Slide 1: Electrolux Group Q3 2024 Results presentation
Electrolux Group Q3 2024 Results presentation Jonas Samuelson, President and CEO Therese Friberg, CFO Oscar Stjerngren, Investor Relations
Slide 2: Q3 Highlights
Q3 Highlights Organic sales growth of 6% + Volume increase in all business areas * Organic growth supported by the attractive product offering * Negative price in challenging markets Improved EBIT excl. NRI + Improvements in all business areas, with significantly increased EBIT excl. NRI in Europe,
Slide 3: Sales and EBIT Bridge
Sales and EBIT Bridge seKm @3.2025 en manecting’ efficiency’ Factors: 3 2024 Net Sales 33,427 1,427 1,568 33,286 Growth % 52% 45% 49% 0.4% EBIT excl NRIS 314 373 174 1160 -209 77 EBIT excl NRI% 0.9% 2.2% pecretion/ -ll pts -0.5 pts 33 pts -0.5 pts Argentina and Egypt, which are included in External
Slide 4: Executing on cost reduction target
Executing on cost reduction target ion! y-o-' Cost reduction target? approx. Cost reduction! y-o-y, FY 2024e SEK Abn in 2024 ve 2023 — Organizational simplification. Headcount reductions of approx. 3,800 — Springfield ramp-up — Increase sourcing from low-cost countries -— Continued consolidation of
Slide 5: Operating Cash Flow
Operating Cash Flow SEKm Q3 2024 Q3 20235 EBIT 349 608 D/A and other non-cash items 1,992 1,265 Change in operating assets and liabilities 25 -6l Investments in intangible and tangible assets -1,005 -1,304 Changes in other investments -308 640 Cash flow after investments* 1,053 1,147 AB ELECTROLUX -
Slide 6: Solid liquidity and maturity profile
Solid liquidity and maturity profile sekbn Long-term borrowings, by maturity 12.0 10.0 8.0 6.0 4.0 “ L] 0.0 2024 2025 2026 2027 2028 2029- Data as per September 30, 2024 SEK 33.9bn in liquidity incl. RCF as per September 30, 2024 No financial covenants in any loan agreements New sustainability-linke
Slide 7: Europe, Asia-Pacific, Middle East and Africa
Europe, Asia-Pacific, Middle East, Organic sales growth + Volume growth, outperformed weak market * Positive mix * Negative price * Low residential construction and remodeling activity, impacting the built-in kitchen category EBIT margin excl. NRI at 4.2% * Volume growth and favorable mix partly off
Slide 8: European Core Appliances Market
European Core Appliances Market Total European shipments, quarterly unit comparison y-o-y 40% 30% 20% 10% 0% eg aol =” tir a eee | ee I 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -10% -20% Source: Electrolux estimates. As from Ql 2020, Russia is excluded. AB ELECTROLUX - Q3 2024
Slide 9: North America
North America Slight organic sales decline * Slightly higher volumes, supported by the attractive product offering * Negative price, promotional activity remains high * Record high consumer star rating at 4.6 on a 5-point scale Operating loss reduced Negative organic contribution from price Positive
Slide 10: U.S. Core Appliances Market
U.S. Core Appliances Market HX) U.S. shipments, quarterly unit comparison y-o-y 30% 25% 20% 15% 10% ' loll tat ox mA ee rol 7] _—~ -5% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 “Source: Based on the AHAM Factory Shipment Report. Q3 2024 is a comparison of weeks between June 30, 202
Slide 11: Latin America
Latin America High organic growth + Volume growth, driven by increased consumer demand and warm weather in Brazil * Positive price * Strong aftermarket sales growth Significant increase in EBIT * Strong organic growth, mainly driven by Brazil * Positive contribution from cost efficiency + Negative i
Slide 12: Outlook and summary
Slide 13: Market outlook FY 2024 per region
Market outlook FY 2024 per region North America Latin America Electrolux estimates for industry shipments of core appliances, units year-over-year Latin America includes the ABC-countries, Asic-Pacific includes ANZ and SEA. In line with our new organizational structure, we have combined the outlook
Slide 14: Electrolux business outlook
Electrolux business outlook A) Business Outlook! y-o-y FY 2024 Comments Volume/price/mix Negative Driven by price, partly offset by growth in focus categories. Investments in consumer experience innovation and marketing* Increased investments in Innovation & marketing to capitalize on the Negieliive
Slide 15: Strategy for profitable growth
Strategy for profitable growth) Financial targets Operating Return on net Sales margin assets growth 26% >20% 24% The primary financial priority is achieving our fnancial targets of an operating margin of at least 6% and « return on net assets of over 20%, over a business cycle. Once established, ou
Slide 16: Factors affecting forward-looking statements
Factors affecting forward-looking statements This presentation contains “forward-looking” stat company’s current expectations. Although the company at the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations prove to have been cor
Slide 17: Q&A
Slide 18: Strategy for profitable growth
Strategy for profitable growth Financial targets OT y * Operating Return on net Sales margin assets growth 8 26% »>20 2h The primary financial priority is achieving our financial targets of an operating margin of at least 6% and a return on net assets of over 20%, over a business cycle. Once establi
Slide 19: Electrolux Group
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Slide 20: ‘
‘AB ELECTROLUX - Q3 2024
Slide 21: Earnings contribution from price/mix
Earnings contribution from price/mix Business Area Q3, y-o-y Comments on Q3 y-o-y Europe, Asia-Pacific, Middle East and Africa Negelive North America Negative Latin America Positive Group EBIT % accretion -2.7 pts Increased promotions and negative price, partly offset by positive mix. Excludes curre
Slide 22: Electrolux Group
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