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FY 2025 RESULTS 26 FEBRUARY 2026
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| This document is for information purposes only and does not constitute an offer to sell, exchange or buy, or an invitation to make offers to buy, securities issued by any of the companies mentioned. This financial information has been prepared in accordance with international financial reporting standards (IFRS). However, as it has not been audited, the information is not definitive and may be modified in the future. The assumptions, information and forecasts contained herein do not guarantee future results and are exposed to risks and uncertainties; actual results may differ significantly from those used in the assumptions and forecasts for various reasons. The information in this document may contain statements regarding future intentions, expectations or projections. All statements, other than those based on historical facts, are forward-looking statements, including, without limitation, those regarding our financial position, business strategy, management plans and objectives for future operations. Such forward-looking statements are affected, as such, by risks and uncertainties, which could mean that what actually happens does not correspond to them. These risks include, amongst others, seasonal fluctuations that may change demand, industry competition, economic and legal conditions, tariffs or restrictions on free trade and/or political instability in the markets where the Fluidra group operates or in those countries where the group's products are manufactured or distributed. Fluidra makes no commitment to issue updates or revisions concerning the forward-looking statements included in this financial information or concerning the expectations, events, conditions or circumstances on which these forward-looking statements are based. In any event, Fluidra provides information on these and other factors that may affect the company's forward-looking statements, business and financial results in documents filed with the Spanish national securities market commission. We invite all interested persons or entities to consult these documents. Alternative Performance Measures (APMs) This document and any related conference call or webcast (including a Q&A session) contain, in addition to the financial information prepared in accordance with IFRS, alternative performance measures (‘APMs’) as defined in the Guidelines issued by the European Securities and Markets Authority (‘ESMA’) on October 5, 2015. APMs are used by Fluidra’s management to evaluate the group’s financial performance, cash flows or financial position in making operational and strategic decisions for the group and therefore are useful information for investors and other stakeholders. Certain key APMs form part of executive directors, management and employees’ remuneration targets. APMs are prepared on a consistent basis for the periods presented in this document. They should be considered in addition to IFRS measurements, may differ to definitions given by regulatory bodies relevant to the group and to similarly titled measures presented by other companies. They have not been audited, reviewed or verified by the external auditor of Fluidra. For further details on the definition, explanation on the use, and reconciliation of APMs, please see the appendix as well as the “Alternative performance measures” document from our website here (link). DISCLAIMER DISCLAIMER 2
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| Xavier Tintoré CFO Eloi Planes Executive Chairman Jaime Ramírez CEO ON THE CALL TODAY 3
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| • Strong FY 2025 performance, sales up 7%(1) and Adjusted EBITDA up 9%(1), testament to the strength of our platform • Volume growth across all regions • Continued market share gains • Solid gross margin, driven by the Simplification Program • Good cash generation, reduced leverage • Confidence in the future of our business – proposed dividend of €0.65 per share, up 8%, in line with policy • Introducing FY 2026 guidance – expecting sales growth and EBITDA margin expansion • Executing on our strategy and investing to strengthen the business for the long-term and further improve returns: • Accelerate growth • Foster competitive differentiation • Enhance operational excellence (1) At constant FX |4 KEY MESSAGES
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| 1,368 2,184 Sales (€M) 269 501 Adj. EBITDA (€M) and margin (%) 0.54 1.30 Adjusted EPS (€/share) 12% 18% ROCE (%) 2019 2025 +60% CAGR c.8% 2019 2025 CAGR c.11% 19.7% 22.9% 2019 2025 CAGR c.16% 2019 2025 >610 bps In addition to financial information prepared in accordance with IFRS, this presentation includes Alternative Performance Measures (‘APMs’). For further details on the definition, explanation on the use, and reconciliation of APMs, please see the Appendix. SUSTAINED GROWTH AND RETURN EXPANSION OVER THE LAST 6 YEARS 5 E +86% +141%
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| 477 501 Adj. EBITDA (€M) and margin (%) 2024 2025 17% 18% ROCE (%) 2024 2025 1,132 1,087 Net debt (€M) 2024 2025 0.55 0.60 Dividend paid (€/share) 2024 2025 1.21 1.30 Adj. EPS (€/share) 2024 2025 22.7% 22.9% 2.2x2.4x +9%(1) (0.2x) +9% +14%(1) • Higher sales growth • Margin expansion • Improved return on capital and return to shareholders • Reduced leverage after funding acquisitions +150 bps (1) At constant FX 2,102 2,184 Sales (€M) 2024 2025 +7%(1) 6 2025 STRONG EXECUTION DESPITE UNFAVORABLE FX
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| VOLUME GROWTH ACROSS ALL REGIONS, POSITIVE PRICE AND M&A OFFSETTING FX HEADWIND OUTSTANDING ORGANIC PERFORMANCE 7 FY ’24 FX Perimeter Price Volume FY ’25 2,102 2,184 4%2%1%(3%) (61) 20 41 83 4% Sales YoY % growth at const. FX & perimeter % of Group’s sales Q4 2025 FY 2025 FY 2025 Southern Europe 9% 4% 26% Rest of Europe 0% 4% 13% North America 3% 7% 44% Rest of the World 5% 7% 17% Total 4% 6% 100%
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| Culture, talent and organization Finance discipline Technology, data and Digital Ongoing transformation Sustainability roadmap Accelerate growth Enhance operational excellence Foster competitive differentiation POSITIONING THE BUSINESS FOR GROWTH AND MARGIN EXPANSION |8 EXECUTING ON OUR STRATEGY TO DELIVER LONG-TERM VALUE
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| EXECUTING ON OUR STRATEGY TO DELIVER LONG-TERM VALUE 9 2025 achievements • Market share gains • Commercial excellence – pricing and go-to-market • Acquisitions of Aiper and Powerplastics • Agreement to buy VarioPool • “Supplier of the Year” in the U.S. - 5 years in a row Accelerate growth |9
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| 2025 achievements 10 • Transformation and globalization of R&D function - accelerated speed to market • Rolling out PoolTrackr SaaS - improving pool professional’s experience • New product sales - 19% of total • Invested €64M in R&D (c. 3% of sales) • New global R&D center in China Foster competitive differentiation EXECUTING ON OUR STRATEGY TO DELIVER LONG-TERM VALUE |10
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| INNOVATION - A KEY LEVER TO WIN IN THE MARKET 11 Drop-in upgrades for the aftermarket Jandy - Service Light Lights Step-change innovation for a next-gen customer experience Jandy - Echo Cartridge filter Jandy - SpeedSet+ Variable-speed pump Jandy - Edge Automation Astralpool - Cellguard Salt-water chlorinator
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| EXECUTING ON OUR STRATEGY TO DELIVER LONG-TERM VALUE 12 • Simplification Program delivered - €100M savings & >500 bps in gross margin since inception Enhance operational excellence 2025 achievements • Technology to unlock efficiencies (S&OP tools, new ERP) • New plan to unlock competitiveness - €120M in savings • Building a more agile, cost-effective and resilient global supply chain |12
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| | J 13 Strategic supplier management NEW EFFICIENCY PLAN 2026-2030 TO ENHANCE COMPETITIVENESS Redesign to add value “DtV” Flexible and scalable industrial footprint 0 20 60 120 2026 2027 2028 2029 2030 Gross margin Opex 75% 25% Gross Margin Opex Savings - P&L split Savings - Phasing €120M Note: this program involves estimated non-recurring expenses of approximately €50M OPPORTUNITY TO DELIVER ADDITIONAL €120M IN PRODUCTIVITY AND COST SAVINGS 2026-2030
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| FY results €M 2024 % Sales 2025 % Sales Evol. 25/24 Sales 2,102 100% 2,184 100% 3.9% Gross margin 1,190 56.6% 1,236 56.6% 3.9% Opex 712 33.9% 735 33.6% 3.1% Adjusted EBITDA 477 22.7% 501 22.9% 5.0% D&A (non-PPA related) 98 4.6% 106 4.8% 8.2% Adjusted EBITA 380 18.1% 395 18.1% 4.1% Amortization (PPA related) 63 3.0% 57 2.6% (9.5%) Restructuring, M&A, integration expenses and SBC 57 2.7% 29 1.3% (49.3%) Financial result 67 3.2% 66 3.0% (0.3%) Income tax expense 51 2.4% 64 2.9% 25.5% Profit/loss attributable to NCI 4 0.2% 3 0.1% (29.5%) Profit/loss attributable to the parent 138 6.6% 176 8.1% 27.5% Adjusted net profit 233 11.1% 250 11.5% 7.6% Notes: SBC = Stock based compensation expense; NCI = Non-controlling interests • Sales up 4% YoY, 7% if adjusted for currency, with growth across all regions • Gross margin stable YoY benefitting from the Simplification Program, which offsets inflation and negative geographic and product mix effects • Operating expenses reflect labor, logistics and general costs inflation together with continued investment in digitalization and growth. M&A contributed around €6M • Adjusted EBITDA 5% up YoY, 9% if adjusted for currency, with margin % slightly up YoY • Restructuring, M&A and integration expenses significantly down as expected • Strong profit improvement, up 28% YoY • Adjusted net profit 8% up YoY 14 GROWING SALES, ADJUSTED EBITDA AND NET PROFIT
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|15 STRONG CASH FLOW GENERATION AND INVESTING FOR GROWTH 1,132 1,087 Net debt at 31 December 2024 Adj.EBITDA Tax & interest Working capital Capex M&A Dividends Others Net debt at 31 December 2025 2.4x 2.2x (1) Net debt to Adjusted EBITDA ratio (2) “Others” mainly includes lease payments, FX and non-recurring items. For more details, please see slide 31 in the appendix (1) (1) (2) • Strong cash generation, while ‐ investing in the business to grow organically and inorganically ‐ remunerating our shareholders with consistent dividend policy • Improved leverage ratio supported by improved performance and FX tailwind 101 23 71 113 117 31(501) (1)
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|16 AIPER – COMPLEMENTARY STRENGTHS TO WIN IN A GROWING MARKET X Fast-growing, technology driven and innovative cordless robotic pool cleaning player. Cleaner market remains largely underpenetrated, with adoption rates still below 25% Attractive consumer brand, omnichannel go-to-market approach in category with substantial growth opportunity, which is disrupting incumbent players, including Fluidra Initial 27% investment completed for $100million. Phase II involves increasing interest to > 51% (cash or in kind) when reaching i) Sales $370M and ii) 15% EBITDA margin (IFRS basis) Strategic partnership unlocking value by bringing together Fluidra’s global expertise, scale and capabilities with Aiper’s advanced technology and consumer focus + 1 2 3 4
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|17 AIPER – TECHNOLOGY, GROWTH & INNOVATION IN POOL CLEANING Impressive sales performance ($M) Estimated global market share (%) 56%35% 9% North America Europe Rest of the world 112 195 257 400 2023 2024 2025 26% 20% 54% Aiper Fluidra Other players37% CAGR Sales across regions (%) EXPECT TO COMPLETE PHASE II BY 2027 2027E Well invested R&D powerhouse and strong consumer brand – opportunity to leverage Top player in key markets, with diversified international exposure Creates a leading global platform in robotic pool cleaners Actuals Estimated Note: shares estimated at retail prices; market definition and sources may vary
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| • Positive sales outlook: - Flat development in new pools and remodel - Positive aftermarket growth (maintenance and repair) - Commercial pool moderate growth - Market share gains - Low-single-digit price contribution - Positive M&A contribution • EBITDA margin expansion: - Inflation in raw materials as well as in labor, more than offset by the contribution from the new efficiency plan and cost control measures - Continue to invest for differentiation in innovation and digital 18 2026 OUTLOOK J Guidance for FY 2026 (at constant FX) Sales (YoY %) +3% to +7% Adjusted EBITDA margin (% of sales) 23.3% to 24.3% Adjusted EPS (YoY %) +4% to +13% Note: Average EURUSD for FY 2025 was 1.13
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| • Strong performance FY, with growth across all regions • Solid gross margin, driven by the Simplification Program • Ready for 2026, encouraged with solid underlying demand. Cost control and new efficiency plan in place to continue margin enhancement • Confident in our future: focused on executing our strategy, growing organically and inorganically, and delivering improving returns on capital over the medium term in an industry with attractive structural growth SUMMARY 19 |19
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APPENDIX |20
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| 21 WHY FLUIDRA WINS Leaders in customer-centric innovation, connectivity and sustainable pools – creating competitive differentiation Outstanding financial performance – growth and shareholder value creation enables optimal access to capital 1 #1 player with unique footprint and broadest product offering. Focus on operational excellence Excellent M&A track record and consistent capital allocation 2 3 5 Global leader in a structurally attractive industry, with long-term growth underpinned by resilient aftermarket Experienced and talented team4 |21
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|22 READY FOR OUR NEXT PHASE OF DEVELOPMENT • #1 player worldwide, with diversified presence • Broadest product portfolio in the industry • Gained share to become #2 player in the US 2007-2017 POST IPO – PRE-MERGER 2018-2025 POST MERGER – TODAY Future NEXT PHASE OF GROWTH From €650M to €780M c.2% Sales CAGR 12.7% Adj. EBITDA margin 2017 c.11% average ROCE From €1.3bn to €2.2bn c.8% Sales CAGR 22.9% Adj. EBITDA margin 2025 From 11% to 18% ROCE • Reinforcing leadership and growing in high potential products and regions • Boosting innovation, digital, and product development • Maximizing productivity and efficiency along the value chain +6% to +8% annual sales growth >25% Adj. EBITDA margin >17% ROCE • Mostly European focused, with marginal presence in the US and more exposed to new construction • Restructuring and divesting non-pool businesses • #1 player in Europe and APAC
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|23 MEDIUM-TERM FINANCIAL OBJECTIVES Installed base growth Avg. Ticket on Equipment New Build growth Weather Market share gains Inorganic growth Market growth +4% to +6% +2% Additional Fluidra growth +/-1% Medium-term targets Annual sales growth Adjusted EBITDA margin ROCE >25% >17% +6% to+8%
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| CONSISTENT CAPITAL ALLOCATION TO GENERATE VALUE – UNCHANGED FRAMEWORK Resilient balance sheet: Target to run the business at approximately 2x leverage in the medium term Value-accretive acquisitions • Acquisitions (>1% of sales CAGR) • Investment criteria focused on growth and returns above cost of capital by year 3 Dividends and others • Dividend payout ratio around 50% of Adjusted EPS • Additional returns if surplus cash (buy-backs or specials) Group RoCE target >17% Organic growth • Invest for growth and innovation • Capex inc. R&D (c.3% of net sales) Accumulated cash deployment since 2019 (c.€1.8bn) 25% 38% 36% 1 2 3 24
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| 128 203 321 143 249 169 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 United States France Spain Germany Australia NEW POOLS CURRENTLY AT HISTORICAL LOW LEVELS Will drive growth as they return to normalized levels in the mid-term Residential new pools: top 5 countries (thousand units) 1980-2025 avg: 214k units Correction from the overbuilding in the prior decade 2015-2025 avg: 208k units Top 5 countries: Around 55% of global installed base >70% Fluidra’s sales TBU 25
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| Q4 €M 2024 % Sales 2025 % Sales Evol. 25/24 Const. FX Constant perimeter Const. FX & Perimeter Southern Europe 69 15% 76 17% 10.2% 10.4% 9.1% 9.3% Rest of Europe 40 9% 42 9% 5.5% 5.2% 0.5% 0.2% North America 244 53% 230 50% (6.0%) 2.7% (6.0%) 2.7% Rest of the World 111 24% 111 24% 0.4% 6.2% (0.3%) 5.4% Total 465 100% 460 100% (1.1%) 4.9% (1.8%) 4.1% 26 SALES BY GEOGRAPHY FY €M 2024 % Sales 2025 % Sales Evol. 25/24 Const. FX Constant perimeter Const. FX & Perimeter Southern Europe 544 26% 573 26% 5.3% 5.4% 4.4% 4.4% Rest of Europe 268 13% 288 13% 7.6% 7.4% 3.8% 3.6% North America 935 44% 959 44% 2.6% 7.5% 2.6% 7.5% Rest of the World 356 17% 364 17% 2.3% 7.9% 1.3% 6.9% Total 2,102 100% 2,184 100% 3.9% 7.0% 3.0% 6.1%
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| Q4 €M 2024 % Sales 2025 % Sales Evol. 25/24 Const. FX & Perimeter Pool & Wellness 459 99% 453 98% (1.3%) 3.9% Residential 333 72% 322 70% (3.2%) 2.3% Commercial 42 9% 45 10% 6.5% 11.6% Residential Pool Water Treatment 64 14% 66 14% 3.4% 7.8% Fluid Handling 20 4% 20 4% (2.2%) 1.2% Irrigation, Industrial & Others 6 1% 7 2% 20.6% 21.7% Total 465 100% 460 100% (1.1%) 4.1% 27 SALES BY BUSINESS UNIT FY €M 2024 % Sales 2025 % Sales Evol. 25/24 Const. FX & Perimeter Pool & Wellness 2,069 98% 2,147 98% 3.8% 6.0% Residential 1,488 71% 1,532 70% 3.0% 5.3% Commercial 185 9% 200 9% 8.6% 10.0% Residential Pool Water Treatment 304 14% 321 15% 5.4% 7.6% Fluid Handling 92 4% 93 4% 1.7% 3.5% Irrigation, Industrial & Others 33 2% 37 2% 11.7% 12.3% Total 2,102 100% 2,184 100% 3.9% 6.1%
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| FY €M 2024 2025 Evol. 25/24 Profit/loss before tax 193 243 25.8% Financial result 67 66 (0.3%) D&A 161 163 1.2% Restructuring, M&A and integration expenses 51 25 (51.8%) Stock based compensation expense 5 4 (25.0%) Adjusted EBITDA 477 501 5.0% 28 RECONCILIATION OF PBT TO ADJUSTED EBITDA
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|29 RECONCILIATION OF PROFIT ATTRIBUTABLE TO THE PARENT TO ADJUSTED EPS FY €M 2024 2025 Evol. 25/24 Profit/loss attributable to the parent 138 176 27.5% Restructuring, M&A and integration expenses 51 25 (51.8%) Stock based compensation expense 5 4 (25.0%) Financial result 67 66 (0.3%) Net interest paid (63) (54) (14.4%) Amortization (PPA related) 63 57 (9.5%) Tax effect on adjustments (29) (25) (16.0%) Total cash adjustments 95 74 (21.5%) Adjusted net profit 233 250 7.6% Share count 192 192 - Adjusted EPS 1.21 1.30 7.6%
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|30 NET WORKING CAPITAL December €M 2024 % LTM sales 2025 % LTM sales Evol. 25/24 Inventories 466 22.2% 437 20.0% (6.2%) Trade and other receivables 291 13.8% 262 12.0% (9.9%) Trade payables 386 18.4% 341 15.6% (11.8%) Operating net working capital 371 17.7% 359 16.4% (3.3%) Dividends, earn-outs & others 5 0.2% 1 0.0% (84.8%) Total net working capital 366 17.4% 358 16.4% (2.3%)
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| (1) Includes Restructuring, M&A and integration expenses (2) Includes €85M of ‘payments for investments accounted for using the equity method’ (Phase I of Aiper) 31 CASH FLOW STATEMENT (ABRIDGED) Cash flow (abridged) and net debt FY €M 2024 2025 Evol. 25/24 Adjusted EBITDA 477 501 24 Net interest paid (63) (54) 9 Corporate income tax paid (100) (47) 53 Operating working capital 38 (23) (61) Other operating cash flow(1) (43) (35) 7 CF from operating activities 311 343 32 Capex (73) (71) 2 Acquisitions / divestments (6) (31) (25) Other investment cash flow(2) 5 (82) (86) CF from investing activities (74) (184) (110) Payments for lease liabilities (44) (49) (5) Treasury stock, net 0 0 (1) Dividends paid (108) (117) (9) Financing cash flow (151) (166) (14) Free cash flow 85 (7) (92) Net debt (31 December prior year) 1,172 1,132 (41) FX & lease changes 44 (52) (96) Free cash flow (85) 7 92 Net debt 1,132 1,087 (45) Lease liabilities (184) (183) 1 Net financial debt 948 904 (43)
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| Assets 12/2024 12/2025 Liabilities 12/2024 12/2025 PPE & rights of use 362 378 Share capital 192 192 Goodwill 1,344 1,269 Share premium 1,149 1,149 Other intangible assets 871 738 Retained earnings and other reserves 268 333 Non-current financial assets 24 8 Interim dividends - - Other non-current assets 115 193 Treasury shares (50) (51) Total non-current assets 2,716 2,586 Other comprehensive income 89 (31) Non-controlling interests 10 9 Total equity 1,657 1,601 Bank borrowings and other marketable securities 1,121 1,031 Other non-current liabilities incl. lease 345 317 Inventories 466 437 Total non-current liabilities 1,466 1,348 Trade and other receivables 291 262 Bank borrowings & loans 14 10 Other current financial assets 2 9 Trade and other payables 391 341 Cash and cash equivalents 162 121 Other current liabilities incl. lease 108 114 Total current assets 921 829 Total current liabilities 514 465 Total assets 3,637 3,414 Total equity & liabilities 3,637 3,414 32 INTERIM FINANCIAL POSITION (ABRIDGED)
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| Fluidra’s financial statements are prepared according to IFRS and other applicable regulation. The financial information presented in this document also includes Alternative Performance Measures (‘APMs’) prepared according to the group’s reporting model. Please note that we have renamed “EBITDA”, “EBITA”, “Cash Net Profit” and “Cash EPS” to “Adjusted EBITDA”, “Adjusted EBITA”, “Adjusted Net Profit” and “Adjusted EPS”, respectively. For further details on the definition, explanation on the use, and reconciliation of APMs, please see the document “Alternative Performance Measures” that can be found within the “Shareholders and Investors” section from the Group’s website here (link). ● 'Opex' (Operational expenditure): refers to the total amount of operating expenses incurred to run the business. It includes 'personnel expenses' plus 'other operating expenses' net of i) 'income from the rendering of services', ii) 'work performed by the group and capitalized as non-current assets', iii) 'profit/loss from sales of fixed assets’, iv) ‘stock based compensation expense’ and v) the relevant portion of 'Restructuring, M&A and integration expenses related’ to 'Opex' ● 'Adjusted EBITDA': means earnings before interests, taxes, depreciation and amortization. It is calculated as 'sales of goods and finished products' less i) 'changes in inventories of finished goods and work in progress and raw material supplies', ii) 'personnel expenses' and iii) 'other operating expenses' net of i) 'income from the rendering of services', ii) 'work performed by the group and capitalized as non-current assets', iii) 'profit/loss from sales of fixed assets' and iv) 'Share in profit/(loss) for the year from investments accounted for using the equity method‘. The resulting figure is adjusted for ‘Stock based compensation expense’ and 'Restructuring, M&A and integration expenses' ● ‘Stock based compensation expense’ and 'Restructuring, M&A and integration expenses’: these expenses do not arise from ordinary business and, though they may be incurred in more than one period, they do not have continuity over time (unlike operating expenses) and they occur at a point in time or are related to a specific event. ‘Stock based compensation expense’ relates to the cost of management’s long-term incentive plan. ‘Restructuring, M&A and integration expenses’ relates primarily to the integration of recently-acquired companies or to restructuring activities, such as the implementation of the Simplification Program that began in the second half of 2022. Most of these costs impact ‘Opex’, although a relatively minor part affects the ‘Gross margin’ ● ‘Adjusted net profit' and ‘Adjusted EPS’: ‘Adjusted net profit’ is defined as ‘Profit/(loss) attributable to equity holders of the parent’ adjusted for i) ‘Restructuring, M&A and integration expenses’, ii) ‘Stock based compensation expense’, iii) ‘Amortization (PPA related)’, iv) the non-cash portion of the financial result and v) the ‘tax effect on adjustments’, which reflects the tax impact corresponding to each of the adjustments described in sections i) to iv). The calculation is performed by applying to each adjustment the tax rate corresponding to the nature and jurisdiction in which arises. ‘Adjusted EPS’ is ‘Adjusted net profit’ divided by the number of Company shares outstanding at the year-end, excluding the effect of treasury shares ● 'Operating net working capital’: is defined as the sum of the balance sheet items i) ‘inventories’ and ii) ‘trade and other receivables’, less ‘trade payables’, which excludes the part of ‘trade and other payables’ that is not entirely related to trading activities (mainly future payments of ordinary dividends and/or future payments of the acquisition price or options agreed with companies acquired, or earn-outs). This adjustment may have a relatively minor impact at the year-end, although it could be particularly relevant to some of the quarterly closings during the year ● 'Net debt', 'Net debt to Adjusted EBITDA ratio' and 'Net financial debt': ‘Net debt’ is calculated as the sum of i) ‘current and non-current bank borrowings and other marketable securities’, ii) ‘current and non-current lease liabilities’ and iii) ‘derivative financial liabilities’, net of i) ‘cash and cash equivalents’, ii) ‘non-current financial assets’, iii) ‘other current financial assets’ and iv) ‘derivative financial instruments’. ‘Net financial debt’ is simply ‘Net debt’ excluding lease liabilities. The ‘net debt/Adjusted EBITDA ratio’ is calculated as ‘Net debt’ divided by ‘Adjusted EBITDA’ generated in the past 12 months ● ‘ROCE’: “Return on Capital Employed” is a return-on-capital measure used in the business. It is calculated as last 12 months “Adjusted EBITA” divided by the sum of “cash equity” and “net debt”. “Cash equity” refers to “total equity” adjusted by €527 million, which reflects the difference between the average share price for the six-month period prior to the announcement of the merger with Zodiac (€7.4 per share, the share exchange value in the merger) and the share price on the completion date (€13.7 per share, the carrying amount of the Zodiac acquisition under IFRS), multiplied by 83 million new shares issued 33 ALTERNATIVE PERFORMANCE MEASURES
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THANK YOU www.fluidra.com Investor_relations@fluidra.com +34 93 724 39 00 Avda. Alcalde Barnils 69 - 08174 Sant Cugat (Barcelona)