Wienerberger (WIE) Investor presentation summary

Portfolio and strategic transformation

• 2025 revenue €4.6bn and operating EBITDA margin 16.5%; footprint of >200 production sites, >20,000 employees and ~30 countries.

• 2025 revenue mix: Facade & Wall 42%, Pipes 29%, Roof 27%, Surface 2%; regional mix: Europe West 59%, East 26%, North America 15%.

• Revenue mix shifted from 65% new build, 20% infrastructure and 15% renovation in 2012 to 19%, 38% and 43%, respectively, in 2025; >50% of revenue from acquired businesses.

• Innovation accounted for >34% of revenue in 2025, with a >35% target for 2026; strategy combines organic growth, operational excellence and M&A.

• Italcer and NEWS Group acquisitions completed in April 2026, expanding ceramic surfaces and sustainable wastewater solutions, respectively.

H1 2026 performance and markets

• H1 revenue €2,434m, up 4% YoY; operating EBITDA €326m, down 15% YoY; reported EBITDA €256m included €70m of one-offs.

• Q2 revenue rose 13% YoY to €1.4bn, including 7% organic growth and 6% from acquisitions; operating EBITDA was €230m, with a ~€30m residential-market headwind.

• Infrastructure and renovation markets remained resilient; residential new-build weakness in the US, Canada and UK was substantially below expectations.

• H1 volume effects: Group new residential +1%, renovation +4%, infrastructure +4%; total price effect +2%.

• H1 inflation was 4% overall, rising from 2% in Q1 to 7% in Q2 amid resin shortages and commodity-market disruption.

2026 outlook and balance sheet

• 2026 operating EBITDA guidance €700m; weaker residential markets represent an ~€100m EBITDA headwind.

• European pricing measures of ~4.5% by end-June are reflected in earnings; Fit for Growth measures are expected to contribute ~€25m in 2026.

• Year-end 2026 net debt/operating EBITDA guidance is 2.8x; working-capital management targets a €50m net organic reduction.

• Proactive balance-sheet plan includes ~€400m cash outflow and consolidation of M&A, plus ~€180m for acquisition of outstanding minorities; mid-term leverage target is 2.0x.