Slide 1: Q2 2026 report
Kb HEXAGON Q2 2026 report 29 July 2026
Slide 2: Cautionary statement
Cautionary statement This communication may contain forward-looking statements, estimates and projections. When used in this communication, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements, estimates and p
Slide 3: Agenda
Agenda Hexagon Q2 performance 1 Anders Svensson Hexagon Q2 business review & financials 2 Enrique Patrickson Concluding remarks 3 Anders Svensson Question & answer session 4 Anders Svensson, Enrique Patrickson
Slide 4: Q2 2026 performance
Q2 2026 performance Anders Svensson 4
Slide 5: Highlights of the quarter
Highlights of the quarter Highest organic growth in 5-years Key financial metrics Key operational achievements Completed portfolio refocusing, with Octave separated and a new strategy & targets 12% Organic growth launched at our capital markets day on 30 April − Group organic growth of 4-6% between
Slide 6: Completion of Octave separation
Completion of Octave separation 22 May 25 May 28 May Octave separation Listed on Nasdaq Listed on Nasdaq from Hexagon Stockholm New York effective Completes our recent programme of portfolio actions to focus Hexagon on the core precision measurement & positioning opportunity 6 | hexagon.com
Slide 7: Organic growth
Quarterly revenue & organic growth Organic growth Organic growth Revenue €M % Delivered very strong growth 1 200 15 1 000 10 800 5 − Growth in all of our Business Areas 600 0 400 − Autonomous Solutions – 20% -5 200 − Manufacturing Intelligence – 13% 0 -10 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 − Inf
Slide 8: Growth during the quarter by industry
Growth during the quarter by industry Industry % of sales Americas EMEA China Rest of Asia 19% org. growth 7% org. growth 10% org. growth 2% org. growth Construction* 27% General manufacturing 16% Aerospace & defence 13% Mining 11% Growth in quarter YoY Automotive 10% >8% Electronics 5% 0-8% Negativ
Slide 9: Gross margin
Gross margin Maintained at around 62% Gross margin by quarter, excl. D&E Gross margin by quarter, as reported 70 70 – Excluding the D&E business the gross margin was stable year- 65 64.6 65.0 64.3 on-year 65 64.4 64.0 63.7 63.7 62.8 62.9 62.3 62.5 62.8 62.3 62.6 62.3 61.9 62.3 62.3 61.6 62.0 – Curre
Slide 10: EBITAC improvement driven by organic growth & leverage
EBITAC improvement driven by organic growth & leverage EBITAC & operating margin trends €M % – EBITAC of 24.3%, compared to 21.0% 300 30 Q2 2025, excluding D&E 250 – Currency benefit of around 100 basis 25 200 points – Around 230 basis points of improvement 150 20 from operational drop-through 100 –
Slide 11: Robotics continuing to make great progress
Robotics continuing to make great progress − Strong progress in factory trials − Expansion of Schaeffler strategic partnership − Announcement of Fill pilot − Plan to reach commercialisation by the end of 2026 − Continue to make investments & decisions to position robotics for success − Includes pote
Slide 12: Acquisitions
Acquisitions Continue to be active in M&A Announced Completed Completed − To be acquired by Manufacturing − Acquired by Autonomous − Acquired by Infrastructure & Intelligence Solutions Geospatial − Expansion into NDT − Adds to our assured Positioning, − Adds to our mapping capabilities Navigation &
Slide 13: Q2 2026 business review & financial update
Q2 2026 business review & financial update Enrique Patrickson 13
Slide 14: Revenue & profitability year-on-year bridge
Revenue & profitability year-on-year bridge Strong organic growth and operational leverage Net sales, MEUR 1100 1050 -1% 1000 +12% 950 -7% 1,050.2 1,010.5 +4% 900 850 Q2 2025 Currency Structure Organic Q2 2026 EBITAC, MEUR 270 240 +4% +21% -12% 255.1 210 +13% 225.1 180 14 | hexagon.com Q2 2025 Curre
Slide 15: Manufacturing Intelligence
Manufacturing Intelligence Revenue by industry (FY 2025) 2% 9% 4% General manufacturing Q2 2026, MEUR (Q2 2025) Excl. D&E Business update 11% 35% Automotive Aerospace & defense Category Achievement* − Very strong growth in Stationary & Electronics Portable metrology Revenue Energy & power 452.1 − Ge
Slide 16: Infrastructure & Geospatial
Infrastructure & Geospatial Revenue by industry (FY 2025) 8% 4% 2% Surveying 28% Heavy construction 5% Q2 2026, MEUR (Q2 2025) Business update Buildings − Growth across Construction 8% Mining Category Achievement Software & Services, Geomatics, Utilities Revenue Radar & Monitoring and Machine 388.5
Slide 17: Autonomous Solutions
Autonomous Solutions Revenue by industry (FY 2025) 9% 5% Mining Q2 2026, MEUR (Q2 2025) Business update Aerospace & defense 12% Agriculture − Significant growth in Positioning 47% Category Achievement Marine divisions, benefitting from strong Other Revenue demand in aerospace & defence 201.7 markets
Slide 18: Income statement
Income statement Adjusted income statement, MEUR Q2 2026 Q2 2025 Change % Net sales 1,050.2 1,010.5 12% COGS -395.9 -364.0 9% Gross earnings 654.3 646.5 1% Gross margin 62.3% 64.0% -1.7% Operating earnings (EBITDA) 364.3 353.1 3% EBITDA margin 34.7% 34.9% -0.3% Capitalisation/amortisation gap reduce
Slide 19: Restructuring programme
Restructuring programme Almost at full run-rate Phasing of quarterly cost savings MEUR − Targeted savings of 74 MEUR, achieved run-rate of 73.5 MEUR 20 ~18.5 − Q2 2026: 14 MEUR cost savings 14 15 Programme to − Will complete by the end of Q3 2026, ahead complete ahead of of schedule schedule 10 10 6
Slide 20: Operating cash flow and net debt bridge
Operating cash flow and net debt bridge Operating cash flow, MEUR 400.0 79 109 109 73 300.0 40 40 200.0 364 364 255 292 252 100.0 245 0.0 EBITAC D&A excl Cap. R&D Adj. Non-cash CF post- Work. Op. CF Taxes & Op. CF NRI Op. cash R&D EBITDA & capex inv. capital pre-tax interest pre-NRI flow Net debt, M
Slide 21: Summary of Q2 2026
Summary of Q2 2026 Anders Svensson 21
Slide 22: Q2 2026 Summary
Q2 2026 Summary Excellent organic growth Portfolio reshaping 12% organic growth, with strong Octave separation completed, demand in aerospace & defence, announced acquisition of Waygate electronics and general manufacturing Technologies Improved operating leverage Cost restructuring ahead of schedul
Slide 23: Q&A
Q&A 23
Slide 24: Appendix
Appendix we Q2 2026 {GJ HEXAGON
Slide 25: Continuing operations reporting segments
Continuing operations reporting segments Division Category (MEUR) Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 Operating net sales 961.5 1,010.5 976.1 1,053.1 4,001.2 963.8 1,050.2 Organic growth -2% 2% 5% 4% 2% 8% 12% EBIT1 248.7 260 264.7 299.0 1,072.4 251.3 272.0 Hexagon* EBIT1 margin
Slide 26: Historical performance restated to exclude D&E
Historical performance restated to exclude D&E Division Category (MEUR) Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Operating net sales 888.2 939.4 907.1 980.3 3,715.0 924.9 Gross margin % 62.6% 62.3% 61.9% 61.6% 62.1% 62.0% Organic growth -2% 3% 5% 4% 3% 8% Hexagon EBIT1 225.0 231.1 235.5 255.4