Slide 1: Interim Report H1 2024 Webcast Presentation
Fe, ~#H12024° Interim Repo a ae Webcast Presentatio Dn EE
Slide 2: Today's presenting team
Today’s presenting team Claes Westerlind Line Andrea Fandrup President & CEO CFO NKT A/S | Interim Report H1 2024 | Webcast | August 2024 | 2
Slide 3: Forward looking statements
Forward looking statements This presentation and related comments contain forward- looking statements. Such statements are subject to many uncertainties and risks, as various factors of which several are beyond NKT A/S’ control, may cause that the actual development and results differ materially fro
Slide 4: Key messages Q2 2024
Key messages Q2 2024 Continued double-digit growth in revenue and operational EBITDA and strong strategic progress Organic revenue* growth Free cash flow of EUR Divestment of NKT Acquisition of SolidAl to of 29% converted to 398m driven by higher Photonics marked the final address growing demand, re
Slide 5: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | Interim Report H1 2024 | Webcast | August 2024 | 5
Slide 6: Financial performance in Q2 2024
Financial performance in Q2 2024 Growth in operational EBITDA driven primarily by Solutions and Applications Key developments in Q2 2024 Key financial highlights (EURm) ▪ Double-digit growth in revenue and operational EBITDA in Revenue* Solutions driven by overall satisfactory execution, continued h
Slide 7: Solutions – Q2 2024
Solutions – Q2 2024 NKT Solutions Applications Serv. & Acc. High organic growth in revenue and operational EBITDA Q2 2024 financial highlights Customer 379m 33% 67m offerings ▪ High-voltage AC/DC off-/onshore power cable solutions Revenue*, EUR Organic growth Oper. EBITDA, EUR ▪ Organic revenue grow
Slide 8: High-voltage market development
High-voltage market development NKT Solutions Applications Serv. & Acc. Continued high level of market activity in the first half of 2024 Key developments Recent notable order wins for NKT Size ▪ NKT estimates that the value of projects awarded in its addressable high-voltage Name Announced (EURm) T
Slide 9: High-voltage order backlog composition
High-voltage order backlog composition NKT Solutions Applications Serv. & Acc. Diversified customer and project portfolio provide strong earnings visibility High-voltage order backlog (EURbn) High-voltage order backlog by customer (%) Key developments: Other ▪ Order backlog of EUR 11.3bn provides <2
Slide 10: Applications – Q2 2024
Applications – Q2 2024 NKT Solutions Applications Serv. & Acc. Revenue and operational EBITDA at satisfactory level Q2 2024 financial highlights Customer 175m 3% 21m offerings ▪ Medium-voltage power cables for distribution grid ▪ Low-voltage power cables and building wires ▪ Telecom and other specia
Slide 11: Service & Accessories – Q2 2024
Service & Accessories – Q2 2024 NKT Solutions Applications Serv. & Acc. Growth in revenue and operational EBITDA Q2 2024 financial highlights Customer 64m 19% 5m offerings ▪ High- and medium-voltage accessories ▪ Power cable services Revenue*, EUR Organic growth Oper. EBITDA, EUR ▪ Revenue growth dr
Slide 12: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | Interim Report H1 2024 | Webcast | August 2024 | 12
Slide 13: Income statement: Organic growth driven by Solutions and Applications
Income statement: Organic growth driven by Solutions and Applications Income statement highlights Key developments in Q2 2024 Q2 H1 ▪ 29% organic growth driven by contributions from all business EURm 2024 2023 2024 2023 lines, Solutions contributed with 33% organic growth Revenue 802 631 1,506 1,221
Slide 14: Cash flow: Significant net cash flow in Q2 2024
Cash flow: Significant net cash flow in Q2 2024 Cash flow statement highlights* Key developments in Q2 2024 Q2 H1 ▪ Cash flow from operating activities of EUR 642m driven by EURm 2024 2023 2024 2023 a higher earnings contribution and a favourable development in Cash flow from operating activities 64
Slide 15: Balance sheet: Increase in working capital and decreased leverage
Balance sheet: Increase in working capital and decreased leverage Balance sheet highlights Key developments in Q2 2024 ▪ Working capital decrease versus end-Q1 2024 driven by favorable 30 Jun 31 Mar 31 Dec development in Solutions, partially offset by increase in Applications EURm 2024 2023 2024 202
Slide 16: Financial outlook for 2024
Financial outlook for 2024 Financial outlook updated on 11 July 2024 following strong H1 performance The financial outlook is based on several assumptions including: ▪ Satisfactory execution and development of high-voltage investments and projects without major disruptions ▪ Stable market conditions
Slide 17: Key messages Q2 2024
Key messages Q2 2024 Continued double-digit growth in revenue and operational EBITDA and strong strategic progress Organic revenue* growth Free cash flow of EUR Divestment of NKT Acquisition of SolidAl to of 29% converted to 398m driven by higher Photonics marked the final address growing demand, re
Slide 18: Questions & Answers
Questions & Answers NKT A/S | Interim Report H1 2024 | Webcast | August 2024 | 18
Slide 19: Financial calendar 2024
Financial calendar 2024 2024 Event 14 November Interim Report, Q3 2024 For full list of Investor Relations events, please visit investors.nkt.com NKT A/S | Interim Report H1 2024 | Webcast | August 2024 | 19