Slide 1: Interim Report Q1-Q3 2024 Webcast Presentation
November 2024 Interim Report Q1-Q3 2024 Webcast Presentation NKT A/S | Interim Report Q1-Q3 2024 | Webcast | November 2024 | 1
Slide 2: Today's presenting team
Today’s presenting team Claes Westerlind Line Andrea Fandrup President & CEO CFO NKT A/S | Interim Report Q1-Q3 2024 | Webcast | November 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 Q3 2024
Key messages Q3 2024 Continued double-digit growth in revenue and operational EBITDA Organic revenue* growth Record-high operational SolidAl integration and Continued commercial of 25% driven by EBITDA of EUR 93m related investment to momentum in Applications satisfactory execution and despite being
Slide 5: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | Interim Report Q1-Q3 2024 | Webcast | November 2024 | 5
Slide 6: Financial performance in Q3 2024
Financial performance in Q3 2024 Continued double-digit growth in revenue* and operational EBITDA driven by Solutions Key developments in Q3 2024 Key financial highlights (EURm) ▪ Continued double-digit organic revenue* and operational EBITDA Revenue* growth in Solutions driven by overall satisfacto
Slide 7: Solutions – Q3 2024
Solutions – Q3 2024 NKT Solutions Applications Serv. & Acc. High organic growth in revenue* and operational EBITDA Q3 2024 financial highlights Customer 429m 42% 66m offerings ▪ High-voltage AC/DC off-/onshore power cable solutions Revenue*, EUR Organic growth Oper. EBITDA, EUR ▪ Organic growth of 4
Slide 8: High-voltage market development
High-voltage market development NKT Solutions Applications Serv. & Acc. Continued high level of market activity in the first three quarters of 2024 Key developments Latest notable order wins for NKT ▪ NKT estimates that the value of projects awarded in its addressable high- Size voltage power cable
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 Key developments: High-voltage order backlog (EURbn) High-voltage order backlog by customer (%) Other ▪ Order backlog of EUR 11.0bn provides st
Slide 10: Applications – Q3 2024
Applications – Q3 2024 NKT Solutions Applications Serv. & Acc. Revenue and operational EBITDA at satisfactory level Q3 2024 financial highlights Customer 183m -1% 14m offerings ▪ Medium-voltage power cables for distribution grid ▪ Low-voltage power cables and building wires ▪ Telecom and other speci
Slide 11: Service & Accessories – Q3 2024
Service & Accessories – Q3 2024 NKT Solutions Applications Serv. & Acc. Growth in revenue and operational EBITDA Q3 2024 financial highlights Customer 60m 25% 8m offerings ▪ High- and medium-voltage accessories ▪ Power cable services Revenue*, EUR Organic growth Oper. EBITDA, EUR ▪ Organic growth pr
Slide 12: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | Interim Report Q1-Q3 2024 | Webcast | November 2024 | 12
Slide 13: Income statement: Organic growth driven by Solutions
Income statement: Organic growth driven by Solutions Income statement highlights Key developments in Q3 2024 Q3 Q1-Q3 EURm 2024 2023 2024 2023 ▪ 25% organic growth mainly driven by 42% organic growth in Revenue 856 661 2,362 1,882 Solutions due to increased capacity from investments Revenue (Std. me
Slide 14: Cash flow: Negative cash flow driven by investments and working capital
Cash flow: Negative cash flow driven by investments and working capital Cash flow statement highlights Key developments in Q3 2024 Q3 Q1-Q3 EURm 2024 2023 2024 2023 ▪ Cash flow from operating activities negative EUR -19m as Cash flow from operating activities -19 150 671 404 positive development in
Slide 15: Balance sheet: Increase in working capital and capital employed
Balance sheet: Increase in working capital and capital employed Balance sheet highlights Key developments in Q3 2024 30 Sep 30 Jun 31 Dec ▪ Working capital increase versus end-Q2 2024 driven by Solutions EURm 2024 2023 2024 2023 2023 due to the phasing between milestone payments and project Working
Slide 16: Financial outlook for 2024
Financial outlook for 2024 The financial outlook for 2024 is maintained, but NKT now expects to conclude the year in the upper end of the ranges The financial outlook is based on several assumptions including: ▪ Satisfactory execution of high-voltage projects ▪ Stable market conditions in Applicatio
Slide 17: Key messages Q3 2024
Key messages Q3 2024 Continued double-digit growth in revenue and operational EBITDA Organic revenue* growth Record-high operational SolidAl integration and Continued commercial of 25% driven by EBITDA of EUR 93m related investment to momentum in Applications satisfactory execution and despite being
Slide 18: Questions & Answers
Questions & Answers NKT A/S | Interim Report Q1-Q3 2024 | Webcast | November 2024 | 18
Slide 19: Financial calendar 2025
Financial calendar 2025 2025 Event 21 February Annual Report 2024 For full list of 19 March Annual General Meeting Investor Relations events, please visit 9 May Interim Report, Q1 2025 investors.nkt.com 15 August Interim Report, H1 2025 19 November Interim Report, Q1-Q3 2024 NKT A/S | Interim Report