Cembre S.p.a. · MIL:CMB
Cembre — H1 2025 Earnings Presentation
32 slides from Cembre's earnings presentation, September 2025
Slide 1: Investor presentation: Results of First Half 2025
Investor presentation Results of First Half 2025
Slide 2: Contents
CONTENTS CEMBRE at a glance Group team Main product lines & applications Results of First Half 2025 Stock data & shareholding structure Contact CEMBRE | Investor relations 2
Slide 3: Cembre at a glance
CEMBRE AT A GLANCE CEMBRE is Europe’s leading manufacturer of electrical crimp type connectors and related installation tools. The Group has grown its revenues by a CAGR of 6.5% in the last 20 years, from 65.1 M€ in 2004 to 229.7 M€ in 2024. In the last 5 years the Group has grown by a CAGR of 9
Slide 4: Mission
MISSION CEMBRE cooperates with the users of its products to search the best technical and economical solutions related to electrical connection applications 2021/02 CEMBRE | Investor relations 4
Slide 5: Group structure
GROUP STRUCTURE CEMBRE S.p.A. Employees: 595 CEMBRE CEMBRE Ltd CEMBRE Sarl CEMBRE BV Electrical CEMBRE CEMBRE Slu CEMBRE Inc UK Francia Connections GmbH Paesi Bassi Spagna USA Shanghai Ltd Germania 100% 100% 100% 100% 100% 100% 100% Employees: 134 Employees: 41 Employees: 2 Employees: 5 Employees: 5
Slide 6: Human resources
HUMAN RESOURCES (Number of employees by segment, at June 30, 2025) R&D CEMBRE has extensive know- •30 how in its operating field and its strong R&D team allows it to respond quickly to market Manufacturing & logistics demands. •530 Sharp focus on customer needs and the efficient international Sales
Slide 7: Main product lines
MAIN PRODUCT LINES CEMBRE is Europe’s leading manufacturer of electrical crimp type connectors and related installation tools Cable glands, Electrical Railway Identification accessories & connectors Tools products systems other 2025/06 CEMBRE | Investor relations 7
Slide 8: Applications: industry & automation, power distribution
APPLICATIONS INDUSTRY & AUTOMATION Connectors Tools Labelling POWER DISTRIBUTION 2021/02 Cable glands 8
Slide 9: Applications: Railway
APPLICATIONS: RAILWAY Rail drilling machine Sleeper drilling machine 9
Slide 10: Numbers
NUMBERS 4.8 Millions electrical 18,162 different connectors sold by 21,893 different products sold in one CEMBRE Group on products ready for year* average each working immediate delivery* day* *12/2024 CEMBRE | Investor relations 10
Slide 11: Made in Brescia
MADE IN BRESCIA CEMBRE has been established in 1969 and manufactures its products in its state-of-art production facility located in Brescia. The facility covers an area of 60,000 m2 on a total land area of 121,000 m2. CEMBRE S.p.A. – Headquarter in Brescia (Italy) 2025/06 CEMBRE | Investor rela
Slide 12: ... and made in UK
… AND MADE IN UK In addition, CEMBRE has a production facility in the UK which operates on a 16,300 m2 land. This plant in Birmingham manufactures mainly for the local market. The sales generated in the UK are 13,6% of the consolidated turnover of the first half of 2025. CEMBRE Ltd. – Factory
Slide 13: Very strong in Europe
VERY STRONG IN EUROPE CEMBRE is present all over the Italian territory through a network of salesmen and representatives who are able to offer fast and constant technical Birmingham Eindhoven assistance. München Abroad, it operates through Paris 5 subsidiaries in Europe (UK, Brescia France, Spai
Slide 14: ... present all over the world
… PRESENT ALL OVER THE WORD CEMBRE has a network of importers and agents who provide technical and commercial assistance and rapid delivery worldwide Edison Shanghai Group companies Main importers 2025/06 CEMBRE | Investor relations 14
Slide 15: Revenues breakdown
REVENUES BREAKDOWN before commercial rebates by product family (€’000) 1st Half 2025 1st Half 2024 Electrical Tools Railway Marking Cable Others Electrical Tools Railway Marking Cable Others connectors Products Systems Glands connectors Products Systems Glands Electr. Railway Marking Cable Tools Oth
Slide 16: Geographical revenues breakdown
GEOGRAPHICAL REVENUES BREAKDOWN Italy 1st Half 2025 1st Half 2024 Change % Sales 53.0 mln 54.7 mln (3.2%) % on total 42.6% 45.8% Europe 1st Half 2025 1st Half 2024 Change % (Italy excluded) Sales 59.3 Mln 53.5 Mln 10.8% % on total 47.7% 44.8% Rest of the World 1st Half 2025 1st Half 2024 Change % Sa
Slide 17: Consolidated results of the first half of 2025
CONSOLIDATED RESULTS OF THE FIRST HALF OF 2025 € Millions 1ST Half 2025 1st Half 2024 Change % 1st Half 2023 Sales 124.3 119.5 4.0% 117.6 EBITDA 38.5 34.9 38.6 10.4% % of sales 31.0% 29.2% 32.9% EBIT 31.5 28.4 32.4 11.3% % of sales 25.4% 23.7% 27.6% EBT 31.3 28.6 32.5 9.5% % of sales 25.1% 23.9% 27.
Slide 18: Group's companies turnover first half 2025
GROUP’S COMPANIES TURNOVER* OF THE FIRST HALF OF 2025 Company 1st Half 1st Half 1st Half Change % (Euro thousands) 2025 2024 2023 CEMBRE S.p.A. (Italy) 63,795 66,716 (4.4%) 64.251 CEMBRE Ltd, (UK) 16,904 14,171 19.3% 13.412 CEMBRE S.a.r.l. (France) 8,450 8,040 5.1% 7.475 CEMBRE S.L.U. (Spain) 12,859
Slide 19: June 30, 2025 consolidated balance sheet
JUNE 30, 2025 CONSOLIDATED BALANCE SHEET Jun. 30, Jun. 30, Jun. 30, € Millions 2025 2024 2023 Net operating working capital 103.2 90.4 90.5 a % of sales 44.9% 40.5% 42.0% b Net fixed assets 131.6 114.5 106.2 c Assets available for sales - - - d Employees’ severance indemnities 1.6 1.7 1.7 e Provisio
Slide 20: Revenues evolution
REVENUES EVOLUTION 240 229,7 € Millions Global COVID 222,6 Economic Crisis 210 198,8 180 166,8 150 144,1 146,3 137,1 132,6 121,4 122,6 120 112,9 103,0 103,9 104,5 93,4 94,3 93,9 90 84,1 76,0 70,0 65,1 60 30 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2
Slide 21: Revenues and profitability trend: EBITDA
CEMBRE’S REVENUES AND PROFITABILITY TREND (€ ‘000) Ebitda (valore e margine % sulle vendite) 80.000 110,0% 66.569 66.177 75.000 100,0% 70.000 65.000 90,0% 54.593 60.000 80,0% 55.000 45.597 50.000 70,0% 37.098 36.297 45.000 35.650 60,0% 33.434 40.000 30.025 28.537 35.000 50,0% 24.352 21.710 30.000 20
Slide 22: Revenues and profitability trend: EBIT
CEMBRE’S REVENUES AND PROFITABILITY TREND (€ ‘000) Ebit (valore e margine % sulle vendite) 100,0% 60.000 53.964 52.804 90,0% 55.000 50.000 80,0% 42.572 45.000 70,0% 34.188 40.000 60,0% 35.000 28.496 50,0% 27.036 27.181 25.200 24.095 30.000 22.836 40,0% 25.000 19.433 18.420 17.379 17.291 15.838 16.45
Slide 23: Revenues and profitability trend: Net result
CEMBRE’S REVENUES AND PROFITABILITY TREND (€ ‘000) Net Result (value and margin % on sales) 45.000 70,0% 42.590 40.828 40.000 60,0% 35.000 31.918 50,0% 30.000 25.321 40,0% 25.000 22.736 22.727 21.690 20.000 18.975 30,0% 16.927 15.933 15.000 13.542 11.896 11.340 11.40011.507 20,0% 10.857 10.503 9.327
Slide 24: Index analysis
INDEX ANALYSIS ROI (EBIT/Investments) ROACE (EBIT/Average Net Capital Employed) 24,00% 32,00% 29,45% 29,90% 22,00% 29,05% 21,65% 28,00% 20,00% 25,90% 18,85% 17,64% 19,47% 24,34% 23,13% 26,06% 17,80% 24,00% 22,24% 18,00% 21,49% 16,60% 23,39% 21,23% 21,25% 22,01% 15,56% 15,85% 16,00% 14,72% 20,00% 18,
Slide 25: Investments trend
INVESTMENTS TREND 35.000 2024: construction in progress of two new industrial buildings of 30.000 15,000 m² for 18,6 mln/€ in 2024 25.000 2018: construction of new industrial building of 9,600m² 2011: purchase of industrial for 5.9mln/€ 20.000 complex close to headquarters for 9.4mln/€ 2012: creatio
Slide 26: 2025 and onwards
2025 AND ONWARDS CEMBRE focused on these targets: Business development thanks to: A strengthening of CEMBRE competitive advantage by developing new products and continuous product range renewing by an intense R&D activity Improvement of the distributor channel in foreign countries An higher
Slide 27: 2025 and onwards: automated warehouse
2025 AND ONWARDS The automated warehouse, located in a 4,800 m2 industrial building built in 2012, has been operating from January, 2013. 2021/02 CEMBRE | Investor relations 27
Slide 28: 2025 and onwards: future facilities for electrical connectors
2025 AND ONWARDS Future facilities for the production of electrical connectors In January 2023, the project to expand the production capacity of "Electrical Connectors" at the Cembre SpA headquarters was approved for a maximum investment of €42 million, which provides for non-repayable contributions
Slide 29: 2025 e oltre: new industrial buildings
2025 E OLTRE In 2023, work began on the construction of two new industrial buildings for a total of 15,000 m2. Image dated September 17, 2025 2025/06 CEMBRE | Investor relations 29
Slide 30: Stock data & shareholding structure
STOCK DATA & SHAREHOLDING STRUCTURE Cembre FTSE Italia Star data updated at September 3, 2025 Cembre has been listed since December 1997, and is a part of the Star Index since September 2001. Shareholders Share LYSNE Spa 51.57% Sara Rosani 8.65% Giovanni Rosani 8.53% Anna Maria Onofri 0.70% Others 3
Slide 31: Share price evolution
SHARE PRICE EVOLUTION 68 Share Price Share Return 64 60 56 Total return* 2005-2025 52 48 +14.5% 44 CAGR 40 36 32 Performance** 2005-2025 28 +13.8% 24 20 CAGR 16 12 * Total Return is the average ‘Share return’ growth in the period 8 ** Performance is the average ‘Share price’ growth 4 in the period 0
Slide 32: Contacts
CONTACTS Claudio Bornati CFO & IR The manager responsible for preparing the Company’s financial reports, Via Serenissima 9 • 25135 Brescia (BS) ITALY Claudio Bornati, declares, pursuant to paragraph 2 of Article 154 bis of ph. +39 030 36921 the Consolidated Law on Finance, that the accounting inform