Fluidra S A : Results Presentation Q1 2021

Q1 RESULTS 2021

May 6th 2021

Disclaimer

• This document is for information purposes only and does not constitute an offer to sell, exchange or buy, or an invitation to make offers to buy, securities issued by any of the companies mentioned. This financial information has been prepared in accordance with international financial reporting standards (IFRS). However, as it has not been audited, the information is not definitive and may be modified in the future.
• The assumptions, information and forecasts contained herein do not guarantee future results and are exposed to risks and uncertainties; actual results may differ significantly from those used in the assumptions and forecasts for various reasons.
  The information contained in this document may contain statements regarding future intentions, expectations or projections. All statements, other than those based on historical facts, are forward-looking statements, including, without limitation, those regarding our financial position, business strategy, management plans and objectives for future operations. Such forward-looking statements are affected, as such, by risks and uncertainties, which could mean that what actually happens does not correspond to them.
  These risks include, amongst others, seasonal fluctuations that may change demand, industry competition, economic and legal conditions, restrictions on free trade and/or political instability in the markets where the Fluidra group operates or in those countries where the group's products are manufactured or distributed, and those that may arise from potential COVID-19-related contingencies. The Fluidra group makes no commitment to issue updates or revisions concerning the forward-looking statements included in this financial information or concerning the expectations, events, conditions or circumstances on which these forward-looking statements are based.
  In any event, the Fluidra group provides information on these and other factors that may affect the company's forward-looking statements, business and financial results in documents filed with the Spanish national securities market commission. We invite all interested persons or entities to consult these documents.
• CMP's acquisition was announced on March 10th 2021 and this results presentation includes CMP's contribution from March 11th. As per IFRS-3 the Purchase Price Allocation of CMP acquisition is provisional.
• In order to give a better understanding of the results, we comment on adjusted financial statements and provide a reconciliation to reported measures in the appendix.

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Today's Speakers

Eloi Planes	Bruce Brooks	Xavier Tintoré
Executive Chairman	CEO	CFO

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Key Messages

1. Record Q1 results, driven by exceptionally strong demand in Residential Pool.
2. Strong accretive M&A activity & greater dividend payment announced.
3. Sharp focus on ESG. During our 5th Capital Markets Day we presented our new comprehensive ESG "Responsibility Blueprint" plan for 2020-2026, featuring the most efficient pool system in the planet.
4. Fundamentals of the business remain robust, very strong 2021 Residential Pool season expected in the Northern Hemisphere and promising long-term perspectives.
5. Continued strong execution, we will fulfill the 2022 Strategic Plan targets one year ahead of schedule.
6. Quarterly comparisons are unusual due to COVID-19 impacts.
7. We are raising our 2021 guidance.

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YTD Financial Highlights

Extraordinary Growth and Operating Leverage Compared to a Positive Q1 2020

€M	2020	2021	Evol.	Const. FX &	•	Superb Salesgrowth in Q1 on the
21/20	Perimeter		back of strong continued demand
						in Residential Pool and some pull
Sales	315.8	508.4	61.0%	59.8%		forward in preparation for the
						season.
EBITDA	51.4	134.8	162.0%	172.7%	•	EBITDAand EBITAshowed
						outstanding operating leverage.
EBITA	35.9	119.5	232.7%	255.9%	•	Cash EPSincreased very
						substantially as did Net Profit.
Cash EPS	0.09	0.42	359.9%	412.3%	•	Great evolution of Operating Net
						Working Capital,improving ratio
						to Sales by 600 bps.
					•	Leverage ratio reduced to 2.4x
						despite Net Debtincrease due to
Operating Net Working Capital	448.2	448.9	0.2%	(6.5%)		strong M&A activity.
					•	Already surpassed our €40M
Net Debt	924.6	977.1	5.7%	7.1%		target in Cost Synergiesfor the
	year.

Note: EBITDA and EBITA are adjusted to include Run Rate Synergies and exclude Non-Recurring Expense. For more details please refer to page 17. For more details on Cash EPS please refer to page 18.

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