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1 RESULTS Q1-3 2025
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2 DISCLAIMER › The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of this information or opinions contained herein. › Certain statements contained in this document may be statements of future expectations and other forward -looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause act ual results, performance or events to differ materially from those expressed or implied in such statements. › None of Wienerberger AG or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document . › This document does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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33 Q1-3 2025 - HIGHLIGHTS STRONG Q3 2025 RESULTS …wienerberger achieved strong EBITDA performance › Continued weakness in European new residential housing markets › Fiscal tightening in the EU resulting in softening infrastructure investments › US new residential housing starts with a market decline >10% vs last year › UK market saw renewed weakness with housing starts -9% year-over-year › Cost inflation & FX headwinds Revenues (in € m) 202 202 0% Operating EBITDA (in € m) 17.1% 17.3% 1,179 1,170 -1% Q3 2024 Q3 2025 Q3 2024 Q3 2025 Despite challenging market environment…
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4 Q1-3 2025 – HIGHLIGHTS Revenues € 3,517m | (Q1-3 2024: € 3,392m) Up +4% supported by M&A and strong renovation activities Operating EBITDA €584m | (Q1-3 2024: € 602m) Operating EBITDA supported by strong cost discipline Earnings per share €1.56 Strong increase compared to prior year (Q1-3 2024: €0.42) RESILIENT 9-MONTH PERFORMANCE Profit after tax €173m (Q1-3 2024: € 49m)
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MARKET DEVELOPMENT IN THE FIRST NINE MONTHS OF 2025 5 Q1-3 2025 - HIGHLIGHTS Europe East -2% HOUSING STARTS (EST. FY 2025 vs. FY 2024) North America >10% Europe West 0% LONG-TERM BORROWING RATE (September 2025) North America ~7% Europe ~5% North America › Ongoing macroeconomic headwinds › New residential construction declined due to rising interest rates and slowing labour market › Infrastructure slightly declining Europe West › New residential remains at low level, except Netherlands, UK declining, positive signs of potential recovery in Germany and France › Renovation supported by ongoing repair and maintenance activity › Infrastructure investments stable Europe East › New residential activity remained subdued despite structural underlying demand, except Hungary › Renovation stabilized › Infrastructure slightly declining
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NORTH AMERICA TOTAL HOUSING STARTS (EST. FY ‘25 vs FY ‘24) LONG-TERM BORROWING RATE (SEP ’25) A drop in activities due to political and economic uncertainties >10% 7% VOLUME DEVELOPMENT VOLUME EFFECT -8% VOLUME EFFECT +6% NORTH AMERICA -5% Positive volumes but continued industry-driven price pressure CERAMICS PIPES MARKET INDICATORS 6 BUSINESS ENVIRONMENT – NORTH AMERICA Q1-3 2025 - HIGHLIGHTS
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EUROPE WEST TOTAL HOUSING STARTS (EST. FY ‘25 vs FY ‘24) LONG-TERM BORROWING RATE (SEP ’25) Outperforming the market with strong performance in renovation 0% 5% VOLUME DEVELOPMENT VOLUME EFFECT +3% VOLUME EFFECT +2% EUROPE WEST +3% Solid volume development driven mainly by Region West Europe and Ireland CERAMICS PIPES MARKET INDICATORS 7 BUSINESS ENVIRONMENT – EUROPE WEST Q1-3 2025 - HIGHLIGHTS
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EUROPE EAST TOTAL HOUSING STARTS (EST. FY ‘25 vs FY ‘24) LONG-TERM BORROWING RATE (SEP ’25) Volumes are developing positively, pressure remains on prices -2% 5% VOLUME DEVELOPMENT VOLUME EFFECT +3% VOLUME EFFECT -2% EUROPE EAST +1% Segment suffering from political tension as well as lack of public investments CERAMICS PIPES MARKET INDICATORS 8 BUSINESS ENVIRONMENT – EUROPE EAST Q1-3 2025 - HIGHLIGHTS
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WIENERBERGER HAS SUCCESSFULLY MIGRATED TOWARD RENOVATION & INFRASTRUCTURE 9 45% 35% 20% 65%20% 15% New buildRenovation Infrastructure 2012 2024 43% 38% 19% Q1-3 2025 Operating EBITDA margin development wienerberger has significantly improved margins and operational leverage through M&A integration, cost savings, and a strategic shift toward renovation and infrastructure. 2012* 2024 Q1-3 2025 9.2% 16.8% 16.6% WIENERBERGER’S STRATEGIC TRANSFORMATION * EBITDA reported
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2024 2025 2026 2027 2028 M&A - SUPPORTING OUR TRANSFORMATION 10 Greater exposure to the fast-growing renovation market Integration activities well on track with successful realization of synergies Positive EBITDA contribution >40 acquisitions within the last 10 years ~5X EV/EBITDA Terreal Successful integration and strategic M&A in renovation Value-creating M&A without capital increase realized Operating EBITDA € 82m € 150m
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VALUE-ACCRETIVE M&A 11 MFP - Strengthened market position in Ireland & the UK › Piping solutions for drainage, roofline and cable ducting systems › Synergies through production consolidation at Cork site › Consolidated as of June 2025 GSEi stake increased to 100% (FR) › Expanded in-roof PV position in Europe amid rising demand › Supports full energy solution provider ambition and growth platform roll-out › Remaining 49% acquired, fully EPS-accretive from July 2025 onwards WIONIQ - Strategic expansion of innovative solutions › Consolidates four innovative companies within data-driven expertise to optimize water, energy, and building infrastructure management › Creating a scalable platform to capture growth and synergies across all business areas WIENERBERGER’S STRATEGIC TRANSFORMATION
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Infrastructure and Renovation Business – Key Contributors to our Value Creation 12
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13 INFRASTRUCTURE: STRONG DRIVER OF GROWTH AND RESILIENCE WIENERBERGER’S STRATEGIC TRANSFORMATION Expansion of the pipe business and strengthening market position in infrastructure and water management Access to end markets with high growth potential Opportunities for organic growth and targeted consolidation
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14 GROWTH IN RENOVATION MARKET ACROSS EUROPE WIENERBERGER’S STRATEGIC TRANSFORMATION Strong potential in roof, façade and solar business Significant expansion through Terreal and GSEi Acquisitions Supporting and leveraging the European Green Deal
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15 GROWTH THROUGH ACQUISITIONS WIENERBERGER’S STRATEGIC TRANSFORMATION › Overall weaker market environment offers attractive opportunities for consolidation › Strong balance sheet provides flexibility to pursue value-accretive transactions › Expanding solution capabilities in building envelope, inhouse applications, and water management Driving sustainable growth and climate-focused innovation through strategic acquisitions
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FINANCIALS 16
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Q1-3 2025 RESULTS HIGHLIGHTS FINANCIALS Q1-3 2025 - GROUP Revenues (in € m) 602 584 -3% Operating EBITDA (in € m) 17.7% 16.6% 3,392 3,517 +4% Q1-3 2024 Q1-3 2025 Q1-3 2024 Q1-3 2025 17
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21 127 Q1-3 2024 Organic Growth -23 FX Scope Q1-3 2025 3,392 3,517 +4% SOLID REVENUE GROWTH DRIVEN BY RENOVATION, EBITDA SUPPORTED BY EFFICIENCIES 18 FINANCIALS Q1-3 2025 - GROUP Revenue Bridge in € m Note: Rounding differences may arise from automatic processing of data Scope effect includes Terreal (2 months), Grainplastics (4 months), MFP Ltd. (1 month) and other smaller acquisitions +1% -1% +4% 602 58413 Q1-3 2024 -26 Organic Growth -5 FX Scope Q1-3 2025 -3% Operating EBITDA Bridge in € m -4% -1% +2% 17.7% 16.6%
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19 OPERATING SEGMENTS - EUROPE WEST FINANCIALS Q1-3 2025 – SEGMENTS Q1-3 2024 Q1-3 2025 1,898 2,050 +8% 273 314 Q1-3 2024 Q1-3 2025 +15% 14.4% 15.3% › Revenues up 8%, driven by solid renovation demand › Stable piping volume development › Operating EBITDA benefited from higher sales volumes, cost management and increased capacity utilization External Revenues (in € m) Operating EBITDA (in € m) COMMENTS
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20 OPERATING SEGMENTS - EUROPE EAST FINANCIALS Q1-3 2025 – SEGMENTS 889 910 Q1-3 2024 Q1-3 2025 +2% 177 165 Q1-3 2024 Q1-3 2025 -7% 20.0% 18.1% › Revenues up 2%, mainly reflecting slightly higher clay block volumes in selected markets › Operating EBITDA decline from continuous cost inflation driven by gas and personnel › Focused pricing actions and cost initiatives are helping to stabilize profitability External Revenues (in € m) Operating EBITDA (in € m) COMMENTS
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21 OPERATING SEGMENTS - NORTH AMERICA FINANCIALS Q1-3 2025 – SEGMENTS 605 557 Q1-3 2024 Q1-3 2025 -8% 152 106 Q1-3 2024 Q1-3 2025 -30% 25.1% 19.0% › Revenues declined by 8%, primarily due to decreasing new residential demand › Piping volumes improved while pricing softened › Operating EBITDA decreased but margin remains at a healthy level External Revenues (in € m) Operating EBITDA (in € m) COMMENTS
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22 “FIT FOR GROWTH” – STRENGTHENING EFFICIENCY AND COMPETITIVENESS Clear measures have been taken › Comprehensive improvement program launched to enhance efficiency and performance › Focus on optimizing processes across all organizational levels – from holding to operations › Ensuring continued value creation in a challenging market environment Expected savings in the range of €15-20 million Strengthens competitiveness and ensures continued value creation in a weaker market environment. FINANCIALS Q1-3 2025 - GROUP
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23 2024 2025 2026 Fixed price* Market price* PROACTIVE ENERGY MANAGEMENT ENSURES COST STABILITY FINANCIALS Q1-3 2025 – GROUP * Illustrative price difference Disciplined gas hedging supports resilient profitability › Gas prices have been fixed on favourable terms, significantly below market levels › Double-digit million € savings achieved versus spot prices › Fixed price levels for 2026 on par with expected market rates, supporting cost visibility
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24 FREE CASH FLOW FINANCIALS Q1-3 2025 - GROUP in € m Q1-3 2025 Q1-3 2024 Operating EBITDA 584 602 Net interest -70 -63 Income taxes paid -35 -75 Change in working capital -172 -86 Maintenance Capex -82 -81 Lease payments -57 -53 Non-cash items and other -14 -70 Free cash flow 155 174 Note: Rounding differences may arise from automatic processing of data › Change in working capital higher year- on-year due to: › Seasonal rebuild from lower starting inventory in 2025 versus 2024 › Higher trade receivables driven by stronger end-of-September sales › Higher inventory value reflecting increased material costs
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Solid CAPEX management › Maintenance CAPEX of € 82m (Q1-3 2024 € 81m) › Growth CAPEX of € 81m (Q1-3 2024 € 103m) › M&A € 24m (Q1-3 2024 € 622m) 25 NET DEBT SEPTEMBER 2025 FINANCIALS Q1-3 2025 - GROUP 105 135 46 Net Debt 31.12.2024 -155 Free Cash Flow Growth CAPEX/ M&A Dividends/ Share Buyback Other Net Debt 30.09.2025 1,753 1,883 Net Debt / operating EBITDA* 2.4 2.3 2.5 30.09.2024 31.12.2024 30.09.2025 Note: Rounding differences may arise from automatic processing of data * Operating EBITDA based on last twelve months in € m 1 880 Net Debt 30.09.2024 Disciplined CAPEX and cash management keep leverage stable within the target range.
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26 OUTLOOK
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Outlook Assumptions in February 2025 Status Quo November 2025 Slowly declining interest rates › Did not materialize › Mortgage rates are slightly increasing Sequential recovery in new residential housing markets › Declining new residential housing markets › High volatility › No immediate recovery Stable to slightly increasing renovation markets › Stable renovation markets Stable to slightly increasing infrastructure markets › Slightly decreasing infrastructure markets 27 2025 OUTLOOK – ASSUMPTIONS OUTLOOK
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28 OUTLOOK 2025 OUTLOOK REVISED 2025 operating EBITDA ~€750m in line with the previous year, adjusted for FX-impact Net debt ratio in the range of 2.2 to 2.3x Original assumptions no longer valid › Persistent macroeconomic headwinds › High market volatility in new residential housing › Anticipated interest rate cuts did not materialize › Overall new residential markets below 2024 levels Market environment › Intensify performance measures to mitigate market slowdown and cost pressure › Face a challenging pricing environment with largely flat price development in 2025 For the remainder of 2025 we will:
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LOOKING AHEAD: MID-TERM GROWTH DRIVERS 29 MID-TERM ASSUMPTIONS Interest rate cuts Improving affordability and stimulating housing demand Peace in Europe Potential Ukraine peace deal and governmental initiatives European Social Housing Plan Complemented by local initiatives to ease housing shortages US market recovery Renewed momentum in new residential construction Mid-term target of € >1.2 bn Operating EBITDA Depending on underlying market demand in the different end markets Strategic transformation towards renovation and infrastructure strengthened by successful M&A wienerberger is well positioned to benefit once markets rebound Continued operational efficiency and improved capacity utilization wienerberger
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30 SAVE THE DATE Our next Capital Markets Day is scheduled for February 24, 2026
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31 Q&A THANK YOU FOR YOUR ATTENTION.
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32 Follow us on LinkedIn!Financial Calendar and upcoming events 2025 and 2026 Date Event 18/11/2025 8th Midcap CEO Conference, Paris / BNP Paribas Exane 02/12/2025 European Conference, London / Berenberg 03/12/2025 European Materials Conference, London / Bank of America 18/02/2026 Full-Year Results 2025 24/02/2026 Capital Markets Day 25/03/2026 Publication Annual Report 2025 07/05/2026 157th Annual General Meeting 13/05/2026 Update for Q1 2026 12/08/2026 H1 2026 Results 12/11/2026 Q1-3 2026 Results CONTACT DETAILS investor@wienerberger.com | +43 1 60192 10221 | www.wienerberger.com | ISIN: AT0000831706 | ADR ISIN: US9676621074
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APPENDIX 33
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34 INCOME STATEMENT APPENDIX in € m Q1-3 2025 Q1-3 2024 Revenues 3,517 3,392 Operating EBITDA 584 602 EBITDA 581 537 Operating EBIT 314 333 Impairment charges to assets -3 -50 EBIT 308 218 Financial result -70 -118 Profit before tax 237 100 Income taxes -64 -51 Profit after tax 173 49 Thereof attributable to non-controlling interests 2 3 Thereof attributable to equity holders of the parent company 171 46 Note: Rounding differences may arise from automatic processing of data
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35 BALANCE SHEET APPENDIX Note: Rounding differences may arise from automatic processing of data * Prior-year amount reassessed in €m 30/09/2025 31/12/2024 Assets Intangible assets and goodwill* 1,055 1,072 Property, plant and equipment 2,863 2,923 Investment property 56 56 Investments in associates and joint ventures 16 16 Other financial investments and non-current receivables 58 50 Deferred tax assets 52 56 Non-current assets 4,100 4,173 Inventories* 1,346 1,341 Trade receivables 463 345 Receivables from current taxes 19 53 Other current receivables 116 133 Securities and other financial assets 90 112 Cash and cash equivalents 128 262 Current assets 2,161 2,246 Total assets 6,260 6,418 in €m 30/09/2025 31/12/2024 Equity and liabilities Issued capital 109 112 Share premium 983 1,044 Retained earnings 1,974 1,905 Other reserves -270 -161 Treasury shares -9 -42 Controlling interests 2,788 2,857 Non-controlling interests 5 26 Equity 2,792 2,883 Deferred taxes 204 200 Employee-related provisions 106 113 Other non-current provisions 107 116 Long-term financial liabilities 1,533 1,522 Other non-current liabilities 38 26 Non-current provisions and liabilities 1,988 1,977 Current provisions 61 82 Payables for current taxes 13 24 Short-term financial liabilities 567 605 Trade payables 366 418 Other current liabilities 473 431 Current provisions and liabilities 1,480 1,559 Total equity and liabilities 6,260 6,418
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36 CONDENSED CASH FLOW STATEMENT APPENDIX in € m Q1-3 2025 Q1-3 2024 Gross cash flow* 427 366 Change in working capital -172 -86 Maintenance Capex -82 -81 Divestments and other* 38 29 Lease payments -57 -53 Free cash flow 155 174 Growth Capex -81 -103 M&A -24 -622 Purchase of treasury shares -29 -16 Dividend -106 -103 Net cash flow -85 -669 Note: Rounding differences may arise from automatic processing of data * Prior-year amount reassessed
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37 10-YEAR OVERVIEW APPENDIX 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3.0 3.0 3.1 3.3 3.5 3.4 4.0 5.0 4.2 4.5 Revenue (in € bn) Operating EBITDA (in € mn)EBITDA reported (in € mn) 370 404 415 443 610 558 694 811 760 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1,021 135 246 179 273 286 397 421 598 258 417 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Free Cash Flow (in € mn)
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38 3 YEAR OVERVIEW BY QUARTER APPENDIX Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 1,052 1,150 1,083 939 Q1 2023 953 1,261 1,179 1,121 4,513 1,099 1,247 Q3 2025Q2 2023 Q3 2023 Q4 2023 FY 2023 Q1 2024 Q2 2024 1,170 4,224 Revenue (in € mn) Operating EBITDA (in € mn) 209 245 211 146 115 285 202 158 130 253 202 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 811 760 Q3 2025 -179 42 129 266 258 -151 99 226 243 417 -176 124 207 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Q1 2025 Q2 2025 Q3 2025 Free Cash Flow (in € mn)
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