Ctt Systems Ab · OMXSTO:CTT
Ctt Systems Ab — Q3 2026 Earnings Presentation
17 slides from Ctt Systems Ab's earnings presentation, Oct 27, 2026
Slide 1: Earnings Call Q3 2026
HENRIK HÖJER MARKUS BERG CEO CFO EARNINGS CALL Q3 2026 Third Quarter 2026 2026-10-27
Slide 2: Highlights Q3 2026
Highlights Q3 2026 1. Strong aftermarket quarter - resilient and robust demand – another strong quarter for IP/spares 2. Momentum in the OEM-market – Demand robust - But uneven deliveries between Q3 / Q4 3. A350 selection rates continue to improve – airlines increase humidifiers in batches ahead 2
Slide 3: Q3 2026 Financials in short
Q3 2026 Financials in short +3% ❑ Net sales increased to MSEK 76 (74) – Positive FX MSEK 1 ❑ EBIT amounted to MSEK 23 (19) ❑ EBIT margin 30% (25) ❑ EPS 1.38 SEK (1.15) +24% ❑ Operating cash flow of 20 MSEK (33) +20% 3
Slide 4: Q3 2026 Net Sales Bridge and Mix
Q3 2026 Net Sales Bridge and Mix ❑ OEM sales unchanged due to pushed deliveries from Q3 to Q4 – underlying demand increased 6 MSEK ❑ Private jet, offset MSEK -7, strong comparable quarter ❑ Aftermarket increased MSEK 11, driven by growth on the back of a weak comparable quarter due to inventory effe
Slide 5: Q3 2026 EBIT Bridge
Q3 2026 EBIT Bridge ❑ FX positive MSEK +2, whereof MSEK +1 from higher exchange rate on sales & MSEK +1 from AR/AP ❑ Positive sales volume increased EBIT with MSEK 1 ❑ Positive sales mix resulted in EBIT increase of MSEK 2 ❑ Higher costs, mainly from sales related royalties & variable remuneration,
Slide 6: Q3 2026 Cash Flow
Q3 2026 Cash Flow ❑ Strong EBITDA - Operating cash flow amounted to MSEK 20 (33) ❑ Working capital negative MSEK 2, mainly due to AR increasing with higher sales ❑ Investments mainly in Nybro facility 27 12 6
Slide 7: Q3 2026 Net Debt & ROCE
Q3 2026 Net Debt & ROCE ❑ Net debt amounting to MSEK 20 compared 2 MSEK in Q3 last year ❑ Cash MSEK 27 and in addition available credit facilities amounting to MSEK 48 ❑ Equity ratio 72% (73%) and Net Debt / (R12 EBITDA) 0.3 (0.0) MSEK 7
Slide 8: YTD 2026 Financials in short
YTD 2026 Financials in short ❑ Net Sales increased 5% to 218 MSEK (208), currency adjusted +9% ❑ EBIT increased 16% to MSEK 47 (41) ❑ EBIT margin 22% (20) ❑ EPS increased 2% to 2.70 SEK (2.63) ❑ Operating cashflow amounted to MSEK 35 (41) Net Sales Bridge (MSEK) Sales Mix, % 218 8
Slide 9: Outlook Q426 and Full-Year 2026
Outlook Q426 and Full-Year 2026 Outlook Q426: Revenue (in USD) is expected increase versus Q326. Updated Full-Year 2026 Outlook (in USD): Outlook 2026 Q425 report Updated April 2026 (Q126 Report) Updated July 2026 (Q2 Report) Updated October 2026 (Q3 Report) (in USD) OEM Sharp increase in Sharp incr
Slide 10: Aftermarket Outlook
250 Aftermarket Outlook 243 233 200 187 150 167 147 ❑ Robust underlying demand growing, driven by population and utilization 100 124 98 99 ❑ IP/Spares strong demand 50 72 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Quarterly sales ROLLING 4Q 80 MSEK 275 MSEK 250 70 225 60 200 50 175 150 40 125 30
Slide 11: OEM Outlook
200 OEM Outlook 150 166 126 100 1. Deliveries pushed from Q3 to Q4 – approx. 6 MSEK – Weakening Q3 – 104 Strengthening Q4 50 83 2. Addressable market growing – tracking aircraft build-rates 35 40 53 25 3. CTT expected to grow faster as shipset content on A350s increase gradually 0 20 2017 2018 2019
Slide 12: A350: Higher Selection Rates Ahead
A350: Higher Selection Rates Ahead Aircraft to be built - Higher shipset content ❑ Airlines mirroring the 787 with humidifiers in FD and CRCs ❑ Airlines increasing by adding CRC (going from 1 to 2 - 3) ❑ Airlines fitting humidification in premium cabins (2 – 3 on top of humidifiers in FD and CRCs) 1
Slide 13: Private jet Outlook
35 Private jet Outlook 30 25 32 30 20 21 ❑ 2026 a transition and weak year - few deliveries due delayed projects 15 18 15 14 15 14 ❑ Airbus Corporate Jets (ACJ) is promoting humidification for ACJ320 Family, the 10 5 10 ACJ TwoTwenty and the ACJ330 0 ❑ Boeing Business Jets offers it as baseline conf
Slide 14: OEM – A sustainable growth driver
OEM – A sustainable growth driver 1. 15 Years since the fist Boeing 787 aircraft was delivered to ANA 2. Deliveries (end of September): 1,311 787s and 737 A350s 3. Backlog 1,178 787s and 887 A350s 1. Boeing 777-9 started ETOPS certification flights, and 2. several customer aircraft commenced the fli
Slide 15: Emerging Market: Humidifier Onboard
Emerging Market: Humidifier Onboard ❑ Qantas Sunrise Project A350ULR certification flights / delivery targeted April 2027 ❑ First A350-1000s entry-into-service in 2027 ❑ Boeing 777-9s specified with Humidifier Onboard First Class / Business Class 15
Slide 16: Take action for our future
ke action for our future Take ¢ Take up the challen ~reduce every way YOU Now!
Slide 17: We make flying a little better
WE MAKE FLYING A LITTLE BETTER THRIVE WITH HUMIDITY AT HEALTHY LEVEL 17