Gvs S.p.a · MIL:GVS
Gvs — H1 2025 Earnings Presentation
13 slides from Gvs's earnings presentation, Aug 7, 2025
Slide 1: H1 2025 Results Presentation
• H1 2025 RESULTS PRESENTATION • August 7th, 2025
Slide 2: Executive Summary
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Executive Summary Q2 EBITDA margin reached its highest level since Q4 2021 Healthcare and Life Sciences sales +2.2% excl. FX vs. H1 2024 Safety revenues +8.6% Y
Slide 3: H1 2025 Results At-a-Glance
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx H1 2025 Results At-a-Glance Growing revenues and profitability, despite adverse FX trend SALES Adjusted EBITDA and % Net Financial Position and Leverage €m €m €
Slide 4: Sales vs. H1 2024
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Sales – H1 2025 vs. H1 2024 +1.7% YoY growth excl. FX, supported by M&A contribution and pricing SALES – H1 2024 TO H1 2025 BRIDGE €m • +1.7% growth excl. FX 2.
Slide 5: Sales Performance by Division
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Sales – H1 2025 Performance by Division Safety division leading Group’s sales growth Healthcare & Life Sciences Safety Energy & Mobility €m €m €m Excl. FX Excl.
Slide 6: Adj. EBITDA vs. H1 2024
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Adj. EBITDA – H1 2025 vs. H1 2024 +4.1% YoY growth ADJ. EBITDA – H1 2024 TO H1 2025 BRIDGE €m 24.2% ADJUSTED EBITDA % 25.1% 90bps of margin accretion • H1 2025
Slide 7: Adj. Net Income vs. H1 2024
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Adj. Net Income – H1 2025 vs. H1 2024 +16.2% YoY growth excl. FX impact Adj. Net Income Adj. Net Income Excl. FX Gains/Losses €m €m +16.2% 26.2 24.8 22.5 11.5%
Slide 8: Net Financial Position vs. FY 2024
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Net Financial Position – H1 2025 vs. FY 2024 Leverage at 2.4x post Whole Blood acquisition NET FINANCIAL POSITION – FY 2024 TO H1 2025 BRIDGE €m 2.1x LEVERAGE R
Slide 9: Tariff Update, Current trading and FY 2025 Guidance
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Tariff Update, Current trading and FY 2025 Guidance Limited impact from the new tariff, updated FY 2025 guidance • Reciprocal tariff impact in Q2 2025 of approx
Slide 10: H1 2025 Results – Financial Statements
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx H1 2025 Results – Financial Statements H1 2024 and H1 2025 P&L – Statutory Adjusted View of which H1 2024 of which H1 2025 €m H1 2024 % H1 2025 % non-recurring
Slide 11: H1 2025 Results – Financial Statements
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx H1 2025 Results – Financial Statements Reclassified Balance Sheet - FY 2024 – H1 2025 As of As of €m 31-Dec-2024 30-Jun-2025 Net intangible fixed assets 472.9 4
Slide 12: H1 2025 Results – Financial Statements
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx H1 2025 Results – Financial Statements Cash Flow Statement - H1 2024 – H1 2025 €m H1 2024 H1 2025 Pre-tax result 21.2 1.4 Amortisation, depreciation and writedo
Slide 13: Disclaimer
ibdroot\projects\IBD-LN\fiberglass2019\643420_1\7. Marketing Materials\03 Analyst Presentation\Project Vicky_Analyst Presentation_ v55.pptx Disclaimer Pursuant to art. 154-bis, paragraph 2, of the Italian Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate