Alleima Ab · OMXSTO:ALLEI
Alleima Ab — Q1 2024 Earnings Presentation
25 slides from Alleima Ab's earnings presentation, Apr 23, 2024
Slide 1: First quarter 2024 Interim report
Alleima April 23, 2024 Interim report First quarter 2024 G6ran Bjorkman, President & CEO Olof Bengtsson, CFO 1\ Alleima
Slide 2: Safety first
Alleima Safety first At Alleima our objective is zero harm to our people, Protective equipment Emergency number Psychological safety the environment we work in, our customers and our suppliers. First aid kit Emergency exit Alarm Assembly point Health & well-being Speak Up
Slide 3: Q1 highlights
Alleima | First quarter 2024 Qt highlights Negative organic order intake and revenue growth on high comparables — Signs of improved market sentiment — Solid order backlog — Temporary challenges Margin resilience in a challenging quarter — Temporary challenges and under-absorption — Continued positiv
Slide 4: Leading sustainability
Alleima | First quarter 2024 Leading sustainability Making an impact through our operations — Improving our safety performance — Share of recycled steel remains high — Reducing CO: emissions — Increasing share of female managers No. of injuries Frequency rate, RI2 30 2 6 20 8 8 40 4 ° ° QI G2 G3 G4
Slide 5: Next generation umbilicals
Alleima | First quarter 2024 Next generation umbilicals Making an impact through our products Less is more with SAF 3007 +15% yield strength, allowing for thinner tubes Reduced material consumption Streamlining the entire manufacturing process Benefitting both customers and the environment Alleima I
Slide 6: Enabling the industrial energy transition
Alleima | First quarter 2024 Enabling the industrial energy transition Making an impact through our products Fibrothal® heating modules to be used in new green steel plant — Reduced CO2-emissions with improved efficiency — End-product with lower environmental impact — _ Strong demand across a wide r
Slide 7: Market development
Alleima | First quarter 2024 7 Market development — Market demand remains mixed — Short-cycle business stabilizes — Strong underlying demand persists in some segments Perceived year on year underlying market demand trend CHEMICAL AND INDUSTRIAL OIL AND GAS INDUSTRIAL PETROCHEMICAL HEATING CONSUMER Y
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Slide 9: Earnings
Alleima | First quarter 2024 Earnings Adjusted EBIT at SEK 453 million (567) — Margin of 9.6% (10.5) — __ Dilution from under-absorption and lower revenues from temporary delivery challenges — Solid product mix — Successful price increases — Margin of 10.1% (9.5) rolling 12 months Free operating cas
Slide 10: Alleima Note: Historical numbers are restated for divested or discontinued businesses, as well as
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Slide 14: Financial summary
Alleima | First quarter 2024 Financial summary 14 SEK M Q1 2024 Q1 2023 FY 2023 Order intake, R12 20,362 22,550 21,684 Revenues 4,740 5,376 20,669 Adj. EBIT 453 567 2141 Adj. EBIT margin, % 9.6 10.5 10.4 Metal price effects -328 479 -95 Items affecting comparability (0) le) 0 EBIT 126 1,045 2,046 EB
Slide 15: Bridge analysis, adjusted EBIT
Alleima | First quarter 2024 15 Bridge analysis, adjusted EBIT 567 -137 en 0 | 453 Adj EBIT Organic Currency Structure Adj EBIT Q12023 Q12024 Adj. EBIT Adj. EBIT margin 10.5% margin 9.6% Leverage: N N/A — Negative organic development driven by volume decrease, temporary challenges and under-absorpti
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Slide 19: Guidance ahead of the quarter and outcome
Alleima | First quarter 2024 Guidance ahead of the quarter and outcome 19 Outcome Q1 2024 Guidance ahead of Q1 2024 Capex (Cash) SEK 141 million Approximately SEK 950 million Q1 2024 in FY 2024 Currency translation and SEK -11 million SEK -60 million in Q1 transaction effect Total currency effect SE
Slide 20: Guidance Q2 2024 and FY 2024
Alleima 20 | First quarter 2024 Guidance Q2 2024 and FY 2024 Capex (cash) — _ Estimated to approximately SEK 950 million for FY 2024 Currency effects (transaction and translation) — SEK 25 million on operating profit (EBIT) for Q2 2024, compared to the corresponding period last year Metal price effe
Slide 21: Outlook for the second quarter 2024
Alleima | First quarter 2024 | 21 y)\ Outlook for the second quarter 2024 — Despite mixed demand in our markets during the quarter, underlying megatrends are expected to continue to mitigate the impact of uncertainties in the macroeconomic environment in the coming year. — The backlog is solid in ou
Slide 22: Summary
Alleima | First quarter 2024 Summary —Continued mixed market demand —Navigating though challenges —Improved resilience — Solid order backlog —Consistent strategy execution towards profitable growth 22
Slide 23: Q&A
Alleima 23 First quarter 2024 Q&A
Slide 24: Thank you
Alleima Thank you alleima.com
Slide 25: Disclaimer
Alleima | Fourth quarter 2023 * Disclaimer This presentation contains “forward-looking” statements that reflect the company’s current expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such exp