Slide 1: Profitability improved driven by strong execution in all divisions
Q1/25 Interim report Profitability improved driven by strong execution in all divisions Hiab’s Interim report January-March 2025
Slide 2: Disclaimer
Q1/25 Interim report Disclaimer The following applies to this presentation, the oral presentation of the information in this presentation by Hiab Corporation (the “Company” or “Hiab”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (coll
Slide 3: Contents
Q1/25 Interim report Contents 1. Group level topics CEO Scott Phillips 2. Reporting segments CFO Mikko Puolakka 3. Financials and Outlook CFO Mikko Puolakka 4. Key takeaways CEO Scott Phillips 5. Q&A Scott Phillips & Mikko Puolakka 3
Slide 4: Highlights of Q1/25
Q1/25 Interim report Highlights of Q1/25 − Hiab became a standalone listed company on 1 April − Orders received on the comparison period’s level, decrease in Americas offset by increase in EMEA and APAC − Comparable operating profit improved due to strong execution on commercial and supply chain acti
Slide 5: Group level topics
Q1/25 Interim report 1. Group level topics 5
Slide 6: We continue to invest in growth and profitability improvements
Q1/25 Interim report We continue to invest in growth and profitability improvements HIAB HIAB MULTILIFT Hiab became a standalone company Safety continued to improve Continued focus on R&D Hiab became a standalone listed company on IIFR in Q1/25 was 1.0 and LTM 2.3 (FY24: 2.8) Focus on R&D continued w
Slide 7: Trade tension impacted orders received in the US while demand improved in other regions
Q1/25 Interim report Trade tension impacted orders received in the US while demand improved in other regions Orders received and order book MEUR MEUR Q1/25 Q1/24 Change Orders received 378 386 -2% Order received, organic* -3% Order book 601 770 -22% - Orders received remained on a stable level for 1
Slide 8: Market uncertainty has increased especially in the US
Q1/25 Interim report Market uncertainty has increased especially in the US Orders received by geographical area, Q1/25 MEUR MEUR Q1/25 Q1/24 Change APAC 8% EMEA 203 179 13% EMEA 54% AMER 145 182 -20% APAC 30 25 23% Operating environment - Positive demand signs in some of - Trade tensions increasing
Slide 9: Sales at the comparison period's level
Q1/25 Interim report Sales at the comparison period’s level Sales MEUR MEUR Q1/25 Q1/24 Change Sales 411 415 -1% Sales, organic* -2% Share of Services, % 29% 28% - Sales at the comparison period’s level - Currencies had a 1 percentage point positive impact on sales - Share of Services increased Sale
Slide 10: Majority of Q1 sales delivered from the end of 2024 order book
Q1/25 Interim report Majority of Q1 sales was delivered from the end of 2024 order book, hence Americas outgrew EMEA Sales by geographical area, Q1/25 MEUR MEUR Q1/25 Q1/24 Change APAC 6% EMEA 192 201 -4% EMEA 47% AMER 195 184 6% APAC 24 29 -18% Eco portfolio sales 142 115 24% Eco portfolio sales, %
Slide 11: Record-high comparable operating profit margin
Q1/25 Interim report Record-high comparable operating profit margin Comparable operating profit MEUR MEUR Q1/25 Q1/24 Change Comparable operating profit 66 61 7% Comparable operating profit, % 16.0% 14.8% Operative ROCE 29.6% 28.1% - Strong execution by all divisions - Commercial and supply chain action
Slide 12: We monitor closely the tariff situation
Q1/25 Interim report We monitor closely the tariff situation Equipment offering with the highest US exposure Short term actions Loader cranes Truck mounted Demountables Tail lifts -dasdasd Active monitoring of forklifts the volatile situation - Alternative suppliers & USMCA local sourcing - Price ad
Slide 13: On track to deliver on our 2028 financial targets
Q1/25 Interim report On track to deliver on our 2028 financial targets Comparable 2028 Sales CAGR1 Operating Profit ROCE2 financial targets >7% 16% >25% Rolling 10-year average LTM LTM Progress, 7% 13.7% 29.6% as of Q1/25 1 Over the cycle, LTM 10 year average 13 2 Defined as (Operating Profit / Operative
Slide 14: Reporting segments
Q1/25 Interim report 2. Reporting segments 14
Slide 15: All equipment divisions performed well in the first quarter
Q1/25 Interim report All equipment divisions performed well in the first quarter Equipment, Orders received, order book & sales MEUR MEUR Q1/25 Q1/24 Change Orders received 258 275 -6% Order book 541 709 -24% Sales 294 297 -1% Comparable operating profit 46 43 6% Comparable operating profit, % 15.7% 14
Slide 16: Improved gross profit margin led to higher profitability
Q1/25 Interim report Improved gross profit margin led to higher profitability Equipment, Comparable operating profit Equipment, Comparable operating profit bridge* MEUR MEUR Comparable operating profit Comparable operating profit, % 16 *Indicative management estimate
Slide 17: Services continued to grow
Q1/25 Interim report Services continued to grow Services, Orders received, order book & sales MEUR MEUR Q1/25 Q1/24 Change Orders received 120 111 8% Order book 60 61 -1% Sales 118 117 0% Comparable operating profit 28 27 3% Comparable operating profit, % 23.7% 22.9% - Orders received increased driven
Slide 18: Services profitability improved
Q1/25 Interim report Services profitability improved Services, Comparable operating profit Services, Comparable operating profit bridge* MEUR MEUR Comparable operating profit Comparable operating profit, % 18 *Indicative management estimate
Slide 19: Financials and outlook
Q1/25 Interim report 3. Financials and outlook 19
Slide 20: Income statement
Q1/25 Interim report Income statement Income statement Comparable operating profit bridge* MEUR Q1/25 Q1/24 Change MEUR Sales 411 415 -1% Gross profit 130 125 4% Gross profit, % 31.6% 30.2% EBITA 67 62 7% Comparable operating profit 66 61 7% Operating profit 66 61 7% Operating profit, % 16.0% 14.8% Net fin
Slide 21: Very strong balance sheet enabling organic and inorganic growth
Q1/25 Interim report Very strong balance sheet enabling organic and inorganic growth Net debt and gearing Maturity profile, 31 March 2025 MEUR MEUR Continuing operations Q1/25: Net debt -117 MEUR Gearing -12% Net debt Other interest bearing liabilities* Lease liabilities Gearing, % (RHS) Corporate bo
Slide 22: Strong cash flow driven by EBITDA and reduction in net working capital
Q1/25 Interim report Strong cash flow driven by EBITDA and reduction in net working capital Cash flow from operations before finance items and taxes MEUR 22 *Cash flow from operations before finance items and taxes **Indicative management estimate
Slide 23: Outlook for 2025 unchanged
Q1/25 Interim report Outlook for 2025 unchanged Hiab estimates: Continuing operations’ comparable operating profit margin in 2025 to be above 12.0% (2024: 13.2%) 23
Slide 24: Key takeaways
Q1/25 Interim report Key takeaways − Q1 performance further increases our confidence to reach our financial targets − We continue to execute our strategy despite the ongoing trade tensions − Operational excellence and very strong balance sheet support us to manage volatile market conditions − We have
Slide 25: Q&A
Q1/25 Interim report 4. Q&A 25
Slide 26: Site visit to Stargard, PL 18.9.2025
Q1/25 pre-silent call Site visit to Stargard, PL 18.9.2025 SAVE THE DATE - Stargard is one of Hiab’s largest assembly sites - Stargard assembles light and medium loader cranes - The site visit will be arranged together with Kalmar Corporation - More information to follow - Registration on: www.hiabg
Slide 27: Appendix
Q1/25 Interim report Appendix 27
Slide 28: Key financial figures
Q1/25 Interim report Key financial figures MEUR Q1/25 Q1/24 Change Orders received 378 386 -2% Order book 601 770 -22% Sales 411 415 -1% Gross profit, % 31.6% 30.2% EBITA 67 62 Comparable operating profit 66 61 7% Comparable operating profit, % 16.0% 14.8% Operating profit 66 61 7% Profit for the period 46
Slide 29: Key targets to measure success by 2028
Q1/25 Interim report Key targets to measure success by 2028 Comparable Sales CAGR1 Operating Profit ROCE2 Sustainability >7% 16% >25% SBTi Gearing Growing Dividend of <50% 30-50% of EPS 1 Over the cycle 29 2 Defined as (Operating Profit / Operative Capital Employed)
Slide 30: Built to perform
BUILT TO PERFORM HIAB • JONSERED • LOGLIFT • EFFER • ARGOS • MULTILIFT • GALFAB • MOFFETT • PRINCETON • WALTCO • DEL • ZEPRO • HIPERFORM