2026 2Q RESULTS
August 5th, 2026
2 2026 2Q results presentation ǀ 5 -Aug-262026 2Q Group Financial Results Consistent with Group expectations for the period (1) Including -0.6% of FX and +2.4% of perimeter (consolidation of Padoan , Tutto Hidraulicos , Borghi Assali and F.A.R.M.A.)555.3 561.4 2025 2Q 2026 2QNet Sales (€M)
+1.1% YoY1
o/w -0.7% org.23.8%22.9% 2025 2Q 2026 2QEBITDA margin -0.9 pp YoYEPS -basic € 0.562€ 0.608
2025 2Q 2026 2Q
+8.2% YoY-396.9 -305.7 2025 1H 2026 1HNet Financial
Position (€M)
+€91.2M YoY
•Hydraulics organic and M&A more than offsetting the weaker comparison basisin Water Jetting•Lower Water Jetting contribution adversely impacting mix •Cost inflation gradually passed through to customers•Tax rate stable YoY •Positive contribution from share buy-back•Record cash generation driving significant NFP improvement
3 2026 2Q results presentation ǀ 5 -Aug-2621.7 13.5 -2.7 352.0 384.5 2025 2Q Organic M&A FX 2026 2Q0 100 200 300 400 2026 2Q ǀ Hydraulics Results YoY improvement in Sales and margin (1) consolidation of Padoan, Tutto Hidraulicos, Borghi Assali and F.A.R.M.A.•Performance reflects ongoing mitigation of cost inflation through efficiency actions / selective price adjustments and improving operating leverage•Further acceleration in demand across most
application fields
•4thconsecutive quarter of organic growthNet Sales (€M), Δ YoY EBITDA (€M)
73.8 81.5
2025 2Q 2026 2Q20.9% 21.2%
2025 2Q 2026 2QEBITDA margin
+6.2%+3.8%1
-0.8%
+9.2% +10.5% +0.3pp
4 2026 2Q results presentation ǀ 5 -Aug-26-25.4 0.0
-1.0 203.3
176.9
2025 2Q Organic M&A FX 2026 2Q0 50 100 150 200 2026 2Q ǀ Water Jetting Results Tough YoY comparison Net Sales (€M), Δ YoY EBITDA (€M)
58.3
46.8
2025 2Q 2026 2Q28.5%26.3%
2025 2Q 2026 2QEBITDA margin •Results affected by the YoY comparison basis, after the solid delivery from Hammelmann in 2Q’25•Performance reflects mix headwind, with the lower contribution from Hammelmann compared to 2Q’25-12.5%0.0%
-0.5%
-13.0% -19.7%-2.2pp
5 2026 2Q results presentation ǀ 5 -Aug-262026 2Q Net Financial Position & Cash Flow Stable NFP QoQ, despite the solid shareholders’ remuneration (1)Trade Working Capital =Net Working Capital with “Trade Payable” netofCapEx Trade Payable ;(2)“Investment inproperty, plant & equipment” less “Proceeds from the sales ofproperty, plant &equipment +Investment inother intangible assets” ;(3)Cash -out of minorities related topast acquisitions .128.4
-9.8 -22.0
-27.0 -7.4 -18.1
-57.3 2.1
-294.6 -305.7
N.F.P.
1Q'26EBITDA
Δ TWCCapEx
Interest & taxesOther
M&AShareholders'
remuneration
FX / otherN.F.P.
1H'260.0
-50.0
-100.0
-150.0
-200.0
-250.0
-300.0
-350.0
N.F.P .
1Q’26EBITDA Δ TWC1 CapEx2 Interest & taxesOther M&A3 Shareholders’ remunerationFX / otherN.F.P .
2Q’26
•Record FCF driven by solid operating performance: €62M, from €46M in 2Q’25 •TWC consistent with seasonality of the business•€35M of dividends paid •€22M of share buy -backFree Cash Flow +62.0€ million
6 2026 2Q results presentation ǀ 5 -Aug-262026 FY Outlook Reiterating the guidance provided (1)consolidation of Padoan, Tutto Hidraulicos, Borghi Assali, F.A.R.M.A., MVV and TeknoiceFY’25 Sales €2,071M;
~+2.5% of M&A impact1FY’25 margin 22.3%;
maintained through
diversification & flexibilityEBITDA margin between 22% ÷22.5%Sales Δ YoY ( org.) between -2% ÷+3%Free Cash Flow
consolidate 2025
record achievement
FY’25 cash €220M;
continuing normalization
of TWC & CapEx
7 2026 2Q results presentation ǀ 5 -Aug-262026 Looking Ahead • Closely monitoring raw material / energy costs development • Price pass -through implemented selectively to offset risings input costs • US tariffs environment now more stable • July sales evolution in line with Group expectations and coherent with 2Q • A more balanced Hydraulics / Water Jetting mix in 2H’26
APPENDIX
9 2026 2Q results presentation ǀ 5 -Aug-262026 1H Group Financial Results (1) Including -2.2% of FX and +2.4% of perimeter (consolidation of Padoan , Tutto Hidraulicos , Borghi Assali and F.A.R.M.A.)1,076.9 1,086.3 2025 1H 2026 1HNet Sales (€M)
+0.9% YoY1
o/w +0.7% org.23.2%22.4% 2025 1H 2026 1HEBITDA margin -0.8 pp YoYEPS -basic € 1.094€ 1.145
2025 1H 2026 1H
+4.7% YoY-396.9 -305.7 2025 1H 2026 1HNet Financial
Position (€M)
+€91.2M YoY
10 2026 2Q results presentation ǀ 5 -Aug-2645.2 25.8 -16.8 695.5 749.7 2025 1H Organic M&A FX 2026 1H0 200 400 600 800 2026 1H ǀ Hydraulics Results (1) consolidation of Padoan, Tutto Hidraulicos, Borghi Assali and F.A.R.M.A.Net Sales (€M), Δ YoY EBITDA (€M)
143.1 155.0
2025 1H 2026 1H20.5% 20.6%
2025 1H 2026 1HEBITDA margin
+6.5%+3.7%1
-2.4%
+7.8% +8.3% +0.1pp
11 2026 2Q results presentation ǀ 5 -Aug-26-37.8 0.1
-7.0 381.4
336.6
2025 1H Organic M&A FX 2026 1H0 100 200 300 400 2026 1H ǀ Water Jetting Results Net Sales (€M), Δ YoY EBITDA (€M)
106.3
88.0
2025 1H 2026 1H27.7%25.9%
2025 1H 2026 1HEBITDA margin
-9.9%0.0%
-1.8%
-11.7% -17.2%-1.8pp
12 2026 2Q results presentation ǀ 5 -Aug-26243.1
-51.2
-40.9
-43.3 -13.0 -22.1 -82.6 -4.6 -291.1 -305.7 N.F.P.
1Q'26EBITDA
Δ TWCCapEx
Interest & taxesOther
M&AShareholders'
remuneration
FX / otherN.F.P.
1H'260.0
-50.0
-100.0
-150.0
-200.0
-250.0
-300.0
-350.0 2026 1H Net Financial Position & Cash Flow (1)Trade Working Capital =Net Working Capital with “Trade Payable” netofCapEx Trade Payable ;(2)“Investment inproperty, plant & equipment” less “Proceeds from the sales ofproperty, plant &equipment +Investment inother intangible assets” ;(3)Cash -out of minorities related topast acquisitions .N.F.P .
FY’25EBITDA Δ TWC1 CapEx2 Interest & taxesOther M&A3 Shareholders’ remunerationFX / otherN.F.P .
1H’26Free Cash Flow +94.6€ million
13 2026 2Q results presentation ǀ 5 -Aug-26Capital Allocation Priorities Strategically deploying capital –medium -term framework
Organic investments
CapEx ~4% of SalesAcquisitions
priced correctly,
“perfect fit” for the Group Maintain solid balance sheet
N.F.P . ~€0 by 2028 E,
excl. cash -out related to large M&AReturn excess capital to shareholders between dividends and share buy -back
14 2026 2Q results presentation ǀ 5 -Aug-26Long -Term Targets (2028 E) Net Sales (€B) EBITDA margin Net Financial Position (€B)
2.1 2.2
2.1 2.1 ~2.5
2022 2023 2024 2025 2026 2028 E23.7% 24.0%
22.0% 22.3% ~22.5%
2022 2023 2024 2025 2026 2028 E
•Sales target includes organic and acquisitions; exploring possibility of undertaking a larger transaction•Including possible dilution effect from acquisitions-0.5 -0.5 -0.4 -0.3 ~0.0 2022 2023 2024 2025 2026 2028 E •Not including any cash -out related to large M&A
15 2026 2Q results presentation ǀ 5 -Aug-26Note: Generic dealers: professional activity of retail or wholesale distribution of a broad range of goods, typically without exclusive affiliation to a specific brand or manufacturer. Generic contractors: professional activity of managing and coordinating all aspects of a construction project, including hiring subcontractors, sourcing materials, and ensuring compliance with regulationsEurope
50.8%
N. America
25.1%APac
13.1%RoW
11.1%
by
geography
Agriculture
9.1%
Construction
7.4%Earthmoving
5.7%Lift
5.3%Ind. Vehicles
18.3%Other
Industrials
8.0%Food & Beverage
9.7%Cleaning
4.8%Shipyard / Marine
4.6%
Generic Dealers
13.2%
Generic Contractors
3.4%
Chemical
2.4%
Automotive ; 1.7% Oil & Gas ; 1.2% Offshore ; 1.0%
Other
4.2%Other
13.9%by
applicationGroup ǀ FY 2025 Sales Split Details ( €2,071M )
16 2026 2Q results presentation ǀ 5 -Aug-26Note: Generic dealers: professional activity of retail or wholesale distribution of a broad range of goods, typically without exclusive affiliation to a specific brand or manufacturer. Generic contractors: professional activity of managing and coordinating all aspects of a construction project, including hiring subcontractors, sourcing materials, and ensuring compliance with regulationsEurope
53.6%
N. America
24.4%APac
9.9%RoW
12.1%
by
geography
Agriculture
13.8%
Construction
7.9%Earthmoving
8.7%Lift
8.2%Ind. Vehicles
25.9%Other
Industrials
9.5%Shipyard / Marine 3.5%Food & Beverage
0.8%
Generic Dealers
15.7%
Offshore
1.4%
Tunneling ; 0.5% Automotive ; 0.6% Mining ; 0.7%
Other
2.7%Other
5.9%by
applicationHydraulics ǀ FY 2025 Sales Split Details ( €1,355M )
17 2026 2Q results presentation ǀ 5 -Aug-26Water Jetting ǀ FY 2025 Sales Split Details (€716M) Note: Generic dealers: professional activity of retail or wholesale distribution of a broad range of goods, typically without exclusive affiliation to a specific brand or manufacturer. Generic contractors: professional activity of managing and coordinating all aspects of a construction project, including hiring subcontractors, sourcing materials, and ensuring compliance with regulationsEurope
45.4%
N. America
26.4%APac
19.0%RoW
9.2%
by
geography
Construction
6.5%
Ind. Vehicles
3.8%Other
Industrials
5.1%Chemical
6.9%Food & Beverage
26.5%Cleaning
13.6%Generic Dealers
8.5% Generic Contractors
9.7%
Shipyard / Marine
6.6%Automotive
3.9%
Oil & Gas
3.4%
Steel Aluminum ; 2.5% Energy Utilities & Recycling ; 1.1% Other ; 2.0%Other
13.0%by
application
18 2026 2Q results presentation ǀ 5 -Aug-26Group 2025 Sales ǀ Details by Main Company 16% 6% 4% 10% 5%
6%7%4%2%5%6%6%4%6%12%
Sales
FY 2025
€2,071M
Hydraulics
€1,355M
65% of GroupWater Jetting
€716M
35% of Group
Other
W.J.
Other
Hydr.
19 2026 2Q results presentation ǀ 5 -Aug-26Sales Details Δ YoY (Organic) Trend
-40%-30%-20%-10%+0%+10%+20%+30%+40%+50%
1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26Group Hydraulics Water Jetting year 2019 2020 2021 2022 2023 2024 2025 1H’26 Group +1.4% -12.6% +20.1% +13.7% +6.9% -9.0% -0.7% +0.7% Hydro +0.8% -13.6% +22.8% +15.9% +5.9% -14.0% -4.1% +6.5% Water +2.5% -10.8% +14.4% +8.5% +9.5% +4.6% +8.2% -9.9%
20 2026 2Q results presentation ǀ 5 -Aug-26Net Sales & EBITDA Margin Evolution 59%63% 65% 64%66% 66% 68%71%74% 73%68% 65%41%37% 35%36%34%34% 32%29%26%27%
32% 35%
05001,0001,5002,0002,500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Net Sales (€M)
679895 9231,0871,2791,3691,2941,6042,0782,240
2,078 2,071
20.2% 20.1%21.5%22.9% 22.6%23.2%22.7%23.7% 23.7% 24.0%
22.0% 22.3%
17.5% 17.2%19.3%20.9%20.3%20.7% 20.8%21.8% 21.9%22.6%
19.9% 19.6%24.2%25.0%25.5%26.3%27.0%28.0%
26.8%28.3%28.9%27.7%
26.4%27.3%
14.0%18.0%22.0%26.0%30.0%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025EBITDA margin (%) Group Hydraulics Water JettingWater
Jetting
Hydr.Group
21 2026 2Q results presentation ǀ 5 -Aug-26Group Approach To M&A The milestone of Group acquisition strategy •The “Perfect fit” •Accurate and comprehensive process
•Soft integration
The “Perfect fit” •Enabling Group diversification strategy
•Technological excellence
•Managerial excellence
•Growth opportunities
AND •Well -run, privately owned companies preferred •No turnaround or restructuring stories •Industrial and commercial consistency with InterpumpAn accurate and comprehensive acquisition process •Deal flows: preferably the Group network •Due diligence: financial, industrial and managerial •Evaluation process: multiples and compliance with Group
guidelines
•Negotiation: majority of holding and flexibility in terms of structure and payment
Soft integration
•Supporting companies to naturally evolve •Executive managers confirmed •Processes and IT systems connected with Group ones •Brands, supply chains and sales network preserved •Important changes only when clear value addition is present
22 2026 2Q results presentation ǀ 5 -Aug-26Interpump’s Distinctive Features
Group Structure
•High diversity of business models, corporate structures, geographical extension •Decentralized structure, backed by centralized allocation of resources and tight monitoring/controlDiversification •Across the widest possible range of applications, products, customers, geographies •High share of local -for-local production M&A •A joint effort to write the next chapter of a company’s story •Reasonable, "industrial" multiples paid •No restructuring costs or related execution risk •Retention of soft skills and talentsFlexibility •Vertically -integrated manufacturing wherever possible •Use of general -purpose programmable machine tools;
no rigid production lines •Standard metal -working processes facilitate outsourcing •Exposure to multiple cycles reduces volatility •Quick and optimal reaction to unexpected growth or adversities Preserving identity, brand, local supply chain, sales & workforce;
preferably, seller is taken onboard as a minority shareholder Product mix & sales strategies can quickly adapt to actual signals picked from end -markets Standardization and mergers are not absolute goals;
They are only pursued when an advantage is evident •Acquired companies maintain their identity, but shift to industrial from
entrepreneurial
•Positive influence on margins
23 2026 2Q results presentation ǀ 5 -Aug-26A Delivering Group –Market Diversification (1) Management estimates on 3rd parties' data Products / applications•Power take -offs, cylinders, hydraulic motors & gear pumps, valves •Rubber and flexible metal hoses, rigid pipes, pipe system design and
connection flanges
•Linear, orthogonal/planetary reduction gears for lightweight to very large -scale applications Market size > €50B / year Features •Size and efficiency
Growth
opportunities•Organic: long -term growth related to world GDP
•External: plentiful
Group
competitive
advantages•Product range and geographical production footprint allow to supply the largest OEMs •Volatility reduced by diversification •Flexibility to adapt to any market phase •M&A strategy as a driver to improve visibility, product range and cross -selling opportunities •Manufacturing of key components ensures long -lasting business relationshipsHYDRAULICS WATER JETTING •Piston pumps 1 -2,000HP used in high -pressure applications •Standard or custom design •Pump -based turnkey systems and assemblies ~ €1B / year •Niches market and high operators' fragmentation •Organic: on going development across various industries
•External: limited
•Largest player in its niche •Top-of-the-market product performance •Premium positioning due to history and reputation •After -sales ( ~1/3 of sector revenues )HIGH PRESSURE PUMPS - DEVICES & SYSTEMS
FLOW PROCESSING COMPONENTS
•Stainless steel agitators, mixers, manifolds, tanks, cleaning -in-place systems, heat treatment, centrifugal separators, low -pressure pumps ~ €9B / year •Extreme geographic & product diversification •Organic: leveraging on development & urbanization and nutritional awareness trends
•External: plentiful
•Hygienically sensitive applications require the same skills needed for high -pressure pumps: sophisticated flow design, high -precision metal machining & surface treatments •Focus on high -margin components
24 2026 2Q results presentation ǀ 5 -Aug-26A Delivering Group –Application Diversification (1) In addition to flow handling components; (2) Group can supply the entire turnkey system
EARTH MOVING
Excavators
Backhoe loaders
Skid-steer loaders
TRUCK
Factory -fitted
PTOs
CONSTRUCTION
Concrete mixing
Telescopic handlers
Conditioning
refrigeration
ventilation
LIFTING
Mobile -fixed cranes
Elevators
Forklifts
Conveyor beltsTRUCK OUTFITTERS
Tipping trucks
Trash collection
Firefighting
Snow plowing
Towing -Car Carriers
Crane trucks
AGRICULTURE
Farm tractors
Front loaders
Harvesting machines
INDUSTRIAL
Machine tools
Hydraulic power packs Automated assembly lines
DRILLING/TUNNELING
Tunnel -boring machines
FOOD, COSMETICS (1)
High -pressure homogenizers Water -jet food cutting, slicing,
meat separation
High -pressure sterilization
CONSTRUCTION
Hydro -demolition(2)
Surface preparation(2)
Infrastructures renewal(2)
TRUCKS
Lightweight high pressure pumps for sewer trucks Other utility vehicles
INDUSTRY
Machine drilling & cutting(2) Pulp & paper
Fibers intertwining
Overspray removal
STEEL / ALUMINUM
Descaling of steel bars(2) Cleaning of tanks & vessels(2)
CLEANING
Mid/high -power cleaning(2) Car washing systems
Airport tarmacs(2)
Fish-farming nets(2)AUTOMOTIVE
Rail engine heads deburring
Bodywork cutting
Welded seals cleanup
MARINE / SHIPYARDS
Water -blasting removal(2)
Hull cleaning(2)
Fuel pumps for methanol -converted
marine engines
WATER PROCESSING
Misting
Reverse -osmosis
desalination
CONTRACTORS
Sell or rent general -purpose high -pressure systems for cleaning and maintenance service (e.g. U.S. market)
OIL & GAS
Anti-icing and pressure -
restoring fluids injections
Underwater pumping
Emergency valve operation Platform decommissioningHYDRAULICS WATER JETTING
25 2026 2Q results presentation ǀ 5 -Aug-26
BERMA - BORGHI ASSALI - REGGIANA RIDUTTORI
TRANSTECNO
Reduction gearsINOXIHP
Specialised solutions for the steel and mining industries
HAMMELMANN
High pressure pumps (up to 1.500 HP -6.000 bar / 87K PSI) Design and supply of turnkey solutions NLB Production and rental of high -pressure pumps and complete systems
EUROFLUID - WALVOIL - WHITE
Directional control valves, pumps & motors, compact hydraulics, electronics. Motor & steering solutions
AMERICAN MOBILE - FARMA - PADOAN
Oil tanks, Fuel tank caps A Delivering Group –Brand & Product Diversification
INTERPUMP HYDRAULICS - MUNCIE POWER
Power take offsWATER JETTING
GENERAL PUMP - INTERPUMP - PRATISSOLI
High flow/pressure pumpsHIGH PRESSURE PUMPS - DEVICES & SYSTEMS
FLOW PROCESSING COMPONENTS
BERTOLI
Homogenizers
INOXPA -FLUINOX -PPC -YRP
Mixers, components & systems
MACFUGE MARIOTTI&PECINI
Mixers, agitators and centrifugal separators
I.MEC
Mechanical screens
WAIKATO
Milking systemPROCESS PARTERS
YRP FLOW TECNOLOGY
ALFA VALVOLE
Dosing pumps
ALLTUBE -GS-HYDRO -HYDRALOK -IMM HYDRAULICS
TEKNOTUBI -TUBIFLEX
Hypress and fluid solutions, rigid pipes & piping system Metallic flexible hoses, Hose assembling machine
CONTARINI - HYDRA DYNE - HYDROVEN
PANNI - TUTTO HYDRAULICOS
Cylinders & rotary manifolds
HYDRAULICS
26 2026 2Q results presentation ǀ 5 -Aug-26 Applications : both divisions have moved from the initial 100% concentration in one sector to a wide range of applications across different industries.
Customers : Optimal customer diversification. Largest account represents 1.6% of sales.
Products : i) Hydraulics: ongoing enlargement of product range through acquisitions. ii) Water -Jetting: expansion from the historical niche of high -pressure pumps into the wider world of fluid handling.
Countries : we sell our products all over the world, through our direct presence or through distributors.
Currencies : most goods sold are produced locally or at least in the same currency. Our FX impact is mostly relative to the translation of financial statements. No currency hedging is necessary.
Raw materials : stainless steel, aluminium, brass, cast iron, copper, and countless other alloys. Smart, forward -looking buying policy keeps us safe from price volatility.
Sales channels : all classes of customers are serviced directly, through a local subsidiary, or through a distributor according to their size and importance: from the world’s largest OEMs to small retail customers.Broad Diversification -Key to Resilience & Lower Cyclicality
27 2026 2Q results presentation ǀ 5 -Aug-26Forward Looking Statements & APMs This document contains forward -looking statements, including, without limitation, statements relating tofuture events, future financial performance, business strategies, expectations, competitive environment, regulation and supply and demand trends .
Forward -looking statements arebased ontheCompany’s current expectations, estimates, projections and assumptions asofthedate ofthis document .These forward -
looking statements aresubject toknown and unknown risks and uncertainties, many ofwhich areoutside thecontrol oftheCompany, that may cause actual results, performance orachievements todiffer materially from those expressed orimplied inany forward -looking statement .Given these uncertainties, readers should notput undue reliance onanyforward -looking statements .
Allforward -looking statements contained inthis document speak only asofthedate hereof .Except asrequired byapplicable laworregulation, theCompany undertakes noobligation toupdate orrevise anyforward -looking statements, whether asaresult ofnew information, future events orotherwise .
This document may contain certain alternative performance measures ("APMs") and other non-IFRS financial measures, including, inter alia, EBITDA, EBITDA margin, net financial position, cash flow and capital expenditure .Such measures arenotmeasures offinancial performance orliquidity under IFRS, should notbeconsidered asan alternative to,ormore meaningful than, thecorresponding IFRS measures, and may not becomparable with similarly titled measures presented byother companies .
Management uses these measures tomonitor theGroup’s operating performance and financial position .Investors areinvited torefer totherelevant explanations and, where applicable, reconciliations setoutintheCompany’s financial reports and other corporate disclosures .
This document isprovided forinformation purposes only and does notconstitute, nor shall itbeconstrued as,anoffer tosell, orasolicitation ofanoffer tobuy, any securities oftheCompany inany jurisdiction .Nothing contained herein constitutes investment, legal, tax, accounting orother advice, nor should itberelied upon in connection with anyinvestment decision .
The information contained inthis document hasnotbeen independently verified and isprovided asofthedate hereof .While theCompany believes that theinformation contained herein isfairand reasonable, norepresentation orwarranty, express orimplied, ismade astotheaccuracy, completeness orcorrectness oftheinformation, except totheextent required byapplicable law.
The Manager in charge of preparing the company’s financial reports declares -pursuant to paragraph 2 of Article 154 -bis of the C onsolidated Law on Finance -that the accounting information contained in this presentation corresponds to the document results, books and accounti ng records.
Sant’Ilario d’Enza , August 5th, 2026