Slides
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Growth+ execution drives resilient H1 2026 interim results Tuesday 4 August 2026 Presented by Kiet Huynh – Chief Executive Officer Ben Peacock – Chief Financial Officer
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© 2026 Rotork All Rights Reserved This document has been prepared by Rotork plc (the “Company”) solely for use at the presentation of the Company’s interimresults announcement in respect of the period ended 30th June 2026 (the “Interim Results Announcement”). For the purposes of this disclaimer, “presentation” shall mean this document, the oral presentation of the slides by the Company and related question-and-answer session and any materials distributed at, or in connection with, that presentation. This presentation is supplied for information purposes only and may not be reproduced or redistributed. This presentation should be read in the context of the Interim Results Announcement. No representation or warranty of any nature is given, nor is any responsibility or liability of any kind accepted by the Company or any of its directors, officers, employees, advisers, representatives or other agents with respect to the completeness or accuracy of any information provided in this presentation. Certain information included in this presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward looking statements. All statements other than statements of historical fact included in this presentation,including, without limitation, those regarding the Company’s financial position, business strategy, plans (including development plans and objectives relating to the Company’s products and services), future revenues and profits, the direct and indirect impacts and implications of external events on the economy, nationally and internationally, and on the Rotork Group, its operations and prospects, including disruptions and inefficiencies in the supply chain; UK domestic and global political, economic and business conditions and objectives of management for future operations, and prices and changes in exchange and interest rates are forward- looking statements. These statements contain the use of forward-looking terminology such as the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “forecasts”, “intends”, “plans”, “projects”, “goal”, “target”, “aim”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative or other variations or words of similar meaning. Past business, financial and share performance cannot be relied on as an indication of, and forward-looking statements in this presentation are not guarantees of, future performance. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based upon information known to the Company’s directors on the date of this presentation and on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Accordingly, no assurance can be given that any particular expectation will be met and readers are cautioned not to place undue reliance on forward looking statements when making their investment decisions. Other than in accordance with its legal or regulatory obligations (including under the UK ListingRules and the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority), the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, a change in expectations or otherwise. Nothing in this presentation shall exclude any liability under applicable laws that cannot be excluded in accordance with such laws. Nothing in this presentation should be construed as a profit forecast, profit estimate or quantified benefits statement for any period and nothing in this presentation should be interpreted to mean that earnings or earnings per share for the Company for the current or future financial years would necessarily matchor exceed the historical published earnings of earnings per share for the Company. This presentation does not constitute an offer to sell or an invitation to buy securities in the Company or an invitation or inducement to engage in or enter into any contract or commitment or other investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or berelied on in connection with, any contract or commitment or investment decision whatsoever. Disclaimer 2
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© 2026 Rotork All Rights Reserved Agenda 3 1 Highlights Kiet Huynh 2 Financial review Ben Peacock 3 Outlook and summary Kiet Huynh 4 Q&A Kiet Huynh, Ben Peacock
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© 2026 Rotork All Rights Reserved Growth+ execution drives resilient H1 performance; further progress expected in 2026 4 H1 2026 financial highlights Margin expansion, peer-leading ROCE Strong safety performance Group revenue +1.3% OCC1 £367m Adj.2 operating margin 22.4% H1 2025: 22.0% ROCE 36.5% H1 2025: 37.0% TRIR 0.25 H1 2025: 0.37 Interim dividend 3.00p H1 2025: 2.95p Order intake -4.0% OCC1 £372m Robust balance sheet, strategic flexibility Closing net cash £25m H1 2025: £43m Cash conversion 79% H1 2025: 89% Resilient OCC1 revenue growth Notes: 1. OCC is organic constant currency results which are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates . 2. Adjusted figures exclude the amortisation of acquired intangible assets and other adjusting items.
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© 2026 Rotork All Rights Reserved Strong growth in Target Segments and Service 5 Target Segment, Rotork Service and Core Segment growth Including: • LNG, decarbonisation • Speciality chemicals, critical HVAC, marine • Water infrastructure, treatment, alternative energy Including: • Terminals, storage & tank farms • General process industries • Conventional power generation Including: • Field service and maintenance programmes • Intelligent Asset Management, technical training and support Core Segments: -6% YoY Growth with or above markets Target Segments: +10% YoY High return growth above markets Rotork Service 24% of revenues Group sales growth +1.3% YoY Notes: All revenue growth rates are OCC. Sales growth rates for Target and Core Segments are management estimates. Pie chart shows contribution of segments to Group revenue (management estimates). Target Segments and Rotork Service strategy generating long-term growth above our underlying end markets
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© 2026 Rotork All Rights Reserved Recommended cash acquisition of Rotork by ABB 6 • On 16 July 2026, the boards of directors of ABB and Rotork announced that they had reached agreement on the terms of a recommended cash acquisition of Rotork (the “Acquisition”) • Under the terms of the Acquisition, each Rotork shareholder will be entitled to receive 506 pence for each Rotork share to be paid by ABB, comprising 503 pence in cash (the “Cash Consideration”) and an interim dividend of 3 pence, if paid • The Cash Consideration values the entire issued and to be issued ordinary share capital of Rotork at approximately £4.1 billion on a fully diluted basis and implies an enterprise value of approximately £4.1 billion • The Implied Enterprise Value represents a multiple of approximately 5.3x Rotork's sales and 19.5x Rotork's adjusted EBITDA for the financial year ended 31 December 2025 • The Cash Consideration represents a premium of: • 73.0% to Rotork’s undisturbed share price of 290.8 pence • 62.7% to Rotork’s 3-month VWAP of 309.2 pence • 54.6% to Rotork’s 6-month VWAP of 325.3 pence • It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 • The Acquisition is expected to complete in the first half of 2027
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Financial review Presented by Ben Peacock – Chief Financial Officer
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© 2026 Rotork All Rights Reserved Growth+ supports resilient revenues and margin expansion 8 Financial highlights – Group Key takeaways: • +1.3% OCC revenue growth, led by very strong growth in CPI • Rotork Service continues to outperform, representing 24% of Group revenues • +60bps OCC adjusted operating margin expansion in a mixed operating environment • +4.2% adjusted EPS growth, despite disposals • 36.5% peer leading ROCE H1 2026 H1 2025 % change % OCC1 Order intake £371.8m £391.1m (4.9)% (4.0)% Revenue £367.2m £367.3m 0.0% +1.3% Adjusted2 operating profit £82.2m £80.8m +1.7% +4.1% Adjusted2 operating margin 22.4% 22.0% +40bps +60bps Adjusted2 basic EPS 7.4p 7.1p +4.2% Cash conversion 79% 89% - ROCE 36.5% 37.0% (50)bps Interim dividend 3.00p 2.95p +1.7% Notes: 1. OCC results are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates. 2. Adjusted figures exclude the amortisation of acquired intangible assets and other adjusting items.
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© 2026 Rotork All Rights Reserved Performance affected by Middle East-related disruption 9 Financial highlights – Oil & Gas Key takeaways: • -8.4% OCC revenue decline, driven by softer upstream and midstream activity. Downstream stable • LNG and decarbonisation supported more resilient Target Segment performance • Americas growth offset by weaker EMEA and APAC markets • 24.2% adjusted operating margin reflecting lower volumes but disciplined cost management H1 2026 H1 2025 % change % OCC1 Revenue £153.7m £169.6m (9.3)% (8.4)% Adjusted2 operating profit £37.1m £43.8m (15.2)% (13.8)% Adjusted2 operating margin 24.2% 25.8% (160)bps (150)bps Segment contribution Upstream 22% 26% Midstream 25% 26% Downstream 53% 48% Notes: 1. OCC results are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates . 2. Adjusted figures exclude the amortisation of acquired intangible assets and other adjusting items.
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© 2026 Rotork All Rights Reserved Very strong growth across Growth+ Target Segments 10 Financial highlights – Chemical, Process & Industrial Key takeaways: • +16.0% OCC revenue growth • Growth led by speciality chemicals, critical HVAC (including data centres) and marine • Americas delivered strong growth, EMEA grew well, APAC modestly lower • 24.7% adjusted operating margin, supported by operating leverage on higher volumes H1 2026 H1 2025 % change % OCC1 Revenue £114.2m £101.4m +12.6% +16.0% Adjusted2 operating profit £28.3m £23.7m +19.2% +24.4% Adjusted2 operating margin 24.7% 23.4% +130bps +170bps Notes: 1. OCC results are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates . 2. Adjusted figures exclude the amortisation of acquired intangible assets and other adjusting items.
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© 2026 Rotork All Rights Reserved Continued H1 revenue growth and robust order intake 11 Financial highlights – Water & Power Key takeaways: • +3.4% OCC revenue growth • Good momentum in water infrastructure and treatment markets • APAC delivered strong growth, while the Americas and EMEA grew more modestly • 28.1% adjusted operating margin, benefitting from higher volumes, favourable mix and tariff effects H1 2026 H1 2025 % change % OCC1 Revenue £99.3m £96.3m +3.1% +3.4% Adjusted2 operating profit £27.9m £24.5m +14.1% +15.1% Adjusted2 operating margin 28.1% 25.4% +270bps +290bps Notes: 1. OCC results are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates . 2. Adjusted figures exclude the amortisation of acquired intangible assets and other adjusting items.
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© 2026 Rotork All Rights Reserved 80.8 82.2 (1.4) (0.4) 5.6 (2.4) 70 72 74 76 78 80 82 84 86 Margin expansion in a mixed environment 12 Adjusted operating profit bridge 2025 Adj. operating profit2 FX 2026 Adj. operating profit2 OverheadsStructure £mKey takeaways: • Adjusted operating margin +60bps higher on an OCC basis • Positive pricing offset inflation. Limited operating cost growth • FX headwind of £(1.4)m, a (20)bps headwind to margins • Net structure impact (£0.4)m from Noah and disposals 22.0% +60bps OCC1(20)bps FX / Structure Volume, price/mix 22.4% 0 Notes: 1. OCC results are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates . 2. Adjusted figures exclude the amortisation of acquired intangible assets and other adjusting items. +4.1% OCC1
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© 2026 Rotork All Rights Reserved Adjusted and statutory operating profit 13 Items below adjusted operating profit Key takeaways: • £15m Business Transformation investment in H1 • Disposal gain related to the two asset disposals announced in Q1 • Public offer-related costs associated with proposed cash offer by ABB • Adjusted effective tax rate flat year-on-year Adjustments to operating profit (£m) H1 2026 H1 2025 Amortisation of acquired intangibles (1.6) (1.4) Business Transformation investment (15.0) (12.6) Gain on disposal of business 6.9 - Contingent consideration release 1.7 - Public offer-related costs (1.3) - Disposal-related costs (0.8) - Other costs (0.1) (2.1) Total adjusting items (10.2) (16.1) Tax credit on adjusting items 4.2 4.0 Total adjusting items (post-tax) (6.0) (12.1) Tax Reported effective tax rate 23.0% 25.2%1 Adjusted effective tax rate 25.2% 25.2%1 Notes: 1. 2025 full year effective tax rate and adjusted effective tax rate were 25.9% and 25.3% respectively.
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© 2026 Rotork All Rights Reserved Cash flow reflects Oil & Gas dynamics 14 Summary cash flow Key takeaways: • Cash conversion at 79% • Working capital outflow related to Oil & Gas end market volatility • Capex in line with expectations • Reduction in net interest income due to capital allocation in year £m H1 2026 H1 2025 Net working capital 222.7 194.1 Net working capital as % of sales 28.7% 26.4% Cash conversion 79% 89% Cash generated from operations 64.8 71.9 Net capex and repayment of lease liabilities (8.2) (8.2) Net own ordinary shares acquired (0.3) (0.3) Net interest (0.8) 0.3 Income taxes (17.7) (18.6) Business Transformation costs and other (15.4) (15.8) Free cash flow1 22.4 29.3 Notes: 1. Free cash flow is after organic investment and calculated as ‘net cash flows from operating activities’, plus ‘net cash flows from investing activities’ (excluding acquisitions/disposals of businesses), plus ‘net cash flows from financing acti vities’ (excluding dividends paid on ordinary shares, the share buyback programme, and proceeds from or repayments of borrowings).
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© 2026 Rotork All Rights Reserved Robust balance sheet after capital deployment 15 Capital allocation and liquidity Key takeaways: • £44m dividend payment • £40m share buyback • Finished the period with a net cash position of £25m • Strong balance sheet provides strategic and financial flexibility £m H1 2026 H1 2025 Net cash at 1 January 65.3 125.3 Free cash flow 22.4 29.3 Dividends (43.7) (42.1) Share buyback (40.3) (21.6) Acquisitions1 - (39.8) Capital deployed (84.0) (103.5) Disposals 19.8 - Net movement in lease liabilities - 1.6 FX and other non-cash items 1.8 (9.4) Net cash at 30 June 25.3 43.3 Notes: 1. Initial consideration of £35.6m was paid on completion, with a further deferred consideration of £2.0m recognised, with future payment contingent on certain performance conditions being met. Including cash acquired of £3.8m, the total cash outflow for prior period acquisitions was £31.8m plus settlement of debt acq uired of £8.0m.
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Outlook and summary Presented by Kiet Huynh – Chief Executive Officer
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© 2026 Rotork All Rights Reserved UnchangedMore gradual recovery Expect stronger performance 31 Water & Power Oil & Gas • Outlook unchanged, with continued momentum expected for the full year • Growth in water markets led by investment in modernisation and resilience projects • Positive power market conditions, including global gas power generation Revenue % 27 Overall Group outlook unchanged, expect further progress on an OCC basis in 2026 17 2026 Group and divisional outlook • Full year performance now expected to be stronger than previously anticipated • Growth continues across T arget Segments supported by demand for automation, electrification and digitalisation solutions • Strong demand in data centre markets Revenue % Industrial Process Chemical Target Segments – continue to grow faster than underlying end markets Rotork Service – significant potential from continued expansion of Service offering 42 • More gradual recovery from disruption in the Middle East; full year revenue now expected to be slightly lower • Growth+ initiatives position us well to benefit from increasing energy security-related investment Revenue % Downstream Midstream Upstream Water Power Chemical, Process & Industrial
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© 2026 Rotork All Rights Reserved 2. Growth+ leverages an attractive business model, structural tailwinds and balance sheet flexibility Growth+ resilience, further progress expected in 2026 18 1. Strategic initiatives delivering 3. Growth+ drives resilient performance in H1 4. FY 2026 outlook 5. Recommended cash acquisition of Rotork by ABB at an offer value of 506 pence per share (including an interim dividend of 3 pence if paid) +1.3% YoY H1 OCC revenue growth1 +10% H1 Target Segment OCC growth1 24% Rotork Service, as % of sales 36.5% ROCE £25m Net cash Overall Group outlook unchanged, expect further progress on an OCC basis in 2026 Summary 0.25 World class safety +60bps H1 OCC margin increase1,2 Notes: 1. OCC results are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates. 2. Adjusted figures exclude the amortisation of required intangible assets and other adjusting items.
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E: mail@rotork.com www.rotork.com Appendices
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© 2026 Rotork All Rights Reserved Revenue and adjusted operating margin 20 Revenue (£m) H1 2026 H1 2025 % change % OCC1 Oil & Gas 153.7 169.6 (9.3)% (8.4)% Chemical, Process & Industrial 114.2 101.4 +12.6% +16.0% Water & Power 99.3 96.3 +3.1% +3.4% Group 367.2 367.3 0.0% +1.3% Adjusted2 operating margin H1 2026 H1 2025 % change % OCC1 Oil & Gas 24.2% 25.8% (160)bps (150)bps Chemical, Process & Industrial 24.7% 23.4% +130bps +170bps Water & Power 28.1% 25.4% +270bps +290bps Group 22.4% 22.0% +40bps +60bps Notes: 1. OCC results are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates . 2. Adjusted figures exclude the amortisation of acquired intangible assets and other adjusting items.
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© 2026 Rotork All Rights Reserved Geography revenues 21 Revenue (£m) H1 2026 H1 2025 % change % OCC1 EMEA 141.8 144.1 (1.6)% (0.4)% APAC 115.6 125.7 (8.0)% (6.8)% Americas 109.8 97.5 +12.6% +14.2% Group 367.2 367.3 0.0% +1.3% Key takeaways: • EMEA OCC sales growth in CPI and Water & Power was offset by Oil & Gas • APAC OCC sales growth in Water & Power was offset by Oil & Gas and CPI • Americas OCC sales growth driven by very strong growth in CPI and growth in both Water & Power and Oil & Gas Notes: 1. OCC results are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates .
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© 2026 Rotork All Rights Reserved Analysis of movements 22 £m H1 2025 Reported Foreign exchange Disposals H1 2025 OCC OCC1 Acquisitions H1 2026 Reported Order intake 391.1 (1.5) (5.1) 384.5 (15.3) 2.6 371.8 (4.0)% (4.9)% Revenue 367.3 (2.0) (5.5) 359.8 4.7 2.7 367.2 +1.3% 0.0% Adjusted2 operating profit 80.8 (1.4) (0.9) 78.5 3.2 0.5 82.2 +4.1% +1.7% Adjusted2 operating margin 22.0% - 21.8% 22.4% (20)bps +60bps +40bps Notes: 1. OCC results are excluding acquisitions and disposals of businesses and restated at 2026 exchange rates . OCC growth rates are calculated as a percentage of the retranslated prior year result, excluding disposed businesses. 2. Adjusted figures exclude the amortisation of acquired intangible assets and other adjusting items.
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© 2026 Rotork All Rights Reserved Earnings per share 23 H1 2026 H1 2025 % change Profit before tax as reported £71.4m £65.1m +9.7% Adjusted1 profit before tax £81.6m £81.2m +0.5% Effective tax rate 23.0% 25.2% (220)bps Adjusted1 effective tax rate 25.2% 25.2% - Basic EPS as reported 6.7p 5.7p +17.5% Adjusted1 basic EPS 7.4p 7.1p +4.2% Notes: 1. Adjusted figures exclude the amortisation of acquired intangible assets and other adjusting items.
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© 2026 Rotork All Rights Reserved Working capital 24 28.1% 28.7% 25.9% 27.3% 26.4% 25.1% 26.4% 26.8% 28.7% June 2022 Dec 2022 June 2023 Dec 2023 June 2024 Dec 2024 June 2025 Dec 2025 June 2026 June 2026 % revenue June 2025 % revenue Inventory £105.5m 13.6% £88.4m 12.0% Trade receivables £170.6m 22.0% £150.8m 20.5% Trade payables £(53.4)m (6.9)% £(45.1)m (6.1)% Net working capital £222.7m 28.7% £194.1m 26.4%
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© 2026 Rotork All Rights Reserved Exchange rates 25 USD Euro Average rates H1 2025 1.30 1.19 FY 2025 1.32 1.17 H1 2026 1.35 1.15 + = GBP strengthening / - = GBP weakening H1 2026 v H1 2025 +3.6% (2.9)% H1 2026 v FY 2025 +2.0% (1.3)% Period-end rates June 2025 1.37 1.17 December 2025 1.35 1.15 June 2026 1.33 1.16 + = GBP strengthening / - = GBP weakening June 2026 v June 2025 (3.4)% (0.3)% June 2026 v December 2025 (1.6)% +1.2%
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© 2026 Rotork All Rights Reserved Dividends 26 Key takeaways: • 2026 interim dividend increased 1.7% to 3.00p (2025 interim: 2.95p) Core dividend Month paid / payable Amount Cost 2024 final June 2025 5.00p £42.1m 2025 interim September 2025 2.95p £24.5m Paid in 2025 7.95p £66.6m 2025 final June 2026 5.35p £43.7m 2026 interim September 2026 3.00p £24.4m* Payable in 2026 8.35p £68.1m* Notes: * Management estimates.
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E: mail@rotork.com www.rotork.com Thank you