Slide 1: Q2 2025
Q2 2025 2025-07-17 © CTEK AB
Slide 2: Today's presenters
Today’s presenters HENRIK FAGRENIUS THOM MATHISEN CEO CFO © CTEK AB
Slide 3: A proud heritage that drives our future
A proud heritage that drives our future The CTEK story starts over 25 years ago in Vikmanshyttan, a small village in Dalarna in Sweden. This is where our founder – Swedish inventor Bengt Wahlqvist – created the first ever battery charger to use electronic pulse technology. © CTEK AB
Slide 4: From Sweden with love
From Sweden with love ALL OUR PRODUCTS ARE DESIGNED, DEVELOPED AND TESTED IN SWEDEN • CTEK secures its market position through strong technical competence and a continuous focus on innovation throughout the development process. • About one third of CTEK employees work in research and development,
Slide 5: CTEK – the preferred partner to premium vehicle manufacturers
CTEK – the preferred partner to more than 50 of the worlds most premium vehicle manufacturers © CTEK AB
Slide 6: Premium brands displayed together
Premium brands displayed together © CTEK AB
Slide 7: © CTEK AB
© CTEK AB
Slide 8: CTEKs two technologies
CTEKs two technologies Low Voltage EVSE © CTEK AB
Slide 9: Go to market strategy
Go to market strategy GLOBAL REACH WITH ALMOST 30 YEARS IN THE MARKET Example target customers Channel examples Target markets Enthusiasts Consumer Conscious consumers division Workshops Example target customers Channel examples Target markets Vehicle manufacturers Professional Charge Point Operator
Slide 10: Focus on niche customer segments
Focus on niche customer segments CTEK sweet spot CTEK sweet spot High High Performance conscious Uptime importance Low High Low High Willingness to pay Focus on lifetime cost Low Voltage end-users EVSE B2B customers © CTEK AB
Slide 11: 2028 financial targets
2028 financial targets GROWTH Achieve SEK 2bn in sales in 2028 MARGIN Achieve an adjusted EBITA margin of 20% in 2028 CAPITAL Net debt shall amount to less than 3.0x LTM adjusted EBITDA, strategic decisions such STRUCTURE as acquisitions can have a temporary impact DIVIDEND We invest our resources i
Slide 12: New adjacent product categories
New adjacent product categories Premium Boosters Power Solutions © CTEK AB
Slide 13: How CTEK will reach its financial targets by 2028
How CTEK will reach its financial targets by 2028 NEW PRODUCTS IN BOTH EXISTING AND NEW CATEGORIES BEING A VITAL PART OF THE GROWTH Selection of products being launched during the Projected turnover to reach financial targets, SEKm coming quarters 2000 SEKm CS ONE Gen 2 NXT series Premium Boosters N
Slide 14: Q2 2025
Q2 2025 © CTEK SWEDEN AB
Slide 15: CTEK Q2 2025 Financial overview
CTEK Q2 2025 FINANCIAL OVERVIEW 197 56.3 14 MSEK PERCENT MSEK NET SALES GROSS MARGIN ADJUSTED EBITA 9 31 1.8x MSEK MSEK EBIT CASH FLOW FROM OPERATING NET DEBT RATIO ACTIVITIES © CTEK SWEDEN AB
Slide 16: Q2 2025 key take aways
Q2 2025 KEY TAKE AWAYS 300 15% 250 200 10% 150 • Strong recovery in the end of the quarter Challenging beginning was followed by a strong recovery during June 100 5% 50 • Continuous growth within Low Voltage Yet another quarter of growth for the Low Voltage business driven by good demand 0 0% Q2'23
Slide 17: Q2 Financials
Q2 Financials © CTEK SWEDEN AB
Slide 18: Consumer Division
Consumer Division STRONG RECOVERY BY THE END OF THE QUARTER 35% • Net sales increased 0,3% organically to 128 SEKm (135) • Adjusted EBITDA amounted to 42 SEKm (52), corresponding to a margin of 33.0% (38.4%). The lower margins are mainly related to volumes, geographical 65% mix and periodization of
Slide 19: Professional Division
Professional Division SECOND CONSECUTIVE QUARTER WITH POSITIVE MARGIN 35% • Net sales decreased with 6% organically to 70 SEKm (78). • Adjusted EBITDA amounted to 2 SEKm (-5), corresponding to a margin of 3.0% (-6.5). 65% Professional div. Consumer div. Net sales and adjusted EBITDA margin 100 10% 8
Slide 20: Cash flow and CAPEX
Cash flow and CAPEX Cash flow and financial position • Cash flow from operating activities amounted to 31 SEKm (22) in the period. • Capex during the period amounted to -16 SEKm (-19m). • Cash flow after investment activities in the period was 15 SEKm (4). • Cash and cash equivalents at the end of t
Slide 21: Summary
Summary © CTEK AB
Slide 22: Q2 summary
Q2 summary Key highlights • Strong recovery in the end of the quarter Challenging beginning was followed by a strong recovery during June • Continuous growth within Low Voltage Yet another quarter of growth for the Low Voltage business driven by good demand within Client Brand. • Second consecutive
Slide 23: © CTEK AB
© CTEK AB