Elekta Ab Class B · OMXSTO:EKTA_B
Elekta Ab Class B — Q3 2024/25 Earnings Presentation
22 slides from Elekta Ab Class B's earnings presentation, Feb 21, 2025
Slide 1: Launches are driving order growth
Launches are driving order growth Q3 report 2024/25 Gustaf Salford, President and CEO Tobias Hägglöv, CFO Feb 21, 2025 Restricted Information and Basic Personal Data
Slide 2: Important information
Important information This presentation includes forward-looking statements including, but not limited to, statements relating to operational and financial performance, market conditions, and other similar matters. These forward-looking statements are based on current expectations about future event
Slide 3: Business Overview
Business Overview Gustaf Salford President and CEO Restricted Information and Basic Personal Data
Slide 4: Q3 – key takeaways
Q3 – key takeaways Net sales 2%1 – mainly driven by growth in Europe while China and the U.S. declined Adj. gross margin 37.1% (36.9%) – supported by price increases and an improved product mix Adj. EBIT margin 11.7% (11.6%) – higher amortization mitigated by increased gross margin Book-to-bill rati
Slide 5: Sales development by region
Sales development by region Americas – decrease of 7%1 • Growth in South America • Decreased sales in the U.S. as customers EMEA await the Elekta Evo regulatory clearance APAC – increase of 6%1 Americas 29% 35% • Good performance across most markets (32%) (34%) • China declined by 8 percent Share AP
Slide 6: The most comprehensive product portfolio in the industry
The most comprehensive product portfolio in the industry – image guided and adaptive across the portfolio Neuro & Brachytherapy Linac solutions ONE Software suite Confidential and Basic Personal Data 6
Slide 7: Driving value from Evo and Elekta ONE with new installs and upgrades
Driving value from Evo and Elekta ONE with new installs as well as upgrading current installed base – strong order intake in Q3 • Evo the most versatile linac; ready for online & offline adaptive, with AI-enhanced Elekta Evo Elekta ONE Installing new imaging with IrisTM technology New Solution softw
Slide 8: Examples of success stories in the quarter
Examples of success stories in the quarter Continued market ➢ 8x linacs and 6x Elekta ONE Planning leadership in awarded in large IMSS tender Mexico Several replacements ➢ E.g. MR-Linac replacement with Elekta with Unity in Unity at Moffitt in the U.S. the quarter “With Iris, CBCT image quality has
Slide 9: Continued focus on SW commercialization drives success
Continued focus on SW commercialization drives success Achieving the Best in KLAS designation is a testament to Elekta ONE® | OIS powered by MOSAIQ ® Elekta’s unwavering Back-to-back winners! Best in KLAS 2024 and 2025 commitment to our customers and the trust they place in us. Our secure technology
Slide 10: Financial Overview
Financial Overview Tobias Hägglöv CFO Restricted Information and Basic Personal Data
Slide 11: Financial update Q3 24/25
Financial update Q3 24/25 (SEK M) Net sales increased by 2%1 Q3 24/25 Q3 23/24 Q2 24/25 • Lower sales in the U.S. and China Net sales 4,695 4,537 4,341 • Solutions declined by 4% and Service grew by 10% Solutions 2,673 2,742 2,458 Adj. gross margin of 37.1% (36.9%) Service 2,022 1,795 1,883 • Suppor
Slide 12: Record high cash flow after continuous investments in Q3
Record high cash flow after continuous investments in Q3 (SEK M) Q3 24/25 Q3 23/24 RTM 2023/24 23/24 24/25 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 EBITDA 866 767 3,025 3,189 1% Taxes, interest net and other -158 -10 -523 -508 -2% -3% -4% -5% -5% Change in NWC 387 315 -126 -220 -6% -7% -8% Cash flow from opera
Slide 13: Rolling twelve months operational cash conversion
Rolling twelve months operational cash conversion SEK M 94% 100% 3,000 80% 79% 2,500 Target >70% Operational cash flow – improved sequentially 60% 2,000• Strong cash flow in Q3 1,500• RTM operational cash conversion at 79% – above target 40% 1,000 20% 500 3,135 2,461 2,519 2,352 2,376 0% 0 Q3 Q4 Q1
Slide 14: Outlook
Outlook Gustaf Salford President and CEO Restricted Information and Basic Personal Data
Slide 15: Updated outlook
Updated outlook Net sales for Elekta expected to be broadly stable and the Full year 24/25 EBIT margin to be lower, compared to full year 2023/24 Beyond 24/25 Drive for an EBIT margin expansion of 14% or higher Restricted Information and Basic Personal Data
Slide 16: Summary
Summary Gustaf Salford President and CEO Restricted Information and Basic Personal Data
Slide 17: Summary
Summary • Order and sales growth in Europe – supported by product launches • Record high cash flow • Adjusting our full year guidance – lower volumes in the U.S. and China Drive for an EBIT margin expansion to 14% or higher Restricted Information and Basic Personal Data
Slide 18: Upcoming events – deep dive and CMD
Upcoming events – deep dive and CMD Apr 8, 2025 May 2 - 6, 2025 May 28, 2025 Deep dive 2: Market and installed ESTRO 2025 Interim report, Q4 Feb-Apr 2024/25 base etc Leading up to: Restricted Information and Basic Personal Data 18
Slide 19: Elekta's Capital Markets Day, June 10, 2025
Elekta's Capital Markets Day, June 10, 2025 Elekta's Capital Markets Day, June 10, 2025 Stockholm, Sweden Stockholm, Sweden Restricted Information and Basic Personal Data
Slide 20: Q&A
Q&A Restricted Information and Basic Personal Data
Slide 21: We don't just build technology, we build hope
We don’t just build technology, we build hope Restricted Information and Basic Personal Data
Slide 22: Restricted Information and Basic Personal Data
Restricted Information and Basic Personal Data