Slide 1: April-June 2025
\pril-June 2025 = 2 2 eter Nilsson, President & CEO” Fredrik Nilsson, CFO VM TRELLEBORG
Slide 2: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2025 Q&A 2 TRELLEBORG GROUP
Slide 3: Improved margin in a tentative market
Improved margin in a tentative market Q2 2025 financial summary1 • Sales at SEK 8 551 M (8 711), a decrease of 2 percent • Organic sales -1 percent, M&A +6 percent, currency -7 percent • EBITA at SEK 1 587 M (1 599), corresponding to a margin of 18.6 percent (18.4) • Negative F/X translation effect
Slide 4: Organic sales development by geography
Organic sales development by geography Organic sales continuing operations • operations Total Apr - Jun 25 Apr - Jun 24 Europe -1% 1% Share of sales1 Apr - Jun 25 Apr - Jun 24 44% -2% -1% North- and South America Share of sales1 Apr - Jun 25 Apr - Jun 24 Asia and rest of the world 33% -3% 3% Share o
Slide 5: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2025 Q&A 5 TRELLEBORG GROUP
Slide 6: Stable development
Stable development Trelleborg Industrial Solutions1 • Organic sales +2 percent; M&A +4 percent • Mixed development within diversified industrials: SEK M Q2 2025 Q2 2024 Change, % • Marine solutions, LNG projects and water Net sales 3 924 3 955 -1 infrastructure showed solid growth Organic, % 2 -1 •
Slide 7: Cautious North American market
Cautious North American market Trelleborg Medical Solutions1 • Organic sales -3 percent; M&A +36 percent • Organic sales of solutions to medtech improved SEK M Q2 2025 Q2 2024 Change, % in Europe Net sales 832 665 25 • Cautious purchasing behavior among North American medtech customers Organic, % -3
Slide 8: Muted automotive markets
Muted automotive markets Trelleborg Sealing Solutions1 • Organic sales -4 percent; M&A +3 percent • Sales to the industrial segment were overall SEK M Q2 2025 Q2 2024 Change, % unchanged; strong Asian sales offsetting slightly Net sales 4 014 4 349 -8 lower volumes in Europe and North America • Mark
Slide 9: Sustainability KPIs – continuing operations
Sustainability KPIs – continuing operations Carbon dioxide emissions - 14 % tons, CO₂ 18 000 16 953 16 494 16 000 14 598 14 151 14 000 12 184 12 000 10 000 8 000 6 000 4 000 2 000 0 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 9 TRELLEBORG GROUP
Slide 10: Sustainability KPIs – continuing operations
Sustainability KPIs – continuing operations Share of renewable and fossil-free electricity +/- 0 p.p. Mwh 91% 91% 100 000 80 729 79 367 74 181 79 826 75 870 80 000 74 756 71 903 67 649 69 494 66 556 60 000 40 000 20 000 0 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Renewable and fossil-free electricity Total elec
Slide 11: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2025 Q&A 11 TRELLEBORG GROUP
Slide 12: Slight sales decline due to F/X
Slight sales decline due to F/X Sales development continuing operations -2% April – June (%) 8 711 8 551 Organic -1 Structural 6 Currency -7 Total -2 Q2 24 Q2 25 January – June (%) +3% Organic 0 16 945 17 417 Structural 6 Currency -3 Total 3 6M 24 6M 25 12 TRELLEBORG GROUP
Slide 13: Small organic sales decline
Small organic sales decline Target: 8% annual sales growth with constant currencies over a business cycle1 % 30% 23 20% 17 16 13 12 10% 8 7 4 5 3 3 0 0% -10% -5 22 22 22 23 23 23 23 24 24 24 24 25 25 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Of which organic growth, %: 11 15 15 7 3 -1 0 -3 1 1 1 1 -1 1
Slide 14: Sales development
Sales development Continuing operations, R12M SEK M SEK M 9 000 35 000 8 000 30 000 7 000 25 000 6 000 5 000 20 000 4 000 15 000 3 000 10 000 2 000 5 000 1 000 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 21 21 21 22 22 22 22 23 23 23 23 24 24 24 24 25 25 Quarter (LHS) R12M (RHS) 14 TRELLE
Slide 15: EBITA decreased slightly while the margin improved further
EBITA decreased slightly while the margin improved further EBITA and margin development1 -1% +0.2 1 599 1 587 18.4 18.6 EBITA Apr - Jun EBITA % Q2 24 Q2 25 Q2 24 Q2 25 +4% +0.2 3 089 3 203 18.2 18.4 EBITA Jan - Jun EBITA % 6M 24 6M 25 6M 24 6M 25 1 Excluding items affecting comparability, continuing
Slide 16: R12M EBITA – continued improvement
R12M EBITA – continued improvement EBITA and margin, R12M1 SEK M % 7 000 +4% 20 6 000 18 5 000 4 000 16 3 000 14 2 000 12 1 000 0 10 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 21 21 21 22 22 22 22 23 23 23 23 24 24 24 24 25 25 EBITA % EBITA 1 Excl. items affecting comparability, continuing o
Slide 17: Profit & loss statement
Profit & loss statement SEK M Q2 2025 Q2 2024 Change, % 6M 2025 6M 2024 Change, % Net sales 8 551 8 711 -2 17 417 16 945 3 EBITA, excluding items affecting comparability 1 587 1 599 -1 3 203 3 089 4 EBITA-margin, % 18.6 18.4 18.4 18.2 EBIT, excluding items affecting comparability 1 442 1 483 -3 2 90
Slide 18: Slight EPS decline in continuing operations
Slight EPS decline in continuing operations Earnings per share1 % % -4% -3% 6 6 4.49 4.31 4.14 4.03 4 Continuing 4 Apr - Jun Group, operations, 2 2 excl. items affecting Total comparability 0 0 Q2 24 Q2 25 Q2 24 Q2 25 % -1% % -1% 10 8.20 8.11 10 8.72 8.59 Continuing Group, 5 Jan - Jun 5 operations,
Slide 19: Solid cash flow generation
Solid cash flow generation Operating cash flow1 SEK M Q2 2025 Q2 2024 Change EBITDA 1 939 1 950 -11 1 193 Working capital -339 -180 -159 -11 1 000 Net capex -495 -492 -3 -159 -3 -1 -19 Leasing -87 -86 -1 Other -18 1 -19 Operating cash flow 1 000 1 193 -193 Q2 24 EBITDA Working Net Leasing Other Q2 2
Slide 20: Cash conversion remains at a solid and high level
Cash conversion remains at a solid and high level Operating cash flow, R12M1 SEK M % 6 000 120 5 500 101 5 000 96 100 4 500 85 99 95 76 69 92 89 90 4 000 88 85 87 80 63 88 3 500 74 75 3 000 60 2 500 2 000 40 1 500 1 000 20 500 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 21 21 21 22 22 22
Slide 21: Strong balance sheet despite numerous acquisitions and share buy-backs
Strong balance sheet despite numerous acquisitions and share buy-backs Gearing and leverage, R12M, Group1 % 2.4 2.5 60 56 50 2.0 40 1.5 1.2 1.2 30 25 24 1.0 0.9 0.9 20 16 17 0.5 10 0 0.0 -10 -0.5 -0.2 -6 21 22 23 24 25 25 21 22 23 24 25 25 Q1 Q2 Q1 Q2 Net debt / Equity Net debt / EBITDA 1 From 2019
Slide 22: ROCE impacted by numerous acquisitions
ROCE impacted by numerous acquisitions Return on capital employed, R12M, %1 17.5 16.5 15.7 16.1 15.9 14.9 15.1 14.9 15.0 13.9 13.9 13.0 12.9 12.7 12.7 12.5 12.3 12.0 11.8 11.6 10.0 7.5 5.0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 21 21 21 22 22 22 22 23 23 23 23 24 24 24 24 25 25 1 Excludi
Slide 23: Financial guidelines for full-year 2025
Financial guidelines for full-year 2025 Continuing operations SEK SEK SEK ~1.65 B ~500 M ~650 M ~25% Capex Restructuring Amortization of Underlying tax costs intangible rate assets 23 TRELLEBORG GROUP
Slide 24: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2025 Q&A 24 TRELLEBORG GROUP
Slide 25: Improved margin in a tentative market
Improved margin in a tentative market Q2 2025 financial summary1 • Sales at SEK 8 551 M (8 711), a decrease of 2 percent • Organic sales -1 percent, M&A +6 percent, currency -7 percent • EBITA at SEK 1 587 M (1 599), corresponding to a margin of 18.6 percent (18.4) • Negative F/X translation effect
Slide 26: Outlook Q3 2025
Outlook Q3 2025 • Demand is expected to be somewhat higher compared with the second quarter of 2025, adjusted for seasonal variations • Due to the geopolitical situation, the outlook is associated with continued uncertainty 1 Excluding items affecting comparability, continuing operations 26 TRELLEBO
Slide 27: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2025 Q&A 27 TRELLEBORG GROUP
Slide 28: TRELLEBORG GROUP
28 TRELLEBORG GROUP TRELLEBORG
Slide 29: www.trelleborg.com
VA TRELLEBORG www.trelleborg .com