Slide 1: Double-Digit EPS Growth Momentum and Significant Value Growth Opportunity Ahead
DOUBLE-DIGIT EPS GROWTH MOMENTUM AND SIGNIFICANT VALUE GROWTH OPPORTUNITY AHEAD 2025 FULL YEAR RESULTS PRESENTATION 3 March 2026 1
Slide 2: Key Take Aways
KEY TAKE AWAYS 2025 PERFORMANCE 3 YEAR PERFORMANCE 23-25 STRONG 26 EXPECTED Mid-single Further 4.3% Revenue +90bps Margin 6.0% Average +240bps Margin Digit LFL Margin Growth1 Improvement1 Revenue Growth1 Progression1 Revenue Progression Growth 10.1% 110% Cash 12.1% Average 3 Year Free Strong Cash Co
Slide 3: Performance Highlights, Financial Results Review, Business Lines, AAA Strategy
01 02 03 04 05 Performance FY25 Financial Business Lines AAA Strategy 2026 Highlights Results Review for Growth and Beyond 3
Slide 4: Strong Performance in 2025
STRONG PERFORMANCE IN 2025 FY25 FY24 YoY (Actual rates) YoY (Constant rates) Robust revenue growth £3,431.6m £3,393.2m 1.1% 4.3% Like-for-like revenue £3,416.3m £3,391.8m 0.7% 3.9% Excellent margin1 progression 18.1% 17.4% 70bps 90bps Operating profit1 £619.6m £590.1m 5.0% 9.3% Double digit EPS gro
Slide 5: Robust LFL Growth Performance
ROBUST LFL GROWTH PERFORMANCE 2025 LFL growth1 3-Year Average LFL growth1 by division (23-25) 7.9% 6.8% 6.3% 5.8% 5.2% 5.1% 5.5% 4.7% 4.8% 3.9% 2.4% (1.3%) Consumer Corporate Health & Industry & World of Group Products Assurance Safety Infrastructure Energy Consumer Corporate Health & Industry & Wor
Slide 6: Acquisitions in High Growth and High Margin Sectors Performing Well
ACQUISITIONS IN HIGH GROWTH AND HIGH MARGIN SECTORS PERFORMING WELL Brazil USA N. America Brazil Australia Costa Rica USA April 2023 August 2023 March 2024 May 2025 September 2025 Nov 2025 Nov 2025 Building & Building & Health & Safety People Assurance Minerals Health & Safety Health & Safety Constr
Slide 7: Superior Customer Service with Premium ATIC Offering
SUPERIOR CUSTOMER SERVICE WITH PREMIUM ATIC OFFERING ATIC REVENUE (£M)1 RESEARCH & DEVELOPMENT £3,432m £3,193m RAW 9% CONSUMER MATERIALS 9% MANAGEMENT SOURCING 24% 25% SYSTEMIC ATIC APPROACH TO QUALITY, SAFETY & SUSTAINABILITY 46% 45% DISTRIBUTION COMPONENT & RETAIL SUPPLIERS CHANNELS 20% 22% FY22 F
Slide 8: Broad Based Revenue Growth by Region
BROAD BASED REVENUE GROWTH BY REGION FY 22 revenue FY 25 revenue 2023 - 2025 Average Region Revenue 35.8% 37.8% 35.3% 37.3% Growth1 Americas 5.2% 26.4% 27.3% EMEA 6.4% APAC 6.6% Total 6.0% Note: (1) At constant currency 8
Slide 9: Consistent Mid-Single Digit LFL Performance in China
CONSISTENT MID-SINGLE DIGIT LFL PERFORMANCE IN CHINA INDUSTRY LEADER SINCE 1973 Since 1973, 100+ offices and laboratories, covering more than 40 cities and offering industry-leading technical expertise Shanghai INTERTEK LFL1 REVENUE 23-25 2023 2024 2025 Hong Kong Taiwan Average Guangzhou Shenzhen 4.
Slide 10: Excellent Margin Performance
EXCELLENT MARGIN PERFORMANCE Adjusted Operating Margin 18.5% + 18.1% 17.4% 16.6% 16.3% 2022 2023 2024 2025 Target 3-Year Average Adj. Operating Margin1 2025 Adj. Operating Margin1 change2 change2 23-25 250bps 110bps 170bps 90bps 90bps 80bps 80bps 60bps (40bps) (90bps) 10bps (140bps) Group Consumer C
Slide 11: Performance Highlights, Financial Results Review, Business Lines, AAA Strategy
01 02 03 04 05 Performance FY25 Financial Business Lines AAA Strategy 2026 Highlights Results Review for Growth and Beyond 11
Slide 12: Key P&L Financials
KEY P&L FINANCIALS YoY YoY FY 2025 (Actual rates) (Constant rates) Revenue £3,431.6m 1.1% 4.3% Like-for-like revenue £3,416.3m 0.7% 3.9% Operating Profit1 £619.6m 5.0% 9.3% Operating Margin1 18.1% 70bps 90bps EPS¹ 253.5p 5.4% 10.1% Note: (1) Before separately disclosed items 12
Slide 13: Cash Flow & Net Debt
CASH FLOW & NET DEBT £m @ actual exchange rates FY 2025 FY 2024 Adjusted operating profit1 619.6 590.1 Depreciation/amortisation 167.0 161.7 YoY Change in working capital (42.9) 16.9 Other2 18.6 20.5 Adjusted cash flow from operations 762.3 789.2 Capex (144.5) (135.0) Income taxes paid (134.5) (126.
Slide 14: Financial Guidance
FINANCIAL GUIDANCE FY 2026 Guidance Net finance cost1 £71-72m Effective tax rate1 25.5% - 26.5% Minority interest £21-22m Diluted shares (as at 31 December 2025) 159.0 Capex £150-160m Financial Net Debt¹ £930-980m Note: (1) Guidance pre share buyback and before any material change in FX rates and an
Slide 15: Performance Highlights, Financial Results Review, Business Lines, AAA Strategy
01 02 03 04 05 Performance FY25 Financial Business Lines AAA Strategy 2026 Highlights Results Review for Growth and Beyond 15
Slide 16: 6.3% LFL Growth in Consumer Products
6.3% LFL GROWTH IN CONSUMER PRODUCTS Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 958.8 983.4 957.4 983.4 30.4 268.7 299.3 28.0 24 25 24 25 24 25 24 25 6.2% CCR 6.3% CCR 16.0% CCR 250bps CCR 2.6% 2.7% 11.4% 240bps FY 24 Actual LFL FY 25 Actual LFL Growth Drive
Slide 17: 6.8% LFL Growth in Corporate Assurance
6.8% LFL GROWTH IN CORPORATE ASSURANCE Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 496.3 514.0 496.3 514.0 117.1 116.3 23.6 22.6 24 25 24 25 24 25 24 25 6.8% CCR 6.8% CCR 3.0% CCR (90bps) CCR 3.6% 3.6% (0.8%) (100bps) FY 24 Actual LFL FY 25 Actual LFL Growth
Slide 18: 2.4% LFL Growth in Health and Safety
2.4% LFL GROWTH IN HEALTH AND SAFETY Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 337.2 347.1 337.2 46.0 13.6 13.0 336.8 45.2 24 25 24 25 24 25 24 25 5.5% CCR 2.4% CCR 2.3% CCR (40bps) CCR 2.9% (0.1%) (1.7%) (60bps) FY 24 Actual LFL FY 25 Actual LFL Growth Dri
Slide 19: 4.7% LFL Growth in Industry and Infrastructure
4.7% LFL GROWTH IN INDUSTRY AND INFRASTRUCTURE Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 11.1 843.6 853.1 80.7 95.4 9.6 843.6 858.1 24 25 24 25 24 25 24 25 5.3% CCR 4.7% CCR 24.1% CCR 170bps CCR 1.7% 1.1% 18.2% 150bps FY 24 Actual LFL FY 25 Actual LFL Growt
Slide 20: LFL Performance Below Last Year in World of Energy
LFL PERFORMANCE BELOW LAST YEAR IN WORLD OF ENERGY Revenue (£m) Like-for-like Revenue (£m) Operating Profit1 (£m) Operating Margin1 (%) 10.2 757.3 757.3 77.5 63.4 8.7 729.0 729.0 24 25 24 25 24 25 24 25 (1.3%) CCR (1.3%) CCR (15.0%) CCR (140bps) CCR (3.7%) (3.7%) (18.2%) (150bps) FY 24 Actual LFL FY
Slide 21: Performance Highlights, Financial Results Review, Business Lines, AAA Strategy
01 02 03 04 05 Performance FY25 Financial Business Lines AAA Strategy 2026 Highlights Results Review for Growth and Beyond 21
Slide 22: AAA Differentiated Strategy for Growth
AAA DIFFERENTIATED STRATEGY FOR GROWTH SETTING THE STANDARD FOR COMPOUNDING VALUE Customers Be the most trusted TQA partner Shareholders Employees Sustainable growth Employer of choice and value every day Being the best for every stakeholder. Community All the time. Sustainability excellence everywh
Slide 23: Quality Growth. Assured.
1 AAA STRATEGY STRATEGY QUALITY GROWTH. ASSURED. We drive durable, through-cycle growth by Excellence engineered building trust with clients, scaling innovation and across digital Assurance, platforms, operating Testing, in structurally attractive markets, expanding margins through Inspection, disci
Slide 24: The Premium Leader in Risk-Based Quality Assurance
THE PREMIUM LEADER IN RISK-BASED QUALITY ASSURANCE Formally confirming that our customers’ products and services meet all trusted external and internal standards. SUPERIOR ATIC CUSTOMER SERVICE WITH PRECISION, PACE AND PASSION 24
Slide 25: Premium ATIC Offering in Softlines: T-Shirt Example
PREMIUM ATIC OFFERING IN SOFTLINES T-SHIRT EXAMPLE SUPPLY PRODUCTION DISTRIBUTION RETAIL TIER 3 TIER 2 TIER 1 3rd PARTY OWNED TRANSPORTATION DISTRIBUTION CENTRE INSTORE ONLINE CONSUMER MRSL and Wastewater, Sludge, PFAS Testing Global Organic Textile Standard Sustainable Chemical Management Raw mater
Slide 26: Premium ATIC Offering in Building & Construction: Data Centres Example
PREMIUM ATIC OFFERING IN BUILDING & CONSTRUCTION DATA CENTRES EXAMPLE SITE SELECTION & DESIGN BUILDING CONSTRUCTION INFRASTRUCTURE BUILD OUT OPERATIONAL LIFE & DECOMMISSIONING Due Global Materials Due Enclosure Operation Property Industrial Specialty Core HVAC System Decommissioning Diligence Market
Slide 27: Premium ATIC Offering in Electrical: Batteries Example
PREMIUM ATIC OFFERING IN ELECTRICAL BATTERIES EXAMPLE SITE SELECTION & BUILDING Pre-Product RAW MATERIALS &TRADE PRODUCT MANUFACTURING POST PRODUCTION RECYCLE -REUSE CONSTRUCTION MANUFACTURING Exploration of Minerals Support trade of the Minerals Facility location Manufacturing Regulatory Grid/Renew
Slide 28: Premium ATIC Offering in Caleb Brett: Liquified Natural Gas Example
PREMIUM ATIC OFFERING IN CALEB BRETT LIQUIFIED NATURAL GAS EXAMPLE PRODUCT MANUFACTURING & PROPERTY MANAGEMENT & SITE SELECTION & DESIGN BUILDING CONSTRUCTION INFRASTRUCTURE BUILDOUT DECOMMISSIONING Concrete Field Property 3D Laser System Consulting Safety Indoor Air Asset Site Analysis Strength Lab
Slide 29: A Proven Growth Model Based on Trust and Performance
A PROVEN GROWTH MODEL BASED ON TRUST AND PERFORMANCE TRACK RECORD OF DOUBLE DIGIT COMPOUND EARNINGS GROWTH EPS1 performance (GBP) 254 241 223 212 211 192 198 191 168 171 139 141 131 132 107 82 89 62 43 50 33 37 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21
Slide 30: Attractive Growth in the $350bn Global Quality Assurance Market
ATTRACTIVE GROWTH IN THE $350BN GLOBAL QUALITY ASSURANCE MARKET Existing Customers: Increase account penetration $90bn $75bn ATIC cross selling Currently New Customers: outsourced New contracts Existing & New Customers: Outsourcing $225bn $260bn Currently in-house Untapped potential New Quality, Saf
Slide 31: Attractive Secular Tailwinds
ATTRACTIVE SECULAR TAILWINDS Tightening Supply chain Energy transition global standards complexity and and electrification risk management Rapid innovation Rising consumer Digitisation and and shorter expectations and SKU data-driven assurance product cycles proliferation INDEPENDENT ASSURANCE-GRADE
Slide 32: A High-Quality Portfolio Poised for Global Growth
A HIGH-QUALITY PORTFOLIO POISED FOR GLOBAL GROWTH Industry and Consumer Products Corporate Assurance Health and Safety World of Energy Infrastructure Better, safer and more Sustainable businesses + more Healthier, safer and Better, safer and greener Better and greener fuels sustainable products resi
Slide 33: Strong and Sustainable Margin Progression
STRONG AND SUSTAINABLE MARGIN PROGRESSION Margin building blocks underpinning 18.5%+ medium term margin target Portfolio Mix Operating Fixed Cost Productivity Accretive Investments in and Pricing Leverage Reduction Improvements Investments Capability Group Operating Margin* % 18.1% 18.5%+ 17.2% 17.5
Slide 34: Strong & Sustainable Progress on Cash Generation and Returns
STRONG & SUSTAINABLE PROGRESS ON CASH GENERATION AND RETURNS Forecast Collectable Pool Daily / Weekly Credit Terms Billing & Targets Monitoring Output • Standard terms – • Accuracy/ timeliness • Daily targets are set • MonthWeekly • Collections trackers exception by of Billing by collector based on
Slide 35: The Premium Leader in Quality Assurance
THE PREMIUM LEADER IN QUALITY ASSURANCE Best-in-class Productivity 10.6 9.6 100.5 86.8 8.5 81.8 8.2 9.0 8.9 Intertek Peer 1 Peer 2 Intertek Peer 2 Peer 1 Intertek Peer 1 Peer 2 FY25 Revenue/Headcount (US$ ‘000) FY25 Profit After Tax /Headcount (US$ ‘000) FY25 FCF1/Headcount (US$ ‘000) Industry Leadi
Slide 36: Accretive Capital Allocation Framework
ACCRETIVE CAPITAL ALLOCATION FRAMEWORK DISCIPINED, BALANCED AND CLEAR 1. 2. Organic Investment Shareholder Returns Capex and working capital to support Progressive dividends with a c.65 % growth (target 4-5% of revenue) payout ratio target. £1.25bn invested between 2015-2025 2015-2025 dividend CAGR
Slide 37: High-Quality Cash Compounder Earnings Model
HIGH-QUALITY CASH COMPOUNDER EARNINGS MODEL Revenue (£m) +£1.3bn 3,432 2,166 FY 15 2015 FY 25 2025 MSD LFL OP Margin % Excellent ROIC revenue growth +220bps 21.3% 18.1% 16.9% 15.9% Investments in high- FY 15 FY 25 growth and high- margin sectors Quality Growth. Margin target of 18.5%+ FY 15 2015 202
Slide 38: Enduring Competitive Advantages
ENDURING COMPETITIVE ADVANTAGES QUALITY GROWTH. ASSURED. High quality portfolio Premium leader in High quality cash with leading scale Quality Assurance with compounder earnings positions in attractive a superior ATIC offering model underpinned by industries poised for giving us the trust of our dis
Slide 39: Performance Highlights, Financial Results Review, Business Lines, AAA Strategy
01 02 03 04 05 Performance FY25 Financial Business Lines AAA Strategy 2026 Highlights Results Review for Growth and Beyond 39
Slide 40: AAA Strategy Delivering Quality Growth
AAA STRATEGY DELIVERING QUALITY GROWTH 2023-2025 PERIOD QUALITY REVENUE GROWTH1 ON TRACK STRONG MARGIN ACCRETION1 AHEAD OF TARGET Division LFL Revenue Growth Consumer Products Mid-single digit 4.8%2 • 6.0% CAGR • 11.1% average Operating Profit growth • 5.2% LFL CAGR Corporate Assurance High-single d
Slide 41: Well Positioned to Deliver a Strong 2026
WELL POSITIONED TO DELIVER A STRONG 2026 STRONG MOMENTUM IN 2025 STRONG 2026 EXPECTED 2025 Revenue Growth CCY 4.3% 4.7% MSD LFL Revenue Growth1 4.2% 4.1% • Consumer Products: MSD Q1-25 Q2-25 Q3-25 Q4-25 • Corporate Assurance: HSD • Health and Safety: LSD • Industry and Infrastructure: MSD Operating
Slide 42: Significant Value Growth Opportunity Ahead
SIGNIFICANT VALUE GROWTH OPPORTUNITY AHEAD MEDIUM TERM GUIDANCE QUALITY REVENUE GROWTH1 CONTINUED MARGIN ACCRETION Division Medium-to long-term LFL growth outlook • Systemic performance management to delivering continuous • MSD LFL revenue growth Consumer Products Mid-single digit margin accretive r
Slide 43: Quality Growth. Assured.
QUALITY GROWTH. ASSURED. Higher demand for Committed to Strong cash our ATIC solutions delivering 18.5%+ generation to support creating exciting margin, capitalising on our investments in organic and inorganic our proven disciplined growth and deliver growth opportunities performance AAA returns to
Slide 44: Intertek: Total Quality. Assured.
ntertek Total Quality. Assured.