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1Synthomer plc 2026 interim results Synthomer plc | 2026 interim results T uesday 4 August 2026 Strong H1 trading supported by strategic progress
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2Synthomer plc 2026 interim results This presentation is being provided to you in good faith and solely for your information purposes, speaking as of the date hereof, and is subject to correction, update and change in its entirety, and no reliance may be placed on it for any purpose. This presentation does not purport to contain all the information that may be required to evaluate Synthomer plc (“Synthomer” or “the Group”), its securities or its financial position. Nothing contained in these materials shall constitute or form part of, or be construed as, an offer, invitation or recommendation to purchase, sell or subscribe for any securities in any jurisdiction or solicitation of any offer to purchase, sell or subscribe for any securities in any jurisdiction and neither the issue of the information nor anything contained herein shall form the basis of or be relied upon in connection with, or act as any inducement to enter into, any investment activity. Synthomer makes no recommendation to purchase, sell or otherwise deal in shares in Synthomer or any other securities or investments whatsoever. These materials have not been independently verified and no representation, warranty or undertaking, express or implied, is given by or on behalf of Synthomer or its directors, officers, employees, agents or advisers or any other person (“Associated Parties”) as to the completeness, accuracy or fairness of the information or opinions contained in these materials and no responsibility, obligation or liability whatsoever is accepted or will be accepted by Synthomer or its Associated Parties for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. Certain industry and market data contained in these materials has come from third party sources. Third party publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of accuracy or completeness of such data. These materials may contain projections and other forward- looking statements speaking only as at the date of this presentation. The words “believe”, “expect”, “anticipate”, “intend” and “plan” and similar expressions identify forward-looking statements. All statements other than statements of historical facts included in these materials, including, without limitation, those regarding Synthomer’s financial position, potential business strategy, potential plans and potential objectives, are forward- looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Synthomer’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions, and some or all of these assumptions may not prove to be accurate. None of Synthomer or its Associated Parties gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur, in part or in whole. Other than as required by applicable law, none of Synthomer or its Associated Parties assumes any obligation to update or provide any additional information in relation to such statements. Additionally, statements of the intentions or beliefs of Synthomer’s board of directors reflect the present intentions and beliefs of the board of directors as at the date of these materials and may be subject to change. Nothing in this presentation is intended as a profit forecast or estimate for any period. Recipients of these materials should conduct their own investigation, evaluation and analysis of the business, data and property described in this presentation. Percentages in these materials have been rounded and accordingly may not add up to 100 per cent. Certain financial data have also been rounded. As a result of this rounding, the totals of data presented in these materials may vary slightly from the actual arithmetic totals of such data. Important notice
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3Synthomer plc 2026 interim results AGENDA 01 Overview – Michael Willome 02 Financial review – Iain Torrens 03 Strategic progress – Michael Willome 04 Outlook and summary – Michael Willome 05 Q&A
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4Synthomer plc 2026 interim results Strong H1 trading supported by strategic progress H1 2026 results ahead of expectations • +5% revenue (+2% vol, +3% price), +13% EBITDA, +36% EBIT growth on Continuing Group basis • 10.1% EBITDA margin (+80bps) Consistent strategy delivery and self help driving growth • Revenue growth in all divisions: led by product initiatives – intumescent coatings for data centres, onshore oil & gas, sustainable adhesives applications – and regional strategies – including China, USA, Middle East • Margin improvement in all divisions – speciality focus, cost savings and other self help Strong business model • Robust supply chain, world-class global procurement, ‘in region’ manufacturing strategy, differentiated speciality products with pass-through pricing power, innovation and agility • Some volume benefits directly from Iran conflict disruption, principally in Heath & Protection Strategy execution to continue • Successful refinancing extended maturities and reset covenants – stable financial position to support strategy • Non-core divestment programme continues (Acrylate Monomers) with more underway; cost and cash discipline; speciality focus FY 2026 outlook upgraded • Strong H1 led by underlying strategy delivery and self help: recurring progress expected to continue into H2 • Upgrade to Free Cash Flow expectations supports faster deleveraging by year end
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5Synthomer plc 2026 interim results AGENDA 01 Overview – Michael Willome 02 Financial review – Iain Torrens 03 Strategic progress – Michael Willome 04 Outlook and summary – Michael Willome 05 Q&A
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6Synthomer plc 2026 interim results • Continuing revenue +5.1% in CC1 to £954m – Group volume +2.3% led by strategic focus on new products and markets – Robust pass-through of raw material increases in Q2 reflected in price/mix – Some benefits in base volumes from competitors disrupted by Iran conflict • £14m continuing Group EBITDA progress vs H1 2025: – c.£8m from underlying strategic growth initiatives and other self help – c.£6m net from Iran conflict-related effects in Q2 and not forecast to recur – Both net of wage inflation and normalisation of bonus accrual • £5m improvement in Acrylate Monomers EBITDA in discontinued • Substantial increases in EBIT and underlying PBT – Despite higher net financing costs following refinancing • Underlying EPS 21.5p vs (3.6)p – Reflecting improved performance and an H1 tax credit which reverses at FY • Net debt £671.3m vs £575.0m in Dec 25 – Reflects typical seasonal working capital profile, higher raw material prices and KLK receivable unwind – Covenant net debt:EBITDA 4.9x (Dec 26 covenant 6.25x) – £268m in committed liquidity H1 26 group financial summary Ahead of expectations mainly driven by strategy delivery, with all divisions contributing Underlying Continuing business2 £m H1 26 H1 25 H1 % change H1 % change CC1 Revenue 954.3 894.4 +6.7% +5.1% EBITDA 96.7 83.1 +16.4% +13.4% EBITDA margin 10.1% 9.3% EBIT 48.6 34.3 +41.7% +35.9% PBT (Total Group) 12.7 1.3 EPS (Total Group) 21.5p (3.6)p Special items (36.4) (29.2) Net debt 671.3 638.3 H1 26 revenue vs H1 25 Volume Price / mix FX Total +2.3% +2.8% +1.6% +6.7% 1 ‘CC’ means constant currency throughout this document. 2 Excludes Acrylate Monomers since divestment announcement – H1 26 EBITDA £(0.4)m, (H1 25: £(5.3)m)
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7Synthomer plc 2026 interim results • H1 26 divisional trading – Volume +2.5%, led by industrial coatings and energy solutions – Revenue +5.8% in CC1 reflecting volume, higher pricing from prompt pass-through of raw material costs in Q2, and mix effects – Gross margin improved on outperformance of higher-margin, more speciality parts of the portfolio – EBITDA +30.1% in CC with margin 11.5%; also benefiting from ongoing cost focus • Business portfolio – Industrial coatings segment benefitting from growth in intumescent and other high-performance coatings for data centres and infrastructure – Energy solutions volume improvement reflects recovery in offshore oil & gas and new customers in onshore drilling & cementing – Construction volume up modestly, led by Asia, with decorative coatings and consumer slightly lower – Asia and the US were fastest-growing regions in period Coatings & Construction Solutions (CCS) Shifting mix towards higher-margin products including through innovation Underlying £m H1 26 H1 25 H1 % change H1 % change CC1 Revenue 400.5 372.5 +7.5% +5.8% EBITDA 46.0 34.5 +33.3% +30.1% EBITDA margin 11.5% 9.3% +220bps EBIT 33.9 22.2 +52.7% +48.2% H1 26 revenue vs H1 25 Volume Price / mix FX Total +2.5% +3.3% +1.7% +7.5% 1 ‘CC’ = constant currency.
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8Synthomer plc 2026 interim results • H1 26 divisional trading – Volume +0.9% despite subdued market demand and temporary reliability issues in certain sites, with Q2 base chemical demand boosted by capacity challenges experienced by Asian competitors – Revenue +2.6% in CC1, with fast and bold pass-through of higher raw materials costs, partially offset by mix effects – EBITDA +4.5% in CC with margin +20bps to 12.1% – with further progress on self help partly offset by mix in the period • Business portfolio – Growth led by new CLIMA-branded sustainability products and growth in China – Revenue increased in all regions but was fastest in Asia and China, followed by the USA and Europe in the period – Packaging and tyres delivered strong volume growth while hygiene and plastic modification were more subdued – Reliability challenges in Netherlands and at hosted site in Texas constrained growth in period Adhesive Solutions (AS) New sustainability-focused products and China growth, moderated by reliability setbacks Underlying £m H1 26 H1 25 H1 % change H1 % change CC1 Revenue 304.2 298.4 +1.9% +2.6% EBITDA 36.7 35.4 +3.7% +4.5% EBITDA margin 12.1% +11.9% +20bps EBIT 18.4 19.2 (4.2)% (3.1)% H1 26 revenue vs H1 25 Volume Price / mix FX Total +0.9% +1.7% (0.7)% +1.9% 1 ‘CC’ = constant currency.
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9Synthomer plc 2026 interim results • H1 26 continuing divisional trading – Revenue +7.2% in CC1, reflecting +2.8% volume, mix and pass- through of higher raw materials prices – EBITDA +5.9% in CC with margin +20bps to 10.0% from further efficiency programmes • Health & Protection (H&P) – +13.5% volume in nitrile latex for gloves market as competitors’ value chains were disrupted by Iran conflict in Q2 – Mix and raw material price pass through supported higher margins particularly in April and May • Performance Materials (PM) – (5.0)% volume with lower activity levels particularly in foam and speciality vinyl polymers offset by paper growth, and higher pricing – Strong focus on cost efficiency and process optimisation continues • Acrylate Monomers (discontinued since divestment announced in June) – EBITDA loss reduced to £(0.4)m vs £(5.3)m in H1 2025 through cost actions and more favourable short-term market dynamics Health & Protection and Performance Materials (HPPM) 1 CC = constant currency. 2 Acrylate monomers, Compounds and William Blythe are classed as discontinued operations. Continued focus on long-term delivery, temporarily enhanced by higher H&P volumes in Q2 H1 26 revenue vs H1 25 Volume Price / mix FX Total +2.8% +4.5% +4.4% +11.7% Underlying Continuing business2 £m H1 26 H1 25 H1 % change H1 % change CC1 Revenue 249.6 223.5 +11.7% +7.2% EBITDA 24.9 21.9 +13.7% +5.9% EBITDA margin 10.0% 9.8% +20bps EBIT 13.2 7.2 +83.3% +66.7%
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10Synthomer plc 2026 interim results Focused on derisking and deleveraging the balance sheet • Core debt facilities – RCF and UKEF facilities refinanced in April – now mature February 2029 – Security and guarantee package provided by certain group companies – RCF utilisation principally reflects seasonal net working capital flows • Covenants and liquidity – Quarterly net debt:EBITDA covenants1 – 6.25x (Dec 26), 5.25x (Dec 27), and 4.25x (Dec 28) with intra-year periods aligned to expected cash flow profile. No June 2026 test – £268m in committed liquidity at end June 2026 • Receivables financing – One-off £50m receivables purchase arrangement with KLK now fully unwound, partially offset by £35.4m increase in commercial factoring – Net utilisation of £149.8m at end June 2026 – €200m committed receivables facility recently extended to end July 2028 • Capital allocation priorities – Space to deliver divestment programme and disciplined organic-led growth – Reducing leverage towards our 1-2x target range remains a key priority Balance sheet and liquidity Net debt2 (£m) Maturity Dec 2024 Jun 2025 Dec 2025 Jun 2026 RCF Feb 2029 - 68.3 44.3 144.6 UKEF facilities Feb 2029 414.2 411.8 419.5 407.3 €520m bond Jul 2025 123.9 128.7 - - €350m bond Jul 2029 284.4 295.8 301.1 298.0 Cash (225.5) (266.3) (189.9) (178.6) Reported net debt 597.0 638.3 575.0 671.3 Covenant net debt: EBITDA1 4.6x 4.8x 4.7x 4.9x 1 Definitions used for the covenant test include a number of adjustments to the net debt and EBITDA figures shown elsewhere in this document; typically these definitional adjustments increase the covenant ratio by 0.4-0.5x compared with using reported net debt and EBITDA. 2 All debt facilities are stated net of capitalised debt costs, which have been recognised as a reduction in borrowing in the financial statements. Cash is shown net of bank overdraft facility utilisation (£4.0m in Jun 2026).
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11Synthomer plc 2026 interim results FY 26 cash flow outlook increased; leverage of 4.0-4.35x expected by year end • Self-help/cost savings continue to support EBITDA – Underlying self help and strategy progress set to continue into H2 • Working capital – Typical H1 seasonal outflow (reflecting activity levels) higher than usual, reflecting increased raw materials prices – Expect substantial seasonal inflow in H2 as H1 drivers reverse – Further structural working capital opportunities also targeted – Net reduction in receivables financing absorbed £14.6m from FCF • Capital expenditure – On track for c.£70m FY target (c.£15m lower vs FY 25) • Free Cash Flow – H1 FCF excl receivables financing movement was £(66.2)m (H1 25: £(57.1)m) – Positive FCF excl receivables financing for FY 26 expected • Other – Cash interest expected to be c.£65m for FY (P&L interest now c.£73- 75m reflecting amortisation of issuance costs) – Expecting modestly lower cash impact of Special Items in FY 26 vs FY 25 Cash flow Free cash flow and net debt £m H1 26 H1 25 FY 25 Opening net debt (575.0) (597.0) (597.0) Total Group EBITDA (ex JVs) 94.5 81.0 138.7 Net working capital excl receivables financing (90.4) (70.9) (4.4) Net change in receivables financing (14.6) 26.8 77.2 Capital expenditure (33.5) (44.1) (86.3) Operating Cash Flow (44.0) (7.2) 125.2 Interest (31.2) (27.5) (60.6) Tax (3.5) 7.5 0.5 Pensions (1.7) (2.6) (5.3) Other (0.4) (0.5) (3.2) Free Cash Flow (80.8) (30.3) 56.6 Net M&A (1.5) 21.9 21.3 Cash impact of Special Items (6.7) (8.6) (19.2) Repayment of principal portion of lease liabilities (5.9) (7.6) (12.4) Proceeds on issue of shares (0.1) - - FX translation and other (1.3) (16.7) (24.3) Closing net debt (671.3) (638.3) (575.0)
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12Synthomer plc 2026 interim results AGENDA 01 Stronger foundations – Michael Willome 02 Financial review – Iain Torrens 03 Strategic progress – Michael Willome 04 Outlook and summary – Michael Willome 05 Q&A
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13Synthomer plc 2026 interim results Diversity, equity & inclusion and holistic people development Differentiated steering in how we allocate capital and talent Operational and commercial excellence in how we run our business Rigorous and consistent portfolio mgmt. to build focused, leading positions Organic growth in attractive end markets Synthomer is a speciality solutions platform for Coatings & Construction, Adhesives and Health & Protection market segments End-market orientation in everything we do Longer term ambition: Speciality Chemicals company focused on select attractive end-markets Sustainability as a value-driver and a principle for how we run our business Innovation as a critical enabler 01 02 03 04 05 Synthomer’s focus, strengthen, grow strategy Becoming a more focused, more resilient, higher quality business
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14Synthomer plc 2026 interim results Strategic direction Increasing our specialisation, global position and efficiency Base ~50%~50% Speciality Speciality ~45%~55% Base ~25% ~20% Asia ~55% USAEMEA EMEA ~25%~25% Asia ~50% USA ~43 28 ex-AM Portfolio % revenue base vs. speciality Geography % revenue by geography Factories # of sites Increasing speciality weighting More balanced geographic distribution More streamlined Pre-new strategy Synthomer H1 26 Speciality ~30%~70% Base EMEA ~25%~35% Asia ~40% USA New target: ~25 Future Synthomer
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15Synthomer plc 2026 interim results Delivering as a true speciality platform • Increasing range of profitable growth opportunities – Strengthening presence in high growth sub-segments – e.g. intumescent coatings (vol doubled vs 2025) for data centres and infrastructure, battery storage technology, medical and filtration – Improving geographical balance – strategic key account management for top global customers and targeted marketing to new customers in North America, Middle East and Asia – Speciality focus, value selling and pricing strategies ensured prompt pass-through of higher raw materials to customers in Q2 • Ongoing portfolio improvements – Embedding more end-market focused and faster speed to market innovation strategy – Managing manufacturing footprint including through partnerships to localise production, increase efficiency and be closer to customers • Ongoing cost optimisation measures – Annualising benefits of cost reduction programme initiated in 2025 – Continuous capacity management including temporary capacity idling, adjusting shift patterns – Inventory management measures to enhance cash flow progressing Coatings & Construction Solutions Our strategic opportunity Leading positions with solutions to enhance energy efficiency, waterproofing Leveraging global network and high-performance technology platforms Sustainability and regulatory tailwinds underpin GDP+ growth Healthy innovation pipeline H1 26 revenue breakdown Architectural coatings Industrial coatings Consumer materials Construction Energy solutions 31% 13% 24% 22% 10%
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16Synthomer plc 2026 interim results Having successfully turned around the operating performance, growth increasingly in focus • Growth and new business generation – Increasingly leveraging global production network and multi-year relationships with blue-chip customers to grow speciality exposure (60% of divisional revenue) – Supported by new CLIMA lower carbon brand and ISCC+ mass balance certification – China Innovation Centre and partnerships helping to localise manufacturing in China, win additional customers and broaden end market exposure – Demand for some base chemical products in Europe and US benefitted from selective competitor capacity challenges in Q2 • Further improve competitiveness and reliability – Further benefits from performance improvement programme in H1 26; cumulatively £40m since 2023 and targeting £43m+ – H1 26 EBITDA margin 12.1% vs 5.4% in H1 23 – Progressing opportunities to optimise inventory levels and reduce working capital intensity • Volume growth in period constrained by continued intermittent reliability issues – Expected to be resolved in Q3 Adhesive Solutions Tapes & Labels Packaging Tyres Plastic modification Hygiene Assembly & other 35% 9% 14% 11% 6% 25% Our strategic opportunity Leading positions in EMEA and the Americas across all tackifier groups Strong long-term customer relationships Significant revenue synergies from combined business Market-focused innovation pipeline with strong sustainability angle H1 26 revenue breakdown
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17Synthomer plc 2026 interim results Strong H&P performance in Q2 highlights operating leverage of base chemicals products • H&P performance strongly correlated with competitor dynamics in period – Underlying glove demand growth remains robust; pricing and margins across industry reflect rapidly changing supply-side environment – Our strong market position, manufacturing expertise and procurement meant H&P volumes and pricing inflected significantly in April and May as Iran conflict disrupted competitors – Continuing to make longer-term progress through innovation in reusable gloves, more complex disposables, lower carbon materials • Mixed performance across Performance Materials portfolio – Reduced demand during Q2 disruption particularly affected foam and SVP businesses – Paper and carpet markets in Europe relatively more resilient – Continued focus on cost savings and efficiencies – Encouraging progress trialling innovative product to enhance circularity of carpet value chain • Advancing the strategic transformation of the portfolio – Acrylate Monomers divestment announced in June – fourth transaction since 2022 strategy review; business significantly reduced losses in period – Broadened divestment programme continuing to move forward Health & Protection and Performance Materials Health & Protection Speciality vinyl polymers Paper Carpet Foam Antioxidants 48% 10% 18% 15% 6% 3% Our strategic opportunity Market leader in £3bn NBR market – base chemicals characteristics with high underlying structural growth Hygiene and emerging market megatrends support c.6% growth per annum Innovation focused on process improvement and reducing scope 1, 2 & 3 emissions Performance Materials – some attractive niches but mostly non-core to Group strategy H1 26 continuing revenue breakdown
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18Synthomer plc 2026 interim results AGENDA 01 Overview – Michael Willome 02 Financial review – Iain Torrens 03 Strategic progress – Michael Willome 04 Outlook and summary – Michael Willome 05 Q&A
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19Synthomer plc 2026 interim results Current trading and outlook Full year 2026 outlook upgraded to slightly ahead of market expectations1 • H1 2026: Good progress delivered mainly from sustainable, strategic growth and further self help – Led by new products and markets, enhancing innovation and market positioning, and cost actions – Continued to deliver despite substantial changes in operating and commercial environment, reflecting speed and agility, ‘in region for region’ manufacturing, world-class procurement capabilities and ability to pass-through raw materials price increases to customers – Recurring EBITDA progress from strategic initiatives and self help of c.£8m net in H1 2026 relative to H1 2025 – c.£6m in net benefits from margin and volume increases in base chemical product areas, principally H&P , in Q2 – not forecasted to recur • H2 2026 outlook: Expect broadly similar level of strategic and self help EBITDA progress relative to H2 2025 as was achieved in H1 2026 – Now expect positive FY 2026 Free Cash Flow excluding non-recourse receivables financing movement – Leverage to strengthen to 4.0-4.35x range by year end (excluding any further divestments) 1 Company-compiled FY 2026 EBITDA consensus of £162m, based on analyst updates since AGM trading update on 22 June
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20Synthomer plc 2026 interim results Medium-term financial targets: Summary • Continuing to deliver strategic transformation towards speciality – now more than ever it is the right strategy • Encouraging new product and market developments in H1 – business beginning to grasp its opportunities for sustained growth • FY outlook for earnings and cash generation upgraded, mainly reflecting progress with strategic objectives and operational discipline • Refinancing and continued portfolio rationalisation help provide further runway to reduce leverage – our biggest challenge over last few years • Opportunity to sustainably improve earnings power through self-help, innovation and other strategic delivery, and end-market volume growth Revenue growth Mid-single-digit % (constant currency) EBITDA margin 15%+ (innovation, product mix, cost leadership/ops excellence) ROIC Mid-teens Leverage 1-2x net debt/EBITDA 30% EBITDA drop through from end-market volume recovery + Further earnings growth from strategic delivery Further self-help actions + Substantial earnings growth ambitions in medium term: Further strategic progress delivering sustainable trading momentum
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21Synthomer plc 2026 interim results AGENDA 01 Overview – Michael Willome 02 Financial review – Iain Torrens 03 Strategic progress – Michael Willome 04 Outlook and summary – Michael Willome 05 Q&A
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22Synthomer plc 2026 interim results APPENDICES 01 Special items 02 Foreign exchange and pensions 03 Operational excellence 04 Driving innovation and sustainability
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23Synthomer plc 2026 interim results • Amortisation of acquired intangibles reflects the amortisation on the customer lists, patents, trademarks and trade secrets that arose on historic acquisitions • Restructuring and site closure costs mainly comprised £5.4m of costs in relation to Group-wide procurement optimisation programme and £1.6m in relation to ongoing functional and global site rationalisation • £6.2m pension past service cost relates to a one-off non-cash revision to the late retirement benefit calculation in the US pension scheme • Sale of business costs relate to potential future divestments • The Taxation Special Items charge related to group restructuring as part of the debt refinancing • The Taxation on Special Items mainly relates to deferred tax arising on the amortisation of acquired intangibles and restructuring and site closure costs Appendix 1 H1 26 special items Continuing operations £m H1 26 H1 25 FY 25 Amortisation of acquired intangibles (22.0) (22.3) (44.4) Restructuring and site closure costs (7.0) (4.6) (13.9) Pension past service cost (6.2) - (3.2) Sale of business (1.1) (1.7) (2.4) Software as a Service implementation costs (0.1) (0.6) (1.1) Impairment credit - - 6.0 Acquisition costs and related gains - - 0.1 Total impact on operating profit (36.4) (29.2) (58.9) Loss on extinguishment of financing facilities (4.5) - - Total impact on PBT (40.9) (29.2) (58.9) Taxation special items (3.2) - - Taxation on special items 2.2 2.4 (2.0) Total impact on loss for the period – continuing (41.9) (26.8) (60.9)
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24Synthomer plc 2026 interim results Appendix 2 Foreign exchange and pensions Exchange rates to £1 in the period • Net retirement obligation decreased by £3.5m to £36.1m at 30 June 2026, primarily driven by £2.3m of cash contributions and actuarial gains of £7.7m partially offset by interest, service cost and foreign exchange movements • Closing balance primarily formed of unfunded defined benefit pension scheme in Germany of £53.8m, a pension asset in the UK of £46.6m, a deficit in the US scheme of £17.6m and a further net deficit of £11.3m from schemes in other countries Currency Movement H1 26 translation sensitivity EUR € 0.10 £1.2m USD $ 0.10 £0.1m MYR MYR 0.10 £0.0m Currency H1 26 average H1 25 average Spot rates EUR €1.15 €1.19 €1.16 USD $1.34 $1.30 $1.32 MYR MYR 5.36 MYR 5.68 MYR 5.41 FX translation exposure – EBITDA impact Pensions
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25Synthomer plc 2026 interim results Continuous improvement in how we run our business is a key pillar of the strategy Procurement Commercial excellence Synthomer Excellence (SynEx) • £1.4bn+ in procurement spend annually • Top ‘strategic’ raw materials well- managed; project undertaken to make savings on long tail of raw materials and indirect spend • Projecting c.£20m in annual savings by end 2026 • 1 end-to-end site ‘mission’ completed through H1 26 • 9 missions currently underway • 3 further missions in pipeline for rest of 2026 • Group-wide CRM upgrade implemented and key account management roll out underway • Net Promoter Score (NPS) has improved by 13 points over last two years End-to-end operations excellence • Centrally-managed ‘business excellence’ function launched in Oct 2022 • 3 Master black belts / 12 black belts (active/in training) / 62 green belts / 200+ yellow belts globally • Ongoing objective to increase trained population on track SHE excellence • The longer sites are part of Synthomer and our SHE management system, the better their performance • Year-on-year improvement in key safety metrics in all divisions • Increasing focus on leading indicators and high- consequence process safety events SynEx community Appendix 3 Operational excellence
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26Synthomer plc 2026 interim results Further progress in key initiatives underpinning future growth Our sustainability approach is commercially-led and aligned to innovation agenda… …and is also externally recognised Top quintile ESG score of global industry sector Ahead of speciality chemical industry average for managing ESG risks and opportunities Sustainability management system in top 15%; advanced rating for carbon management A- ‘leadership’ level for climate since 2023 (top quartile of chemical companies) Member since 2004Above average in the Speciality Chemicals peer group LSE Green Economy Mark recognises contribution to green economy: >50% sustainable revenue Risk rating ‘medium’ (industry average risk rating is ‘high’) 2030 decarbonisation targets approved by the Science Based Targets initiative 11 manufacturing sites ISCC+ certified to allow mass balanced- based product offerings • ISCC+ certified sites increased by 3 to 11 – mass balance-based product offerings for customers using bio- and circular feedstocks • Henkel strategic partnership launched enabling carbon emission reductions in its hot melt adhesive product portfolio – leverages recent launch of our CLIMA-branded certified reduced carbon footprint products • Board-led Innovation Taskforce building Group capabilities; trialling advanced data analytics to speed polymer formulation • H1 26 Product Vitality index 9.2% (FY 25: 8.2%) • 5 new products with enhanced sustainability benefits launched in H1 2026 • £30m of annual R&D investment (FY 25); 5 global innovation centres of excellence; 7 further regional technical centres Synthomer BIO, CIRCLE and CLIMA product logos for certified >20% bio-based content, >20% circular content, >20% reduction in product carbon footprint Appendix 4 Driving innovation and sustainability