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everyday cleaning products, expertly made McBride plc 15 September 2026 FY26 Results
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 2 1 Headlines Pages 3 to 4 2 Business Progress Pages 5 to 13 3 Financial Review Pages 14 to 23 4 Outlook Pages 24 to 25 5 Q&A Page 26 6 Appendices Pages 27 to 29 Agenda Our speakers today Chris Smith Chief Executive Officer Mark Strickland Chief Financial Officer
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 3 1. Headlines
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 4 Headlines • Third consecutive year of profitability levels in line with strategic ambition • Q4 cost shock from Middle East crisis; rapid action on customer pricing • Future growth prospects from the Eurotab acquisition and Vestacy agreement • New and delayed business wins launching in H1 FY27 • Private label market share continues to grow • Considered capital allocation supporting total shareholder returns of £18.0m in year £934.2m +£7.7m/+0.8% Revenue £80.0m £(5.8)m/(6.8)% Adjusted EBITDA 8.6% (0.7)ppts Adjusted EBITDA margin £59.0m £(7.1)m/(10.7)% Adjusted operating profit 21.6p (0.5)p/(2.3)% Adjusted basic EPS £18.0m Dividend, share buyback, EBT funding Shareholder returns Resilient overall performance, increased shareholder returns Eurotab acquisition and Vestacy agreement providing transformational future growth
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 5 2. Business Progress
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 6 Performance Against CMD Ambitions • CAGR FY24 to FY26 of 3.2% • Underpinned by: progress in laundry strong presence in Germany contract manufacturing growth • FY27 expected to normalise to >9% levels • Investment in shareholder returns • Sustained high levels of capital investment, including multi‑year SAP programme, to drive future earnings growth • Projected to meet £50m net benefits by FY28 FY25 FY26 CMD ambition Total volume growth 4.3% (0.3)% +2% p.a. Adjusted EBITDA margin 9.3% 8.6% >10% Net debt cover 1.2x 1.5x <1.5x Adjusted ROCE 33.0% 27.3% >25% Transformation cumulative net benefits £5.0m £15.3m £50m FY24‑FY28
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 7 Key: Unit Dosing Introduction to Eurotab • Acquisition of Eurotab completed 1 July 2026 − cash consideration of €32.8m(1) − enterprise value of 4.6x, falling to 3.1x post synergies • Specialist in tablet‑format solutions for dishwash, disinfection and humidity absorption • Complementary customer base, both in retail and contract manufacturing; presence in private label in Turkey Strategic overview • High‑quality manufacturing capacity, supporting loading optimisation • Extends retailer relationships • Establishes a market presence in Turkey • Accretive to EPS from completion • Expected to raise overall Group margins The acquisition represents a milestone and reflects our continued confidence in the long-term value of the business Strategic acquisition of Eurotab Group accelerates McBride’s growth agenda and strengthens Unit Dosing’s market leadership Future Growth: Eurotab Acquisition Expected to report consolidated revenue of €65m in FY27 3 manufacturing sites in France and Turkey: Saint‑Marcellin, Peyrardes and Istanbul Group’s product range broadened by new categories – humidity absorbers and disinfectant tablets Peyrardes Saint-Marcellin Istanbul France Turkey (1) This figure is subject to completion accounts adjustments
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 8 Key: Liquids Powders Introduction to Vestacy • Vestacy is the global home care company behind brands including Air Wick, Calgon, Cillit Bang and Mortein • Long‑term supply agreements, with durations of 5‑8 years • Over the next two years: − c.£34m of equipment funded by Vestacy − c.£17m of investment from McBride, covering transition, project and certain capital costs Strategic overview • Significant revenue growth of £170m p.a. from H2 FY28 • Transformational business win growing Group revenue by 15% • Profitability level in line with Group average; EPS growth consistent with revenue growth • Contract manufacturing set to grow to c.27% of Group revenue • Brings competitiveness and scale in Iberia, including a first production location in Portugal • Increases capacity in Liquids and Powders, mostly in laundry, our strategic growth category • A further proof point of McBride’s credibility with major brand owners Transformational business win, long-term contract manufacturing agreements Future Growth: Partnership with Vestacy Revenue and earnings growth expected to exceed 15% at maturity (H2 FY28) 2 manufacturing sites in Spain and Portugal: Granollers and Porto Alto Capital-efficient transaction structure, with Vestacy-funded capex and acquisition for nominal consideration Middleton Étain Porto Alto Strzelce Foetz Holstebro Estaimpuis Hammel Mo yaux eper Granollers Spain and Portugal
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 9 • Total market volumes in line with FY25 • Private label growth strongest in UK, France, Germany and Spain • Private label growth rate exceeds brands again • Private label share at 36.7% by volume • Private label dishwash especially strong in Germany • Private label laundry and cleaners growing in UK, France, Germany and Spain • Varied private label performance across retailers • Market outlook favourable given inflationary pressure for consumers Household Market Overview Private label market share continues to grow, continuing recent trends Volumes vs 2025Market volume and private label share progression Market Total Branded Private label Household 0% (1)% +3% Laundry (1)% (2)% +3% Cleaners +1% (1)% +3% Dishwash +1% 0% +2% Sep 2023 Mar 2024 Jun 2024 Dec 2024 Mar 2025 Mar 2026 Sep 2025 Dec 2025 Jun 2025 Jun 2026 Dec 2023 Sep 2024 Brands volumes Private label volumes Private label share Source: ‘Europanel with Worldpanel by Numerator and YouGov’ data for the twelve months ended 30 June 2026
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 10 Divisions – Liquids Navigating short-term pressures while positioning for long-term growth • Middle East crisis most impactful in Liquids • Private label and contract manufacturing volumes broadly flat, weaker demand for McBride brands • New wins and innovation plus delayed FY26 launches support FY27 growth outlook • Capital allocation strategy targeting capacity, productivity and sustainability • A significant step in the division’s zero loss journey; 50% reduction in workplace accidents • Post‑year‑end strategic partnership with Vestacy to scale laundry liquids Performance against CMD ambitions 3.5% (1.0)% 4% CAGR 7.7% 6.0% 7-10% £31.4m Adjusted operating profit £526.0m Revenue FY25 FY26 CMD ambition Volume growth ROS %
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 11 Divisions – Unit Dosing Managing volume and cost challenges through operational discipline • Increased operating profit despite lower revenue • Cost discipline and structural efficiencies • Private label volume growth, matching wider market • Weaker contract manufacturing volumes • Soft pod auto‑dishwash success, capacity acceleration • Margin shortfall projected to fully recover by mid‑H1 FY27 • Health and safety metrics improved across key benchmarks • Eurotab acquisition strengthening European position while opening access to new product categories and Turkish markets Performance against CMD ambitions 2.4% (2.1)% 3-4% CAGR 9.8% 10.5% 8-11% £23.8m Adjusted operating profit £226.3m Revenue FY25 FY26 CMD ambition Volume growth (in doses) ROS %
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 12 Divisions – Powders Revenue growth driven by private label; operational discipline Performance against CMD ambitions (4.4)% 2.7% 0% CAGR 8.0% 6.4% 4-7% £5.7m Adjusted operating profit £88.7m Revenue • Revenue growth achieved, private label leading despite overall declining market, growth in Germany of 12.6% • Contract manufacturing stable, supported by larger formats and co‑creation • Cost‑saving discipline offsetting inflationary and operational pressures • Modernising key production facilities while reducing environmental footprint FY25 FY26 CMD ambition Volume growth ROS %
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 13 Divisions – Aerosols & Asia Pacific • Strong financial performance driven by new contract wins • Volume gains from private label (+13.0%) and contract manufacturing (+10.4%) • Sustainable packaging and clean formulations rolled out • Major capex completed, expanding capacity over 100m cans • Growth in revenue and operating profit, driven by product launches in Australia and stronger customer demand in Malaysia • Growth in private label partially offset by weaker contract manufacturing volumes in Vietnam • Accelerated site automation and ISO 9001 certification • Advancement in sustainable packaging and natural formulations Performance against CMD ambitions 6.3% (4.0)% 8% CAGR 4.7% 5.0% 9-12% Performance against CMD ambitions 21.4% 10.8% 10% CAGR 5.3% 5.3% 7-10% £1.3m Adjusted operating profit £3.6m Adjusted operating profit £25.9m Revenue £67.3m Revenue FY25 FY26 CMD ambition Volume growth ROS % FY25 FY26 CMD ambition Volume growth ROS %
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 14 3. Financial Review
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 15 Financial Highlights Margin management ensured resilience amid external cost pressures £m unless otherwise stated FY26 FY25 Revenue 1 934.2 926.5 Adjusted operating profit 2 59.0 66.1 Adjusted operating profit margin 6.3% 7.1% Adjusted EBITDA 80.0 85.8 Adjusted EBITDA margin 8.6% 9.3% Adjusted profit before taxation 48.8 54.9 Adjusted basic EPS 3 21.6p 22.1p Free cash flow 56.7 93.9 Net capital expenditure 31.2 30.4 Shareholder returns 4 18.0 2.4 Net debt 5 122.8 105.2 Net debt banking basis 43.9 30.6 1 Headline revenue up £7.7m 2 Profit level resilience, despite Q4 inflation 3 Slight reduction of 0.5p 4 £15.6m year‑on‑year increase in shareholder returns 5 Shareholder returns and working capital timing drive in‑year increase
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 16 Pace of increase • Inflation of 12.2% in 2 months • In 2021‑22, inflation of 12% took 12 months Drivers of higher input costs • Closure of Strait of Hormuz − disruption to supply chains − impacted 20% of all global oil transit − supply shortages of certain chemicals • Damage to energy infrastructure assets − multiple year impact to repair Price recovery approach • Early action • Regular forecast updates • Frequent engagement with customers • Last resort escalation processes Sustained cost increases following outbreak of Middle East conflict External Market Dynamics and Volatility Group raw materials and packaging index May 2024 Jan 2024 Sep 2024 May 2025 Jan 2025 Sep 2025 Jan 2026 Sep 2026 May 2026 2 months = 12.2%
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 17 Operating Systems Excellence (SAP S/4HANA) • Wave 1 fully exited, ‘Global Template’ proved • Switch to a ‘Local + Central’ delivery model for Wave 2 onwards • Wave 2 in ‘Realise’; next 2 sites to be completed in H2 FY27 Service Excellence • Programme completed in September 2025 • Group CSL at 92.0% for the year • Price increase activity negatively impacted CSL towards end of the year Commercial Excellence • Initial programme successfully completed in December 2025 • £3.8m net benefits(1) delivered in FY26 • Next wave of initiatives in development Productivity Excellence • £6.5m net benefits(1) delivered in FY26 • OEE efficiencies slightly exceeded the Group’s 2ppts p.a. target • Continued resource efficiency gains achieved across the year Transformation Programme £10.3m net benefits delivered in FY26; £5.3m year-on-year increase (1) Benefits are the sum of actual savings, cost avoidance and imputed/assumed benefits as measured through KPIs
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 18 Cost headwinds partially offset by pricing and margin management actions and continued operational discipline Income Statement £m unless otherwise stated FY26 FY25 y/y Revenue 934.2 926.5 7.7 Gross profit 344.5 342.1 2.4 Gross margin 36.9% 36.9% — Distribution costs (87.7) (85.5) (2.2) Administrative expenses (197.8) (190.5) (7.3) Adjusted operating profit 59.0 66.1 (7.1) Net finance costs – Borrowings (9.0) (10.0) 1.0 – Pension (1.2) (1.2) — Adjusted profit before taxation 48.8 54.9 (6.1) Taxation (12.1) (17.3) 5.2 Adjusted profit for the year 36.7 37.6 (0.9) Adjusted basic earnings per share 21.6p 22.1p (0.5)p Amortisation (1.3) (1.9) 0.6 Exceptional items (7.6) (4.0) (3.6) Taxation – effective rate 25% 32% n/a Actual Constant FX £m % £m % Liquids (3.6) (0.7)% (17.1) (3.1)% Unit Dosing (2.6) (1.1)% (9.0) (3.8)% Powders 3.2 3.7% 0.6 0.7% Aerosols 8.4 14.3% 6.4 10.5% Asia Pacific 2.3 9.7% 1.8 7.5% Group 7.7 0.8% (17.3) (1.8)% Actual Constant FX £m % £m % Liquids (9.6) (23.4)% (10.9) (25.8)% Unit Dosing 1.3 5.8% 0.7 3.0% Powders (1.1) (16.2)% (1.3) (18.6)% Aerosols 0.5 16.1% 0.3 9.1% Asia Pacific 0.2 18.2% 0.2 18.2% Corporate 1.6 19.0% 1.6 19.0% Group (7.1) (10.7)% (9.4) (13.7)% Revenue growth vs FY25 Adjusted operating profit growth vs FY25
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 19 Costs • Raw materials and packaging – significant upward pressure • Labour and other inflation – underlying and persistent inflation present across all geographies Q4 FY23 cost base Raw materials inflation All other inflation Projected Q2 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q3 FY24 Input costs Significant upward input cost pressure over the year • Increased by £2.2m • Higher fuel costs offset by lower labour costs • FX impact of £2.5m (effect of weaker GBP:EUR FX rate on translation of costs) Administration costs • Increased by £7.3m • Long Term Incentive Plans; realignment to higher share price • ERP licence and other IT costs (Software as a Service) • FX impact of £4.7m (effect of weaker GBP:EUR FX rate on translation of costs) Distribution costs
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 20 Other Financials P&L ‘others’ Further increased investment in short-term and long-term shareholder returns Pensions • £18.1m UK scheme deficit, down from £23.0m at June 2025 • £5.7m deficit reduction contributions • NTL vs Virgin Media case • Next triennial valuation March 2027 Capex • Cash spend £31.2m • Investment in SAP S/4HANA • Supporting medium‑term growth objective Interest • Cash interest paid £7.3m (FY25: £7.9m) • Interest cover 8.8x (FY25: 8.5x) Exceptionals • Exceptional costs £7.6m − ERP − acquisition of Eurotab − strategic partnership with Vestacy − Estaimpuis environmental provision Tax • Effective tax rate 25% (FY25: 32%) • Tax paid £7.8m (FY25: £17.9m) • Payments now normalised • FY24 taxation paid in FY25 due to timing of payments on account
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 21 Significant liquidity headroom Net Debt £m unless otherwise stated FY26 FY25 Revolving credit facility (November 2029) 106.2 61.9 Invoice discounting facilities 73.6 67.8 Overdraft facilities 3.2 2.0 Leases 6.1 8.3 Total committed facilities 189.1 140.0 Uncommitted facilities — — Total facilities 189.1 140.0 Cash and cash equivalents (65.2) (34.2) Other – arrangement fees (1.1) (0.6) Net debt 122.8 105.2 Liquidity 167.6 141.4 Significant headroom on banking facilities covenants Net debt 1.5x adjusted EBITDA Increased cash and cash equivalents balance following RCF drawdown in June to fund the acquisition of Eurotab in July First one‑year extension exercised: four‑year term to November 2029 with option to extend by a further year Total RCF facility increased to €240m; RCF headroom £100.6m with access to a further €35m within the accordion feature
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 22 Capital allocation policy delivering positive shareholder returns Shareholder Returns Dividend distribution – £5.2m • Final dividend for FY25 of 3.0p per ordinary share • FY26 recommendation of 3.1p per ordinary share Share buyback programme – £6.4m • £20m buyback programme announced in November 2025 • £6.4m bought and cancelled in FY26 • AGM proposal to continue in FY27 • Share price accretion over FY27 Share purchases by the EBT – £6.4m • Eliminating potential future equity dilution on incentive awards Share price monthly trend in FY26 Aug 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Jul 2026 Aug 2026 Sep 2026 Jul 2025 Sep 2025 Oct 2025 110 120 130 140 150 160 170 100 220 210 200 190 180
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 23 4. Outlook
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 24 • Volumes in the early part of the new financial year are in line with internal expectations; some possible early signs of stronger market growth in certain regions • Cost environment difficult to predict given ongoing geopolitical tensions, further price rises increasingly likely • Integration activities for Eurotab acquisition started well • Early work already started for transition requirements and capital deployment in relation to the new long‑term Vestacy partnership Outlook Sales volumes in the first two months of the new financial year have started in line
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 25 5. Q&A
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 26 6. Appendices
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 27 Business KPIs (5 year) Financial (£m unless otherwise stated) FY26 FY25 FY24 FY23 FY22 Revenue 934.2 926.5 934.8 889.0 678.3 Adjusted operating profit 59.0 66.1 67.1 13.5 (24.5) Adjusted operating profit margin 6.3% 7.1% 7.2% 1.5% (3.6)% Adjusted EBITDA 80.0 85.8 87.1 34.1 (3.6) Adjusted EBITDA margin 8.6% 9.3% 9.3% 3.8% (0.5)% Adjusted basic EPS 21.6p 22.1p 22.2p 0.0p (11.7)p Net capital expenditure 31.2 30.4 19.6 12.0 8.2 Free cash flow 56.7 93.9 81.7 38.0 (22.7) UK pension scheme deficit 18.1 23.0 27.5 24.7 14.4 Net debt 122.8 105.2 131.5 166.5 164.4 Shareholder returns 18.0 2.4 2.8 — 0.1 Operational FY26 FY25 FY24 FY23 FY22 Customer service level (%) 92.0% 94.2% 89.9% 87.4% 85.4% Lost time incident frequency rate (#) 0.34 0.48 0.75 0.88 0.48
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McBride plc | FY26 Results | 15 September 2026 everyday cleaning products, expertly made 28 Adjusted operating profit and adjusted EBITDA Adjusted operating profit is operating profit before amortisation of intangible assets and exceptional items. Adjusted EBITDA means adjusted operating profit before depreciation. Adjusted profit before tax and adjusted profit for the period Adjusted profit before tax is based on adjusted operating profit less adjusted finance costs. Adjusted profit for the period is based on adjusted profit before tax less taxation relating to non‑adjusting items. Adjusted earnings per share Adjusted earnings per share is based on the Group’s profit for the period, adjusted for the items excluded from operating profit in arriving at adjusted operating profit, and the tax relating to those items. Free cash flow and cash conversion % Free cash flow is one of the Group’s key performance indicators by which financial performance is measured. It is primarily a liquidity measure. However, free cash flow and cash conversion % are also important indicators of overall operational performance as they reflect the cash generated from operations. Free cash flow is defined as cash generated from operations before exceptional items. Cash conversion % is defined as free cash flow as a percentage of adjusted EBITDA (applicable only when adjusted EBITDA is positive). Net debt Net debt consists of cash and cash equivalents, overdrafts, bank and other loans and lease liabilities. Net debt is a key indicator used by management to assess the Group’s indebtedness and overall balance sheet strength. Adjusted return on capital employed (ROCE) Adjusted ROCE serves as an indicator of how efficiently returns are generated from the capital invested in the business. It is a Group KPI that allows management to evaluate the outcome of investment decisions. Adjusted ROCE is defined as rolling twelve months total adjusted operating profit divided by the average period‑end capital employed. Capital employed is defined as the total of goodwill and other intangible assets, property, plant and equipment, right‑of‑use assets, inventories and trade and other receivables, less trade and other payables. Liquidity Liquidity means, at any time, without double counting, the aggregate of: (a) cash; (b) cash equivalents; (c) the available facility at that time, which comprises the headroom available in the RCF and other committed facilities; and (d) the aggregate amount available for drawing under uncommitted facilities. The Company uses this measure to manage cash flow. Net debt cover ratio (banking basis) The net debt cover ratio (banking basis) is an indicator of the Company’s ability to repay its debts. Under the RCF it is calculated as net debt (as defined in the RCF agreement) divided by EBITDA (as defined in the RCF agreement). Interest cover ratio (banking basis) The interest cover ratio (banking basis) is a measure of the Company’s ability to pay the interest on its outstanding debts. Under the RCF it is calculated as EBITDA (as defined in the RCF agreement) divided by adjusted finance costs (excluding net interest cost on defined benefit obligation). Definitions of Non-Statutory Measures