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2026 INTERIMRESULTS PRESENTATION 1986 - 2026
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AGENDA 2 Tim Averkamp Chief Executive Officer & Director 30+ yrs. in international industrial manufacturing and construction machinery BS Mechanical Engineering | MBA Vincenzo (Enzo) LiCausi Chief Financial Officer, Secretary & Director 30+ yrs. in corporate finance and accounting BS Accountancy | CPA 01 Welcome & Opening Remarks 02 Governance Update 03 H1 2026 Results 04 Strategic Plan Update 05 Outlook 06 Questions
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OPENING REMARKS Forty Years of Defining the Industry And executing on it today 3 1986 2026
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4 ABOUT US FASTER. FLATTER. FEWER.® 40 yrs Laser Screed Pioneer 90+ Countries Served 20+ Products in Range 160+ Employees Worldwide Atlantic Mine, MI Production, Operations & Training Fort Myers, FL Global HQ & Training Chesterfield, UK & Kampenhout, BE Sales, Aftermarket Parts & Service and Training Delhi, India Sales, Aftermarket Parts & Service Melbourne, AU Sales, Aftermarket Parts & Service and Training Boomed Screeds Large-Format Industrial Floors Ride-On & Walk-Behind Commercial And Smaller Placements Aftermarket Parts, Service, and Training Aftermarket Support SERVICE RECURRING REVENUE RELIABLE QUALITY | EXPERT SUPPORT | ALWAYS THERE
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01 Market stabilization and strong strategy execution drove growth • Revenue up 22%, across every region and most product lines • Operating leverage lifted Adjusted EBITDA • Strong cash generation with strong net cash 02 Fortify, Innovate, Amplify is delivering measurable results • New customers now ~28% of direct machine revenue, up from ~21% in 2025 • Recent product launches gaining traction across the range • Governance strengthened through direct shareholder consultation 03 Momentum into H2 supports upgraded FY26 guidance • Guidance raised to ~US$ 95.0m revenue and ~US$ 19.5m Adjusted EBITDA • Customer activity steady and backlogs healthy • Cautious on macro and geopolitical uncertainty; well positioned as conditions improve 5 KEY MESSAGES
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6 GOVERNANCE UPDATE A COMPLETE PROCESS, SHAPED BY SHAREHOLDERS JUNE 2026 Review Launched Governance Review Announced JULY - AUGUST 2026 Feedback Gathered Shareholder Consultation Now Complete AUGUST 2026 Changes Agreed 1) Majority Voting 2) Two-Year Staggered Terms IN PROCESS Board Refresh New Non-Executive Director(s) Reduced Executive Directors NEXT Special Meeting Certificate Amendments Put to Shareholders Outcome: stronger accountability and Board effectiveness, improved alignment with governance best practices Full detail published in the RNS
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THE RESULT G O V E R N A N C E BOARD EVOLUTION Announced 28 August 2026: how the composition of the Board changes BOARD TODAY FOLLOWING THE TRANSITION NON -EXECUTIVE DIRECTORS Robert Scheuer Chairman Thomas Anderson Non-Executive Anne Ellis Non-Executive Lawrence Horsch Stepping down EXECUTIVE DIRECTORS Tim Averkamp CEO Vincenzo LiCausi CFO Howard Hohmann Moving to CCO NON -EXECUTIVE DIRECTORS Robert Scheuer Chairman Thomas Anderson Non-Executive Anne Ellis Non-Executive New Independent NED In-process EXECUTIVE DIRECTORS Tim Averkamp CEO Vincenzo LiCausi CFO Non-Executive Directors represent a greater share of the Board going forward Greater proportion of Non-Executives Stronger independence and accountability Deep experience, broad perspective Proven executive expertise retained Open Seat TBD 7
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H1 2026 HIGHLIGHTS 01 Growth returned across the business Broad-based across all territories and most product lines, with new and next generation products contributing meaningfully US$ 48.7m revenue, up 22% 02 Operating leverage converted growth into profit and cash Adjusted EBITDA up 59% to US$ 10.1m, operating cash flow of US$ 7.1m and net cash of US$ 29.6m 20.7% EBITDA margin, vs 15.9% 03 Strategic initiatives are funding returns to shareholders Measurable impact contributing to growth, enabling dividends and share repurchases US$ 9.2m to shareholders 8
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MARKET UPDATE 9 Market Conditions Stabilizing • Delayed projects beginning to restart • Customer activity and backlogs remain healthy, albeit uncertainty has not dissipated • Growth concentrated around AI-led data centers (up 22% year-over-year) ~7%-10% of private non-residential construction • Interest rates and credit remain restrictive • No material change in competitive landscape Leading Indicators Continue to Improve Modestly • The Architecture Billings Index (ABI) gradual improvement • Demand for industrial space absorption starting to outpace new supply • Associated Builders and Contractors (ABC) backlog remains healthy • ConstructConnect Project Stress Index (PSI) fewer projects delayed and/or abandoned • FMI Nonresidential Construction Index (NRCI) contractor sentiment remains positive Data: U.S. Census Bureau, Value of Construction Put in Place | Framing: AIA Consensus Construction Forecast
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FINANCIAL HIGHLIGHTS US$ MILLIONS (EXCEPT PER SHARE DATA) H1 2026 H1 2025 Revenue 48.7 39.8 Adjusted EBITDA (1,2) 10.1 6.4 Adjusted EBITDA margin (1,2) 20.7% 15.9% Profit before tax 9.1 4.9 Adjusted net income (1,3) 6.6 3.3 Diluted adjusted net income per share (1,3) $0.12 $0.06 Cash flow from operations 7.1 4.1 Net cash (4) 29.6 24.6 Ordinary interim dividend per share $5.0c $4.0c Notes: (1) The Company uses non-US GAAP financial measures to provide supplemental information regarding the Company’s operating performance. See further information regarding non-GAAP measures below. (2) Adjusted EBITDA as used herein is a calculation of the Company’s net income plus tax provision, interest expense, interest income, foreign exchange loss, other expense, depreciation, amortization stock-based compensation and non-cash lease expense. (3) Adjusted net income is a calculation of net income plus amortization of intangibles and excluding the tax impact of stock option and RSU settlements and other special items. (4) Net cash is defined as cash and cash equivalents less borrowings under bank obligations exclusive of deferred financing costs. 10 Commentary +22% REVENUE GROWTH Revenue of US$ 48.7m, with growth across all territories and most product lines +59% ADJUSTED EBITDA GROWTH Adjusted EBITDA of US$ 10.1m, with gross margin held at 52.8% and operating leverage driving the flow-through $7.1m OPERATING CASH FLOW Cash generation funded a net cash position of US$ 29.6m $9.2m SHAREHOLDER RETURNS Returned to shareholders in the period through dividends and share buybacks
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Atlantic Mine (Houghton), Michigan, USA North America, 80% NORTH AMERICA North America, 80% % OF REVENUE BY REGION Fort Myers, Florida, USA REGIONAL PERFORMANCE 11 US$ 38.9m REGIONAL REVENUE H1 2026 revenue, up from US$ 31.8m in H1 2025 +22% REVENUE GROWTH Growth across most product lines, led by Boomed and Ride-on screeds Customers report steady activity and robust backlogs, with improvement in project starts Direct machine revenue from new customers represented ~28% of total NA direct machine revenue in H1 2026 (H1 2025: 19%) Of the Hammerheads sold to dealers in H1 2026, 65% were then sold to customers new to Somero Regional mix stable: North America 80% of revenue in both H1 2026 and H1 2025, with international steady at ~20%
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EUROPE % OF REVENUE BY REGION Europe, 10% Kampenhout, Belgium Chesterfield, United Kingdom REGIONAL PERFORMANCE 12 US$ 4.9m REGIONAL REVENUE H1 2026 revenue, up from US$ 3.5m in H1 2025 +41% REVENUE GROWTH Increased activity across the region drove the improvement Europe remains a key target international market offering significant future growth potential despite near-term headwinds Direct machine revenue from new customers represented 28% of total European direct machine revenue in H1 2026 (H1 2025: 38%) Of the Hammerheads sold to dealers in H1 2026, 45% were then sold to customers new to Somero Belgium service center continues to support local machine repair, aftermarket parts & service and training
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Melbourne, Australia AUSTRALIA Australia, 5% % OF REVENUE BY REGION 13 REGIONAL PERFORMANCE US$ 2.4m REGIONAL REVENUE H1 2026 revenue, up from US$ 2.1m in H1 2025 +12% REVENUE GROWTH Growth normalizing after the strong initial uptake period Direct machine revenue from new customers represented 16% of total AUS direct machine revenue in H1 2026 (H1 2025: 25%) Severe shortages of skilled tradespeople persist, alongside inflation and tight monetary policy Continued focus on broadening market awareness and expanding the dealer network
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ROW, 5% % OF REVENUE BY REGION REST OF WORLD1 14 1 includes Latin America, India, China, Middle East, Korea, and Southeast Asia REGIONAL PERFORMANCE US$ 2.5m REGIONAL REVENUE H1 2026 revenue, up from US$ 2.4m in H1 2025 +7% REVENUE GROWTH Driven primarily by higher sales volume into Latin America Given the relatively small base of business in each geography, trading will fluctuate from period to period
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SALES BY PRODUCT CATEGORY US$ MILLIONS H1 2026 H1 2025 Boomed screeds(1) 17.6 $ 13.3 Ride-on screeds(2) 10.2 7.1 Remanufactured machines 3.3 3.4 3-D Profiler System® 4.2 2.7 Aftermarket Parts & Service 9.1 8.3 Other(3) 4.3 5.1 TOTAL $ 48.7 $ 39.8 Notes: (1) Boomed Screeds include the S-28EZ, S-22EZ+, S-15R, S-15EZ, SRS-6, SRS-4 and SRS-4e. (2) Ride-On Screeds include the S-940, S-940e, S-485, S-158C and Hammerhead. (3) Other includes training, machine freight, as well as other equipment such as the SkyScreed, SkyStrip®, Somero Broom + Cure®, STS-11M Topping Spreader, STS- 11HC Topping Spreader, Copperhead, Somero Line Dragon®, Mini Screed C, Viper, and S-PS50. 15 Commentary +33% BOOMED SCREEDS US$ 17.6m, up from US$ 13.3m, as larger project activity returns; mix reflects project size and type +45% RIDE-ON SCREEDS US$ 10.2m, up from US$ 7.1m, with new and next generation products contributing meaningfully +9% AFTERMARKET PARTS & SERVICE US$ 9.1m, up from US$ 8.3m, aftermarket revenue growing with the installed base +55% 3-D PROFILER SYSTEM US$ 4.2m, up from US$ 2.7m, as customers add profiling capability to machines
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OPERATING RESULTS US$ MILLIONS H1 2026 H1 2025 Revenue $ 48.7 $ 39.8 Gross profit 25.7 21.0 Operating expenses: Selling, marketing & customer support 7.1 6.7 Engineering & product development 1.0 1.0 General & administrative 9.5 8.6 Total operating expenses 17.6 16.3 Operating income 8.1 4.7 Other income (expense) 1.0 0.2 Income before income taxes 9.1 4.9 Provision for income taxes 2.4 2.3 Net income $ 6.7 $ 2.6 16 Commentary +22% GROSS PROFIT US$ 25.7m, up from US$ 21.0m, manufacturing cost and sourcing actions offset inflation and tariffs, maintaining gross margin at 52.8% COST DISCIPLINE Operating expenses increased moderately in part due to revenue related variable expenses and non- recurring administrative costs +72% OPERATING INCOME US$ 8.1m, up from US$ 4.7m, as revenue growth converted through operating leverage $6.7m NET INCOME Up from US$ 2.6m, operating leverage plus the tax provision reflecting a normalized effective rate <8%
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BALANCE SHEET US$ MILLIONS JUNE 30, 2026 DECEMBER 31, 2025 Cash $ 29.6 $ 33.2 Accounts receivable, net 5.6 7.0 Inventory 22.2 21.0 Prepaid & other 2.4 3.3 Total current assets 59.7 64.4 Other assets 32.6 33.5 Total assets $ 92.3 $ 97.9 Current liabilities 10.2 12.7 Other liabilities 2.3 2.8 Total liabilities 12.5 15.5 Stockholders’ equity 79.8 82.4 Total liabilities & equity $ 92.3 $ 97.9 17 Commentary $29.6m NET CASH Cash of US$ 29.6m and no debt, after US$ 5.8m of share repurchases and US$ 3.4m of dividends -20% ACCOUNTS RECEIVABLE Receivables down on strong collections +5% INVENTORY Inventory at US$ 22.2m to support new products and second-half demand $79.8m EQUITY Total liabilities of just US$ 12.5m keep the balance sheet unlevered and flexible
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CASH FLOWS 18 US$ MILLIONS H1 2026 H1 2025 Net income $ 6.7 $ 2.6 Adjustments to reconcile to cash provided by operating activities 1.7 2.5 Net working capital changes (1.3) (1.0) Net cash provided by operating activities 7.1 4.1 Net cash used in investing activities (0.6) (0.5) Payment of dividends (3.4) (7.1) Payment under financing leases (0.2) (0.1) Share buy-back (5.8) (0.8) RSUs settled for cash (0.6) (0.5) Net cash used in financing activities (10.0) (8.5) Effect of exchange rates on cash (0.0) 0.0 Net increase (decrease) in cash $(3.6) $ (4.9) Commentary +76% OPERATING CASH FLOW Operating cash flow of US$ 7.1m, up from US$ 4.1m, as net income rose to US$ 6.7m $1.3m WORKING CAPITAL Outflow driven by inventory build for new products $0.6m CAPITAL EXPENDITURE Modest investment needs, with no major projects planned, reflects adequate capacity to support volume growth $9.2m SHAREHOLDER RETURNS US$ 5.8m buy-back completed, plus additional US$ 6.0m authorized, and US$ 3.4m of 2025 final ordinary dividends paid
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CAPITAL ALLOCATION Ordinary Dividend Policy Remains Unchanged: Fixed payout ratio of 50% of adjusted net income Share Buyback Interim dividend declared: US$ 0.05 per share (2025: US$ 0.04) H1 2026: US$ 5.8m completed (H1 2025: US$ 0.8M) US$ 6.0m added to Authorization for remainder of 2026 $ Capital Allocation Framework Return capital to shareholders Strategic acquisitions Market conditions & share price Maintain strong balance sheet Invest in the business Lifetime capital returned to shareholders$180m 19
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STRATEGIC PLAN UPDATE Shaping Excellence Fortify Reinforcing the foundation of the business to ensure resilience, consistency, and operational discipline across cycles. Innovate Advancing technology and product development to expand our addressable market and reinforce category leadership. Amplify Expanding Somero’s reach, broadening market coverage, and deploying capital to drive long-term value creation. 20 Fortify Somero 3.0 Shaping Excellence Sustainable Growth Innovate Amplify To shape a future where innovation and excellence lead the way!
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FORTIFY. INNOVATE. AMPLIFY. Operational Excellence Lean, visual management, and 6S embedded daily Efficiency and sourcing offset inflation and tariffs Gross margin preserved at 52.8% Reinforcing the foundation of the business to ensure resilience, consistency, and operational discipline across cycles. Organizational Development Continued investment in employee development Succession planning builds long-term capability Strategy spans the business, led by our people Training Development Collaboration COST PRESSURE COUNTERBALANCED BY PROACTIVE ACTION COST PRESSURE Inflation, surcharges and tariffs PROACTIVE ACTIONS Lean, sourcing and negotiation IN BALANCE GROSS MARGIN HELD AT 52.8% OPERATING LEVERAGE MAINTAINED 21
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FORTIFY. INNOVATE. AMPLIFY. Somero Concrete Institute (SCI) Europe Launched in H1 2026, extending the U.S. model Facilities in Belgium and Chesterfield, UK Hands-on training, education, and certification Builds capability, utilization, and aftermarket sales Reinforcing the foundation of the business to ensure resilience, consistency, and operational discipline across cycles. 22 Customer Support & Service Excellence 24/7 technical support, training, and field service Support depth competitors cannot replicate Expanded service and fleet-management offerings Digital tools improve engagement and uptime SERVICE RECURRING REVENUE RELIABLE QUALITY | EXPERT SUPPORT | ALWAYS THERE
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Advancing technology and product development to expand our addressable market and reinforce category leadership. Boomed screed sales up 33% to US$ 17.6 million vs H1 2025 FORTIFY. INNOVATE. AMPLIFY. 23 Next Generation S-15EZ Advanced automation, precision control Superior maneuverability, jobsite access Higher uptime, easier maintenance Next Generation S-22EZ+ Flagship platform, automation (30+ new features) Higher productivity, uptime, simplified controls Enhanced connectivity, diagnostics
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Advancing technology and product development to expand our addressable market and reinforce category leadership. Hammerhead Ride-on Screed Opens the small to mid-size segment More accessible entry point to Somero Wins vs. manual methods & competition Ride-on screed sales up 45% to US$ 10.2m FORTIFY. INNOVATE. AMPLIFY. US Concrete Customer Segmentation TotalAddressable Market 40,000+ Contractors Commercial Residential & Commercial Residential 24 Viper Walk-Behind Screed Debuted at World of Concrete Small pours, tight jobsites Lowest entry point to Somero 40’x40’ carport, Prior method is screeded by hand
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Advancing technology and product development to expand our addressable market and reinforce category leadership. FORTIFY. INNOVATE. AMPLIFY. Where We Are Today Standard S-15EZ, S-22EZ+, S-28EZ Early stage, growing install base Turns machine data into insight Small-machine offering in development 25 Value We Are Creating Fortify enabler - strengthens 24/7 support Supports uptime and utilization Faster diagnostics, remote support Supports aftermarket parts & service revenue Technology Development – Connected Machines
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Innovation Pipeline Advancing technology and product development to expand our addressable market and reinforce category leadership. FORTIFY. INNOVATE. AMPLIFY. 26 Active, Robust Pipeline Focused on evolving needs Continued R&D across platforms Aligned with real-world demand Strengthened Capabilities Expanded product management Added software engineering depth Disciplined roadmap, agile delivery Built on Deep Engagement Years of R&D behind each product Direct customer and dealer input Confidence as end markets evolve DISCOVER EVALUATE DEVELOP LAUNCH GROW
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Expanding Somero’s reach, broadening market coverage, and deploying capital to drive long-term value creation. FORTIFY. INNOVATE. AMPLIFY. 27 Commercial Expansion & Market Coverage Global dealer network up 23% now 37 (multiple locations) Expanded product-specialist group accelerating Hammerhead adoption Closer to the contractor and faster to respond than local competitors New customers now ~28% of direct machine revenue Aftermarket parts & service revenue US$ 9.1m, up 9% eCommerce parts platform in development for easy, anytime ordering
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Expanding Somero’s reach, broadening market coverage, and deploying capital to drive long-term value creation. FORTIFY. INNOVATE. AMPLIFY. STRATEGIC FILTERS Technology / Capability Portfolio / Product Aftermarket Parts & Service Revenue Diversification Operational & Commercial Synergies Geographic & Market (TAM) FINANCIAL CRITERIA Incremental Revenue ROIC > Cost of Capital Accretive Free Cash Flow Cash-funded, limited debt Mergers & Acquisitions Framework 28 PROCESS & GOVERNANCE Capacity to Act Say No Quickly Disciplined Screening Board-Level Review
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01 Delivering Results • Broad based return to growth • Strong cash generation; net cash and a debt-free balance sheet • Returned capital to shareholders through buybacks and dividends 02 Executing the Strategy • Fortify, Innovate, Amplify initiatives underway with measurable impact • Expanding market reach through new products and broader customer coverage • Strengthened governance: consultation complete, changes to shareholder vote 03 Raising Guidance • FY26 upgraded to US$ 95.0m revenue, US$ 19.5m Adjusted EBITDA and US$ 29.0m cash • Resilient model: profitable through cycles on a flexible cost structure • Well positioned to benefit as conditions improve 29 H1 2026 RESULTS & OUTLOOK
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30 INVESTMENT CASE OUR INVESTMENT CASE IS BASED ON SIX CORE STRENGTHS SOMERO Faster. Flatter. Fewer. INDUSTRY LEADER IN NEW PRODUCTS Innovation and protected technology, designed around customer jobsite needs MARKET LEADING POSITION 20+ products, small pours to complex placements; category creator TOTAL SOLUTIONS PROVIDER Equipment, expertise, aftermarket parts & service and consultative support as one model PROVEN MANAGEMENT TEAM Long tenure through multiple cycles, broadened by wider industry experience ATTRACTIVE GLOBAL GROWTH OPPORTUNITY Long-term growth potential in markets worldwide STRONG AND CONSISTENT FINANCIAL PERFORMANCE Cash generative and debt free, with a track record of returns to shareholders
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QUESTIONS 31
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APPENDICES 1986 - 2026
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33 EXECUTIVE LEADERSHIP Tim Averkamp Chief Executive Officer & Director Vincenzo (Enzo) LiCausi Chief Financial Officer, Secretary, Director Howard Hohmann Chief Commercial Officer Jesse Aho President Global Operations Joined 2025 Joined 2018Joined 1997 Joined 2008 30+ yrs. in international industrial manufacturing and construction machinery 40+ yrs. in concrete construction, global sales and distribution 30+ yrs. in corporate finance and accounting 20+ yrs. in global operations and manufacturing BS Mechanical Engineering Master of Business Administration (MBA) US Marine Corps Commercial Concrete Contractor BS Accountancy Certified Public Accountant (CPA) BS Industrial Technology MS Industrial Training & Development G O V E R N A N C E
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Who we are Somero pioneered the Laser Screed® machine providing industry-leading concrete-leveling equipment, training, education and support for 40 years Founded In 1986 160+ Employees LSE (AIM: SOM) Since 2006 AT A GLANCE 34 Global Headquarters Somero Concrete Institute Training Fort Myers, Florida, USA Production, Operations, & Support Atlantic Mine (Houghton), Michigan, USA Australia Sales, Parts, & Service Center Melbourne, Australia European Sales, Parts, & Service Center Somero Concrete Institute Training Kampenhout, Belgium United Kingdom Sales, Parts, & Service Center Chesterfield, United Kingdom India Sales, Parts, & Service Center Delhi, India What we do Somero’s laser-guided technology and wide-placement methods specified for use in a wide range of construction projects allow concrete contractors and self-performing general contractors to complete every concrete floor installation, faster, flatter and with fewer people, providing a platform for customers to grow successful businesses. Warehousing Exterior Paving Assembly Plants Parking Structures Commercial Construction Retail CentersFASTER. FLATTER.FEWER.® Customers in 90+ Countries
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LEADERS IN LEVELING Building Owners/End-Users Specifying Flat, Level Floors: Golden Trowel award given annually to commercial concrete contractors that achieve the highest industry standards in concrete floor construction and produce the flattest and most level floor slabs in the world Administered, judged, and issued by The Face® Companies Extensive track record of Golden Trowel Awards for laser screeded floors won using a Somero Laser Screed® Active in concrete construction and related industry associations: 35
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STRONG FINANCIAL PROFILE 36 Gross Margins • Premium brand • Low labor cost Atlantic Mine (Houghton), MI • Low capital assembly operation • Flexible cost structure Lean SG&A • Tenured senior leadership team and adaptable personnel • Team oriented culture and investments in technology & training contribute to efficiency • Customer centric EBITDA Margins • Profitable through economic cycles • Variable cost structure • Disciplined financial perspective Free Cash Flows • Healthy profits • Modest working capital investment • Inventory to support short order lead times No Debt • Own properties at Atlantic Mine (Houghton), MI and Fort Myers, FL • Access to $25M credit facility - $0 outstanding Financial Position • Strong cash generation funds organic growth • Significant return of capital to shareholders • Selective, disciplined M&A optionality
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PRODUCTS & APPLICATIONS SRS-4e S-22EZ+ SRS-6s SRS-4 S-28EZ S-485 S-940e S-940 37 Hammerhead S-15EZ RELEASE PRODUCT APPLICATION MARKET BOOMED SCREEDS: 25,000-50,000+ ft2 placements warehouses, manufacturing assembly plants, tilt- panel and agricultural buildings SLAB ON GRADE CAST-IN-PLACE 2026 S-22EZ+ 2025 S-15EZ 2025 SRS-4e 2024 SRS-6 2022 S-PS50 2022 S-28EZ 2012 S-15R 2015 S-10A 2020 SRS-4 RIDE-ON SCREEDS: 5,000-30,000 ft2 placements schools, medical and retail centers, multi- level commercial construction, agricultural buildings SLAB ON GRADE SLAB ON DECK 2025 Hammerhead 2024 S-940e 2016 S-940 2014 S-485 2018 S-158C S-PS50 S-940e
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PRODUCTS & APPLICATIONS RELEASE PRODUCT APPLICATION MARKET WALK-BEHIND SCREEDS: Small commercial, residential and multi- level placements SLAB ON GRADE SLAB ON DECK 2026 Viper® 2009 Mini Screed® 2002 CopperHead® XD 3.0 MATERIAL APPLICATION: Projects involving concrete hose pumps, projects requiring dry shake-on hardener, applying curing agents and texture to exterior concrete slabs SLAB ON GRADE SLAB ON DECK 2024 STS-11HC 2012 STS-11M 2019 Somero Line Dragon® 2020 Somero Broom + Cure® GRADING / EXTERIOR PAVING: Exterior concrete paving and parking structures, exterior sub-grade SLAB ON GRADE2004 SiteShape® System 2000 3-D Profiler System® SKYLINE: Screeding on structural high-rise and slab-on grade applications HIGH-RISE STRUCTURAL2020 SkyScreed® 36 2021 SkyStrip® Mini Screed® CopperHead® Somero Line Dragon® Somero Broom+Cure® STS-11HC 3-D Profiler System®SiteShape® System SkyScreed® 36 38 Viper®
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TRAINING AND EXPERTISE In-Person at the Somero Concrete Institute in Fort Myers, FL, which has a 48-person multi-media classroom and a 10,000 ft concrete placing center which is a controlled venue to place, screed, finish and test concrete slabs on a daily basis, that has now been expanded to Belgium, BE, and Chesterfield, UK . On demand training through Somero’s Learning Management System (LMS) provides a vast catalogue of training materials in over 12 languages to enable a trainee to complete fundamental training in the absence of a physical trainer. Virtual training through Somero’s platform enables trainees to interact in a live format with Somero trainers regardless of geographic or time zone constraints. Somero does more than sell equipment. The Company helps customers grow profitable businesses by providing access to world class training and concrete placement & finishing expertise. IN-PERSON ON DEMAND VIRTUAL 39
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OUR ESG FRAMEWORK Our goal is to strike the right balance between shareholder expectations and the needs and concerns of our employees and customers, the communities we live in, and the environment. Social Somero is dedicated to fostering an open and inclusive working environment for our employees, ensuring their safety and wellbeing at all times, supporting a training program for our customers and giving back to the community in which we operate. Environmental Somero is committed to making a lasting positive impact on the environment in which we operate and doing our bit to reduce our environmental footprint. Governance Maintaining strong, diverse leadership and accountability on ESG issues is critical and Somero takes this responsibility seriously in how we manage ESG across our business. 40
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ESG IN ACTION: SOCIAL ▪ Industry Support ▪ Charitable Donations ▪ Employee Volunteering ▪ PTO Employee Training ▪ Somero Concrete Institute Harry Chapin Food Bank SW Florida (Spring & Fall 2025) Houghton Area Food Drive (Fall 2025) Feeding America Upper Peninsula BackPack Food Program (Summer 2026) 41 Habitat for Humanity (Spring 2026)
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ESG IN ACTION: ENVIRONMENTAL Investments and actions to reduce waste, energy and water consumption: • Cardboard recycling baler • LED lighting retrofit • Water usage monitoring Environmental Study Phase I: 2021 Middle Tennessee State University research study identified environmental benefits from the use of Somero laser screed equipment over traditional manual methods by reducing concrete. Environmental Study Phase II: Colorado State University study completed in 2023 concluded the use of Somero laser screed equipment reduces concrete used in slab-on-grade projects by 3% over traditional manual methods. 42
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HISTORICAL RESULTS 43 YEARS ENDED DECEMBER 31, US$ Millions 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenue 24.2 21 21.9 32.2 45.1 59.3 70.2 79.4 85.6 94.0 89.3 88.6 133.3 133.6 120.7 109.2 88.9 Revenue growth -53% -13% 4% 47% 40% 31% 18% 13% 8% 10% -5% -1% 50% 0% -10% -10% -19% Cost of sales 12.5 11.2 11.7 16.5 21.6 27.3 31 34.3 36.9 40.4 38.6 39.8 56.5 57.4 53.3 50.35 42.7 Gross Profit 11.7 9.8 10.2 15.7 23.5 32 39.2 45.1 48.8 53.6 50.7 48.8 76.8 76.2 67.4 58.8 46.2 Gross profit % 48% 47% 47% 49% 52% 54% 56% 57% 57% 57% 57% 55% 58% 57% 56% 54% 52% SG&A 27.4 11.5 12.0 14.3 17.1 19.4 21.6 23.9 23.3 24.5 24.1 24.9 31.7 33.1 33.8 34.5 32.3 Operating income/(loss) (15.7) (1.7) (1.8) 1.4 6.4 12.6 17.6 21.2 25.5 29.1 26.6 23.9 45.1 43.1 33.6 24.3 13.9 Interest expense -1 -0.5 -0.4 -0.3 -0.2 -0.1 -0.2 -0.1 -0.1 -0.1 - - - - - 0 Other income 0.1 -0.2 -0.1 0.1 0.3 -0.1 - 0.2 0.4 - 0.4 0.7 -0.5 -2.3 -0.4 -0.5 1.3 Income before tax (16.6) (2.4) (2.3) 1.2 6.5 12.4 17.4 21.3 25.8 29.0 27.0 24.6 44.6 40.8 33.2 23.8 15.2 Tax -1.2 -0.2 0 0.2 1.1 -2.1 5.8 7 7.3 7.5 5.9 5.8 9.8 9.7 5.3 5.2 5.0 Net income (15.4) (2.2) (2.3) 1.0 5.4 14.5 11.6 14.3 18.5 21.5 21.1 18.8 34.8 31.1 27.9 18.6 10.2 Other data: Adjusted EBITDA(1) 0.8 1 0.9 4.2 9 15 20 24.6 28 30.8 28.7 26.1 47.8 46 36.5 27.7 17.5 Adjusted EBITDA margin 3% 5% 4% 13% 20% 25% 29% 31.0% 33.0% 33.0% 32.0% 29.0% 36.0% 34.0% 30.0% 25.3% 19.7% Depreciation & amortization 2.7 2.6 2.6 2.6 2.4 2 2.3 2.7 2.1 1.2 1.1 1.1 1.3 1.4 1.6 1.8 2.4 Capital expenditures - - 0.1 0.6 0.8 1.2 4.2 4.4 2.2 0.8 3 3.7 6.2 5.2 1.7 2.4 1.0