Slide 1: Interim Report 1 April – 30 June 2024
INTERIM REPORT 1 APRIL – 30 JUNE 2024 Niklas Stenberg, President and CEO, and Malin Enarson, CFO
Slide 2: Quarter 1 Highlights
QUARTER 1 HIGHLIGHTS Net sales Good start to the fiscal year SEK 5,438 m, +7% Customer activity remained stable at high levels – organic sales growth 2% Strengthened profitability in all business areas EBITA growth of 19% - positive margin trend continued EBITA-margin Improved cash flow 15
Slide 3: Solid Quarter: Net Sales Development
QUARTER 1: NET SALES DEVELOPMENT SOLID QUARTER Net sales increased by 7% of which 2% organic − Customer activity stable at a high level − The market situation varied between different segments − Well-filled order backlog with good quality 3
Slide 4: Strengthened Profitability: EBITA Development
QUARTER 1: EBITA DEVELOPMENT STRENGTHENED PROFITABILITY 19% EBITA growth with a margin of 15.3% (13.7) − Improved margins in all business areas − Added value, improved product mix and more profitable acquisitions − Operating cash flow strengthened over the quarter − P/WC 71% (66) 4
Slide 5: Good Contributions Across the Board: Business Area Development
QUARTER 1: BUSINESS AREA DEVELOPMENT GOOD CONTRIBUTIONS ACROSS THE BOARD AUTOMATION ELECTRIFICATION ENERGY INDUSTRIAL SOLUTIONS PROCESS TECHNOLOGY Net sales SEK 910 m (897) +2% Net sales SEK 1,119 m (1,024) +9% Net sales SEK 1,459 m (1,428) +2% Net sales SEK 968 m (923) +5% Net sales SEK 987 m (824)
Slide 6: Positive Margin Trend Continues
POSITIVE MARGIN TREND CONTINUES 6
Slide 7: Improved Cash Flow
P (EBITA) / WC IMPROVED CASH FLOW 80% 70% 60% CO 50% Inventories vs Net sales 40% 30% 4,000 25% 20% 3,500 10% 20% 3,000 8 PPE 252! .P KLIP gO gS 2,500 15% PEL I LLLP PIPL LPL LS 9 PP FP PP 8 2,000 —P(EBITA) /WC ——Addtech Target 1,500 10% 1,000 5% Cash conversion 500 3,000 200% oO 0% 180% econ Ht Ht
Slide 8: Low Risk Balance Sheet
LOW RISK BALANCE SHEET Equity ratio 39% (38%) Leverage 1.4 (1.5) Gearing 0.7 (0.7) 8
Slide 9: High Pace of Acquisitions
HIGH PACE OF ACQUISITIONS Acquisition Business area Access Net sales, SEKm* Employees* Four companies acquired during Novomotec GmbH Electrification April 2024 80 9 the first quarter Cell Pack Solutions Ltd. Electrification April 2024 75 30 Three additional completed after GoDrive AS Industrial
Slide 10: Summary
SUMMARY Good start to the fiscal year High activity in all business areas Solid EBITA growth of 19% with margin at new record level Business situation varies between segments High acquisition pace - the international expansion continues Well filled orderbook of good quality Positive ou