Slide 1: Q3 Interim report 2024: Increased market share drives profitable growth
Q3 Interim report 2024 Increased market share drives profitable growth
Slide 2: Another growth quarter in a slow market
Another growth quarter in a slow market • Sales volume increased by 7 percent to 123 ktonnes (115) • Weak automotive demand, but good recovery in other markets • Market share gains main growth driver • Productivity improvement and good metal management largely offset price pressure and wage inflatio
Slide 3: Stable markets and increased market share drove good growth
Stable markets and increased market share drove good growth Q3 2024 year-on-year sales volume growth Gränges Gränges Gränges Americas Eurasia Group Automotive → HVAC – Speciality packaging → Other niches Total → 3% 11% 7% >+3% → -3% to +3% <-3% 3
Slide 4: Shandong partnership close to completion
Shandong partnership close to completion • To strengthen competitiveness and enable further market share growth in Asia, • …Gränges will acquire large production facility from Shandong Innovation Group • … and gain access to scalable downstream Shandong Shanghai capabilities as well as good metal, e
Slide 5: Continued strong sustainability performance
Continued strong sustainability performance Carbon emissions intensity Sourced recycled aluminium • Continued reduction of carbon emissions intensity tonnes CO2e/tonne R12m ktonnes R12m 12 100 400 • Strong growth in recycling 11.4 Baseline 2017 volume and record-high 9.1 -33% 80 recycling share 9 8.
Slide 6: New business, cost productivity and improved metal management supported earnings
New business, cost productivity and improved metal management supported earnings Sales volume Adjusted operating profit Adjusted operating margin ktonnes R12m SEK million R12m kSEK per tonne R12m 150 600 500 2,000 4 4 481 483 466 400 125 450 1,500 3 3 1,492 3.1 3.1 1,443 300 1,136 2.4 100 300 1,000
Slide 7: Financial overview Q3 2024
Financial overview Q3 2024 Q3 January - September SEK million 2024 2023 Δ 2024 2023 Δ Sales volume, ktonnes 122.7 114.9 6.7% 375.5 355.5 5.6% Net sales 5,750 5,575 3.1% 17,322 17,551 -1.3% Adjusted operating profit1 420 439 -4.5% 1,247 1,290 -3.4% Adjusted operating profit per tonne, kSEK 3.4 3.8 -0
Slide 8: Reduced net debt and improved leverage in third quarter despite expansion investments
Reduced net debt and improved leverage in third quarter despite expansion investments Change in financial net debt SEK million -2,000 Adjusted cash flow before financing 1.3x 1.2x SEK 474 million 43 -81 -2,500 -119 631 -280 -2 -2,839 -3,000 -3,031 -3,500 Financial Adjusted Working Taxes Maintenance
Slide 9: Gränges Americas Q3 2024: Sales volume growth from new business gains
Gränges Americas Q3 2024: Sales volume growth from new business gains • Continued normalization of Sales volume Adjusted operating profit downstream inventory ktonnes R12m SEK million R12m 75 300 400 1,600 • Sales volume increased 248 3% vs last year supported 232 222 by new business gains 300 1,200
Slide 10: Gränges Eurasia Q3 2024: Market recovery and new business gains
Gränges Eurasia Q3 2024: Market recovery and new business gains • Stable demand from Sales volume Adjusted operating profit Automotive ktonnes R12m SEK million R12m 75 280 300 200 800 • Normalized inventory levels 255 257 in other niches in Europe 150 547 564 600 • Sales volume1 increased 50 200 by
Slide 11: Fourth-quarter outlook
Fourth-quarter outlook • Market demand remains hard to predict • Apparent weakness in automotive, but expected recovery in other markets • Continued focus on market share gain • Expect high-single-digit percentage sales volume growth compared to Q4 20231 • Aim to continue to offset price pressure an
Slide 12: Q&A
Q&A
Slide 13: GRANGES
GRANGES