Slide 1: H1 2026 Results
30 JULY 2026 H1 2026 RESULTS
Slide 2: Disclaimer
DISCLAIMER This document is for information purposes only and does not constitute an offer to sell, exchange or buy, or an invitation to make offers to sell, exchange or buy, securities issued by any of the companies mentioned. This financial information has been prepared in accordance with internat
Slide 3: On the call today
ON THE CALL TODAY Eloi Planes Jaime Ramírez Xavier Tintoré Juan Graham Executive Chairman CEO Current CFSO Incoming CFSO 3 |
Slide 4: Key messages
KEY MESSAGES • Strong H1 performance – customer focus and consistent execution − Growing the business, outperforming the market – sales up 5%, Adjusted EBITDA up 6% YoY(1) − Outstanding Q2 - positive volume, price, disciplined cost control − Strong cash generation driving continued deleveraging • Un
Slide 5: Strong H1 performance with sales and EBITDA growth
STRONG H1 PERFORMANCE WITH SALES AND EBITDA GROWTH Sales (€M) Adj. EBITDA (€M) and margin (%) 1,258 +4.9%(1) 321 +5.7%(1) 1,227 314 • 5% sales growth at constant FX, ahead of market − Strong and resilient aftermarket, and relentless customer focus 25.6% 25.5% 2025 2026 2025 2026 • Adjusted EBITDA ma
Slide 6: Sales growth in line with expectations with price and volume contribution
SALES GROWTH IN LINE WITH EXPECTATIONS WITH PRICE AND VOLUME CONTRIBUTION % of YoY % growth at Sales Group’s const. FX & perimeter sales 35 1,258 Q2 2026 YTD 2026 YTD 2026 Southern Europe 9% 8% 31% 1,227 (28) 18 6 Rest of Europe (1%) 1% 14% North America 3% 4% 41% Rest of the World (0%) 3% 13% (2%)
Slide 7: Delivering on our strategy
DELIVERING ON OUR STRATEGY Accelerate Foster Enhance growth competitive operational differentiation excellence • Aiper growing strongly, in line • Driving growth with SaaS - • Actions taken to navigate higher with plan(1) PoolTrackr live in US and inflation Australia • Sales up 21% YoY in H1 • Effic
Slide 8: Strong H1 performance with sales growth and cost control
STRONG H1 PERFORMANCE WITH SALES GROWTH AND COST CONTROL Evol. • Sales up 5% YoY on constant rate, in line with Evol. YTD results €M 2025 % Sales 2026 % Sales Const expectations 26/25 FX Sales 1,227 100% 1,258 100% 2.6% 4.9% • Gross margin stable YoY, with inflation and negative mix effects offset b
Slide 9: Good progress in deleveraging
GOOD PROGRESS IN DELEVERAGING Cash flow (abridged) and net debt YTD €M 2025 2026 Evol. 26/25 Adjusted EBITDA 314 321 8 • Leverage ratio improved 0.1x vs prior Net interest paid (29) (30) (1) year Corporate income tax paid (38) (36) 2 Operating working capital (205) (147) 58 • CF from operating activ
Slide 10: Summary
SUMMARY • Strong H1 performance – growing with our customers, in line with expectations despite macroeconomic headwinds • Continuing to expand our leading market position • Aftermarket growth • Growth in North America and Europe • FY 2026 guidance unchanged: Guidance for FY 2026 (at constant FX) Sal
Slide 11: Appendix
APPENDIX = —————— —_ —— Bee SIO RA
Slide 12: Why Fluidra wins
WHY FLUIDRA WINS Global leader in a structurally attractive industry, with long-term growth underpinned by resilient aftermarket 1 #1 player with unique footprint and broadest product offering. Focus on operational excellence 2 Leaders in customer-centric innovation, connectivity and sustainable poo
Slide 13: Innovation - a key lever to win in the market
INNOVATION - A KEY LEVER TO WIN IN THE MARKET Step-change innovation for a next-gen customer experience Jandy - Edge Astralpool - Cellguard Automation Salt-water chlorinator Drop-in upgrades for the aftermarket Jandy - Service Light Jandy - Echo Jandy - SpeedSet+ Lights Cartridge filter Variable-spe
Slide 14: Ready for our next phase of development
READY FOR OUR NEXT PHASE OF DEVELOPMENT 2007-2017 2018-2025 Future POST IPO – PRE-MERGER POST MERGER – TODAY NEXT PHASE OF GROWTH • Mostly European focused, with • #1 player worldwide, with • Reinforcing leadership and marginal presence in the US and diversified presence growing in high potential mo
Slide 15: Medium-term financial objectives
MEDIUM-TERM FINANCIAL OBJECTIVES +4% New Build growth Medium-term targets Market Installed base growth to growth +6% +8% Annual Avg. Ticket on Equipment +6% sales growth to >25% Adjusted Weather +/-1% EBITDA margin Market share gains +2% Additional Fluidra growth ROCE >17% Inorganic growth 15 |
Slide 16: Consistent capital allocation to generate value – unchanged framework
CONSISTENT CAPITAL ALLOCATION TO GENERATE VALUE – UNCHANGED FRAMEWORK Accumulated cash deployment since 2019 (c.€1.8bn) 1 • Invest for growth and innovation Organic growth • Capex inc. R&D (c.3% of net sales) 25% 2 • Acquisitions (>1% of sales CAGR) Group RoCE Value-accretive • Investment criteria f
Slide 17: New pools currently at historical low levels
NEW POOLS CURRENTLY AT HISTORICAL LOW LEVELS Top 5 countries: Residential new pools: Correction from the Around 55% top 5 countries overbuilding in the of global installed base (thousand units) prior decade >70% 321 Fluidra’s sales 249 203 1980-2025 avg: 214k units 169 2015-2025 avg: 208k units 143
Slide 18: Sales by geography
SALES BY GEOGRAPHY Evol. Constant Const. FX & Q2 €M 2025 % Sales 2026 % Sales Const. FX 26/25 perimeter Perimeter Southern Europe 214 32% 234 34% 9.5% 9.5% 8.8% 8.8% Rest of Europe 109 16% 112 16% 2.8% 2.3% (0.5%) (1.0%) North America 265 40% 270 39% 1.8% 2.7% 1.7% 2.6% Rest of the World 76 11% 79 1
Slide 19: Sales by business unit
SALES BY BUSINESS UNIT Const. FX & Q2 €M 2025 % Sales 2026 % Sales Evol. 26/25 Perimeter Pool & Wellness 651 98% 685 99% 5.1% 4.2% Residential 468 71% 494 71% 5.5% 5.4% Commercial 59 9% 58 8% (2.0%) (9.7%) Residential Pool Water Treatment 97 15% 105 15% 8.5% 7.4% Fluid Handling 27 4% 28 4% 1.8% 2.0%
Slide 20: Reconciliation of PBT to Adjusted EBITDA
RECONCILIATION OF PBT TO ADJUSTED EBITDA YTD €M 2025 2026 Evol. 26/25 Profit/loss before tax 186 173 (7.1%) Financial result 35 34 (1.9%) D&A 79 79 (0.2%) Restructuring, M&A and integration expenses 12 33 170.6% Stock based compensation expense 2 3 71.4% Adjusted EBITDA 314 321 2.4% 20 |
Slide 21: Reconciliation of profit attributable to the parent to Adjusted EPS
RECONCILIATION OF PROFIT ATTRIBUTABLE TO THE PARENT TO ADJUSTED EPS YTD €M 2025 2026 Evol. 26/25 Profit/loss attributable to the parent 136 126 (7.1%) Restructuring, M&A and integration expenses 12 33 170.6% Stock based compensation expense 2 3 71.4% Financial result 35 34 (1.9%) Net interest paid (
Slide 22: Net working capital
NET WORKING CAPITAL % LTM % LTM June €M 2025 2026 Evol. 26/25 sales sales Inventories 483 22.4% 502 22.7% 3.9% Trade and other receivables 451 20.9% 470 21.2% 4.1% Trade payables 400 18.5% 474 21.4% 18.7% Operating net working capital 535 24.8% 498 22.5% (7.0%) Dividends, earn-outs & others 116 5.4%
Slide 23: Interim financial position (abridged)
INTERIM FINANCIAL POSITION (ABRIDGED) Assets 06/2025 06/2026 Liabilities 06/2025 06/2026 PPE & rights of use 355 390 Share capital 192 192 Goodwill 1,270 1,311 Share premium 1,149 1,149 Other intangible assets 762 736 Retained earnings and other reserves 289 333 Non-current financial assets 7 9 Inte
Slide 24: Alternative performance measures
ALTERNATIVE PERFORMANCE MEASURES Fluidra’s financial statements are prepared according to IFRS and other applicable regulation. The financial information presented in this document also includes Alternative Performance Measures (‘APMs’) prepared according to the group’s reporting model. For further
Slide 25: Thank you
THANK YOU +34 93 724 39 00 Investor_relations@fluidra.com Avda. Alcalde Barnils 69 - 08174 Sant Cugat (Barcelona) www.fluidra.com