Slide 1: Compounding earnings growth
A global leader in fluid and motion control Compounding earnings growth 2025 Full Year Results Roy Twite – Chief Executive Officer Luke Grant – Chief Financial Officer
Slide 2: Cautionary statement
Cautionary statement By attending (whether in person, by telephone or webcast) this presentation or by reading the presentation slides, you agree to be bound by the limitations and conditions set out in this cautionary statement. This presentation has been prepared for information purposes only to i
Slide 3: Compounding earnings growth
A global leader in fluid and motion control Compounding earnings growth 2025 Full Year Results Roy Twite – Chief Executive Officer Luke Grant – Chief Financial Officer
Slide 4: Compounding earnings growth
Compounding earnings growth • 5% organic sales growth, 8% organic adjusted operating profit growth • Adjusted operating margin up 30bps to 20.0%, expect further progress over time • Free cash flow up £27m to £290m, despite record investment • £500m share buyback announced, proposed 10% dividend incr
Slide 5: Growth strategy has delivered 10% EPS CAGR
Growth strategy has delivered 10% EPS CAGR +10% CAGR 132.3 122.5 116.8 105.5 92.0 79.7 73.2 Growth strategy launched 2019 2020 2021 2022 2023 2024 2025 Adjusted Basic EPS (pence) 5
Slide 6: Business review
Business review Luke Grant – Chief Financial Officer 6
Slide 7: One IMI is driving consistent performance
One IMI is driving consistent performance Revenue Adjusted operating profit Adjusted operating margin £2,304m +5% organic £460m +8% organic 20.0% +30bps 2024: £2,210m 2024: £436m 2024: 19.7% Adjusted basic EPS Cash conversion Dividend per share 132.3p +8% 96% +10% 2024: 122.5p 2024: 92% 2025: 34.2p
Slide 8: Another year of high-quality revenue and profit growth
Another year of high-quality revenue and profit growth Revenue (£m) Adjusted operating profit (£m) +5% organic +8% organic 20.0% 32 111 19.7% (17) (8) 460 2,304 436 2,210 2024 FX / M&A* Organic 2025 2024 FX / M&A* Organic 2025 8 *Acquisition of TWTG (October 2024), disposal of Industrie Mecanique po
Slide 9: Margins now at 20%, expect further progress over time
Margins now at 20%, expect further progress over time Organic growth Organic growth Aftermarket focus Aftermarket focus Complexity reduction ~30% operating leverage 20%+ 20.0% 14.2% 2019 2025 Target Delivering a 580bps expansion in margins whilst making significant investments for growth 9
Slide 10: Compounding profitable growth
Compounding profitable growth £m 2025 2024 Growth Organic* Revenue 2,304 2,210 +4% +5% • Organic revenue growth of 5% and organic adjusted operating profit growth Adjusted operating costs (1,843.9) (1,774.5) of 8% Adjusted operating profit 460.1 435.5 +6% +8% • Reported revenue growth of 4% and Net
Slide 11: Strong growth driven by energy and aftermarket
Strong growth driven by energy and aftermarket Automation Revenue 2025 2024 Growth Organic* Process Automation £1,006m £906m +11% +12% • Strong order intake and continued Industrial Automation £498m £508m -2% -1% organic growth in Process Automation Total Revenue £1,504m £1,414m +6% +8% Adjusted Ope
Slide 12: Strong cash generation
Strong cash generation £m 2025 2024 Adjusted EBITDA 550 526 Inventory 31 (24) • Adjusted operating cash flow Debtors (26) (41) significantly higher, 96% cash conversion Creditors (2) 43 Working capital 3 (22) • Inventory reduced by £31m despite orderbook growth Capital expenditure (99) (92) Principa
Slide 13: Creating significant value for shareholders
Creating significant value for shareholders Value creation priorities Annual free cash flow generated (£m) Successful TWTG integration 1 Organic growth 290 2 263 Dividend 234 3 158 Bolt-on M&A Acquired in October 2024 for €25m Winning new certifications 4 Share buybacks Accelerating Aftermarket grow
Slide 14: Outlook: sixth consecutive year of mid-single digit organic growth
Outlook: sixth consecutive year of mid-single digit organic growth Adjusted EPS (p) • Based on current market conditions, we expect full year adjusted EPS to be Capital allocation 136p – 142p between 136p – 142p • Good organic revenue growth in Automation, modest growth in Life Technology 132.3p • M
Slide 15: Strategy update
Strategy update Roy Twite – Chief Executive Officer 15
Slide 16: IMI is aligned to three powerful megatrends
IMI is aligned to three powerful megatrends Energy Automation Healthcare Demand Labour cost and scarcity Ageing population Electrification Productivity Medical advances Efficiency AI and digitisation Preventative diagnostics IMI opportunity IMI opportunity IMI opportunity Process Automation Process
Slide 17: Our right to win
Our right to win Compelling value proposition Powerful megatrends Energy Global leader in fluid and motion control Bespoke, high-performance solutions Automation Mission critical to end customer outcomes ~45% of sales from high-margin aftermarket Healthcare Underpinned by One IMI operating model Com
Slide 18: Growth underpinned by rising global energy demand
Growth underpinned by rising global energy demand Power Nuclear LNG Data centres Key supplier to turbine OEMs Renewed momentum Liquefaction and regasification Direct liquid cooling £211m Aftermarket, up 16%1 £94m Aftermarket, up 33%1 £102m orders in 2025 £18m orders in 2025 £85m New Construction, up
Slide 19: Accelerating market-led innovation
Accelerating market-led innovation Innovative solutions Growth Hub Retrofit3D IMI VIVO Solving customer problems £206m Test, learn, scale Performance culture £149m TA Smart EroSolve £89m £52m Zeparo Cyclone £23m Early-stage teams £7m progressing across One IMI 2020 2021 2022 2023 2024 2025 Growth Hu
Slide 20: Process Automation plays a key role in the energy transition
Process Automation plays a key role in the energy transition New Construction: +5% CAGR1 Order intake (£m) End Markets2 +8% CAGR Gas Power Nuclear ~30% ~20% ~10% Hydrogen Petchem Oil 413 ~10% ~10% ~10% 413 390 354 New 329 328 Aftermarket: +11% CAGR1 Construction • Installed base of over 200,000 valv
Slide 21: Delivering our financial framework
Delivering our financial framework Medium-term targets STRUCTURAL STRONG CASH-BACKED PREMIUM GROWTH MARGINS EARNINGS RETURNS 5% 20%+ 90%+ 12%+ COMPOUNDING Organic revenue growth Operating margin Cash conversion Fully burdened ROIC EPS GROWTH 5% 20.0% 96% 14.0% 10% CAGR Average 2022 - 2025 2025 2025
Slide 22: Key messages
Key messages IMI is compounding EPS growth £500m share buyback announced 2026 full year adjusted EPS expected to be between 136p – 142p 22
Slide 23: Appendix
Appendix 23
Slide 24: Foreign exchange
Foreign exchange 2025 2024 Change Ready reckoner for translation Average rates impact of movement in FX rates on Euro 1.17 1.18 -1% 2025 FY performance US Dollar 1.32 1.28 +3% Sensitivity to +/- Adjusted Revenue Dec-25 Dec-24 Change 1 cent move in: operating profit Closing rates Euro +/- £7.9m +/- £