Slide 1: Q1 2025 Interim Report Webcast Presentation
May 2025 Q1 2025 Interim Report Webcast Presentation NKT A/S | Q1 2025 | Webcast | May 2025 | 1
Slide 2: Today's presenting team
Today’s presenting team Claes Westerlind Line Andrea Fandrup President & CEO CFO NKT A/S | Q1 2025 | Webcast | May 2025 | 2
Slide 3: Forward looking statements
Forward looking statements This presentation and related comments contain forward- looking statements. Such statements are subject to many uncertainties and risks, as various factors of which several are beyond NKT A/S’ control, may cause that the actual development and results differ materially fro
Slide 4: Key messages Q1 2025
Key messages Q1 2025 High activity level and progress on ongoing investments across all three business lines High activity level and Operational EBITDA of Capacity expansion Long-term supply overall satisfactory EUR 81m up from EUR projects progressing agreement signed with Hydro execution across al
Slide 5: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | Q1 2025 | Webcast | May 2025 | 5
Slide 6: Financial performance in Q1 2025
Financial performance in Q1 2025 11% organic revenue* growth with high activity level across all three business lines Key developments in Q1 2025 Key financial highlights (EURm) Revenue* ▪ Solutions with increased operational EBTIDA and organic revenue* 11% growth of 20% driven by high activity leve
Slide 7: Solutions – Q1 2025
Solutions – Q1 2025 NKT Solutions Applications Serv. & Acc. High activity level and overall satisfactory execution Q1 2025 financial highlights Customer 388m 20% 57m offerings ▪ High-voltage AC/DC off-/onshore power cable solutions Revenue*, EUR Organic growth Oper. EBITDA, EUR ▪ Organic growth of 2
Slide 8: High-voltage market and order backlog
High-voltage market and order backlog NKT Solutions Applications Serv. & Acc. Continued high level of market activity in Q1 2025. High-voltage High-voltage order backlog (EURbn) order backlog maintained at high level >2.5 >3.5 >3.5 ▪ NKT estimates that the value of projects awarded in its addressabl
Slide 9: Applications – Q1 2025
Applications – Q1 2025 NKT Solutions Applications Serv. & Acc. Organic growth* driven by power distribution grid segment Q1 2025 financial highlights Customer 203m 11% 18m offerings ▪ Medium-voltage power cables for distribution grid ▪ Low-voltage power cables and building wires ▪ Telecom and other
Slide 10: Service & Accessories – Q1 2025
Service & Accessories – Q1 2025 NKT Solutions Applications Serv. & Acc. Increase in operational EBITDA driven by both business areas Q1 2025 financial highlights Customer 70m -6% 13m offerings ▪ High- and medium-voltage accessories ▪ Power cable services Revenue*, EUR Organic growth Oper. EBITDA, EU
Slide 11: Update on major capacity investment projects
Update on major capacity investment projects New high-voltage factory in Karlskrona New cable-laying vessel, NKT Eleonora Key activities: Key activities: ▪ Progressing according to ▪ Progressing according to plan plan ▪ Keel-laying ceremony in ▪ Permission for habour January expansion received ▪ Wor
Slide 12: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | Q1 2025 | Webcast | May 2025 | 12
Slide 13: Income statement: Organic growth driven by Solutions
Income statement: Organic growth driven by Solutions Income statement highlights Key developments in Q1 2025 Q1 FY EURm 2025 2024 2024 ▪ 11% organic growth* mainly from 20% organic growth* in Revenue 837 704 3,252 Solutions driven by high activity level and overall satisfactory Revenue (Std. metal p
Slide 14: Cash flow: Negative cash flow driven by investments and working capital
Cash flow: Negative cash flow driven by investments and working capital Cash flow statement highlights Key developments in Q1 2025 Q1 FY EURm 2025 2024 2024 ▪ Cash flow from operating activities of EUR -141m with Cash flow from operating activities -141 48 1,039 negative contribution from changes in
Slide 15: Balance sheet: Increased working capital since end-2024
Balance sheet: Increased working capital since end-2024 Balance sheet highlights Key developments in Q1 2025 31 Mar 31 Dec EURm 2025 2024 2024 ▪ Working capital increased from EUR -1,432m at year-end 2024 to Working capital -1,184 -667 -1,432 EUR -1,184m due to normal phasing between milestone payme
Slide 16: Financial outlook for 2025
Financial outlook for 2025 The financial outlook is based on several assumptions including: ▪ Satisfactory execution of high-voltage investments and projects to deliver on expected profitability margin ▪ Satisfactory operational execution across business lines ▪ Stable market conditions for Applicat
Slide 17: Trajectory towards medium-term financial ambitions for 2028
Trajectory towards medium-term financial ambitions for 2028 Organic revenue* CAGR RoCE% Operational EBITDA from 2021 EUR >700m >14% >20% NKT A/S | Q1 2025 | Webcast | May 2025 | 17
Slide 18: Key messages Q1 2025
Key messages Q1 2025 High activity level and progress on ongoing investments across all three business lines High activity level and Operational EBITDA of Capacity expansion Long-term supply overall satisfactory EUR 81m up from EUR projects progressing agreement signed with Hydro execution across al
Slide 19: Investor Relations Update Questions & Answers
Investor Relations Update Questions & Answers
Slide 20: Financial calendar 2025
Financial calendar 2025 2025 Event 15 August Interim report, H1 2025 For full list of 19 November Interim report, Q1-Q3 2025 Investor Relations events, please visit investors.nkt.com NKT A/S | Q1 2025 | Webcast | May 2025 | 20