Sogefi S.p.a.MIL: SGF

July 25, 2025 – H1 2025 Results

· Issued by Sogefi S.p.a.
H1 2025 Results July 25, 2025

Olivier PROUST - CFO

1

Maria Beatrice DE MINICIS - Head of Planning and Control



AGENDA

  • H1 2025 Results
  • A resilient business model and a Sustainable Transformation
  • Market Outlook 2025


Revenues at €508.6m

Vs 524.1 in H1 24



EBITDA at € 69.5m

vs €67.0m in H1 24



EBIT



FCF1 at € 9.7m

vs €22.3m in H1 24



NFP (cash) at € 19.3m

vs € debt of 9.5m Dic '24



Net Income





1. FCF and Net debt excluding IFRS 16

H1 2025: FINANCIAL HIGHLIGHTS

  • -1.2% at constant exchange (-3.0% at current), mainly reflecting the market decline in Europe.

  • Contribution margin € 152.4m vs € 151.8m in H1 24 (up from 29.0% to 30.0%)

  • EBITDA excluding non-recurring: € 73.1 m vs € 67.9m in H1 2024

  • Fixed costs decreasing vs H1 2024 in % and value

  • € 32.7m vs € 27.8m in H1 2024 (excluding non-recurring € 36.2m vs € 28.7m) thanks to the recovery of Suspensions margin

Net income of operating activities (Suspensions and A&C at € 19.8m vs € 10.8m in H1 24).

Free Cash Flow positive at € 9.7m, vs €22.3m in H1 24 (benefiting of positive WC effect linked to Filtration's deconsolidation) and despite higher investment in new products

Net debt end of June 2025 at € 19.3m vs a Net debt end December 2024 of € 9.5m (-€ 96m end

of June 2024, after the sale of Filtration and before the payment of extraordinary dividends)

3

H1 2025: SALES BY GEOGRAPHY

€m

Europe 27

H1 24

298.3

H1 25

276.0

change

-7.5%

constant exchange rates

-7.4%

reference market production

-3.8%

performance vs market (bps)

-356

weight based on H1 25

54.3%

North America

109.9

112.3

2.1%

5.6%

-4.1%

973

22.1%

South America

54.1

54.5

0.8%

8.3%

9.0%

-66

10.7%

Cina

54.0

58.5

8.2%

9.9%

11.9%

-203

11.5%

India

9.4

7.7

-18.4%

-14.7%

4.0%

-1869

1.5%

Intercompany

Total

(1.6)

524.1

(0.3)

508.6

-3.0%

-1.2%

3.1%

-426

100.0%

  • -1.2% at constant exchange mainly reflecting the decline in Europe (-7.4%), a result affected by a difficult

    market (-3.8% passenger cars, -7.7% heavy duty)

  • North America overperforming the market

  • Cina and South America substantially in line with the market

  • India down due to product mix

Source: Sogefi and S&P Global (IHS) data. Passenger cars and Light commercial vehicles only. 4



H1 2025: SALES BY BUSINESS UNIT

€m

Air&Cooling

H1 24

234.0

H1 25

232.4

change

-0.7%

constant exchange rates change

1.2%

Suspensions

290.8

275.9

-5.1%

-3.5%

Intercompany

(0.7)

0.3

Total

524.1

508.6

-3.0%

-1.2%

  • Suspensions reflecting the difficult market in Europe, especially in heavy duty (-7.7%)

  • Air and Cooling with better-than-market performance especially in Nord America and China

5

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