Slide 1: SKF Quarterly Report
il SKE SKF Quarteriifrepor
Slide 2: Slide 2
Slide 3: Q4 summary
- SKF. Q4 summary: zz | quarter results despite lo ms : - “a Zz 3,93/ 24,458 O MSEK Se MSEK Net Sales Net cash flow from operations
Slide 4: Q4 sales by region year-over-year
be resilient Q4 sales by region year-over EMEA Americas China & NEA India & SEA 10.4 SEK bn 6.6 SEK bn 5.2 SEK bn 2.3 SEK bn -5.3% +0.4% -1.9% -1.0% EMEA: Europe, Middle East and Africa; N ist uth-East Asia
Slide 5: Q4 summary: Strong Industrial performance
Q4 summary: Strong Industrial performance Industrial Automotive -2.9% 15.1% 0.7% Organic sales growth 4.3% Adjusted operating margin Organic sales growth Adjusted operating margin
Slide 6: Executing our strategy
Executing our strate; O1 O02 035 Create competitive Manage and Gear up for & intelligent value restructure ‘intelligent & clean’ chains our portfolio eadership
Slide 7: Transformation activities continue
,. == transformation activities continues< $. | Eire f —s a eS Competitive and intelligént-vatue-chains Americas Luton, UK Monterrey inauguration . Schweinfurt, Germany Scaling up in Mexico Moving volumes east oOKF-. Asia Closed plant in Korea Several investment projects initiated in India Ramping
Slide 8: Portfolio Management: Strong innovation pipeline
Portfolio Management: Strong innovation pi growth segments Housing select, a configurator for Operational Efficiency and Bearing Distributors Robustness for Rolling Stock Drives SKF precision bearings used to produce lithium batteries
Slide 9: Magnetic bearings - Empowering the green energy transition
a — - SKF. Magnetic bearings - Empowering the green energy transition — -
Slide 10: Niclas Rosenlew, CFO
Slide 11: Net sales moderating
Net sales moderating Net sales, SEK bn 25.4 | 2022 | | | | Qi Q2 Q3 Q4 2023 Percent, year-over-year 20.4 0.1% |_| oKF. Q4 2022 Structure Organic* Currency Q4 2023 *Organic: volume, price and mix.
Slide 12: Strong performance in a weaker demand environment
SKF. Strong performance in a weaker demand environment Adjusted operating profit, MSEK Adjusted operating profit, MSEK 213 2929 2929 Beee -o - Fe SB LI] | -262 0 Q4 Ql Q2 Q3 Q4 Currency Organic* Q4 2023 QTD 2022 Structure Cost 2022 2023
Slide 13: Very strong cash flow by solid operating profit and reduced working capital
Very strong cash flow by solid operating profit and reduced working capital Net cash flow from operations, MSEK Net cash flow from operations, MSEK 1536 3937 3937 oKF. 3664 3350 3435 2747 ms 1925 = -239 Q4 Qi Q2 Q3 Q4 Operating Non-cash Taxes NWC_ Operating profit items cash-flow 2022 ates 4 2023 Q4
Slide 14: Strong balance sheet and improving return on capital
Strong balance sheet and improving return on capital Net debt, SEK bn 2022 2023 Q4 Ql Q2 Q3 Q4 | . - -10.4 = Net fin debt m Leasing ROCE adjusted 12 month rolling, % oKF.
Slide 15: Strong balance sheet and improving return on capital
Strong balance sheet and improving return on capital Net debt, SEK bn 2022 2023 Q4 Ql Q2 Q3 Q4 | . - -10.4 = Net fin debt m Leasing ROCE adjusted 12 month rolling, % oKF.
Slide 16: Outlook
Slide 17: Key priorities in 2024
Key priorities in 2024 Create competitive & intelligent Manage and restructure our Gear up for ‘intelligent & cl d = SKF
Slide 18: Q&A
Slide 19: Slide 19