Slide 1: HEXPOL Q1 2026
HEXPOL Q1 2026 Volume increase in an unpredictable environment 4 May, 2026 1
Slide 2: Q1 2026 Presentation
Q1 2026 Presentation Klas Dahlberg Peter Rosén CEO CFO 01. 02. 03. 04. Group Business Area Financial Summary and Performance Performance Overview Q&A 2
Slide 3: Group Business Performance
Group Business Performance Increased volumes in an unpredictable environment Markets Volume and sales prices Q1 performance • Continued challenged general market • Our focus on market share resulted in • Q1 sales 4 768 MSEK (5 381) with situation with high competition higher volumes to the Building
Slide 4: Rubber Compounding
Rubber Compounding Share of Group´s sales Increased volumes offset by negative price & mix effects • Total global market volumes still on a relatively low level impacted by general low customer demand • Captive volumes still on a high level but has likely peaked • We have secured our market share, a
Slide 5: Thermoplastic Compounding
Thermoplastic Compounding Share of Group´s sales Increased volumes offset by negative price & mix effects • Focus area for our growth going forward - First time presented as a separate business area - Number of initiatives to strengthen organization • Growing volumes to Building & Construction, Auto
Slide 6: Engineered Products
Engineered Products Share of Group´s sales Strong margins • Lower sales impacted by lower demand primarily in Sweden for wheels and gaskets - comparison vs record levels in Q1 2025 • Gaskets for plate heat exchangers short term slow down in demand but positive market trends • Engineered Products mai
Slide 7: Financial overview
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Slide 8: Q1 Financial Overview
Q1 Financial Overview Key figures MSEK Q1’26 Q1’25 Highlights 4 768 MSEK Sales 4 768 5 381 Sales of EBITA 741 873 701 MSEK EBITA-Margin, % 15,5 16,2 EBIT of EBIT 701 839 14,7 % EBIT Margin, % 14,7 15,6 EBIT Margin of Profit after tax 507 602 Earnings per share, SEK 1,47 1,75 Good cash flow +25% Net
Slide 9: Q1 Financial Highlights
Q1 Financial Highlights Sales EBIT EBIT Margin MSEK MSEK % 5 381 4 768 839 15,6% 14,7% 701 -11% -90 bps -16% Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 9
Slide 10: Q1 Sales Development
Q1 Sales Development Regional Development Sales development MSEK -11% EUROPE 5 381 -10% 50% 44% 6% -3% +2% 4 768 -18% 0% -21% ASIA AMERICAS Share of HEXPOL sales Sales development vs same period LY Q1'25 FX Effects Organic Sales Acquisitions Q1'26 10
Slide 11: Q1 EBIT Drivers
Q1 EBIT Drivers EBIT Highlights MSEK • The lower EBIT is mainly driven by lower sales • Gross margin and OPEX are in line with last year -16% levels • Negative FX effects of -74 MSEK or -9% 839 2 701 - 132 -7 Q1'25 Sales Gross Margin OPEX Q1'26 11
Slide 12: Q1 Rubber Compounding
Q1 Rubber Compounding Increased volumes offset by negative price & mix effects Highlights Sales EBIT EBIT Margin MSEK MSEK % • Lower sales including negative FX impact of -380 MSEK (-10%). Acquisitions add 2% and organic sales are down by -3% 3 717 • The organic sales are positively 631 impacted by
Slide 13: Q1 Thermoplastic Compounding
Q1 Thermoplastic Compounding Increased volumes offset by negative price & mix effects Sales EBIT EBIT Margin Highlights MSEK MSEK % • Lower sales including negative FX impact of -113 MSEK (-9%) • Higher volumes in most of the segments, not least within Building & Construction and 1 235 Industrial. A
Slide 14: Q1 Engineered Products
Q1 Engineered Products Lower sales with strong margins Sales EBIT EBIT Margin Highlights MSEK MSEK % • Lower sales including negative FX impact of -32 MSEK (-8%) • Lower demand is mainly visible in Sweden for both Gaskets and Wheels 78 compared to record levels 18,2% 17,7% 429 at the start of 2025 6
Slide 15: Q1 Working Capital
Q1 Working Capital MSEK Highlights 2 500 12,0% • Compared to last year, the acquisition of Kabkom added some 75 MSEK 10,0% 2 000 in working capital 8,0% • No change in underlying 1 500 payment terms 6,0% 1 000 4,0% 500 2,0% 0 0,0% Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 WC WC/Sales 15
Slide 16: Q1 Cash Flow
Q1 Cash Flow Cash Flow Highlights MSEK • As normal in the first quarter, soft cash flow where EBIT was partly offset by growth in accounts receivables 143 • The growth in accounts 701 receivables is driven by the low level at the start of the year - 493 235 - 116 EBIT Depreciation Working capital In
Slide 17: Q1 Net Debt
Q1 Net Debt Strong financial position MSEK 31-mars 2026 31-mars 2025 Highlights Cash at hand 1 970 1 410 • Strong financial position • Net debt affected by the Used credit facilities -4 796 -3 756 acquisition of the minority shares of almaak and the acquisition of Kabkom (both Net debt -2 826 -2 346
Slide 18: Strategic Priorities 2030
Strategic Priorities 2030 Increase activities Raised M&A agenda, Continued focus on to grow organically especially within Operational Excellence Thermoplastic Compounding Priorities Priorities Priorities • Target profitable segments with structural Focused and well-defined M&A strategy • Continue re
Slide 19: HEXPOL Thermoplastic Compounding
HEXPOL Thermoplastic Compounding Manufacturing Sites 2025: Sales per customer segment (2025,%) 2,400 8,750 Automotive, 31% Household, Consumer & Care, 16% 13 Customers Solutions Industrial, 8% Building and Construction, 11% Toys, Sport & Leisure, 8% 6 US, 6 EU and 1 Asia ~800 4,587 Medical-pharmaceu
Slide 20: Targeting Attractive Segments
Targeting Attractive Segments High Specialized material- application combinations Performance where compounding is critical to achieve exact customization, 15B $ Polymers High R&D spend. Engineered High impact of compounding to achieve versatility in additional applications; fillers 60B $ Polymers b
Slide 21: New Financial Targets & Operational Metrics – 2030
New Financial Targets & Operational Metrics – 2030 Next Phase of Growth and Value Creation EPS Growth Net Debt/EBITDA Dividend Policy Operational Metrics >10% (CAGR) Ratio Below 2.5 40-60% Supporting the Between 2026-2030 Financial Targets: • EBIT Margin of 14-16% • >10% revenue growth including M&A
Slide 22: Summarizing Q1
Summarizing Q1 • Overall higher volumes in the quarter defending our market position • Growing volumes in our main segments in most geographies. This has a positive impact on organic sales, offset by negative price and mix effects • Captive volumes still on a high level but has likely peaked • We ha
Slide 23: HEXPOL Q&A
HEXPOL Q&A 23
Slide 24: Thank you
Thank you www.HEXPOL.com 24