Slides
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2026 Half Year Results August 2026
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT 03 Introduction 05 Financial review 12 Business overview 22 Q&A 23 Appendices 27 Contact TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 2
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Introduction Gavin Slark, CEO 3TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTION
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Financial overview 4TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 INTRODUCTION (£m) H1 2026 H1 2025 Change Revenue 2,258 2,300 (1.8)% Gross margin 27.4% 26.4% 1.0ppt Adjusted operating profit 67 63 6.3% Net (cash) / debt before leases (55) 103 158 Profit after tax 30 26 15.4%
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Financial review Duncan Cooper, CFO 5TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT FINANCIAL REVIEW
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Financial overview (£m unless otherwise stated) H1 2026 H1 2025 Change Revenue 2,258 2,300 (1.8)% Adjusted operating profit before property profits 62 62 – Adjusted operating profit 67 63 6.3% Adjusted earnings per share 15.1p 13.3p 13.5% Net (cash) / debt before leases (55) 103 158 Net debt / adjusted EBITDA 1.9x 2.3x 0.4x Ordinary dividend per share 4.0p 4.5p (11.1)% FINANCIAL REVIEW 6TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Market conditions remain challenging but recapturing share whilst protecting profits 6 months ended 30 June 2026 • Activity levels remain subdued • Scrutinising low margin transactions and credit risk • Steady recapture of lost market share in General Merchant • Staircraft disposal FINANCIAL REVIEW 7TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT A clear focus on improving gross margin and disciplined cost management 6 months ended 30 June 2026 • Gross margin expansion through o more effective inflation pass-through both pre and post Iran conflict o sales mix o procurement gains • Cost inflation and mitigation in line with guidance 8 FINANCIAL REVIEW TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Further strong cash generation builds resilience and flexibility • Access costs relate to Q4 2025 restructuring • Focus on strategic suppliers drives working capital inflow • Careful approach to credit given market backdrop • Selective capital expenditure focused on fleet and uninvested branches • Further opportunities for self-help remain H1 2026 H1 2025 Adjusted EBITDA 140 147 Access costs / discontinued operations (8) (10) Movement in working capital 47 71 Interest, tax and lease liabilities (83) (91) Capex (32) (31) Dividends (17) (19) Freehold property activity 17 (3) Divestment of Staircraft / other (9) 24 Net cash inflow 55 88 FINANCIAL REVIEW 9TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Transformed balance sheet provides the foundations to continue our rebuild • Further reduction in net debt driven by operational discipline • Net £17m generated from freehold activity • Lease debt reduced due to timing of renewals and exits of vacant sites • Leverage within target range of 1.5-2.0x for the first time since 2022 30 Jun 2026 31 Dec 2025 Change Covenant Net debt £544m £621m £77m Net debt / adjusted EBITDA 1.9x 2.1x 0.2x < 4.0x Net (cash) before leases £(55)m £(1)m £54m FINANCIAL REVIEW 10TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Outlook and guidance Current trading and outlook • Market conditions remain challenging but clear focus on protecting profitability • Tight grip on costs and cash 11TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 Full year guidance • Group ETR of 28% on UK profits • Base capital expenditure of £60-70m • Property profits of c. £5m • Expect similar market conditions and trading performance in H2 FINANCIAL REVIEW
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Business overview Gavin Slark, CEO INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT BUSINESS OVERVIEW 12TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026
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Three tiers in the Group Tier 2 Tier 3Tier 1 • These businesses continue to deliver a sustainable return • Focus on business performance, synergy opportunities and improvement • Pursue opportunities to offset the residential and new build sector • Focus on efficiencies and improvement to infrastructure holdings • Strategic review of the business complete • Discussions progressing well across multiple interested parties 13TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 Benelux INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT BUSINESS OVERVIEW
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Travis Perkins General Merchant • Encouraging early progress in rebuilding profitability and retaking share • Gross margin expansion through inflation pass through, sales mix and procurement • Capital expenditure renewing the fleet and uninvested estate • Streamlined and focused management team including Managed Services and Benchmarx • Start of lightside procurement synergies with Toolstation UK 14TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 BUSINESS OVERVIEW
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Toolstation UK • Performance remains in line with our expectations • Now 900,000 Toolstation Club members • Opportunity to accelerate procurement benefits from Far East Sourcing Office • Potential for distribution and supply chain efficiencies with other parts of Group • Store numbers to increase from 590 to 650 over the medium term 15TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 BUSINESS OVERVIEW
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Toolstation Benelux • Previously announced strategic review of business completed in H1 • Discussions underway with multiple interested parties • Further update when appropriate 16TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 BUSINESS OVERVIEW Benelux
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT BSS • BOSS private label opportunity • Logistics efficiencies by cross-docking at Magna Park and Cross Point • Expanding further into the commercial, industrial and infrastructure sectors • Driving growth in commercial air-source heat pumps • Expanding access and collaboration with major projects such as prisons 17TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 BUSINESS OVERVIEW
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Keyline • Strong H1 inflation on product set • New-build market weakness remains a challenge • Exploring opportunities in utilities, infrastructure and data centres • Strong focus on cost and working capital • Well-positioned for market recovery 18TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 BUSINESS OVERVIEW
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT CCF • Performance has deteriorated since last year • CCF holding market share • Slowdown in new-build market and high-rise developments a challenge • Actions identified to deliver supply chain and logistics efficiencies • Category remains critical to UK construction in the long term 19TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 BUSINESS OVERVIEW
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT TF Solutions • Warm summer weather driving record levels of demand • AC, refrigeration, gases and install all growing sales and gross margin • Digital catalogue now live • TF Solutions opening in Dublin within the BSS branch in H1 2027 • Significant opportunities for long-term growth in changing climate 20TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 BUSINESS OVERVIEW
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Summary INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT 21TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 BUSINESS OVERVIEW 1. Strong cash performance underpins financial resilience and flexibility 2. Maintaining discipline on costs and capital allocation, with a continued focus on margin 3. Further opportunities for self help with benefits for both short and medium term 4. New management team fully established and developing well 5. Market leading positions give confidence for future performance
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Q&A INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Q&A 22TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Appendices INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT APPENDICES 23TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Definitions Metric Definition Operating profit Profit before tax, financing charges and income Earnings per share (‘EPS’) Ratio of net profit after taxation adjusted for minority interests to weighted number of ordinary shares outstanding Adjusted operating profit / Adjusted EPS Operating profit / EPS before adjusting items and amortisation of acquisition-related intangible assets ROCE Adjusted operating profit divided by the combined value of balance sheet debt and equity Net debt On-balance sheet debt including lease liabilities Net debt / Adjusted EBITDA The ratio of net debt to earnings before tax, interest, depreciation, amortisation and adjusting items (‘adjusted EBITDA’) Free cash flow (‘FCF’) Net cash flow before dividends, freehold property purchases and disposal proceeds, pension deficit repair contributions, adjusting cash flows and financing cash flows Like-for-like sales growth Revenue growth adjusted for new branches, branch closures, business acquisitions and disposals and trading day differences. Revenue included in like-for-like is for the equivalent periods in both years under comparison. Branches are included once they have traded for more than 12 months APPENDICES 24TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Sales drivers by reporting segment 25TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 APPENDICES (% unless otherwise stated) Merchanting Toolstation UK Toolstation Benelux Total Group Total revenue Q1 Q2 H1 Q1 Q2 H1 Q1 Q2 H1 Q1 Q2 H1 2026 (4.2) (1.1) (2.6) 3.2 2.1 2.6 (7.0) (5.3) (6.1) (3.1) (0.6) (1.8) 2025 (3.5) (2.7) (3.1) 4.3 4.1 4.2 (8.0) (7.2) (7.6) (2.4) (1.8) (2.1) Like-for-like revenue 2026 (2.3) – (1.2) 2.6 2.1 2.4 (7.1) (6.0) (6.5) (1.7) 0.1 (0.7) 2025 (3.2) (1.0) (2.1) 4.4 3.2 3.7 (3.0) (4.3) (3.7) (2.1) (0.5) (1.2) Price and mix 2.7 1.8 1.3 2.5 Like-for-like volume (3.9) 0.3 (7.8) (3.2) Like-for-like revenue growth (1.2) 2.1 (6.5) (0.7) Network changes (1.4) 0.5 0.4 (1.1) Trading days – – – – Total revenue growth (2.6) 2.6 (6.1) (1.8)
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT Branch numbers 6 months ended 30 June 2026 31 Dec 2025 Openings Closures 30 Jun 2026 Travis Perkins General Merchant 551 3 (10) 544 Benchmarx1 28 – (1) 27 Keyline 41 – – 41 CCF 37 – – 37 BSS 54 – – 54 TF Solutions 16 – – 16 Merchanting 727 3 (11) 719 Toolstation UK 590 3 (3) 590 Toolstation Europe 109 1 – 110 Toolstation 699 4 (3) 700 Group 1,426 7 (14) 1,419 1. Standalone Benchmarx branches only. The Group also has 110 Benchmarx showrooms or implants within Travis Perkins General Merchant branches. 26TRAVIS PERKINS PLC / 2026 Half Year Results / August 2026 APPENDICES
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INTRODUCTIONFINANCIAL REVIEWBUSINESS OVERVIEWQ&AAPPENDICESCONTACT CONTACT Strong customer and supplier relationships Comprehensive UK network Toolstation growth potential Diverse portfolio of brands Experienced people Contact Duncan Cooper investor.relations@travisperkins.co.uk 27