Slides
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H1 results 2026 Claudius Moor (CEO), Uwe Schiller (CFO)
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2 1. Overview 2. Business update 2. Business update 3. Group results 3. Group results 4. Market update 4. Market update 5. Outlook 5. Outlook QA Q&A Appendix Appendix
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CHF 318.2 M net revenues +2.3% organic growth CHF 23.8 M EBITDA (reported) CHF 23.8 M EBITDA (adjusted) 7.5% EBITDA margin (rep.) 7.5% EBITDA margin (adj.) CHF 12 M Capex (3.6% of NR, -31% vs. PY) 1. Organic revenue growth of 2.3% (Wood 2.9%, Glass 0.3%), showing Arbonia's strong market presence 2. Established platform for growth by addressing new markets and sales channels – strong revenue growth outside Germany of 7.5% in Switzerland, 20% in Western Europa, 22% in Central Eastern Europe and 27% rest of Europe/World 3. SAP/ERP introduction at Garant with negative impact in H1 2026 on sales (CHF -12.6 M) and EBITDA (CHF -8.4 M) greater than expected – all relevant SAP implementation issues solved; focus now on regaining customer's trust 4. EBITDA, adj., decline of -8.8% to CHF 23.8 M (previous year CHF 26.1 M) – w./o. Garant EBIDTA, adj., growth of 23% 5. Successful turnaround of Glass business achieved – sales stabilized and profitability significantly improved 6. Progress on sale of non-operating assets: Skyfens (PL) and real estate (AT) signed; Corp. Centre (CH) close to signing 7. EBITDA-Guidance for 2026 adjusted for "SAP/ERP effect", all other items and mid-term Guidance confirmed Continue to drive sales initiatives in growing markets and reduce dependency on German market Executing on top cost reduction programme "Performance plus" (CHF >5 M 2027, CHF >8 M 2030) Regaining trust from Garant customers on delivery performance 3 Overview Continue to build the leading door producer in Europe Financials H1 2026 Key messages Priorities H2 2026 H1 results 2026 | 25 August 2026
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12.6 8.4 SAP-/ERP-effect Garant 2 20.5 26.1 23.8 288.5 H2 ’24 307.2 H1 ’25 318.2 H1 ’26 H2 ’26 FC 8% -8.8% 4 H1 '26 results in perspective – improving results Revenue and profitability development by semester (in CHF M) 1 Net revenue EBITDA 1 excluding one-time effects | 2 SAP-/ERP-effect is compared to same period of previous year, see slide 6 Launch of new Arbonia • Revenue growth of 6.5% (vs. H2 '24) • Successful price increases • Reduction in costs driven by efficiency gains • Reduction in corporate costs following the sales of Climate division Start of new Arbonia With the acquisitions Dimoldura and Lignis fully included H1 results 2026 | 25 August 2026 . • Revenue growth driven by addressing new markets and sales channels • Successful price increases • Successful turnaround of Glass solutions • Reduction in corporate costs • With downsides from SAP- /ERP-rollout at Garant . • Continued revenue growth from H1 '26 • Second wave of price increases • Impacts from Performance Plus program • Improving contribution from Garant +23%
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5 1. Overview 1. Overview 2. Business update 3. Group results 3. Group results 4. Market update 4. Market update 5. Outlook 5. Outlook QA Q&A Appendix Appendix
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H1 results 2026 | 25 August 2026 6 SAP/ERP introduction Garant Significant financial impact in H1 '26 CHF M ACT H1’25 ACT H1’26 -8.4 CHF M ACT H1’25 ACT H1’26 -12.6 Garant – Revenues Garant – EBITDA Adjustments to Garant's reported results • The financial impact during the first six months was: Revenues CHF -12.6 M; EBITDA CHF -8.4 M compared to same period of last year • No adjustments were booked for Garant to grant full transparency Actions taken yielding results • Task force established with concrete action plan and strict KPI governance • Number of open issues massively reduced (esp. inadequate master data quality) • All relevant system related gaps solved – stable operations ensured • >90% of all delayed orders to customers are now delivered • Strong focus on regaining customer's trust and increasing revenues Impact on SAP rollout Prüm • SAP rollout at Prüm on hold – no implementation in the next 24 months • Learnings from Garant rollout started to be implemented at Prüm to simplify migrations • Prüm rollout will only be established once Garant ist fully back on-track
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H1 results 2026 | 25 August 2026 7 Successful key sales initiatives Office building, Birmingham (UK) Current projects Project business • Arbonia's dedicated European project business sales team is gaining momentum • Many top references won across Europe (residential, hotels, offices, schools, hospitals, etc.) • New framework agreement with major European hotel chain: >20 hotels (new built/renovation) DIY • Successful launch with newly won European DIY chain: ~30k doors delivered in a single country (in H1 '26), rollout in additional markets targeted • Secured a major listing at another European DIY chain effective January '27, resulting in double-digit revenue potential in 2027 Wholesale France • High-single digit revenue growth in H1 '26 leading to market share gains in Europe's second largest construction market • Launch of Dimoldura delivery express programme with local stock availability • Portfolio optimisation at Rozière, including streamlined product range and new products from the group Wholesale Switzerland • Double-digit revenue growth in H1 '26 leading to market share gains in highly attractive market • Order intake increased 12% YoY, supporting continued growth momentum • Successful launch of the Arbonia brand in the specialist trade, incl. customer migration to Arbonia sales organisation Football stadium, Lugano (CH) Ruby Malta, Valetta (MT) Serviced apartments, Berlin (D) note: pictures are illustrative nature
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8 Overview of reference projects (Germany and international) Hotel (D): EUR 0.7 M Offices (D): EUR 1.4 M Government office (HU): EUR 0.8 M Apartments (D): EUR 0.2 M Public building (D): EUR 0.7 M Multi-purpose (D): EUR 0.1 M Hotel (D): EUR 0.2 M Projects recently won and in delivery H2 '26 Residential (D): EUR 0.6 M Multi-purpose (D): EUR 0.5 M Residential (D): EUR 0.5 M Multi-purpose (D): EUR 1.1 M Hotel (HU): EUR 1.6 M Hotel (HU): EUR 0.2 M H1 results 2026 | 25 August 2026 note: pictures are illustrative nature
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Results in rising revenues, order intake and backlog 1 Includes Prüm, Garant, Dimoldura, RWDS and Kermi | 2 Western Europe: Spain, France, Portugal (incl. Cicomol in H1'26) | 3 CEE: Poland, Czech Republic, Hungary, Slovakia 9H1 results 2026 | 25 August 2026 Order development Order intake 1 Order backlog 1 EUR H1 ’25 H1 ’26 +2.6% EUR H1 ’25 H1 ’26 +6.5% • Order intake and backlog negatively impacted by Garant by about 4pp • But still on higher level YoY, showcasing successful price increases and sales initiatives EUR H1 ’25 H1 ’26 -3.7% Germany Germany, excl. Garant Switzerland Western Europe 2 CEE 3 Rest of World EUR H1 ’25 H1 ’26 +3.3% CHF H1 ’25 H1 ’26 +7.5% EUR H1 ’25 H1 ’26 +21.7% EUR H1 ’25 H1 ’26 +26.9% EUR H1 ’25 H1 ’26 +19.7% Revenue growth by key markets • Arbonia performed well in German market (excl. Garant) and could grow revenues against a market which is still negative … • … but with significant impact of SAP-/ERP-rollout at Garant • Successful growth in Switzerland, a generally steady and lower growth area • All other regions, WSE, CEE and Rest of World showing significant growth
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Cost programme with impact in H2'26 Newly launched "Performance Plus" programme 10H1 results 2026 | 25 August 2026 Complete and speedy transformation of Arbonia towards the market leader for doors in Europe required very high management capacity Next to the focus on our strategic initiatives, a comprehensive consolidation and efficiency enhancement program has been initiated, partially already last year The Arbex (Arbonia Excellence Program) was started last year to increase the efficiency in our factories – several initiatives are already underway On top to Arbex, a cost management program – "Performance Plus" was started, with the aim to reduce cost and increase efficiency by reducing management layers CHF M 2027 2028 2029 2030 >5.0 >6.5 >7.5 >8.0
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Skyfens, Lublin (PL): • Due to antitrust issues, Skyfens could not be sold with Windows division in 2021 • Now successfully sold in April 2026 for CHF 4.6 M (EUR 5.0 M), thereof CHF 0.8 M deferred • Skyfens contributed CHF -0.2 M EBITDA in H1 '26 • Sale of this non-operating asset led to a book gain of about CHF 0.5 M Real estate, Vienna (AT): • Sale of a former logistics site and sales office from BU Glass signed in July '26 for EUR 1.8 M • Closing expected by the end of 2026 Corporate Center, Arbon (CH): • Fully rented out Corporate Center in Arbon (CH), binding offer in the range of CHF 20 M received, contracts are currently drafted • As part of the deal, Arbonia has committed to a five-year lease with option for a 5-year extension • Book value of the Corporate Center slightly lower than sales price Radiator factory (RU): • Arbonia has continued its sale effort and has signed an agreement to sell this non-operating asset • The sale is currently pending the approval by authorities & will remain a discontinued operation Sale of non-operating assets Very good progress in closing of legacy topics H1 results 2026 | 25 August 2026 11 ( )
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12 1. Overview 1. Overview 2. Business update 2. Business update 3. Group results 4. Market update 4. Market update 5. Outlook 5. Outlook QA Q&A Appendix Appendix
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H1 2026 Arbonia Group financial results RevenuesEBITDA 13 307 318 H1 2025 H1 2026 +3.6% 28 2 H1 2025 reported One-time effects 8.5% H1 2025 excl. one- time effects 26 -8.8% EBITDA • EBITDA significantly impacted by Garant − BU Wood with negative development − Compensated by upsides from BU Glass and reduction in corporate costs • EBITDA without Garant impact (CHF 8.4 M) would have been CHF 32 M or 23% growth • Very small negative and positive on-time effects are compensating each other H1 results 2026 | 25 August 2026 in CHF M 240 7.5% H1 2026 excl. one- time effects One-time effects H1 2026 reported 24 Revenues • Increased order backlog at end of 2025 and turn-around of BU Glass supported revenue growth • Organic growth of 2.3% is coming from BU Wood with 2.9% and BU Glass with 0.3% • Garant and some delayed as well as projects put on hold negatively impacted revenues
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H1 2026 Arbonia Group financial results Depr. & Amort.EBIT in CHF M 14 18 20 8 8 H1 2025 H1 2026 27 28 +5.7% PPA Amort. Depr. & Amort. 1 H1 2025 reported 2 One-time effects (1) H1 2025 excl. one- time effects (5 ) (4 ) H1 2026 excl. one- time effects One-time effects H1 2026 reported 0 Depreciation & Amortization • Depreciations are slightly increasing due to capitalization of finished projects from the past investment programs, including CHP Prüm • PPA amortizations almost stable (-3.6%) EBIT • EBITDA and slightly increased depreciations and amortizations are reducing the EBIT year-over-year H1 results 2026 | 25 August 2026
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Arbonia Group NWC, Capex and Free Cash Flow As reported, continuing operations (excl. Climate) in CHF M 15 58 47 89 9.7% 06 20251 7.4% 12 2025 14.1% 06 2026 -17.6% +88.5% NWC in % of NR NWC Free Cash Flow incl. discontinued operations Capex in % of net revenue NWC 13 10 7 7 6 5 7.4% H1 2024 5.4% H1 2025 3.6% H1 2026 20 17 12 -15.2% -30.9% in % of NR Strategic Capex Maintenance Capex H1 results 2026 | 25 August 2026 Comments • Seasonal increase in NWC compared to year end 2025 • Year-over-Year increase mainly driven by CHF 8.0 M guarantees due to divestment of Termovent and increases in receivables and inventories, partially related to higher revenues, raw materials, partially finished goods and higher stock at Garant • Capex is coming down as expected • Capex H2 '26 is expected to be higher than H1 '26 as some of the projects started during H1 • Proceeds from sale of Climate division of CHF 665.3 M, whereas 2026 includes the sale of Skyfens for CHF 3.7 M • Guarantees of CHF 8.0 M in 2026 due to divestment of Termovent – to be compensated by Midea • Income tax payments in 2026 mainly for Swiss holding companies primarily related to past divestments 1 excl. acquisitions RZB and Cicomol (immaterial impact) 618 -33 H1 2025 H1 2026 -105.3%
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in CHF M 173 146 11 26 Guarantee and Tax related to divestures 06 2026 (excl. Divesture effects) IFRS 16 Net Debt (excl. IFRS 16) H1 results 2026 | 25 August 2026 16 Net Debt development 105 121 157 27 28 26 06 2025 12 2025 06 2026 132 149 184 IFRS 16 Net Debt (excl. IFRS 16) Comments • Seasonal increase in NWC compared to year end 2025 • Year-over-Year increase mainly driven by increases in receivables and inventories, partially related to higher revenues, raw materials, finished goods and higher stock at Garant • NWC reduction measures already started with impact in H2 '26
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17 1. Overview 1. Overview 2. Business update 2. Business update 3. Group results 3. Group results 4. Market update 5. Outlook 5. Outlook QA Q&A Appendix Appendix
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H1 results 2026 | 25 August 2026 18 Market outlook Construction output by country (CAGR '26f – '28f) – promising outlook in all markets where Arbonia is present Residential Total building construction Arbonia CAGR '26 – '28 (%) CAGR '26 – '28 (%) Country Total 26f (EUR B) New Reno. Total Total 26f (EUR B) New Reno. Total Δ rev. vs. H1 25 Revenues share Δ vs. H1 251 DACH Germany 274.2 3.7 0.7 1.5 391.1 2.8 0.6 1.3 -3.7% 45% -4 PP Switzerland 34.6 1.4 1.6 1.5 58.6 1.5 1.8 1.7 +7.5% 18% +1 PP Austria 27.3 2.1 0.4 1.4 43.0 2.0 0.8 1.6 +11.1% 2% 0 PP Western Europe France 170.1 3.2 0.9 1.7 275.0 3.7 0.9 2.0 +19.7% 8% +1 PP Spain 105.1 4.7 1.0 3.5 162.3 3.8 1.2 2.9 12% 0 PP Portugal 15.0 4.0 2.0 2.6 24.6 4.3 2.7 3.4 3% 0 PP Central Eastern Europe CEE2 55.0 2.1 5.0 3.1 111.7 1.7 4.5 2.7 +21.7% 7% +1 PP Rest of Europe/World UAE, Benelux, Greece, etc. 5.0 3.1 1.7 4.5 2.7 +26.9% 5% +1 PP Italy 128.4 0.2 -2.0 -1.6 210.8 -1.5 -1.9 -1.8 n/a 0% n/a ARBN core markets ARBN export markets source: Euroconstruct 101 (June 2026) 1 compared with pro-forma revenues H1 '25 (incl. RZB & Cicomol) | 2 CEE (Poland, Czechia, Hungary, Slovakia)
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19 1. Overview 1. Overview 2. Business update 2. Business update 3. Group results 3. Group results 4. Market update 4. Market update 5. Outlook QA Q&A Appendix Appendix
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20 Updated 2026 guidance Rising EBITDA & lower Capex to drive FCF growth Continued organic revenue growth in 2026 by leveraging: • Geographic distribution • Project business and new sales channels • Disciplined pricing policy • … and supported by catch-up effect from H1 as well as full effect of additional price increases Revenue Adjusted EBITDA Free Cash Flow Margin expansion supported by • Savings due to CHP and favourable development of energy costs • Full-year effect of lower corporate costs • Restructuring of glass business • Further productivity gains and economies of scale • … but negatively impacted by SAP/ERP introduction at Garant FCF growth supported by EBITDA increase and declining Capex • Completion of main investment program will result in declining Capex • Coupled with growing EBITDA will drive FCF growth • Sale of non-operating assets will support FCF Guidance 2026 • 3 – 5% net revenue growth 1, from a revenue of CHF 622 M in 2025 • EBITDA, adjusted, will be broadly at level of previous year (CHF 57.3 M) 1 • CHF 15 – 20 M Free Cash Flow 1 1 assumes stable exchange rates (CHF/EUR of 0.93) and normal development of material costs H1 results 2026 | 25 August 2026
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21 Mid-term guidance (until 2029) confirmed Without one-time effects and M&A and full recovery of Garant • Raise market share • Market normalisation and recovery in Germany • Growth stimulus from interest rate cuts • Spare capacities after completed investment programme • Market expansion: development of new geographical markets and sales channels Revenue 1 Adjusted EBITDA 1 Capex and Free Cash Flow • Significant operational leverage, due to automation of the largest door plants brings competitive advantage and cost reduction • Economies of scale • Energy efficiency through automated, modern machinery and CHP plants • Improving profitability and cash flow due to lower investment costs • Strong deleveraging capability over period to 2029 due to positive cash flow development • Due to recent inflation, same investments would require significantly higher investments H1 results 2026 | 25 August 2026 Guidance 2029 • Net revenues: CHF 820 – 850 M in 2029 • EBITDA-margin: 14 – 15% in 2029 • Depreciation & amortisation (without PPA 2) expected to rise to 6.0 – 6.5% of net revenues, with positive effect on taxes • Reduction to Capex normalisation below 4% • Free Cashflow of CHF 55 – 65 M 3 • Enabling a dividend policy in the range of more than 30% of Net income and a maximum of 50% of Free Cash Flow 1 assumes stable exchange rates (CHF/EUR of 0.96) a market development as described in previous slides and normal development of material costs; includes initiatives for organic growth 2 PPA amortisation peaked in 2025 at CHF ~17 M and will decline to CHF ~16 M in 2026 with a further decline of CHF ~2 M thereafter 3 excl. one-time effects
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Building the clear market leader in Europe for doors with constant gain of market shares Established a platform for growth by accessing new markets and sales channels – strong momentum outside Germany with market share gains across key European markets and Middle East Strong demand, increased order backlogs and positive market outlook in all key markets of Arbonia with further improved market positions in H1 2026 Significant growth potential in specialised door business with higher margins – leveraging Arbonia project sales team serving clients for big projects on a European basis Gaining constant market shares in volume driven European DIY business – leading DIY chains acknowledge Arbonia's performance and European wide presence Best-in-class production footprint with completed investment programme/cycle and Arbonia Excellence programme to ensure high delivery performance Modern integrated system landscape enabling further procurement and manufacturing synergies and future data-driven leverage of AI Cost discipline by conducting strict "Performance Plus" program with significant reduction of costs and management layers – completion of Arbonia's transformation enables management to fully focus on its core business Why Arbonia Key takeaways H1 results 2026 | 25 August 2026 22 SAP implementation only with temporary downsides – mid-term goals remain unchanged
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23 1. Overview 1. Overview 2. Business update 2. Business update 3. Group results 3. Group results 4. Market update 4. Market update 5. Outlook 5. Outlook Q&A Appendix Appendix
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24 1. Overview 1. Overview 2. Business update 2. Business update 3. Group results 3. Group results 4. Market update 4. Market update 5. Outlook 5. Outlook QA Q&A Appendix
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Issues Action Plan Complex, fully integrated go-live – SAP, MES (machinery control) and Motis (warehouse management) launched in parallel Group-wide task force with strict KPI governanceand direct executive oversight; additional SAP expertise mobilised across the Group Number of door variance too high to be fully tested – in 2025, Garant produced ca. 800'000 doors, of which ca. 100'000 were produced only once Cross-functional task forces implemented to tackle issues immediately on the shop-floor Organisational readiness and planning proved insufficient for end-to-end scope; external contingencies (material shortages, machine failures) underestimated Intensified change management in manufacturing, with organisational and personnel measures taken where required Master data quality inadequate, reflecting a portfolio with billions of configuration variants Master data remediation completed, critical interface and integration issues eliminated Delivery backlogs, as faulty master data prevented production of certain products Delivery performance recovered– customer backlogs largely eliminated via workarounds now migrated into standard SAP processes Limited inventory transparency from incorrect bills of materials and booking practices; ~10% of processes required rework after go-live Inventory transparency re-established, enabling lower safety stocks and a release of working capital going forward H1 results 2026 | 25 August 2026 25 SAP/ERP introduction Garant Action plan and issues Decisive actions with improvements visible this summer and a clear goals to bring Garant back on -track for 2027
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Europe: Development of residential construction markets Arbonia's main markets 311 220 177 198 208 222 236 -2% 19.6% 12.2% 5.2% 6.6% 6.4% 264 263 221 176 169 178 190 -14% -16.1% -20.3% -3.9% 5.2% 6.6% 2022 2023 2024 2025 2026f 2027f 2028f 55 55 56 57 58 58 59 +1% 3.9% 2.0% 1.4% 0.9% 0.9% 47 47 46 46 47 48 49 0% -1.5% -1.1% 2.6% 1.9% 1.9% 2022 2023 2024 2025 2026f 2027f 2028f 109 109 128 139 145 150 155 0% 16.7% 8.1% 5.1% 3.5% 3.3% 89 88 98 95 110 125 135 0% 11.6% -2.9% 15.8% 13.6% 8.0% 2022 2023 2024 2025 2026f 2027f 2028f 08.2026 Forecast 01.2026 Forecast H1 results 2026 | 25 August 2026 26 1 according to B+L 01/2026 und 08/2026 | 2 according to Euroconstruct 11/2025 and 06/2026 | 3 construction starts instead of permits for Spain – permits are not tracked Germany 1 Switzerland 2 Spain 2 Permits 3Completions
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Germany: Current market developments Residential building permits 1 Figures include only residential units in newly constructed residential buildings (BTK-GEB-NEU); source: Federal Statistical Office of Germany (Destatis) Single-family homesMulti-family homes 1 Two-family homesResidential construction Number of approved residential units in newly constructed residential buildings Jan-Jun 2025 Jan-Jun 2026 57,342 67,017 +16.9% Jan-Jun 2025 Jan-Jun 2026 21,282 23,990 +12.7% Number of approved residential units Number of approved residential unitsNumber of approved residential units Share in new residential construction 70% 30% Jan-Jun 2025 Jan-Jun 2026 84,670 98,703 +16.6% Jan-Jun 2025 Jan-Jun 2026 6,046 7,696 +27.3% Building permits in Germany continue to rise – recovery is now being led by important multi-family markets 27H1 results 2026 | 25 August 2026
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H1 results 2026 | 25 August 2026 28 Germany: Market developments through 2028 Interior doors market The German interior door market has contracted for four consecutive years 2026 is expected to mark the first return to growth However, in 2026 the market volume will still be approximately 20% below the levels seen in 2020–2022 B+L Germany 8.9 9.0 8.8 7.9 7.2 7.17.1 7.2 7.4 7.8 2.0 -2.1 -10.7 -9.2 -1.3 1.3 3.3 4.8 2020 2021 2022 2023 2025 2026f 2027f 2028f2024 • Due to war in Ukraine, inflation, high construction costs and rising interest rates, Germany experienced a significant decline since mid-2022, especially in residential construction • After a sharp drop of -10.7% in 2023 and -9.2% in 2024, only a slightly decline of -1.3% in 2026, due to robust renovation markets and overhang of open permits • A return to growth for 2026 is anticipated, threatened by Middle East escalation Development of total interior door potential in Germany until 2027 D – total interior doors (in M doors) Year-on-year change ( in %) source: B+L Outlook Innentüren 2026
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1 Arbonia revenue share in 2025 including Dimoldura and Lignis | source: Euroconstruct 101st Report (June 2026) H1 results 2026 | 25 August 2026 29 Euroconstruct (June 2026): Market outlook DACH New residential construction 94.0 2022 83.1 2023 67.5 2024 63.1 2025 65.3 2026f 68.2 2027f 70.3 2028f -25% +4.5% In EUR billion at 2025 prices Share 2025 rev. 1 49% CAGR 26-28 new built CAGR 26-28 renovation CAGR 26-28 total +3.8% +0.7% +1.5% 24.8 2022 22.9 2023 22.5 2024 22.3 2025 22.7 2026f 23.0 2027f 23.4 2028f -6% +1.4% 19% +1.4% +1.6% +1.5% 22.9 2022 20.1 2023 17.7 2024 16.8 2025 16.8 2026f 17.0 2027f 17.5 2028f -23% +0.9% 2% +2.1% +0.4% +1.4% Total 70% +3.0% +0.8% +1.5%
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H1 results 2026 | 25 August 2026 30 Euroconstruct (June 2026): Market outlook Western Europe 58.7 2022 59.2 2023 61.4 2024 65.9 2025 69.2 2026f 72.6 2027f 75.9 2028f +29% +5.0% 12% +4.7% +1.0% +2.6% 75.6 2022 69.3 2023 58.9 2024 53.2 2025 56.6 2026f 58.7 2027f 60.3 2028f -20% +3.6% 6% +3.2% +0.9% +1.7% 3.2 2022 3.5 2023 3.9 2024 4.1 2025 4.3 2026f 4.4 2027f 4.6 2028f +45% +4.1% 1% +4.0% +2.0% +2.6% Total 19% +4.0% +1.0% +2.4% 1 Arbonia revenue share in 2025 including Dimoldura and Lignis | source: Euroconstruct 101st Report (June 2026) New residential construction In EUR billion at 2025 prices Share 2025 rev. 1 CAGR 26-28 new built CAGR 26-28 renovation CAGR 26-28 total
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H1 results 2026 | 25 August 2026 31 Euroconstruct (June 2026): Market outlook Central Eastern Europe 1% Total 6% +2.1% +5.0% +3.1% 1% 3% 1% 12.8 2022 13.0 2023 13.5 2024 15.0 2025 15.6 2026f 15.9 2027f 16.4 2028f +27% +2.2% +2.5% +6.2% +3.9% 13.2 2022 12.9 2023 12.4 2024 12.6 2025 12.6 2026f 12.7 2027f 12.9 2028f -2% +1.2% +1.4% +3.8% +2.1% 3.5 2022 3.1 2023 3.0 2024 3.6 2025 3.8 2026f 3.9 2027f 4.0 2028f +13% +3.0% +2.4% +5.6% +3.9% 3.5 2022 3.7 2023 3.5 2024 3.3 2025 3.3 2026f 3.3 2027f 3.4 2028f -1% +1.2% +2.3% -0.6% +1.5% 1 Arbonia revenue share in 2025 including Dimoldura and Lignis | source: Euroconstruct 101st Report (June 2026) New residential construction In EUR billion at 2025 prices Share 2025 rev. 1 CAGR 26-28 new built CAGR 26-28 renovation CAGR 26-28 total
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Revenue breakdown Arbonia Including FX effects, continuing operations 45% 18% 7% 7% 3% 4% DE CH 12% ES CEE1 FR 2% NL/BE 2% AT Others PT 1 CEE: Poland, Czech Republic, Hungary, Slovakia | 2 incl. revenue of Cicomol/RZB in 2025 (pro-forma) H1 2025 (pro-forma) 2 H1 2026 49% 17% 12% 6% 6% 3% 2% 3% DE CH ES CEE1 FR NL/BE 1% AT Others PT 32H1 results 2026 | 25 August 2026
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H1 results 2026 | 25 August 2026 37 Organic growth and FX effects Ø M06 2026 Budget ∆ in % Ø M06 2025 ∆ in % EUR / CHF 0.9200 0.930 -1.1% 0.9410 -2.2% CZK / CHF 3.7848 3.800 -0.4% 3.7603 0.7% PLN / CHF 21.7117 22.000 -1.3% 22.1563 -2.0% RUB / CHF 1.0038 0.900 11.5% 0.9675 3.8% Net revenues as reported in CHF M H1 2026 H1 2025 Δ Year Total FX effect Acq. effect Organic growth1 Arbonia Group 318.2 307.2 +3.6% -1.8% +3.1% +2.3% Wood Solutions 257.4 245.0 +5.1% -1.9% +4.1% +2.9% Glass Solutions 60.7 61.6 -1.4% -1.7% +0.0% +0.3% 1 adjusted for FX and acquisitions
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38 Overview of European interior doors market Financial performance vs. Jeld-Wen in H1 Net revenues in Madj. EBITDA in M 307.2 318.2 CHF 409.9 1 CHF 451.2 1 513.5 558.7 +9% +4% H1 2025 H1 2026 27.7 20.3 26.1 23.8 5.4% 4.3% 2 3.6% 2.6% 2 8.5% 7.5% -27% -9% source: Interconnection Consulting Market Overview Doors in Europe 2024 | note: market share is a blend of studies and management estimates 1 converted into CHF (USD/CHF 0.7983 for H1'25 & USD/CHF 0.8076 for H1'26) | 2 allocation of Jeld-Wen's "corporate and unallocated costs" according to revenue share of the European business (H1 '25: 32.1%; H1 '25: 36.3%) EBITDA margin (adj.) Jeld-Wen Europe Arbonia Group Org. growth of 2.0% Org. growth of 2.3% in USD in CHF H1 results 2026 | 25 August 2026 Goal: Achieving clear market leadership ~20% Jeld-Wen ~10% Arbonia ~70% Others 28 M interior doors EUR 5.2 B total market Long-tail of national door producers Market share 2024
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Arbonia AG Amriswilerstrasse 50, CH-9320 Arbon www.arbonia.com Thank you! Investor Relations ir@arbonia.com