Slide 1: First quarter 2025
First quarter 2025 David Pagels, CEO Joakim Wahlquist, CFO
Slide 2: Cavotec – 50 years of innovation
Cavotec – 50 years of innovation - A leading cleantech company with 50 years of experience - Designs and delivers connections, automation and electrification solutions - Enables decarbonisation of ports, mines and other industrial applications Slide 2
Slide 3: An attractive offering in electrification
An attractive offering in electrification Ports & Maritime Industry Share of revenue Q125 43% 57% Ports & Maritime Industry Automated mooring, shore power, crane Motorised cable and hose reels, radio remote electrification, and connection and charging controls, power connectors, spring driven system
Slide 4: Strong business drivers
Strong business drivers Leading technology and Megatrends Regulations Large installed base market position Markets driven by the electrification Our customers are facing increasing We have leading technology and Our large installed base provides an of society and need to reduce noise regulations fro
Slide 5: The quarter reflects our project-driven business
The quarter reflects our project-driven business Strengthened financial position Revenue Operating Net debt EUR 38.7 m cash flow EUR -11.6 m -9.8% EUR 5.4 m (0.05) (-15.3 year-end) Slide 5
Slide 6: Offering strengthened with new products
Offering strengthened with new products - Next generation radio remote controls - Designed for flexibility, reliability, and ergonomic comfort - Redefine operator control in demanding industrial environment - MCS Manual Dispenser - Supports the Megawatt Charging System (MCS) for high-power charging
Slide 7: Our exposure to trade tariffs
Our exposure to trade tariffs - Revenue less than 10% in the US - Majority of the business is service, provided by our local organisation - We can start production in the US if needed Slide 7
Slide 8: Weaker order intake after a strong fourth quarter
Weaker order intake after a strong fourth quarter EUR m Order intake 70 - Order intake -28.3%, EUR 28.6 m (39.9) 60 - Orders worth more than EUR 17.5 m signed 50 40 late 2024, announced early 2025 30 20 - Order backlog -3.6%, EUR 116.2 m (120.5) 10 - Order backlog -8.0% from EUR 126.4 m Q424 0 EUR m
Slide 9: Fluctuating revenues due to our project-driven business
Fluctuating revenues due to our project-driven business EUR m Revenue 60 - Revenue -9.8%, EUR 38.7 m (42.9) 50 40 - Currency effects of 0.9% 30 20 10 - Revenue geo split Q125 Europe Asia Pacific Americas Slide 9
Slide 10: EBIT impacted by the lower revenue in the quarter
EBIT impacted by the lower revenue in the quarter - Adjusted EBIT -48.9%, EUR 1.0 m (2.0) EUR m EBIT and EBIT margin 5 14% - Adjusted EBIT margin 2.6% (4.5%) 12% 4 10% - Adjustments of EUR 0.2 million in Q125 related to 8% investigation of potential headquarters relocation 3 6% 4% 2 2% 0% 1 -2% -4%
Slide 11: Net profit EUR 0.06 m
Net profit EUR 0.06 m - Net profit -89.2% to EUR 0.06 m (0.5) EUR m Net result and EPS 3 - Earnings per share, basic and diluted, 0.001 (0.005) 0.020 2 0.015 0.010 1 0.005 0 0.000 -0.005 -1 -0.010 -2 -0.015 Net result, EUR million EPS, EUR Slide 11
Slide 12: Operating cash flow and financial position improved
Operating cash flow and financial position improved - Operating cash flow EUR 5.4 m (0.05) EUR m Operating cash flow - Net debt improved to EUR -11.6 m (-17.3) 6 4 - Leverage ratio improved to 0.74x from 1.09x 2 0 -2 -4 -6 Slide 12
Slide 13: Ports & Maritime – lower revenue and profitability in the quarter
Ports & Maritime – lower revenue and profitability in the quarter EUR m Revenue - Revenue -16.9%, EUR 22.1 m (26.7) 40 35 - Currency impact of 1.3% 30 25 - EBITDA -48.4%, EUR 1.1 m (2.8) 20 15 10 - EBITDA margin 4.7% (10.5%) 5 0 - The shore power orders signed in Q424 to be delivered coming two year
Slide 14: Industry – initiatives to improve profitability paying off
Industry – initiatives to improve profitability paying off EUR m Revenue - Revenue 2.0%, EUR 16.6 m (16.3) 20 18 - Currency impact 0.3% 16 14 12 - EBITDA increased 117% to EUR 1.3 m (0.6) 10 8 - EBITDA margin improved to 7.5% (3.9%) 6 4 2 0 EUR m EBITDA and EBITDA margin 2 8% 7% 6% 5% 1 4% 3% 2% 1%
Slide 15: Good foundation for continued value creation
Good foundation for continued value creation - Strong business drivers - Attractive offering - More product launches throughout the year - Strong momentum in the organisation Slide 15
Slide 16: Q&A
Q&A Second quarter report 25 July Slide 16