Slide 1: H1 2025 Interim Report Webcast Presentation
August 2025 H1 2025 Interim Report Webcast Presentation
Slide 2: Today's presenting team
Today’s presenting team Claes Westerlind Line Andrea Fandrup President & CEO CFO NKT A/S | H1 2025 | Webcast | August 2025 | 2
Slide 3: Forward looking statements
Forward looking statements This presentation and related comments contain forward- looking statements. Such statements are subject to many uncertainties and risks, as various factors of which several are beyond NKT’s control, may cause that the actual development and results differ materially from t
Slide 4: Key messages Q2 2025
Key messages Q2 2025 High activity level and progress on ongoing investments across all three business lines Organic growth of 13% Record-high operational Capacity expansion Updated 2025 outlook driven by high activity level EBITDA of EUR 105m up projects progressing NKT now expects revenue (in acro
Slide 5: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | H1 2025 | Webcast | August 2025 | 5
Slide 6: Financial performance in Q2 2025
Financial performance in Q2 2025 13% organic revenue* growth with high activity level across all three business lines Key developments in Q2 2025 Key financial highlights (EURm) Revenue* ▪ Solutions with organic revenue* growth of 18% driven by high 13% 12% activity level, specific variation orders
Slide 7: Solutions – Q2 2025
Solutions – Q2 2025 NKT Solutions Applications Serv. & Acc. High activity level and overall satisfactory execution Q2 2025 financial highlights Customer 450m 18% 66m offerings ▪ High-voltage AC/DC off-/onshore power cable solutions Revenue*, EUR Organic growth Oper. EBITDA, EUR ▪ Organic growth of 1
Slide 8: High-voltage market and order backlog
High-voltage market and order backlog NKT Solutions Applications Serv. & Acc. Continued high level of market activity in Q2 2025. High-voltage High-voltage order backlog (EURbn) order backlog maintained at high level >2.5 >3.5 >3.5 ▪ NKT estimates that the value of projects awarded in its addressabl
Slide 9: Applications – Q2 2025
Applications – Q2 2025 NKT Solutions Applications Serv. & Acc. Organic growth* driven by power distribution grid segment Q2 2025 financial highlights Customer 234m 11% 31m offerings ▪ Medium-voltage power cables for distribution grid ▪ Low-voltage power cables and building wires ▪ Telecom and other
Slide 10: Service & Accessories – Q2 2025
Service & Accessories – Q2 2025 NKT Solutions Applications Serv. & Acc. Growth in revenue and earnings driven by both business areas Q2 2025 financial highlights Customer 70m 7% 14m offerings ▪ High- and medium-voltage accessories ▪ Power cable services Revenue*, EUR Organic growth Oper. EBITDA, EUR
Slide 11: Update on major capacity investment projects
Update on major capacity investment projects New high-voltage factory in Karlskrona New cable-laying vessel, NKT Eleonora Key activities: Key activities: ▪ Progressing according to ▪ Progressing according to plan plan across multiple work with the hull currently being streams constructed ▪ New logis
Slide 12: Agenda
Agenda 06 Business highlights 13 Financial highlights 18 Questions & Answers NKT A/S | H1 2025 | Webcast | August 2025 | 12
Slide 13: Income statement: Revenue growth driven by all three business lines
Income statement: Revenue growth driven by all three business lines Income statement highlights Key developments in Q2 2025 Q2 H1 EURm 2025 2024 2025 2024 ▪ 13% organic growth* with high activity level across all three Revenue 945 802 1,782 1,506 business lines. Revenue (Std. metal prices) 723 605 1
Slide 14: Cash flow: Negative cash flow driven by investments and working capital
Cash flow: Negative cash flow driven by investments and working capital Cash flow statement highlights Key developments in Q2 2025 Q2 H1 EURm 2025 2024 2025 2024 ▪ Cash flow from operating activities of EUR -1m with Cash flow from operating activities -1 642 -142 690 negative contribution from chang
Slide 15: Balance sheet: Increased working capital and capital employed
Balance sheet: Increased working capital and capital employed Balance sheet highlights Key developments in Q2 2025 30 Jun 31 Mar 31 Dec EURm 2025 2024 2025 2024 2024 ▪ Working capital increased from EUR -1,184m at end-Q1 2025 to Working capital -1,132 -1,152 -1,184 -667 -1,432 EUR -1,132m due to pha
Slide 16: Financial outlook for 2025 updated
Financial outlook for 2025 updated The financial outlook is based on several assumptions including: ▪ Satisfactory execution of high-voltage investments and projects to deliver on expected profitability margin ▪ Satisfactory operational execution across business lines ▪ Stable market conditions for
Slide 17: Trajectory towards medium-term financial ambitions for 2028
Trajectory towards medium-term financial ambitions for 2028 Organic revenue* CAGR Operational EBITDA RoCE% from 2021 EUR >700m >20% >14% NKT A/S | H1 2025 | Webcast | August 2025 | 17
Slide 18: Key messages Q2 2025
Key messages Q2 2025 High activity level and progress on ongoing investments across all three business lines Organic growth of 13% Record-high operational Capacity expansion Updated 2025 outlook driven by high activity level EBITDA of EUR 105m up projects progressing NKT now expects revenue (in acro
Slide 19: Investor Relations Update Questions & Answers
Investor Relations Update Questions & Answers
Slide 20: Financial calendar 2025
Financial calendar 2025 2025 Event 19 November Interim Report, Q1-Q3 2025 For full list of Investor Relations events, please visit investors.nkt.com NKT A/S | H1 2025 | Webcast | August 2025 | 20