Exel Composites Oyj · OMXHEX:EXEL

Exel Composites Oyj — Investor Day (2023)

13 slides from Exel Composites Oyj's investor day presentation, 2023

1. Slide 1: Financials — Delivering shareholder value by achieving group targets

   Capital Markets Day 2023 Financials — Delivering shareholder value by achieving group targets Mikko Rummukainen CFO

2. Slide 2: Disclaimer

   Disclaimer This presentation contains forward-looking statements. These statements relate to future events of Exel Composites’ future financial performance, including but not limited to strategic plans, potential growth, expected capital expenditures, future cash sources and requirements, liquidity

3. Slide 3: Delivering shareholder value by achieving group targets

   Delivering shareholder value by achieving group targets ◆ Organic growth reached in a growing market ◆ Profitability restored and improved via growth and efficiency improvement ◆ Balance sheet and financing managed to enable strategy implementation ◆ Sustainability brings competitive advantage 3 Exe

4. Slide 4: Operating profit has consistently been positive, with exception of current downturn

   Operating profit has consistently been positive, with exception of current downturn Exel has grown and generated positive EBIT Revenue and operating profit in 2018-2023 consistently. In 2016-2022 160 12% ◆ Revenue growth averaged 11% per annum on 8.9% ◆ EBIT averaged 6.1% adjusted for one-off items

5. Slide 5: Financial targets for growth, profitability and balance sheet

   Financial targets for growth, profitability and balance sheet Organic growth Profitability Financial position >200 MEUR annual revenue >10% operating profit* <3x Net debt / EBITDA* * Adjusted operating profit and adjusted EBITDA 5 Exel Composites CMD 2023

6. Slide 6: Strategy execution targets over 200 million in annual revenue

   Strategy execution targets over 200 million in annual revenue MEUR >200 Volume business growth - Growth in strategic industries Wind Power, Transportation, Buildings and Infrastructure - Capture new opportunities in growth applications Tailored business growth - More focused business - Existing and

7. Slide 7: Actions to deliver double-digit adjusted operating profit margin

   Actions to deliver double-digit adjusted operating profit margin >10% adjusted operating profit Higher value from Growth in tailored Factory network Recovery from Operational engineering and and volume business optimization current downturn efficiency productization +70 MEUR revenue growth Increased

8. Slide 8: Financial position will be strengthened to target level

   Financial position will be strengthened to target level EBITDA Working capital Balance sheet Net debt to improvement improvements optimization aEBITDA <3x driven by growth 8 Exel Composites CMD 2023

9. Slide 9: Financial position has been within target

   Financial position has been within target Financial position historically within target Financial position development in 2022-2023 ◆ Net debt / aEBITDA reached 2.1x in 2022 6 ◆ Net debt has been reduced by 15% since 2022 4.8 Net debt / EBITDA 4 3.1 3.1 3.0 Financial position in current downturn abo

10. Slide 10: Working capital improvements

    Working capital improvements Working capital change 2021 – H1/2023 MEUR Actions to reduce working capital 4 delivering results 2.5 ◆ Optimized inventory levels Increase 2 - Supplier cooperation 1.2 - Enhanced coordination ◆ Active management of payables 0 and receivables 2021 2022 H1 2023 Reduction

11. Slide 11: Actions proceeding to make Exel a vehicle for growth

    Actions proceeding to make Exel a vehicle for growth ◆ Strategic shift from M&A driven strategy to organic growth ◆ Transformative strategy will unlock profit potential ◆ Financing need 20-25 MEUR estimated for growth and to strengthen financial position - Business growth and working capital - Facto

12. Slide 12: Delivering shareholder value by achieving group targets

    Delivering shareholder value by achieving group targets ◆ Organic growth reached in a growing market ◆ Profitability restored and improved via growth and efficiency improvement ◆ Balance sheet and financing managed to enable strategy implementation ◆ Sustainability brings competitive advantage 12 Ex

13. Slide 13: For Forward Thinkers

    FOR FORWARD THINKERS

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