Slide 1: Strong first half performance
A global leader in fluid and motion control Strong first half performance 2026 Half 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: Strong first half performance
A global leader in fluid and motion control Strong first half performance 2026 Half Year Results Roy Twite – Chief Executive Officer Luke Grant – Chief Financial Officer
Slide 4: Consistent execution delivers a strong first half performance
Consistent execution delivers a strong first half performance • 5% organic revenue growth, 8% organic adjusted operating profit growth • £78m of Growth Hub orders, up 22% • Adjusted operating cash flow up 32%, free cash flow materially higher • Over £300m returned to shareholders in the first half,
Slide 5: Growth strategy has delivered 10% EPS CAGR
Growth strategy has delivered 10% EPS CAGR +10% CAGR 132.3 p 122.5p 116.8 p 105.5 p 92 .0p 79.7 p 73.2 p Growth strategy launched 2019 2020 2021 2022 2023 2024 2025 Adjusted basic EPS 5
Slide 6: Business Review
Business Review Luke Grant - Chief Financial Officer 6
Slide 7: Delivering our financial framework
Delivering our financial framework Revenue Adjusted operating profit Adjusted operating margin £1,159m +5% organic £217m +8% organic 18.7% +50bps 2025 H1: £1,091m 2025 H1: £198m 2025 H1: 18.2% Adjusted basic EPS Cash conversion Interim dividend per share 63.4p +13% 96% +10% 2025 H1: 56.1p 2025 H1: 8
Slide 8: One IMI operating model delivering organic growth
One IMI operating model delivering organic growth Revenue (£m) Adjusted operating profit (£m) +5% organic +8% organic 18.7% 56 17 12 2 18.2% 1,159 217 1,091 198 H1 2025 FX Organic H1 2026 H1 2025 FX Organic H1 2026 8
Slide 9: Expect further margin progression over time
Expect further margin progression over time Organic growth Organic growth Aftermarket focus Aftermarket focus Complexity reduction ~30% drop - through 1 20%+ 20.0% 14.2% 2019 2025 Target Delivering a 580bps expansion in margins whilst making significant investments for growth 9 1 Drop - through: inc
Slide 10: Continued organic growth and margin improvement
Continued organic growth and margin improvement £m 2026 H1 2025 H1 Growth Organic 1 Revenue 1,159 1,091 +6% +5% • Organic revenue growth of 5% Adjusted operating costs (941.9) (892.9) • Organic adjusted operating profit up 8% Adjusted operating profit 217.1 198.1 +10% +8% • Adjusted operating margin
Slide 11: Broad based organic growth
Broad based organic growth Automation Revenue 2026 H1 2025 H1 Growth Organic 1 Process Automation £473m £446m +6% +5% • Strong performance in Process Industrial Automation £259m £245m +6% +5% Automation, order book up 10% and Total Revenue £732m £691m +6% +5% Aftermarket organic order intake up 7% A
Slide 12: Significant increase in cash flow generation
Significant increase in cash flow generation £m 2026 H1 2025 H1 Adjusted EBITDA 266 242 Inventory (31) (13) • Adjusted operating cash flow up 32% Debtors (23) (32) Creditors 46 3 • Free cash flow materially higher Working capital (8) (42) • Good working capital management Capital expenditure (38) (3
Slide 13: Disciplined capital allocation delivering returns
Disciplined capital allocation delivering returns Value creation priorities Free Freecash cashflow flowper pershare (£) share 11 Investing for growth 1 +90% Organic growth 116.2p 2 101.6p Dividend 90.3p 3 Bolt - on acquisitions 61.0p World class facilities opened 4 Growth Hub Share buybacks Data and
Slide 14: Outlook: Full year guidance reconfirmed
Outlook: Full year guidance reconfirmed • On track to deliver our sixth consecutive year of mid - single digit organic revenue growth in 2026 • 2026 full year adjusted basic EPS is expected to be between 136p – 142p ◦ Adjusted operating margin flat to slightly up, strong operating leverage offset by
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 Enduring growth themes Energy Global leader in fluid and motion control Bespoke, high - performance solutions Automation Mission critical to end customer outcomes Significant high - margin aftermarket exposure Healthcare Underpinned by One IMI operating
Slide 18: Growth underpinned by energy demand and efficiency
Growth underpinned by energy demand and efficiency Power Nuclear LNG Data centres Key supplier to turbine OEMs Significant project wins Liquefaction and regasification Growing exposure £64m New Construction, up 100% 1 £51m New Construction £53m New Construction, up 67% 1 £18m orders in first half Cu
Slide 19: Growing exposure to high-quality aftermarket
Growing exposure to high - quality aftermarket Increasing IMI’s exposure Process Automation Continuous Improvement Aftermarket content 1 Aftermarket order intake (£m) Retrofit3D +11% CAGR 658 2014 2025 561 601 458 c. 35% c. 45% 391 384 Strategic focus 2020 2021 2022 2023 2024 2025 Accelerated by AI
Slide 20: Financial framework compounds earnings growth
Financial framework compounds earnings growth 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 2021 -
Slide 21: One IMI: powered by our people
One IMI: powered by our people One IMI Big Team Way Day 2026 Significant increase in productivity since 2019 Value added per employee (£k) 1 +30% 101.4 94.6 96.5 86.8 83.1 83.5 77.9 Over 10,000 people solving real customer problems 2019 2020 2021 2022 2023 2024 2025 Performance culture underpins the
Slide 22: Key messages
Key messages Strong first half performance On track to deliver sixth consecutive year of mid - single digit organic revenue growth Full year guidance reconfirmed 22
Slide 23: Q&A
Q&A Omi
Slide 24: Appendices
Appendices Omi
Slide 25: Foreign exchange
Foreign exchange 2026 H1 2025 H1 Change Ready reckoner for translation impact of Average rates movement in FX rates on 2025 FY Euro 1.15 1.19 - 3% performance US Dollar 1.34 1.30 +3% Sensitivity to +/ - Adjusted Jun 2026 Jun 2025 Change Revenue 1 cent move in: operating profit Closing rates Euro +/