Slide 1: SIG plc H1 2026 Results
SIG plc H1 2026 Results 4 August 2026
Slide 2: H1 2026 Results Agenda
H1 2026 Results Agenda Overview Pim Vervaat Pim Vervaat CEO Financial results Simon Kesterton Simon Kesterton Business review Pim Vervaat / Chris Lodge CFO Strategy and Outlook Pim Vervaat / Simon Kesterton Chris Lodge MD UK Roofing 2
Slide 3: Overview
y ee A Overview | "| Pim Vervaat, CE
Slide 4: New CFO Simon Kesterton joined SIG on 1 May 2026
New CFO Simon Kesterton joined SIG on 1 May 2026 • Experienced CFO with 20+ years track record of organisational and financial transformations delivering significant shareholder value • Last 6 years as CFO of Kier Group where the financial and operational transformation resulted in material profit i
Slide 5: H1 2026 results and Vision 2030 value creation plan
SIG is building a higher-quality specialist distribution platform H1 2026 results Vision 2030 value creation plan Resilient overall performance in difficult Targeting £50m operating profit improvement by mid 2028 markets Aiming to generate at least £100m of cash by the Q2 returning to growth fol
Slide 6: Financial Results
Financial Results Simon Kesterton, CFO
Slide 7: Financials
Financials £'m H1 H1 2026 % 2025 % Δ Revenue 1,293.3 1,304.4 (0.9)% LFL sales growth (1.5)% 1.5% Gross profit 309.0 23.9% 315.4 24.2% (30)bps • H1 Group LFL sales down 1.5% on Underlying operating profit 10.5 0.8% 15.4 1.2% (40)bps prior year Finance costs (26.8) (25.8) (1.0) • Gross margin impacted
Slide 8: Revenue development
Revenue development Volume, price and total LFL trend yoy LFL % H1 26 4.0% Q2 vs Q1 Revenue Operating Company Q1 26 Q2 26 Var H1 26 £m 2.0% UK & Ireland - Interiors (6.4) (1.6) 4.8 (4.0) 379 UK - Roofing (0.7) 3.9 4.5 1.7 226 - UK & Ireland (4.4) 0.4 4.8 (1.9) 605 France (4.0) 0.7 4.7 (1.5) 296 (2.0
Slide 9: Revenue
Revenue 2.3% 1.3% £1,304m 0.8% 0.7% £1,293m H1 2025 LFL - volume LFL - pricing Branch changes Working days/FX H1 2026 • Volume decline largely reflects weak demand in UK, positive volumes in Poland, Ireland and Benelux divisions • Branch changes reflect closure of Mayplas (UK) & MPA (Benelux) and br
Slide 10: Operating profit bridge
Operating profit bridge £(7)m £2m £(3)m £15m £10m £11m £(6)m H1 2025 Sales Sales Other Opex Management Actions H1 2026 volume pricing GM changes inflation • Declines in underlying volumes partially mitigated through pricing growth • Other GM changes includes mix effects and lost GP from closed branc
Slide 11: Free cash flow
Free cash flow Working capital % of LTM sales: 2025: 9.5% 2026: 7.3% £36m £51m £8m £6m £6m £11m £26m £16m £1m Underlying Lease Capex Working Cash Operating Interest and Tax Free cash EBITDA payments capital exceptionals & cash flow financing outflow other • Significant reduction in working capital d
Slide 12: Financing and liquidity
Financing and liquidity £m Jun 2026 Maturities by calendar year Net debt 532 Leverage(1) 5.0x €300m Net debt (exclude finance leases) 209 Senior Secured notes Liquidity 154 €13.5m Senior £90m • Leverage slightly increased with lower EBITDA and free cash outflow Secured RCF • Liquidity of £154m consi
Slide 13: Business Review
Business Review Pim Vervaat, CEO
Slide 14: LFL revenue, operating margins & profit
LFL revenue, operating margins & profit H1 2026 Revenue LFL1 Operating (£’m) H1 2026 Operating profit2 (£’m) margin2 UK Roofing3 226 1.7% 3.2% 7.3 France 296 (1.5)% 1.6% 4.7 UK & Ireland Interiors 379 (4.0)% 0.6% 2.3 Poland 132 4.0% 0.9% 1.2 Benelux 48 8.0% 0.7% 0.3 Germany 212 (5.5)% 0.0% 0.0 1) LF
Slide 15: France and Germany
France and Germany £m H1 2026 H1 2025 £m H1 2026 H1 2025 Sales 296 296 Sales 212 217 LFL sales (1.5)% £5.6m (5.2)% LFL sales (5.5)% £5.6m 0.4% Operating profit 4.7 7.2 Operating profit 0.0 0.7 £(3.5)m • Markets remain challenging but improving as • Continued difficult market circumstances impacting
Slide 16: Poland and Benelux
Poland and Benelux Benelux £m H1 2026 H1 2025 £m H1 2026 H1 2025 Sales 132 124 Sales 48 46 LFL sales 4.0% 2.5% LFL sales 8.0% 3.3% Operating profit 1.2 1.4 Operating profit 0.3 (0.8) £(1.3)m £(4.5)m • LFL Revenue up 4% despite difficult start to the year • Revenue up 8% significantly outperforming t
Slide 17: UK & Ireland
UK & Ireland UK & Ireland Interiors1 UK Roofing £m H1 2026 H1 2025 £m H1 2026 H1 2025 Sales 379 399 Sales 226 223 LFL sales (4.0)% 5.5% LFL sales 1.7% 4.3% Operating profit 2.3 5.4 Operating profit 7.3 6.8 £(3.5)m £(3.5)m • Division now includes Ireland reflecting management • Market leader in roofi
Slide 18: The home of Roofing
The home of Roofing Chris Lodge
Slide 19: SIG Roofing | Overview
SIG Roofing | Overview #1 IN ITS MARKET SPECIALIST ROOFING MERCHANT PITCHED | FLAT | INDUSTRIAL | SOLAR The home of roofing Copyright © SIG Roofing | Part of SIG PLC 19
Slide 20: SIG Roofing | H1 Review
SIG Roofing | H1 Review • UK Market; continued weak demand leads into 20261; • Private New Build -10% • Private RMI -8% • Robust performance with Flat LFL, taking share in a declining market (4% ahead of market2) • Overcame weather disruption in Q1 however, further extremes challenge June and July •
Slide 21: SIG Roofing | Looking ahead
SIG Roofing | Looking ahead • UK market expected to remain challenging for H2 2026 • Our focus on our people will continue to give us a solid foundation to outperform • Accelerate the support for our customers in targeted initiative areas such as Solar training and technical support • Expanding cust
Slide 22: Strategy & Outlook
Strategy & Outlook Pim Vervaat, CEO Simon Kesterton, CFO
Slide 23: Vision 2030 - Building a higher-quality, more focused SIG
Vision 2030 - Building a higher-quality, more focused SIG Markets not expected to recover in the short-term leading to more management action Optimise Operating Leverage Optimise the Business Portfolio Embrace AI and enabling Simplify Reaffirm our Operating Model technologies • Business portfolio ra
Slide 24: Vision 2030: Sources of value creation
Vision 2030: Sources of value creation Operating profit improvement Cash Generation £50m run rate improvement by mid 2028 At least £100m cash generated by end of 2027 Procurement (£25m) Back office simplification Footprint and logistics optimisation Closures and organisational simplification Market
Slide 25: Outlook
Outlook • Main markets expected to remain subdued in H2 • FY 2026 underlying operating profit expected to be c. £25m • Aiming to reduce net debt in H2 • Expect to maintain healthy levels of liquidity going forward • Value creation plan accelerating 25
Slide 26: Investment takeaways
Investment takeaways 1 Strong market positions in structural growth markets 2 Significant management-controlled self-help potential underpinning Vision 2030 targets: • £50m run-rate profit improvement targeted by mid 2028 • At least £100m cash generation by the end of 2027 • 3% - 5% operating margin
Slide 27: Appendix
Appendix
Slide 28: SIG overview
SIG overview Our Pan-European operations BLX 4% Poland 10% Germany 16% Revenue UK&I by region 47% H1 2026 France 23% 412 6,500+ c1,100 BRANCHES COLLEAGUES DELIVERY ACROSS FIVE FLEET GEOGRAPHIES 28
Slide 29: Technical guidance – FY 2026 expectations
Technical guidance – FY 2026 expectations • Inflation: o Operating cost inflation expected to be approximately 2-3% • Capex of £15-20m • Net interest charge expected to be within the range of £54-£56m • Tax: o Majority of EU operations expected to continue at prevailing local tax rates o Unrecognise
Slide 30: Underlying financials by segment
Underlying financials by segment Operating Change Revenue profit/(loss) vs PY Operating Change £'m LFL £'m £'m margin vs PY UK & Ireland - Interiors 379 (4.0)% 2.3 (3.2) 0.6% (0.8)% UK - Roofing 226 1.7% 7.3 0.6 3.2% 0.2% UK & Ireland 605 (1.9)% 9.6 (2.6) 1.6% (0.4)% France 296 (1.5)% 4.7 (2.4) 1.6%
Slide 31: Other items
Other items PBT Cash Impact Impact H1 H1 H1 £'m 2026 2025 2026 Amortisation of acquired intangibles (0.2) (1.0) - Impairment charges - (22.1) - Net restructuring costs (2.8) 0.2 (2.8) Cloud based ERP implementation costs (2.0) (0.3) (1.3) Other (0.2) 0.5 (0.1) Impact on operating profit (5.2) (22.7)
Slide 32: Cash flow and net debt
Cash flow and net debt £'m H1 H1 2026 2025 Underlying operating profit 11 15 • Strong working capital inflow, reflecting working capital initiatives Add back: Depreciation & amortisation 40 39 Underlying EBITDA 51 54 including introduction of new factoring facilities, partially offset by Working cap
Slide 33: Net debt bridge
Net debt bridge £4m £1m £6m £26m £51m £36m £8m £532m £518m H2 2025 Underlying Working Lease additions/ Interest and Capex Cash exceptionals Provisions/ H1 2026 Net Debt EBITDA capital renewals financing Other/FX Net Debt 33
Slide 34: Number of trading sites
Number of trading sites 31 Dec 30 Jun Opened Closed 2025 2026 UK & Ireland - Interiors 62 - - 62 UK - Roofing 112 - - 112 UK & Ireland 174 - - 174 France 136 1 (1) 136 Germany 49 - - 49 Poland 50 - - 50 Benelux 4 - (1) 3 Group 413 1 (2) 412 34