Alumasc Group Plc · LSE:ALU
Alumasc — FY2026 Earnings Presentation
32 slides from Alumasc's earnings presentation, Jun 30, 2026
Slide 1: Annual Results to 30 June 2026
Annual Results to 30 June 2026 Resilient performance, positive start to FY27 Vijay Thakrar, Interim Executive Chair Simon Dray, Chief Financial Officer
Slide 2: Contents
Contents Introducing Alumasc 01 FY26 Highlights & Overview 02 Financial Review 03 Business Review 04 Strategic Delivery 05 Outlook 06 Appendices 07 Alumasc Roofing – Derbigum Mineral & Alumasc BluRoof – Lightbody Street, Liverpool 2
Slide 3: Introducing Alumasc
Introducing Alumasc Vijay Thakrar, Interim Executive Chair Alumasc Water Management Solutions Rainscreen Cladding System
Slide 4: Who We Are: Our Divisions
Who We Are: Our Divisions Building Products for a Sustainable Future Water Building Housebuilding Management Envelope Products Climate change resilience through Building decarbonisation/greening/ Building decarbonisation through water and stormwater management in climate resilience through premium p
Slide 5: Sustainability driving further growth
Sustainability driving further growth Market Leadership: sustainable solutions for the built Long-Term Sustainability Growth Drivers environment, focused on • Reducing carbon footprint • Efficient management of rain and storm water • Providing biodiverse green spaces >80% of products aligned with st
Slide 6: FY26 Highlights & Overview
FY26 Highlights & Overview Vijay Thakrar, Interim Executive Chair Alumasc Water Management Solutions Gatic UltraSlot and Gatic Access Covers Moin Container Terminal, Costa Rica
Slide 7: FY26 highlights
FY26 highlights Resilient performance against a challenging market backdrop Revenue £107.1m (FY25: £113.4m) • Housebuilding Products: standout performance; revenue +16% vs FY25 • Building Envelope resilient: revenue level with record FY25 • Water Management: 4% down vs FY25 excluding CLK Airport pro
Slide 8: FY26 highlights
FY26 highlights Delivery of strategic priorities driving continued market outperformance Continued execution of strategic and commercial priorities • Management action underway in Water Management division to grow volume and margin • Investment to increase capacity and capability in Housebuilding Pr
Slide 9: Strong and experienced Executive Team
Strong and experienced Executive Team Vijay Thakrar Reorganised to provide continuity and Interim Executive Chair (joined 2019) leadership • Vijay Thakrar: assuming executive Simon Dray responsibility as Interim Executive Chair Chief Financial Officer (joined 2021) • Gilbert Jackson: DMD Building En
Slide 10: Navigating a challenging UK construction market
Navigating a challenging UK construction market Construction markets subdued UK construction output growth CPA Summer 2026 forecast, all work • 2026 forecast general market decline of 3.3%* 4.0% • Geopolitical/macroeconomic uncertainty 2.0% • Affordability concerns 0.0% • Private housing starts fell
Slide 11: Financial Review
Financial Review Simon Dray, Chief Financial Officer
Slide 12: Income statement summary
Income statement summary Year ended 30 June 2026 FY26 FY25 Change Revenue £107m (FY25: £113m) £m £m % Revenue 107.1 113.4 (5.6)% • 6% decline; broadly flat excluding CLK contribution Gross profit 39.0 43.0 • UK revenue down 2% Gross profit margin % 36.4% 37.9% • Overseas revenue excluding CLK 36% ah
Slide 13: Income statement bridge
Income statement bridge Year ended 30 June 2026 Cost increases mitigated by sales price Volume decline £8.1m (CLK £6.8m); 44% drop- through to profit Adverse mix impact partially mitigated by cost efficiencies The Alumasc Group plc *A reconciliation of underlying to statutory profit measures is show
Slide 14: Cashflow statement summary
Cashflow statement summary Year ended 30 June 2026 FY26 FY25 Change £m £m £m Operating cash conversion** 103% (FY25: 106%) EBITDA from continuing operations* 15.9 19.7 (3.8) • £3.6m outflow into working capital Change in working capital (3.6) (1.9) (1.7) • Inventory investment to mitigate Middle Eas
Slide 15: Balance sheet summary
Balance sheet summary at 30 June 2026 FY26 FY25 Change Returns continuing to generate shareholder value £m £m £m • ROI 16% vs WACC c.13% Property, plant & equipment 23.3 22.6 0.7 Intangible assets 18.1 18.7 (0.6) Significant capacity for investment • June 2026 EBITDA leverage 0.5x (June 25: 0.35x) W
Slide 16: Business Review
Business Review Simon Dray, Chief Financial Officer Alumasc Roofing Derbigum – Grove Wood Primary School, Essex
Slide 17: Water Management
Water Management Continuing operations FY26 FY25 Revenue (£m) 46.6 55.5 Underlying* operating profit (£m) 3.3 8.0 Underlying* operating margin (%) 7.0% 14.5% Operating profit (£m) 2.5 6.1 Disappointing performance in challenging market conditions • Revenue declined £8.9m • £6.8m lower revenue from C
Slide 18: Building Envelope
Building Envelope Continuing operations FY26 FY25 Revenue (£m) 41.8 41.8 Underlying* operating profit (£m) 4.9 5.3 Underlying* operating margin (%) 11.6% 12.7% Operating profit (£m) 4.9 5.3 Resilient performance • Navigated supply chain and project demand volatility well • Revenues level with record
Slide 19: Housebuilding Products
Housebuilding Products Continuing operations FY26 FY25 Revenue (£m) 18.7 16.1 Underlying* operating profit (£m) 4.7 4.2 Underlying* operating margin (%) 25.1% 26.0% Operating profit (£m) 4.7 4.2 Standout performance despite low housebuilder volumes • Revenue +16%, underlying operating profit +12% •
Slide 20: Strategic Delivery
Strategic Delivery Vijay Thakrar, Interim Executive Chair Simon Dray, Chief Financial Officer Alumasc Water Management Solutions Gatic UltraSlot Bogotá El Dorado International Airport Columbia
Slide 21: Strategic Pillars
Strategic Pillars Championing Sustainable Accelerating Organic Sales Driving Margin Value-Accretive Investment Building Products Growth Improvement Investment supported by cash Align portfolio with strategic Outperform general UK Operating margin target 15-20% generation and strong balance g
Slide 22: Championing Sustainable Building Products
Championing Sustainable Building Products Product >80% of portfolio aligned with strategic growth markets GHG emission intensity tCO2e, scope 1, 2 and business travel/£m revenue • Building decarbonisation (construction and in use) • Water management 70 • Occupant wellbeing/urban biodiversity 60 EPD
Slide 23: Growing Revenues: Strong order book
Growing Revenues: Strong order book Strong order book evidencing latent demand Order book At 30 June • June 2026 49% higher vs June 2025 12.8 • CLK Airport project reaching conclusion 10.5 9.0 6.9 7.7 8.3 8.3 • Changi Airport project £m • £2m order won December 25 1.3 2.1 2.7 • First call-offs expec
Slide 24: Growing Revenues: £136m opportunity pipeline
Growing Revenues: £136m opportunity pipeline UK £97m Europe Robust pipeline of opportunities £4m • >75% specification-backed Middle E/ • UK supported by Government spend India Asia £23m • Defence £4m • Health Africa Americas £5m • Education £3m • Prisons • Energy generation/data centres • Transport
Slide 25: Margin Improvement
Margin Improvement Margin dilution in FY26 • £1.8m of price rises to pass through cost increases • £8.1m volume decline (£6.8m due to CLK project), at a contribution margin of 44% • £0.6m profit drag from mix, net of cost reductions Improvement expected in FY27 • Centred on Water Management division
Slide 26: Strategic Delivery: Value-Enhancing Investment
Strategic Delivery Value-Enhancing Investment Organic • Further targeted investment to support future growth • Further overseas technical sales resource added in late FY26 • £2.6m of capital expenditure • 2 new injection moulding machines at Housebuilding Products • Additional capacity and manufactu
Slide 27: Outlook
Outlook Vijay Thakrar, Interim Executive Chair Aluminium Roofline Products Cambridge Investment Partnership - Cromwell Road Trueline Bespoke Aluminium Angled Windows
Slide 28: Outlook
Outlook Positive start to FY27, despite continued challenging market Revenue in first two months 5% higher year-on-year Order intake remained strong, with August 2026 order book 56% higher than August 2025 First deliveries to Changi Airport project expected in H1 FY27 Board confident of ma
Slide 29: Thank you
Thank you www.alumasc.co.uk Alumasc Water Management Solutions Rainscreen Cladding – City North Hotel
Slide 30: Appendices
Appendices Alumasc Roofing Hydrotech MM6125 Willohaus, a 100-apartment Passivhaus Development, Salford
Slide 31: Non-underlying items
Non-underlying items Year ended 30 June 2026 FY26 FY25 Operating Profit Operating Profit Profit Before Tax Profit Before Tax £m £m £m £m Underlying profit from continuing operations 11.2 10.0 15.6 14.2 Acquired intangible asset amortisation (0.4) (0.4) (0.4) (0.4) Restructuring and other non-recurri
Slide 32: Diversified end markets
Diversified end markets Water Building Housebuilding Group Management Envelope Products >80% revenue derived % of Group revenue from environmental products >80% revenue % of Group profit supported by legislation/regulations Private vs Public Housebuilding vs Non-residential vs Commercial/infrastruct