Slides
Page 1
FY 2025 RESULTS 1
Page 2
DISCLAIMER 2 › 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 actual 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
Page 3
FY 2025 – HIGHLIGHTS STRONG SET OF RESULTS Operating EBITDA Margin 16.5% High profitability driven by cost discipline & efficiency Free cash flow EUR 474m Second best free cash flow in our history In 2025, we delivered strong results, generated exceptional cash flow, and strengthened our balance sheet - fully delivering our guidance and positioning the company for self-funded growth. Profit after tax EUR 168m and earnings per share increased by >100% 3
Page 4
FY 2025 – HIGHLIGHTS RESILIENT BALANCE SHEET Strong financial discipline focusing on working capital and capacity efficiency Net debt EUR 1,637m Strong cash flow and financial discipline reduced net debt Net debt / operating EBITDA 2.2x Solid leverage ratio at year-end Working capital / revenues 20% Strongly improved vs. prior year (2024: 24%) 4
Page 5
5% 2% 1% 0%0% -1% -5% -6% -4% -2% 0% 2% 4% 6% Q1 2025 H1 2025 Q1-Q3 2025 FY 2025 EST. Q1 2026 VOLUME DEVELOPMENT | WIENERBERGER GROUP year-on-year quarter-on-quarter basis 2024 outlook EUR 750m delivered EUR 754m › Severe cold weather › Delivery problems low temperature › Weak demand 5 FURTHER MARKET SLOWDOWN TOWARDS END OF 2025 FY 2025 – HIGHLIGHTS
Page 6
EUROPE WESTMARKET INDICATORS TOTAL HOUSING STARTS (EST. FY ‘25 vs FY ‘24) CIVIL ENGINEERING CONSTRUCTION OUTPUT (EST. FY ‘25 vs FY ‘24) LONG-TERM BORROWING RATE (JUN ‘25 / SEP ‘25 / DEC ’25) Outperforming the market with strong performance in renovation +1% 4.7% / 4.8% / 4.8%* VOLUME DEVELOPMENT VOLUME EFFECT +2% VOLUME EFFECT +2% EUROPE WEST +2% Solid volume development driven mainly by Region West Europe and Ireland CERAMICS PIPES +1% 36% 47% 17% Renovation Infrastructure New build *30-year swap rate incl. premium spread of 150bps, source of swap rates: LSEG Refinitiv (Treasury) **30-year mortgage rate as reported by the Federal Home Loan Mortgage Corporation in the U.S. Note: Market data acquired from Euroconstruct, ECB, U.S. Census Bureau, or Management Estimate // Rounding differences may arise from automatic processing of data 6 Revenue Split BUSINESS ENVIRONMENT – EUROPE WEST BUSINESS ENVIRONMENT FY 2025 – PER REGION
Page 7
EUROPE EASTMARKET INDICATORS TOTAL HOUSING STARTS (EST. FY ‘25 vs FY ‘24) CIVIL ENGINEERING CONSTRUCTION OUTPUT (EST. FY ‘25 vs FY ‘24) LONG-TERM BORROWING RATE (JUN ‘25 / SEP ‘25 / DEC ’25) Slow-down in volumes during last quarter, pressure remains on prices -2% 5.1% / 5.2% / 5.3%* VOLUME DEVELOPMENT VOLUME EFFECT +1% VOLUME EFFECT -3% EUROPE EAST 0% Segment suffering from political tension as well as lack of public investments CERAMICS PIPES +1% 48% *30-year swap rate incl. premium spread of 150bps, source of swap rates: LSEG Refinitiv (Treasury) **30-year mortgage rate as reported by the Federal Home Loan Mortgage Corporation in the U.S. Note: Market data acquired from Euroconstruct, ECB, U.S. Census Bureau, or Management Estimate // Rounding differences may arise from automatic processing of data 7 29% 24% New build Renovation Infrastructure Revenue Split BUSINESS ENVIRONMENT – EUROPE EAST BUSINESS ENVIRONMENT FY 2025 – PER REGION
Page 8
NORTH AMERICAMARKET INDICATORS TOTAL HOUSING STARTS (EST. FY ‘25 vs FY ‘24) LONG-TERM BORROWING RATE (JUN ‘25 / SEP ‘25 / DEC ’25) A drop in activities due to political and economic uncertainties -9% 6.8% / 6.3% / 6.1%** VOLUME DEVELOPMENT VOLUME EFFECT -11% VOLUME EFFECT +2% NORTH AMERICA -8% Slow-down in volume growth paired with continued industry-driven price pressure CERAMICS PIPES 58%22% 20% Renovation Infrastructure New build *30-year swap rate incl. premium spread of 150bps, source of swap rates: LSEG Refinitiv (Treasury) **30-year mortgage rate as reported by the Federal Home Loan Mortgage Corporation in the U.S. Note: Market data acquired from Euroconstruct, ECB, U.S. Census Bureau, or Management Estimate // Rounding differences may arise from automatic processing of data 8 Revenue Split BUSINESS ENVIRONMENT – NORTH AMERICA BUSINESS ENVIRONMENT FY 2025 – PER REGION
Page 9
WIENERBERGER HAS SUCCESSFULLY MIGRATED TOWARD RENOVATION & INFRASTRUCTURE 45% 35% 20% New buildRenovation Infrastructure 2024 43% 38% 19% 2025 Operating EBITDA margin development wienerberger is able to maintain profitability and earnings even in structurally weak markets. 2024 9 2025 16.8% 16.5% WIENERBERGER’S STRATEGIC TRANSFORMATION * EBITDA reported
Page 10
FINANCIALS 10
Page 11
FY 2025 STRONG RESULTS FULLY DELIVERING OUR GUIDANCE FINANCIALS FY 2025 - GROUP Revenues (in EURm) 760 754 -1% Operating EBITDA (in EURm) 16.8% 16.5% 4,513 11 4,566 +1% 2024 2025 2024 2025
Page 12
2024 Organic Growth -44 FX Scope 2025 4,566 4,513 -24 Revenue Bridge in EURm +1% 120 REVENUE STABILITY FROM RENOVATION; EBITDA UNDERPINNED BY EFFICIENCY IMPROVEMENTS FINANCIALS FY 2025 - GROUP 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% +3% 760 75414 2024 -11 Organic Growth FX Scope 2025 -1% -9 Operating EBITDA Bridge in EURm -2% -1% +2% 12 16.8% 16.5%
Page 13
OPERATIONAL EFFICIENCIES STRENGTHENED COMPETITIVENESS AND LIMITED IMPACT OF INFLATION Overall cost inflation of +4%, EUR >100m Mainly driven by labour and energy cost EUR ~30m overhead savings From strict cost discipline FINANCIALS FY 2025 13
Page 14
INCREASED EFFICIENCY SUPPORTS OUR PROFITABILITY Operational Excellence Production measures and capacity optimization over the last years EBITDA contribution 2025: cost savings of ~EUR 55m FINANCIALS FY 2025 Fit For Growth Program started in Q3 2025 Process optimization across all organizational levels – from holding to operations Ensuring continued value creation in a challenging market environment. Expected savings in the range of (annually) EUR 15-20m 14
Page 15
OPERATING SEGMENTS - EUROPE WEST FINANCIALS FY 2025 – SEGMENTS 2024 2025 2,544 2,686 Revenues (in EURm) +6% 350 408 2024 2025 +17% 13.8% 15.2% COMMENTS › Revenues up 6%, driven by demand for Roof and Pipe solutions. › Dependence on new build end market declining, while wall segment remains challenging. › Operating EBITDA benefited from higher sales volumes, cost management and increased capacity utilization. Operating EBITDA (in EURm) 15
Page 16
OPERATING SEGMENTS - EUROPE EAST FINANCIALS FY 2025 – SEGMENTS 2024 2025 1,169 1,180 Revenues (in EURm) +1% 219 214 2024 2025 -2% 18.7% 18.1% COMMENTS › Revenues up 1%, mainly reflecting higher volumes and market share recovery in the clay block business. › Operating EBITDA decline from continuous cost inflation driven by gas and personnel. › Maintained pricing discipline, despite competitive market. Strict cost control and efficiency measures protected margins. Operating EBITDA (in EURm) 16
Page 17
OPERATING SEGMENTS - NORTH AMERICA FINANCIALS FY 2025 – SEGMENTS 2024 2025 Revenues (in EURm) -12% 799 700 191 132 2024 2025 -31% 25.1% 19.0% COMMENTS › Revenues declined by 12%, primarily due to decreasing façade brick volumes from weak new residential demand. › Piping volumes performed steadily, while pricing softened reflecting deflation in resin prices. › Operating EBITDA decreased but margin remains at a healthy level. Operating EBITDA (in EURm) 17
Page 18
FREE CASH FLOW FINANCIALS FY 2025 - GROUP in EURm 2025 2024 Operating EBITDA 754 760 Net interest -101 -90 Income taxes paid -50 -98 Change in working capital 104 139 Maintenance Capex -148 -135 Lease payments -77 -72 Other -7 -86 Free cash flow 474 417 Note: Rounding differences may arise from automatic processing of data Free cash flow increased by 14% › Supported by solid working capital inflows › Lower taxes in 2025, due to higher tax prepayments in US in 2024 › Prior-year free cash flow was impacted by restructuring-related items included in “Other” 18
Page 19
Solid CAPEX management › Maintenance CAPEX of EUR 148m (2024 EUR 135m) › Growth CAPEX of EUR 133m (2024 EUR 177m) › M&A EUR 24m (2024 EUR 637m) NET DEBT AS OF 31/12/2025 FINANCIALS FY 2025 - GROUP 157 135 66 Net Debt 31.12.2024 -474 Free Cash Flow Growth CAPEX/ M&A Dividends/ Share Buyback Other Net Debt 31.12.2025 1,753 1,637 Leverage: Net debt / operating EBITDA 2.3 2.2 31.12.2024 31.12.2025 Note: Rounding differences may arise from automatic processing of data in EURm Disciplined CAPEX and cash management helped reduce leverage. 19
Page 20
20 ROBUST BALANCE SHEET ALLOWS FOR FURTHER SELF-FUNDED GROWTH FINANCIALS FY 2025 * Gearing = Net debt / Equity Note: Rounding differences may arise from automatic processing of data in EURm 2025 2024 Non-current assets 4,130 4,173 Inventories 1,329 1,341 Trade receivables 248 345 Cash / securities 282 374 Other 153 186 Current assets 2,012 2,246 Total assets 6,142 6,418 Equity 2,802 2,883 Provisions / taxes 532 560 Trade payables 454 418 Liabilities to customers 188 177 Other 248 254 Payables and other 890 849 Financial liabilities 1,918 2,127 Total equity and liabilities 6,142 6,418 Equity ratio improved to 46% from 45% Gross debt reduced by 10% (EUR 400m senior bond redemption) in EURm 2025 2024 Non-current assets 4,130 4,173 + Inventories 1,329 1,341 + Trade receivables 248 345 - Trade payables -454 -418 - Liabilities to customers -188 -177 Working Capital 935 1,091 Other 153 186 Total invested capital 5,218 5,450 Equity 2,802 2,883 Provisions / taxes 532 560 + Financial liabilities 1,918 2,127 - Cash / securities -282 -374 Net debt 1,636 1,753 Other 248 254 Total financing 5,218 5,450 Working capital reduced by 14% WC / revenues improved to 20% from 24% Net debt reduced by 7% Gearing* improved to 58% from 61% Balance sheet (condensed) Working capital & net debt focus
Page 21
FINANCIALS FY 2025 - GROUP ATTRACTIVE SHAREHOLDER RETURN 86 95 95 100 20 26 32 30 0 2020 2021 2022 2023 2024 2025 › Dividend proposal for the FY 2025 of EUR 0.95 per share › Share buyback EUR 30m (December 30, 2024-February 7, 2025) › Payout ratio of 28% of free cash flow, in line with 20-40% range 213 104 104 Dividend payout 21 Share buyback
Page 22
OUTLOOK 2222
Page 23
OUTLOOK Key assumptions › No structural recovery in residential construction, paired with flat markets and limited demand › Flat infrastructure& renovationmarket › No decline in long-term interest rates › Inflation expected at ~2.5%, covered by price increases up to ~2% We focus on optimization and efficiency measures… › Fit for Growth program › Further consolidation of plant network › Payback of expanding our industrial footprint with new products 2026 KEY ASSUMPTIONS 23
Page 24
WIENERBERGER-SPECIFIC ENERGY INFLATION OUTLOOK Highest energy costs of the past 10 years Wienerberger-specific energy inflation ~EUR 30m from increase in the portfolio price from EUR 24 to EUR 32 per MWH in natural gas. No compensation possible through price increases Externally driven portfolio price increases, not operationally caused Portfolio price at the same level as current market prices 24
Page 25
WIENERBERGER-SPECIFIC ENERGY INFLATION OF EUR 30M IN 2026 OUTLOOK Note: Consultant-managed portfolio only (Schneider) // Rounding differences may arise from automatic processing of data 25
Page 26
EUR 160m Maintenance CAPEX (2025: EUR 148m) +EUR 20m Secure Zone Action Plan EUR 100m Growth CAPEX (2025: EUR 133m) CAPITAL EXPENDITURE OUTLOOK 26
Page 27
2% 1% 0% -1% 0%0% -1% -5% -5% H1 2025 Q1-Q3 2025 FY 2025 EST. H1 2026 EST. H2 2026 VOLUME DEVELOPMENT | WIENERBERGER GROUP year-on-year quarter-on-quarter basis 2024 Guidance 2025 EUR 750m ~ -3% below H1 2025 27 NO MARKET RECOVERY EXPECTED IN 2026 WIENERBERGER GROUP – VOLUME DEVELOPMENT
Page 28
OUTLOOK 28 OUTLOOK OF ONGOING BUSINESS 36 30 754 790 760 Operating EBITDA 2025 Optimization & Self-help Operating EBITDA 2026 without energy inflation wienerberger-specific energy inflation Operating EBITDA 2026 Note: Operating EBITDA in EURm // Rounding differences may arise from automatic processing of data in EURm One-off 2026
Page 29
• OUR next growth chapter • CMD chart 124 29
Page 30
Acquisition of Italcer - supporting growth by increasing share in renovation market 30
Page 31
ACQUISITION OF ITALCER 31
Page 32
ACQUISITION OF ITALCER 32
Page 33
33 ACQUISITION OF ITALCER 33
Page 34
34 ACQUISITION OF ITALCER
Page 35
IN A NUTSHELL ACQUISITION OF ITALCER Expands wienerberger’s portfolio in the attractive premium façade systems market Enhances the scope along the building materials value chain Highly attractive financial profile Offers clear operational and sustainability synergies Strengthens its position in the European renovation segment Italcer EBITDA contribution EUR 100m (including synergies) 35
Page 36
OUTLOOK WIENERBERGER 2026 GUIDANCE INCLUDING ITALCER in EURm 36 30 50 Operating EBITDA 2025 Optimization & self-help Operating EBITDA 2026 without energy inflation one-off wienerberger- specific energy inflation Operating EBITDA 2026 Italcer financial impact* Operating EBITDA guidance 2026 754 790 760 810 * 8 months’ contribution in operating EBITDA 2026 • Note: Operating EBITDA in EURm // Rounding differences may arise from automatic processing of data One-off 2026 36
Page 37
LEVERAGE RATIO 2026 STABLE TARGETED LEVERAGE OF 2.2X THROUGH € 220 MILLION MITIGATION MEASURES Net debt 2025 Italcer Net debt after Italcer acquisition Mitigation measures Net debt 2026e 1,637 2,037 ~1,817400 220 in EURm 2.2x 37 2.5x 2.2x working capital optimization, reduction of CAPEX and sale of non-core properties
Page 38
Outlook 2026 Improvement in operating EBITDA to ~ 810 million EUR OUTLOOK Market environment › Persistent geopolitical and macroeconomic uncertainty › No structural recovery in residential construction Flat infrastructure & renovation markets › Financing environment remains restrictive We focus on… › Outperforming markets › Debt reduction › Strong cash flow generation › Expanding earnings base › Integration of Italcer 38
Page 39
Q&A THANK YOU FOR YOUR ATTENTION. 39
Page 40
Follow us on LinkedIn!Financial Calendar and upcoming events in 2026 Date Event 24/02/2026 Capital Markets Day 05/03/2026 Berenberg EU Opportunities Conference 2026, London (UK) 25/03/2026 Publication Annual Report 2025 14/04/2026 RBI/Oddo Investor Conference 2026, Zürs (AT) 07/05/2026 157th Annual General Meeting 13/05/2026 Q1 2026 Results 21/05/2026 Berenberg European Conference 2026, New York (US) 12/08/2026 H1 2026 Results 12/11/2026 Q1-3 2026 Results investor@wienerberger.com www.wienerberger.com CONTACT DETAILS investor@wienerberger.com | +43 1 60192 10221 | www.wienerberger.com | ISIN: AT0000831706 | ADR ISIN: US9676621074 40
Page 41
APPENDIX 41
Page 42
CONDENSED CONSOLIDATED INCOME STATEMENT APPENDIX in EURm 2025 2024 Revenues 4,566 4,513 Cost of goods sold -2,963 -2,902 Gross profit 1,603 1,610 Gross margin (in %) 35.1 35.7 Selling and administrative expenses -1,274 -1,243 Other operating income and expenses 3 -74 EBIT 332 294 Financial result -99 -143 Profit before tax 233 151 Income taxes -65 -67 Profit after tax 168 84 Earnings per share (in EUR) 1.52 0.72 42Note: Rounding differences may arise from automatic processing of data Operating EBITDA 754 760
Page 43
CONDENSED CONSOLIDATED BALANCE SHEET 43Note: Rounding differences may arise from automatic processing of data APPENDIX in EURm 31/12/2025 % 31/12/2024 % Property, plant and equipment 2,902 47 2,923 46 Goodwill 593 10 593 9 Other intangible assets 465 8 479 7 Other non-current assets 170 3 178 3 Non-current assets 4,130 67 4,173 65 Cash and cash equivalents and other financial assets 281 5 374 6 Other current assets 1,730 28 1,872 29 Current assets 2,012 33 2,246 35 Total assets 6,142 100 6,418 100 Equity 2,802 46 2,883 45 Financial liabilities 1,582 26 1,522 24 Other liabilities 431 7 455 7 Non-current liabilities 2,013 33 1,977 31 Financial liabilities 336 5 605 9 Other liabilities 991 16 954 15 Current liabilities 1,327 22 1,559 24 Total equity and liabilities 6,142 100 6,418 100
Page 44
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 44Note: Rounding differences may arise from automatic processing of data APPENDIX in EURm 2025 2024 Profit after tax 168 84 Depreciation, amortization, and impairment of assets 389 413 Other adjustments -32 -30 Changes in working capital 104 139 Cash flows from operating activities 630 606 Maintenance capex -148 -135 Growth capex -133 -177 M&A capex -24 -637 Divestments and other 70 19 Cash flows from investing activities -235 -930 Net cash flows from financial liabilities and repayment of lease liabilities -279 299 Dividends paid and purchase of treasury shares -135 -137 Purchase of non-controlling interests -24 0 Cash flows from financing activities -439 162
Page 45
APPENDIX 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 3.0 3.1 3.3 3.5 3.4 4.0 5.0 4.2 4.5 4.6 10-YEAR OVERVIEW Revenue (in EURbn) EBITDA reported (in EURm) 404 415 443 610 558 694 811 760 754 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Operating EBITDA (in EURm) 1,021 246 179 273 286 397 421 598 258 417 474 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Free Cash Flow (in EURm) 45
Page 46
APPENDIX 1,052 1,150 1,083 939 4,224 953 1,261 1,179 1,121 4,513 1,099 1,247 1,170 1,049 4,566 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 Q4 2025 FY 2025 3 YEAR OVERVIEW BY QUARTER Revenue (in EURm) Operating EBITDA (in EURm) 209 245 211 146 115 285 202 158 130 253 202 169 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 Q4 2025 FY 2025 811 760 754 42 129 266 258 99 226 243 417 124 207 319 474 -179 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 -151 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 -176 Q1 2025 Q2 2025 Q3 2025 Q4 2024 FY 2025 Free Cash Flow (in EURm) 46
Page 47
47