Slide 1: Q1 2025
Q1 2025 © CTEK AB
Slide 2: Today’s presenters
Today’s presenters HENRIK FAGRENIUS THOM MATHISEN CEO CFO © CTEK AB
Slide 3: A proud heritage that drives our future
A proud heritage that drives our future The CTEK story starts over 25 years ago in Vikmanshyttan, a small village in Dalarna in Sweden. This is where our founder – Swedish inventor Bengt Wahlqvist – created the first ever battery charger to use electronic pulse technology. © CTEK SWEDEN AB
Slide 4: From Sweden with love
From Sweden with love ALL OUR PRODUCTS ARE DESIGNED, DEVELOPED AND TESTED IN SWEDEN • CTEK secures its market position through high technical competence and focus on innovation throughout the development process. • About one third of the company's employees work in research and development at the
Slide 5: Chosen by the best
Chosen by the best At the moment, we’re supplying client branded chargers to over 50 of the biggest and most prestigious vehicle manufacturers in the world. © CTEK SWEDEN AB
Slide 6: CTEKs two technologies and subsegments
CTEKs two technologies and subsegments EVSE DESTINATION CHARGERS PORTABLE EV CHARGERS Installed at public destinations, offices Portable chargers for use away from etc. home (e.g. holiday homes) Low voltage CONSUMER PROFESSIONAL CLIENT BRAND INTEGRATED SOLUTIONS Primarily developed for private vehic
Slide 7: Examples of areas of use for a selection of products in CTEK’s portfolio
Examples of areas of use for a selection of products in CTEK’s portfolio EV & PHEV ICE RVs & LEISURE INDUSTRIAL CHARGESTORM CS ONE CS ONE CLIENT BRAND CS FREE M15 I1225 CONNECTED PRO 60 PRO 60 SMARTPASS 120S I2440 EV = Electric Vehicle, PHEV = Plug-in Hybrid Electric Vehicle, ICE = Internal combusti
Slide 8: CTEKs go to market strategy
CTEKs go to market strategy TWO SALES DIVISIONS DIVIDIED BY CUSTOMER TYPE Customer examples Product examples Automotive Chargestorm Connected Client brand Professional Charging point operators Customized solutions for EVSE and Low Voltage primarily for vehicle manufacturers, charging point operators
Slide 9: Chargestorm Connected Q1 2025
Chargestorm Connected 3 Q1 2025 © CTEK AB
Slide 10: CTEK Q1 2025 financial overview
CTEK Q1 2025 FINANCIAL OVERVIEW 213 56.4 19 MSEK PERCENT MSEK NET SALES GROSS MARGIN ADJUSTED EBITA 8 13 1.9x MSEK PERCENT CASH FLOW FROM OPERATING EVSE SHARE OF NET SALES NET DEBT RATIO ACTIVITIES © CTEK SWEDEN AB
Slide 11: Q1 2025 key take aways
Q1 2025 KEY TAKE AWAYS Continuous growth for the group 12.8% 13.6% 9.7% • Net sales increased 5% organically to 213 SEKm (201). 9.1% 7.1% 9,1% 9,1% • The gross margin increased with 2.4 p.p. to 56.4% (54.0). 1.4% 279 • The adj. EBITA margin decreased by 0.6 p.p. to 9.1% (9.7). 199 199 240 201 212 22
Slide 12: Q1 2025 financials
MXS5.0 Q1 2025 financials © CTEK AB
Slide 13: Consumer Division
Consumer Division CONTINUOUS STRONG MOMENTUM 1% • Net sales increased 7% organically to 34% 141 SEKm (132) • Adjusted EBITDA amounted to 49 SEKm (47), corresponding to a margin of 34.8% (35.9%). 66% 99% CS ONE Consumer div. Low Voltage Professional div. EVSE Net sales and adjusted EBITDA margin 200
Slide 14: Professional Division
Professional Division FIRST QUARTER WITH POSITIVE MARGIN 36% • Net sales increased with 3% organically 34% to 72 SEKm (69). • Adjusted EBITDA amounted to 4 SEKm (-3), corresponding to a margin of 6.0% (-4.6). 66% 64% CHARGESTORM CONNECTED 3 Professional div. Low Voltage Consumer div. EVSE Net sales
Slide 15: Cash flow and CAPEX
Cash flow and CAPEX Cash flow and financial position • Cash flow from operating activities amounted to 8 SEKm (45) in the period. • Capex during the period amounted to -16 SEKm (-19m). • Cash flow after investment activities in the period was -8 SEKm (26). • Cash and cash equivalents at the end of t
Slide 16: Summary
CS ONE Summary © CTEK AB
Slide 17: 3 phases to get back to growth and profitability
3 phases to get back to growth and profitability To be achieved before moving to Phase 3: • Adj. EBITA on track to reach financial target • Continuous stable positive cash flow • Net debt ratio below financial target To be achieved before moving to Phase 2: • Healthy OPEX level • LTM positive cash f
Slide 18: Summary Q1 2025
Summary Q1 2025 Fourth consecutive quarter with growth for the group Continuous strong momentum for the Consumer Division First quarter with positive EBITDA-margin for the Professional Division Positive reception of Chargestorm Connected 3 Stable financial situation ready for Phase 3 Cap
Slide 19: Questions?
Questions? ctek.com © CTEK AB