Gates Industrial Company plc (GTES) Presents at Goldman Sachs Industrials and Supplies Convention 2025 Transcript
Gates Industrial Company plc (GTES) Goldman Sachs Industrials and Supplies Convention 2025 December 3, 2025 2:10 PM EST
Firm Individuals
L. Mallard – Government VP & CFO
Richard Kwas – Vice President of Investor Relations
Convention Name Individuals
Clay Williams – Goldman Sachs Group, Inc., Analysis Division
Presentation
Clay Williams
Goldman Sachs Group, Inc., Analysis Division
All proper. Good afternoon, everybody. Look to the hearth chat with Gates Company right here. I am Clay Williams from Goldman Sachs. And with us from Gates I’ve Brooks Mallard, Government Vice President and Chief Monetary Officer; and Wealthy Kwas, Vice President of Investor Relations and Technique. Brooks, Wealthy, thanks for becoming a member of us immediately.
L. Mallard
Government VP & CFO
Completely.
Query-and-Reply Session
Clay Williams
Goldman Sachs Group, Inc., Analysis Division
Sure. So to get it began, dig in on the 2026 targets. On final quarter’s name, you outlined the way you anticipate to reach at your midterm adjusted EBITDA margin goal. May you refresh us in your plan to get throughout the goal adjusted EBITDA margin vary and the way you’ve got been capable of develop margins within the unfavorable quantity atmosphere we have been in.
L. Mallard
Government VP & CFO
Sure. So in our Capital Markets Day again in Q1 of ’24, we’re coming off a challenged 2023, we have been proper at beneath 21% EBITDA margins, and we have simply come via type of the post-COVID challenges round materials availability and issues like that. And we put collectively a stroll that included a path for us to get to 24.5% at midpoint EBITDA margins. And about 100 to 150 of that was coming from quantity. Market restoration in a CAGR of about 3% to five% per yr. And so what’s occurred over the course of the previous couple of years is definitely we have seen about 500 to 600 factors of quantity headwind associated to a number of the finish markets like agriculture
