Ctt Systems Ab · OMXSTO:CTT
Ctt Systems Ab — Q2 2026 Earnings Presentation
15 slides from Ctt Systems Ab's earnings presentation, Jul 21, 2026
Slide 1: Earnings Call Q2 2026
HENRIK HÖJER MARKUS BERG CEO CFO EARNINGS CALL Q2 2026 Second Quarter 2026 2026-07-21
Slide 2: Highlights Q2 2026
Highlights Q2 2026 1. Momentum in the OEM-market – Best quarter since Q1 2020 2. Resilient and robust aftermarket demand – surge in IP/spares orders 2
Slide 3: Q2 2026 Financials in short
Q2 2026 Financials in short -5% ❑ Net sales decreased to MSEK 76 (80) – Negative FX MSEK -2.5 ❑ EBIT amounted to MSEK 14 (18) ❑ EBIT margin 19% (23) ❑ EPS 0.79 SEK (1.19) -21% ❑ Operating cash flow of 24 MSEK (3) -34% 3
Slide 4: Q2 2026 Net Sales Bridge and Mix
Q2 2026 Net Sales Bridge and Mix ❑ Strong system sales - OEM MSEK +12, Retrofit MSEK +3 ❑ Private jet weak, offset MSEK -10 – deliveries pushed to Q3 ❑ Aftermarket decreased MSEK 8 – strong comparable quarter due to inventory build up in Q225 Sales Mix, % 80 76 4
Slide 5: Q2 2026 EBIT Bridge
Q2 2026 EBIT Bridge ❑ FX positive MSEK +1, whereof MSEK -2 from lower exchange rate on sales & MSEK +3 from AR/AP ❑ Negative sales volume decreased EBIT with MSEK 1 ❑ Negative sales mix resulted in EBIT decrease of MSEK 6 ❑ Lower costs, mainly from cost savings, MSEK 2 MSEK 18 +1 -1 +2 14 -6 5
Slide 6: Q2 2026 Cash Flow
Q2 2026 Cash Flow ❑ Strong operating cash flow of MSEK 24 (3) ❑ Working capital positive MSEK 13, mainly due to AR payments ❑ Investments mainly in Nybro facility, loan taken to finance expansion ❑ Paid dividend of MSEK 30 (67) 16 12 6
Slide 7: Q2 2026 Net Debt & ROCE
Q2 2026 Net Debt & ROCE ❑ Net debt amounting to MSEK 34 compared 35 MSEK in Q2 last year ❑ Cash MSEK 12 and in addition available credit facilities amounting to MSEK 48 ❑ Equity ratio 71% (71%) and Net Debt / (R12 EBITDA) 0.6 (0.5) MSEK 7
Slide 8: YTD 2026 Financials in short
YTD 2026 Financials in short ❑ Net Sales increased 6% to 142 MSEK (134), currency adjusted +13% ❑ EBIT increased 9% to MSEK 24 (22) ❑ EBIT margin 17% (16) ❑ EPS decreased 11% to 1.32 SEK (1.48) ❑ Operating cashflow amounted to MSEK 15 (8) Net Sales Bridge (MSEK) Sales Mix, % 142 8
Slide 9: Outlook Q3 and 2026
Outlook Q3 and 2026 Outlook Q326: Revenue (in USD) is expected to be modestly below Q226. Updated 2026 outlook (in USD): Outlook 2026 Q425 report Updated April 2026 Updated July 2026 (in USD) OEM Sharp increase in Sharp increase in OEM deliveries, Sharp increase in OEM deliveries, OEM deliveries 45
Slide 10: Aftermarket Outlook
250 Aftermarket Outlook 243 233 200 187 150 167 147 100 124 ❑ Robust underlying demand 98 99 ❑ IP/Spares had strong order intake 50 72 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Quarterly sales ROLLING 4Q 70 MSEK 275 MSEK 250 60 225 50 200 175 40 150 30 125 100 20 75 50 10 25 0 0 Q422 Q324 Q221
Slide 11: OEM Outlook
200 OEM Outlook 150 166 126 100 1. Deliveries in H226 ~ H126 – Next uptick in Q127 104 2. Addressable market growing – tracking aircraft build-rates 50 83 3. Shipset content on A350s increasing gradually in 2026 / 2027 35 40 53 0 25 20 2017 2018 2019 2020 2021 2022 2023 2024 2025 Quarterly sales 30
Slide 12: Private jet Outlook
35 Private jet Outlook 30 25 32 30 20 21 ❑ Transition / weak 2026 - few deliveries 15 18 15 14 15 14 ❑ Airbus Corporate Jets (ACJ) front runs by promoting humidification for ACJ320 10 5 10 Family, the ACJ TwoTwenty and the ACJ330 0 ❑ Boeing Business Jets – Baseline configuration – First BBJ737MAX ki
Slide 13: Retrofit Anti-Condensation Outlook
Retrofit Anti-Condensation Outlook ❑ No OEM Availability – OEM is a requirement for scalable growth Net Sales ❑ Retrofit demand to drive OEM: 40 ❑ A320 operators to demand line-fit or post-delivery 35 35 modification – Focused efforts to win launch customers 30 30 ❑ Limited efforts to obtain STC for
Slide 14: Take action for our future
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Slide 15: We make flying a little better
WE MAKE FLYING A LITTLE BETTER THRIVE WITH HUMIDITY AT HEALTHY LEVEL 15