Troax Group Ab Class A · OMXSTO:TROAX
Troax Group Ab Class A — Investor Day (November 2025)
41 slides from Troax Group Ab Class A's investor day presentation, Nov 5, 2025
Slide 1: Shaping the Future of Safety - Capital Markets Day
anon i tt SAFETT Troax Group Capital Markets Day th
Slide 2: Message
MESSAGE » Who we are » Decentralised to create » Larger addressable market » Well positioned as global empowerment and speed with higher growth market leader » Building on our success » New financial targets » Strong fundamental drivers with sharpened focus 2025-11-05 | CMD 2025
Slide 3: Our Position
1. UR POSITION 2025-11-05 | CMD 2025
Slide 4: Slide 4
Slide 5: Safety in Every Aspect
SAFETY IN EVERY ASPECT MANUFACTURING WAREHOUSE & LOGISTICS STORAGE SAFETY DATA CENTRE SAFETY SAFETY SAFETY Machine guards » Doors » Protective structures » Shelves » Anti-collapse » Sensors & connectivity 2025-11-05 | CMD 2025 5
Slide 6: Troax Group in Brief
TROAX GROUP IN BRIEF 279 173% & MEUR SALES EBITA MARGIN (2024) (2024) Oo PRESENT IN / + CAGR EMPLOYEES (2015-2024) (2024) COUNTRIES CONTINENTS 2025-11-05 | CMD 2025 6
Slide 7: » » » » »
450 400 » 350 » 300 » 250 » » 200 150 100 50 0
Slide 8: Our Business (2024)
OUR BUSINESS (2024) CHANNELS TO MARKET SALES REGIONS MARKET SEGMENTS APPLICATION <5% Through integrators and ~15'h distributors to end-users ~25'h Direct to end- user (direct and e-commerce) 2025-11-05 | CMD 2025 MM EMEA Ml Americas {| APAC (_lAniorevive |_| Proacss Hl Manufacturing safety HB Wareho
Slide 9: While Products Might Look Simple, the Business Is Quite Complicated
WHILE PRODUCTS MIGHT LOOK *SIMPLE’, THE BUSINESS IS QUITE COMPLICATED BUYING SITUATION: » Mandatory BUSINESS IMPLICATION: » A cost-effective insurance ) » A versatile and wide offering Small spend » Unique configuration » Flexibility and speed » Quality has direct impact » Urgent need to total cost
Slide 10: Strong Megatrends Create Opportunities, Diversified Exposure Gives Resilience
STRONG MEGATRENDS CREATE OPPORTUNITIES, OUR DIVERSIFIED EXPOSURE GIVES US RESILIENCE MEGATRENDS DRIVING GROWTH: ...AND DIVERSE INDUSTRY EXPOSURE DRIVES RESILIENCE » Increased industrial automation CONSTRUCTION OTHERS » On-shoring of manufacturing » Growth in e-commerce » Safety awareness » Stricter
Slide 11: Long-Term Market Growth Trends
LONG-TERM MARKET GROWTH TRENDS AUTOMOTIVE __ CONSTRUCTION OTHERS Share of : T MARKET business Construction Data Centres » Automotive bates » Mining 2 Eledroncs ~ | h BEUR » Tyres » Public and residential » Robotics . buildings WAREHOUSING PROCESS WEIGHTED CAGR 4-6§% » Automated warehouse Food and be
Slide 12: Unique Position Despite Challenging Market in Q3
» Strong in APAC, delayed recovery in Europe, and hesitant Americas » Low volumes, production transfer and operational issues in USA lowers profitability » Strong cash flow AS >5% -5% to 5% UNIQUE POSITION DESPITE CHALLENGING MARKET IN Q3 Total 7% Automotive Warehouse Construction Process Others Tot
Slide 13: Our Geographical Exposure Gives Significant Room to Grow Market Share
OUR GEOGRAPHICAL EXPOSURE GIVES SIGNIFICANT ROOM TO GROW MARKET SHARE » Strong position in Europe » Excellent growth opportunities in Americas and APAC » Additional growth opportunities in new segments AMER EMEA APAC Share of sales: 16% Share of sales: 79% Share of sales: 5% Addressable market: 5-60
Slide 14: Machine Guarding Products - Development
MACHINE GUARDING PRODUCTS - DEVELOPMENT MACHINE GUARDING PERFORMANCE Group profitability average 2019 2020 2021 2022 2023 2024 2025-11-05 | CMD 2025 Key comments: » Strong organic growth driven by automation and e- commerce » Global #1 — yet significant growth potential in all regions » Accretive pr
Slide 15: Warehousing Products - Development
TROAX: WAREHOUSING PRODUCTS - DEVELOPMENT WAREHOUSING PRODUCT PERFORMANCE Key comments: » Today, leading market position in Europe through acquisitions natom Garantell » 2021-2022: Exceptional growth » 2023 -: Weak market due to over investments made 2021-2022 2019 2020 2021 2022 2023 2024 0 0 “Rest
Slide 16: Proven Track Record with Industry-Leading Customers
PROVEN TRACK RECORD WITH INDUSTRY-LEADING CUSTOMERS Swisslog Google Mahindra Kion Subatu Coca-Cola tew Dexion Mercedes Benz Michelin SpaceX Hyundai Motors META Bito Microsoft Vinfast Bridgestone General Motors Bastian ABB © stow Toyota Material Handling Nestlé Grainger Amada BMW Arcelor Mittal Tesla
Slide 17: Proven Track Record with Industry-Leading Customers
PROVEN TRACK RECORD WITH INDUSTRY-LEADING CUSTOMERS TROAX HAS BEEN A TRUSTED PARTNER FOR OVER 15 YEARS. THEIR PRODUCT QUALITY CONSISTENTLY MEETS OUR EXPECTATIONS, AND THEIR RESPONSIVENESS TO OUR SPECIFIC NEEDS HAS BEEN OUTSTANDING. WE ESPECIALLY VALUE THE SEAMLESS SERVICE FROM PLANNING TO FINAL INST
Slide 18: Revised Strategy & New Organisation
TROAX 02. REVISED STRATEGY & NEW ORGANISATION
Slide 19: New Operating Model from Jan 2025
NEW OPERATING MODEL FROM 1 JAN 2025 DECENTRALISED WITH CLEAR EMPOWERMENT AND ACCOUNTABILITY » Clear decentralised P/L ownership » New structure based on regions instead of brands to drive sales and cost synergies Strategic » Regions are highest operating level entities with a small governing HO. GRO
Slide 20: Group Management
GROUP MANAGEMENT » PRESIDENT AND CEO Martin Nys HR Marie-Astrid Léfdahl STRATEGY AND PORTFOLIO —— Jonas Lindqvist SOURCING AND SUPPLY CHAIN ——j Christian Hellman FINANCE Anders Ekléf IT Martin Ask MARKETING r— Camilla Davidsson P&L-RESPONSIBILITY COMMON GROUP FUNCTION REGION AMERICAS José Nunez Ag 2
Slide 21: Our People - The Key to Success
OUR PEOPLE - THE KEY 10 SUCCESS so: r promi Our vision Our values Olu (piers - what to expect Why we do it What guides us “How we do it” Making Customer focus Efficiency WIESE Cooperation Accountability safer - every day Respect Integrity SUCCESSFUL OUTCOMES! 2025-11-05 | CMD 2025
Slide 22: Our Mission - A Zero Harm Workplace
OUR MISSION - A ZERO HARM WORKPLACE Machine Guarding Anti Collapse & Shelves Partitioning Advice, training, tools Barrier Systems Active Safety 1955 EE 7025 atoal poten 2025-11-05 | CMD 2025 22
Slide 23: New Addressable Total Market
LONG-TERM MARKET GROWTH TRENDS NEW ADDRESSABLE TOTAL MARKET MARKET WEIGHTED CAGR TODAY'S ADDRESSABLE TOTAL MARKET 0 — WEIGHTED CAGR 0 TOTAL MARKET ~ 1.5 BEUR 2025-11-05 | CMD 2025 Machine Guarding Anti Collapse & Shelves Partitioning Active Safety Barrier Systems Advice, training, tools 73
Slide 24: Shaping the Future of Safety
“SHAPING THE FUTURE OF SAFETY” sic r : Grow market share Innovate for Seeunis Acquire and grow : : best-in-class : Improve cost and in sustainable adjacent safety : on ‘ customer A capital efficiency core segments leadership : portfolio experience Safety and sustainability in everything we do A cult
Slide 25: Going for Growth
GOING FOR GROWTH 550 MEUR 2025 Grow market Growmarket Growmarket — Acquisitions Target 2030 share share with share in new geographically existing segments customers 2025-11-05 | CMD 2025 DOUBLE THE BUSINESS BY: » Deliver superior value for our customers » Grow in geographies with lower market share
Slide 26: Successful Growth Through
SUCCESSFUL GROWTH THROUGH: » » » »
Slide 27: Best Customer Experience Through
BEST CUSTOMER EXPERIENCE THROUGH: » » » »
Slide 28: M&A as a Natural Part of Our Growth Journey
M&A AS A NATURAL PART OF OUR GROWTH JOURNEY THEME WHY WE DO IT » Continue to consolidate the machine guarding market Core expansion » Acquire targets to get foothold in new geographical markets maleenice » Additional customer touch points and increased customer value proposition portfolio » Expand o
Slide 29: Troax Group Acquires Vichnet and Forms the Asian Market Leader
TROAX GROUP ACQUIRES VICHNET AND FORMS THE ASIAN MARKET LEADER VICHNET AT A GLANCE » Founded 2006 » Market leader in China for Machine guarding solutions and cable management systems » Turnover (2024): ~26 MEUR » EBITA profitability approx. same as Troax Group » Expected closing end of 2025 » Joinin
Slide 30: Capabilities Will Increase Substantially
CAPABILITIES WILL INCREASE SUBSTANTIALLY » Higher capacity in Americas — needed for further growth » Higher efficiency - full automation and best practices » The new facililty in Tennessee will be ready by mid 2026 — progress according to plan 2025-11-05 | CMD 2025
Slide 31: Our Racking Business Needs to Simplify
OUR RACKING BUSINESS NEEDS TO SIMPLIFY: » Two significant acquisitions between 2020 and 2023 made us a leading player in Europe »» Exposure to long-term growth in warehousing is strategically sound » The complexity needs to reduce both for the offering and the operations » Higher utilisation and low
Slide 32: Committed to Doing Our Part
COMMITTED TO DOING OUR PART » » LONG-LASTING SOLUTIONS AND HIGH-LEVEL OF REUSED MATERIALS » » CONTINUOUS IMPROVEMENT » »
Slide 33: Our Ambition
03. UR AMBITION 2025-11-05 | CMD 2025 33
Slide 34: Our Previous Financial Targets and Our Performance
OUR PREVIOUS FINANCIAL TARGETS AND OUR PERFORMANCE THEME Sales growth Profitability Capital structure Dividend policy 2025-11-05 | CMD 2025 TARGET > Market growth Through the cycle >20% over the cycle Adjusted EBITA margin <2.5x Net debt to EBITDA 50% Pay-out ratio PERFORMANCE 2020-2024: CAGR 11% 20
Slide 35: Our New Financial Targets 2030
OUR NEW FINANCIAL TARGETS 2030 THEME NEW FINANCIAL TARGETS Sales of at least 550 MEUR -i.e. at least 15% sales growth (CAGR)* *2025 net sales as baseline Sales growth At least 20% over the cycle Profitabilit rotitability Adjusted EBITA margin Capital <2.5x structure Net debt to EBITDA over time Inte
Slide 36: Going for Growth - Double the Business by 2030
GOING FOR GROWTH - DOUBLE THE BUSINESS BY 2030 __550 MEUR DOUBLE THE BUSINESS THROUGH: » Deliver superior value for our customers » Grow in geographies with lower market share » Grow share with existing customers » Target market segments with relatively lower market share » Add new selected segments
Slide 37: Strong Measures to Restore EBITA-Margin Level
STRONG MEASURES TO RESTORE EBITA-MARGIN LEVEL MARGIN IMPROVEMENT FROM: » Market demand starts coming back » Optimised pricing and portfolio » Streamlined operations in Europe » Higher automation level in North America » Digitalisation to lower sales and admin costs EBITA- Price/Volume Operations Ope
Slide 38: We Have a Strong Balance Sheet with Financial Flexibility
WE HAVE A STRONG BALANCE SHEET WITH FINANCIAL FLEXIBILITY Financial Net debt / EBITDA 1.0 (R12) Target: Net debt/EBITDA <2.5 » Net debt kept stable and well below target Fite power » Significant fire power for acquisitions MEUR » Strong pipeline with potential targets in all regions (Financial net d
Slide 39: Our Capital Allocation Principles
OUR CAPITAL ALLOCATION PRINCIPLES CAPITAL EXPENDITURE » Reinvesting into own operations to grow the business and improve productivity ACQUISITIONS » Strengthening the business through bolt-on and adjacent acquisitions DISTRIBUTION TO SHAREHOLDERS » Distributing dividends to shareholders according to
Slide 40: Troax Group as an Attractive Investment
DER IN OUR NICHE AND WELL POSITIONED ATTRACTIVE “TROA OUP AS AN INVESTMENT - ONE WELL, BUT MORE T0 COME AN THE ONLY GLOBAL PLAYER FOR ORGANIC GROWTH OPPORTUNITIES FOR M&A 4. offering aii market trends == aim to lead the and customer value are in our favour market consolidation PROFITABILITY TARGET O
Slide 41: Troax Group Capital Markets Day
Troax Group Capital Markets Day 5th Nov, 2025