Slide 1: Q1 2024 presenters: Daniel Ljunggren and Viveca Johnsson
4 Daniel Ljunggren Viveca Johnsson President & CEO 4 CRO,
Slide 2: Start of 2024 - Q1
START OF 2024 - Q1 = Slow — but not unexpected — Q1 2024 = Quarterly volatility remains — no lost orders in Q1 but delayed sell processes. Long-term trend most important = Still positive outlook for 2024 and beyond — near term outlook supported by a strong order intake-start of Q2 = High activity le
Slide 3: Quarter 1, 2024
QUARTER 1, 2024 NET SALES, SEK M 18% decrease Q1 EBITDA, SEK M Slow start in net sales but in line with management expectations for the quarter. The comparison quarter (Q1 2023) was a strong quarter in terms of net sales due to delayed deliveries in 2022. Decreased EBITDA in Q1 is due to lower net s
Slide 4: Highlights in the start of 2024
HIGHLIGHTS IN THE START OF 2024 Ql 2024 April Lockheed Martin Framework Handheld win BAE Systems Strategic hardware industry agreement BAE 69 MSEK Bofors place orders contract in Estonia collaboration Systems Bofors contract worth 52 MSEK worth 53 MSEK AMMILDEF ‘WE ARMOR TT,
Slide 5: Financial Summary by Viveca Johnsson, CFO
Slide 6: A Strong Growth Story
A STRONG GROWTH STORY Net Sales (SEKm) 1400 7 1200 1000 gpk 2018 2019 2020 2021 2022 2023 AAVILDEF
Slide 7: Gross margin by quarter
50,0% 49,1% 1 200 1 100 48,3% 1 000 48,0% 48,1% 881 47,7% 47,6% 47,7% 800 47,3% 47,0% 560 46,6% 46,6% 600 46,3% 46,0% 400 200 44,7% 0 44,0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2022 2023 2024 2021 2022 2023 2024
Slide 8: Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
-8% 1 400 1 177 1 200 1 086 1 000 800 613 600 400 200 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2022 2023 2024
Slide 9: Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
200 160 142,7 120 87,7 80 53,3 40 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2022 2023 2024
Slide 10: Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
1 400 1 311 1 279 1 200 1 000 800 744 600 400 200 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2022 2023 2024
Slide 11: Backlog Duration
BACKLOG DURATION Beyond Duration of the order backlog (SEKm) per March 31, 2024, based on planned deliveries 2024* 2026* *Important information Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements
Slide 12: Net working capital and net debt/EBITDA
450 45% 6,0 400 40% 350 4,2 33% 33% 35% 4,0 3,9 300 30% 2,8 250 2,0 2,1 25% 1,9 1,7 1,9 200 20% 150 0,0 19% 15% 100 -0,8 -0,8 10% 50 -2,0 -2,1 -2,1 0 5% -3,5 -50 0% -4,0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2022 2023 2024 2021 2022 2023 2024 Inventory Other Ne
Slide 13: Future Outlook, Daniel Ljunggren, CEO
Slide 14: Focus Areas 2024
FOCUS AREAS 2024 1. Capture the growing market Geographic expansion and broadened customer base 2. Customer deliveries Continued strong focus on ensuring deliveries in time 3. Customer offering Dismounted soldier system & Tempest, NATO readiness 4. Working capital and operating cash flow Improve ope
Slide 15: Summary Q1
SUMMARY Q1 Slow first quarter — strong start of Q2 Quarterly volatility remains and will remain Still positive outlook for 2024 and beyond Swedish membership in Nato created long term opportunities
Slide 16: Annual & Sustainability Report 2023
ANNUAL & SUSTAINABILITY REPORT 2023, arru so AAMILDEF
Slide 17: We Armor It.
WE ARMOR IT. AGM 2024 - May 23, 2024 Q2 report — July 25, 2024 Q3 report — October 25, 2024 Year-End 2024 — February 6, 2025 Follow our journey on in| AAMILDEF ‘WE ARMOR TT,