Slide 1: Q1 Interim Report 2026: Record first quarter and strong momentum
Q1 Interim Report 2026 Record first quarter and strong momentum
Slide 2: Best first quarter ever and good outlook
Best first quarter ever and good outlook • Sales volume grew for the ninth consecutive quarter • 5% volume growth driven by market share gains, which more than offset weak demand • Cash flow negatively affected by increasing aluminium price, but supported by lower capex • Strong operational performa
Slide 3: Market share gains more than offset weak demand
Market share gains more than offset weak demand External year-on-year sales volume growth Q1, 2026 Specialty Automotive HVAC packaging Other niches Total Gränges Americas → → +3% Gränges Asia → → → -1% Gränges Europe +15% Total +8% -1% +10% +4% +5% >+3% → -3% to +3% <-3% 3
Slide 4: Impact of the increased geopolitical tensions
Förslag – kommentera Impact of the increased gärna Jörgen geopolitcal tensions • Continued geopolitical tensions, including the war in the Middle East • Higher market prices for energy, freight and other input costs… • …but limited direct impact in Q1 thanks to timing, hedging and actions taken • Al
Slide 5: Capacity investments finalized – focus on utilization and optimization
Capacity investments finalized – focus on utilization and optimization Capital expenditure SEK million 2 000 Utilization and Utilization and Expansion Expansion optimization optimization 1 500 Expansion 1 000 capex: ~0 ~600 TBD 500 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2
Slide 6: Share gains, price and productivity offset currency headwind and cost increases
Share gains, price and productivity offset currency headwind and cost increases Sales volume Adjusted operating profit Adjusted operating margin ktonnes R12m SEK million R12m kSEK per tonne R12m 175 700 600 2 400 4 4 625 536 150 600 3,2 1 665 3,0 450 1 624 1 800 3 2,7 3 125 465 500 1 491 100 400 300
Slide 7: Financial overview Q1 2026
Financial overview Q1 2026 Q1 SEK million 2026 2025 Δ Sales volume, ktonnes 159.8 151.6 5.4% Net sales 8,237 7,233 13.9% Adjusted operating profit1 459 409 12.4% Adjusted operating profit per tonne, kSEK 2.9 2.7 0.2 Operating profit 459 409 12.4% Profit for the period 322 261 23.5% Earnings per shar
Slide 8: All-in aluminium price continued to increase, negatively affecting the net working capital
All-in aluminium price continued to increase, negatively affecting the net working capital All-in aluminium market price1 • Aluminium market price is a USD per pass-through and has limited tonne impact on operating profit 6 000 US • Working capital is affected by 5 000 the aluminium market price as
Slide 9: Increased net debt and leverage driven by the net working capital build-up
Increased net debt and leverage driven by the net working capital build-up Change in financial net debt SEK million 0 Operating cash flow 1.6x 1.8x SEK -333 million -1 000 -2 000 • Increased aluminium price SEK -550 million -3 000 • Seasonal build-up 666 -877 -4 000 -123 -10 -173 -4 067 -4 584 -5 00
Slide 10: Gränges Americas Q1 2026: Share gains compensated for a weak HVAC market
Gränges Americas Q1 2026: Share gains compensated for a weak HVAC market • Sales volume increased Sales volume Adjusted operating profit by 3% vs last year ktonnes R12m SEK million R12m • Adverse weather affected 75 300 400 1 600 production, but was offset by 234 241 1 230 good operational performan
Slide 11: Gränges Asia Q1 2026: Weak market demand and high price pressure
Gränges Asia Q1 2026: Weak market demand and high price pressure • Sales volume decreased Sales volume Adjusted operating profit by 2% vs last year1 ktonnes R12m SEK million R12m • Market share gains and 60 240 125 500 productivity improvements 204 partially offset lower market 100 400 45 180 demand
Slide 12: Gränges Europe Q1 2026: Strong sales growth driven by share gains
Gränges Europe Q1 2026: Strong sales growth driven by share gains • Sales volume increased Sales volume Adjusted operating profit by 16% vs last year1 ktonnes R12m SEK million R12m • Weak demand across all 60 198 240 150 600 markets compensated by share gains and new business 165 176 125 500 45 180
Slide 13: Sustainability Q1 2026: Continued performance improvement
Sustainability Q1 2026: Continued performance improvement • Continued reduction of Carbon emissions intensity Sourced recycled aluminium carbon emissions intensity tonnes CO2e/tonne R12m ktonnes R12m • Increased recycling volumes 14 Baseline 2021: 12.3 100 400 12 • SEK 600 million Green Bond 306 -48
Slide 14: Second-quarter outlook
Anna (gör förslag till Second-quarter outlook Oskar) • Market demand remains weak and difficult to predict • Mid-to-high single-digit sales volume growth expected, supported by continued market • Currency • Sales volume share gains • Scrap pricing • Price • Aim to continue offset negative external e
Slide 15: Record first quarter and strong momentum
Record first quarter and strong momentum • Market share gains across all regions and markets: 5% volume growth despite weak demand • Strong operational performance: flexibility and productivity • Strong financial performance, except cash flow • Excellent sustainability performance • Continued focus
Slide 16: Welcome to the Capital Markets Day 2026
Welcome to the Capital Markets Day 2026 • June 2, 2026, at 13:00-16:00 CEST • Kommendörsgatan 24 Stockholm • www.granges.com/investors/cmd-2026/ 16
Slide 17: Q&A
Q&A 17
Slide 18: GRANGES
GRANGES