Detection Technology Oy · OMXHEX:DETEC
Detection Technology Oy — Investor Day (November 2025)
79 slides from Detection Technology Oy's investor day presentation, Nov 18, 2025
Slide 1: CMD 2025 Welcome
CMD 2025 Welcome
Slide 2: Agenda
Opening Hannu Martola Scanning Asia’s role in the world economy Guest speaker Tuuli Koivu Scanning DT2030 strategy Hannu Martola AGENDA Scanning the medical market Chen Wu Scanning the future Scanning the security and industrial markets as the most trusted Arve Lukander Scanning technologies and inn
Slide 3: Disclaimer: Forward-looking statements
Disclaimer This presentation contains forward-looking statements, including, but not limited to, statements regarding future financial performance, strategic objectives, market outlook, and other projections. Forward-looking These statements are based on current expectations and assumptions and invo
Slide 4: Scanning the future with you
Scanning the future with you Guest speaker Hannu Martola Chen Wu Arve Lukander Jyrki Still President and President, President, EMEIA and Chief Technology CEO APAC Business Unit Americas Business Units Officer Tuuli Koivu Chief Economist, Nordea Kai Utela Matti Nylander Sari Holopainen Juha Talasmäki
Slide 5: Scanning DT2030 strategy
Scanning DT2030 strategy Hannu Martola President and CEO
Slide 6: The most trusted partner imaging the unknown
The most trusted partner imaging the unknown We are a global provider of X-ray detector solutions. For people’s health and safety, we equip X-rays with quality detectors and service. Our trusted solutions are the first choice for medical, security and industrial imaging. Medical Security Industrial
Slide 7: One-stop-shopping for all detector needs
One-stop-shopping for all detector needs • Medical CT detectors • Security CT detectors • Line scan detectors • Flat panel detectors • Photon-counting detectors • Software (SW) • Services The world’s widest portfolio of off-the-shelf and modular building blocks for end-to-end X-ray detector solution
Slide 8: The big picture
The big picture 2,000,000,000+ daily scans powered by our technology 8,000,000+ solutions shipped 2,000,000+ CT solutions delivered 10+ % of the global population benefits from our solutions every day 10+ Fortune 500 listed companies trust us 500+ world-class brands protected by our expertise 8 18/1
Slide 9: DT2025: Missed targets but navigated challenges
DT2025: Missed targets but navigated challenges Market CAGR 1% 4% 108 105 Market was tough Total net sales (€M) 104 • Disruptions: Covid, supply chain, China security market, China medical reform, price war, and US tariffs drove down the market 99 • Low-cost rivals in China developed faster than exp
Slide 10: Risk mitigation
Risk mitigation Risk Nature Mitigating actions Escalating tensions may restrict market • Expand regional production footprint Geopolitics access and/or increase tariffs • “DT has a relative edge” • Leverage DT’s quality, compliance & western edge Chinese competitors may gain share with Fast-moving C
Slide 11: Digital X-ray detector market 2030
DIGITAL By application X-RAY DETECTOR By technology MARKET 2030 3.0 13% 5% 4% 14% 42% 4% € bn 34% 69% 15% Ageing population Medical Security Concerns Flat panel TFT Veterinary Quality and efficiency Flat panel CMOS Industrial Eco and circular economies Line scan and CT Security Lack of raw materials
Slide 12: DT target 2026-2030
DT target 2026-2030 We outgrow the market by driving customer success with smart, data-generating X-ray detectors and outstanding usability. 12 18/11/2025 Detection Technology | Capital Markets Day
Slide 13: DT's technological sweet spot
DT’s technological sweet spot Helping customers to € adopt emerging technology or mature ones with a new twist Unit price and cost Aggregate revenue Time Match for DT Research ADOPTION Maturity Phase-out High R&D costs and risks Customers call for tech- and Price-oriented cost game Often lucrative f
Slide 14: Strategic position: Trusted for flexibility and quality
Strategic position: Trusted for flexibility and quality Customer excellence Reach potential customers proactively, understand their needs and provide flexible customization DT’s ideal customer and high quality. • Explores technologies or applications that they are ››› less familiar, thus requiring c
Slide 15: Strategic levers
Strategic levers BASE TFT ADDED VALUE NEW TECH Continue to do what we Drive TFT flat panel Commercialize more value- Seek new opportunities do, better growth, across regions and added integrated HW-SW beyond current scope markets solutions to a broader (Photon counting & SW) customer base Being the
Slide 16: Financial targets
Financial targets › MEDIUM TERM MEDIUM TERM ANNUAL Annual Operating Dividend sales growth margin (EBITA) >10% 15% 30-60% 16 18/11/2025 Detection Technology | Capital Markets Day
Slide 17: Aim to achieve 3× market growth
Aim to achieve 3× market growth Average market CAGR ~3% 65 €M By application €M Total net sales (€M) TFT: Medical and industrial 20 +10 % 170 additional Medical, industrial: CT and line scan 20 sales by 2030 Security: CT and line scan 15 105* Security cargo 10 105 Acquisitions TOTAL 65 considered wi
Slide 18: Aims to outgrow the market
Aims to outgrow the market Drives TFT growth across regions and applications Achieves added-value through integration and SW Invests in photon counting for future That’s trust in action 18 18/11/2025 Detection Technology | Capital Markets Day
Slide 19: Scanning medical market
Scanning medical market Chen Wu President, APAC Business Unit
Slide 20: Scanning the medical market
Scanning the medical market
Slide 21: Medical market and its growth drivers
Medical market and its growth drivers 39% 27% Radiography Medical CT 2% CAGR to 2030 1.8 €bn › Aging populations Increasing capacity in Total addressable medical 15% emerging markets X-ray detector market in 2025 Shift to digital & Dental advanced tech 17% Others 2% Surgical 21 18/11/2025 Detection
Slide 22: Established market position in medical CT
Established market position in medical CT 15% Flat panels CT detector modules 20% 85% Flat panels PCCT detectors Share in medical CT by volume Medical CT Data combiner boards Subsystems Sales split by solution in 2024 22 18/11/2025 Detection Technology | Capital Markets Day
Slide 23: Position built on trust
Position built on trust TRUSTED FOR 60+ customers • High image quality with low-doses • Proven, reliable solutions 4/5 • One-stop-shopping for all needs largest medical imaging OEMS • Technology knowhow as customers 20% • R&D partnership • Global yet local customer service of all diagnostic CT scann
Slide 24: Recognition for excellence
Recognition for excellence Awarded among thousands of suppliers for innovation, quality, reliability, and strategic collaboration Proof of trusted partnership Reflects over 20 years, value-driven partnership Technology & operational leadership • Technology: Outstanding imaging performance • High qua
Slide 25: Medical business 2030: +20 M€
Medical business 2030: +20 M€ Flat panels: Medical CT Radiography, surgical • Strengthen legacy business and dental imaging via operational excellence • Expand TFT sales coverage • Innovate cost-efficient worldwide solutions • Leverage existing customer base • Improve agility and efficiency • Price
Slide 26: Scanning the China market
Scanning the China market
Slide 27: China – the largest & toughest market now and beyond
Net sales by region in 2024 China – the largest & toughest 6.1 % market now and beyond 26.7 % Americas APAC 67.2 % EMEA Staggered in recent years due to • COVID • Anti-corruption, and Net sales development of APAC (M€) • Economic slowdown 80 Signs of recovery 70 • Medical demand picking up 60 50 • A
Slide 28: Built on trust, expertise, and strong local capability
Built on trust, expertise, and strong local capability – DT keeps winning in • Presence in China since 1994 with local China’s challenging market sales, R&D, and manufacturing • One of the first detector vendors in China • Well-known and trusted by OEMs and 30% system integrators • Strong, self-sust
Slide 29: Trusted by the world's leading EV battery manufacturer
DT is trusted for Technical competence & agility: Ability to customize quickly and solve complex on-site challenges Customer service: 24/7 support, responding within 2 hours High imaging performance Competitive cost Trusted by the world’s leading EV battery manufacturer. Selected directly by the OEM
Slide 30: On track to a stronger market position in China by 2030
On track to a stronger market position in China by 2030 Leveraging its strong Strengthening its Being more brand associated long customer Chinese with reliability relationships in China 30 18/11/2025 Detection Technology | Capital Markets Day
Slide 31: Outgrow legacy market, expand TFT, invest in photon counting
Outgrow legacy market Expand TFT business Invest in photon counting CT Strengthen competitiveness in China That’s trust in action 31 18/11/2025 Detection Technology | Capital Markets Day
Slide 32: Scanning the security and industrial markets
Scanning the security and industrial markets Arve Lukander President, EMEIA and Americas Business Units
Slide 33: Scanning the security market
Scanning the security market
Slide 34: Security market and its growth drivers
Security market and its growth drivers 35% 35% Cargo Aviation 3% inspection security CAGR to 2030 300 M€ Vehicles, trains & Carry-on and hold containers baggage & air cargo Aviation up 5% Total addressable X-ray Urban threats 30% detector market in 2025 Border control Urban security Transport hubs,
Slide 35: Established market position in security
Established market position 55% 40% Security CT detectors Security CT Line scan 17% Line scan detectors Linear detector arrays Detector boards Data combiner Global market boards share in 2024 Software 5% Services Cargo Sales split by solution in 2024 35 18/11/2025 Detection Technology | Capital Mark
Slide 36: Position built on trust
Position built Trusted by leading players on trust 100+ customers TRUSTED FOR • Knowing what works in real-world 8/10 largest manufacturers • Leveraging CT technology from medical 3/4 leading security CT players • Product quality, PPM < 50 • Customer support, NPS 70 8/10 top line-scan manufacturers
Slide 37: Carry-on baggage CT demand drives growth over the next decade
Carry-on baggage CT demand drives growth over the next decade Europe 30% deployed 724 systems by 10/2025 2,000+ systems total USA 50% deployed 1,300 systems by 10/2025 2,400 by 2027 Rest of the world • Japan, Korea, Singapore, Hong Kong and other 15–20% developed countries 30% deployed • China: 400
Slide 38: DT2030 security business: +25 M€
DT2030 security business: +25 M€ Aviation Cargo inspection Urban security Aviation & cargo driving the growth • Security CT: Strong position & • Expand business with the new • Introduce the cost-efficient pipeline for established and high-performance X-Cargo AVA One for the value emerging players pl
Slide 39: Scanning the industrial market
Scanning the industrial market
Slide 40: Industrial market and its growth drivers
Industrial market and its growth drivers 10% Sorting & 5% mining 20% 25% Battery CAGR to 2030 NDT / CT 300 M€ inspection EV batteries Energy storages (BESS) Total addressable X-ray detector market in 2025 25% 20% Recycling Defence Oil, gas & Food electronics inspection 40 18/11/2025 Detection Techno
Slide 41: Established market position in line scans
Established market position in line scans 85% 15% 6% Line scan Flat panels 50 M€ Global line scan Global market market share in 2024 250 M€ 30% Global flat panel market Market share in line scan Sales split by solution in 2024 41 18/11/2025 Detection Technology | Capital Markets Day
Slide 42: Position built on trust
Position built on trust Trusted by leading players 200+ customers TRUSTED FOR • The broadest off-the-shelf portfolio 1/2 largest battery manufacturers • Application knowhow • Product quality, PPM < 50 3/6 largest line scan NDT companies • Customer support, NPS 70 • Best value for right cost 3/4 larg
Slide 43: EVs and energy storages driving strong demand in battery inspection
+20% Over annual growth in battery cell demand for EVs and Battery Energy Storage Systems (BESS) over next 5 years 10+ Detectors / production line EVs and energy storages driving strong demand in 24/7 Production wears out detectors, offering battery inspection aftermarket revenue for DT 43 18/11/202
Slide 44: Industrial business 2030: +20 M€
Industrial business 2030: +20 M€ Battery inspection and TFT flat panels as main growth drivers • Expand TFT sales coverage worldwide • Introduce industrial photon-counting • Provide added-value with SW • Promote EU origin 44 18/11/2025 Detection Technology | Capital Markets Day
Slide 45: Secure security CT growth, drive industrial TFT sales
Secure growth in security CT Drive industrial TFT sales globally Expand sales with the new cargo platform Add value with SW That’s trust in action 45 18/11/2025 Detection Technology | Capital Markets Day
Slide 46: Scanning technologies & innovations
Scanning technologies & innovations Jyrki Still CTO
Slide 47: Trusted in the field for 30+ years
20% global market share in medical and security CT Trusted in 20+ the field for years FDA-approved CT solutions 30+ years 100% in-house development of core technologies 11% of net sales reinvested into R&D drives next-gen innovation 47 18/11/2025 Detection Technology | Capital Markets Day
Slide 48: Balanced portfolio and R&D drive revenue growth
Balanced portfolio and R&D drive revenue growth • High barriers to entry and stable revenue from regulated markets and long lifecycles • Diversified portfolio across mature and emerging technologies • Resilient global core — R&D in China, Finland and France for sustainable growth and risk balance 48
Slide 49: Technology adoption
Portfolio covering all stages of technology adoption • Line scan • CT • a-Si-TFT Technology aadoption • IGZO-TFT • CMOS • Data-driven solutions • Photon counting Invention Emergence Early Growth Maturity Saturation Decline adoption 49 18/11/2025 Detection Technology | Capital Markets Day
Slide 50: Driving competitiveness with efficiency and smart features
CT and line scan portfolios Driving competitiveness with efficiency and smart features BASE • Focus on operational excellence & cost leadership in a commoditizing market • Modularity & local development for agility and speed • AI & algorithms for cost efficiency and differentiation AVA Advanced. Ver
Slide 51: Expanding into the high-volume a-Si-TFT segment
Expanding into the high-volume a-Si-TFT segment TFT 60+ flat panel portfolio as a scalable, cost effective customization platform X-Panel 43108: The largest Automotive and fastest flat panel for Aerospace single-scan imaging of large Defence objects. 51 18/11/2025 Detection Technology | Capital Mark
Slide 52: IGZO-TFT platform scaling fast to meet demand
• High image quality & speed for advanced 3D imaging (e.g. in battery, electronics, dental and surgery) TFT • Platform-approach supports both custom and standard solutions • Rapid adoption and production ramp-up underway • 9/60+ panels already IGZO-based • Qualified by leading battery manufacturers
Slide 53: CMOS: The next wave of growth
CMOS: The next wave TFT of growth • Highest resolution & speed of all flat panels • Focus on high-value dynamic 3D applications • Poised for expansion into advanced medical & industrial imaging (e.g. battery, electronics, surgery, and mammography) 53 18/11/2025 Detection Technology | Capital Markets
Slide 54: Value-adding integration unlocking new opportunities
Detector modules Value-adding ADDED VALUE integration unlocking new opportunities SW Data algorithms acquisition AI EASILY boards • Scalable detector platforms with SCALABLE integrated software BUILDING • Algorithms & AI enhance image quality BLOCKS and enable low-dose, high-quality 3D imaging • Int
Slide 55: Photon counting: Adopting the next X-ray imaging revolution
Photon counting detectors NEW TECH Photon counting: Adopting the next X-ray imaging revolution • Next leap in X-ray imaging – lower dose, higher resolution • Superior material discrimination – opens possibilities for functional imaging • Validated technology – Siemens paved the way for adoption Imag
Slide 56: Proven leadership, scalable platforms, photon counting
Proven leadership & market position Scalable platforms for growth Well-equipped for photon counting Explore software That’s trust in action 56 18/11/2025 Detection Technology | Capital Markets Day
Slide 57: Scanning manufacturing footprint
Scanning manufacturing footprint Kai Utela Vice President, Operations
Slide 58: Asset light
Asset light High-precision photodiode-chip assembly Scintillator 4 pcs Photodiode 500 pcs PCBA 1 pcs Assembly accuracy and flatness precision few µm 58 18/11/2025 Detection Technology | Capital Markets Day
Slide 59: Quality & cost
QUALITY & COST Flexibile and resilient manufacturing — easy to relocate 59 18/11/2025 Detection Technology | Capital Markets Day
Slide 60: Lean
LEAN Toyota Production System • Reduce waste • Continuous improvement Quality with low cost Industry leader + Six Sigma 60 18/11/2025 Detection Technology | Capital Markets Day
Slide 61: PPM < 50
Culture of improvement for tangible results Lean Six Sigma AI. Driving productivity, quality, and sustainable margin improvement. Quality first. Safety first. On-time second. PPM < 50 >1,700 reflecting world-class product quality Kaizens annually EcoVadis = 63 61 18/11/2025 Detection Technology | Ca
Slide 62: Global yet local
Global yet local Oulu, Finland Beijing, China • 2024 • 2015 • 2,500 m² • 4,000 m² Modular • ISO 7 • ISO 7 Easily scalable Wuxi, China Delhi, India • 2019 • 2025 • 6,000 m² • 400 m² • ISO 7 62 18/11/2025 Detection Technology | Capital Markets Day
Slide 63: Resilient global supply chain
Resilient global supply chain • Global sourcing Oulu, Finland • Dual supplier strategy EU–USA China–EU • Key subcontracting from 3–5 days 3–5 days APAC and EMEIA Tariffs Tariffs Made in EU Made in China Boston, USA Beijing, China China–USA ~ 9 days Wuxi, China Tariffs Made in China Delhi, India DT f
Slide 64: Made in India for local customers
Made in India for local customers From project kick • Greater Delhi area since 2025 off to first • Provides local products product in • Assembly and testing 6 months • Customer service • 400 m² • DT Lean 64 18/11/2025 Detection Technology | Capital Markets Day
Slide 65: Agility, quality, lean: resilient global supply chains
Agility: Made in China – EU - India Quality: PPM < 10 Lean: 12 Kaizens / person / year Resilient global supply chains That’s trust in action. 65 18/11/2025 Detection Technology | Capital Markets Day
Slide 66: Scanning financials
Scanning financials Matti Nylander CFO
Slide 67: Market disruptions presenting challenges
Market disruptions presenting challenges Three application areas with common technologies provide resilience • Security impacted by regulatory challenges China medical COVID-19 hits • Medical recovering Net sales reform security • FX reducing reported (€M) sales in EUR APAC security …and boosts driv
Slide 68: Quarterly fluctuation stabilizes in 12 months
Quarterly fluctuation stabilizes in 12 months Net sales (€M) 35 31 32 30 28 27 27 26 25 25 25 24 25 23 23 13 23 14 22 20 9 11 11 Security 9 11 8 20 7 10 10 6-14 M€ 9 10 8 31-44% of total 6 15 Medical 15 13 13 13 11 9-15 M€ 10 12 9 11 11 10 12 11 11 10 36-54% of total 10 5 Industrial 5 5 5 5 6 3-6 M€
Slide 69: Exchange rate fluctuations impact revenue, profits naturally hedged
Exchange rate fluctuations impacts revenue, profits naturally hedged Americas in USD Personnel & Materials & other operating services: EMEIA mainly expenses: >50% majority in in EUR in CNY & USD CNY & USD Revenue Costs APAC in CNY & USD Example: EUR appreciates 3% against CNY & USD Majority of costs
Slide 70: Main margin-% driver: Application mix
Main margin-% driver: Application mix Industrial • Above average gross margins Security • Below average operational • Above average gross margins efficiency with smaller • Varying operational efficiency customers and lower volumes Revenue Country mix (example) • Intense competition in low- end line
Slide 71: Cash position, cash flow and capital allocation
Cash position, cash flow and capital allocation Strong net cash position provides Continuous cash flow from Asset-light business model resilience for market turbulence operations enables investments facilitates efficient scaling of and ability to seize opportunities for growth business -13 15 -19 -2
Slide 72: Continuous dividends and attractive ROI against peer group
Continuous dividends and attractive ROI against peer group 0.76 0.64 0.50 0.47 17% 0.38 15% 0.35 0.35 14% 0.28 10% 0.23 8% 0.20 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Earnings per share Dividend or capital repayment ROI-% Peer group average ROI below 10% in 2023-2024 (Hamamatsu Photonics,
Slide 73: Aim to achieve 3× market growth
Aim to achieve 3× market growth Average market CAGR ~3% 65 €M By application €M Total net sales (€M) TFT: Medical and industrial 20 +10 % 170 additional Medical, industrial: CT and line scan 20 sales by 2030 Security: CT and line scan 15 105* Security cargo 10 105 Acquisitions TOTAL 65 considered wi
Slide 74: EBITA-% improvement fuelled by the DT2030 strategy
EBITA-% improvement fuelled by the DT2030 strategy Top line growth driven profitability improvement More value-added integrated 10% HW-SW solutions 15% EBITA EBITA New opportunities including 2025E photon counting and software 2026-2030 Analyst consensus Continuous efficiency improvements 74 18/11/2
Slide 75: Faster than market growth; strong cash position
Faster than market growth since the Covid-19 market reset Strong cash position and cash flow from operations provide resilience and enable growth investments and dividends Growth areas identified, profitability driven by growth and strategic actions That’s trust in action 75 18/11/2025 Detection Tec
Slide 76: Summary
Summary Hannu Martola President and CEO 76 18/11/2025 Detection Technology | Capital Markets Day
Slide 77: Strategic levers
Strategic levers BASE TFT ADDED VALUE NEW TECH Continue to do what we Drive TFT flat panel Commercialize more value- Seek new opportunities do, better growth, across regions and added integrated HW-SW beyond current scope markets solutions to a broader (Photon counting & SW) customer base Being the
Slide 78: Targeting double-digit growth and profitability
Targeting double-digit growth and profitability Strong financial position Asset-light business model Investing in future Agile & resilient global footprint That’s trust in action 78 18/11/2025 Detection Technology | Capital Markets Day
Slide 79: Q&A
Q&A
Detection Technology Oy — Investor Day (November 2025) on 6ix