Volvo Car Ab Class B · OMXSTO:VOLCAR_B
Volvo Car Ab Class B — Q1 2026 Earnings Presentation
18 slides from Volvo Car Ab Class B's earnings presentation, Apr 29, 2026
Slide 1: Q1 2026
Q1 2026 29 April 2026 Håkan Samuelsson, President & CEO Erik Severinson, Chief Commercial Officer Fredrik Hansson, CFO 1
Slide 2: Volvo Cars' unique benefits
Volvo Car Group Results Presentation Q1 2026 Volvo Cars’ unique benefits 01. 02. 03. 04. 05. 06. Electrification We will remain Unique access Profitable BEVs Investments Meeting is an a strong global to China cost and core for future in customer opportunity brand in a structure and compute place – b
Slide 3: Volvo Cars growth through electrification
Volvo Car Group Results Presentation Q1 2026 Volvo Cars growth through electrification Q1 BEV growth Q1 BEV share Q1 electrified share 12% Fastest growing premium brand 24% Highest among premium peers 47% Highest among premium peers 3
Slide 4: EX60 uncompromised BEV
Volvo Car Group Results Presentation Q1 2026 EX60 uncompromised BEV New core technology cell-to-body and mega casting, best-in-class range Hugin Core – game-changing core system Only premium player recognised with S&P level-5 ranking New transparent customer offering Successful start of pr
Slide 5: Product additions to increase addressable market
Volvo Car Group Results Presentation Q1 2026 Product additions to increase addressable market Updated EX30 with entry level powertrain, making the car more attractive than ever Front-wheel drive XC70 introduced in China, reinforcing our PHEV position EX90 and ES90 available in 8 new markets
Slide 6: Turnaround plan expanded
Volvo Car Group Results Presentation Q1 2026 Turnaround plan expanded Cost & cash Synergies Top-line Actions reduced indirect Joint procurement actions Operational sales spend by SEK 1.4 bn in Q1 with Geely performance Well on track towards Consolidating Polestar 3 Profitable electrified
Slide 7: Very tough US and China but Europe remains resilient
Volvo Car Group Results Presentation Q1 2026 Very tough US and China but Europe remains resilient Europe United States China – Premium segment up but – Tougher than expected market – Very competitive landscape pricing pressure remains – Overall industry down, – Traditional premium segment – Volvo –
Slide 8: Delivering in Europe, our biggest region
Volvo Car Group Results Presentation Q1 2026 Delivering in Europe, our biggest region One of the fastest growing premium BEV Commercial momentum – brands, with increasing overall retail order pace On track with transformation plan Profitable growth Customer-centric offers 10 18% Strong EX60 Portfo
Slide 9: Financial Update Q1 2026
Volvo Car Group Results Presentation Q1 2026 FINANCIAL UPDATE Q1 2026 9
Slide 10: Focused execution in a challenging external environment
Volvo Car Group Results Presentation Q1 2026 Focused execution in a challenging external environment Retail sales Wholesales Revenue Group EBIT Cash flow (k UNITS) (k UNITS) (bn SEK) (bn SEK/%) from operating and investing activities (bn SEK) -0.3 bn -11% -3% -12% 1.9 1.9 bn 172 161 156 83 (2.3%) 15
Slide 11: Revenue heavily impacted by FX
Volvo Car Group Results Presentation Q1 2026 Revenue heavily impacted by FX -10.3 BN SEK (-12%) 82.9 0.7 -3.4 72.6 -6.7 -0.9 Revenue Volume Sales mix Foreign Other¹ Revenue Q1 2025 and pricing exchange rates Q1 2026 1) Including sale of licences, contract manufacturing, used cars, parts and accessor
Slide 12: EBIT headwinds offset by cost actions
Volvo Car Group Results Presentation Q1 2026 EBIT headwinds offset by cost actions -0.3 BN SEK (-17%) 1.4 1.9 0.1 0.5 (2.3%) 1.7 -1.0 1.6 (2.2%) -0.4 -0.7 -1.9 Group EBIT Volume Sales mix Variable cost¹ Indirect spend² Capitalised D&A Foreign Other³ Group EBIT Q1 2025 and pricing Product exchange ra
Slide 13: Cash flow impacted by planned inventory build-up
Volvo Car Group Results Presentation Q1 2026 Cash flow impacted by planned inventory build-up Cash flow from operating and investing activities -10.0 bn SEK Undrawn credit facilities 81 Cash 70 23 8 24 -8 -3 -7 -1 58 46 Liquidity EBITDA Net working Other working Investments Financing³ Liquidity Dec
Slide 14: Looking ahead
Volvo Car Group Results Presentation Q1 2026 Looking ahead Near term Second half ‒ Focused on execution of SEK 5 bn cost ‒ Volume growth from expanded and cash savings – continuing in H2 portfolio ‒ Continued macro pressure – increased ‒ Continued growth of BEV share raw material and freight costs ‒
Slide 15: Q&A
Volvo Car Group Results Presentation Q1 2026 Q&A 15
Slide 16: Disclaimer
Volvo Car Group Results Presentation Q1 2026 Disclaimer • By accessing this document, the person to whom it is expressed. This document speaks as of the date hereof and provided (the “Recipient”) agrees to be bound by the in providing this document, Volvo Cars gives no following obligations and limi
Slide 17: And approaching affordable levels
Volvo Car Group Results Presentation Q1 2026 And approaching affordable levels Total investing cash flow Enabled by excl. JVs & Associates TODAY • Finalising one-off infrastructure investment • Structurally lower investments – one-track software • Access to high tech, low- Cell-to-body cost China fo
Slide 18: Net cash position and maturity profile
Net cash position and maturity profile MATURITY PROFILE AND SPLIT (BN SEK) 69.9 Net cash 16.9 23.5 29.7 2% 24% 46.4 74% Loans 6.1 6.4 6.4 7.4 Green bond 0.3 0.8 0.4 5.4 0.4 5.4 1.0 5.4 1.0 5.4 Loans GFF* 0.6 0.6 0.6 0.6 0.3 0.4 2.0 Liquidity 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 March 20