Slide 1: Q2 2025 Half-year report earnings call presentation
Q2 2025 Half-year report Earnings call presentation July 14, 2025 i4exatronic
Slide 2: Global Group with diversified exposure and multiple growth avenues
Q2 2025 Presentation Hexatronic is a global Group with diversified exposure and multiple growth avenues 40 operating units 18 production facilities, in 9 countries ore Approx. 2,000 employees 36% Europe Listed on Nasdaq Stockholm since 2015 APAC and 55% Rest of the world Three business areas * 9% =
Slide 3: Q2 2025 Key highlights - weak development in Fiber Solutions
Q2.2025 Presentation Q2 2025 Key highlights - weak development in Fiber Solutions and currency effects impacted the quarter * Sales declined by 6% in the quarter, driven by currency headwinds * EBITA declined to SEK 169 million, corresponding to an EBITA margin of 8.9% * Weak performance by Fiber So
Slide 4: Q2 2025 Events
Q2 2025 Presentation exatronic Q2 2025 Events * Refinancing of senior loans and revolving credit facility under the same conditions as the previous agreement * Hexatronic’s climate targets approved by SBTi + Signed a7-year contract with Chorus in New Zealand for microduct, fiber cable, and network p
Slide 5: Fiber solutions for connected societies
Fiber solutions Engineered Essential services for connected solutions for and solutions for societies challenging data centers conditions 65% 17% 18% of Group sales of Group sales of Group sales Q2 2025* Q2 2025* Q2 2025* 41% 21% 38% of Group EBITA of Group EBITA of Group EBITA Q2 2025* Q2 2025* Q2
Slide 6: Business Area: Fiber Solutions
Q2.2025 Presentation Business Area Fiber Solutions Sales, sekm + Demand softness in Europe and in particular North America, where sales were down by 23% on 1487 1430 low orders from main customers 1255 12991284 1230 + Price pressure continues, particularly on duct and conduits + Business mix unfavor
Slide 7: A broad range of products and solutions in Fiber Solutions
Q2 2025 Presentation A broad range of products and solutions in Fiber Solutions | FTTH - last mile Conduit Transport & pipes Networks and Hexatronic DCI - High Hexatronic / - Medium Hexatronic - Low A ¥ “| . Submarine x | Wireless Instruments & Tools, ‘t Training ar Hexatronic Hexatronic Hexatronic
Slide 8: Business Area: Harsh Environment
Q2.2025 Presentation Business Area Harsh Environment + Sales grew 4%, reaching SEK 331 m in Q2, which marks a new record quarter for Harsh Environment * Organic growth of 10% + EBITA margin at 12.0%, which is in line with last year + Efficiency measures are underway in Rochester Cables in the US - s
Slide 9: Business Area: Data Center
Q2.2025 Presentation Business Area Data Center * Q2was another record quarter * Sales grew 38% to SEK 344 m driven bya strong development in our service offering in NAM and Europe + Organic growth of 35% in Q2 + EBITA margin increased to 20.8% compared to 16.5% last year Outlook + Strong market outl
Slide 10: Data center project management, cabling, rack and stack and installation services
Data center project management, cabling, Data centers rack and stack and installation services Campus voice and data cabling as well High-end commercial, offices and audio / visual solutions retail locations and premises Indoor wireless solutions such as DAS Demanding industrial and logistics site c
Slide 11: Financial Summary
Q2 2025 Presentation Financial Summary 4exatronic
Slide 12: Financial summary Q2 2025
Q2 2025 Presentation Financial summary Q2 2025 Hexatronic Group 2025 2024 2025 2024 24/25 2024 au) Q2 Qz 4% Jan-Jun Jan-Jun A% Ri2__Fullyear Net Sales 1906 2024 6% 3787 3805 0% 7563 7581 Grossmargin % 401% — 42,0% 408% 413% 416% 418% EBITA 16g 222 -24% 353 320 -9% 766 803 EBITA margin % 89% 110% 93%
Slide 13: Business area: Fiber Solutions
Q2.2025 Presentation Business area Fiber Solutions Sales by geography in Q2 2025 2025 © 2024 2025 © 2024 24/25 2024 SEKm 2 Q2 4% Jan-Jun Jan-Jun -% RQ Fullyear gC Net sales 1230 1487 | 46% 2465 2712 0% 5 194 5441 North America, 32% EBITDA 138 230 -40% 305 392 -22% 738 826 = Europe, 57% EBITDA% 112%
Slide 14: Business area: Harsh Environment
Q2.2025 Presentation Business area Harsh Environment 2025 SEKm Qe Net sales 331 EBITDA 49 EBITDA% 14,7% EBITA 40 EBITA% 12,0% Investments (Capex) 9 -% of net sales 28% 18% A% 3% 2025 Jan-Jun es 88 14.2% 6 11.2% 19 3,0% 8 2,2% Sales growth of 4% in Q2, of which organic growth by 10%. - Driven by defe
Slide 15: Business area: Data Center
Q2.2025 Presentation Business area Data Center Sales by geography in Q2 2025 2025-2024 2025 = 2024 24/25 2024 SEKm Q2 Q2 8% Jan-Jun Jan-Jun 4% R12 Full year Net sales 344 250 38% 706 506 39% 1172 972 North America, 37% EBITDA 76 46 66% 148 99 49% 221 172 = Europe, 63% EBITDA% 22,0% — 18,2% 240% —19,
Slide 16: Strong cash conversion of 74% in the quarter
Q2.2025 Presentation Strong cash conversion of 74% in the quarter Cash equivalent bridge Strong cash conversion Investments mainly related to maintenance SEKm Operating cash flow after WC changes (SEKm), % of Capex investments (SEKm), % of net sales Cash flow from operating activities before changes
Slide 17: Continued solid financial position
Q2.2025 Presentation Continued solid financial position Interest-bearing net debt decreased by SEK 121m compared to the previous quarter, stable leverage sequentially Continued solid financial position Net debt / EBITDA pro forma excl IFRS 16, R12* 2102 j096 1922 4880 1923, 1902 ai a2 a3 aa ai a2 20
Slide 18: Summary
Q2 2025 Presentation Summary 4exatronic
Slide 19: Q2 2025 - Summary
-4exatronic Q2 2025 - Summary ¢ Group sales were 6% lower, driven by currency headwinds * EBITA decreased to an EBITA margin of 8.9% ¢ Weak performance in Fiber Solutions ¢ Another record quarter for Data Center, with sales +38% and EBITA margin reaching 20.8% ¢ Harsh Environment reached an all-time
Slide 20: Outlook
Q2 2025 Presentation Outlook + Fiber Solutions - Market outlook - Challenging market conditions in Europe are expected to remain in the coming quarters - The US market is more robust - Hexatronic outlook - Fiber Solutions Q3 EBITA margin expected to be in line with Q2 - Performance Improvement progr
Slide 21: Capital markets presentations on September 11
Q2 2025 Presentation Investor Update on September 11 * Virtual presentations, similar to the Investor Update in late March * Updated strategy and status for all three Business Areas presented * Details of the Performance Improvement Program in Fiber Solutions 1. Cost and productivity improvements 2.
Slide 22: Q&A
Q&A
Slide 23: KASAAGSAS
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