Slide 1: Earnings Call Q1 2026
HENRIK HÖJER CEO EARNINGS CALL Q1 2026 First Quarter 2026 2026-04-28
Slide 2: Highlights Q1 2026
Highlights Q1 2026 1. Momentum in the OEM-market – Best quarter (in USD) since Q1 2020 2. Business environment for airlines deteriorated from Middle East conflict - high fuel prices and disruptions 3. CTT in a strong position to navigate turbulent environment 2
Slide 3: Q1 2026 Financials in short
Q1 2026 Financials in short +22% Net sales organic increase MSEK 22 but FX -10 = in total MSEK +12 ❑ Net sales increased to MSEK 66 (54) – Negative FX MSEK -10 ❑ EBIT amounted to MSEK 10 (4) - FX impacted MSEK -1 ❑ EBIT margin 15% (7) – Adjusted EBIT margin 19% +147% ❑ EPS 0.53 SEK (0.30) ❑ Operatin
Slide 4: Q1 2026 Net Sales Bridge and Mix
Q1 2026 Net Sales Bridge and Mix ❑ Aftermarket increased MSEK 12 – weak comparable quarter due to inventory reductions - no impact from inventory in Q126 ❑ OEM MSEK -1 due to strong comparable quarter with higher FX – Currency adjusted OEM increased 11% Sales Mix, % 66 54 4
Slide 5: Q1 2026 EBIT Bridge
Q1 2026 EBIT Bridge ❑ Positive sales volume increased EBIT with MSEK 12 ❑ Negative sales price resulted in EBIT decrease of MSEK 4 ❑ FX offset MSEK -1, whereof MSEK -7 from lower exchange rate on sales & MSEK +6 from AR/AP ❑ One-time costs of MSEK -2 burden the quarter MSEK 12 10 -4 -1 -1 4 5
Slide 6: Q1 2026 Cash Flow
Q1 2026 Cash Flow ❑ Operating cash flow of MSEK -9 (4) ❑ Working capital negative MSEK -17, due to AR payments pushed to Q2 2026 & inventory build up ❑ 1H 2026: Positive Operating cash flow 27 16 6
Slide 7: Q1 2026 Net Debt & ROCE
Q1 2026 Net Debt & ROCE ❑ Net debt amounting to MSEK 21 compared -29 MSEK in Q1 last year ❑ Cash MSEK 16 and in addition available credit facilities amounting to MSEK 57 ❑ Equity ratio 74% (73%) and Net Debt / (R12 EBITDA) 0.3 (-0.3) MSEK 7
Slide 8: Outlook Q2 and 2026
Outlook Q2 and 2026 Q2 guiding: Revenue in the second quarter is expected to increase (in USD) compared with the previous quarter but not exceed the comparable quarter last year. Updated 2026 outlook (in USD): Outlook 2026 (in Q425 report Updated April 2026 USD) OEM Sharp increase in OEM Sharp incre
Slide 9: Aftermarket Outlook
250 Aftermarket Outlook 243 233 200 187 150 167 147 100 124 ❑ Inventories in better balance in 2026 98 99 ❑ Higher 2026 sales (in USD) compared to 2025 50 72 ❑ Some but limited impact from flight disruptions due to Middle East conflict 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 ROLLING 4Q Quarte
Slide 10: OEM Outlook
200 OEM Outlook 150 166 126 100 104 1. Up-tick in deliveries in 2026 – Q2 better than Q1 83 50 2. Addressable market growing – tracking aircraft build-rates 40 53 35 3. Shipset content on A350s increasing gradually in 2026 0 25 20 2017 2018 2019 2020 2021 2022 2023 2024 2025 Quarterly sales ROLLING
Slide 11: Private jet Outlook
35 Private jet Outlook 30 25 32 30 20 21 ❑ Weak start in 2026 due VIP projects / development work - few 15 15 15 18 10 14 14 deliveries in 1H26 10 5 ❑ Airbus Corporate Jets (ACJ) front runs by promoting humidification 0 for ACJ320 Family, the ACJ TwoTwenty and the ACJ330 2017 2018 2019 2020 2021 202
Slide 12: Retrofit Anti-Condensation Outlook
Retrofit Anti-Condensation Outlook ❑ No OEM Availability – OEM is a requirement for scalable growth Net Sales ❑ Retrofit demand to drive OEM: 40 ❑ A320 operators to demand line-fit or post-delivery 35 35 modification – Focused efforts to win launch customers 30 30 ❑ Limited efforts to obtain STC for
Slide 13: Summary
Summary ↑ OEM deliveries growing – Strong outlook 2026/2027 ↑ Private jet establishing higher net sales base-line – but quarterly variations – slow start 1H26 ↑ Aftermarket sales higher than 2025 ↑ EBIT margin gradual recovery in 2026 (at current FX), driven by volumes 13
Slide 14: ke action for our future
ke action for our future Take ¢ Take up the challen “reduce every way YOU
Slide 15: We make flying a little better
WE MAKE FLYING A LITTLE BETTER THRIVE WITH HUMIDITY AT HEALTHY LEVEL 15