Slides
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Half year results2026H e n r i M o r e l, C E OR a p h a ë l d e P a z z i s, D e p u t y C E OS o p h i e M o r e l, C o r p o r a t e S e c r e t a r yN i c o l a s L o y a u, C h i e f F i n a n c i a l O f f i c e r
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Introducing Sfpi Group for those who are new to us today
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Independant, industrial, european 3 •Sfpi Group was created in France in 1985 byentrepreneurs led bu Henri Morel, whowanted to engage in the recovery anddevelopment of industrial compagnies.•As at June 2026, Sfpi Group generated aturnover of about316 million euros, in thesafety industry.•46 % of these sales were generatedinternationally.•At June 30th 2026, Sfpi Group has3 926employees, 45 % of them outside France.
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4 Henri MorelCEO and founder of the Group Raphaël de PazzisCEO deputy Sophie MorelCorporate Secretary Stéphanie PonceletHR Director Nicolas LoyauCFO Sfpi Group Management
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6 Endorsement markers
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7Jerome DenisCEO Sfpi Access Sophie MorelCEO Sfpi Heat Lionel BaudCEO Sfpi Home Kristian Morberg MadsenCEO Sfpi Air Division Directors
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8 Key financial figures June 2026 SA LE S R E CU R RI NG OP E RA TIN G IN CO MEE BIT DA N ET FINA NC IAL E XC E SSN ET C AS HP OSI TION10,0 M€ 316,1 M€21,0M€78,3 M€120,8 M€
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9 Key extra financial figures June 2026 O T I F( O N T I M E D E L I V E R Y I N F U L L ) 88,0% 5,9 %7,19 % Managerial responsabilityCommercial responsabilityAB S E NT E E I S MS T AFF T URNO VE R RAT E88,0%2025 11,3% 5,2%
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10 A group structured around two branches Locking and access control equipment and systemsSales : 126 M€Sfpi AccessGROUP SALESJUNE 2026 Windows, blinds, awnings, garage doors for residential and non residential buildingsSales : 112 M€Sfpi HomeAir Treatment solutions for the industrySales : 53 M€Sfpi Air Heat exchanger and sterilizationequipment and systemsSales : 25 M€Sfpi Heat 238 M€+2,8 %75 % of sales June 202625 % of sales June 2026C O N S T R U C T O R S E C T O RSecurity and comfort for buildingsI N D U S T R Y S E C T O RAir treatment and energy control78 M€+4,8 %
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Industry Sector
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Sfpi Air - Strong business performance with positive EBITDA 12 H1 2026H1 2025M€ 53,246,6Sales56,3 %56,0 %Gross margin, as % of sales1,3-1,6EBITDA-0,6-3,5Recurring operating income-0,6-3,7Operating income Sales growth 14%, driven by FranceHigh Gross Margin slightly improvingEBITDA improved thanks to sales growth672employees0,5 M€investments
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Sfpi Air - A dynamic half-year with impressive achievements 13 A line of stainless steel tubing for the food industryCalculation tools using AI and CFD simulationsInnovative solutions for waste collection and energy conservationNEU-JKF A comprehensive range : Filters Delta Neu, Neu Automation monitoring equipment, fans Fevi, and ductwork JKF
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Sfpi Heat – A solid profitability 14 H1 2026H1 2025M€ 25,028,0Sales65,0 %60,4 %Gross margin, as % of sales3,43,6EBITDA2,22,5Recurring operating income2,22,3Operating income A 10% decrease in salesA significant improvement in gross margin by+4.6 pointsThanks to effective control of overhead costsoperating profit margin maintained at a highlevel of 9%276employees0,9 M€investments
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Sfpi Heat – A division building its future 15Manager Sfpi HEATCEO Steriflow : Matthieu CillardCEO Barriquand : Elia CorazzaTraining and investment indescalingto improve our tube heatexchangersInvestments totaling 200K€ inCiprianiin gasket molds and thenew packaging machinePurchase of land in Roannetoexpand the industrial site (2,000 m²)
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Construction Sector
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Sfpi Home – Stabilization of Sales 17 H1 2026H1 2025M€ 112,2112,1Sales55,0%56,4 %Gross margin, as % of sales2,31,7EBITDA-1,4-2,6Recurring operating income-1,4-6,9Operating income A market that has stopped declining and nowdriven by sun protectionA -1.4pt decline in gross margin due to thesharp increase in raw material prices during thesecond quarterDespite challenging conditions, EBITDAincreased by +36% thanks to sharp actions toreduce fixed costs1 274 employees1,2 M€investments
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Sfpi Home – A half-year driven by the launch of new products 18 New line of contemporary-style awnings New line of wooden swing shutters made of plywood pineNew Collection of Technical Fabricsfor BlindsNew Online Ordering Tool for PVC Windows and Doors
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19 See you at BATIMAT! Come meet us from September 28th to October 1st.
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Sfpi Access – Growth in Sales and Operating Income 20 H1 2026H1 2025M€ 125,7119,4Sales70,1 %69,9 %Gross margin, as % of sales15,012,7EBITDA11,28,7Recurring operating income11,28,6Operating income The 5% growth is driven by France, Italy, and significant exports outside EuropeGross margin remains stable despite increase of raw material pricesEBITDA increased sharply thanks to cost control in line with business activity1 688employees3,9 M€investmentsA €2.6 million increase in operating income
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Sfpi Access - Investments and Strategic Developments 21 Construction of a new factory in the Netherlands,with a floorarea of 2,200 m², to be completed in June 2027.Total investment amount : 5,5 millions euros Appointment to theInformation Systems DepartmentofSuraj Parmarin charge :cybersecurity, infrastructure modernization, the deployment of artificial intelligence,and ERP migration.DOM 3.0,a new generation of electronic locking systems (cylinders, door handles, cardreaders, and locker locks), featuring enhanced cybersecurity in compliance with Europeanrequirements forthe Cyber Resilience Act (CRA)and forNIS2.
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Financial presentation
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Operating income and net income rose sharply 23 % of salesH2 2026% of salesH1 2025M€ 316,1306,1Sales62,1 %196,262,0 %189,6Gross margin36,9 %(116,5)37,5 %(114,8)Payroll expenses17,5 %(55,4)17,8 %(54,6)Other operating costs(3,3)(3,4)Taxes6,6 %21,05,5 %16,8EBITDA3,5 %(10,9)3,9 %(11,8)Depreciation3,2%10,01,6 %5,0Recurring operating income-(4,7)Non-recurring cost and amortisation3,2%10,00,1 %0,3Operating income0,50,5Financial result(3,2)(0,7)Corporate income tax2,3%7,30,1Consolidated Net Income7,40,1Group share EBITDAincreased by €4.2 millionthanks to effective control of ouroperating expensesRecurring operating income isdoubling Salesgrowth of +3.3%A gross margin maintained despite increase in raw materials prices A positive net income that allows us tolook forwardto the second half of2026with confidence
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A high cash balance (in M€) 24
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A strong balancesheet (in M€) 250 6 / 2 0 2 61 2 / 2 0 2 5Exc. fi. net 91,3Passifs non courants et provisions82,5 Tangible and intangible assets145,6Other nc assets 31,0Working capital101,6Net financial excess78,3 Shareholder’s equity276,5Non-current liabilitiesand provisions80,0 AssetsLiabilitiesAssetsLiabilitiesTangible and intangible assets148,2Other nc assets 30,5Working capital88,5Net financial excess91,3 Shareholder’s equity276,0Non-current liabilitiesand provisions82,5
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Capital structure on septembre 23rd 2026 26 60,55%10,53%4,21%2,28%22,44%Free FloatBNP Paribas Développement Self detentionArc Management / (Morel Family)Crédit Mutuel EquityNumber of shares : 94 352 007ISIN Code : FR0004155000 Listing market : Compartiment Euronext B
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For 2026 27
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28 Our Sales Forecast2 0 2 5 2 0 2 6 625 M€640 M€of salesof sales
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Thanks for your attention 29