RAK Ceramics PJSC · ADX:RAKCEC
RAK Ceramics PJSC — Q3 2026 Earnings Presentation
28 slides from RAK Ceramics PJSC's earnings presentation, November 2026
Slide 1: Earnings Presentation – Q3 & 9M 2026 Results
EARNINGS PRESENTATION – Q3 & 9M 2026 RESULTS NOVEMBER 2026 RAK Ceramics PJSC © 2026 All rights reserved
Slide 2: Agenda
Agenda 01 | Executive Summary 02 | Business Highlights 03 | Q3 & 9M 2026 Financial Results Update 04 | Trading Update 05 | Closing Remarks 06 | Appendix RAK Ceramics PJSC © 2026 All rights reserved
Slide 3: Speakers
EARNINGS PRESENTATION Q3 &9M 2026 Speakers Abdallah Massaad is Group CEO of RAK Manoj Aheeray is Group Chief Strategy Ceramics and has more than 28 years Officer of RAK Ceramics and has nearly experience in ceramics manufacturing, 30 years of international experience sales management, product market
Slide 4: Disclaimer
EARNINGS PRESENTATION Q3 &9M 2026 Disclaimer This information contained in the enclosed presentation summarizes preliminary assessed. No assurance can be given that future events will occur or that the and introductory information on RAK Ceramics PJSC (the Company). This company’s assumptions are co
Slide 5: Business Highlights
Business Highlights Speaker: Abdallah Massaad Group CEO RAK Ceramics PJSC © 2026 All rights reserved
Slide 6: Q3 2026 Executive Summary
Q3 2026 Executive Summary Revenue and earnings grew despite regional disruption UAE, Middle East & India supported revenue growth and gross margin resilience, while exports faced supply chain challenges Revenue (AED m) UAE, Middle East & India anchored growth Gross margin GP margin resilience 861.5
Slide 7: Global Business Presence
EARNINGS PRESENTATION Q3 &9M 2026 Global Business Presence Where we sell What we sell (Revenue Mix) Europe Rest of World 20% 6% Middle East 6% Tiles Faucets 59% 15% KSA BANGLADESH Sanitaryware Tableware Others 7% 7% India 10% 14% 9% 3% UAE 44% Capacity 118MN 5MN 36MN 2.6MN Square metres of tiles Pie
Slide 8: Regional Conflict Update – Q3 Business Impact
REGIONAL CONFLICT UPDATE – Q3 BUSINESS IMPACT UAE, Middle East and India revenue growth sustain Q3 resilience Strait of Hormuz disruption continues to affect exports outside GCC (20–25% of Group revenue from UAE plants) and inbound raw materials. Q3 GROUP IMPACT MANAGEMENT ACTIONS Q4 OUTLOOK UAE pro
Slide 9: Q3 2026 Segment Performance
EARNINGS PRESENTATION Q3 &9M 2026 Q3 2026 Segment Performance Tiles revenue growth support the Group’s resilience Tiles Sanitaryware Tableware Faucets Q3 revenue (AED mn) Q3 revenue (AED mn) Q3 revenue (AED mn) Q3 revenue (AED mn) 519.9 114.8 75.5 114.5 8.4% YoY 7.3% YoY 11.0% YoY 3.2% YoY Projects
Slide 10: Q3 2026 Market Performance
EARNINGS PRESENTATION Q3 &9M 2026 Q3 2026 Market Performance UAE, Middle East and India’s revenue growth partly offsets weaker export markets Tiles & sanitaryware revenue UAE Middle East* KSA Europe India Bangladesh Q3 revenue (AED mn) Q3 revenue (AED mn) Q3 revenue (AED mn) Q3 revenue (AED mn) Q3 r
Slide 11: Key Strategic Updates – Q3 2026
EARNINGS PRESENTATION Q3 &9M 2026 Key Strategic Updates – Q3 2026 Investment and operating initiatives support long-term competitiveness MARKET EXECUTION PRIORITIES FOCUS / MILESTONE Product and manufacturing upgrades UAE Advancing product and manufacturing upgrades to improve quality, cost efficien
Slide 12: Q3 & 9M 2026 Financial Performance Update
Q3 & 9M 2026 Financial Performance Update Speaker: Manoj Aheeray Group CSO RAK Ceramics PJSC © 2026 All rights reserved
Slide 13: Financial Snapshot – Q3 2026
EARNINGS PRESENTATION Q3 &9M 2026 Financial Snapshot – Q3 2026 Revenue Gross margin Profit before tax Net profit after tax AED 861.5M 40.3% AED 98.3M AED 78.0M 4.4% YoY 14 bps YoY 13.4% YoY 15.5% YoY Net profit after minority EBITDA Net debt Net debt to EBITDA AED 77.3M AED 175.7M AED 1.59BN 2.56x 1
Slide 14: Financial Snapshot – 9M 2026
EARNINGS PRESENTATION Q3 &9M 2026 Financial Snapshot – 9M 2026 Revenue Gross margin Profit before tax Net profit after tax AED 2.45BN 40.3% AED 237.0M AED 184.5M 0.7% YoY Flat YoY 0.4% YoY 1.0% YoY Net profit after minority EBITDA Net debt Net debt to EBITDA AED 179.5M AED 460.5M AED 1.59BN 2.56x 0.
Slide 15: Revenue Highlights – Q3 2026
EARNINGS PRESENTATION Q3 &9M 2026 Revenue Highlights – Q3 2026 Q3 2025 REVENUE Q2 2026 REVENUE Q3 2026 REVENUE AED 824.9m AED 822.8m AED 861.5m +4.4% YoY +4.7% QoQ Year-on-year Quarter-on-quarter Tiles & sanitaryware | Revenue, AED m; growth, % Tiles & sanitaryware | QoQ growth, % Q3 2025 Q3 2026 Yo
Slide 16: Revenue Highlights – 9M 2026
EARNINGS PRESENTATION Q3 &9M 2026 Revenue Highlights – 9M 2026 9M 2025 REVENUE 9M 2026 REVENUE AED 2,428.2m → AED 2,445.1m (+0.7% YoY) Market performance Segment performance Tiles & sanitaryware | Revenue, AED m; growth, % 9M 2026 revenue, AED m | YoY growth 9M 2025 9M 2026 YoY change (%) Tiles & sa
Slide 17: Gross Profit Margin
EARNINGS PRESENTATION Q3 &9M 2026 Gross Profit Margin Q3 2025 Q2 2026 Q3 2026 9M 2025 9M 2026 Group gross margin 40.5% 41.0% 40.3% 40.3% 40.3% Higher material and Indian energy costs weighed on Q3; the nine-month margin was broadly unchanged. Tiles Sanitaryware Quarterly margin (%) Nine-month margin
Slide 18: Profitability Bridge
EARNINGS PRESENTATION Q3 &9M 2026 Profitability Bridge Q3 2025 vs Q3 2026 (AED mn) 13.6 5.2 9.7 3.1 Q3 earnings growth 3.4 20.3 PBT +13.4% YoY 86.6 98.3 The Group delivered earnings 78.0 growth despite logistics and operating cost pressures, demonstrating resilience in a Q3 2025 Gross Admin & Financ
Slide 19: Balance Sheet Highlights
EARNINGS PRESENTATION Q3 &9M 2026 Balance Sheet Highlights Working capital Net debt and leverage Net working capital Working capital days Net debt Net debt / EBITDA AED 1,450m 187 days AED 1,587.2m 2.56x Increased AED 25m QoQ Increased 4 days QoQ Increased AED 72m QoQ 0.08x higher QoQ Increased AED
Slide 20: Share Price Update
EARNINGS PRESENTATION Q3 &9M 2026 Share Price Update Speaker: Manoj Aheeray Group CSO RAK Ceramics PJSC © 2026 All rights reserved 20
Slide 21: RAK Ceramics Share Price and Valuation
EARNINGS PRESENTATION Q3 &9M 2026 RAK Ceramics Share price and Valuation Share price | 31 Oct 2026 Market capitalisation | 31 Oct 2026 Enterprise value | 31 Oct 2026 AED 2.28 AED 2,266m AED 3,927m AED 2.49 at 31 Dec 2025 AED 2,475m at 31 Dec 2025 AED 4,054m at 31 Dec 2025 Share-price performance LTM
Slide 22: Closing Remarks
EARNINGS PRESENTATION Q3 &9M 2026 Closing Remarks Speaker: Abdallah Massaad Group CEO RAK Ceramics PJSC © 2026 All rights reserved 22
Slide 23: 2026 Priorities
EARNINGS PRESENTATION Q3 &9M 2026 2026 Priorities Market share & KLUDI Risk management & Retail & brand discipline transformation turnarounds expansion Capture UAE and GCC market Build KLUDI’s global premium Improve operational efficiency Open and refurbish showrooms share as imports remain faucet p
Slide 24: Q&A
EARNINGS PRESENTATION Q3 &9M 2026 Q&A Q&A RAK Ceramics PJSC © 2026 All rights reserved 24
Slide 25: Appendix
EARNINGS PRESENTATION Q3 &9M 2026 APPENDIX RAK Ceramics PJSC © 2026 All rights reserved 25
Slide 26: Financial Highlights
EARNINGS PRESENTATION Q3 &9M 2026 Financial Highlights RAK Ceramics PJSC © 2026 All rights reserved 26
Slide 27: EBITDA Working
EARNINGS PRESENTATION Q3 &9M 2026 EBITDA Working RAK Ceramics PJSC © 2026 All rights reserved 27
Slide 28: Thank You
Thank You CONTACT US If you have any questions or require further information, please visit corporate.rakceramics.com or contact investor relations team at [email protected] RAK Ceramics PJSC © 2026 All rights reserved