Slide 1: Accelerating growth and strengthening our market position
Saab interim report January – June 2025 Accelerating growth and strengthening our market position Micael Johansson, President and CEO Anna Wijkander, CFO Merton Kaplan, Head of IR
Slide 2: Important information
Important This presentation may contain forward-looking statements which reflect Saab AB’s current view on future events and information financial and operational development. Words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate” and other expressions which imply indic
Slide 3: Highlights Q2 2025
Highlights Q2 2025 ▪ Continued geopolitical tensions and increased focus on deterrence ▪ High customer interest for the entire portfolio and for future capabilities ▪ Important progress across key campaigns for Gripen and GlobalEye ▪ Continued high pace in project execution and deliveries in all bus
Slide 4: Key figures
Q2 2025 Key figures Strong growth Order intake, SEK bn Increased Sales, SEK bn in small and sales volumes 28.4 19.8 medium-sized in all BAs and orders YoY in Combitech, particularly in Dynamics 28% decrese YoY 32% organic growth YoY EBIT increase EBIT, SEK bn Cash flow Operational cash flow, SEK bn
Slide 5: Gripen & GlobalEye Opportunities
Gripen & GlobalEye Opportunities Increasing interest for the Gripen E/F ▪ Entered formal negotiations with Thailand ▪ Gripen selected by Colombia for negotiation of 16-24 aircraft ▪ Campaigns for Gripen to Philippines and Peru ongoing Growing GlobalEye prospects ▪ Strategic agreement with France for
Slide 6: Aeronautics
Business Area Aeronautics ▪ Order for additional equipment for Gripen E to Sweden ▪ Successful milestone with Gripen E and AI ▪ Good progress on key programmes supporting growth ▪ Continued low production levels in T-7 Sales, SEK million 8,000 YoY +18.7% Order intake Q2 6.4 7,000 6,000 5,594 5,000 4
Slide 7: Dynamics
Business Area Dynamics ▪ Strengthened backlog with several medium-size orders ▪ Unusually strong growth driven by large deliveries ▪ Production capacity build-up efforts ongoing ▪ Securing long-term supply of explosives with suppliers Sales, SEK million YoY +72.5% 8,000 Order intake Q2 7.0 7,000 6,0
Slide 8: Surveillance
Business Area Surveillance ▪ Order for Giraffe 4A radar systems from Sweden ▪ Agreement with France for the GlobalEye and cooperation with Sabena Technics on aircraft modification ▪ Cooperation with General Atomics for future UAEW solution ▪ High pace in project activity across the business units Sa
Slide 9: Kockums
Business Area Kockums ▪ Strong order intake driven by Sweden for 22 combat boats, lightweight torpedoes system and modification of the Navy’s 5 Visby corvettes ▪ Ship launching milestones of the first Polish SIGINT ship ▪ Successful sea-trials with the HMS Halland post mid-life upgrade ▪ Unfavourabl
Slide 10: Combitech
Business Area Combitech ▪ High demand for Combitech’s solutions within defence with growing interest for AI, cybersecurity and digitalisation ▪ New AI and security related contracts signed in the quarter ▪ Growth from higher number of consultants in projects Sales, SEK million YoY +23.8% 1,600 Order
Slide 11: Sustainability highlights
Q2 2025 Sustainability highlights ▪ First SAF fuelling of Special Flight Operations aircraft operated by Saab with the potential to reduce overall Scope 1 by 150 tonnes in 2025 ▪ Scope 1 & 2 CO2-eq emissions decreased by 34% compared to base year 2020 ▪ Injury frequency rate decreased by 23% year-to
Slide 12: Outlook full year 2025
Outlook full year 2025 Organic sales EBIT growth higher Positive operational growth between than organic sales cash flow 16-20% growth Previous sales growth outlook Organic sales growth between 12-16% 12
Slide 13: Financial summary
Financial summary Anna Wijkander CFO 13
Slide 14: Strengthened backlog supporting future growth
Strengthened backlog supporting future growth Q2 2025 Q2 2025 Order Backlog Duration, SEK billion 198 Order backlog, SEK bn 71% Share of international orders in backlog, +9% (SEK 183 bn in Q2 2024) (70% in Q2 2024) +30% 57.1 55.3 52.4 ▪ Order backlog increased 8% YoY +18% 42.7 -21% ▪ 2.8x of 2025 R1
Slide 15: Sales
Sales Business areas Aeronautics, SEK million Dynamics, SEK million YoY +18.7% YoY +72.5% 8,000 8,000 7,000 7,000 6,000 5,594 6,000 5,615 5,714 Group Sales, SEK million 5,000 4,525 4,424 5,000 YoY +30.4% 4,000 3,726 4,000 30,000 3,322 3,312 3,143 3,056 3,000 3,000 25,000 2,000 2,000 20,850 19,786 1,
Slide 16: Profitability
Profitability Business areas Aeronautics, SEK million Dynamics, SEK million YoY -3.1% 24% 14% YoY 101.0% 1,600 1,600 20.9% 21% 12% Group EBIT, SEK million 17.9% 1 192 1 194 18% 1,200 10% 1,200 YoY +48.5% 15% 8% 6.9% 12% 2,500 10.0% 800 800 9.4% 5.6% 6% 594 9.2% 9% 8.8% 8.8% 1,977 412 461 1,953 367 4
Slide 17: Financial summary Q2 2025
Financial summary Q2 2025 Comments Saab Group, SEK million unless otherwise stated Q2 2025 Q2 2024 Change ▪ Sales growth of 30.4%, of which 31.5% organic (-1.1 %p currency) Sales 19,786 15,170 30.4% ▪ Gross margin decline due to higher corporate cost Gross Income 4,256 3,380 25.9% related to IT secu
Slide 18: Financial summary H1 2025
Financial summary H1 2025 Comments Saab Group, SEK million unless otherwise stated Jan-Jun Jan-Jun ▪ Sales growth of 21.2%, of which 21.9% organic 2025 2024 Change FY 2024 (-0.8 %p currency, +0.1 %p M&A) Sales 35,578 29,355 21.2% 63,751 ▪ Increased gross margin following improvements in Gross Income
Slide 19: Cash flow
Cash flow Group Cash Flow June YTD, SEK billion Operational Cash Flow per BA June YTD, SEK billion 5.1 June 2025 -2.9 -2.5 14.0 Return on 0.5 equity, % -1.3 5.6 (11.2% in June 2024) -1.2 -3.3 June 2025 -1.2 -0.6 -1.8 -3.5 15.3 Return on capital CF from Change Investments OCF Taxes, FCF Aeronautics D
Slide 20: Solid balance sheet
Solid balance sheet Liquidity / Debt position, SEK billion 6 -1x June 2025 June 2025 5 4 -0,8x -0,6x -0.07x Net debt/EBITDA* 37.7% Equity/Asset ratio 3 -0,4x 2 June 2025 June 2025 -0,2x 1 0 0.7 0x 10.7 Cash and liquid 6.0 Unutilised Revolving Credit investments, SEK bn Facility, SEK bn -1 0,2x -2 0,
Slide 21: Saab Interim Report January - June 2025
SAAB INTERIM REPORT 21 JANUARY - JUNE 2025