Alleima Ab · OMXSTO:ALLEI
Alleima Ab — Investor Day (2025)
85 slides from Alleima Ab's investor day presentation, 2025
Slide 1: A
A
Slide 2: Safety first
Alleima Capital Markets Day 2025 Safety first At Alleima our objective is zero harm to our people, Protective equipment Emergency number Psychological safety the environment we work in, our customers and our suppliers. First aid kit Emergency exit Alarm Assembly point Health & well-being Speak Up
Slide 3: Alleima Capital Markets Day 2025
Alleima Capital Markets Day 2025
Slide 4: Strategy for long-term value creation
Alleima Capital Markets Day 2025 Strategy for long-term value creation
Slide 5: A world-leader advanced materials company
Alleima Capital Markets Day 2025 A world-leader advanced materials company ― ― ―
Slide 6: Premium offering across three divisions
Alleima Capital Markets Day 2025 Premium offering across three divisions
Slide 7: Serving customers in the most demanding industries
Alleima Capital Markets Day 2025 Serving customers in the most demanding industries
Slide 8: Market development
Alleima Capital Markets Day 2025 Market development ― ― ― ―
Slide 9: A high-performer in our niche
Alleima Capital Markets Day 2025 A high-performer in our niche 12 10 8 6 4 2 0
Slide 10: Our markets are growing…
Alleima Capital Markets Day 2025 Our markets are growing…
Slide 11: …and we remain focused on strategy execution for profitable growth
Capital Markets Day 2025 …and we remain focused on strategy execution for profitable growth
Slide 12: Three building blocks for profitable growth
Alleima Capital Markets Day 2025 Three building blocks for profitable growth
Slide 13: Alleima Capital Markets Day 2025
Alleima Capital Markets Day 2025
Slide 14: Continuous development of technology leadership
Alleima Capital Markets Day 2025 Continuous development of technology leadership
Slide 15: Customer needs in focus for business development and R&D
Alleima Capital Markets Day 2025 Customer needs in focus for business development and R&D ― ― ― ― ― ― ― ― ― ― ― ― ―
Slide 16: Alleima Capital Markets Day 2025
Alleima Capital Markets Day 2025
Slide 17: Ongoing growth initiatives to strengthen the company long-term
Alleima Capital Markets Day 2025 Ongoing growth initiatives to strengthen the company long-term
Slide 18: Alleima Capital Markets Day 2025
Alleima Capital Markets Day 2025
Slide 19: M&A
Alleima Capital Markets Day 2025 M&A ― ― ― ― ― ― ― ― ― ― ― ― ―
Slide 20: Targeted growth and improved product mix across the portfolio
Alleima Capital Markets Day 2025 Targeted growth and improved product mix across the portfolio
Slide 21: Alleima's strategy creates value by increasing returns on capital and revenue growth
Alleima Capital Markets Day 2025 Alleima’s strategy creates value by increasing returns on capital and revenue growth
Slide 22: Un-locking growth and margin potential
Alleima Capital Markets Day 2025 Un-locking growth and margin potential
Slide 23: Un-locking growth and margin potential
Alleima Capital Markets Day 2025 Un-locking growth and margin potential ― ― ― ― ―
Slide 24: Safety – our first priority
Alleima Capital Markets Day 2025 Safety – our first priority ― ― ―
Slide 25: Industry leading sustainability
Alleima Capital Markets Day 2025 Industry leading sustainability Reduce TRIFR with more Reduce Scope 1 and 2 CO2 More than 80% recycled steel Growth of products for green than 50% by 2030 emissions with more than in finished products transition, fossil free energy, 54% by 2030 electrification, energ
Slide 26: Alleima Capital Markets Day 2025
Alleima Capital Markets Day 2025
Slide 27: Summary
Alleima Capital Markets Day 2025 Summary ― ― ―
Slide 28: Financial position for strategy execution
Alleima Capital Markets Day 2025 Financial position for strategy execution Johan Eriksson, CFO A
Slide 29: Currency exposure
― ― 4 000 4 000 3 000 3 000 2 000 1 000 2 000 0 -1 000 1 000 -2 000 -3 000 0 -4 000 SEK CZK EUR USD INR CNY JPY SEK CZK EUR USD INR CNY JPY Other
Slide 30: Limited effect of US tariffs due to footprint and price increases
Alleima Capital Markets Day 2025 Limited effect of US tariffs due to footprint and price increases Ea € = No tariff impact Ss oie, | < = No tariff impact Ea EF] < = Low tariff impact os Ec] < = Higher tariff impact es AN Revenues 2024 & Notariffimpact 1B Low tariff impact L] Higher tariff impact
Slide 31: Solid revenue development and improved resilience
Alleima | Capital Markets Day 2025 Solid revenue development and improved resilience Average Adj. EBIT margin Average Adj. EBIT margin SExM 7.8% 9.2% % 25000 12 20 000 uy 8 15000 6 10000 4 5 000 2 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3RI2 mmm Revenues ——Adj. EBIT margin, % Note: H
Slide 32: Capital allocation for growing shareholder value
Alleima Capital Markets Day 2025 Capital allocation for growing shareholder value Growth CAPEX [fees| [fees| fit, value creative A
Slide 33: Seizing opportunities with a higher CAPEX spend
Alleima | Capital Markets Day 2025 y)\ Seizing opportunities with a higher CAPEX spend Capex — 2015-2019 average: SEK M % SEK 750 million or 5.4% 1200 of revenues egy — 2019-2025 Q3 R12 average: 8 7 300 ° SEK 785 million or 4.4% 5 of revenues 4 3 600 Maintenance — FY 2025 guidance of 400 --G--- i --
Slide 34: Capital allocation supporting strategy for profitable growth
Alleima | Capital Markets Day 2025 Capital allocation supporting strategy for profitable growth ROCE % #3. Defend market @ #1. 15t Priority growth area position and return #2, 21 Priority growth e @ e area; with margin focus #4, Improve margins and operational excellence Revenue growth
Slide 35: Cash generation is a foundation for our future growth
Alleima | Capital Markets Day 2025 Cash generation is a our future growth — Impacted by metal price — Contra-cyclical cash flow profile oundation for Free operating cash flow, SEK M 2141 1944 1775 1681 1688 1513 4483 1398 1250 1205 1266 1046 1055 | 505 2019 2020 2021 2022 2023 2024 2025 R12 Q3 “Free
Slide 36: Internal global supply
Alleima Capital Markets Day 2025 | A Internal global supply Sandviken, ‘Sw Supply chain efficiency and mix shift a Zhenjiang, China ‘Scranton, USA y= ——— Geographical and metal mix
Slide 37: Return on capital employed
Alleima | Capital Markets Day 2025 Return on capital employed Net working capital SEKM 8000 7000 6000 5000 4000 3000 2000 1000 2021 2022 2023 2024 2025 Ri2Q3 === NWC ——NWC, %* Capex SEKM % 1200 1000 800 600 400 200 2021 2022 2023 2024 2025 Guidance sms Capex ——Capex/revenues Capital employed excl. c
Slide 38: A strong balance sheet, a prerequisite for strategy execution
Alleima | Capital Markets Day 2025 A strong balance sheet, a prerequisite for strategy execution — Cash generative witha financial net cash position of SEK 1.5 billion in @3 2025 — Continued execution of growth investments while managing volatility in metal prices — Net debt/equity ratio well below
Slide 39: Tube Division
Alleima Capital Markets Day 2025 Tube Division Carl von Schantz President Tube A
Slide 40: Tube revenue split
1% 8% 33% 8% 20% 24% 49% 23% 20% 8%
Slide 41: Financial history
Alleima | Capital Markets Day 2025 Financial history Pandemic downturn Oil and gas downturn 2015 2016 2017 2018 2019 2020 2021 2022 mms Revenues —Adj. EBIT Note: Historical numbers are restated for divested or discontinued businesses, as well as treating Sandvik as an external customer. 2023 Industr
Slide 42: Tube strategic priorities
Alleima | Capital Markets Day 2025 AN Tube strategic priorities > « + © a Grow Nuclear and Maintain strong position Further strengthen positionin Strengthen performance Chemical and Petrochemical in Oil and Gas other growth segments culture and Improve ability to leverage strong market positions
Slide 43: Delivering key components for the core of nuclear power generation
Alleima Capital Markets Day 2025 Delivering key components for the Alleima Tube Nuclear revenues core of nuclear power generation sae 1.1 BSEK Sisewa G \\, Pressurized Water Reactor (PWR) generator \\\)) tubing Nuclear fuel tubes Nuclear tube and pipe N
Slide 44: Surging global demand for nuclear energy
Alleima | Capital Markets Day 2025 Surging global demand for nuclear energy — Big Tech companies entering the industry — New builds and refurbishments — Conventional reactors and Small Modular Reactors — Customers from across the world A Nuclear generating capacity, GWe 1200 1000 800 600 400 200 Oo
Slide 45: Expanding strong position in growing nuclear market
Expanding strong position in growing nuclear market heat pipes
Slide 46: Wide range of chemical and petrochemical applications and products
Alleima Capital Markets Day 2025 Wide range of chemical and petrochemical applications and products Heat exchanger Hydraulic and High temperature Piping products tubing Instrumentation tubing tubing
Slide 47: Chemical and Petrochemical segment developing in many sub-segments
Alleima Capital Markets Day 2025 Chemical and Petrochemical segment developing in many sub-segments Examples Basic chemicals Ethylene Ethylene capacity growth 2025-2030, mtpa 80 60 40 . a 0 China Global Sources: Global Data, Statista, SkyNRG (SAF) Tubes in service in ethylene cracking furnace A
Slide 48: Regional market development
80 60 40 20 25 0 China Global 20 15 10 5 0 China India and Middle East Other Asia
Slide 49: Regional market growth
80 25 20 60 15 40 10 20 20 5 0 0 China Global China India and Middle Other Asia East 15 10 5 0 Asia Middle East Africa
Slide 50: Regional market growth 2024-2030
80 25 20 20 15 60 15 40 10 10 20 5 20 5 0 0 0 China Global China India and Middle Asia Middle Africa Other Asia East East 15 10 5 0 2024 2030
Slide 51: Regional market growth 2024-2030
80 25 20 20 20 60 15 15 15 40 10 10 10 20 5 5 5 0 0 0 0 China Global China India and Middle East Asia Middle East Africa 2024 2030 Other Asia
Slide 52: Strong track record in APAC with ambitious growth plans going forward
Alleima | Capital Markets Day 2025 y)\ Strong track record in APAC with ambitious growth plans going forward Chemical and Petrochemical growth in APAC Revenues, SEK M Illustrative ov - - - - 2017 2018 2019 2020 2021 2022 2023 2024
Slide 53: Capitalize on market leadership and long-term customer relations
Alleima Capital Markets Day 2025 Capitalize on market leadership and long-term customer relations Umbilicals A
Slide 54: Positive oil and gas market outlook
Alleima | Capital Markets Day 2025 Positive oil and gas market outlook Global oil Projected supply and demand Million barrels per day 125 Global Outlook New resources and projects needed 50 Investment in 25 existing fields Oo 2010 2020 2030 2040 2050 Oil excludes biofuels Sources: IPCC AR6 Scenarios
Slide 55: Customer trends driving demand for value creating materials solutions
Alleima | Capital Markets Day 2025 y)\ Customer trends driving demand for value creating materials solutions Connect trends to needs Examples of products addressing Customer trends and align R&D to the needs customer needs Nuclear — Increased safety in nuclear operations (gen IV) New development of
Slide 56: Building a stronger Tube for the future
Alleima | Capital Markets Day 2025 Building a stronger Tube for the future Strengthen Improve ability to leverage performance culture strong market positions — Develop an enhanced financial — Clarify Commercial steering model where Excellence Methodology performance becomes more transparent — Enhanc
Slide 57: Three key takeaways
Alleima Capital Markets Day 2025 Three key takeaways Strong market Attractive market Opportunities to positions outlook in key drive stronger customer margins and segments growth
Slide 58: Kanthal Division
Alleima Capital Markets Day 2025 Kanthal Division Robert Stal President Kanthal A
Slide 59: Kanthal revenue split
9% Industrial Heating 17% Medical 47% Consumer Industrial 27% 30% 37% 26% 7%
Slide 60: Financial development
Alleima | Capital Markets Day 2025 Financial development Strong CAPEX Industrial demand in slowdown and Industrial Heating increased SEKM COVID-19 and and enhanced geopolitical % recovery growth in Medical uncertainty 5000 1] 1 | | 20 4000 16 3000 12 2000 8 1000 4 Oo 0 2016 2019 2020 2021 2022 2023
Slide 61: R&D expenses and R&D spending as percentage of revenues
― ― 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 Q3 R&D expenses incl. capitalized expenditures, SEK M R&D spending as percentage of revenues, %
Slide 62: Revenue split by segment
12% 9% Industrial Heating 17% Industrial Heating 21% Medical 47% Medical 50% Consumer Consumer Industrial Industrial 17% 27%
Slide 63: Strategic priorities
Alleima | Capital Markets Day 2025 AN Strategic priorities Grow and scale up Grow Product Operational Medical Industrial Heating development excellence
Slide 64: Medical product portfolio
Medical product portfolio Medical wire Medical wire forming Medical wire component
Slide 65: Favorable trends drive medical market growth
Alleima | Capital Markets Day 2025 A Favorable trends drive medical market growth Trends fueling market demand Increased need for healthcare due to aging population Increasing insurance coverage in healthcare spending Growth in remote patient monitoring Increased usage of minimally invasive surgery
Slide 66: Customer trends driving demand for value creating medical solutions
Alleima | Capital Markets Day 2025 Customer trends driving demand for value creating medical solutions Connect trends to needs Customer trends and align R&D to the needs Remote patient monitoring Growing shift to out-of-hospital, > precision-driven care allow for — Critical material algorithm-based
Slide 67: Solid strategy execution for a successful Medical growth journey
Alleima | Capital Markets Day 2025 AN Solid strategy execution for a successful Medical growth journey es Oo a5 ~ = 2 - PS Origination @ Acceleration e@ Continued high-pace growth 3 ] — Business originated from — Value-creating bolt-on acquisitions — Lowdirect market penetration United States in Eur
Slide 68: Industrial heating product portfolio
Industrial heating product portfolio Resistance material Heating element Heating module Process gas heater
Slide 69: Positive trends fuel future industrial heating demand
Alleima | Capital Markets Day 2025 AN Positive trends fuel future industrial heating demand Trends fueling market demand Increased automation and digitalization Shift to efficient and sustainable ‘ ~ source of energy Electronics and Glass Solar . . Semiconductor Sustainable transportation Industries
Slide 70: From products to value-creating customer solutions
Alleima | Capital Markets Day 2025 y)\ From products to value-creating customer solutions Illustrative Kanthal End user* End application (Example) Industrial > WW > heating product Furnace builder — 5 & &® @ Strong customer application knowledge and product know-how . - Electric vehicle Electronic «
Slide 71: ― ― ― ― 2019 2020 2021 2022 2023
― 200 100 ― 0 ― ― 50 40 30 20 10 0 2019 2020 2021 2022 2023
Slide 72: Customer trends driving demand for value creating heating solutions
Alleima | Capital Markets Day 2025 y)\ Customer trends driving demand for value creating heating solutions Connect trends to needs Examples of products addressing Customer trends and align R&D to the needs customer needs Industrial electrification — Critical material Electric process Transition to l
Slide 73: Strengthen regional presence to capture long-term sustainable growth
Alleima | Capital Markets Day 2025 A Strengthen regional presence to capture long-term sustainable growth @ Industrial heating production footprint © Expansion ongoing / completed in 2025 Concord, US
Slide 74: Well positioned for continued sustainable profitable growth
Alleima Capital Markets Day 2025 Well positioned for continued sustainable profitable growth Proven financial Growth strategy profile with strong aligned with evolving profit growth customer needs Leveraging global capabilities and regional presence for sustainable profitable growth
Slide 75: Strip Division
Alleima Capital Markets Day 2025 Strip Division Per Eklund President Strip A
Slide 76: Strip revenue split
Consumer 5% 6% Industrial 14% Transportation 53% Medical 22% Hydrogen and Renewable Energy North Europe America Asia Other 42% 9% 46%
Slide 77: Financial history
Alleima | Capital Markets Day 2025 AN Financial history SEKM % 2000 “Covid-boost” Downturn and destocking 20 1500 1000 500 Oo 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 Q3 mms Revenues —Adj. EBIT Note: Historical numbers are restated for divested or discontinued businesses, as well a
Slide 78: Selected product portfolio
Selected product portfolio Consumer Medical Consumer Consumer
Slide 79: Strategic priorities to drive profitable growth
Alleima Capital Markets Day 2025 Strategic priorities to drive profitable growth Maintain technology Commercial leadership excellence initiatives Operational excellence A
Slide 80: Maintain technology leadership
Alleima | Capital Markets Day 2025 AN Maintain technology leadership Compressor valve steel — Energy efficiency — key driver Customer collaboration throughout the value chain — >20% of electricity consumption in buildings used for cooling* — Air conditioners in China and India to triple in current d
Slide 81: Commercial excellence initiatives
Alleima | Capital Markets Day 2025 Commercial excellence initiatives — Leading sustainability offer, e.g. scrap buy back programs — Strengthen value-based selling through technical marketing — Strengthen digital customer experience — Increase reach and customer service through channel partner networ
Slide 82: Expanding channel partner network
Alleima | Capital Markets Day 2025 Expanding channel partner network Improve reach and service level for smaller customers © Alleima Service center @ Signed partner @ Targeted partners A
Slide 83: Operational excellence
Operational excellence — Increase automation and expand capabilities — Improve yield — Increase work force flexibility and efficiency — Reduce lead times and improve inventory management
Slide 84: Focus on sustainable profitable growth
Alleima Capital Markets Day 2025 Focus on sustainable profitable growth Leverage leading Strengthen market Improve cost market positions presence and base and digital customer strengthen experience capabilities
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