Genuit Group Plc · LSE:GEN
Genuit — H1 2026 Earnings Presentation
28 slides from Genuit's earnings presentation, Aug 11, 2026
Slide 1: 2026 Half Year Results
2026 Half Year Results 11 August 2026
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified and this presentation contains various forward-looking statements that reflect management’s current views with respect to future events and financial and operational performance. The words “growing”, “scope
Slide 3: Agenda HY26
Agenda HY26 Joe Vorih CEO 1 Introduction Tim Pullen CFO 2 Financial Update 3 Strategic Progress & Outlook 4 Q&A
Slide 4: Taking action to navigate challenging market conditions
Taking action to navigate challenging market conditions Challenging trading Decisive management Outlook environment actions ▪ FY expectations unchanged, ▪ Subdued market ▪ Balanced cost and price with H2 margin improving demand resulting in action sequentially lower volumes ▪ Business simplification
Slide 5: Financial Results
Tim Pullen, CFO Financial Results
Slide 6: Financial Highlights
Financial Highlights Cash Revenue EBIT EBIT Margin Conversion DPS Leverage £307.8m £43.9m 14.3% 71.3% 4.2p 1.6x Up Down Down Up Within 3.4% 1.6% 70 bps 620 bps Held 1 -2x In line with Acquisitions Challenging Resilient Expected expectations more than offset trading In line with policy performance se
Slide 7: Summary P&L
Summary P&L £m H1 2026 H1 2025 Change ▪ Half-year revenue like-for-like basis decreased by Revenue 307.8 297.8 3.4% 4.8% : Cost of sales (173.5) (167.1) 3.8% ▪ Weak business and consumer confidence Gross profit 134.3 130.7 2.8% ▪ Middle East conflict from March Gross margin 43.6% 43.9% (30) bps ▪ We
Slide 8: Financial Results: Revenue
Financial Results: Revenue Group Revenue H1 2026 Revenue Breakdown 0.3% 10.2% £m 32.7% H1 29.1% 307.8 2026 26.7% 70.6% H1 30.4% 297.8 2025 UK New Build UK RMI Water Division Climate Division UK Non-Housing * International Other * Non-Housing primarily consists of commercial, infrastructure, and publ
Slide 9: Financial Results: Profit
Financial Results: Profit Group Underlying Operating Profit and Margin ▪ Underlying operating profit £43.9m, a decrease of 1.6% on a reported basis (13.5% reduction like-for-like) £m 17.5 ▪ Drivers of the lower underlying operating profit: H1 2026 14.3% 43.9 ▪ Lower trading volumes ▪ Impact of cost
Slide 10: Financial Results: Divisional Overview Half Year 2026
Financial Results Divisional Overview Half Year 2026 Revenue (£m) Underlying Operating Profit (£m) 13.7% 8.5 307.8 -0.6 15.9% 2.1 44.6 0.3 43.9 297.8 2.4 -3.4 15.0% 14.3% H1 2025 Climate Water Other * H1 2026 H1 2025 Climate Water Other * H1 2026 * Other- relates to Polydeck Limited which, due to it
Slide 11: Financial Results: Climate Division
Financial Results: Climate Division £m ▪ Revenue 2.4% higher YoY (8.1% lower on a like-for- like basis): H1 9.7% 8.7 ▪ Resilience in commercial and residential 2026 89.7 ventilation ▪ Subdued heating market H1 13.8% 12.1 2025 87.6 ▪ Underlying operating margin 420 basis points lower than 2025, impac
Slide 12: Financial Results: Water Division
Financial Results: Water Division ▪ Revenue 4.1% higher YoY (3.3% lower on a like-for- £m like basis) H1 16.2% 35.1 ▪ Subdued residential markets 2026 217.3 ▪ Project delays in civils and infrastructure H1 15.7% 32.7 ▪ Underlying operating profit increased 7.3% with 2025 208.8 margin at 16.2% (flat
Slide 13: Financial Results: Non-Underlying Items
Financial Results: Non-Underlying Items £m H1 2026 H1 2025 ▪ £9.0m non-cash non-underlying Non-underlying items: items before tax Amortisation of intangible assets (6.9) (7.1) ▪ £4.0m investment in multi-year IT IT Systems and transformation costs (4.0) (0.2) Restructuring costs (3.9) (0.6) systems
Slide 14: Financial Results: Cash Flow
Financial Results: Cash Flow £m H1 2026 H1 2025 Change Cash EBITDA (before non-underlying items) 59.9 59.4 0.5 ▪ 71.3% cash conversion (H1 2025: 65.1%) Capex (10.8) (12.1) 1.3 Leases (5.4) (3.9) (1.5) Working capital (17.1) (20.7) 3.6 ▪ Continued focus on working capital Underlying cash generated fr
Slide 15: Financial Results: Capital Allocation
Financial Results: Capital Allocation Maximising value through efficient capital deployment Investment in innovation, ▪ Continued investment in our Organic efficiency and sustainability investment to deliver future growth businesses ▪ Optionality for further strategic bolt- Filling portfolio gaps an
Slide 16: Strategic Progress & Outlook
Joe Vorih, CEO Strategic Progress & Outlook
Slide 17: Our purpose: Together, we create sustainable living
Our purpose Together, we create sustainable living
Slide 18: Our Sustainable Solutions for Growth strategy
Our Sustainable Solutions for Growth strategy Growth Sustainability Focusing on higher-growth, Providing the lowest-carbon sustainability-driven markets, choice for our customers to through organic growth and maximise exposure to disciplined M&A opportunities structural growth drivers Genuit People
Slide 19: Genuit is well placed to benefit from regulatory tailwinds
Genuit is well placed to benefit from regulatory tailwinds NEW HOMES EXISTING HOUSING STOCK INFRASTRUCTURE AND EDUCATION Social and Affordable Homes Awaab’s Law Phase 1 AMP8 – April 2025 Social Landlords (Damp/Mould) Start of 5-year cycle, £104bn spend on infrastructure Plan – February 2026 Beginnin
Slide 20: Growth case study: Water
Growth case study: Water Quote bank up Following the increase in demand from £7m AMP8 funded projects, the Group’s AMP8 project quote bank is up £7m in the last 12 months, to £9m in the past 12 Polypipe is also delivering its first AMP8 projects to Yorkshire Water months
Slide 21: Growth case study: Climate
Growth case study: Climate Following an increase in demand from CF25 projects, Monodraught’s overall order intake has exceeded £2m per month, ahead of expectation Monodraught and Nuaire controls integration now commercially available, with first two orders secured for new schools Orders up 24% on pr
Slide 22: Case study: GBS
Case study: GBS Increasing capacity to support growth Monodraught reduced the production area needed to manufacture one of its key products, and improved productivity by 28% by using the GBS tool 3P (Production Productivity gains: Preparation Process). Increased capacity by The result: ▪ Reduced flo
Slide 23: Increasing evidence of sustainability leading to commercial advantage
Increasing evidence of sustainability leading to commercial advantage Genuit’s EPDs* on the One Click LCA** from added to platform, have driven high engagement 3,194 353 688 in the past six months views end users projects In 2025, 64% of the time was the 57% EPD Revenue coverage and Genuit had lowes
Slide 24: Investing in our people
Investing in our people c.20% of employees are in Earn and Learn programmes No. of employees in Earn and Learn up 16.5pps between 2022 - 2026
Slide 25: M&A – Substantive Progress
M&A – Substantive Progress CLIMATE DIVISION WATER DIVISION ▪ Revenue synergy opportunity now believed ▪ Cost synergies on track, with further to be greater than business case opportunities identified and being accessed ahead of business case ▪ Technology transfer in progress with EC-Link and further
Slide 26: Outlook
Outlook ▪ Challenging market conditions are expected for remainder of the year ▪ Ongoing Middle East conflict ▪ Current UK political and economic circumstances ▪ Underlying operating margins will benefit in the second half from ▪ Balanced cost and price management ▪ Non-recurrence of Adey’s operatio
Slide 27: Our Investment Case
Our Investment Case Delivering compound earnings growth from sustainability-driven growth markets Operating in built Differentiated, Leading positions Significant margin Opportunity to Highly cash- environment innovative, low - across diverse expansion potential, expand solution generative business
Slide 28: Thank you
Thank you 11 August 2026