Hexagon Ab Class B · OMXSTO:HEXA_B
Hexagon Ab Class B — Q3 2026 Earnings Presentation
28 slides from Hexagon Ab Class B's earnings presentation, Oct 23, 2026
Slide 1: Q3 2026 report
Q3 2026 report 23 October 2026
Slide 2: Cautionary statement
Cautionary statement This communication may contain forward-looking statements, estimates and projections. When used in this communication, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements, estimates and p
Slide 3: Agenda
Agenda Hexagon Q3 performance 1 Anders Svensson Hexagon Q3 business review & financials 2 Enrique Patrickson Concluding remarks 3 Anders Svensson Question & answer session 4 Anders Svensson, Enrique Patrickson
Slide 4: Q3 2026 performance
Q3 2026 performance Anders Svensson 4
Slide 5: Highlights of the quarter
Highlights of the quarter Fantastic growth and even stronger order intake Key financial metrics Key operational achievements Building a business for long-term profitable growth 13 % Organic growth − Acquisition of Waygate Technologies expected to complete in the fourth quarter − Bolt-on acquisitions
Slide 6: Quarterly revenue & organic growth
Quarterly revenue & organic growth Organic growth Organic growth Revenue €M % Delivered very strong growth 1 200 15 1 000 10 800 5 − Growth in all of our Business Areas 600 0 400 − Autonomous Solutions – 23% -5 200 − Manufacturing Intelligence – 16% 0 -10 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 − Inf
Slide 7: Regional and industry development
Regional and industry development % of Americas EMEA China Rest of Asia Industry sales** 6% org. growth 17% org. growth 15% org. growth 14% org. growth Construction* 27% General manufacturing 16% Aerospace & defence 13% Growth in quarter YoY Mining 11% Automotive 10% >8% 0-8% Electronics 5% Negative
Slide 8: Gross margin
Gross margin Maintained at around 62% Gross margin by quarter, excl. D&E Gross margin by quarter, as reported 70 70 – Excluding the D&E business the gross margin was stable year- 65.0 65 65 64.3 64.4 64.0 63.7 63.7 on-year 63.3 62.8 62.9 62.4 62.6 62.3 62.3 61.9 61.6 62.0 62.3 61.6 61.6 – 20% growth
Slide 9: EBITAC improvement driven by organic growth & leverage
EBITAC improvement driven by organic growth & leverage EBITAC & operating margin trends €M % – EBITAC of 25.3%, compared to 23.1% 300 30 Q3 2025, excluding D&E 250 – Underlying improvement even stronger, 25 200 as Q3 2025 included a large one-off defence order 150 20 – Driven by positive currency, t
Slide 10: AEON gaining traction at existing and new customers
AEON gaining traction at existing and new customers Customer progress by stage Shipped Training Production Schaeffler First humanoid trained in their gym BMW Training AEON independently €13m invested in Q3 2026, up Pilatus from €6m in Q3 2025 Pilot completed, next stage ongoing FILL First humanoid o
Slide 11: Acquisitions
Acquisitions Continue to be active in M&A Announced Announced Completed − To be acquired by Autonomous − Acquired by Infrastructure & − Acquired by Manufacturing Solutions Geospatial Intelligence − Sensors that position vessels − Geotechnical engineering − Acquired the remaining 49% next to platform
Slide 12: Waygate expected to close in the fourth quarter
Waygate expected to close in the fourth quarter Impact on EBITAC margin, Group and MI, % % – Waygate is a significant opportunity for value creation 26 – Adds ~$631m revenue (2025) to 23 Manufacturing Intelligence – Dilutive to 2025 EBITAC margin by 20 ~150bps to Group and ~300bps to MI 17 – Plans i
Slide 13: Q3 2026 business review & financial update
Q3 2026 business review & financial update Enrique Patrickson 13
Slide 14: Revenue & profitability year-on-year bridge
Revenue & profitability year-on-year bridge Strong organic growth and operational leverage Net sales, MEUR 1100 1050 1000 +2% +13% 950 -7% 1,049.1 +7% 900 976.1 850 Q3 2025 Currency Structure Organic Q3 2026 EBITAC, MEUR 270 +8% -12% +16% 240 265.3 210 238.4 +11% 180 Q3 2025 Currency Structure Organ
Slide 15: Manufacturing Intelligence
Manufacturing Intelligence Revenue by industry (FY 2025) 2% 9% 4% General manufacturing Q3 2026, MEUR (Q3 2025) Excl. D&E Business update 11% 35% Automotive Aerospace & defence Category Achievement* − Very strong growth in Stationary & Electronics Portable metrology Revenue Energy & power 446.2 − Ge
Slide 16: Infrastructure & Geospatial
Infrastructure & Geospatial Revenue by industry (FY 2025) 8% 4% 2% Surveying 28% Heavy construction 5% Q3 2026, MEUR (Q3 2025) Business update Buildings − Growth across Construction 8% Mining Category Achievement Software & Services, Geomatics Utilities Revenue and Radar & Monitoring 369.8 23% Mappi
Slide 17: Autonomous Solutions
Autonomous Solutions Revenue by industry (FY 2025) 9% 5% Mining Q3 2026, MEUR (Q3 2025) Business update Aerospace & defence 12% Agriculture − Significant growth in Positioning 47% Category Achievement Marine divisions, benefitting from strong Other Revenue demand in aerospace & defence 224.7 markets
Slide 18: Income statement
Income statement Adjusted income statement, MEUR Q3 2026 Q3 2025 Change % Net sales 1,049.1 976.1 13%* COGS -402.9 -354.2 14% Gross earnings 646.2 621.9 4% Gross margin 61.6% 63.7% -2.1% Operating earnings (EBITDA) 369.9 370.0 0% EBITDA margin 35.3% 37.9% -2.6% EBIT1 278.3 264.7 5% Capitalisation/am
Slide 19: Operating cash flow and net debt bridge
Operating cash flow and net debt bridge Operating cash flow, MEUR 400 77 99 300 40 63 200 370 43 252 271 47 100 208 165 119 0 EBITAC D&A excl Cap. R&D Adj. Non-cash CF post- Work. Op. CF Taxes & Op. CF NRI Op. cash R&D EBITDA & capex inv. capital pre-tax interest pre-NRI flow Net debt, MEUR 550 3 2
Slide 20: Pro forma leverage
Pro forma leverage The three acquisitions take net debt/EBITDA from ~0.3x to ~1.4x, well below the 2.5x threshold Revenue, EURbn Net debt/EBITDA ~0.7 ~4.7 ~4.0 Threshold 2.5x +1.1x LTM Acquisitions Pro forma 1.4x EBITAC, EURbn ~0.1 ~1.0 ~0.9 0.3x LTM Acquisitions Pro forma LTM Pro forma 20 | hexagon
Slide 21: Sustainability
Sustainability 2030 target: reduce Scope 1 and 2 emissions by 70% from the 2022 baseline Scope 1 and 2 emissions reduction vs 2022 baseline 70% reduction goal (2030) 2025 progress 33% 2022 baseline Progress in Q3 − Revised targets validated by SBTi − Improved use of renewable energy & embedding more
Slide 22: Summary of Q3 2026
Summary of Q3 2026 Anders Svensson 22
Slide 23: Save the dates
Save the dates 25th February 2027 Septentrio site visit, Leuven, Belgium 26th October 2027 Manufacturing Intelligence, Rhode Island facility Investor Relations will send more details in due course. 23 | hexagon.com
Slide 24: Short- and long-term levers for value creation ahead
Short- and long-term levers for value creation ahead NEAR TERM LONGER TERM Another excellent quarter Waygate opportunity approaches 13% organic growth, with improving Significant value creation prospect margins Entering Q4 with momentum AEON breaking through Strong order intake, Hexagon Way is Broad
Slide 25: Q&A
Q&A 25
Slide 26: Appendix
Appendix Q3 2026 {HEXAGON
Slide 27: Continuing operations reporting segments
Continuing operations reporting segments Division Category (MEUR) Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 Q3 2026 Operating net sales 961.5 1,010.5 976.1 1,053.1 4,001.2 963.8 1,050.2 1,049.1 Organic growth -2% 2% 5% 4% 2% 8% 12% 13% EBIT1 248.7 260 264.7 299.0 1,072.4 251.3 272.0 27
Slide 28: Historical performance restated to exclude D&E
Historical performance restated to exclude D&E Division Category (MEUR) Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Operating net sales 888.2 939.4 907.1 980.3 3,715.0 924.9 Gross margin % 62.6% 62.3% 61.9% 61.6% 62.1% 62.0% Organic growth -2% 3% 5% 4% 3% 8% Hexagon EBIT1 225.0 231.1 235.5 255.4