Alleima Ab · OMXSTO:ALLEI
Alleima Ab — Q1 2025 Earnings Presentation
25 slides from Alleima Ab's earnings presentation, Apr 23, 2025
Slide 1: First quarter 2025 Interim report
April 23, 2025 Interim report First quarter 2025 G6ran Bjorkman, President & CEO Olof Bengtsson, CFO \ Alleima
Slide 2: Safety first
Alleima 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: Q1 highlights
Alleima | First qu Qt highlights Broad based topline growth Revenues CEASA ~ : (SEK M) growth — Organic order intake growth R12 — Organic revenue growth — Backlog remains solid Solid financial performance — Adj. EBIT-margin growth Adj. EBIT Adj. EBIT margin — Solid operational leverage (SEK M) — Sli
Slide 4: Leading sustainability
Alleima | First quarter 2025 Leading sustainability Making an impact through our operations — Prioritizing safety performance — _ Share of recycled steel remains high — Reducing CO: emissions — _ Increasing the share of female managers No. of Frequency injuries rate, R12 0 2 2 20 8 8 © 4 ° ° Gi G2 G
Slide 5: Enabling the sustainable transition
Enabling the sustainable transition Facilitating hydrogen infrastructure build-out — Versatile on-site tubing solution launched in Canada — Enables broad-based savings — Supporting >70 hydrogen projects in Europe
Slide 6: Market development
Alleima | First quarter 2025 Market development — Mixed marked demand — Soft European market, solid development in Asia, recovery in North America Perceived year on year underlying market demand trend CHEMICAL AND: INDUSTRIAL OILAND GAS PETROCHEMICAL INDUSTRIAL, HEATING CONSUMER: Year onyear underly
Slide 7: Order intake and revenues
Alleima | First quarter 2025 Order intake and revenues Order intake R12 (SEK M) 19,962 Revenues (SEK M) 5,150 Order intake R12 SEKM 25 20 15 10 ie} a Qi Q2 G3 G4 QI Q2 G3 4 QI 2023 2024 2025 Revenues and book-to-bill SEKM 6 5 % 140 120 100 80 60 40 20 ie} ie) Qi Q2Q3.Q4 Qi Q2Q3A4 QI 2023 2024 = 2025
Slide 8: Earnings
Alleima | First quarter 2025 Earnings Adjusted EBIT at SEK 540 million (453) — Margin of 10.5% (9.6) — Contribution from several segments — Solid operational leverage — Slight FX headwind Free operating cash flow of SEK 46 million (159) — Higher production volumes and higher capex Adjusted EBIT SEKM
Slide 9: Alleima Note: Historical numbers are restated for divested or discontinued businesses, as well as
Alleima 9 25 000 12 10 20 000 8 15 000 6 10 000 4 5 000 2 0 0 Note: Historical numbers are restated for divested or discontinued businesses, as well as treating Sandvik as an external customer.
Slide 10: Tube
Alleima | First quarter 2025 Tube Continued organic revenue growth — Organic order intake growth of -3% R12 — Book-to-bill of 98% R12 — Organic revenue growth of 12% Increased earnings stability — Adj. EBIT margin increased to 111% (9.2) — Good product mix — FX headwind of SEK -20 million yoy 10 y)\
Slide 11: Kanthal
Alleima | First quarter 2025 Kanthal Mixed market demand — Organic order intake growth R12 of 4% — Organic revenue growth of -7% — Book-to-bill of 99% R12 Solid underlying margin resilience — Adjusted EBIT margin at 16.6% (18.5) — Negative product mix in certain segments — Negative effect from FX of
Slide 12: Strip
Alleima | First quarter 2025 Strip Strong order intake growth — Organic order intake growth of 34% R12 — Organic revenue growth of 19% — Book-to-bill of 15% R12 Continued market rebound — Improving the underlying profitability — Adjusted EBIT margin of 6.9% (3.1) — FX tailwind of SEK 12 million yoy
Slide 13: Global footprint and go-to-market strategy – local for local
Alleima Global footprint and go-to-market strategy – local for local Sales in —Global presence and 80 5 markets R&D centers proximity to customers —Creating flexibility and back-up 40+ 25+ sales offices production sites —Enabling specialization across the globe
Slide 14: Financial summary
Alleima | First quarter 2025 Financial summary 14 SEKM Q1 2025 Q1 2024 FY 2024 Order intake, R12 19,962 20,362 19,419 Revenues 5,150 4,740 19,691 Adj. EBIT 540 453 1,944 Adj. EBIT margin, % 10.5 9.6 9.9 Metal price effects -27 -328 -446 Items affecting comparability (0) le) (0) EBIT 513 126 1,498 EB
Slide 15: Bridge analysis, adjusted EBIT
Alleima | First quarter 2025 . Leve rage: N Bridge analysis, adjusted EBIT 28% — Positive organic development driven by volume increase and ror 540 favorable mix 112 — FXhad a negative impact of SEK 453 21 million yoy — Costs associated with the acquisition of Endox Adj EBIT Organic Currency Structu
Slide 16: Capital efficiency
Alleima | First quarter 2025 ° N Capital efficiency — NWC amounted to SEK 6,950 million (6,923) — Capital employed excl. cash increased to SEK 16,343 million (15,532) — Sequential NWC increase due to seasonal inventory build up — ROCE excl. cash increased to 11.9% (71) in the quarter — NWC in relati
Slide 17: Cash flow
Alleima | First quarter 2025 Cash flow — Free operating cash flow of SEK 46 million (159) — Higher capex due to growth investments — Cash flow normally higher in H2 Free operating cash flow SEK M Q12025 @12024 FY 2024 EBITDA 745 353 2,410 Non-cash items aA “57 148 Changes in working capital -382 36
Slide 18: Alleima
Alleima 2 500 2 000 1 500 1 000 500 0
Slide 19: Guidance ahead of the quarter and outcome
Alleima | First quarter 2025 Guidance ahead of the quarter and outcome 19 Outcome Q1 2025 Guidance ahead of Q1 2025 Capex (Cash) SEK 213 million Approximately SEK 1,200 million YTD 2025 in FY 2025 Currency transaction and SEK 64 million in Q1 SEK 85 million in Q1 translation effect Total currency ef
Slide 20: Guidance Q2 2025 and FY 2025
Alleima 20 | First quarter 2025 Guidance Q@2 2025 and FY 2025 Capex (cash) — Estimated to approximately SEK 1,200 million for FY 2025 Currency effects (transaction and translation) — SEK-130 million on operating profit (EBIT) for Q2 2025, compared to the corresponding period last year Metal price ef
Slide 21: Outlook for the second quarter 2025
Alleima | First quarter 2025 | a A Outlook for the second quarter 2025 — Uncertainties related to macro and mixed market demand — Positive development in several segments and challenges in other — Solid backlog in key segments — Product mix is expected to be similar to Q1 — Estimated currency headwi
Slide 22: Summary
Alleima | First quarter 2025 Summary —Solid financial performance —Mixed market sentiment —Organic revenue growth —Positive EBIT-margin development —Ongoing growth initiatives —Strong financial position
Slide 23: Q&A
Alleima 23 First quarter 2025 Q&A
Slide 24: Thank you
Alleima Thank you alleima.com
Slide 25: Disclaimer
Alleima | First quarter 2025 ° Disclaimer This presentation contains “forward-looking” statements that reflect the company’s current expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expe