Slide 1: Interim Report First Quarter January – March 2025
Interim Report First Quarter January – March 2025 Bengt Lejdström Susanna Zethelius Creating sustainable, efficient and safe societies President & CEO CFO
Slide 2: Sdiptech in short
Sdiptech in short Sdiptech’s infrastructure segments Creating sustainable, efficient and safe societies Supply Chain & Energy & Water & Safety & An infrastructure technology group Transportation Electrification Bioeconomy Security Key drivers ▪ Thrive for more sustainable, efficient and safe societi
Slide 3: Summary of the first quarter
Summary of the first quarter Highlights Continued demand ▪ Net sales increased with 4% ▪ -4% organic, +1% currency effects and +3% acquired growth ▪ Ongoing global turbulence has created a cautious, wait-and-see stance ▪ Adjusted EBITA unchanged ▪ -8% organic, +1% currency effects and +7% acquired g
Slide 4: Net sales & Adj. EBITA margin
Net sales & Adj. EBITA margin Net Sales Adj. EBITA margin Organic growth MSEK Quarter 5,500 3% 0% 28% 5,132 5,166 5,213 5,050 26% 18% Net sales increased by 4% and -4% organic 5,000 4,843 4,581 24% ▪ Impact from recent escalation of trade 4,500 0% 22% barriers and geopolitical unrest, particularly 2
Slide 5: Sales split
Sales split Turnover by type of Geographical distribution of revenue sales Distribution Other, rest of the world 0.0% 6.9% Sweden Service 16.7% 23.3% Other, Europe 16.4% Italy 4.9% 14.3% 62.4% 5.5% Norway 4.3% Installation USA 45.2% United Kingdom Proprietary products 5 Sources: Sdiptech Financial r
Slide 6: Adj. EBITA
Adj. EBITA Organic growth Adj. EBITA Quarter MSEK 1,200 ▪ Adj. EBITA similar levels as Q1-24 -2% -7% ▪ Acquisitions contributed positive 13% 1,007 1,006 1,010 1,009 ▪ -8% organic growth, excl currency 968 ▪ Some positive contribution mainly from 920 900 E&E, and SC&T ▪ Some negative contribution mai
Slide 7: Business areas Q1
Business areas Q1 EVP & Head of: Anders Mattson Head of: Amanda Berninger Head of: Sara Ström Head of: Johan Lahiri Supply Chain & Transportation Energy & Electrification Water & Bioeconomy Safety & Security Net sales Adj. EBITA 10% 13% 34% 20% 41% 22% 29% 31% Supply chain & Transportation Water & B
Slide 8: Supply Chain & Transportation
Supply Chain & Transportation Quarter Net sales decreased with 2% to SEK 541m (553) 610 562 553 569 ▪ Uncertainty in the world around us had a small 539 541 negative effect on sales, e.g., postponed orders 452 450 ▪ Underlying demand fundamentally stable 367 20% 19% 20% 20% Adj. EBITA increased with
Slide 9: Energy & Electrification
Energy & Electrification Quarter Net sales increased with 6% to SEK 389m (365) 389 375 365 ▪ Several units performed well, supported by 339 340 326 330 320 317 underlying trends in energy efficiency and electrification ▪ Mild winter compared to the previous 23% 22% 23% 22% 21% 21% 21% 21% 21% year a
Slide 10: Water & Bioeconomy
Water & Bioeconomy Quarter Net sales similar levels as previous year 282 262 268 261 SEK 261m (262) 257 256 237 245 ▪ Acquisitions contributed 211 27% 29% 24% 23% 23% Adj. EBITA decreased with 19% to SEK 61m (75) 22% 23% 22% 22% ▪ Some units had a challenging quarter with tough comparable numbers ▪
Slide 11: Safety & Security
Safety & Security Quarter Net sales increased with 35% to SEK 139m (103) 158 ▪ Acquisitions a large contributor 139 ▪ Continued focus on safety has led to good demand 117 114 especially within fire protection and personal 111 107 106 103 98 safety units 28% 26% 27% 27% 28% 28% 25% 25% 23% Adj. EBITA
Slide 12: Cash flow & Cash conversion
Cash flow & Cash conversion MSEK 900 130% 823 822 120% 115.0% 750 109.0% 110% Quarter 100% ▪ Cash flow from operations amounted to 628 565 90% MSEK 170, corresponding to 74% cash 600 83.0% 83.0% 80.0% conversion 80% 71.0% 68.0% 70% 63.0% 451 LTM Q1-25 450 56.0% 385 60% 313 50% 300 ▪ Cash flow from o
Slide 13: Additional metrics
Additional metrics Jan-Mar Jan-Mar LTM Mar Jan-Dec 2025 20241 2025 2024 74 110 399 436 Profit after tax, (SEK million) 1.83 2.80 10.05 11.00 Earnings per ordinary share after dilution (SEK) Financial net debt/Adjusted EBITDA, 2.25 2.17 2.25 2.25 multiple Net debt/Adjusted EBITDA, multiple 3.31 3.33
Slide 14: Additional metrics
Additional metrics Jan-Mar Jan-Mar LTM Mar Jan-Dec 2025 20241 2025 2024 74 110 399 436 Profit after tax, (SEK million) 1.83 2.80 10.05 11.00 Earnings per ordinary share after dilution (SEK) Financial net debt/Adjusted EBITDA, 2.25 2.17 2.25 2.25 multiple Net debt/Adjusted EBITDA, multiple 3.31 3.33
Slide 15: Return on capital employed
Return on capital employed 8,257 8,358 7,414 Quarter ▪ ROCE decreased slightly compared to 5,996 Q1-24, primarily due to a modest increased capital employed due to acquisitions 4,144 Business units 2,726 ▪ Average ROCE of 56% for the underlying 12.1% 12.2% 13.0% 12.6% 12.5% business 10.0% 2020 2021
Slide 16: Acquisitions
Acquisitions 170 158 161 160 ▪ Acquisition pipeline solid, but, important 150 150m to balance pace of acquisitions against 140 external factors and uncertainties 130 120 120m ▪ Prioritised geographies: 109 ▪ UK 110 ▪ Italy EBITA MSEK 100 93 94 90 ▪ Nordics 90 83 ▪ NL 80 ▪ Germany 70 67 60 ▪ Financia
Slide 17: Acquisition in Q1: Welcome Phase 3 Connectors Ltd
Acquisition in Q1: Welcome Phase 3 Connectors Ltd ▪ Approx. GBP 3 million in annual EBIT ▪ Designs, manufactures, and supplies high-quality single-pole power connectors for industrial and event sectors, meeting the highest standards of safety and performance ▪ Supports SDG 9.4 by delivering advanced
Slide 18: Key takeaways
Key takeaways ▪ Continued good operational cash flow ▪ Positive contributions from acquisitions ▪ Good development in several business units with strong underlying trends and drivers, while as some business units have had a softer development ▪ Full focus on profitability, efficiency and selective g
Slide 19: Consistency & diligence = a high-quality group of companies
Consistency & diligence = a high-quality group of companies 19
Slide 20: Appendix
Appendix > svPTECH
Slide 21: Current Management Team and Board of Directors
Current Management Team and Board of Directors Management Bengt Lejdström 85,740 (Class B) 500 (Pref) 50,000 (Warrants) My Lundberg 8,866 (Class B) 13,000 (Warrants) CEO Lagercrantz Group, Interim Justitia, Acando Head of Sustainability & IR Agency, Smartclip, Kärnhuset since Dec 2023 M.Sc. Stockhol
Slide 22: Ownership 31 March 2025
Ownership 31 March 2025 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Vulcan Value Partners, LLC 3,915,639 9.85% 7.45% Handelsbanken Fonder 3,774,206 9.50% 7.18% Swedbank Robur Fonder 2,239,860 5.64% 4.26% Cliens Fonder 2,089,035 5.26% 3.97% Ashkan Pouya 1,424,000 592,967 5.08% 28.22% Avanza Pension 1,
Slide 23: Adjusted EBITA → Net profit
Adjusted EBITA → Net profit MSEK (Continued operations) 2025 2024 2025 2024 Q1 Q1 LTM Full Year Net Sales 1,330 1,283 5,213 5,166 Operational costs -1,079 -1,031 -4,205 -4,156 Profit from operations, adjusted EBITA 251 252 1,009 1,010 Acquisition costs -8 -7 -18 -17 Direct costs related to acquisiti