Slide 1: July-September 2024
uly-September 2024 = Son, President & CEO— = Fredrik Nilsson, CFO TRELLEBORG
Slide 2: Agenda
Agenda Highlights Business areas Financials Summary & Outlook Q4 2024 Q&A 2 TRELLEBORG GROUP
Slide 3: Mixed performance
Mixed performance Q3 2024 financial summary1 • Sales at SEK 8 442 M, in line with the preceding year • Organic sales +1 percent, M&A +2 percent, currency -3 percent • EBITA at SEK 1 464 M, corresponding to a margin of 17.3 percent (17.6) • Items affecting comparability at SEK -73 M • Operating cash
Slide 4: Organic sales development by geography
Organic sales development by geography Organic sales continuing operations • operations Total Jul - Sep 24 Jul - Sep 23 Europe 1% -1% Share of sales1 Jul - Sep 24 Jul - Sep 23 46% -1% 3% North- and South America Share of sales1 Jul - Sep 24 Jul - Sep 23 Asia and rest of the world 35% -5% 0% Share of
Slide 5: Agenda
Agenda Highlights Business areas Financials Summary & Outlook Q4 2024 Q&A 5 TRELLEBORG GROUP
Slide 6: Organic growth despite tougher markets
Organic growth despite tougher markets Trelleborg Industrial Solutions1 • Organic sales: +2 percent, M&A +1 percent • Mixed demand in the industrial segments SEK M Q3 2024 Q3 2023 Change, % • Residential construction continue to be weak in Net sales 3 661 3 663 0 both Europe and North America Organi
Slide 7: A new platform from which to grow
A new platform from which to grow Trelleborg Medical Solutions1 • Organic sales: +1 percent, M&A +35 percent • Baron Group consolidated from 17 July 2024 SEK M Q3 2024 Q3 2023 Change, % • Organic sales of medical solutions were largely Net sales 852 645 32 unchanged in both Europe and North America
Slide 8: Stable performance in tougher markets
Stable performance in tougher markets Trelleborg Sealing Solutions1 • Organic sales: +1 percent, M&A +2 percent • Sales to general industry declined in Europe and SEK M Q3 2024 Q3 2023 Change, % North America, but improved in Asia Net sales 4 130 4 158 -1 • Deliveries to the automotive industry incr
Slide 9: Sustainability KPIs – continuing operations
Sustainability KPIs – continuing operations Carbon dioxide emissions Tonnes, CO₂ 30,000 28,411 25,000 20,775 20,000 18,271 15,000 13,713 13,962 10,000 5,000 0 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 9 TRELLEBORG GROUP
Slide 10: Sustainability KPIs – continuing operations
Sustainability KPIs – continuing operations Share of renewable and fossil-free electricity +23 p.p. Mwh 64% 87% 100,000 77,780 76,968 76,275 74,181 79,154 80,000 69,692 67,694 68,822 60,000 49,879 41,965 40,000 20,000 0 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Renewable and fossil-free electricity Total electr
Slide 11: Agenda
Agenda Highlights Business areas Financials Summary & Outlook Q4 2024 Q&A 11 TRELLEBORG GROUP
Slide 12: Sales largely unchanged
Sales largely unchanged Sales development continuing operations 0% July – September (%) 8,458 8,442 Organic 1 Structural 2 Currency -3 Total 0 Q3 23 Q3 24 January – September (%) -2% Organic 0 25,865 25,387 Structural 0 Currency -2 Total -2 9M 23 9M 24 12 TRELLEBORG GROUP
Slide 13: Small organic sales growth
Small organic sales growth Target: 8% annual sales growth with constant currencies over a business cycle 1 % 30% 23 20% 17 17 16 15 13 12 10 10% 8 3 3 0 0% -10% -5 21 21 22 22 22 22 23 23 23 23 24 24 24 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Of which organic growth, %: 16 9 13 11 15 15 7 3 -1 0 -3 1
Slide 14: Sales development
Sales development Continuing operations, R12M SEK M SEK M 9,000 35,000 8,000 30,000 7,000 25,000 6,000 5,000 20,000 4,000 15,000 3,000 10,000 2,000 5,000 1,000 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 20 20 21 21 21 21 22 22 22 22 23 23 23 23 24 24 24 Quarter (LHS) R12M (RHS) 14 TRELLE
Slide 15: EBITA and margin slightly down
EBITA and margin slightly down EBITA and margin development1 -2% -0.3 1,487 1,464 17.6 17.3 EBITA Jul - Sep EBITA % Q3 23 Q3 24 Q3 23 Q3 24 -1% +0.2 4,578 4,553 17.7 17.9 EBITA Jan - Sep EBITA % 9M 23 9M 24 9M 23 9M 24 1 Excluding items affecting comparab ility, continuing op erations 15 TRELLEBORG
Slide 16: R12M EBITA – continued improvement
R12M EBITA – continued improvement EBITA and margin, R12M1 SEK M % 7,000 20 +1% 6,000 18 5,000 4,000 16 3,000 14 2,000 12 1,000 0 10 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 20 20 21 21 21 21 22 22 22 22 23 23 23 23 24 24 24 EBITA % EBITA 1 Excl. items affe cting comparability, continuing
Slide 17: Profit & loss statement
Profit & loss statement SEK M Q3 2024 Q3 2023 Change, % 9M 2024 9M 2023 Change, % Net sales 8 442 8 458 0 25 387 25 865 -2 EBITA, excluding items affecting comparability 1 464 1 487 -2 4 553 4 578 -1 EBITA-margin, % 17.3 17.6 17.9 17.7 EBIT, excluding items affecting comparability 1 320 1 361 -3 4 1
Slide 18: EPS decline in continuing operations
EPS decline in continuing operations Earnings per share1 -8% % % -10% 3.84 6 4 3.54 4.19 4 3.78 Continuing Jul - Sep Group, 2 operations, 2 excl. items affecting Total comparability 0 0 Q3 23 Q3 24 Q3 232 Q3 24 -68% 0% % % 40 36.84 15 12.56 12.50 Continuing 10 Group, 20 Jan - Sep operations, 11.74 5
Slide 19: Cash flow impacted by higher capex and WC
Cash flow impacted by higher capex and WC Operating cash flow1 SEK M Q3 2024 Q3 2023 Change 1,608 -10 1,422 EBITDA 1 821 1 831 -10 -232 70 -1 Working capital 88 320 -232 -13 Net capex -406 -393 -13 Leasing -83 -153 70 Other 2 3 -1 Operating cash flow 1 422 1 608 -186 Q3 23 EBITDA Working Net Leasing
Slide 20: Cash conversion remains at a solid level
Cash conversion remains at a solid level Operating cash flow, R12M1 SEK M % 6,000 140 128 5,500 122 121 5,000 120 101 4,500 96 99 95 92 100 4,000 85 88 88 85 3,500 76 69 74 75 80 63 3,000 2,500 60 2,000 40 1,500 1,000 20 500 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 20 20 21 21 21 21 22
Slide 21: Back to net debt due to acquisitions and buy-backs
Back to net debt due to acquisitions and buy-backs Gearing and leverage, R12M, Group1 % 2.5 2.4 2.5 60 56 52 50 2.0 1.8 1.7 40 35 35 1.5 1.2 30 25 1.0 0.8 20 13 0.5 0.3 10 5 0 0.0 -10 -6 -2 -0.5 -0.2 -0.1 18 19 20 21 22 23 24 24 24 18 19 20 21 22 23 24 24 24 Q1 Q2 Q3 Q1 Q2 Q3 Net debt / Equity Net d
Slide 22: ROCE impacted by acquisitions
ROCE impacted by acquisitions Return on capital employed, R12M, %1 17.5 16.5 15.7 16.1 15.9 14.9 15.1 14.9 15.0 13.9 13.9 13.0 12.9 12.7 12.7 12.5 12.0 12.3 11.0 11.2 10.0 7.5 5.0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 20 20 21 21 21 21 22 22 22 22 23 23 23 23 24 24 24 1 Excluding items
Slide 23: Financial guidelines for full-year 2024
Financial guidelines for full-year 2024 Continuing operations SEK SEK SEK ~1.7 B ~300 M ~500 M ~25% Capex Restructuring Amortization of Underlying tax costs intangible rate assets 23 TRELLEBORG GROUP
Slide 24: Agenda
Agenda Highlights Business areas Financials Summary & Outlook Q4 2024 Q&A 24 TRELLEBORG GROUP
Slide 25: Mixed performance
Mixed performance Q3 2024 financial summary1 • Sales at SEK 8 442 M, in line with the preceding year • Organic sales +1 percent, M&A +2 percent, currency -3 percent • EBITA at SEK 1 464 M, corresponding to a margin of 17.3 percent (17.6) • Items affecting comparability at SEK -73 M • Operating cash
Slide 26: Outlook Q4 2024
Outlook Q4 2024 • Demand is expected to be slightly lower compared with the third quarter of 2024, adjusted for seasonal variations • The geopolitical situation entails a heightened degree of uncertainty 1 Excluding items affe cting comparability, continuing ope rations 26 TRELLEBORG GROUP
Slide 27: Agenda
Agenda Highlights Business areas Financials Summary & Outlook Q4 2024 Q&A 27 TRELLEBORG GROUP
Slide 28: 28 TRELLEBORG GROUP
= ———— LE ————— AAA 28 TRELLEBORG GROUP TRELLEBORG
Slide 29: www.trelleborg.com
VA TRELLEBORG www.trelleborg .com