Troax Group Ab Class A · OMXSTO:TROAX
Troax Group Ab Class A — Q2 2026 Earnings Presentation
16 slides from Troax Group Ab Class A's earnings presentation, Jul 15, 2026
Slide 1: Q2 interim report, 2026
Q2 interim report, 2026 MARTIN NYSTRÖM PRESIDENT & CEO 15 JULY 2026
Slide 2: Second quarter highlights
Second quarter highlights • Record order intake – organic as well as structural growth o Total order intake and sales increased, driven by organic demand and recent acquisitions 51% o Organic order intake increased year-on-year Order intake growth o Organic invoicing declined, due to several medium-
Slide 3: Second quarter highlights
Second quarter highlights • Solid profitability from acquisitions, lower organic volumes, and close to complete restructuring in North America o Gross margin in line with last year and improved vs Q1 o Order mix from the first quarter contained more projects with longer delivery time than usual 13.0
Slide 4: North America – more capacity, higher efficiency and a stronger offering
North America – more capacity, higher efficiency and a stronger offering • New state-of-the-art facility in Portland (Nashville) now running at high capacity • Greater capacity, efficiency and quality with world- class automation and best practices • Merger of our American sales teams – one combined
Slide 5: Capturing growing demand for flexible barriers
Capturing growing demand for flexible barriers • Growing demand for flexible barriers reinforces strategic importance within our industrial safety offering • The D-flexx and Stommpy acquisitions now form the foundation of the Troax Barrier solutions, expanding our industrial safety offering and mark
Slide 6: Raising the bar for sustainable safety
Raising the bar for sustainable safety • Launched Smart Fix Re:Cycled, the world's first machine guarding mesh panel made entirely from recycled and low-emission materials • A concrete step in Troax's ongoing work to reduce climate impact across the full value chain • More than 70% lower carbon foot
Slide 7: Market development
Market development Total (Organic intake YoY, excl. FX) 14% Automotive Warehouse Construction Process Other Total ~15% ~35% ~10% ~10% ~30% 100% Share of sales OI change (2025) (YoY) Northern Europe 13% 67% Southern Europe -11% Americas 12% 84% APAC 21% -14% < -5% -5% to 5% >5% Q2 interim report 2026
Slide 8: Order intake growth (YoY)
Order intake growth (YoY) Order intake by quarter (MEUR) Bridge +51% +51% 98,3 65,3 -1% 98,3 +37% 65,3 +14% 24-Q1 24-Q2 24-Q3 24-Q4 25-Q1 25-Q2 25-Q3 25-Q4 26-Q1 26-Q2 25-Q2 Organic Structure FX 26-Q2 Q2 interim report 2026 8
Slide 9: Sales development (YoY)
Sales development (YoY) Sales by quarter (MEUR) Bridge +23% +23% 84,2 68,7 -1% 84,2 68,7 -8% +31% 24-Q1 24-Q2 24-Q3 24-Q1 25-Q1 25-Q2 25-Q3 25-Q4 26-Q1 26-Q2 Q2-25 Organic Structure FX Q2-26 Q2 interim report 2026 9
Slide 10: EBITA development
EBITA development Adjusted EBITA margin 30 20 25 14,3 13.0% 13,0 15 20 10 • Lower organic volumes in EMEA and 15 APAC +11% 5 10 • Price vs. input costs close in North 10,9 0 America close to in balance 5 9,9 • Ramp-up of our new Americas 0 -5 operations drove additional costs 24-Q124-Q223-Q124-Q425-
Slide 11: Operating cash flow development
Operating cash flow development 25 180 90 Free operating cash flow 0 0.8 MEUR 0,8 0 -90 24-Q1 24-Q2 24-Q3 24-Q4 25-Q1 25-Q2 25-Q3 25-Q4 26-Q1 26-Q2 • Strong growth in our acquisitions Operating cash flow (MEUR) R3 Cash conversion % ties up cash flow in working capital Q2 interim report 2026 11
Slide 12: Net debt development
Net debt development 250 6 Financial Net debt / EBITDA 5 200 4 3.3 (R12) 150 3,3 Target: Net debt/EBITDA <2.5 over time 3 100 2 • Net debt increase during Q2 50 due to payment of dividend 1 and re-evaluation of future 0 0 earnout commitments 24-Q4 25-Q1 25-Q2 25-Q3 25-Q4 26-Q1 26-Q2 Financial net de
Slide 13: Financial summary
Financial summary KEY FINANCIALS (MEUR) Q2 2025 Q2 2026 65.3 GROWTH (YoY) OI Sales Order intake 98.3 Organic +14% -8% Sales 68.7 84.2 Structure +37% +31% Adj. EBITA 9.9 10.9 Organic + structure 51% 23% Adj. EBITA (%) 14.4% 13.0% Currency -1% -1% Net debt / EBITDA 1.1 3.3 Total 51% 23% EPS (adjusted)
Slide 14: In summary
In summary • Market demand remains difficult to predict, however customer activity shows encouraging signs in multiple segments • The broader safety portfolio, including flexible barriers and data centre solutions, continues to gain traction • The completion of our North American manufacturing facil
Slide 15: Q&A
Q&A | Q2 interim report 2026 16
Slide 16: Thank you!
THANK YOU!