Georg Fischer : Investors Presentation June 2024

2024

Investor Presentation

© GF v3.0

GF Corporation

Pioneering industrial technology

						GF Building Flow
GF Corporate		GF Piping Systems		GF Casting Solutions	GF Machining Solutions
		Solutions

1802	1864	1897	1921	2023
GF founded	First piping	First automotive	First	A fourth division
in Schaffhausen	systems product	part	machinery

Johann Conrad Fischer	Malleable iron fitting	As of 1900 GF develops
		wheels made of cast steel
		for trucks and cars

GF acquires the Machine	GF acquires the Finnish
Factory Rauschenbach for	company Uponor
agricultural machinery

3 2024 | Investor presentation

© GF v3.0

5.1 bn CHF

2023 Sales pro-forma1

5.6 bn CHF

105	Market capitalization
Production sites
187	19'824
Companies	Employees Worldwide

1 Uponor included pro-forma for the full-year, GF stand-alone ("comparable")

GF Corporation

GF Piping Systems

GF Building Flow Solutions

GF Machining Solutions

GF Casting Solutions

4 2024 | Investor presentation

© GF v3.0

GF Corporation

Two thirds of Sales in Water & Flow Solutions and majority of sales outside of Europe

Sales per business* (in CHF million)

GF Machining

Solutions

18%

5.1

18% billion

GF Casting

Solutions

24%

Sales per region* (in %)

Water & Flow Solutions			Rest of World
				4%
	GF Piping	Asia			Europe
	23%
41%		5.1
Systems		48%
	Industry & Utility

billion

25%

GF Building Flow Solutions	Americas
Building Technology	*2023 sales pro-forma

5 2024 | Investor presentation

© GF v3.0

GF Corporation

Becoming the leader in Water and Flow Solutions; Uponor acquisition major milestone

2023 peers overall and piping sales in EUR billion - pro-forma

5.1

36%

64%

4.1

100%

46%

3.3

46%

3.2

67%

2.5

1.9

Legend:

1.3

1.0

Overall sales

54%

54%

33%

100%

100%

100%

50% Other businesses

50%

Piping share

Source: Company information & filings; Geberit Piping: Piping Systems division; Aalberts Piping: Building Technology division; Wavin is Orbia's Building & Infrastructure division

6 2024 | Investor presentation

© GF v3.0

GF Corporation

Global reach with local excellence

Present in 45 countries with 19'824 employees

105 production sites

146 sales sites

19 R&D centers

Americas	Europe
13	47	Asia Pacific
79
11	45
14
3	54
		2

R&D centers: May include multiple sites from the same area

7	2024 | Investor presentation	GF v3.0
©

GF Corporation

Key financial figures - Three years view

Sales

CHF million

3,722	3,998	4,026
2021	2022	2023

Organic growth

%

15.9	13.5
		3.7
2021	2022	2023

EBITDA-Margin

before one-offs in CHF million

	12.7	12.7*
11.1
2021	2022	2023

Employees

FTE

15,111	15,207	19,824
2021	2022	2023

*comparable (without PPA effects on inventory and items affecting comparability out of the Uponor acquisition)

ROIC
%
	23.4	23.8*
16.4
2021	2022	2023

*excl. Uponor

FCF bef. Acq.

CHF million

151	146	134
2021	2022	2023

Net debt / EBITDA

(multiple)

		2.96
0.11	-0.31
2021	2022	2023

Earnings per share

CHF

	3.37	2.87
2.62
2021	2022	2023

9 2024 | Investor presentation

© GF v3.0

as % of total sales

GF Corporation

Leading the way in corporate sustainability …

Sales with social or environmental benefits1

80
70	68%	70%
63%
60
50
40
30
20
10
0
2022	2023	Target 2025

1 excluding GF Building Flow Solutions

10 2024 | Investor presentation

CO e emissions2
	2
Scope 1 and 2, in 1'000 tons
350	330
300		273
250			236		231
				214
200
150
100
50
0
	Baseline	2021	2022	2023	Target 2026

2 excluding GF Building Flow Solutions and GF Corys

31%

newly appointed managers are women2

(Target 2025: 25%)

Accident rate (LTIFR)
per million hours worked
12		10.2
10	9.4
	7.9
			7.4
8				6.6
6
4
2
0
	Baseline	2021	2022	2023	Target 2026

© GF v3.0

GF Corporation

… as acknowledged with external awards and ratings

Rating agency		Rating	Sustainability achievements across divisions and regions

A

(transparency and performance on climate change)

Gold

for GF Piping Systems, GF Building Flow Solutions, GF Casting Solutions; Silver for GF Machining Solutions

Ranking 121 out of 588

AA

Successfully validated

Targets for greenhouse gas reduction

B- prime status

Source: Company information, Sustainalytics, CDP, ISS and Ecovadis

11 2024 | Investor presentation

© GF v3.0