Assa Abloy Ab Class B · OMXSTO:ASSA_B

Assa Abloy Ab Class B — Q2 2025 Earnings Presentation

33 slides from Assa Abloy Ab Class B's earnings presentation, Jul 17, 2025

  1. Slide 1: ASSA ABLOY Q2 interim report 2025

    Download our IR app ASSA ABLOY Q2 interim report 2025 Internal

  2. Slide 2: Strong overall performance

    Strong overall performance Uppdatera bild  Good organic sales development – Strong sales growth in Global Technologies – Good sales growth in Americas – Small sales growth in Entrance Systems – Sales decline in EMEIA and Asia Pacific  Strong operating margin – Excellent operating leverage offsetti

  3. Slide 3: Q2 2025 figures in summary

    Q2 2025 figures in summary Sales EBIT* +0% +1%  Sales MSEK 38,015 +0% – +3% organic sales 40 000 7 000 37 968 38 015 – +5% acquired and divested 38 000 – -8% currency 36 000 6 500 34 000  EBITA-margin* 17.2% (16.9%) 32 000 6 155 6 000 6 085 30 000  EBIT-margin* 16.2% (16.0%) 28 000 5 500 26 000 

  4. Slide 4: Sales by region Apr-Jun 2025

    Sales by region ASSA ABLOY 100 8 3 Emerging markets 12 -3 -2 Apr-Jun 2025 32 10 1 54 9 4 6 2 -2 1 -18 4 3 -1 4 4 7 1 Change in local currencies Organic change Share of sales, % QTD 2025 vs. QTD 2024, % QTD 2025 vs. QTD 2024, % Emerging markets follow IMF’s definition as per 2018-12-31 4 Internal

  5. Slide 5: Q2 2025 Market highlight

    Q2 2025 Market highlight SKIDATA enters strategic partnership with Samsung  Partnership to improve guest experience at sports and entertainment venues globally  Samsung Wallet’s digital platform integrates with SKIDATA’s access management solutions  Collaboration aims to innovate and deliver new

  6. Slide 6: Q2 2025 Project wins

    Q2 2025 Project wins Hyundai Hillstate Mediale Freedom of the Seas Ryan Field, Northwestern University Largest apartment complex scheduled Modernization of cruise ship. Reconstruction of sports stadium in for occupancy in 2026 in the central Illinois. Complete locking system upgrade of ~2,700 area o

  7. Slide 7: FX adjusted sales growth

    FX adjusted sales growth Sales R12M +59% vs 2020 % MSEK 30 150 000 25 140 000 20 130 000 15 120 000 10 110 000 5 100 000 0 -5 90 000 -10 80 000 -15 70 000 -20 60 000 2020 2021 2022 2023 2024 2025 Organic growth, % Acquired growth, % Sales in fixed currencies R12M, MSEK 7 Internal

  8. Slide 8: Operating margin

    Operating margin 17.1% EBITA-margin run rate % Run rate: EBIT-margin 16.1% (15.7%) 19 18 17 Long term target range (average) 16 15 14 13 12 11 10 2020 2021 2022 2023 2024 2025 Quarter EBIT Rolling 12-months EBITA Rolling 12-months Excluding items affecting comparability 8 Internal

  9. Slide 9: Operating profit

    Operating profit MSEK Run rate EBIT up 106% vs 2020 MSEK 7 000 25 000 22 500 6 000 20 000 5 000 17 500 15 000 4 000 12 500 3 000 10 000 2 000 7 500 5 000 1 000 2 500 0 0 2020 2021 2022 2023 2024 2025 Quarter Rolling 12-months Excluding items affecting comparability 9 Internal

  10. Slide 10: Acquisitions

    Acquisitions  Active pipeline – 5 acquisitions completed in Q2 – 11 acquisitions completed in H1 – Representing annualized sales of MSEK 4,400  Divestment of Citizen ID – Business outside of the US divested in January 2025 – Parties have agreed that the US part of Citizen ID will remain with ASSA

  11. Slide 11: TeleAlarm

    TeleAlarm  European provider of remote care technology  Will reinforce our offering within Senior Care  Sales of MSEK 330 in 2024  Accretive to EPS from the start 11 Internal

  12. Slide 12: Kingspan Door Components

    Kingspan Door Components (Kingspan Door Components)  Belgian manufacturer of high-quality door panels for sectional doors  Adds complementary products to our core business  Sales of MSEK 290 in 2024  Initially dilutive to EPS 12 Internal

  13. Slide 13: Opening Solutions EMEIA

    Opening Solutions 16% EMEIA of Group sales  Organic sales -1% – Good sales growth in Central Europe 6 500 17% – Small sales growth in the Nordics 6 000 – Sales decline in UK/Ireland, South Europe and Middle 5 500 15% East, India and Africa 5 000 13% 4 500  Operating margin* 13.9% (13.6%) 4 000 11%

  14. Slide 14: Opening Solutions Americas

    Opening Solutions 29% of Americas Group sales  Organic sales +4% – Strong sales growth in the North America Non- 12 000 21% Residential segment – Stable sales in the North America Residential segment 11 000 and Latin America 20% 10 000 9 000 19% 8 000  Operating margin* 18.6% (19.0%) 7 000 – Stron

  15. Slide 15: Opening Solutions Asia Pacific

    Opening Solutions 5% Asia Pacific of Group sales  Organic sales -1% – Strong sales growth in Pacific & North East Asia 3 000 15% – Significant sales decline in Greater China & South East Asia 10% 2 500 5%  Operating margin* 9.6% (8.3%) 2 000 – Excellent operating leverage (+140 bps) driven by 0% p

  16. Slide 16: Global Technologies

    Global Technologies 17% of Group sales  Organic sales +8% – Very strong sales growth in HID 6 500 20% – Strong sales growth in Global Solutions 6 000 18% 5 500 5 000 16%  Operating margin* 18.5% (15.8%) 4 500 14% – Excellent operating leverage (+280bps) driven by 4 000 price/cost, positive mix, an

  17. Slide 17: Entrance Systems

    Entrance Systems 33% of Group sales  Organic sales 1% – Very strong sales growth in Perimeter Security 14 000 18% – Good sales growth in Doors & Automation1 and Pedestrian 13 000 17% – Sales decline in Industrial 12 000 16% 11 000 – Small sales growth in service 10 000 15% 9 000 14%  Operating mar

  18. Slide 18: Financial summary

    FX & acquisition ‘run-rate’ effects in Q3 2025 Financial summary (30 Jun 2025): SALES FX: -8% M&A: 6% April-June* January-June* SEK M 2024 2025 Change 2024 2025 Change Sales 37,968 38,015 0% 73,168 75,955 4% - Organic growth -349 945 3% -1,111 1,552 2% - Acquired net growth 3,925 1,855 5% 7,532 3,56

  19. Slide 19: Bridge analysis – Q2 2025

    Bridge analysis – Q2 2025 MSEK Q2 2024 Organic Currency Acq/div Q2 2025 Growth 10% 3% -8% 5% 0% Sales 37,968 945 -2,753 1,855 38,015 Operating income* 6,085 500 -516 85 6,155 Operating margin, %* 16.0% 52.9% 18.7% 4.6% 16.2% Dilution/accretion 0.9 pts -0.1 pts -0.6 pts *Excluding items affecting com

  20. Slide 20: Cost breakdown as % of sales – Q2 2025

    Cost breakdown as % of sales – Q2 2025 QTD 2025 % QTD 2024 excl. acq/div Δ QTD 2025 Direct material -33.6% -33.0% +0.6pts -32.9% Conversion cost -24.6% -24.1% +0.5 pts -24.2% Gross margin 41.8% 42.9% +1.1 pts 42.9% S, G & A -25.8% -26.1% -0.3 pts -26.7% EBIT* 16.0% 16.8% +0.8 pts 16.2% *Excluding it

  21. Slide 21: Operating cash flow, MSEK

    Operating cash flow, MSEK Quarter 12 months cash flow / EBT* = 105% 12 months 9 000 26 000 8 000 23 500 21 000 7 000 18 500 6 000 16 000 5 000 13 500 4 000 11 000 8 500 3 000 6 000 2 000 3 500 1 000 1 000 0 -1 500 2020 2021 2022 2023 2024 2025 Quarter, MSEK Cash rolling 12 months, MSEK EBT* rolling

  22. Slide 22: Gearing % and net debt, MSEK

    Gearing % and net debt, MSEK Net debt/EBITDA* 2.3 (2.4) Net debt Net debt/Equity 71% (68%) Gearing % 80 000 80 70 000 70 60 000 60 50 000 50 40 000 40 30 000 30 20 000 20 10 000 10 0 0 2020 2021 2022 2023 2024 2025 Net debt, MSEK Gearing, % *Excluding items affecting comparability 22 Internal

  23. Slide 23: Earnings per share, SEK

    Earnings per share, SEK Quarter 12 months 4,00 16 3,50 14 3,00 12 2,50 10 2,00 8 1,50 6 1,00 4 0,50 2 2020 2021 2022 2023 2024 2025 Quarter, SEK Rolling 12 months, SEK Excluding items affecting comparability 23 Internal

  24. Slide 24: Conclusions

    Conclusions  Strong overall performance  Good organic sales growth of 3%  Strong operating margin of 16.2% – Excellent operating leverage of 53%  Strong cash flow and cash conversion  Uncertain market conditions  Capital Markets Day November 19, 2025  Registration open assaabloy.com/investors

  25. Slide 25: Q&A

    Experience a safer and more open world The ASSA ABLOY Group is the global leader in.access solutions. Every day we help people feel safe, secure and experience amore open world. ASSA ABLOY

  26. Slide 26: Appendix

    Appendix Internal

  27. Slide 27: Cost breakdown as % of sales

    Cost breakdown as % of sales QTD 2025 YTD 2025 excl. excl. % QTD 2024 acquisitions Δ QTD 2025 YTD 2024 acquisitions Δ YTD 2025 Direct material -33.6% -33.0% +0.6pts -32.9% -33.8% -32.7% +1.1pts -32.7% Conversion cost -24.6% -24.1% +0.5 pts -24.2% -24.7% -24.5% +0.2 pts -24.5% Gross margin 41.8% 42.9

  28. Slide 28: Opening Solutions EMEIA's bridge

    Opening Solutions EMEIA’s bridge MSEK Q2 2024 Organic Currency Acq/Div Q2 2025 Growth 3% -1% -4% 5% 0% Sales 6,391 -61 -254 290 6,367 Operating income* 872 -28 -6 49 886 Operating margin, %* 13.6% 46.6% 2.5% 17.0% 13.9% Dilution/accretion -0.3pts +0.5pts +0.1pts 12 months figures Sales 25,007 25,322

  29. Slide 29: Opening Solutions Americas' bridge

    Opening Solutions Americas’ bridge MSEK Q2 2024 Organic Currency Acq/Div Q2 2025 Growth 35% 4% -9% 2% -3% Sales 11,562 468 -1,072 207 11,165 Operating income* 2,198 152 -182 -88 2,080 Operating margin, %* 19.0% 32.5% 17.0% -42.5% 18.6% Dilution/accretion +0.6pts 0.2pts -1.2pts 12 months figures Sale

  30. Slide 30: Opening Solutions Asia Pacific's bridge

    Opening Solutions Asia Pacific’s bridge MSEK Q2 2024 Organic Currency Acq/Div Q2 2025 Growth -12% -1% -9% 0% -10% Sales 2,430 -24 -209 0 2,197 Operating income* 203 29 -21 0 211 Operating margin, %* 8.3% -122.0% 10.3% 0,0% 9.6% Dilution/accretion +1.4pts -0.1pts 0.0pts 12 months figures Sales 9,586

  31. Slide 31: Global Technologies' bridge

    Global Technologies’ bridge MSEK Q2 2024 Organic Currency Acq/Div Q2 2025 Growth 1% 8% -8% 7% 7% Sales 5,939 422 -400 365 6,327 Operating income* 937 245 -136 124 1,169 Operating margin, %* 15.8% 58.0% 33.9% 33.8% 18.5% Dilution/accretion +2.8pts -1.0pts +0.9pts 12 months figures Sales 23,021 25,391

  32. Slide 32: Entrance Systems' bridge

    Entrance Systems’ bridge MSEK Q2 2024 Organic Currency Acq/Div Q2 2025 Growth 4% 1% -8% 9% 2% Sales 12,196 68 -853 993 12,404 Operating income* 2,077 138 -171 0 2,043 Operating margin, %* 17.0% 202.5% 20.1% 0.0% 16.5% Dilution/accretion 1.0pts -0.1pts -1.4pts 12 months figures Sales 47,552 50,802 EB

  33. Slide 33: Thank you

    Thank you assaabloy.com Internal

ASSA ABLOY — Q2 2025 Earnings Presentation on 6ix