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th INTERPUMP GROUP INTERPUMP GROUP 2026 2Q RESULTS August 5th , 2026
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22026 2Q results presentation ǀ 5-Aug-26 2026 2Q Group Financial Results Consistent with Group expectations for the period (1) Including -0.6% of FX and +2.4% of perimeter (consolidation of Padoan, Tutto Hidraulicos, Borghi Assali and F.A.R.M.A.) 555.3 561.4 2025 2Q 2026 2Q Net Sales (€M) +1.1% YoY1 o/w -0.7% org. 23.8% 22.9% 2025 2Q 2026 2Q EBITDA margin -0.9 pp YoY EPS - basic € 0.562 € 0.608 2025 2Q 2026 2Q +8.2% YoY -396.9 -305.7 2025 1H 2026 1H Net Financial Position (€M) +€91.2M YoY • Hydraulics organic and M&A more than offsetting the weaker comparison basis in Water Jetting • Lower Water Jetting contribution adversely impacting mix • Cost inflation gradually passed through to customers • Tax rate stable YoY • Positive contribution from share buy-back • Record cash generation driving significant NFP improvement
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32026 2Q results presentation ǀ 5-Aug-26 21.7 13.5 -2.7 352.0 384.5 2025 2Q Organic M&A FX 2026 2Q 0 100 200 300 400 2026 2Q ǀ Hydraulics Results YoY improvement in Sales and margin (1) consolidation of Padoan, Tutto Hidraulicos, Borghi Assali and F.A.R.M.A. • Performance reflects ongoing mitigation of cost inflation through efficiency actions / selective price adjustments and improving operating leverage • Further acceleration in demand across most application fields • 4th consecutive quarter of organic growth Net Sales (€M), Δ YoY EBITDA (€M) 73.8 81.5 2025 2Q 2026 2Q 20.9% 21.2% 2025 2Q 2026 2Q EBITDA margin +6.2% +3.8%1 -0.8% +9.2% +10.5% +0.3pp
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42026 2Q results presentation ǀ 5-Aug-26 -25.4 0.0 -1.0 203.3 176.9 2025 2Q Organic M&A FX 2026 2Q 0 50 100 150 200 2026 2Q ǀ Water Jetting Results Tough YoY comparison Net Sales (€M), Δ YoY EBITDA (€M) 58.3 46.8 2025 2Q 2026 2Q 28.5% 26.3% 2025 2Q 2026 2Q EBITDA margin • Results affected by the YoY comparison basis, after the solid delivery from Hammelmann in 2Q’25 • Performance reflects mix headwind, with the lower contribution from Hammelmann compared to 2Q’25 -12.5% 0.0% -0.5% -13.0% -19.7% -2.2pp
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52026 2Q results presentation ǀ 5-Aug-26 2026 2Q Net Financial Position & Cash Flow Stable NFP QoQ, despite the solid shareholders’ remuneration (1) Trade Working Capital = Net Working Capital with “Trade Payable” net of CapEx Trade Payable; (2) “Investment in property, plant & equipment” less “Proceeds from the sales of property, plant & equipment + Investment in other intangible assets”; (3) Cash-out of minorities related to past acquisitions. 128.4 -9.8 -22.0 -27.0 -7.4 -18.1 -57.3 2.1 -294.6 -305.7 N.F.P. 1Q'26 EBITDA Δ TWC CapEx Interest & taxes Other M&A Shareholders' remuneration FX / other N.F.P. 1H'26 0.0 -50.0 -100.0 -150.0 -200.0 -250.0 -300.0 -350.0 N.F.P . 1Q’26 EBITDA Δ TWC1 CapEx2 Interest & taxes Other M&A3 Shareholders’ remuneration FX / other N.F.P . 2Q’26 • Record FCF driven by solid operating performance: €62M, from €46M in 2Q’25 • TWC consistent with seasonality of the business • €35M of dividends paid • €22M of share buy-back Free Cash Flow +62.0 € million
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62026 2Q results presentation ǀ 5-Aug-26 2026 FY Outlook Reiterating the guidance provided (1) consolidation of Padoan, Tutto Hidraulicos, Borghi Assali, F.A.R.M.A., MVV and Teknoice FY’25 Sales €2,071M; ~+2.5% of M&A impact1 FY’25 margin 22.3%; maintained through diversification & flexibility EBITDA margin between 22% ÷ 22.5% Sales Δ YoY (org.) between -2% ÷ +3% Free Cash Flow consolidate 2025 record achievement FY’25 cash €220M; continuing normalization of TWC & CapEx
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72026 2Q results presentation ǀ 5-Aug-26 2026 Looking Ahead • Closely monitoring raw material / energy costs development • Price pass-through implemented selectively to offset risings input costs • US tariffs environment now more stable • July sales evolution in line with Group expectations and coherent with 2Q • A more balanced Hydraulics / Water Jetting mix in 2H’26
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APPENDIX
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92026 2Q results presentation ǀ 5-Aug-26 2026 1H Group Financial Results (1) Including -2.2% of FX and +2.4% of perimeter (consolidation of Padoan, Tutto Hidraulicos, Borghi Assali and F.A.R.M.A.) 1,076.9 1,086.3 2025 1H 2026 1H Net Sales (€M) +0.9% YoY1 o/w +0.7% org. 23.2% 22.4% 2025 1H 2026 1H EBITDA margin -0.8 pp YoY EPS - basic € 1.094 € 1.145 2025 1H 2026 1H +4.7% YoY -396.9 -305.7 2025 1H 2026 1H Net Financial Position (€M) +€91.2M YoY
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102026 2Q results presentation ǀ 5-Aug-26 45.2 25.8 -16.8 695.5 749.7 2025 1H Organic M&A FX 2026 1H 0 200 400 600 800 2026 1H ǀ Hydraulics Results (1) consolidation of Padoan, Tutto Hidraulicos, Borghi Assali and F.A.R.M.A. Net Sales (€M), Δ YoY EBITDA (€M) 143.1 155.0 2025 1H 2026 1H 20.5% 20.6% 2025 1H 2026 1H EBITDA margin +6.5% +3.7%1 -2.4% +7.8% +8.3% +0.1pp
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112026 2Q results presentation ǀ 5-Aug-26 -37.8 0.1 -7.0 381.4 336.6 2025 1H Organic M&A FX 2026 1H 0 100 200 300 400 2026 1H ǀ Water Jetting Results Net Sales (€M), Δ YoY EBITDA (€M) 106.3 88.0 2025 1H 2026 1H 27.7% 25.9% 2025 1H 2026 1H EBITDA margin -9.9% 0.0% -1.8% -11.7% -17.2% -1.8pp
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122026 2Q results presentation ǀ 5-Aug-26 243.1 -51.2 -40.9 -43.3 -13.0 -22.1 -82.6 -4.6 -291.1 -305.7 N.F.P. 1Q'26 EBITDA Δ TWC CapEx Interest & taxes Other M&A Shareholders' remuneration FX / other N.F.P. 1H'26 0.0 -50.0 -100.0 -150.0 -200.0 -250.0 -300.0 -350.0 2026 1H Net Financial Position & Cash Flow (1) Trade Working Capital = Net Working Capital with “Trade Payable” net of CapEx Trade Payable; (2) “Investment in property, plant & equipment” less “Proceeds from the sales of property, plant & equipment + Investment in other intangible assets” ; (3) Cash-out of minorities related to past acquisitions. N.F.P . FY’25 EBITDA Δ TWC1 CapEx2 Interest & taxes Other M&A3 Shareholders’ remuneration FX / other N.F.P . 1H’26 Free Cash Flow +94.6 € million
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132026 2Q results presentation ǀ 5-Aug-26 Capital Allocation Priorities Strategically deploying capital – medium-term framework Organic investments CapEx ~4% of Sales Acquisitions priced correctly, “perfect fit” for the Group Maintain solid balance sheet N.F.P . ~€0 by 2028 E, excl. cash-out related to large M&A Return excess capital to shareholders between dividends and share buy-back
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142026 2Q results presentation ǀ 5-Aug-26 Long-Term Targets (2028 E) Net Sales (€B) EBITDA margin Net Financial Position (€B) 2.1 2.2 2.1 2.1 ~2.5 2022 2023 2024 2025 2026 2028 E 23.7% 24.0% 22.0% 22.3% ~22.5% 2022 2023 2024 2025 2026 2028 E • Sales target includes organic and acquisitions; exploring possibility of undertaking a larger transaction • Including possible dilution effect from acquisitions -0.5 -0.5 -0.4 -0.3 ~0.0 2022 2023 2024 2025 2026 2028 E • Not including any cash-out related to large M&A
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152026 2Q results presentation ǀ 5-Aug-26 Note: Generic dealers: professional activity of retail or wholesale distribution of a broad range of goods, typically without exclusive affiliation to a specific brand or manufacturer. Generic contractors: professional activity of managing and coordinating all aspects of a construction project, including hiring subcontractors, sourcing materials, and ensuring compliance with regulations Europe 50.8% N. America 25.1% APac 13.1% RoW 11.1% by geography Agriculture 9.1% Construction 7.4%Earthmoving 5.7% Lift 5.3% Ind. Vehicles 18.3% Other Industrials 8.0% Food & Beverage 9.7% Cleaning 4.8% Shipyard / Marine 4.6% Generic Dealers 13.2% Generic Contractors 3.4% Chemical 2.4% Automotive; 1.7% Oil & Gas; 1.2% Offshore; 1.0% Other 4.2% Other 13.9% by application Group ǀ FY 2025 Sales Split Details (€2,071M)
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162026 2Q results presentation ǀ 5-Aug-26 Note: Generic dealers: professional activity of retail or wholesale distribution of a broad range of goods, typically without exclusive affiliation to a specific brand or manufacturer. Generic contractors: professional activity of managing and coordinating all aspects of a construction project, including hiring subcontractors, sourcing materials, and ensuring compliance with regulations Europe 53.6% N. America 24.4% APac 9.9% RoW 12.1% by geography Agriculture 13.8% Construction 7.9% Earthmoving 8.7% Lift 8.2% Ind. Vehicles 25.9% Other Industrials 9.5% Shipyard / Marine 3.5% Food & Beverage 0.8% Generic Dealers 15.7% Offshore 1.4% Tunneling; 0.5% Automotive; 0.6% Mining; 0.7% Other 2.7% Other 5.9% by application Hydraulics ǀ FY 2025 Sales Split Details (€1,355M)
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172026 2Q results presentation ǀ 5-Aug-26 Water Jetting ǀ FY 2025 Sales Split Details (€716M) Note: Generic dealers: professional activity of retail or wholesale distribution of a broad range of goods, typically without exclusive affiliation to a specific brand or manufacturer. Generic contractors: professional activity of managing and coordinating all aspects of a construction project, including hiring subcontractors, sourcing materials, and ensuring compliance with regulations Europe 45.4% N. America 26.4% APac 19.0% RoW 9.2% by geography Construction 6.5% Ind. Vehicles 3.8%Other Industrials 5.1% Chemical 6.9% Food & Beverage 26.5% Cleaning 13.6% Generic Dealers 8.5% Generic Contractors 9.7% Shipyard / Marine 6.6% Automotive 3.9% Oil & Gas 3.4% Steel Aluminum; 2.5% Energy Utilities & Recycling; 1.1% Other; 2.0% Other 13.0% by application
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182026 2Q results presentation ǀ 5-Aug-26 Group 2025 Sales ǀ Details by Main Company 16% 6% 4% 10% 5% 6%7%4% 2% 5% 6% 6% 4% 6% 12% Sales FY 2025 €2,071M Hydraulics €1,355M 65% of Group Water Jetting €716M 35% of Group Other W.J. Other Hydr.
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192026 2Q results presentation ǀ 5-Aug-26 Sales Details Δ YoY (Organic) Trend -40% -30% -20% -10% +0% +10% +20% +30% +40% +50% 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Group Hydraulics Water Jetting year 2019 2020 2021 2022 2023 2024 2025 1H’26 Group +1.4% -12.6% +20.1% +13.7% +6.9% -9.0% -0.7% +0.7% Hydro +0.8% -13.6% +22.8% +15.9% +5.9% -14.0% -4.1% +6.5% Water +2.5% -10.8% +14.4% +8.5% +9.5% +4.6% +8.2% -9.9%
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202026 2Q results presentation ǀ 5-Aug-26 Net Sales & EBITDA Margin Evolution 59% 63% 65% 64% 66% 66% 68% 71% 74% 73% 68% 65%41% 37% 35% 36% 34% 34% 32% 29% 26% 27% 32% 35% 0 500 1,000 1,500 2,000 2,500 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Net Sales (€M) 679 895 923 1,087 1,279 1,369 1,294 1,604 2,078 2,240 2,078 2,071 20.2% 20.1% 21.5% 22.9% 22.6% 23.2% 22.7% 23.7% 23.7% 24.0% 22.0% 22.3% 17.5% 17.2% 19.3% 20.9% 20.3% 20.7% 20.8% 21.8% 21.9% 22.6% 19.9% 19.6% 24.2% 25.0% 25.5% 26.3% 27.0% 28.0% 26.8% 28.3% 28.9% 27.7% 26.4% 27.3% 14.0% 18.0% 22.0% 26.0% 30.0% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 EBITDA margin (%) Group Hydraulics Water Jetting Water Jetting Hydr. Group
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212026 2Q results presentation ǀ 5-Aug-26 Group Approach To M&A The milestone of Group acquisition strategy • The “Perfect fit” • Accurate and comprehensive process • Soft integration The “Perfect fit” • Enabling Group diversification strategy • Technological excellence • Managerial excellence • Growth opportunities AND • Well-run, privately owned companies preferred • No turnaround or restructuring stories • Industrial and commercial consistency with Interpump An accurate and comprehensive acquisition process • Deal flows: preferably the Group network • Due diligence: financial, industrial and managerial • Evaluation process: multiples and compliance with Group guidelines • Negotiation: majority of holding and flexibility in terms of structure and payment Soft integration • Supporting companies to naturally evolve • Executive managers confirmed • Processes and IT systems connected with Group ones • Brands, supply chains and sales network preserved • Important changes only when clear value addition is present
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222026 2Q results presentation ǀ 5-Aug-26 Interpump’s Distinctive Features Group Structure • High diversity of business models, corporate structures, geographical extension • Decentralized structure, backed by centralized allocation of resources and tight monitoring/control Diversification • Across the widest possible range of applications, products, customers, geographies • High share of local-for-local production M&A • A joint effort to write the next chapter of a company’s story • Reasonable, "industrial" multiples paid • No restructuring costs or related execution risk • Retention of soft skills and talents Flexibility • Vertically-integrated manufacturing wherever possible • Use of general-purpose programmable machine tools; no rigid production lines • Standard metal-working processes facilitate outsourcing • Exposure to multiple cycles reduces volatility • Quick and optimal reaction to unexpected growth or adversities Preserving identity, brand, local supply chain, sales & workforce; preferably, seller is taken onboard as a minority shareholder Product mix & sales strategies can quickly adapt to actual signals picked from end-markets Standardization and mergers are not absolute goals; They are only pursued when an advantage is evident • Acquired companies maintain their identity, but shift to industrial from entrepreneurial • Positive influence on margins
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232026 2Q results presentation ǀ 5-Aug-26 A Delivering Group – Market Diversification (1) Management estimates on 3rd parties' data Products / applications • Power take-offs, cylinders, hydraulic motors & gear pumps, valves • Rubber and flexible metal hoses, rigid pipes, pipe system design and connection flanges • Linear, orthogonal/planetary reduction gears for lightweight to very large-scale applications Market size > €50B / year Features • Size and efficiency Growth opportunities • Organic: long-term growth related to world GDP • External: plentiful Group competitive advantages • Product range and geographical production footprint allow to supply the largest OEMs • Volatility reduced by diversification • Flexibility to adapt to any market phase • M&A strategy as a driver to improve visibility, product range and cross-selling opportunities • Manufacturing of key components ensures long-lasting business relationships HYDRAULICS WATER JETTING • Piston pumps 1-2,000HP used in high-pressure applications • Standard or custom design • Pump-based turnkey systems and assemblies ~ €1B / year • Niches market and high operators' fragmentation • Organic: on going development across various industries • External: limited • Largest player in its niche • Top-of-the-market product performance • Premium positioning due to history and reputation • After-sales (~1/3 of sector revenues) HIGH PRESSURE PUMPS - DEVICES & SYSTEMS FLOW PROCESSING COMPONENTS • Stainless steel agitators, mixers, manifolds, tanks, cleaning-in-place systems, heat treatment, centrifugal separators, low-pressure pumps ~ €9B / year • Extreme geographic & product diversification • Organic: leveraging on development & urbanization and nutritional awareness trends • External: plentiful • Hygienically sensitive applications require the same skills needed for high-pressure pumps: sophisticated flow design, high-precision metal machining & surface treatments • Focus on high-margin components
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242026 2Q results presentation ǀ 5-Aug-26 A Delivering Group – Application Diversification (1) In addition to flow handling components; (2) Group can supply the entire turnkey system EARTH MOVING Excavators Backhoe loaders Skid-steer loaders TRUCK Factory-fitted PTOs CONSTRUCTION Concrete mixing Telescopic handlers Conditioning refrigeration ventilation LIFTING Mobile-fixed cranes Elevators Forklifts Conveyor belts TRUCK OUTFITTERS Tipping trucks Trash collection Firefighting Snow plowing Towing - Car Carriers Crane trucks AGRICULTURE Farm tractors Front loaders Harvesting machines INDUSTRIAL Machine tools Hydraulic power packs Automated assembly lines DRILLING/TUNNELING Tunnel-boring machines FOOD, COSMETICS (1) High-pressure homogenizers Water-jet food cutting, slicing, meat separation High-pressure sterilization CONSTRUCTION Hydro-demolition(2) Surface preparation(2) Infrastructures renewal(2) TRUCKS Lightweight high pressure pumps for sewer trucks Other utility vehicles INDUSTRY Machine drilling & cutting(2) Pulp & paper Fibers intertwining Overspray removal STEEL / ALUMINUM Descaling of steel bars(2) Cleaning of tanks & vessels(2) CLEANING Mid/high-power cleaning(2) Car washing systems Airport tarmacs(2) Fish-farming nets(2) AUTOMOTIVE Rail engine heads deburring Bodywork cutting Welded seals cleanup MARINE / SHIPYARDS Water-blasting removal (2) Hull cleaning (2) Fuel pumps for methanol-converted marine engines WATER PROCESSING Misting Reverse-osmosis desalination CONTRACTORS Sell or rent general-purpose high-pressure systems for cleaning and maintenance service (e.g. U.S. market) OIL & GAS Anti-icing and pressure- restoring fluids injections Underwater pumping Emergency valve operation Platform decommissioning HYDRAULICS WATER JETTING
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252026 2Q results presentation ǀ 5-Aug-26 BERMA - BORGHI ASSALI - REGGIANA RIDUTTORI TRANSTECNO Reduction gears INOXIHP Specialised solutions for the steel and mining industries HAMMELMANN High pressure pumps (up to 1.500 HP - 6.000 bar / 87K PSI) Design and supply of turnkey solutions NLB Production and rental of high-pressure pumps and complete systems EUROFLUID - WALVOIL - WHITE Directional control valves, pumps & motors, compact hydraulics, electronics. Motor & steering solutions AMERICAN MOBILE - FARMA - PADOAN Oil tanks, Fuel tank caps A Delivering Group – Brand & Product Diversification INTERPUMP HYDRAULICS - MUNCIE POWER Power take offs WATER JETTING GENERAL PUMP - INTERPUMP - PRATISSOLI High flow/pressure pumps HIGH PRESSURE PUMPS - DEVICES & SYSTEMS FLOW PROCESSING COMPONENTS BERTOLI Homogenizers INOXPA - FLUINOX - PPC - YRP Mixers, components & systems MACFUGE MARIOTTI&PECINI Mixers, agitators and centrifugal separators I.MEC Mechanical screens WAIKATO Milking system PROCESS PARTERS YRP FLOW TECNOLOGY ALFA VALVOLE Dosing pumps ALLTUBE - GS-HYDRO - HYDRALOK - IMM HYDRAULICS TEKNOTUBI - TUBIFLEX Hypress and fluid solutions, rigid pipes & piping system Metallic flexible hoses, Hose assembling machine CONTARINI - HYDRA DYNE - HYDROVEN PANNI - TUTTO HYDRAULICOS Cylinders & rotary manifolds HYDRAULICS
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262026 2Q results presentation ǀ 5-Aug-26 Applications: both divisions have moved from the initial 100% concentration in one sector to a wide range of applications across different industries. Customers: Optimal customer diversification. Largest account represents 1.6% of sales. Products: i) Hydraulics: ongoing enlargement of product range through acquisitions. ii) Water-Jetting: expansion from the historical niche of high-pressure pumps into the wider world of fluid handling. Countries: we sell our products all over the world, through our direct presence or through distributors. Currencies: most goods sold are produced locally or at least in the same currency. Our FX impact is mostly relative to the translation of financial statements. No currency hedging is necessary. Raw materials: stainless steel, aluminium, brass, cast iron, copper, and countless other alloys. Smart, forward-looking buying policy keeps us safe from price volatility. Sales channels: all classes of customers are serviced directly, through a local subsidiary, or through a distributor according to their size and importance: from the world’s largest OEMs to small retail customers. Broad Diversification - Key to Resilience & Lower Cyclicality
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272026 2Q results presentation ǀ 5-Aug-26 Forward Looking Statements & APMs This document contains forward-looking statements, including, without limitation, statements relating to future events, future financial performance, business strategies, expectations, competitive environment, regulation and supply and demand trends. Forward-looking statements are based on the Company’s current expectations, estimates, projections and assumptions as of the date of this document. These forward- looking statements are subject to known and unknown risks and uncertainties, many of which are outside the control of the Company, that may cause actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. Given these uncertainties, readers should not put undue reliance on any forward-looking statements. All forward-looking statements contained in this document speak only as of the date hereof. Except as required by applicable law or regulation, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This document may contain certain alternative performance measures ("APMs") and other non-IFRS financial measures, including, inter alia, EBITDA, EBITDA margin, net financial position, cash flow and capital expenditure. Such measures are not measures of financial performance or liquidity under IFRS, should not be considered as an alternative to, or more meaningful than, the corresponding IFRS measures, and may not be comparable with similarly titled measures presented by other companies. Management uses these measures to monitor the Group’s operating performance and financial position. Investors are invited to refer to the relevant explanations and, where applicable, reconciliations set out in the Company’s financial reports and other corporate disclosures. This document is provided for information purposes only and does not constitute, nor shall it be construed as, an offer to sell, or a solicitation of an offer to buy, any securities of the Company in any jurisdiction. Nothing contained herein constitutes investment, legal, tax, accounting or other advice, nor should it be relied upon in connection with any investment decision. The information contained in this document has not been independently verified and is provided as of the date hereof. While the Company believes that the information contained herein is fair and reasonable, no representation or warranty, express or implied, is made as to the accuracy, completeness or correctness of the information, except to the extent required by applicable law. The Manager in charge of preparing the company’s financial reports declares - pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance - that the accounting information contained in this presentation corresponds to the document results, books and accounting records. Sant’Ilario d’Enza, August 5th, 2026 Mauro Barani