Company: GIFLF
Filing Date: 2025-05-12
Form Type: 6-K
Source: 0001104659-25-047168
Chunk: 13

Company: Grifols SA
Filing Date: 2025-05-12
Form: 6-K
Chunk 13
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) (22) IT and R&D 1 (3) (4) Taxes 51 (55) (106) Interests - 15 (86) (71) Others 209 (44) (253) Free Cash Flow pre - M&A 1 Business Performance Financials Final Remarks Annex Note: All figures are presented on a consolidated basis (including Biotest) 1 FCF definition and reconciliation to the Cash Flow Statement in slide 30 in the Annex EBITDA Adjusted to Free Cash Flow reconciliation (in million EUR) Significant Improvement in Free Cash Flow Generation Normalizing of FCF generation profile: • Working Capital Management • Offsetting impact of Interest and Capex phasing o Interest payment timing o Immunotek payment • Reduction in cash adjustments to Adjusted EBITDA

- 16 - Q1 2025 Results Business Performance Financials Final Remarks Annex Significant secured capacity Strong €1.7bn 2 liquidity Focused on continued credit re - rating progress Continued Focus on Deleveraging, Normalizing FCF Generation and Strong Liquidity - 189 - 298 - 149 - 55 267 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Free Cash Flow pre - M&A 1 LTM FCF ( in million EUR ) Note: All figures are presented on a consolidated basis (including Biotest). 2 LTM: Last Twelve Months (LTM). 1 FCF definition and reconciliation to the Cash Flow Statement in slide 30 in the Annex. 2 For Q1 2025, cash and cash equivalents of €753m + unused credit facilities € 1,318 m - unused RCF facilities maturing in Nov 2025 c€396m. No meaningful maturities till Q4'27 Continued Deleveraging 6.4 x 6.8 x 5.5 x 5.1 x 4.6 x 4.5x Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Leverage Ratio

- 17 - Q1 2025 Results Grifols is Well Equipped to Navigate Dynamic Markets Business Performance Financials Final Remarks Annex Highly strategic portfolio with unique optionality and flexibility Biotest progressing as planned Reaffirmed 2025 Guidance 1 Impact of a depreciating USD: • Broadly Neutral to Positive: Leverage, FCF, Margins • Headwind: Revenue,