Rockwool A/s Class A · OMXCOP:ROCK_A
Rockwool A/s Class A — Shareholder Meeting (April 2026)
46 slides from Rockwool A/s Class A's shareholder meeting presentation, Apr 15, 2026
Slide 1: Annual General Meeting
Annual General Meeting 15 April 2026 Annual General Meeting | 15 April 2026 | ROCKWOOL A/S
Slide 2: Agenda
Agenda 1. The board of directors’ report on the company’s activities during the past financial year 2. Presentation of annual report with auditors’ report 3. Adoption of the annual report for the past financial year and discharge of liability for the management and the board of directors 4. Presenta
Slide 3: Agenda item 1 and 2
Agenda item 1 and 2 The board of directors’ report on the company’s activities during the past financial year and presentation of annual report with auditors’ report Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 3
Slide 4: Annual General Meeting
Annual General Meeting 15 April 2026 Annual General Meeting | 15 April 2026 | ROCKWOOL A/S
Slide 5: Agenda
Agenda 1 2 3 Safety – our top The green priority Global context transition 4 5 6 7 Financial results 2025 Outlook 2026 Other topics Questions Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 5
Slide 6: Improving on safety
Improving on safety 2024 2025 FY FY 1 2 11% Fatalities 1 5 Serious incidents 69 65 Lost time incidents Improvement 59 65 Restricted work incidents in LTI1 rate 133 129 Medical treatment incidents compared to 312 344 Near misses full year 2024 7673 9295 Good catches but still not on target (2.0) 2.7
Slide 7: Russia installs external administration
Russia installs external administration Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 7
Slide 8: Global context – U.S. and Europe
Global context – U.S. and Europe ▪ Significant economic and political turmoil in the international markets in which ROCKWOOL operates. ▪ Good growth in the U.S. market, where we are building a new factory in Washington state and expanding capacity in Mississippi. ▪ Geopolitical and economic uncertai
Slide 9: Flumroc production restarted in January
Flumroc production restarted in January Root cause: ▪ Melt gate malfunction Key learnings: ▪ Safety procedures and organisation worked as intended ▪ Building’s fire-safety design and furnace safety systems performed as intended, preventing critical damage ▪ Fundamental design of the melter remains s
Slide 10: The global green transition
The global green transition ▪ Discussion on sustainability is evolving beyond climate change and CO2 reduction to include other issues. ▪ Energy efficiency is about climate as well as security of supply: using less energy makes Europe more independent of imported fuels. ▪ Renovating European buildin
Slide 11: ROCKWOOL's own green transition
ROCKWOOL’s own green transition Decarbonisation progress Stronger climate ahead of plan commitments ▪ Achieved 2030 CO₂ emission ▪ Strengthening near-term (2034) intensity target ahead of scheduled SBTi targets to align with the more (2024) and set a more ambitious ambitious 1.5oC trajectory. goal i
Slide 12: 2025 investment activities
2025 investment activities Investments excluding acquisitions were 473 MEUR for 2025, up 86 MEUR compared to 2024. ▪ In 2025, the largest investments related to the factory projects in the United States and India as well as the additional capacity in Romania. ▪ Sustainability investments related to
Slide 13: 2025 highlights
2025 highlights RW-NC, Flexibatts installation new built single-family home Group revenue Revenue increase in local currencies 3,877 MEUR 2.7% excl. Russia up 0.6% in reported figures Group revenue up 1.1% in local currencies EBIT (before Russian value adjust.) EBIT margin (before Russia value adjus
Slide 14: 2025 regional revenue development
2025 regional revenue development Growth in local North +5.0% Western +1.5% Eastern Europe -3.4% Asia 0% currencies America Europe and Russia and others Growth in in both local currencies and one percent down in two percent down in reported stable in reported figures reported figures reporte
Slide 15: 2025 financial results by business segment
2025 financial results by business segment Insulation segment Systems segment +1.5% -2.6pp -0.5% -2.7pp Revenue EBIT margin Revenue EBIT margin Insulation revenue: 3,206 MEUR, Insulation EBIT margin: 14.0 Systems revenue: 671 MEUR, Systems EBIT margin: 12.2 an increase of 1.5 percent in loca
Slide 16: Outlook 2026
Outlook 2026 1 Revenue growth between 2-4 percent in local currencies 2 EBIT margin between 13-14 percent 3 Investments around 650 MEUR excluding acquisitions Acoustic Lab, Hedehusene, Denmark Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 16
Slide 17: ROCK-B share price evolution
ROCK-B share price evolution 1 January to 31 December 2025 1 Jan 2025 DKK 255.20 31 Dec 2025 DKK 225.40 -12% Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 17
Slide 18: Remuneration Report 2025
Remuneration Report 2025 ▪ Fee to the Board of Directors for 2025 totaled 844 KEUR. ▪ Remuneration to the Registered Directors for 2025 totaled 4,323 KEUR. Remuneration KEUR 4,084 One-time 4.208 4.323 800 844 2024 2025 2024 2025 Fee Board of Directors Remuneration Registered Directors Annual General
Slide 19: Thank you!
Thank you! Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 19
Slide 20: Questions?
Questions? Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 20
Slide 21: Agenda item 1 and 2
Agenda item 1 and 2 The board of directors’ report on the company’s activities during the past financial year and presentation of annual report with auditors’ report Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 21
Slide 22: Agenda item 3
Agenda item 3 Adoption of the annual report for the past financial year and discharge of liability for the management and the board of directors Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 22
Slide 23: Agenda item 3
Agenda item 3 • The board of directors proposes that the annual report is approved. • The board of directors proposes that the management and the board of directors are discharged from liability. Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 23
Slide 24: Agenda item 4
Agenda item 4 Presentation of and advisory vote on remuneration report Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 24
Slide 25: Agenda item 5
Agenda item 5 Approval of the remuneration of the board of directors for 2026/2027 Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 25
Slide 26: Approval of the remuneration of the board of directors for 2026/2027
Agenda item 5 Approval of the remuneration of the board of directors for 2026/2027 Under article 15.f of the Articles of Association, the general meeting determines the annual remuneration of the members of the board of directors. Chair of the board of directors DKK 1,410,000 Deputy Chair of the boa
Slide 27: Agenda item 6
Agenda item 6 Allocation of profits according to the adopted accounts Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 27
Slide 28: Agenda item 6
Agenda item 6 • The board of directors proposes a distribution of dividends for the financial year 2025 of 4.15 DKK (0.56 EUR) per share of a nominal value of 1 DKK. • The dividend will be paid on 20 April 2026 after approval by the general meeting. Annual General Meeting | 15 April 2026 | ROCKWOOL
Slide 29: Agenda item 7
Agenda item 7 Election of members to the board of directors Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 29
Slide 30: Board of directors
Board of directors Thomas Kähler Chair ▪ Member of the Chairmanship and Audit Committee, and Chair of the Remuneration and Nomination Committee ▪ Member of the Kähler Family Meeting ▪ Chair of the Board of Metier Westergaard A/S ▪ Director and member of the Board of DURAPOR A/S ▪ Chair of the Board
Slide 31: Board of directors
Board of directors Jørgen Tang-Jensen Deputy Chair ▪ Member of the Chairmanship and the Remuneration and Nomination Committee ▪ Member of the Boards of VKR Holding A/S, VILLUM FONDEN and Maj Invest Holding A/S (and two fully owned subsidiaries) ▪ Chair of the Board of Tænketanken Europa (Think Tank
Slide 32: Board of directors
Board of directors Rebekka Glasser Herlofsen Member of the board of directors ▪ Chair of the Audit Committee ▪ Member of the Boards and Chair of Audit Committees of Egmont Fonden and Egmont International Holding A/S ▪ Chair of the Board and Chair of the Remuneration Committee of Norwegian Hull Club,
Slide 33: Board of directors
Board of directors Carsten Kähler Member of the board of directors ▪ Member of the Kähler Family Meeting ▪ Member of the Board of the Fahu Foundation, Denmark Carsten Kähler has competencies and experience gained within both global and Danish legal and accounting companies that will be useful in gen
Slide 34: Board of directors
Board of directors Ilse Irene Henne Member of the board of directors ▪ Member of the Executive Board of thyssenkrupp AG and Chief Executive Officer (CEO) of thyssenkrupp Materials Services ▪ Member of the Baden-Badener Unternehmer Gesprache e.V., Klasse 135, Germany ▪ Member of the Board and member
Slide 35: Board of directors
Board of directors Claes Westerlind Member of the board of directors ▪ President and CEO, NKT A/S ▪ Member of the Audit Committee Claes Westerlind has extensive experience with strategic management of international companies and a strong understanding of corporate management, strategy, marketing and
Slide 36: Board of directors
Board of directors Connie Enghus Theisen Elected by the employees ▪ Senior Group Advisor, ROCKWOOL A/S Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 36
Slide 37: Board of directors
Board of directors Christian Westerberg Elected by the employees ▪ Senior Project Manager, ROCKWOOL A/S ▪ Member of the Board of the ROCKWOOL Foundation Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 37
Slide 38: Board of directors
Board of directors Janni Munkholm Nielsen Elected by the employees ▪ Project assistant, ROCKWOOL Danmark A/S Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 38
Slide 39: Annual General Meeting | 15 April 2026 | ROCKWOOL A/S
Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 39
Slide 40: Agenda item 8
Agenda item 8 Appointment of auditors Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 40
Slide 41: Agenda item 8
Agenda item 8 • The board of directors proposes re-appointment of PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab (PwC) as auditor of the company in accordance with the Audit Committee’s recommendation in respect of statutory financial and sustainability reporting. • The Audit Commit
Slide 42: Agenda item 9
Agenda item 9 Proposals from the board of directors or shareholders Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 42
Slide 43: Agenda item 9a
Agenda item 9a Authorisation to acquire own shares: • The board of directors proposes that the general meeting authorises the board of directors to allow the company to acquire own shares during the period until the next annual general meeting, i.e. class A shares as well as class B shares, of a tot
Slide 44: Agenda item 9b
Agenda item 9b Reduction of the company’s share capital for the purpose of cancelling own shares: • The board of directors proposes a reduction of the company’s share capital from nominally 211,605,790 DKK to nominally 207,259,230 DKK by cancellation of repurchased class B shares of nominally 4,346,
Slide 45: Agenda item 10
Agenda item 10 Any other business Annual General Meeting | 15 April 2026 | ROCKWOOL A/S 45
Slide 46: Annual General Meeting
Annual General Meeting 15 April 2026 Annual General Meeting | 15 April 2026 | ROCKWOOL A/S