Kalmar Corporation Class B · OMXHEX:KALMAR
Kalmar Corporation Class B — SEB Nordic Seminar 2026
33 slides from Kalmar Corporation Class B's conference presentation, Jan 8, 2026
Slide 1: SEB Nordic Seminar
SEB Nordic Seminar 8.1.2026 Sami Niiranen CEO, Kalmar Corporation 1
Slide 2: Agenda
Agenda 1. Q3 2025 highlights 2. Market environment 3. Electrification and automation 4. Why invest in Kalmar? 5. Strategy execution towards profitable growth and a service driven company
Slide 3: Disclaimer
Disclaimer Disclaimer This presentation includes forward-looking statements that Thisare basedincludes presentation on forward-looking present plans, estimates, statements projections that are based andestimates, projections and on present plans, expectations and are not guarantees of future perform
Slide 4: Q3 2025 highlights
mati sleetio ‘aul ,eUue — Q3 2025 highlights Kalmar ,
Slide 5: Q3 2025 highlights – improved profitability in the quarter
Q3 2025 highlights – improved profitability in the quarter • Record-high comparable operating profit Comparable operating profit, MEUR and % margin (13.8%), supported by Services and improved efficiencies • Market activity during the quarter in line with our expectations: global market uncertainty p
Slide 6: A solid foundation and a well diversified business with solid profitability
A solid foundation and a well diversified business with solid profitability Services share Addressable markets by Geographical Eco portfolio of sales Q3/25 customer segment sales split Q3/25 share of sales Q3/25 Heavy Logistics Ports and Terminals AMEA Europe 24% 35% 22% 38% 34% 46% Manufacturing Di
Slide 7: Market environment
Market environmen Kalmar ;
Slide 8: Kalmar is addressing a large and growing global market
Kalmar is addressing a large and growing global market Global heavy material handling market ▪ Upside from industry Total market size, segmentation and growth1, EUR bn, 2023-2028F decarbonisation and electrification increasing equipment complexity ▪ Additional value pools from new data-driven busine
Slide 9: Slightly more resilient global growth in 2025
Slightly more resilient global growth in 2025 Average growth rate 2024-28: 4.1% Average growth rate 2019-23: 2.1% Average growth rate 2024-28: 3.2% Average growth rate 2019-23: 2.8% Average growth rate 2024-28: 3.3% Average growth rate 2024-28: 2.6% Average growth rate 2019-23: 2.7% Average growth r
Slide 10: Connected fleet activity on a good level
Connected fleet activity on a good level y/y: +2% q/q: +2% Overall y/y: -3% y/y: +2% q/q: -4% q/q: +3% y/y: +1% q/q:+1% y/y: +9% q/q: +7% 68,000+ installed base y/y: 0% q/q: +3% 14,500+ y/y: +5% connected q/q: +7% y/y: +3% equipment q/q: +1% Change in equipment activity: 10 y/y = Q3/2025 vs Q3/2024
Slide 11: Market is pushing for electrification and our customers are increasingly active
Market is pushing for electrification and our customers are increasingly active Electrification is driving the market3 Safety, Sustainability & Regulation 11% 63% accelerates decarbonisation of equipment of customers plan 41% orders were fully zero or low emission electric in capex by 20282 Q3/25 LT
Slide 12: Order releases booked in Q4
Order releases booked in Q4 16 hybrid straddle 3 Kalmar hybrid 10-year strategic A Modernisation carriers to Transnet Port straddle carriers to Forth supply agreement with Services agreement Terminals (TPT) in Ports Grangemouth in Patrick Terminals, with Eurogate Container Cape Town and Port Scotlan
Slide 13: Actions towards sustainable growth in Q4
Actions towards sustainable growth in Q4 A strategic partnership with Independent Rough The launch of a Kalmar introduced a Terrain Center (IRTC) comprehensive new range next-generation lithium-ion LLC to distribute and of DC charging solutions in (Li-ion) battery solution for service IRTC’s Rough p
Slide 14: Electrification and automation
Electrification and automation 14
Slide 15: Comparing the total cost of ownership for Reachstackers
Comparing the total cost of ownership for Reachstackers Norway Equipment assumptions 5 year total cost of ownership comparison • Same machine model sizes and capacities -8% • Basic configurations for all machines -24% • 326 kWh battery for ERG450 • Same drive cycle and energy consumptions • 3,000 ru
Slide 16: Fully automated terminal
Fully automated terminal APM Terminals, Pier 400, Los Angeles, USA Terminal setup Brownfield: fully automated • Marine terminal • AutoStrad terminal Solution • 132 AutoStrads • 2 Kalmar Electric Autostrads (High Power Battery) • Retrofit 1 AutoSTrad to Electric AutoStrad • 2 FastCharge Stations • 14
Slide 17: Why invest in Kalmar?
BM os ee z Why invest-.in Kalmar? Kalmar ,7
Slide 18: Pure-play leader in the heavy material handling market
Pure-play leader in the heavy material handling market #1 #2-3 #1 #1 #1 Reachstackers1 Forklift Trucks, Terminal Straddle Spreaders medium and heavy Tractors Carriers EQUIPMENT SERVICES A leading service network in the industry, close to customers2 Spare parts Maintenance Lifecycle solutions # Refer
Slide 19: Serving our four customer segments
Serving our four customer segments Ports and terminals Distribution Manufacturing Heavy logistics
Slide 20: Leading sales and service network in the industry
Leading sales and service network in the industry Kalmar Innovation Centre, Kalmar Innovation Centre, Tampere, Finland Ljungby, Sweden Head Office, Helsinki, Finland Kalmar Factory, Stargard, Poland 1,400+ Kalmar Factory, Ottawa, United States Service Kalmar Factory, technicians Shanghai, China Sale
Slide 21: Investment highlights – Making every move count
Investment highlights – Making every move count Global leader in an attractive market for mission-critical heavy material handling Partnering long-term with our customers to deliver a stronger impact Geared to grow by making the industry more electrified, intelligent and sustainable Significant serv
Slide 22: Strategy execution towards profitable growth and a service driven company
Strategy execution towards profitable growth and a service driven company 22
Slide 23: Making every move count
Making every move count Market drivers Productivity Vision: Forerunner in sustainable material Safety handling equipment and services Intelligent operations Decarbonisation & Electrification Changing logistics landscape Labour shortage Strategic pillars Investing in Sustainable Innovations Growing S
Slide 24: Guidance for 2025
Guidance for 2025 Kalmar expects its comparable operating profit margin to be above 12 percent in 2025. 24
Slide 25: Q&A
Q&A
Slide 26: Appendix
Appendix – Key figures – Driving Excellence – Kalmar’s performance targets for 2028 – Capital allocation – Tariffs
Slide 27: Key figures
Key figures MEUR 3/24 Change Q1-93/25 Q1-93/24 ‘Change 2024 Orders received 76 “10% 11306 1198 0% 1.679 Order book, end of period 905 6% 61 905 6% 955 Sales 425 3% 1.254 1.280 -2% 1720 Eco portfolio sales 172 17% 555 516 8% 698 Eco portfolio sales, % of sales 40% 44% 40% 41% Eco portfolio orders rec
Slide 28: Driving excellence across operations
Driving excellence across operations Driving excellence to target best-in-class commercial performance and cost efficiency Kalmar is planning to 2021 2022 2023 2024 2025 2026 2027 2028 reach approximately Exit Heavy Cranes €50 million Portfolio Business* gross efficiency improvements Optimisation Ex
Slide 29: Kalmar's performance targets for 2028
Kalmar’s performance targets for 2028 Financial targets 5% 15% >25% Sales growth p.a. Comparable operating ROCE1 over the cycle profit margin Capital Aligned with2 Kalmar aims for a structure and SBTi targets <2x dividend payout ratio of sustainability framework with 1.5°C Leverage3 (Net Debt to EBI
Slide 30: Capital allocation to support profitable growth, sustainability and shareholder returns
Capital allocation to support profitable growth, sustainability and shareholder returns Investing in organic growth Principles for capital allocation prioritization Organic Long-term Shareholder CAPEX Strong M&A growth growth returns balance sheet readiness possibilities Prioritising R&D spend Aim f
Slide 31: Navigating tariffs – the full impact remains unclear
Navigating tariffs – the full impact remains unclear Equipment sales to and from US Canada Stargard, Poland United States Ottawa, United States Shanghai, China In addition to Mexico equipment sales, spare parts and service operations generate material Ipoh, Malaysia revenue in the US. (Bromma) Equip
Slide 32: Making every move count.
Making every move count. 32
Slide 33: Kalmar
Kalmar