Trelleborg Ab Class B · OMXSTO:TREL_B
Trelleborg Ab Class B — Q2 2026 Earnings Presentation
29 slides from Trelleborg Ab Class B's earnings presentation, July 2026
Slide 1: April-June 2026
\pril-June 2026 = Peter Nilsson, President & CEO —— == “ Fredrik Nilsson, CFO_~ = VU TRELLEBORG
Slide 2: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2026 Q&A 2 TRELLEBORG GROUP
Slide 3: Strong growth and record-high margin
Strong growth and record-high margin Q2 2026 financial summary1 • Sales at SEK 9 161 M (8 551), an increase of 7 percent – highest to date for a single quarter • Organic sales +8 percent, M&A +1 percent, currency -2 percent • EBITA at SEK 1 761 M (1 587), corresponding to a margin of 19.2 percent (1
Slide 4: Net sales and organic sales development by geography
Net sales and organic sales development by geography Region Share of global Net sales, Organic Net sales, Organic net sales1 SEK M growth,% SEK M growth,% Apr – Jun 26 Apr – Jun 26 Apr – Jun 25 Apr – Jun 25 Europe 43% 3 965 +6% 3 698 -2% Americas 33% 3 025 +9% 2 872 -3% Asia & 24% 2 171 +10% 1 981 +
Slide 5: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2026 Q&A 5 TRELLEBORG GROUP
Slide 6: Solid organic growth
Solid organic growth Trelleborg Industrial Solutions1 • Organic sales +4 percent; M&A +1 percent • Temporarily lower project deliveries – expected SEK M Q2 2026 Q2 2025 Change, % to increase in second-half of 2026 Net sales 4 053 3 924 +3 • Deliveries to the construction industry showed some improve
Slide 7: Stable organic growth
Stable organic growth Trelleborg Medical Solutions1 • Organic sales +2 percent • Solid sales growth to medtech in Europe and SEK M Q2 2026 Q2 2025 Change, % North America, while Asia was lower Net sales 856 832 +3 • Life science segment performed robustly Organic, % +2 -3 • EBITA improved slightly a
Slide 8: Strong sales and profit growth
Strong sales and profit growth Trelleborg Sealing Solutions1 • Organic sales +12 percent; M&A +1 percent • Sales to the industrials segment performed SEK M Q2 2026 Q2 2025 Change, % strongly, driven primarily by Europa and Asia Net sales 4 440 4 014 +11 • Automotive segment grew in all markets, back
Slide 9: Sustainability KPIs – Group
Sustainability KPIs – Group Carbon dioxide emissions Scope 1 & 2 -19 % ktons, CO₂ 16.0 15.5 14.0 12.2 12.2 12.0 9.9 10.0 8.3 8.0 6.0 4.0 2.0 0.0 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 9 TRELLEBORG GROUP
Slide 10: Sustainability KPIs – Group
Sustainability KPIs – Group Share of renewable and fossil-free electricity +7 pp GWh 91% 98% 100.0 81.6 84.4 83.7 85.8 80.0 79.4 77.2 79.6 76.8 78.7 71.9 60.0 40.0 20.0 0.0 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Renewable and fossil-free electricity Total electricity Renewable and fossil-free electricity / T
Slide 11: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2026 Q&A 11 TRELLEBORG GROUP
Slide 12: Solid organic growth
Solid organic growth Group sales development +7% April – June (%) 8 551 9 161 Organic 8 Structural 1 Currency -2 Total 7 Q2 25 Q2 26 January – June (%) +2% Organic 6 17 417 17 767 Structural 2 Currency -6 Total 2 6M 25 6M 26 12 TRELLEBORG GROUP
Slide 13: Target: 8% annual sales growth with constant currencies over a business cycle
Target: 8% annual sales growth with constant currencies over a business cycle1 % 20% 12 10% 8 9 7 7 6 4 5 4 3 3 0 0% -5 -10% 23 23 23 24 24 24 24 25 25 25 25 26 26 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Of which organic growth, %: 3 -1 0 -3 1 1 1 1 -1 4 1 4 8 1 Structural growth + organic growth, ex
Slide 14: Sales development
Sales development Group, R12M SEK M SEK M 10 000 35 000 9 000 30 000 8 000 7 000 25 000 6 000 20 000 5 000 15 000 4 000 3 000 10 000 2 000 5 000 1 000 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 23 23 23 24 24 24 24 25 25 25 25 26 26 Quarter (LHS) R12M (RHS) 14 TRELLEBORG GROUP
Slide 15: EBITA and margin improved further
EBITA and margin improved further EBITA and margin development1 +11% +0.6 pp 1 761 18,6 19,2 1 587 EBITA Apr - Jun EBITA % Q2 25 Q2 26 Q2 25 Q2 26 +4% +0.4 pp 3 203 3 347 18,4 18,8 EBITA Jan - Jun EBITA % 6M 25 6M 26 6M 25 6M 26 1 Excluding items affecting comparability 15 TRELLEBORG GROUP
Slide 16: R12M EBITA
R12M EBITA EBITA and margin, R12M1 SEK M % 7 000 +3% 20 6 000 18 5 000 4 000 16 3 000 14 2 000 12 1 000 0 10 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 23 23 23 24 24 24 24 25 25 25 25 26 26 EBITA EBITA % 1 Excluding items affecting comparability 16 TRELLEBORG GROUP
Slide 17: Profit & loss statement
Profit & loss statement SEK M Q2 2026 Q2 2025 Change, % 6M 2026 6M 2025 Change, % Net sales 9 161 8 551 7 17 767 17 417 2 EBITA, excluding items affecting comparability 1 761 1 587 11 3 347 3 203 4 EBITA-margin, % 19.2 18.6 18.8 18.4 EBIT, excluding items affecting comparability 1 618 1 442 12 3 066
Slide 18: Strong EPS growth
Strong EPS growth Earnings per share1 % +18% % +20% 6 5,07 6 4,85 4,31 4,03 4 Group 4 Apr - Jun Group 2 2 excl. items affecting comparability 0 0 Q2 25 Q2 26 Q2 25 Q2 26 +13% +11% % % 9,20 10 9,57 10 8,11 8,59 Group Group 5 Jan - Jun 5 excl. items affecting comparability 0 0 6M 25 6M 26 6M 25 6M 26
Slide 19: Solid cash flow improvement
Solid cash flow improvement Operating cash flow1 SEK M Q2 2026 Q2 2025 Change EBITDA 2 126 1 939 187 187 209 24 1 217 Working capital -535 -339 -196 1 000 -7 Net capex -286 -495 209 -196 Leasing -94 -87 -7 Other 6 -18 24 Operating cash flow 1 217 1 000 217 Q2 25 EBITDA Working Net Leasing Other Q2 2
Slide 20: Cash conversion remains at a strong level
Cash conversion remains at a strong level Operating cash flow, R12M1 SEK M % 6 000 140 5 500 5 000 120 4 500 100 4 000 99 95 93 95 96 3 500 88 92 89 90 92 80 88 85 87 3 000 2 500 60 2 000 40 1 500 1 000 20 500 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 23 23 23 24 24 24 24 25 25 25 25 26 26 Operatin
Slide 21: Balance sheet remains robust
Balance sheet remains robust Gearing and leverage, R12M % X 60 56 2,5 2,4 50 2,0 40 1,5 1,3 27 30 1,0 1,1 20 21 1,0 0,9 20 16 10 0,5 0 0,0 -10 -6 -0,2 -0,5 22 23 24 25 26 26 22 23 24 25 26 26 Q1 Q2 Q1 Q2 Net debt / Equity Net debt / EBITDA 21 TRELLEBORG GROUP
Slide 22: ROCE continues to improve
ROCE continues to improve Return on capital employed, R12M, %1 15,0 13,9 13,0 12,9 12,7 13,0 12,5 12,3 12,6 12,5 12,2 12,0 12,0 12,1 11,6 10,0 7,5 5,0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 23 23 23 24 24 24 24 25 25 25 25 26 26 1 Excluding items affecting comparability 22 TRELLEBORG GROUP
Slide 23: Financial guidelines for full-year 2026
Financial guidelines for full-year 2026 SEK SEK SEK ~1.45 B ~375 M ~650 M ~25% Capex Restructuring Amortization of Underlying costs intangible assets tax rate 23 TRELLEBORG GROUP
Slide 24: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2026 Q&A 24 TRELLEBORG GROUP
Slide 25: Strong growth and record-high margin
Strong growth and record-high margin Q2 2026 financial summary 01 02 03 04 Improved Improved Improved Continued demand earnings cash flow share buy-backs Sales EBITA and margin Strong cash flow Buy-back program - highest to date for - highest to date for generation and cash continues at a rate of a
Slide 26: Outlook Q3 2026
Outlook Q3 2026 • Demand is expected to remain solid, although somewhat lower than in the second quarter of 2026, reflecting higher comparative figures and seasonal variations • Due to the geopolitical situation, the outlook is associated with continued uncertainty 26 TRELLEBORG GROUP
Slide 27: Agenda
Agenda • Highlights Highlights Business areas Financials Summary & Outlook Q3 2026 Q&A 27 TRELLEBORG GROUP
Slide 28: Trelleborg Group
28 TRELLEBORG GROUP VU TRELLEBORG
Slide 29: www.trelleborg.com
VA TRELLEBORG www.trelleborg.com