Skf Ab Class A · OMXSTO:SKF_A
Skf Ab Class A — AB SKF — Q2 2026 Earnings Presentation
21 slides from Skf Ab Class A's earnings presentation, Jul 17, 2026
Slide 1: Quarterly presentation Q2 2026
Alt 4 quarterly presentation 17 JULY 2026 Q2 2026
Slide 2: Ask a question / Legal disclaimer
Ask a question Webcast Telephone Use question tab Press *1 above the slides Legal disclaimer This presentation contains forward-looking statements that reflect SKF’s current expectations on future events and financial and operational development. Words such as “intend”, “anticipate”, “expect”, “may”
Slide 3: Continued margin improvement
Organic growth and adjusted operating margin Q2 2026 | QUARTERLY SUMMARY 10% 14% 12% Continued margin 5% 10% Adj. operating margin Organic growth 8% improvement 0% 6% 4% -5% 2% -10% 0% • Strong adjusted margin mainly driven by further strengthened Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 profitability in Speciali
Slide 4: Organic growth by geographical region
Q2 2026 | SALES BY REGION Organic growth by geographical region Region % of global net sales Net sales, Organic Market highlights BSEK growth, % • Solid organic growth in Specialized Industrial Solutions EMEA 43% 10.0 -0.6% • Growth held back by continued low automotive demand and cautiousness in in
Slide 5: Bearing Solutions
Share of Group net sales Share of Group Adj. EBIT Q2 2026 | SEGMENT OVERVIEW Bearing Solutions 55% 76% Organic growth 0.2% Net sales and adjusted operating margin • Growth driven by price/mix MSEK • Solid growth in Asia off-set by organic decline in Europe, 15 000 25% Middle East and Africa • Tariff
Slide 6: Specialized Industrial Solutions
Share of Group net sales Share of Group Adj. EBIT Q2 2026 | SEGMENT OVERVIEW Specialized Industrial 20 % 22 % Solutions Organic growth 8.3% Net sales and adjusted operating margin • Continued strong momentum – both price/mix and volumes MSEK • All units contributing to growth, in particular Magnetic
Slide 7: Automotive
Share of Group net sales Share of Group Adj. EBIT Q2 2026 | SEGMENT OVERVIEW Automotive 25 % 11% Organic growth -1.4% Net sales and adjusted operating margin • Generally challenging market conditions remain, especially within EMEA MSEK • China and Northeast Asia contributed positively, partly 8 000
Slide 8: Quarterly deep-dive
Quarterly deep-dive SKF Second-quarter report 2026 8
Slide 9: Humanoids Venture: extending humanoids portfolio to cover required bearing assortment
Q2 2026 | DEEP-DIVE Humanoids Venture | Rapidly extending our humanoids portfolio to cover the required bearing assortment Attractive growth industry Bearings in humanoids Typical number of bearing applications, • Over the past period, we have carefully non-exhaustive assessed where to play >120 bea
Slide 10: Humanoids Venture: Partnering with Leaderdrive
Q2 2026 | DEEP-DIVE Humanoids Venture | Partnering with Leaderdrive for a strong market position and customer access Leaderdrive overview The Venture ~800 MSEK ~25% HQ: Net sales CAGR 2023-25 Bearing & large-scale Engineering/application know- manufacturing know-how and how and customer access produ
Slide 11: Automotive: Five key strategic levers
Q2 2026 | DEEP-DIVE Automotive | Five key strategic levers Long-term indicative objectives 1) Deep-dive today “Above market over a business cycle” 1 2 3 4 5 Organic growth Continue to Maintain and Expand A lean company Entire value chain “High single digit” win in leading strengthen addressable setu
Slide 12: Automotive: Automation driving efficiency and speed
Q2 2026 | DEEP-DIVE Automotive | Automation driving efficiency and speed 4 A lean company setup Example Automation to significantly accelerate product Increasing customer value by: development cycles: → Implementing AI based automated process for generating complete ~50% reduction in TMU (Truck Matc
Slide 13: Financials
Financials Susanne Larsson, CFO SKF Second-quarter report 2026 13
Slide 14: P&L summary
Q2 2026 | FINANCIALS P&L summary MSEK unless otherwise stated Q2 2025 Q2 2026 Change IAC breakdown (BSEK) Q2 2025 Q2 2026 Net sales 23,166 23,195 +0.1% Automotive separation -0.3 -0.4 Organic growth, % -0.2 1.4 Footprint optimization -0.2 -0.6 Adjusted gross profit 7,324 7,586 Rightsizing initiative
Slide 15: Bridge analysis
1,400 MSEK Q2 2026 | FINANCIALS Rightsizing run- rate savings as Bridge analysis of Q2 26 Q2 2025 Organic1) Cost Currency Structure Q2 2026 Net sales, MSEK 23,166 312 -176 -107 23,195 Growth, % 1.4 -0.8 -0.5 0.1 Adjusted operating profit, MSEK 3,090 396 -170 -101 8 3,223 Adjusted operating margin, %
Slide 16: Cash flow
Q2 2026 | FINANCIALS Cash flow Net cash flow from operating activities, MSEK Net cash flow from operating activities 123 MSEK MSEK 1 303 4 000 14 000 - 494 3 500 12 000 3 000 2 219 2 500 10 000 2 055 2 000 8 000 -1 096 1 500 1 000 6 000 500 4 000 0 2 000 -500 -1 000 0 Operating Depreciation, Non-cas
Slide 17: Balance sheet and return on capital
Q2 2026 Balance sheet and return on capital Net debt, and Net debt1)/equity Adjusted ROCE, 12 months rolling MSEK 12 000 50% 18% 14.5% 16% 10 000 40% 14% 8 000 30% 12% 6 000 10% 20% 8% 4 000 6% 2 000 10% 4% 0 0% 2% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 0% 25 26 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Financial net debt Lea
Slide 18: Outlook and guidance
Q2 2026 Outlook and guidance Outlook • Q3 2026: Given signs of improved market demand in certain industries, we expect organic sales to strengthen somewhat in Q3, year-over-year. However, geopolitical turmoil, including the conflict in the Middle East, amplifies overall unpredictability. Guidance Q3
Slide 19: Continued margin improvement
Q2 2026 Continued margin improvement 01 02 03 04 Strong rightsizing Strong growth and Humanoids venture Separation progressing execution margin uplift in SIS to plan Continued high pace in Our SIS units show their Extending our portfolio to Automotive is now rightsizing activities profitable growth
Slide 20: Q&A
Q&A
Slide 21: Slide 21