Scandinavian Tobacco Group A/s · OMXCOP:STG
Scandinavian Tobacco Group A/s — Q1 2026 Earnings Presentation
19 slides from Scandinavian Tobacco Group A/s's earnings presentation, May 21, 2026
Slide 1: Investor Presentation: First Quarter Results
INVESTOR PRESENTATION FIRST QUARTER RESULTS 21 MAY 2026
Slide 2: Important Disclosures
IMPORTANT DISCLOSURES FORWARD LOOKING STATEMENTS All statements except for statements of historical fact in this presentation are forward-looking. Forward-looking statements refer to Scandinavian Tobacco Group’s (“STG”) current expectations and projections relating to its financial condition, result
Slide 3: Agenda
AGENDA 01 First Quarter 2026 Highlights Niels Frederiksen, CEO & Marianne Rørslev Bock, CFO 02 Strategy Update & Our Product Categories Niels Frederiksen, CEO 03 Group Financials and Commercial Divisions Marianne Rørslev Bock, CFO 04 Financial Expectations 2026 Niels Frederiksen, CEO 05 Q&A 3
Slide 4: First Quarter 2026 Highlights
FIRST QUARTER 2026 HIGHLIGHTS 4
Slide 5: Highlights
HIGHLIGHTS Initial execution of Focus2030 strategy progressing well Focus remains on: • protecting our market positions • stabilising machine-rolled cigar business • growing handmade cigars • accelerating our nicotine pouch business Solid foundations being laid for long-term success & delivering on
Slide 6: Q1 2026 Results: Steady Progress in Seasonally Low Quarter
Q1 2026 RESULTS STEADY PROGRESS IN SEASONALLY LOW QUARTER Net sales EBIT margin FCF before acquisitions Adjusted EPS Growth, constant currencies Before special items DKK million DKK -0.6% 10.4% (10.4%) 158 1.1 Q1 2026 1,859m Q1 2026 193m Q1 2026 158m Q1 2026 1.1 Q1 2025 1,974m Q1 2025 206m Q1 2025 1
Slide 7: Strategy Update and Our Product Categories
STRATEGY UPDATE AND OUR PRODUCT CATEGORIES 7
Slide 8: Our Strategic Priorities
OUR STRATEGIC PRIORITIES STABILISE GROW ACCELERATE MACHINE-ROLLED CIGARS HANDMADE CIGARS NICOTINE POUCHES • Roll-out of Power Brand strategy • Roll-out of Power Brand strategy • Building on established position in Sweden o XQS above 13% market share • Rebranding of Mehari’s • Product innovation well
Slide 9: Investing in Our Power Brands: A Few Examples
INVESTING IN OUR POWER BRANDS A FEW EXAMPLES PACKAGING REBRAND TO INTRODUCTION OF NEW PARTNERSHIP WITH TEAM REFLECT HISTORICAL LIMITIED EDITION SERIE M PARKER RACING FOR 2026 CRAFTSMANSHIP RESERVA PLATA PORSCHE CARRERA CUP 9
Slide 10: Product Categories: Key Financial Data
PRODUCT CATEGORIES: KEY FINANCIAL DATA MACHINE-ROLLED CIGARS HANDMADE CIGARS & SMOKING TOBACCO Q1 2026 Q1 2025 Q1 2026 Q1 2025 Net sales (DKK million) 956 1,011 Net sales (DKK million) 660 673 Organic growth -3% - Organic growth 8% - Gross margin before special items 52.8% 49.9% Gross margin before
Slide 11: Group Financials and Commercial Divisions
GROUP FINANCIALS AND COMMERCIAL DIVISIONS 11
Slide 12: First Quarter 2026
FIRST QUARTER 2026 DKK million Q1 2026 Q1 2025 Change Headline Financials Net sales reported 1,859 1,974 -6% Gross profit before special items 824 867 EBITDA before special items 320 317 1% EBIT before special items 193 206 -6% Net profit 43 52 • Exchange rate impacts net sales by -5.2% Free cash fl
Slide 13: Commercial Divisions – Key Financial Data
COMMERCIAL DIVISIONS – KEY FINANCIAL DATA EUB NABROW NAOR Group Q1 2026 Change Q1 2026 Change Q1 2026 Change Q1 2026 Change Net sales (DKK million) 630 -8.4% 655 -1.9% 575 -7.1% 1,859 -5.8% Organic growth -8.7% 4.5% 2.8% -0.6% Gross margin before special items 51.3% +10.0%p 45.3% -4.2%p 35.6% -5.2%p
Slide 14: Financial Expectations 2026
FINANCIAL EXPECTATIONS 2026 14
Slide 15: FY26 Financial Expectations Maintained
FY26 FINANCIAL EXPECTATIONS MAINTAINED REPORTED EBIT FREE CASH ADJUSTED NET SALES MARGIN* FLOW* EPS GROWTH* Range of Range of DKK 950-1,200 DKK 9-11 -2% to 2% 13.0%-14.5% million * at constant currencies *before special items * before acquisitions 15
Slide 16: Q&A Session
Q&A SESSION Visit our website for more information: st-group.com 16
Slide 17: Thank You
s| SCANDINAVIAN TOBACCO GROUP
Slide 18: 2026 Financial Calendar
2026 FINANCIAL CALENDAR ANNUAL REPORT 2025 Our 2025 Annual Report addresses our financial performance, strategic execution 15 April 2026 26 August 2026 and other important aspects of our business Annual General Meeting Q2 Interim Report operations. 4 March 2026 20 May 2026 11 November 2026 Annual Re
Slide 19: Product Categories, LTM Trends
PRODUCT CATEGORIES, LTM TRENDS Machine-rolled Cigars & Smoking Tobacco Handmade Cigars 3400 49% 4750 56% 55% 47% 4500 3200 54% 45% 4250 53% 43% 52% 3000 4000 41% 51% 3750 50% 2800 39% Next Generation Products 500 45% 400 40% 300 35% 200 30% 100 0 25% 19
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