Synthomer Plc · LSE:SYNT
Synthomer — H1 2026 Earnings Presentation
26 slides from Synthomer's earnings presentation, Aug 4, 2026
Slide 1: Strong H1 trading supported by strategic progress
Strong H1 trading supported by strategic progress Synthomer plc | 2026 interim results Tuesday 4 August 2026 Synthomer plc 2026 interim results 1
Slide 2: Important notice
Important notice This presentation is being provided to you in good faith and solely contained therein have been obtained from sources believed to profit forecast or estimate for any period. Recipients of these for your information purposes, speaking as of the date hereof, be reliable, but that ther
Slide 3: Agenda
AGENDA 01 Overview – Michael Willome 02 Financial review – Iain Torrens 03 Strategic progress – Michael Willome 04 Outlook and summary – Michael Willome 05 Q&A Synthomer plc 2026 interim results 3
Slide 4: Strong H1 trading supported by strategic progress
Strong H1 trading supported by strategic progress H1 2026 results ahead of • +5% revenue (+2% vol, +3% price), +13% EBITDA, +36% EBIT growth on Continuing Group basis expectations • 10.1% EBITDA margin (+80bps) • Revenue growth in all divisions: led by product initiatives – intumescent coatings for
Slide 5: Agenda
AGENDA 01 Overview – Michael Willome 02 Financial review – Iain Torrens 03 Strategic progress – Michael Willome 04 Outlook and summary – Michael Willome 05 Q&A Synthomer plc 2026 interim results 5
Slide 6: H1 26 group financial summary
H1 26 group financial summary Ahead of expectations mainly driven by strategy delivery, with all divisions contributing • Continuing revenue +5.1% in CC 1 to £954m Underlying Continuing business2 – Group volume +2.3% led by strategic focus on new products and markets H1 % H1 % – Robust pass-through
Slide 7: Coatings & Construction Solutions (CCS)
Coatings & Construction Solutions (CCS) Shifting mix towards higher-margin products including through innovation • H1 26 divisional trading Underlying – Volume +2.5%, led by industrial coatings and energy solutions H1 % H1 % £m H1 26 H1 25 change change CC1 – Revenue +5.8% in CC 1 reflecting volume,
Slide 8: Adhesive Solutions (AS)
Adhesive Solutions (AS) New sustainability-focused products and China growth, moderated by reliability setbacks • H1 26 divisional trading Underlying – Volume +0.9% despite subdued market demand and temporary H1 % H1 % reliability issues in certain sites, with Q2 base chemical demand £m H1 26 H1 25
Slide 9: Health & Protection and Performance Materials (HPPM)
Health & Protection and Performance Materials (HPPM) Continued focus on long-term delivery, temporarily enhanced by higher H&P volumes in Q2 • H1 26 continuing divisional trading Underlying Continuing business2 – Revenue +7.2% in CC 1, reflecting +2.8% volume, mix and pass- H1 % H1 % through of high
Slide 10: Balance sheet and liquidity
Balance sheet and liquidity Focused on derisking and deleveraging the balance sheet • Core debt facilities Net debt2 (£m) – RCF and UKEF facilities refinanced in April – now mature February 2029 Dec Jun Dec Jun – Security and guarantee package provided by certain group companies Maturity 2024 2025 2
Slide 11: Cash flow
Cash flow FY 26 cash flow outlook increased; leverage of 4.0-4.35x expected by year end Free cash flow and net debt • Self-help/cost savings continue to support EBITDA £m H1 26 H1 25 FY 25 – Underlying self help and strategy progress set to continue into H2 Opening net debt (575.0) (597.0) (597.0) T
Slide 12: Agenda
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 Synthomer plc 2026 interim results 12
Slide 13: Synthomer's focus, strengthen, grow strategy
Synthomer’s focus, strengthen, grow strategy Becoming a more focused, more resilient, higher quality business Synthomer is a speciality solutions platform for Coatings & Construction, Adhesives and Health & Protection market segments 01 02 03 04 05 Organic growth in Rigorous and Operational and Diff
Slide 14: Strategic direction
Strategic direction Increasing our specialisation, global position and efficiency Pre-new strategy Synthomer H1 26 Future Synthomer Portfolio Increasing % revenue base Speciality Base Speciality Base Speciality Base speciality vs. speciality weighting ~50% ~50% ~55% ~45% ~70% ~30% Geography More bal
Slide 15: Coatings & Construction Solutions
Coatings & Construction Solutions Delivering as a true speciality platform Our strategic opportunity • Increasing range of profitable growth opportunities – Strengthening presence in high growth sub-segments – e.g. intumescent coatings (vol doubled Leading positions with solutions to enhance energy
Slide 16: Adhesive Solutions
Adhesive Solutions Having successfully turned around the operating performance, growth increasingly in focus Our strategic opportunity • Growth and new business generation – Increasingly leveraging global production network and multi -year relationships with blue-chip Leading positions in EMEA and t
Slide 17: Health & Protection and Performance Materials
Health & Protection and Performance Materials Strong H&P performance in Q2 highlights operating leverage of base chemicals products Our strategic opportunity • H&P performance strongly correlated with competitor dynamics in period – Underlying glove demand growth remains robust; pricing and margins
Slide 18: Agenda
AGENDA 01 Overview – Michael Willome 02 Financial review – Iain Torrens 03 Strategic progress – Michael Willome 04 Outlook and summary – Michael Willome 05 Q&A Synthomer plc 2026 interim results 18
Slide 19: Current trading and outlook
Current trading and outlook Full year 2026 outlook upgraded to slightly ahead of market expectations 1 • 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 –
Slide 20: Summary
Summary Further strategic progress delivering sustainable trading momentum Substantial earnings growth ambitions in medium term: • Continuing to deliver strategic transformation towards speciality – Further self-help actions now more than ever it is the right strategy + • Encouraging new product and
Slide 21: Agenda
AGENDA 01 Overview – Michael Willome 02 Financial review – Iain Torrens 03 Strategic progress – Michael Willome 04 Outlook and summary – Michael Willome 05 Q&A Synthomer plc 2026 interim results 21
Slide 22: Appendices
APPENDICES 01 Special items 02 Foreign exchange and pensions 03 Operational excellence 04 Driving innovation and sustainability Synthomer plc 2026 interim results 22
Slide 23: H1 26 special items
Appendix 1 H1 26 special items Continuing operations £m H1 26 H1 25 FY 25 • Amortisation of acquired intangibles reflects the amortisation on the customer lists, patents, trademarks and trade secrets that arose on historic acquisitions Amortisation of acquired intangibles (22.0) (22.3) (44.4) • Rest
Slide 24: Foreign exchange and pensions
Appendix 2 Foreign exchange and pensions FX translation exposure – EBITDA impact Pensions H1 26 translation • Net retirement obligation decreased by £3.5m to £36.1m at 30 June 2026, Currency Movement sensitivity primarily driven by £2.3m of cash contributions and actuarial gains of £7.7m partially o
Slide 25: Operational excellence
Appendix 3 Operational excellence Continuous improvement in how we run our business is a key pillar of the strategy SHE excellence Procurement Synthomer Excellence (SynEx) SynEx community • Centrally-managed ‘business excellence’ function launched in Oct 2022 • 3 Master black belts / 12 black belts
Slide 26: Driving innovation and sustainability
Appendix 4 Driving innovation and sustainability Further progress in key initiatives underpinning future growth Our sustainability approach is commercially-led and aligned to innovation agenda… • ISCC+ certified sites increased by 3 to 11 – mass balance-based product offerings for customers using bi