Slide 1: Electrolux Group Q4 2024 Results presentation
Electrolux Group Q4 2024 Results presentation Yannick Fierling, President and CEO Therese Friberg, CFO Oscar Stjerngren, Investor Relations
Slide 2: Full year 2024
Full year 2024 Good progress in a challenging environment * Organic sales growth driven by higher volumes in all business areas, primarily Latin America * Favorable mix supported by the attractive product offering * Negative price, due to increased promotions and lower market price levels * SEK 4.0b
Slide 3: Q4 Highlights
Q4 Highlights Organic sales growth of 11.5% * Higher volumes and favorable mix in all business areas * Organic growth supported by the attractive product offering + Negative price impact reduced year-over-year Substantially improved EBIT * Significant contribution from cost efficiency * Higher sales
Slide 4: Sales and EBIT Bridge Q4 2024
Sales and EBIT Bridge Q4 2024 sekm Qk 2023 corms! marketing’ elfciency? factors! svete. @4 2024 Net Sales 35,636 3,668 1.246 -90 37,968 Growth % -0.4% 10.7% -3.9% -0.3% 6.5% EBIT excl NRIS 72h 568 -58 2,025 552 -10 1,249 EBIT excl NRI% -2.0% 3.3% Aecretion/ 1.6 pts -0.1 pts 5.2 pts -13 pts 0.0 pts 1
Slide 5: Sales and EBIT Bridge Full year 2024
Sales and EBIT Bridge Full year 2024 SEKm 07s oncoyma nate efficiency’ factors prev aon Net Sales 134,451 5,527 3,738 90 136,150 Growth % 7A% 42% 2.9% -0.1% 13% EBIT excl NRIS Al4 -1,931 -617 4,003 -192 -10 1,666 EBIT excl NRI% 0.3% 1.2% pecretion/ -1.4 pts -0.4 pts 29pts — -O.l pts 0.0 pts ts in co
Slide 6: Executing on cost reduction target
Executing on cost reduction target Cost reduction! y-o-y, SEKbn 4.0 3.5-4.0 Key deliverables in 2024 SEK 4bn in cost efficiency delivered for full year, and SEK 2bn in Q4 2024 New organization successfully implemented Notification of staff affected by savings program close to finalized Product cost
Slide 7: Operating Cash Flow
Operating Cash Flow SEKm Q4 2024 Q4 2023 FY 2024 FY 2023 EBIT 1,052 -3,215 1,100 -2,988 D/A and other non-cash items 1,673 477 6,867 9,812 Change in operating assets and liabilities 1,559 4,202 -465 597 Investments in intangible and tangible assets -1,604 1,999 -4,647 -5,699 Changes in other investm
Slide 8: Solid liquidity and maturity profile
Solid liquidity and maturity profile sekbn Long-term borrowings, by maturity 10.0 8.0 6.0 4.0 2.0 0.0 2025 2026 2027 2028 2029 2030- Data as per December 31, 2024 SEK 34.1bn in liquidity incl. RCF as per December 31, 2024 No financial covenants in any loan agreements New EIB loan of USD 200m for dev
Slide 9: Europe, Asia-Pacific, Middle East and Africa
Europe, Asia-Pacific, Middle East, Organic sales growth * Electrolux Group outperformed stabilizing European market * Organic growth driven by increased volumes and mix * Increased promotions and negative price in replacement driven market EBIT margin excl. NRI at 4.8% * Positive impact from cost ef
Slide 10: European Core Appliances Market
European Core Appliances Market <)) Total European shipments, quarterly unit comparison y-o-y 40% 30% 20% -10% 10% tet ‘_ mmyquye -20% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Source: Electrolux estimates. As from Ql 2020, Russia is excluded. Electrolux estimates ore subject to re
Slide 11: North America
North America Organic sales increase * Volume growth, outperformed the market supported by the attractive product offering * Favorable mix * Price slightly positive, compared to the severely pressured level and extended promotional period in Q4 2023 Improved operating income * Positive impact from c
Slide 12: U.S. Core Appliances Market
U.S. Core Appliances Market HX) U.S. shipments, quarterly unit comparison y-o-y 30% 25% 20% 15% 10% . ill il I oA ELT I 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 “Source: Based on the AHAM Factory Shipment Report. Q4 2024 is a comparison of weeks between September 29, 2024 - Decemb
Slide 13: Latin America
Latin America High organic growth + Volume growth, driven by Brazil and a strong Black Friday * Price slightly positive, supported by price increases to compensate for currency headwinds * Strong aftermarket sales growth EBIT margin of 8% despite significant currency headwinds Strong organic sales g
Slide 14: Outlook and summary
Slide 15: Market outlook FY 2025 per region
Market outlook FY 2025 per region North America Latin America Electrolux estimates for industry shipments of core appliances, units year-over-year Llatin America includes the ABC-countries, Asio-Pasific includes ANZ and SEA. Inline with our new organizational structure, we have Combined the outlook
Slide 16: Electrolux business outlook
Electrolux business outlook A) Business Outlook! y-o-y FY 2025 Comments Volume/price/mix Neutral Negative price offset by growth in focus categories Investments in consumer experience Increased investments in Innovation & marketing to capitalize on innovation and marketing? Negieliive product offeri
Slide 17: Strategy for profitable growth
Strategy for profitable growth) Financial targets Operating Return on net Sales margin assets growth 26% >20% 24% The primary financial priority is achieving our fnancial targets of an operating margin of at least 6% and « return on net assets of over 20%, over a business cycle. Once established, ou
Slide 18: Factors affecting forward-looking statements
Factors affecting forward-looking statements This presentation contains “forward-looking” stat company’s current expectations. Although the company at the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations prove to have been cor
Slide 19: Q&A
Slide 20: Strategy for profitable growth
Strategy for profitable growth Financial targets Operating Return on net margin assets 26% »>20 The primary financial priority is achieving our financial targets of an operating margin of at least 6% and a return on net assets of over 20%, over a business cycle. Once established, our objective Is sa
Slide 21: Electrolux Group
r{) Electrolux Group
Slide 22: AB
AB ELECTROLUX - Q4 2024
Slide 23: Earnings contribution from price/mix
Earnings contribution from price/mix Business Area Q4, y-o-y Comments on Q4 y-o-y Europe, Asia-Pacific, Middle East and Africa Negelive North America Positive Latin America Positive Group EBIT % accretion 0.0 pts Increased promotions and negative price, partly offset by positive mix. Excludes curren
Slide 24: Electrolux Group
r{) Electrolux Group