Slide 1: Year end report 2024
2024 2024 Year end report Year end report Markus Jönsson, CEO Markus MagnusJönsson, Henell, CEO CFO Magnus Henell, CFO February 6th , 2025 February 6th, 2025
Slide 2: Q4 results
Q4- results “A topline sales sprint in Q4 crowns a successful year”
Slide 3: Great accomplishments start with great people
Great accomplishments start with great people Dan Isaksson, Frida Boström, Ida Friberg, Markus Hoffman, Catherine Austin, Peter van Aken, R&D R&D R&D R&D Marketing Business Transformation The members of our team have extensive experience from Ulf Hansen, Jennifer Ardin, Markus Jönsson, Per Svensson,
Slide 4: Maritime shipping - Selected challenges
Maritime shipping - Selected challenges Emissions to air - CO2 Transfer of invasive species Emissions to water - Release emission reduction between ecosystems of chemical substances Even minor fouling on the hull will Non-indigenous and invasive Use of biocides in paint is strictly lead to significa
Slide 5: Selektope helps to:
Selektope® helps to: 1 2 3 Reduce Protect marine Reduce emissions emissions to air ecosystems to the ocean Premium antifouling helps to Selektope enables ultra-low reduce emissions from shipping biocide coatings. by lowering the hydrodynamic drag of the ship, which improves Additionally, Selektope i
Slide 6: New indocking data underscores the value of Selektope
New indocking data underscores the value of Selektope® More than 33% of all inspected ships have unacceptable levels (>10%) of barnacle fouling 761 ships inspected Condition upon dry-docking Selektope® significantly improves performance Presence of Barnacles as percent of total observations 100% 100
Slide 7: Market outlook
Market outlook Ship building & maintenance (yearly) ✓ 1.800 new ships ✓ 20.000 dry-dockings $300 – 500 million opportunity Antifouling technologies for coatings New-ships Dry-dockings Europe RoW RoW Europe Korea Turkey China China Japan Other Asia Source: Clarkson 2023, share of dry-dockings estimat
Slide 8: I-Tech today
I-Tech today A scalable business with plenty of additional potential Antifouling coatings “A consolidated market” “Antifouling paint is essential to ship performance” ----- Just 10% fouling can increase fuel consumption and CO2 emissions by 30-40% ✓ Unique technology ✓ Intellectual property and form
Slide 9: 2024 highlights
2024 highlights “A topline sales sprint in Q4 crowns a successful year” 48% Sales Growth vs. 2023 Diversification continues: 33% of Sales from a broadening customer base Operating profit grew by 94% to 45.5 MSEK The board propose a total dividend of SEK 1.75 per share, corresponding to 53% of the ne
Slide 10: Yet another record year
“Yet another record year” All amounts (MSEK) 2024 2023 2024 2023 Oct-Dec Oct-Dec Jan-Dec Jan-Dec Net Sales 57.8 25.3 179.4 120.9 Gross margin 54% 52% 53% 53% EBITDA 18.8 1.5 53.7 31.4 EBIT 16.8 -0.5 45.5 23.4 Operating cashflow 6.2 -0.8 35.2 35.1 Net working capital 32.1 10.7 32.1 10.7 Cash balance
Slide 11: Geographical spread
Geographical spread Northeast Asia drives topline Overall sales split by region Asia sales split by country 3% 4% 13% 97% 50% 30% Asia Europe RoW Korea Japan China Singapore X% - Share of total Sales
Slide 12: An eventful year
An eventful year Major events during 2024 New supply agreements and new product launches by customers Change in leadership & additional team capabilities EU renewal: - A bumpy road, as foreboded
Slide 13: Selektope's re-registration process in the EU
Selektope’s re-registration process in the EU All biocides under regulatory pressure in Europe DG Sante synthesize Standardized process input from public consultation Vote in Standing Committee on Biocidal Products Discussion in Standing Committee on Biocidal September 2025 Products Socio-economic a
Slide 14: Summary of known input in the public consultation
Summary of known input in the public consultation A non-renewal is a global issue with potential negative trade implications – Weakened EU competitiveness Shipyards Shipowners Paint companies A non-renewal would mean a lack of viable alternatives on the EU market – Negative impact on the environment
Slide 15: Business development pipeline
Business development pipeline New growth vectors and business diversification Complementing technologies Adjacent markets Step-outs
Slide 16: Business Outlook
Business Outlook Favorable market conditions & new customer product launches EU process continue to absorb attention & resources Operational improvements
Slide 17: i =e ©
i 0 =e ©