Hunting Plc · LSE:HTG
Hunting — Shareholder Meeting (April 2026)
24 slides from Hunting's shareholder meeting presentation, April 2026
Slide 1: Precision Engineering, Strategic Expansion and Operational Delivery
PRECISION ENGINEERING STRATEGIC EXPANSION AND OPERATIONAL DELIVERY HUNTING PLC 2026 ANNUAL GENERAL MEETING lon.agm@hunting -intl.com
Slide 2: Disclaimer
Disclaimer lon.agm@hunting-intl.com lon.agm@hunting -intl.com By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to comply with the following restrictions. This document and the accompanying verbal presentation and webcast (toge
Slide 3: Board of Directors
Board of Directors lon.agm@hunting-intl.com lon.agm@hunting -intl.com Stuart M. Brightman Jim Johnson Bruce Ferguson Margaret Amos Non -executive Company Chair Chief Executive Finance Director Non -executive Director Chair of Nomination Committee Chair of Ethics and Sustainability Committee Carol Ch
Slide 4: Today's agenda
Today’s agenda lon.agm@hunting-intl.com lon.agm@hunting -intl.com Welcome Introduction & Q1 2026 Trading Update Stuart M. Brightman, Non -executive Company Chair Chief Executive Review of 2025 Jim Johnson, Chief Executive Questions & Answers Business of AGM Stuart M. Brightman, Non -executive Compan
Slide 5: Q1 2026 Trading Update
lon.agm@hunting-intl.com lon.agm@hunting -intl.com PRECISION ENGINEERING STRATEGIC EXPANSION AND OPERATIONAL DELIVERY Q1 2026 TRADING UPDATE lon.agm@hunting -intl.com
Slide 6: Q1 2026 trading update
Q1 2026 trading update lon.agm@hunting-intl.com lon.agm@hunting -intl.com “Hunting has delivered a solid Q1 performance and we are maintaining our full -year EBITDA guidance of $145 -$155 million given the strong outlook for our end markets. We remain vigilant regarding Middle East volatility, with
Slide 7: 2025 Review
lon.agm@hunting-intl.com lon.agm@hunting -intl.com PRECISION ENGINEERING STRATEGIC EXPANSION AND OPERATIONAL DELIVERY 2025 REVIEW lon.agm@hunting -intl.com
Slide 8: Operational and financial highlights
Operational and financial highlights lon.agm@hunting-intl.com lon.agm@hunting -intl.com Financial highlights • $64.8m acquisition of Flexible Engineered Solutions in June 2025 to Revenue Free Cash Flow build out subsea offering. • $18.2m purchase of Organic Oil Recovery technology in March 2025 to $
Slide 9: Product group review: OCTG and Subsea
Product group review lon.agm@hunting-intl.com lon.agm@hunting -intl.com OCTG • KOC 1.0 and 2.0 orders continued in the year supporting global sales growth, Global growth contributing to the lower year -end order book. driven by leading • North America market share gains driven by TEC -LOCK semi-prem
Slide 10: Product group review: Perforating Systems and Advanced Manufacturing
Product group review lon.agm@hunting-intl.com lon.agm@hunting -intl.com Perforating • Restructuring and focus on efficiencies delivered strong increase in EBITDA in the Systems year. Technology to • International market growth anticipated out to 2028 -29 driven by South America drive completion and
Slide 11: Product group review: Other Manufacturing, FES and Organic Oil Recovery
Product group review lon.agm@hunting-intl.com lon.agm@hunting -intl.com Other Manufacturing • Restructuring and focus on efficiencies delivered strong increase in EBITDA in the Capabilities to support year. a changing industry • International market growth anticipated out to 2028 -29 driven by South
Slide 12: Hunting 2030 scorecard - delivering and on track
Hunting 2030 scorecard - delivering and on track lon.agm@hunting-intl.com lon.agm@hunting -intl.com CMD OBJECTIVE CMD OBJECTIVE CMD OBJECTIVE CMD OBJECTIVE Rationalise underperforming Medium-term conversion of 50% Medium-term EBITDA margin of Increase profitability and cash businesses and streamline
Slide 13: Strategic steps to deliver 2030 target EBITDA
Strategic steps to deliver 2030 target EBITDA lon.agm@hunting-intl.com lon.agm@hunting -intl.com Areas identified to achieve EBITDA ambition Non -Oil and Gas International growth with Titan Subsea bundling 2026 target EBITDA OCTG 2025 EBITDA New Technology 12
Slide 14: New Technology – driving new sales opportunities
New Technology – driving new sales opportunities lon.agm@hunting-intl.com lon.agm@hunting -intl.com Subsea OCTG Well Intervention Perforating Systems FIS Premium connection Opti-TEK Ballistic Release Gyroscopic Orientation technology Tubing Cutter Tool Tool FAM Opti-TEK Data Stem SEAL -LOCK and We a
Slide 15: International sales opportunities driving revenue growth
International sales opportunities driving revenue growth lon.agm@hunting-intl.com lon.agm@hunting -intl.com Hunting Titan – International sales profile 2020 - 2027e ($m) 40.0e 30.0e 22.8 18.5 14.2 10.6 8.0 20 20 2026 2027 2025 2021 2022 2023 2024 3.7 Source: Company Argentina - $m Saudi Arabia - $m
Slide 16: OCTG – further global growth planned across multiple geographies
OCTG – further global growth planned across multiple geographies lon.agm@hunting-intl.com lon.agm@hunting -intl.com Introduce TEC - LOCK into international Build out manufacturing capabilities in India, markets – as unconventional resource Malaysia and Indonesia development accelerates Build on Guya
Slide 17: Non-Oil and Gas – potential to more than double current sales
Non - Oil and Gas – potential to more than double current sales lon.agm@hunting-intl.com lon.agm@hunting -intl.com Additional $100m of sales identified within current core competencies • $25m of short -term • P&W engine shaft • Rotor shafts for • Power generation • $8m of nuclear orders opportunitie
Slide 18: Subsea bundling – multiple opportunities being captured
Su bsea bundling – multiple opportunities being captured from current portfolio lon.agm@hunting-intl.com lon.agm@hunting -intl.com Existing projects New projects Spring / FES: Sakarya, Tiber, Longtail, Venus, Geng N FES: Hammerhead New geographies New solutions Indonesia, Angola OOR with ExxonMobil
Slide 19: April order book providing visibility for 2026 and beyond
April order book providing visibility for 2026 and beyond lon.agm@hunting-intl.com lon.agm@hunting -intl.com Order book by product group – c.$ 428.8 m 23.3 79.6 33.6 182.9 • Tender pipeline remains at c.$1.0bn including OCTG, AMG and Subsea. • Subsea order book increasing as offshore projects accele
Slide 20: Summary
Summary lon.agm@hunting-intl.com lon.agm@hunting -intl.com • 2025 strong delivery of Hunting 2030 milestones - acquisitions completed, financial results improved. • EBITDA margins approaching 15% - underperforming businesses addressed and positioned for growth. • Revised capital allocations - $190m
Slide 21: Questions and Answers
PRECISION ENGINEERING STRATEGIC EXPANSION AND OPERATIONAL DELIVERY QUESTIONS AND ANSWERS lon.agm@hunting -intl.com
Slide 22: Resolutions and Proxy Votes
PRECISION ENGINEERING STRATEGIC EXPANSION AND OPERATIONAL DELIVERY RESOLUTIONS AND PROXY VOTES lon.agm@hunting -intl.com
Slide 23: Proxy votes received as at April 2026
Proxy votes received as at 1 3 April 2026 lon.agm@hunting-intl.com lon.agm@hunting -intl.com Resolution, For Against Withheld 1 To receive the 2025 Annual Report. 106,927,899 546,868 230,268 2 To approve the Annual Report on Remuneration. 103,784,041 3,489,164 431,830 3 To declare a final dividend o
Slide 24: Contact and web links
www.huntingplc.com https://www.linkedin.com/company/hunting -energy -services/ lon.agm@hunting -intl.com https://www.youtube.com/@HuntingPLC