Techtronic Industries Co., Ltd. · HKEX:669
Techtronic Industries — H1 2025 Earnings Presentation
53 slides from Techtronic Industries's earnings presentation, Aug 6, 2025
Slide 1: Disclaimer
DISCLAIMER This document (“document”) has been prepared by Techtronic Industries Company Limited (the “Company” or “TTI”, and together with its subsidiaries, the “Group”) solely for use at the presentation held in connection with the announcement of the Company’s financial results (the “Presentation
Slide 2: 2025 Analyst Presentation
2025 ANALYST PRESENTATION August 6, 2025
Slide 3: Horst Pudwill, Chairman of the Board
HORST PUDWILL Chairman Of The Board
Slide 4: Stephan Pudwill, Vice Chairman
STEPHAN PUDWILL Vice Chairman
Slide 5: Frank Chan, Chief Financial Officer
FRANK CHAN Chief Financial Officer
Slide 6: 2025 First Half Results
2025 FIRST HALF RESULTS 2024 2025 CHANGE SALES $7,312 $7,833 +7.1% GROSS PROFIT % 39.9% 40.3% +34BPS SGA % 31.5% 31.3% -18BPS EBIT $626 $709 +13.3% % OF SALES 8.6% 9.1% NET PROFIT $550 $628 +14.2% % OF SALES 7.5% 8.0% EPS (US CENTS) 30.12¢ 34.37¢ +14.1% DIVIDEND (HK CENTS) 108.00¢ 125.00¢ +15.7%
Slide 7: 2025 First Half Income Statement
2025 FIRST HALF INCOME STATEMENT 2024 2025 CHANGE SALES $7,312 $7,833 +7.1% GROSS PROFIT $2,921 $3,156 +8.0% % OF SALES 39.9% 40.3% SELLING, DISTRIBUTION, & ADVERTISING $1,244 $1,350 +8.5% ADMINISTRATIVE EXPENSES $760 $743 -2.2% RESEARCH & DEVELOPMENT $298 $359 +20.5% TOTAL SG&A EXPENSES $2,302 $2,4
Slide 8: 2025 First Half Financial Position
2025 FIRST HALF FINANCIAL POSITION 2024 2025 CHANGE NON-CURRENT ASSETS $5,191 $5,136 -1.0% CURRENT ASSETS $7,931 $8,758 +10.4% CURRENT LIABILITIES $5,144 $5,676 +10.4% NET CURRENT ASSETS $2,787 $3,082 +10.6% LONG-TERM LIABILITIES $1,725 $1,563 -9.4% EQUITY $6,253 $6,655 +6.4%
Slide 9: 2025 First Half Financial Figures
2025 FIRST HALF FINANCIAL FIGURES 2024 2025 CHANGE INVENTORY $4,027 $4,293 DAYS 104 103 -1 DAY RECEIVABLES $2,328 $2,492 DAYS 60 60 FLAT PAYABLES $3,713 $4,248 DAYS 96 102 +6 DAYS NET WORKING CAPITAL $2,642 $2,537 % OF SALES 18.7% 16.8% CAPEX $100 $96 -4.1% % OF SALES 1.4% 1.2%
Slide 10: Free Cash Flow Trend
FREE CASH FLOW TREND H1 CONVERSION: 21% 69% 58% 73% 19% 68% -105% 31% 131% 142% 74%
Slide 11: First Half Gearing Trend
FIRST HALF GEARING TREND 100.0% 95.3% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -10.0% -1.9%
Slide 12: 2025 First Half Debt Profile
2025 FIRST HALF DEBT PROFILE H1 2024 H1 2025 CHANGE CASH BALANCE $1,227 $1,608 31.1% DEBTS WITH FIXED MATURITIES $1,129 $1,016 -10.0% WORKING CAPITAL FINANCING $673 $466 -30.8% TOTAL DEBTS $1,802 $1,482 -17.8% TOTAL NET (DEBTS)/CASH -$575 $126 121.9% FLOATING RATE 43% $779 39% $583 -25.2% FIXED RATE
Slide 13: Steve Richman, Chief Executive Officer
STEVE RICHMAN Chief Executive Officer
Slide 14: People & Culture
Slide 15: People & Culture
GROW SALES DISRUPT TECHNOLOGY SOLUTIONS DELIVER STRONG FINANCIAL RESULTS OUR FOUNDATION BUILT BY PEOPLE & CULTURE
Slide 16: 17 Year First Half Performance Trend
17 YEAR FIRST HALF PERFORMANCE TREND SALES +11% CAGR 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 EBIT +16% CAGR 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 NET PROFIT +20% CAGR 2009 2010 2011 2012 2013 2014 2015 2016 2
Slide 17: Financial Focus Areas
FINANCIAL FOCUS AREAS #1 #2 #3 SALES EBIT FREE CASH GROWTH ACCRETION FLOW ABOVE MARKET DRIVING TO 10% SIGNIFICANT OF SALES POSITIVE FCF GENERATION
Slide 18: H1 Sales Performance
H1 SALES PERFORMANCE ALL OTHER FOCUS: +9% -19% PROFITABLE +12% SALES GROWTH
Slide 19: Global Manufacturing Diversity
GLOBAL MANUFACTURING DIVERSITY GLOBAL INVESTMENT $1.9B
Slide 20: Disruptive Innovation Technology Solutions
SYSTEM ARCHITECTURE HARDWARE & SOFTWARE DISRUPTIVE INNOVATION TECHNOLOGY SOLUTIONS NEW PRODUCT DESIGN MANUFACTURING DISTRIBUTION & SUPPLY CHAIN
Slide 21: Disrupt, Dominate, Develop
THE USER’S BRAND OF CHOICE, DELIVERING PRODUCTIVITY AND SAFETY SOLUTIONS. THE BRAND DISTRIBUTION COUNTS ON, DELIVERING SALES AND PROFITABILITY. DISRUPT DOMINATE DEVELOP THE INDUSTRY THE COMPETITION NEW MARKETS
Slide 22: $160B+ Global Opportunity
$160B+ GLOBAL OPPORTUNITY OUR CORE TRADES MECHANICAL ELECTRICAL PLUMBING REMODELING UTILITY TRANSPORTATION GENERAL LANDSCAPE ENERGY MINING MAINTENANCE CONTRACTING MAINTENANCE
Slide 23: Just Getting Started
JUST GETTING STARTED GROW EXISTING GROW EXISTING EXPAND INTO NEW BUSINESSES & VERTICALS GLOBAL MARKETS BUSINESSES & VERTICALS
Slide 24: $80B+ Global Opportunity
$80B+ GLOBAL OPPORTUNITY TRANSPORTATION LIFESTYLE & LIGHT DIY HEAVY DIY LAWN & GARDEN CLEANING MAINTENANCE RECREATION DO IT YOURSELF USER STRATEGY
Slide 25: Just Getting Started
JUST GETTING STARTED LEVERAGE & ENTRENCH EXPAND ADD NEW USERS GEOGRAPHICALLY BUSINESSES & USERS
Slide 26: People & Culture
PEOPLE & WII CULTURE
Slide 27: Drew Patrick, Group President Consumer Outdoor Power Equipment
DREW PATRICK Group President Consumer Outdoor Power Equipment
Slide 28: Cordless Solutions
al 7 a epee a an CORDLESS SOLUTIONS
Slide 29: Global Sales Growth Cordless
GLOBAL SALES GROWTH CORDLESS CAGR +15% 2016 2024
Slide 30: Just Getting Started: Growth Strategy
JUST GETTING STARTED LEVERAGE & ENTRENCH EXPAND ADD NEW USERS GEOGRAPHICALLY BUSINESSES & USERS GROWTH STRATEGY
Slide 31: Customer Strategy
CUSTOMER STRATEGY EXISTING USERS NEW USERS DRIVE DEEPER & ENTRENCH SYSTEM ENTRY
Slide 32: Cordless Conversion
CORDLESS CONVERSION GAS PERFORMANCE. CORDLESS CONVENIENCE.
Slide 33: Just Getting Started: Growth Strategy
JUST GETTING STARTED LEVERAGE & ENTRENCH EXPAND ADD NEW USERS GEOGRAPHICALLY BUSINESSES & USERS GROWTH STRATEGY
Slide 34: Expand Geographically
EavelJ] EXPAND GEOGRAPHICALLY
Slide 35: Just Getting Started: Growth Strategy
JUST GETTING STARTED LEVERAGE & ENTRENCH EXPAND ADD NEW USERS GEOGRAPHICALLY BUSINESSES & USERS GROWTH STRATEGY
Slide 36: Do It Yourself User Strategy
DO IT YOURSELF USER STRATEGY TRANSPORTATION LIFESTYLE & LIGHT DIY HEAVY DIY LAWN & GARDEN CLEANING MAINTENANCE RECREATION $80B GLOBAL OPPORTUNITY
Slide 37: Do It Yourself User Strategy
DO IT YOURSELF USER STRATEGY TRANSPORTATION LIFESTYLE & LIGHT DIY HEAVY DIY LAWN & GARDEN CLEANING MAINTENANCE RECREATION INSTALLATION HOME IMPROVEMENT MAINTENANCE LAWN MAINTENANCE OUTDOOR RECREATION INDOOR MAINTENANCE & DECORATING REPAIR MODIFICATION YARD CLEANUP TAILGATING/SPORT OUTDOOR ASSEMBLY G
Slide 38: Ryobi Advantage
RYOBI ADVANTAGE A.I. & MACHINE COMPATIBILITY PERFORMANCE NO USER LEFT BEHIND INNOVATION. PERFORMANCE. VALUE. LEARNING ADVANCED TECHNOLOGY
Slide 39: TAM Expansion
TAM EXPANSION FUTURE $120B+ TODAY $80B+ PREVIOUS $17B ENDLESS OPPORTUNITIES TO GROW
Slide 40: Own the Home
OWN THE HOME IN THE HOME IN THE YARD ON THE GO = = ENDLESS OPPORTUNITIES TO GROW
Slide 41: Tim Albrecht, Group President Milwaukee Tool
TIM ALBRECHT Group President Milwaukee Tool
Slide 42: People & Culture
\\ URE at N ' er) = A tA a i) ii
Slide 43: Just Getting Started
JUST GETTING STARTED GROW EXISTING GROW EXISTING EXPAND INTO NEW BUSINESSES & VERTICALS GLOBAL MARKETS BUSINESSES & VERTICALS
Slide 44: Productivity & Safety Solutions: One Team Focused on the User
PRODUCTIVITY & SAFETY SOLUTIONS ONE TEAM FOCUSED ON THE USER
Slide 45: $160B+ Global Opportunity
$160B+ GLOBAL OPPORTUNITY OUR CORE TRADES MECHANICAL ELECTRICAL PLUMBING REMODELING UTILITY TRANSPORTATION GENERAL LANDSCAPE ENERGY MINING MAINTENANCE CONTRACTING MAINTENANCE
Slide 46: $160B+ Global Opportunity
$160B+ GLOBAL OPPORTUNITY MECHANICAL, PERSONAL EQUIPMENT CORE POWER TOOLS PLUMBING & ELECTRICAL PROTECTIVE EQUIPMENT BATTERIES, CHARGERS SYSTEM ENHANCEMENT & POWER SUPPLIES LIGHTING ABRASIVES OUTDOOR ACCESSORIES CORE OUTDOOR POWER HANDHELD CORE POWER TOOL ACCESSORIES HAND TOOLS OUTDOOR POWER STORAGE
Slide 47: Grow Existing Verticals & Businesses
GROW EXISTING VERTICALS & BUSINESSES TRANSPORTATION MINING MAINTENANCE
Slide 48: 1,600+ Strong Global Jobsite Solutions Team
GLOBAL JOBSITE SOLUTIONS TEAM 1,600+ STRONG
Slide 49: The Brand Distribution Counts On
THE BRAND DISTRIBUTION COUNTS ON DELIVERING SALES AND PROFITABILITY
Slide 50: Artificial Intelligence
ARTIFICIAL INTELLIGENCE ENABLES BREAKTHROUGH TECHNOLOGY Accelerated New Product Batteries, Hardware, Creating a Safer Jobsite Development Electronics, Software Next-Gen Materials Advanced Manufacturing & Quality Digital Prototyping & Design PASS
Slide 51: Expand Into New Businesses and Verticals
EXPAND INTO NEW BUSINESSES AND VERTICALS ELEVATOR/ IRONWORK PAINTING DRYWALL ESCALATOR ROOFING INSULATION MASONRY SECURITY SYSTEMS WELDING FLOORING GLAZING RAIL
Slide 52: Future $200B+ Continuous TAM Expansion
SOLUTIONS PROVIDER… FUTURE $200B+ TODAY $160B PREVIOUS $47B …CONTINUOUS TAM EXPANSION
Slide 53: Thank You
TTI THANK You
Techtronic Industries Company — H1 2025 Earnings Presentation on 6ix