Investor Ab Class A · OMXSTO:INVE_A
Investor Ab Class A — Q2 2024 Earnings Presentation
28 slides from Investor Ab Class A's earnings presentation, Jul 17, 2024
Slide 1: Interim report January - June 2024
investor Interim report January - June 2024
Slide 2: Christian Cederholm, President and CEO
investor Christian Cederholm President and Chief Executive Officer
Slide 3: Q2 in summary
investor Q2 in summary ¢ Adjusted net asset value SEK 969bn, +8% ¢ Total shareholder return 9% compared to 2% for the SIXRX return index ¢ Listed Companies: total return 11% * SEK 2.8bn invested in Ericsson ¢ Patricia Industries: +2% total return ¢ Major subsidiaries organic sales growth of 7%, adju
Slide 4: Business areas
investor Business areas June 30, 2024 Total adjusted assets SEK 984bn Adjusted net asset value SEK 969bn Investments in EQT SEK 89bn 9% of total assets Listed Companies SEK 693bn 71% of total assets
Slide 5: Listed Companies
Slide 6: Highlights during the quarter
investor Highlights during the quarter « Strong relative performance ¢« SEK 2.8bn invested in Ericsson * Several boards strengthened further Listed Companies SEK 693bn 71% of total assets
Slide 7: Patricia Industries
7 & e@ Solenti wes Pr
Slide 8: Highlights during the quarter
investor Highlights during the quarter ¢ Total return 2 percent driven by earnings growth ¢ Major subsidiaries grew sales by 7% organically in constant currency, adjusted EBITA by 10% ¢ Sarnova and BraunAbility completed strategic add-on acquisitions, total SEK 5.6bn enterprise value Patricia Indust
Slide 9: Operating performance
investor Operating performance Vectura >k Laborie! permobil (ADVANCED INSTRUMENTS fe Mélntycke BBraunAbility D) piab group sarnovaY~ “Taruss anmiaonies cS) Org. growth, % Q2 2024 141" val 12 an -35 ae “Adjusted for divestmentof community services properties ** Service revenueand EBITDA, % EBITA marg
Slide 10: Mölnlycke sales and margins
Antiseptics 3% Gloves 12% Wound Operating Care Room ● 59% Solutions 26% ● ● EUR m ● 600 35 500 30 400 25 ● 20 300 15 ● 200 10 100 ● 5 0 0 ● Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 20 20 20 21 21 21 21 22 22 22 22 23 23 23 23 24 24 Sales EBITDA, % EBITA, % ●
Slide 11: Quarterly and LTM sales
1 000 1 500 2 000 2 500 3 000 4 000 4 500 0 500 3 500 SEK m Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Quarterly Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 LTM (Right Hand Scale) Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3
Slide 12: Add-on acquisitions remain a strategic priority
Add-on acquisitions remain a strategic priority ¢ Sarnova Digitech - a leading provider of revenue cycle management software and solutions to emergency medical services (EMS) providers One Beat - a leading distribution and training provider of Automated External Defibrillators products and training
Slide 13: Investments by year (SEK bn)
SEK bn 12 10 8 6 4 2 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD
Slide 14: Investments in EQT
Slide 15: Investments in EQT total return
8 7 6 4 2 -4 0 -2 -4 -6 Q2 2024 YTD 2024
Slide 16: Priorities
investor Priorities Future-proof our companies to drive sustainable profit growth while never compromising on efficiency Use financial strength to capture investment opportunities 16
Slide 17: Helena Saxon, Chief Financial Officer
investor Helena Saxon Chief Financial Officer
Slide 18: Adjusted net asset value development
1 200 1 000 800 600 400 200 0 2017 2018 2019 2020 2021 2022 2023 2024 -200 Listed companies Patricia Industries Investments in EQT Other assets & liabilities Net debt
Slide 19: Total return by business area
22 20 20 11 8 7 2 -4 Listed Patricia Investments in Total Companies Industries EQT Listed Patricia Investments in Total Companies Industries EQT
Slide 20: Listed Companies — Total return
investor Listed Companies — Total return Q2 2024 WARTSILA Group -10 cncson 2 sorted cbc? SIRI QPSAAB Ofer: @SOD! FQ) fatinn || Nasdaq @. Electrolux 20
Slide 21: -5
30 000 25 000 20 000 15 000 10 000 5 000 0 -5 000
Slide 22: Patricia Industries - major drivers of estimated market values
investor Patricia Industries - major drivers of estimated market values 4 SEK 219bn (incl. cash) SEK 214bn (incl. cash) Q12024 Q2 2024
Slide 23: Patricia Industries — change in estimated market values
investor Patricia Industries — change in estimated market values 214 025, H I 2788 218779 | 12024 BraunAbility — Laborie Piab Permobil Advanced Tre Financial Sarnova Atlas Vectura Mélnlycke PatriciaCash Q2 2024 Instruments Skandinavien Investments Antibodies 23
Slide 24: Financial development
investor Financial development Ensuring financial strength and maximizing investment capacity 24
Slide 25: SEK m
SEK m 8 000 7 000 6 000 5 000 4 000 3 000 2 000 1 000 0
Slide 26: Investor B vs SIXRX total return
% 40 35 30 25 20 15 10 5 0 YTD 1 year 5 years 10 years 20 years Investor B SIXRX
Slide 27: investor
investor
Slide 28: Financial calendar
investor Financial calendar October 17, 2024 Interim Management Statement January-September 2024 January 23, 2025 Year-End Report 2024 April 23, 2025 Jacob Lund _ Interim Management Statement COPS eee! January-March 2025 Jacob.lund@investorab.com July 17, 2025 Interim Report January-June 2025 Magnus