Georg Fischer : Investors Presentation March 2024

March 2024

Investor Presentation

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to buy securities of Georg Fischer AG or of any other company and it does not constitute a prospectus or similar notice within the meaning of articles 35 et seqq. or 69 of the Swiss Financial Services Act. Copies of this publication may not be sent to jurisdictions or distributed in or sent from or otherwise made publicly available in jurisdictions, in which this is barred or prohibited by law.This publication constitutes advertising in accordance with article 68 of the Swiss Financial Services Act. Such advertisements are communications to investors aiming to draw their attention to financial instruments. Any investment decisions with respect to any securities should not be made based on this advertisement. This communication is being distributed only to, and is directed only at (i) persons outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.This communication does not constitute an "offer of securities to the public" within the meaning of Regulation 2017/1129 of the European Union (the "Prospectus Regulation") of the securities referred to in it (the "Securities") in any member state of the European Economic Area (the "EEA") or, in the United Kingdom ("UK"), the Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (the "UK Prospectus Regulation"). Any placements of the Securities to persons in the EEA or the UK will be made pursuant to an exemption under the Prospectus Regulation or the UK Prospectus Regulation (as applicable), as implemented in member states of the EEA or the UK, from the requirement to produce a prospectus for offers of the Securities. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. The issuer of the securities has not registered, and does not intend to register, any portion of the placements in the United States, and does not intend to conduct a public offer of securities in the United States. The securities are being offered and sold outside the United States in reliance on Regulation S and within the United States to "Qualified Institutional Buyers" (as defined in Rule 144A under the Securities Act ("Rule 144A")) in reliance on Rule 144A. Prospective purchasers are hereby notified that sellers of the Securities may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.This publication or the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia, Japan or any other jurisdiction in which the distribution or release would be unlawful or require registration or any other measure and does not constitute an offer of securities for sale in such countries.

Opinions expressed herein reflect the current judgement of the management of GF. The presentation contains forward-looking statements that involve risks and uncertainties. The actual results of GF may differ materially from those anticipated in these forward-looking statements and forecasts as a result of a number of factors.

The management of GF does not accept any liability whatsoever with respect to the use of this presentation.

Pioneering industrial technology

Johann Conrad Fischer

Malleable iron fitting

As of 1900 GF develops wheels made of cast steel for trucks and cars

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

GF at a glance: 2/3 of Sales in Water & Flow Solutions and majority of sales outside of Europe

Sales per business* (in CHF million)

Sales per region* (in %)

Building Technology

Water & Flow Solutions

GF Piping Systems

Industry & Utility

Rest of World

Europe

*2023 sales pro-forma

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%

4.1

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

Legend:

Overall sales

1.0

50%

Other businesses

50%

Piping share

Strong positions in a diverse portfolio of markets andindustries

Legend:

Exposure to business

Chemical Process industry

ICT/ ElectronicsIndustrial applicationsMedicalMarine

Consumer goodsHome appliancesPackagingLife scienceGeneral educationCoolingData Center

Key financial figures - Three years view

Sales

CHF million

Organic growth %

EBITDA-Margin before one-offs in CHF million

Employees

FTE

3'722

3'998

4'026

2021

2022

2023

ROIC %

15.9

13.5

2021

2022

FCF bef. Acq.

CHF million

2023

12.7

12.7*

2021

2022

2023

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

Net debt / EBITDA

(multiple)

2021

2022

Earnings per share

CHF

19'824

2023

23.4

23.8*

2021 *excl. Uponor

151

146

3.37

134

2022

2023

2021

2022

2023

2022

2.96

2021

2022

2023

2021

2023

Leading the way in corporate sustainability …

Sales with social or environmental benefits1 as % of total sales

80

1 excluding GF Uponor

70

60

50

40

30

20

10

0

Target 2025

CO2e emissions2

Scope 1 and 2, in 1'000 tons

2022

2023

Accident rate (LTIFR)

Baseline

2021

2022

2023

TargTeat r2g0e2t6 2026

… as acknowledged with external awards and ratings

Rating agencyRatingA

(transparency and performance on climate change)

Gold

for GF Piping Systems, GF Uponor, GF Casting Solutions; Silver for GF Machining Solutions

Ranking 121 out of 588

AASuccessfully validated

Targets for greenhouse gas reduction

B- prime status

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

Sustainability achievements across divisions and regions

Strategy targets 2025 lifted following the acquisition of Uponor

(in CHF)

CHF 4.4 - 5.0 billion* Sales

*including acquisitions

9 - 11%

EBIT margin

20 - 22%

Return on invested capital

10

CHF 5.0 - 5.5 billion* Sales

*including acquisitions / Uponor

13 - 15%

EBITDA margin

10 - 12%

EBIT margin

20 - 24%

Return on invested capital