Slides
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FORBO GROUP PRESENTATION HALF - YEAR RESULTS 2026 Johannes Huber Chief Executive Officer Heinz Hössli Chief Financial Officer MEDIA AND FINANCIAL ANALYST MEETING JULY 28, 2026
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AGENDA 2 Media and financial analyst meeting WELCOME & INTRODUCTORY REMARKS JOHANNES HUBER BUSINESS SUMMARY FIRST HALF - YEAR 2026 JOHANNES HUBER FINANCIAL RESULTS FIRST HALF - YEAR 2026 HEINZ HÖSSLI ACTIVITIES, FOCUS & OUTLOOK 2026 JOHANNES HUBER QUESTIONS & ANSWERS
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3 HEINZ HÖSSLI ABOUT MYSELF Media and financial analyst meeting Born 1969, Swiss, married (Mexican wife), two adult boys and a dog Swiss Certified Public Accountant (CPA) from EXPERTsuisse, Zurich MBA from Duke University’s Fuqua School of Business in Durham (USA) INTERROLL (6 yrs) ▪ Group CFO BÜHLER (21 yrs) ▪ CFO/Vice President Advanced Materials ▪ Various leadership roles as CFO in different country subsidiaries and business units of Bühler ERNST & YOUNG and smaller advisory firms (until 1999) ▪ Auditor
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JOHANNES HUBER BUSINESS SUMMARY FIRST HALF - YEAR 2026 4 Media and financial analyst meeting
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5 FORBO GROUP UPDATE ASSESSMENT FROM MARCH Media and financial analyst meeting Strong foundation → confirmed ▪ Well known brand ▪ Broad and differentiated product portfolio ▪ Passionate and competent team Challenges → addressed ▪ Hierarchical/inward - oriented culture → turn - around in progress with very good momentum ▪ Inefficiencies in operations → can be solved but will take time ▪ Weak growth → new go to market strategy in development
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FORBO GROUP MARKET ENVIRONMENT Market development ▪ Construction market still weak, esp. in Europe and the U.S. ▪ Logistics market has returned to growth, food market maintains positive development ▪ Overall economic activity remains resilient despite geopolitical uncertainty Other key external factors ▪ Iran conflict drives higher material, energy and logistics costs ▪ U.S. tariffs remain volatile ▪ Continued negative currency effects, while USD stabilized in Q2 6 Media and financial analyst meeting
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FORBO GROUP PERFORMANCE FIRST HALF - YEAR 2026 - KEY MESSAGES Positive momentum ▪ Growth: +4.0% growth in local currencies ▪ Operating profit (OP): - 2.3% vs. prior year (+8.4% without one - offs) ▪ Movement turnaround: shows first results ▪ Motivated team: ready for change Challenges ▪ Resolving operational problems: takes time, as expected ▪ Iran war: mastering the implications ▪ Sustainable volume growth: on top of required price increases 7 Media and financial analyst meeting
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HEINZ HÖSSLI FINANCIAL RESULTS FIRST HALF - YEAR 2026 8 Media and financial analyst meeting
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FORBO GROUP NET SALES ▪ Net sales in local currencies increased by 4.0% (in CHF - 0.2%): ▪ Flooring Systems by 2.2% in local currencies ▪ Movement Systems by 7.9% in local currencies ▪ Volume increased overall by 1.5% and prices by 2.5% 9 Media and financial analyst meeting 370.4 374.9 175.4 172.1 H1 2026 H1 2025 Movement Systems Flooring Systems CHF m 546.9545.7
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FINANCIAL OVERVIEW – INCOME STATEMENT FULL YEAR 2022 FORBO GROUP CONSOLIDATED INCOME STATEMENT ▪ Gross margin +0.5% - points despite higher energy and logistics costs ▪ Operating profit increased by 8.4%, excluding CHF 4.6m one - offs from structural adjustments ▪ Financial result driven by negative FX impacts 10 Media and financial analyst meeting CHF MILLION H1 2026 H1 2025 ∆ Net sales 545.7 546.9 - 0.2% Gross profit margin 34.5% 34.0% EBITDA 66.5 67.6 - 1.6% EBITDA margin 12.2% 12.4% Operating profit (EBIT) 41.9 42.9 - 2.3% EBIT margin 7.7% 7.8% Financial result - 2.2 0.3 Profit before taxes 39.7 43.2 - 8.1% Income taxes - 8.9 - 9.8 - 9.2% Profit 30.8 33.4 - 7.8% Earnings per share undiluted in CHF 21.66 23.70 - 8.6%
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FINANCIAL OVERVIEW – INCOME STATEMENT FULL YEAR 2022 FORBO GROUP EBIT – BRIDGE (CHF MILLION) 7.8% 7.7% EBIT margin 11 Media and financial analyst meeting 5.2 12.3 EBIT H1 2026 One-offs items -4.6 FX -2.1 Indirect cost -4.2 42.9 41.9 Production cost -1.7 Raw material -5.9 PriceVolume / Mix EBIT H1 2025 -2.3%
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FORBO GROUP CONSOLIDATED CASH FLOW STATEMENT ▪ First half - year is seasonally low in operating cash flow ▪ Cash flow from operating activities improved due to lower net working capital outflows ▪ Investments include the new U.S. Flotex plant and various replacement projects 12 Media and financial analyst meeting CHF MILLION H1 2026 H1 2025 Cash flow from operating activities 12.9 - 14.6 Cash flow from investing activities - 16.0 - 15.8 Free cash flow - 3.1 - 30.4 Cash flow from financing activites - 34.5 - 36.1 Change in cash and cash equivalents - 37.6 - 66.5 Cash and cash equivalents January 1 90.2 109.1 Change in cash and cash equivalents - 37.6 - 66.5 Translation differences on cash 1.3 - 0.9 Cash and cash equivalents June 30 53.9 41.7 Net cash June 30 53.9 34.2
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FLOORING SYSTEMS NET SALES ▪ Net sales of CHF 370.4m in H1 2026 ( - 1.2% in CHF) ▪ 2.2% increase in local currencies: ▪ 0.2% volume increase ▪ 2.0% price increase ▪ Net sales by region, in local currencies: 13 Media and financial analyst meeting FLOORING SYSTEMS NET SALES 13 Media and financial analyst meeting Europe +2.4% Americas – 0.4% APAC +6.3%
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FLOORING SYSTEMS INCOME STATEMENT 14 Media and financial analyst meeting CHF MILLION H1 2026 H1 2025 ∆ Net sales 370.4 374.9 - 1.2% EBITDA 47.4 51.5 - 8.0% EBITDA margin 12.8% 13.7% Operating profit (EBIT) 33.7 37.7 - 10.6% EBIT margin 9.1% 10.1% FTE (30.6.) 2,765 2,825 - 2.1% Investments 10.2 9.6 6.3% ▪ Operational issues addressed, but it will take time to resolve them ▪ Strict cost management, FTEs reduced despite volume growth ▪ Excluding one - off items of CHF 2.0m, operating profit declined by 5.3%
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MOVEMENT SYSTEMS NET SALES ▪ Net sales of CHF 175.4m in H1 2026 (+ 1.9% in CHF) ▪ 7.9% increase in local currencies: ▪ 4.6% volume increase ▪ 3.3% price increase ▪ Net sales by region, in local currencies: 15 Media and financial analyst meeting NET SALES 15 Media and financial analyst meeting APAC +11.0% Europe +8.0% Americas +5.5%
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MOVEMENT SYSTEMS INCOME STATEMENT 16 Media and financial analyst meeting CHF MILLION H1 2026 H1 2025 ∆ Net sales 175.4 172.1 1.9% EBITDA 23.1 19.4 19.1% EBITDA margin 13.2% 11.3% Operating profit (EBIT) 12.6 8.9 41.6% EBIT margin 7.2% 5.2% FTE (30.06.) 2,389 2,387 0.1% Investments 3.7 4.3 - 14.0% ▪ Profit rebound thanks to strong sales growth in local currencies; U.S. business returned to profitability ▪ Strict cost management, FTEs stable despite volume increase ▪ Excluding one - off items of CHF 2.6m, operating profit increased by 71%
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FORBO GROUP ACTIVITIES, FOCUS AND OUTLOOK 17 Media and financial analyst meeting
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18 FORBO GROUP OUTLOOK 2026 Media and financial analyst meeting Environment stays challenging, with positive signs ▪ Weak construction industry , esp. in Europe and the U.S. ▪ Some market segments in Movement with growth , e.g. Logistics ▪ Overall volatility from U.S. tariffs or Iran war will remain ▪ CHF stays strong , but USD seems to stabilize Internal factors influencing growth and profit in 2026 ▪ Organization strengthened: New CFO, new Movement structure & leadership, new Flooring global head of sales ▪ Strong positive team dynamic , reinforced through clarity from our new midterm plan ▪ Sales Performance Management, to sustain the growth momentum ▪ Operational improvements, and strict cost management
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19 FORBO GROUP FINANCIAL OUTLOOK FOR 2026 Media and financial analyst meeting We confirm our guidance: For the 2026 financial year, Forbo expects slightly lower sales due to currency effects and slightly higher operating profit than in the previous year. Capital market day on October 21, 2026 , to share our mid term plan until 2029
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20 Media and financial analyst meeting QUESTIONS & ANSWERS
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21 DISCLAIMER By attending the meeting where this presentation is made or by reading the presentation slides you agree to be bound by the f oll owing limitations: The information in this document has been prepared by Forbo. It does not constitute a recommendation regarding the securities of Forbo. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy , c ompleteness, or correctness of the information, or opinions contained herein. Neither Forbo nor any of Forbo's advisors or representatives shall have any respon sib ility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in co nnection with this document. The information set out herein may be subject to updating, completion, revision, verification, and amendment, and such informatio n m ay change materially. This presentation is based on the economic, regulatory, market, and other conditions as in effect on the date hereof. It shou ld be understood that subsequent developments may affect the information contained in this document, which neither Forbo nor its advisors are under an obligat ion to update, revise, or affirm. The information communicated in this document contains certain statements that are or may be forward - looking. These statements t ypically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward - looking statements involve risk and un certainty because they relate to events and depend on circumstances that will occur in the future. Investment in Forbo will also involve certain risks. There may be add itional material risks that are currently not considered to be material or of which Forbo and its advisors or representatives are unaware. Against the background of th ese uncertainties, readers should not rely on these forward - looking statements. Forbo assumes no responsibility to update forward - looking statements or to adapt them to fu ture events or developments. This document and the information contained herein do not constitute an offer or invitation to purchase any securities of For bo. In particular, they do not constitute a prospectus in the sense of article 652a or 1156 of the Swiss Code of Obligations, respectively, nor do they constitute a list ing advertisement in the sense of the Listing Rules of the SIX Swiss Exchange. The securities of Forbo have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered, sold, or delivered within the United States or to US persons absent from registration under or an applicable exemption from the registration requirements of the United States securities laws. Neither these slides nor any copy of them may be taken or tra nsm itted into or distributed in Canada, Australia, Japan, or any other jurisdiction which prohibits the same except in compliance with applicable securities laws. An y f ailure to comply with this restriction may constitute a violation of United States or other national securities laws. Media and financial analyst meeting