Aak Ab · OMXSTO:AAK
Aak Ab — Q2 2026 Earnings Presentation
16 slides from Aak Ab's earnings presentation, Jul 17, 2026
Slide 1: Conference Call: Interim report, Q2 2026
Conference Call Interim report, Q2 2026 1
Slide 2: Table of content
Table of content 1. Quarterly highlights 2. Selected events 3. Business & financial update 4. Concluding remarks 5. Q&A 2
Slide 3: Forward-looking statements
Forward-looking statements This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. This presentation contains several forward-looking statements inclu
Slide 4: Resilient volumes, softer profitability and strong cash flow
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Resilient volumes, softer profitability and strong cash flow Highlights Q2 2026 Key financials Q2 2026 • Volumes declined by 1% in Q2’26, including an ~1p.p. negative impact from the production-related ch
Slide 5: Selected events
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Selected events Annual General Meeting Gold status in coconut Strategic collaboration sustainability audit with Savor 5
Slide 6: Food Ingredients
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Food Ingredients Operating profit SEK million SEK million 800 4,000 Volume Net sales Operating profit Operating profit ‘000 MT SEK million per kilo SEK SEK million 600 3,000 0% +1% -14% -14% 400 2,000 309
Slide 7: Chocolate & Confectionery Fats
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Chocolate & Confectionery Fats Operating profit SEK million SEK million 600 2,500 Volume Net sales Operating profit Operating profit ‘000 MT SEK million per kilo SEK SEK million 2,000 400 -2% -3% +11% +9%
Slide 8: Technical Products & Feed
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Technical Products & Feed Operating profit SEK million SEK million 150 400 Volume Net sales Operating profit Operating profit ‘000 MT SEK million per kilo SEK SEK million 300 100 -2% -11% -1% -3% 200 67 6
Slide 9: Cocoa Butter vs Cocoa Butter Equivalent
Cocoa Butter vs Cocoa Butter Equivalent: Triglyceride composition, tunability and performance trade-offs Cocoa Butter Cocoa Butter Equivalent (CBE) Natural origin | Fixed composition Natural origin | Engineered | Blended Dominant triglycerides Fat sources POP 15-25% (1,3-palmitoyl-2-oleoyl-glycerol)
Slide 10: Strong free cash flow driven by operating profit supported by positive contribution from working capital
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Strong free cash flow driven by operating profit supported by positive contribution from working capital Cash flow Q2 2026 Comments • Cash flow from operating activities was 1.308 126 positive in the seco
Slide 11: Return on Capital Employed (ROCE) at 20% end of Q2
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Return on Capital Employed (ROCE) at 20% end of Q2 % ROCE end Q2 2026* 24 22 20.0 20.0% 20 18 16 14 EBIT R12M Capital 12 employed* 10 SEK 4,883 SEK 24,437 8 million 6 million 4 2 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 12: Continued strong balance sheet
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Continued strong balance sheet Net debt/EBITDA Net debt/EBITDA 1.50 1.00 0.68 0.50 0.00 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 23 23 23 24 24 24 24 25 25 25 25 26 26 * EBITDA calculated on rolling 12 mont
Slide 13: Alignment and optimization expected to continue delivering results
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Alignment and optimization expected to continue delivering results From Decentralized and Unaligned… …to Decentralized and increasingly Aligned Strategic initiatives Status update, Q2’26 Aligned Project p
Slide 14: Resilient volumes, softer profitability and strong cash flow
Quarterly highlights | Selected events | Business & financial update | Concluding remarks | Q&A Resilient volumes, softer profitability and strong cash flow • Solid H1 despite a cautious market — volumes and operating profit at fixed currencies both ahead of last year. • Q2 softness concentrated and
Slide 15: Q&A
Q&A 15
Slide 16: Making Better Happen
Everything we do is about Making Better HappenTM 16