Alfa Laval Ab · OMXSTO:ALFA
Alfa Laval Ab — Alfa Laval Corporate — Q1 2025 Earnings Presentation
20 slides from Alfa Laval Ab's earnings presentation, Apr 29, 2025
Slide 1: Report for Q1 2025
1 Report for Q1 2025 Tom Erixon President and CEO Classified by Alfa Laval as: Business Classified by Alfa Laval as: Business
Slide 2: Key figures
Key figures 2 SEK million Q1 2025 Q1 2024 Tot ∆ Org ∆* Q4 2024 Order intake 16,807 18,272 -8% -3% 18,476 Net sales 16,465 14,906 10% 10% 18,311 Adjusted EBITA 2,912 2,436 20% 2,922 Adjusted EBITA-margin 17.7% 16.3% 16.0% Q1 2025 Classified by Alfa Laval as: Business
Slide 3: Energy division
Energy division 3 Highlights and comments, SEK million Q1 25 Q1 24 Tot ∆ Org ∆* Q4 24 ORDERS 4,903 5,179 -5.3% -4.1% 5,054 SALES 4,786 4,643 3.1% 3.2% 5,186 Markets and order intake Adj EBITA 861 917 923 • Stable to positive demand in most end-markets and geographies. Adj EBITA (%) 18.0% 19.8% 17.8%
Slide 4: Food & Water division
Food & Water 4 division Highlights and comments, SEK million Q1 25 Q1 24 Tot ∆ Org ∆* Q4 24 ORDERS 6,315 6,357 -0.7% -0.5% 6,478 SALES 5,905 5,263 12.2% 11.5% 7,114 Markets and order intake Adj EBITA 894 742 1,008 • Growth in the transactional business and Service compensated for slower decisions fo
Slide 5: Marine division
Marine division 5 Highlights and comments, SEK million Q1 25 Q1 24 Tot ∆ Org ∆* Q4 24 ORDERS 5,589 6,736 -17.0% -5.1% 6,944 SALES 5,775 5,000 15.5% 16.1% 6,010 Markets and order intake Adj EBITA 1,259 894 1,104 • Demand stable both sequentially and compared to last year. Adj EBITA (%) 21.8% 17.9% 18
Slide 6: Service orders, Q1
Service orders, Q1 6 42%* Order intake, SEK million Marine 7 000 25 000 6 000 20 000 5 000 15 000 31%* 4 000 Food & Water 10 000 3 000 5 000 2 000 1 000 0 2021 2022 2023 2024 2025 30%* Order intake per quarter Rolling twelwe months value Energy Q1 2025 *% of total order Classified by Alfa Laval as:
Slide 7: Fives Cryogenic
Fives Cryogenic 7 Company • World-leading expert in cryogenic heat exchangers and pumps • EUR 200 million in revenue 2024 • 700 employees • HQ in France Technology • Designs and manufactures cryogenic heat exchangers and pumps for gas liquefaction • Necessity for both traditional gas applications an
Slide 8: Orders received by region
Orders received 8 by region Excluding currency effects 16 6 4 -7 North America 20 1 12 -7 Latin America 28 -21 Northern Europe Eastern Europe 7 0 Southern Europe 7 -26 7 19 India, Middle East & Africa NorthEast Asia SouthEast Asia & Oceania Q1 2025 Share of orders received year-to-date, % YTD Q1 202
Slide 9: Financials Q1 2025
9 Financials Q1 2025 Fredrik Ekström, CFO Q1 2025 29 April 2025 Classified by Alfa Laval as: Business
Slide 10: Orders received
Orders received 10 Q1 2025 SEK million • Order intake of 16,807 MSEK (18,272) • -8.0% growth 21 000 80 000 • -3.2% organic growth 18 000 70 000 • 0.0% structure 60 000 • -4.8% currency 15 000 50 000 12 000 Revaluation effect 40 000 9 000 • Total effect of 900 MSEK 30 000 • Whereof Marine 800 MSEK, d
Slide 11: Order book as per March 31
Order book as per 11 March 31 SEK billion Q1 2025 • Order book of 52.1 BSEK • 31.7 BSEK for delivery 2025 60 • 20.4 BSEK for delivery 2026 or 50 later • 9% increase YoY 40 • Order book corresponds to 30 9.1 months of sales • Q1 book-to-bill of 1.02 20 10 0 2021 2022 2023 2024 2025 For delivery durin
Slide 12: Sales
Sales 12 SEK million 20 000 80 000 Q1 2025 70 000 • Sales of 16,465 MSEK (14,906) 18 000 • 10.5% growth 60 000 16 000 • 10.4% organic growth 50 000 14 000 • 0.0% structure 40 000 12 000 • 0.0% currency 30 000 10 000 20 000 8 000 10 000 6 000 0 2021 2022 2023 2024 2025 Sales per quarter Order intake
Slide 13: Key figures
Key figures 13 SEK million Q1 2025 Q1 2024 Sales 16,465 14,906 Gross profit 6,057 5,210 Sales & Admin -2,604 -2,457 R&D -426 -395 Net other cost/income -216 -174 Operating income 2,800 2,199 Financial net -143 52 Profit before tax 2,657 2,250 Taxes -654 -557 EPS 4.82 4.07 Q1 2025 Classified by Alfa
Slide 14: Profitability
Profitability 14 SEK million Margin % Q1 2025 3 000 19,0 • Adj EBITA of 2,916 MSEK (2,436) • Margin of 17.7% (16.3%) 2 500 17,0 • Sales growth and mix supported profit and margin • Good PPV contribution and stable 2 000 15,0 manufacturing result • Limited impacted from structure and FX 1 500 13,0 1
Slide 15: Cash-flow statement
Cash-flow 15 statement SEK million Q1 2025 Q1 2024 FY 2024 EBITDA 3,601 2,777 12,828 Working Capital -1,382 -393 2,309 Taxes paid -814 -494 -2,359 Cash flow from operating activities 1,405 1,890 12,778 Capital expenditures -634 -818 -3,336 Free cash flow 771 1,072 9,442 Divestments 4 44 105 Acquisit
Slide 16: Debt position
Debt position 16 SEK million Maturity profile and liquidity buffer • Loans maturing 2024-2029: 9,664 MSEK • Average funding rate on our debt is 1.94% per annum Q1 2025 Q1 2024 12 000 Liquidity buffer Debt 9,745 13,913 10 000 Debt/EBITDA LTM 0,73 1.17 8 000 Cash & cash equivalents -8,017 -7,002 and c
Slide 17: Guidance
Guidance 17 Q2 2025 FY 2025 CAPEX Estimated ~0.8 BSEK Estimated 2.5 - 3.0 BSEK (cash) Currency impact Estimated transaction and translation Estimated transaction and translation on EBITA impact of 50 MSEK impact of 200 MSEK PPA amortization ~120 MSEK ~460 MSEK Tax rate 24–26% 24–26% Proposed dividen
Slide 18: Outlook for the second quarter
18 Outlook for the second quarter: “We expect demand in the second quarter to be on about the same level compared to the first quarter.” Q1 2025
Slide 19: Q&A Financial calendar 2025
19 Q&A Financial calendar 2025 Interim report Q2 Interim report Q3 Interim report Q4 22 July, 2025 28 October, 2025 3 February, 2026 Capital Markets Day 26 November, 2025 Q1 2025 Classified by Alfa Laval as: Business
Slide 20: Cautionary statement
Cautionary statement 20 This presentation contains forward-looking statements that are based on the current expectations of the management of Alfa Laval Group. Although management believes that the expectations reflected in such forward- looking statements are based on reasonable assumptions, no ass