Slide 1: Year-end report 2024: Record-high sales volume and earnings for the year
Q4 Year-end report 2024 Record-high sales volume and earnings for the year
Slide 2: Accelerating growth in fourth quarter
Accelerating growth in fourth quarter • Sales volume increased by 21 percent to 130 ktonnes (108) — market share gains in stable markets • Shandong acquisition completed and being integrated. Quick ramp-up to break-even. Helps market share gains, but impacts cash flow • Sales volume growth and impro
Slide 3: Increased market share in stable markets drove good growth in all geographies
Increased market share in stable markets drove good growth in all geographies Q4 2024 year-on-year sales volume growth Gränges Gränges Gränges Americas Eurasia Group Automotive → HVAC – Speciality packaging Other niches Total 17% 24% 21% >+3% → -3% to +3% <-3% 3
Slide 4: A new chapter for Gränges Asia
A new chapter for Gränges Asia • Successful completion of acquisition of 160 ktonnes production facility in Shandong, China • Provides scale, cost, and partnerships needed for continued competitiveness in Asia • Breakeven reached in December by fast market Shandong Shanghai share gain of 90 ktonnes
Slide 5: Continued strong sustainability performance
Continued strong sustainability performance Carbon emissions intensity Sourced recycled aluminium • Continued decarbonization progress, reaching all-time- tonnes CO2e/tonne R12m ktonnes R12m low for the full year 12 100 400 11.4 Baseline 2017 • Record-level recycling in 8.9 -35% 80 both volume and s
Slide 6: Record full-year sales volume, adjusted operating profit, and net profit
Record full-year sales volume, adjusted operating profit, and net profit Sales volume and adjusted operating profit Sales volume Adjusted operating (ktonnes) profit (SEK million) 1,536 1,571 600 1,600 1,400 500 1,150 1,200 1,005 1,008 400 933 866 1,000 300 687 648 800 541 463 600 200 362 371 400 209
Slide 7: New business and improved cost productivity supported earnings growth
New business and improved cost productivity supported earnings growth Sales volume Adjusted operating profit Adjusted operating margin ktonnes R12m SEK million R12m kSEK per tonne R12m 150 600 500 2,000 4 4 506 3.3 479 463 1,536 1,571 3.1 400 125 450 1,500 3 3 2.4 1,150 300 100 300 1,000 2 2 200 75
Slide 8: Financial overview Q4 2024
Financial overview Q4 2024 Q4 January - December SEK million 2024 2023 Δ 2024 2023 Δ Sales volume, ktonnes 130.3 107.7 21.0% 505.8 463.2 9.2% Net sales 6,184 4,967 24.5% 23,506 22,518 4.4% Adjusted operating profit1 324 245 32.2% 1,571 1,536 2.3% Adjusted operating profit per tonne, kSEK 2.5 2.3 0.2
Slide 9: Increased net debt in the fourth quarter driven by working capital build-up in Asia
Increased net debt in the fourth quarter driven by working capital build-up in Asia Change in financial net debt SEK million -2,000 Adjusted cash flow before financing 1.2x 1.8x SEK -905 million -2,400 557 -2,800 -2,839 -1,205 -3,200 -3,600 -81 -175 -224 -4,000 -159 -166 -4,400 -4,292 Financial Adju
Slide 10: Gränges Americas Q4 2024: Improved demand and new business gains
Gränges Americas Q4 2024: Improved demand and new business gains • Improved customer demand Sales volume Adjusted operating profit except for in automotive ktonnes R12m SEK million R12m 75 300 400 1,600 • Sales volume increased 249 17% vs last year supported 230 221 by new business gains 300 1,068 1
Slide 11: Gränges Eurasia Q4 2024: Improved demand and Shandong ramp-up
Gränges Eurasia Q4 2024: Improved demand and Shandong ramp-up • Successful ramp-up of Sales volume Adjusted operating profit Shandong operations ktonnes R12m SEK million R12m 75 295 300 200 800 • Improved customer demand 255 264 in most markets 631 595 150 600 • Sales growth supported by 50 200 448
Slide 12: 2024 marked completion of first phase of Navigate
2024 marked completion of first phase of Navigate Navigate, our strategy for long-term sustainable growth • In 2024, we finalized the 1st phase of Navigate, creating a solid foundation for sustainable growth • Net profit increased 70 percent since 2021 • Recycling +400% and carbon intensity -35% sin
Slide 13: Good performance towards long-term financial targets during 2024
Good performance towards long-term financial targets during 2024 20% 40% 3 50% 30% 40% 15% 20% 2 30% 10% 10% 20% 0% 1 5% 10% -10% 0% 0% -20% 0 2014 2024 2014 2024 2014 2024 2014 2024 Profitability Profit growth1 Capital structure Dividend2 Return on capital employed Average operating profit Financia
Slide 14: First-quarter outlook
Jörgen First-quarter outlook • Aim to retain new business enabled by the Shandong acquisition (~90 ktonnes annual volume) at break-even profitability, and then improve • On a like-for-like basis, expect muted demand and some market share gains to result in a mid-single- digit sales volume growth in
Slide 15: Q&A
Q&A
Slide 16: GRANGES
GRANGES