Alleima Ab · OMXSTO:ALLEI
Alleima Ab — Q1 2025 Earnings Presentation
23 slides from Alleima Ab's earnings presentation, 2025
Slide 1: Alleima
\)\\Alleima ° Wve aN
Slide 2: Q1 highlights
Alleima | First qu Qt highlights Broad based topline growth Revenues CEASA ~ : (SEK M) growth — Organic order intake growth R12 — Organic revenue growth — Backlog remains solid Solid financial performance — Adj. EBIT-margin growth Adj. EBIT Adj. EBIT margin — Solid operational leverage (SEK M) — Sli
Slide 3: Market development
Alleima | First quarter 2025 Market development — Mixed marked demand — Soft European market, solid development in Asia, recovery in North America Perceived year on year underlying market demand trend CHEMICAL AND: INDUSTRIAL OILAND GAS PETROCHEMICAL INDUSTRIAL, HEATING CONSUMER: Year onyear underly
Slide 4: Order intake and revenues
Alleima | First quarter 2025 Order intake and revenues Order intake R12 (SEK M) 19,962 Revenues (SEK M) 5,150 Order intake R12 SEKM 25 20 15 10 ie} a Qi Q2 G3 G4 QI Q2 G3 4 QI 2023 2024 2025 Revenues and book-to-bill SEKM 6 5 % 140 120 100 80 60 40 20 ie} ie) Qi Q2Q3.Q4 Qi Q2Q3A4 QI 2023 2024 = 2025
Slide 5: Earnings
Alleima | First quarter 2025 Earnings Adjusted EBIT at SEK 540 million (453) — Margin of 10.5% (9.6) — Contribution from several segments — Solid operational leverage — Slight FX headwind Free operating cash flow of SEK 46 million (159) — Higher production volumes and higher capex Adjusted EBIT SEKM
Slide 6: Alleima Note: Historical numbers are restated for divested or discontinued businesses, as well as
Alleima 6 25 000 12 10 20 000 8 15 000 6 10 000 4 5 000 2 0 0 Note: Historical numbers are restated for divested or discontinued businesses, as well as treating Sandvik as an external customer.
Slide 7: Tube
Alleima | First quarter 2025 Tube Continued organic revenue growth — Organic order intake growth of -3% R12 — Book-to-bill of 98% R12 — Organic revenue growth of 12% Increased earnings stability — Adj. EBIT margin increased to 111% (9.2) — Good product mix — FX headwind of SEK -20 million yoy AN SEK
Slide 8: Kanthal
Alleima | First quarter 2025 Kanthal Mixed market demand — Organic order intake growth R12 of 4% — Organic revenue growth of -7% — Book-to-bill of 99% R12 Solid underlying margin resilience — Adjusted EBIT margin at 16.6% (18.5) — Negative product mix in certain segments — Negative effect from FX of
Slide 9: Strip
Alleima | First quarter 2025 Strip Strong order intake growth — Organic order intake growth of 34% R12 — Organic revenue growth of 19% — Book-to-bill of 15% R12 Continued market rebound — Improving the underlying profitability — Adjusted EBIT margin of 6.9% (3.1) — FX tailwind of SEK 12 million yoy
Slide 10: Alleima
\W\Alleima = "we SN
Slide 11: A world-leading advanced materials company serving ten customer segments
A world-leading advanced ..serving ten customer segments materials company () G) (~) G) — High value-added products in advanced stainless steels and OilandGas = Chemical and Industrial Industrial Consumer special alloys as well as products for industrial heating Petrochemical Heating — Strong market
Slide 12: Premium offering across three divisions
Alleima | R12. Q12025 14.4bn Revenues (SEK) 101% Adj. EBIT margin Tube Seamless tubes and other long products in advanced stainless steels used in OG, nuclear & other energy-related end-markets as well as chemicals, automotive and aerospace Market share Example market positions #1 Umbilical Tubing #
Slide 13: Who we are - a niche player in niche markets
Alleima | Capital Markets Day 2023 | 43 Who we are - aniche player in niche markets Total steel market. 1900 zs — > Millon tonnes Total market for industrial furnaces Stainless steel market Total heating market Advanced stainless steel market Special alloys market Ss Thousand tonnes Fine wire and co
Slide 14: Fully integrated value chain
Customer Need Identification Research & Primary Melting Hot Working Cold Working Finishing Sales & Development Marketing Ensure Enabling close Secure product Prerequisite for new independence and control customer collaboration quality materials and product of value chain development
Slide 15: Global footprint and go-to-market strategy - local for local
Alleima | First quarter 2025 |° AN Global footprint and go-to-market strategy — local for local Sandviken, Sweden One of Sweden's — Tube mills (Seamless largest industrial sites in tube and pipe, steam terms of ground area. generator tubing, with c. 3,000 people Zirconium tubing) Sales in BO vere, D
Slide 16: Profitable Growth
Alleima | Profitable Growth — Capitalize on the megatrends of energy transition, energy efficiency, electrification, medical growth and capture O&G rebound — Expand through M&A within select key verticals and niches to enable accelerated growth and its diversification across products and end markets
Slide 17: A growth strategy built to capitalize on global megatrends
Alleima | A growth strategy built to capitalize on global megatrends... Changing demographics — Global population growth — Increased consumption and energy demand — Share of people aged +60 years is expected to increase — Increased demand for health care and medical solutions Increasing and changing
Slide 18: Prioritized segments
Prioritized segment Prioritized segments in focus for capital al locat ion Four prioritized segments Hydrogen and Chemical and Petrochemical Growth Renewable Energy Hydrogen and Renewable . Energy Industrial Medical Heating Medical Chemical and 4 Industrial Heatin Petrochemical g Principles for capi
Slide 19: Improved product mix with higher revenues from targeted segments
..indicating an improved product mix with higher revenues from targeted segments... Current revenue split Revenue split ambition™ 4T% 40% 9 fo 43% 43% 2022 2023 2024 Ambition 2030 Targeted segments s=Other Industrial Grow in line with or above targeted end markets — Includes targeted segments as wel
Slide 20: Financial background - focus on resilience
Alleima | | 20 AN Financial background — focus on resilience Organic growth Order intake ~ @ © CLD =) jgaig 19962 Revenues 22130 21684 16851 a 681 15 654 r | : i i i i o U UW [| U i 2019 a | 2022 2023 = 2024 R12 @12025 2019 2020 2021 2022 2023 2024 R12Q12025 Adj. EBIT and margin % Free operating cas
Slide 21: Nature of the business - metal price effect
Alleima | |* Nature of the business — metal price effect Metal price trend and how it affects different measures AN —|lsolating the effect from metal price changes in the business where market price for metal has a direct impact on pricing. —At constant volumes, mix and lead time the effects can be
Slide 22: Winning platform set to unlock shareholder value
Alleima 22 Winning platform set to unlock share holder value Premium offering with solid market positions and diverse customer segment exposure Fully integrated value chain with prominent metallurgy expertise and global footprint Multiple and tangible levers to deliver profitable growth, capitalizin
Slide 23: Thank you
Alleima Thank you alleima.com \ Alleima