Slides
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CEO’s Address Neil Salmon
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8 8 2025 ANNUAL GENERAL MEETING Strong Delivery Against Key Performance Objectives Summary Financials ($m)1 FY25 % ∆ Organic CC % ∆2 Sales 2,003.3 23.7% 7.7% GPADE 697.8 35.0% 11.5% Margin 34.8% 290bps 120bps EBIT3 282.1 44.3% 10.4% Margin 14.1% 200bps 30bps Adjusted EPS3 (US¢) 126.1 19.5% 19.2% Statutory EPS (US¢) 69.9 17.7% DPS (US¢) 50.20 30.7% Net Debt/EBITDA4 1.6x 1. Financials presented in US dollars millions on all slides of this presentation unless otherwise specified 2. Organic CC (Constant Currency) compares FY25 to FY24 at Constant Currency and adjusts for the effects of acquisitions, divestments and business exits including the KBU acquisition completed on 1-Jul-24 and retail household gloves exited in FY24 3. Before Significant Items 4. Net Debt/EBITDA is based on LTM EBITDA, adjusted to exclude Significant Items Organic CC2 sales growth in Industrial and Healthcare segments KBU integration completed with limited sales reduction through transitional period Accelerated Productivity Investment Program savings of $45m EBIT improvement driven by sales growth and productivity benefits Adjusted EPS3 guidance of US118¢ to US128¢ ✓ 9.4% growth2 in Healthcare, 5.6% in Industrial ✓ Healthcare recovery from destocking, Industrial assisted by new products Our Previously Stated Goals FY25 Performance ✓ Adjusted EPS3 of US126.1¢, at upper end of original (US107¢ to US127¢) and upgraded (US118¢ to US128¢) guidance ranges ✓ Savings of $47m in FY25 ✓ Organisation and manufacturing phases complete, focus now on commercial ERP system upgrades commencing in FY26 ✓ EBIT growth2 outpaced sales growth2, helped by increased production and APIP savings ~ Higher raw material and freight costs, improvement in H2 from pricing and reduced usage of air freight ✓ Growth2 in KBU sales and EBIT, performance tracking ahead of business case ✓ Integration completed ahead of schedule ✓ Synergies target upgraded
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9 9 2025 ANNUAL GENERAL MEETING KBU Performance Ahead Of Business Case, Integration Complete, Synergies Target Upgraded 1. Organic CC (Constant Currency) compares FY25 to FY24 at Constant Currency and adjusts for the effects of acquisitions, divestments and business exits including the KBU acquisition completed on 1-Jul-24 and retail household gloves exited in FY24 2. Includes one-off costs associated with the Accelerated Productivity Investment Program and the KBU transaction and integration, a one-off non-cash charge against the value of retired brands, and legal costs associated with the shareholder class action in FY25 FY25 Performance Sales of $274.2m • Double-digit growth in KimtechTM cleanroom products • Decline as expected in KleenGuardTM industrial safety products sold by Kimberly-Clark prior to being transitioned to Ansell sales teams • Organic CC1 sales growth of 0.7%, ahead of business case EBIT of $75.3m • Organic CC1 EBIT growth of 10.7%, ahead of business case on better-than- expected sales and margin favourability Integration Update Integration completed with a seamless customer experience, all transitional service arrangements exited ahead of schedule Stepping up focus to leverage “best of both” strengths of KBU and Ansell • Scaling up KBU’s RightCycleTM product recycling service • Consolidating relevant products under market leading KBU brands. $41.3m non-cash charge as we retire older Ansell brands included in Significant Items2 Synergies Target FY27 annualised net pre-tax cost synergies target upgraded from $10m to $15m • Successful integration led to a lower sales reduction than assumed in our business case • Increased supply chain savings opportunity • $5m savings realised in FY25
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10 10 2025 ANNUAL GENERAL MEETING APIP: On Track To Achieve Savings Goals, Focus Turns To ERP System Upgrades Commencing in FY26 Work Stream FY25 Progress Update Organisation Simplify & Streamline Our Organisational Structure ✓ Changes completed in FY24 ✓ Reorganised customer units benefiting from enhanced focus and contributing to accelerated sales growth, particularly in emerging markets Manufacturing Improve Manufacturing Productivity ✓ Changes completed in FY25 ✓ FY25 actions included relocation of production of some Chemical protective clothing styles from China to Sri Lanka, and warehouse upgrades in Mexico, USA and UK IT Accelerate Digitisation Strategy ✓ Work to date has focused on building and testing of upgraded ERP systems in preparation for initial implementations in FY26 ✓ Upgrades to deliver enhanced digital capabilities and productivity benefits APIP Savings (annual vs FY23 baseline) FY24: $28m FY25: $47m FY26 Target: $50m (excluding longer-dated IT savings) APIP Cash Costs FY24: $44m FY25: $15m Total Incurred: $59m Total Program Forecast: $85-90m, including $35m of IT costs Summary Financials
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11 11 2025 ANNUAL GENERAL MEETING Delivering Against Sustainability Objectives, Net Zero Target Now Includes Scope 3 Emissions People Planet We focus on enhancing the health and well-being of our employees, creating decent and inclusive work environments and reducing inequalities across our operations. We aim to achieve a zero-carbon future by reducing our fossil fuel dependency, increasing energy efficiency, sending zero waste to landfill, supporting customer waste reduction and building partnerships across our value chain. Target Progress Assessment High level of employee risk reporting ✓ >3 safety improvement ideas per employee in FY25, ahead of target 10% reduction in TRIFR1 by FY30 ✓ 16% reduction in TRIFR vs Jun-24, currently trending below FY30 target 100% of direct suppliers2 meet Ansell's labour, health and safety standards by FY27 ✓ Double-digit growth in A or B rated finished goods and raw material and packaging suppliers Target Progress Assessment Net zero emissions by FY453, including scope 3 ✓ 9% reduction in scope 1 & 2 emissions versus FY24, despite higher production ✓ Scope 3 emissions reduction target validated by SBTi in July 2025 Reduce water withdrawals by 35% by end of FY274 ✓ Improvement in water intensity versus FY24, will help drive overall reduction in water withdrawals in future years Zero waste to landfill ✓ Original scope facilities certified, implementation underway for new sites Product We strive to lower the impact of our products by using less fossil fuel- based materials, incorporating more recycled and bio-based content, increasing product durability, and improving end-of-life treatment by enhancing recycling, reuse, or composting of our products & packaging. 1. Versus FY23 baseline 2. In-scope suppliers based on Ansell’s Supplier Management Framework 3. Less than 10% use of offsets 4. Versus FY20 baseline 5. Made using less fossil fuel-based material and more recycled or bio-based material when compared with gloves of a similar make FY25 recognition: For the second year running included on Morningstar Sustainalytics’ ESG Top-Rated Companies list Target Progress Assessment Design 80% of new and updated products with reduced environmental impact by FY265 ✓ Achieved target in FY25
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12 12 2025 ANNUAL GENERAL MEETING FY26 Adjusted EPS 1 Guidance Range Increased to US137¢ to US149¢, Supported by Favourable FX Market Conditions • Overall market conditions in line with expectations – solid healthcare demand, subdued demand in some industrial verticals • Underlying FX favourability from strength of key revenue currencies against the US dollar, in particular the Euro US Tariffs Update • First wave of price increases completed in June with good customer acceptance • Implementation of second wave commenced in October and on track • Goal remains to offset the impact of higher announced tariffs in full YTD Performance • Sales tracking well versus plan, trading in the US in line with expectations • Margins up versus prior year, including FX favourability and expected benefits from lower freight costs, incremental KBU cost synergies, and manufacturing productivity initiatives • On-market share buyback active, targeting up to $200m of repurchases in FY26 with $29m completed YTD 1. Before Significant Items and includes the effects of the on-market share buyback completed to date. Guidance does not assume any one-off inventory revaluations resulting from changes to tariff rates, if these occur they will be reported in Significant Items
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28 Thank you for attending the Ansell 2025 Annual General Meeting