Slide 1: Fourth quarter 2024 interim report
January 24, 2025 Interim report Fourth quarter 2024 G6ran Bjorkman, President & CEO Olof Bengtsson, CFO \ Alleima
Slide 2: Safety first
Alleima Safety first At Alleima our objective is zero harm to our people, Protective equipment Emergency number Psychological safety the environment we work in, our customers and our suppliers. First aid kit Emergency exit Alarm Assembly point Health & well-being Speak Up
Slide 3: Alleima Fourth quarter 2024
Alleima Fourth quarter 2024 3 ― ― ― ― ― ― ― ― ―
Slide 4: Fourth quarter 2024
Alleima Fourth quarter 2024 4 % % x DPS
Slide 5: Q4 highlights
Alleima | Fourth quarter 2024 Q4 highlights Solid financial performance — Delivering from a solid backlog — Revenue growth Stability through mix shift — Reducing volatility — Increasing profitability long-term Ongoing growth initiatives — Acquisition of Endox — Foundation for further growth Revenues
Slide 6: Leading sustainability
Alleima | Fourth quarter 2024 Leading sustainability Making an impact through our operations — Prioritizing safety performance — _ Share of recycled steel remains high — Reducing CO: emissions — _ Increasing the share of female managers No. of Frequency injuries rate, R12 0 2 2 20 8 8 © 4 ° ° @4 GI
Slide 7: Enabling the sustainable transition
Enabling the sustainable transition Delivering Sanicro® 35 to Preem’s plant for Sustainable Aviation Fuel (SAF) — _ Committed to strengthen our position as enabler of the energy transition — Challenging processes requires advanced materials
Slide 8: Enabling the sustainable transition: Nuclear
Enabling the sustainable transition High activity in the Nuclear segment Second SGT order for small modular reactors (SMR) received Several large orders for conventional nuclear power Adding capacity and building backlog
Slide 9: Market development
Alleima | Fourth quarter 2024 Market development — Mixed marked demand — Soft European market, solid development in Asia, slight recovery in North America Perceived year on year underlying market demand trend CHEMICAL AND INDUSTRIAL OIL AND GAS: PETROCHEMICAL INDUSTRIAL HEATING CONSUMER Year onyear
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Slide 11: Earnings
Alleima | Fourth quarter 2024 Earnings Adjusted EBIT at SEK 584 million (682) — Margin of 11.5% (11.6) — Diversified product mix contribution Free operating cash flow of SEK 202 million (400) — Impacted by higher capex tt Adjusted EBIT SEK M 700 600 500 400 300 200 100 Q4 2022 Qi Q2. @3 2023 EBIT, a
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Slide 14: Strip
Alleima | Fourth quarter 2024 Strip Strong order intake growth — Organic order intake growth of 32% R12 — Organic revenue growth of -3% — Book-to-bill of 114% R12 Continued market rebound — Large order of pre-coated strip steel — Adjusted EBIT margin of 6.1% (7.3) — FX headwind of SEK -8 million yoy
Slide 15: Financial summary
Alleima | Fourth quarter 2024 Financial summary 15 SEKM Q4 2024 Q4 2023 FY 2024 FY 2023 Order intake, R12 19,419 21,684 19,419 21,684 Revenues 5,094 5,038 19,691 20,669 Adj. EBIT 584 582 1,944 2141 Adj. EBIT margin, % 15 1.6 9.9 10.4 Metal price effects -191 -138 -446 -95 Items affecting comparabili
Slide 16: Fourth quarter 2024
Alleima Fourth quarter 2024 16 ― ― 1 2 3 4 5 1 2 3 4 5
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Slide 18: Cash flow
Alle’ ima | Fourth quarter 2024 Cash flow — Free operating cash flow of SEK 202 million (400) Higher capex due to growth investments Free operating cash flow SEK M Q4 2024 Q4 2023 FY 2024 FY 2023 EBITDA 631 685, 2,410 2,957 Non-cash items 52 54 148 54 Changes in working capital 144 65 3 -380 Capex -
Slide 19: Ongoing growth initiatives to strengthen the company long-term
Alleima Ongoing growth initiatives to strengthen the company long-term
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Slide 21: Guidance ahead of the quarter and outcome
Alleima 2a | Fourth quarter 2024 Guidance ahead of the quarter and outcome Outcome Q4 2024 Guidance ahead of Q4 2024 Capex (Cash) SEK 1,190 million Approximately SEK 1,050 million FY 2024 in FY 2024 Currency transaction and SEK -5 million in Q4 SEK -40 million in Q4 translation effect Total currency
Slide 22: Guidance Q1 2025 and FY 2025
Alleima 22 | Fourth quarter 2024 Guidance Q1 2025 and FY 2025 Capex (cash) — Estimated to approximately SEK 1,200 million for FY 2025 Currency effects (transaction and translation) — SEK +85 million on operating profit (EBIT) for Qi 2025, compared to the corresponding period last year Metal price ef
Slide 23: Outlook for the first quarter 2025
Alleima, | Fourth quarter 2024 23 A Outlook for the first quarter 2025 — Mixed market demand — Positive development expected to mitigate effects from the cautious economic environment — Solid backlog in key segments — Product mix is expected to be similar to Q4 — Cash flow normally lower in H1
Slide 24: Summary
Summary —Mixed market sentiment —Organic revenue growth —Stable earnings development —Ongoing growth initiatives —Strong financial position
Slide 25: Q&A
Alleima 25 Fourth quarter 2024 Q&A
Slide 26: Thank you
Alleima Thank you alleima.com
Slide 27: Disclaimer
Alleima | Fourth quarter 2024 “ Disclaimer This presentation contains “forward-looking” statements that reflect the company’s current expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such exp