Slides
Page 1
A major player in the distribution of special metals Results as of September 30, 2026 Investors Presentation – November 4th, 2026
Page 2
Annexes 1. A major player in the distribution of special metals
Page 3
Sales breakdown*Worldwide footprint Sales LTM: €1.9bn 3,305 employees - 122 distribution centers - 23 countries Germany 30% France 9% The Netherlands 7% Italy 8% Spain 7% Other Europe 27% Asia / Others 2% North America 10% Group overview * As of September 30, 2026 3/24
Page 4
JACQUET** STAPPERT IMS group 3 divisions North America 38% Germany 9% France 6% Other Europe 21% Asia 7% Germany 41% France 5% The Netherlands 5% Other Europe 47% Outside Europe 2% Germany 36% France 14% Spain 12% Italy 12% The Netherlands 8% Other Europe 18% Sales breakdown* c. €500m c. €500m c. €900m Italy 7% The Netherlands 7% Spain 5% Outside Europe 0% Stainless steel quarto plates Engineering metals Stainless steel long products *LTM and Breakdown as of September 30, 2026 **Including sales of Energy Steel Products over 12 rolling months. 4/24
Page 5
Environmental responsibility Carbon footprint Recycling and circular economy 75% of Group’s supplies come from recycled metals Systematic recovery and recycling of metal scraps and consumables 5/24
Page 6
Key figures Sales €1,479m / +3.7% vs YTD.25 EBITDA €95m / 6.4% vs €71m / 4.9% in YTD.25 Gearing 31,1% vs 21,4% 2025 year-end CAPEX (excluding external growth) Volumes sold +0.9% vs YTD.25 €47m Net income (Group share) €34m Gross margin 25.4% vs 23.5% in YTD.25 Operating cash-flow €37m 6/24 Market conditions
Page 7
Organic growth Projects China (Chengdu) 2026 Illustration Canada (Montreal) 2026 Spain (Zaragoza) Illustration Illustration 7/24
Page 8
External growth (Spain) May 2026 Aluminium distribution 8/24
Page 9
External growth (USA) September 2026 Distribution of stainless steel long products 2 US distribution centers (Houston and Chicago) 9/24
Page 10
Annexes 2. Results as of September 30, 2026
Page 11
Price effectVolume effect YTD.26 vs YTD.25 y.o.y. y.o.y. Sequential Sales +€52m / +3.7% In €m -2.3% +2.3%-1.3%-1.7%-0.9% 2025 2026 Q1 Q2 Q3 Q4 Q1 Q2 +3.2% 2025 2026 Q1 Q2 Q3 Q4 Q1 Q2 +0.9% +2.3% +0.5% *Acquisitions : SABATER Fundimol (May 2026) Energy Steel Products (September 2026)* 11/24 Q3 +3.7% Q3
Page 12
JACQUET STAPPERT +5.1% (Q3 +12.9%) IMS group -1.5% (Q3 +0.8%)+12.6% (Q3 +19.2%) * * Acquisition SABATER Fundimol (May 2026) 47% +5.0% +0.1% -5.4% +3.2% +0.6% 26% 28% 46% +8.9% +3.1% 12/24 +0.6% * Acquisition Energy Steel Products (September 2026) * Sales by division In €m In €m In €m
Page 13
Divisions In €m In % of sales JACQUET STAPPERT IMS group In % of sales In €m Gross margin €375m (25.4% of sales) +€39m 13/24 336 375 YTD.25 YTD.26 23.5% 25.4% 96 119 YTD.25 YTD.26 30.9%28.2% 82 91 YTD.25 YTD.26 22.0%20.8% 157 164 YTD.25 YTD.26 23.9%22.4%
Page 14
In €m In % of sales Current operating expenses excluding depreciation and amortization and provisions €280m / 18.9% of sales +5.2% at constant scope* Of which savings in Germany of -€2.6m Of which variable remuneration +€5m * *Current operating expenses related to companies acquired in May and September 2026 14/24
Page 15
Adj. operating income by division In €m In €m In % of sales JACQUET STAPPERT IMS group In % of sales Adj. operating income €64m (4.3% of sales) In €m In % of sales EBITDA €95m (6.4% of sales) +€6m +€5m+€15m +€24m +€24m Var. 2026 vs 2025 15/24 Operating margins EBITDA 6.4% of sales vs 4.9% YTD.2025 12 27 YTD.25 YTD.26 6.9%3.5% 17 23 YTD.25 YTD.26 4.3% 1.2%5.4% 8 13 YTD.25 YTD.26 1.9% 71 95 YTD.25 YTD.26 4.9% 6.4% 40 64 YTD.25 YTD.26 2.8% 4.3%
Page 16
In €m YTD.25 YTD.26 Sales 1,427 1,479 EBITDA 70.5 95.1 in % of sales 4.9% 6.4% Adjusted operating income 40.1 63.6 in % of sales 2.8% 4.3% Non-recurring items and gains on disposals 0.4 3.3 Operating income 40.5 66.9 Financial result (18.0) (13.8) Corporate income tax (12.2) (16.5) Income tax rate 54.4% 31.0% Minority interests (1.2) (2.6) Net income (Group share) 9.0 34.0 Income statement Net income (Group share) €34m Mainly linked to the disposal of a site in Germany 16/24
Page 17
Cash flow / Balance sheet as of September 30, 2026 Gearing 31.1% In €m In €m Operating cash flow +€37m Non-current assets (incl. goodwill €77m and real estate €207m) Net operating WCR (of which inventories: €613m) Shareholders’ equity Net debt Provisions, provisions for employee benefit obligations & others Lease obligationsRight-of-use Operating cash flow: +€37m 365 624 689 214 78 7062 17/24
Page 18
Maturity In €m Authorized at 30.09.2026 Used at 30.09.2026 % used 2026 and indefinite maturity 2027- 2028 2029- 2020 2031 and + Syndicated revolving loan 2028 160 - 0% - - - - Schuldsheindarlehen 2029 72 72 100% - - 72 - Schuldsheindarlehen 2030 80 80 100% - - 80 - Term loans 93 83 89% 7 45 28 3 Other lines of credit 134 67 50% 32 35 - - JACQUET METALS SA borrowings 539 302 56% 39 80 180 3 Operational lines of credit (letter of credit, etc.) 142 39 27% 31 8 - - Factoring 44 1 3% 1 - - - Assets financing (term loans, etc.) 26 26 100% 1 16 4 6 Subsidiaries borrowings 212 67 31% 33 24 4 6 Total 751 368 49% 73 104 183 6 The Group has €154m in cash and €751m in lines of credit of which 49% is used. Borrowings as of September 30, 2026 18/24
Page 19
Appendices
Page 20
JACQUET STAPPERT IMS group Sectors Chemistry Agri-food industry Gas treatment and storage Pharmaceutical industry Environment Energy Defense Fabricated metal products Machinery & equipment Transportation Energy (wind turbines, etc.) Defense Quarto plates Engineering metals Long products Stainless steel 20/24
Page 21
JACQUET METALSSuppliers Added value 20 suppliers: ± 50% of purchases Delivery time: 2 to 12 months Purchase prices Storage of special metals Managing price fluctuations Finishing services Customers 65,000 customers Average invoice < €3,000 Delivery time ± 1 week 21/24
Page 22
In €m 30.09.25 30.09.26 Sales 1,427 1,479 Gross margin 336 375 in % of sales 23.5% 25.4% Current operating expenses (265) (280) Net depreciation and amortization (32) (32) Net provisions 2 0 Gains on disposals of non-current assets 0 3 Other non-current income and expenses - - Operating income 40 67 Financial result (18) (14) Income before tax 22 53 Corporate income tax (12) (16) Consolidated net income 10 37 Net income (Group share) 9 34 Earnings per share in circulation (€) 0.42 1.62 Income statement 22/24
Page 23
In €m 31.12.25 30.09.26 Goodwill 70 77 Net non-current assets 254 288 Right-of-use assets 66 62 Net inventory 569 613 Net trade receivables 186 250 Other assets 98 98 Cash & cash equivalents 179 154 Total assets 1,421 1,543 Shareholders’ equity 654 689 Provisions (incl. provisions for employee benefit obligations) 79 78 Trade payables 217 239 Borrowings 319 368 Other liabilities 78 99 Lease liabilities 74 70 Total equity and liabilities 1,421 1,543 Balance sheet 23/24
Page 24
Euronext Paris ISIN : FR0000033904