Slide 1: Annual Report 2024 Webcast Presentation
February 2025 Annual Report 2024 Webcast Presentation NKT A/S | Annual Report 2024 | Webcast | February 2025 | 1
Slide 2: Today's presenting team
Today’s presenting team Claes Westerlind Line Andrea Fandrup President & CEO CFO NKT A/S | Annual Report 2024 | Webcast | February 2025 | 2
Slide 3: Forward looking statements
Forward looking statements This presentation and related comments contain forward- looking statements. Such statements are subject to many uncertainties and risks, as various factors of which several are beyond NKT A/S’ control, may cause that the actual development and results differ materially fro
Slide 4: Key messages 2024
Key messages 2024 Continued step-up in financial performance – NKT positioned as pure-play power cable solutions provider Organic revenue* growth Record-high operational Acquisition of SolidAl Sustainability efforts of 26% driven by EBITDA of EUR 344m and divestment of NKT advanced, reflecting stron
Slide 5: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | Annual Report 2024 | Webcast | February 2025 | 5
Slide 6: Financial performance in Q4 2024
Financial performance in Q4 2024 Continued double-digit growth in revenue* and operational EBITDA driven by Solutions Key developments in Q4 2024 Key financial highlights (EURm) ▪ Solutions with organic revenue* growth of 34% driven by overall Revenue* satisfactory execution on the high order backlo
Slide 7: Solutions – Q4 2024
Solutions – Q4 2024 NKT Solutions Applications Serv. & Acc. Continued double-digit organic growth in revenue* Q4 2024 financial highlights Customer 469m 34% 67m offerings ▪ High-voltage AC/DC off-/onshore power cable solutions Revenue*, EUR Organic growth Oper. EBITDA, EUR ▪ Organic growth of 34% an
Slide 8: High-voltage market development
High-voltage market development NKT Solutions Applications Serv. & Acc. Continued high level of market activity in 2024 Key developments Latest notable order wins for NKT ▪ NKT estimates that the value of projects awarded in its addressable high- Size voltage power cable market exceeded EUR 17bn in
Slide 9: High-voltage order backlog composition
High-voltage order backlog composition NKT Solutions Applications Serv. & Acc. Diversified customer and project portfolio provide strong earnings visibility Key developments: High-voltage order backlog (EURbn) High-voltage order backlog by customer (%) ▪ Order backlog of EUR 10.6bn provides strong e
Slide 10: Applications – Q4 2024
Applications – Q4 2024 NKT Solutions Applications Serv. & Acc. Revenue and operational EBITDA at satisfactory level Q4 2024 financial highlights Customer 178m -4% 13m offerings ▪ Medium-voltage power cables for distribution grid ▪ Low-voltage power cables and building wires ▪ Telecom and other speci
Slide 11: Service & Accessories – Q4 2024
Service & Accessories – Q4 2024 NKT Solutions Applications Serv. & Acc. Growth in revenue and operational EBITDA Q4 2024 financial highlights Customer 59m 7% 6m offerings ▪ High- and medium-voltage accessories ▪ Power cable services Revenue*, EUR Organic growth Oper. EBITDA, EUR ▪ Revenue increase d
Slide 12: Sustainability highlights 2024
Sustainability highlights 2024 NKT advanced its sustainability efforts, reflecting the company’s strong commitment and ambitions. While striving to make progress, NKT also acknowledges several challenges that must be addressed to achieve all the targets. 2024 Key Activities ▪ Stopped usage of natura
Slide 13: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | Annual Report 2024 | Webcast | February 2025 | 13
Slide 14: Income statement: Organic growth driven by Solutions
Income statement: Organic growth driven by Solutions Income statement highlights Key developments in Q4 2024 Q4 FY EURm 2024 2023 2024 2023 ▪ 23% organic growth mainly driven by 34% organic growth in Revenue 890 685 3,252 2,567 Solutions due to increased capacity from investments Revenue (Std. metal
Slide 15: Cash flow: Positive cash flow driven by EBITDA and working capital
Cash flow: Positive cash flow driven by EBITDA and working capital Cash flow statement highlights Key developments in Q4 2024 Q4 FY EURm 2024 2023 2024 2023 ▪ Cash flow from operating activities of EUR 368m with Cash flow from operating activities 368 140 1,039 542 positive development in operationa
Slide 16: Balance sheet: Improved working capital and RoCE
Balance sheet: Improved working capital and RoCE Balance sheet highlights Key developments in Q4 2024 31 Dec 30 Sep ▪ Working capital improved versus end-Q3 2024 driven by Solutions EURm 2024 2023 2024 2023 due to the phasing between milestone payments and project Working capital execution. Improvem
Slide 17: Financial outlook for 2025
Financial outlook for 2025 The financial outlook is based on several assumptions including: ▪ Satisfactory execution of high-voltage investments and projects to deliver on expected profitability margin ▪ Satisfactory operational execution across business lines ▪ Stable market conditions for Applicat
Slide 18: Trajectory towards medium-term financial ambitions for 2028
Trajectory towards medium-term financial ambitions for 2028 Organic revenue* CAGR RoCE% Operational EBITDA from 2021 EUR >700m >14% >20% NKT A/S | Annual Report 2024 | Webcast | February 2025 | 18
Slide 19: Key messages 2024
Key messages 2024 Continued step-up in financial performance – NKT positioned as pure-play power cable solutions provider Organic revenue* growth Record-high operational Acquisition of SolidAl Sustainability efforts of 26% driven by EBITDA of EUR 344m and divestment of NKT advanced, reflecting stron
Slide 20: Investor Relations Update Questions & Answers
Investor Relations Update Questions & Answers
Slide 21: Financial calendar 2025
Financial calendar 2025 2025 Event 19 March Annual General Meeting For full list of Investor Relations 9 May Interim Report, Q1 2025 events, please visit 15 August Interim Report, H1 2025 investors.nkt.com 19 November Interim Report, Q1-Q3 2025 NKT A/S | Annual Report 2024 | Webcast | February 2025