bps 170bps 60bps 80bps 10bps (10bps) Group Consumer Corporate Health and Industry and World of Products Assurance Safety Infrastructure Energy
Slide 9: Financial Results
01 02 03 04 05 Performance H1 25 Financial Business Lines AAA Strategy 2025 Highlights Results Review in Action Outlook 9
Slide 10: Key P&L Financials
KEY P&L FINANCIALS YoY YoY H1 25 (Constant rates) (Actual rates) Revenue £1,672.7m 4.5% 0.2% Like-for-like revenue £1,670.0m 4.5% 0.1% Operating Profit1 £276.3m 9.7% 4.2% Operating Margin1 16.5% 80bps 60bps EPS¹ 111.5p 12.6% 6.3% Note: (1) Before separately disclosed items 10
Slide 11: Cash Flow & Net Debt
CASH FLOW & NET DEBT £m @ actual exchange rates H1 2025 H1 2024 Adjusted operating profit1 276.3 265.1 Depreciation/amortisation 81.0 80.1 Change in working capital (104.3) (89.9) Other2 12.8 12.1 Adjusted cash flow from operations 265.8 267.4 Capex (61.8) (55.6) Income taxes paid (69.7) (59.1) Othe
Slide 12: Financial Guidance
FINANCIAL GUIDANCE FY 2025 Guidance Net finance cost (pre-fx) £51-52m Effective tax rate 25%-26% Minority interest £22-23m Diluted shares (as at 30 June 2025) 162.6m Capex £135-145m Financial Net Debt1 £820-870m Note: (1) Net debt guidance before any material change in FX rates and any M&A 12
Slide 13: Business Lines Review
01 02 03 04 05 Performance H1 25 Business Lines AAA Strategy 2025 Highlights Financial Results Review in Action Outlook 13
Slide 14: High-Single Digit LFL Growth in Consumer Products
HIGH-SINGLE DIGIT LFL GROWTH IN CONSUMER PRODUCTS Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 481.7 481.7 122.8 135.6 28.2 467.9 466.6 26.2 24 25 24 25 24 25 24 25 7.5% CCR 7.9% CCR 15.8% CCR 210bps CCR 2.9% 3.2% 10.4% 200bps H1 24 Actual LFL H1 25 Actual LFL
Slide 15: High-Single Digit LFL Growth in Corporate Assurance
HIGH-SINGLE DIGIT LFL GROWTH IN CORPORATE ASSURANCE Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 242.1 251.2 242.1 251.2 55.6 22.1 52.3 21.6 24 25 24 25 24 25 24 25 8.2% CCR 8.2% CCR 11.2% CCR 60bps CCR 3.8% 3.8% 6.3% 50bps H1 24 Actual LFL H1 25 Actual LFL Gr
Slide 16: Low-Single Digit LFL Growth in Health and Safety
LOW-SINGLE DIGIT LFL GROWTH IN HEALTH AND SAFETY Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 166.8 166.8 20.3 12.2 163.7 163.7 19.3 11.8 24 25 24 25 24 25 24 25 3.2% CCR 3.2% CCR 2.7% CCR (10bps) CCR (1.9%) (1.9%) (4.9%) (40bps) H1 24 Actual LFL H1 25 Actual
Slide 17: Low-Single Digit LFL Growth in Industry and Infrastructure
LOW-SINGLE DIGIT LFL GROWTH IN INDUSTRY AND INFRASTRUCTURE Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 36.8 8.8 420.5 417.3 420.5 414.6 36.3 8.7 24 25 24 25 24 25 24 25 3.7% CCR 3.0% CCR 4.6% CCR 10bps CCR (0.8%) (1.4%) (1.4%) (10bps) H1 24 Actual LFL H1 25 A
Slide 18: Stable LFL Growth in World of Energy
STABLE LFL GROWTH IN WORLD OF ENERGY Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 8.8 372.2 372.2 358.8 358.8 32.9 8.2 29.5 24 25 24 25 24 25 24 25 Stable Stable (5.4%) CCR (50bps) CCR (3.6%) (3.6%) (10.3%) (60bps) H1 24 Actual LFL H1 25 Actual LFL Growth Driv
Slide 19: AAA Strategy in Action
01 02 03 04 05 Performance H1 25 Financial Business Lines AAA Strategy 2025 Highlights Results Review in Action Outlook 19
Slide 20: Being the best for every stakeholder. All the time.
Being the best for every stakeholder. All the time. AAA MEDIUM-TERM TARGET: MSD LFL REVENUE GROWTH, 18.5%+ MARGIN AND STRONG CASH 20
Slide 21: AAA Strategy in Action
AAA STRATEGY IN ACTION March 2024 August 2024 March 2025 August 2025 Faster growth Investing in Bigger ATIC Consumer for our our global opportunity Products ATIC solutions ATIC capability with China+1 Growth Model Significant Sustainability is AAA is about Intertek margin accretion the movement bein
Slide 22: Consumer Products Growth Model
CONSUMER PRODUCTS GROWTH MODEL 28% of Group Revenue Growth Drivers 42% of Group Profit 26% Margin Growth in SKUs More Choice Higher Quality Choices Consumer expectations for Intertek benefitting Long-term trend of SKU Consumers demanding quality and safety are rising from structural growth growth ac
Slide 23: Consumer Products Growth Model: Softlines
CONSUMER PRODUCTS GROWTH MODEL: SOFTLINES
Slide 24: Consumer Products Growth Model: Hardlines
CONSUMER PRODUCTS GROWTH MODEL: HARDLINES
Slide 25: Consumer Products Growth Model: Electrical
CONSUMER PRODUCTS GROWTH MODEL: ELECTRICAL
Slide 26: Electrical AAA Footprint
ELECTRICAL AAA FOOTPRINT FY24 Ext Rev £473M No. Employees 4,100 No. Sites 61
Slide 27: Electrical AAA Track Record
ELECTRICAL AAA TRACK RECORD Intertek’s Global Highly diversified: Electrical business has a 23 Countries and 11 Industries Revenue CAGR +7% strong track record of profitable growth Mission Regulatory Electrification of Society Growth Drivers Attractive Structural Air-Conditoners installed units e.g.
Slide 28: Electrical AAA Investments & Innovations
ELECTRICAL AAA INVESTMENTS & INNOVATIONS AAA STRATEGIC PRIORITIES AAA STRATEGIC ENABLERS Science-based 10X Purpose- Brand Push Winning Sustainability Margin Accretive Customer Based & Pull Innovations Xcellence Investments Excellence Engagement Launch of Cyber New Energy New Grid Code HVAC1 New Rene
Slide 29: India AAA Footprint
INDIA AAA FOOTPRINT FY24 Ext Rev £72M Delhi Agri, BA, EL No. Employees 3,000 Gurugram SL, HL, FD No. Sites 18 Jaipur Kandla BA Agri, CB Kolkata Indore Key strengths Agri Agri Ahmedabad • Strong pan-India presence Jamnagar BA Haldia CB Paradip CB • Market leader across majority of BLs CB Kakinada • M
Slide 30: India AAA Track Record
INDIA AAA TRACK RECORD Intertek India operating Broad based Indian ATIC market expansion since 1993 and now with across Business Lines Revenue CAGR +9.5% a strong country-wide presence across BLs Strong margin, Cash and ROIC track record Benefitting from Regulatory Highly Supportive Growth Enablers
Slide 31: India AAA Investments & Innovations
INDIA AAA INVESTMENTS & INNOVATIONS AAA STRATEGIC PRIORITIES AAA STRATEGIC ENABLERS Science-based 10X Purpose- Brand Push Winning Sustainability Margin Accretive Customer Based & Pull Innovations Xcellence Investments Excellence Engagement Softlines Launch of Expansion in Investment in New Food Lab
Slide 32: 2025 Outlook
01 02 03 04 05 Performance H1 25 Financial Business Lines AAA Strategy 2025 Highlights Results Review in Action Outlook 32
Slide 33: Strong 2025 Outlook
STRONG 2025 OUTLOOK MSD LFL Revenue growth at CCY Consumer Products: HSD Corporate Assurance: HSD Health and Safety: LSD Industry and Infrastructure: LSD World of Energy: LSD Margin progression year-on-year Strong free cash flow Capex: £135-145m Financial net debt1: £820-870m Note: (1) Net debt guid
Slide 34: Accretive Disciplined Capital Allocation
ACCRETIVE DISCIPLINED CAPITAL ALLOCATION Capex and working capital investment to support organic growth 01 (target c.4-5% of revenue in capex) Sustainable shareholder returns through payment of progressive 02 dividends based on a target payout ratio of c.65% M&A focused on strong growth and margin p
Slide 35: Significant Value Growth Opportunity
SIGNIFICANT VALUE GROWTH OPPORTUNITY MSD LFL revenue growth Investments in high- Intertek high Margin target of growth and high- margin sectors quality cash 18.5%+ compounder earnings model Accretive disciplined Strong free capital allocation cash flow
Slide 36: Significant Value Growth Opportunity
SIGNIFICANT ATIC growth drivers underpinning expected MSD LFL Rev Growth VALUE GROWTH Higher Quality Assurance Regulatory Standards More product choices with Higher Increased Corporate Energy Transition & Electrification Recurring Revenue Model & Good Visibility OPPORTUNITY Investments Upgrade Focus
Slide 37: Significant Value Growth Opportunity
SIGNIFICANT ATIC growth drivers underpinning expected MSD LFL Rev Growth VALUE GROWTH Higher Quality Assurance Regulatory Standards More product choices with Higher Increased Corporate Energy Transition & Electrification Recurring Revenue Model & Good Visibility OPPORTUNITY Investments Upgrade Focus
Slide 38: Significant Value Growth Opportunity
SIGNIFICANT ATIC growth drivers underpinning expected MSD LFL Rev Growth VALUE GROWTH Higher Quality Assurance Regulatory Standards More product choices with Higher Increased Corporate Energy Transition & Electrification Recurring Revenue Model & Good Visibility OPPORTUNITY Investments Upgrade Focus
Slide 39: Significant Value Growth Opportunity
SIGNIFICANT ATIC growth drivers underpinning expected MSD LFL Rev Growth VALUE GROWTH Higher Quality Assurance Regulatory Standards More product choices with Higher Increased Corporate Energy Transition & Electrification Recurring Revenue Model & Good Visibility OPPORTUNITY Investments Upgrade Focus
Slide 40: Significant Value Growth Opportunity
SIGNIFICANT ATIC growth drivers underpinning expected MSD LFL Rev Growth VALUE GROWTH Higher Quality Assurance Regulatory Standards More product choices with Higher Increased Corporate Energy Transition & Electrification Recurring Revenue Model & Good Visibility OPPORTUNITY Investments Upgrade Focus
Slide 41: Intertek Unique Strengths to Deliver Sustainable Growth and Value for All
INTERTEK UNIQUE STRENGTHS TO DELIVER SUSTAINABLE GROWTH AND VALUE FOR ALL High quality Doing Business ATIC value Disciplined High performance global the Right Way proposition with performance organisation growth portfolio operating culture Science-based management attracting and with scale #1/2 with
Slide 42: Intertek: Total Quality. Assured.
intertek Total Quality. Assured.