Slide 1: Q2 2026 Interim Report
Q2 2026 INTERIM REPORT DOMETIC GROUP
Slide 2: Juan Vargues, President and CEO
JUAN VARGUES PRESIDENT AND CEO
Slide 3: Q2 2026 Highlights
Q2 2026 HIGHLIGHTS Market development • Macro uncertainty persists amid trade and geopolitical risks • Higher raw material prices leading to inflation, tariff volatility remains • Continued cautious behavior among consumers. Dealers, and OEMs carefully managing inventory • Continued decline in indus
Slide 4: Expansion of Global Restructuring Program
EXPANSION OF GLOBAL RESTRUCTURING PROGRAM Program originally communicated in December 2024 Continued decline in market demand requires further cost alignment Expansion of restructuring program primarily impacting the Land Vehicles segment where OEM demand, in particular in the Americas, has weak
Slide 5: Q2 2026 Financial Summary
Q2 2026 FINANCIAL SUMMARY -5% Net sales of SEK 5,969 m, -5% total growth 6,269 • -1% Organic Net Sales • -3% FX EBITA before i.a.c -16% • 0% M&A 5,969 • -1% Portfolio changes 877 EBITA before i.a.c. of SEK 739 m, -16% 739 • EBITA margin of 12.4% (14.0%) EPS of SEK 0.75 (1.09) Adjusted EPS of SEK 1.2
Slide 6: YTD June 2026 Financial Summary
YTD JUNE 2026 FINANCIAL SUMMARY -7% Net sales of SEK 11,209 m, -7% total growth 12,099 • -1% Organic Net Sales • -6% FX EBITA before i.a.c • 0% M&A • -1% Portfolio changes -13% 11,209 EBITA before i.a.c. of SEK 1,296 m, -13% 1,484 • EBITA margin of 11.6% (12.3%) 1,296 EPS of SEK 1.28 (1.66) Adjusted
Slide 7: Net Sales Development by Quarter
NET SALES DEVELOPMENT BY QUARTER LTM MSEK 45,000 Q2 2026 Net Sales SEK 5,969 m -1% Organic growth -1% 0% • Land Vehicles -4% where of: 36,000 -3% - Americas -16% -1% - EMEA 3% - APAC -12% 27,000 • Marine 3% • Mobile Cooling Solutions 5% • Global Ventures -16% 18,000 9,000 0 Q2 2024 Q3 2024 Q4 2024 Q
Slide 8: Net Sales by Sales Channel
NET SALES BY SALES CHANNEL SEK B 35 30 • RV OEM 17% of Group sales • 49% in 2017 25 29% 29% 31% 20 15% 33% 27% 31% 10% 28% 15 35% 29% 36% 29% 31% 10 7% 44% 50% 43% 14% 5 40% CPV OEM 54% 38% 38% Marine OEM 17% RV OEM 0 2020 2021 2022 2023 2024 2025 Jun 2026 LTM OEM Jun 2026 LTM OEM Service & Aftermar
Slide 9: Organic Growth by Sales Channel
ORGANIC GROWTH BY SALES CHANNEL* Service & Aftermarket Distribution OEM 5% 3% 2% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 2026 2024 2025 2026 2024 2025 2026 -4% -3% -1% -4% -4% -1% -2% -8% -5% -7% -6% -3% -6% -9% -7% -13% -14% -10% -11% -
Slide 10: Market Demand Indicators 2026
MARKET DEMAND INDICATORS 2026 US RV Market Production EU RV Registrations US boat registrations 58% Jan Feb Mar Apr May Jan Feb Mar Apr May -3% 12% -7% -11% 5% -10% -11% -14% -12% Jan Feb Mar Apr May Jun -17% -13% -13% -1% -17% -19% • February increase largely impacted by the phasing out of model se
Slide 11: EBITA and EBITA Margin Before I.A.C
EBITA AND EBITA MARGIN BEFORE I.A.C EBITA before i.a.c last 12 months 10.2% (10.3%) EBITA Q2 2026 MSEK margin LTM EBITA margin before i.a.c 12.4% (14.0%) 1.100 13% 12% • Gross margin increased to 30.1% (from 1.000 11% 29.7%), driven by favorable channel mix and 900 10% restructuring program savings,
Slide 12: Land Vehicles Q2 2026
LAND VEHICLES Q2 2026 Net sales SEK 2,379 m, -9% • Organic growth -4% • Slight decline in Service & Aftermarket • Continued decline in OEM, mainly RV OEM EBITA before i.a.c. SEK 246 m (313) Net sales and EBITA margin before i.a.c. 12% 3.500 • EBITA Margin 10.3% (12.0%) 10% 3.000 • Reduced profitabil
Slide 13: Marine Q2 2026
MARINE Q2 2026 Net sales SEK 1,246 m, -0% • Organic growth 3% • Double-digit growth in Sales & Aftermarket • Slight decline in OEM EBITA before i.a.c. SEK 234 m (244) • EBITA Margin 18.8% (19.6%) Net sales and EBITA margin before i.a.c. • The lower margin was driven by higher SG&A, which 25% 1.600 i
Slide 14: Mobile Cooling Solutions Q2 2026
MOBILE COOLING SOLUTIONS Q2 2026 Net sales SEK 1,907 m, 1% Organic growth 5% Solid growth in North America Net sales and EBITA margin before i.a.c. EBITA before i.a.c. SEK 218 m (246) 14% 2.500 12% EBITA Margin 11.5% (13.1%) 10% 8% 2.000 Significantly higher resin prices. Time lag until 6%
Slide 15: Global Ventures Q2 2026
GLOBAL VENTURES Q2 2026 Net sales SEK 437 m, -18% Organic growth -16% Decline in both Other Global Verticals and Mobile Power Solutions EBITA before i.a.c. SEK 41 m (75) Net sales and EBITA margin before i.a.c. EBITA Margin 9.3% (14.2%) 16% 700 14% 600 Lower EBITA and margin mainly due to
Slide 16: Sustainability and Innovation Q2 2026
SUSTAINABILITY AND INNOVATION Q2 2026 • LTIFR 1) at 0.7 KPI Focus area 2026 2025 2026 Target – Well below the target of 1.0 LTIFR1) People 0.7 0.7 <1.0 – Injury prevention initiatives and reporting process Share of female managers People 30% 30% 30% improvements continue Share of renewable electrici
Slide 17: Product News
PRODUCT NEWS
Slide 18: Brand Campaign Opened Doors in High Profile Lifestyle Media
BRAND CAMPAIGN OPENED DOORS IN HIGH PROFILE LIFESTYLE MEDIA Coverage Coming Soon • 55 pieces of editorial coverage (post-experience) • 34 syndicated pickups • 1.4+ billion estimated reach • Outdoor, wellness, lifestyle, local, cultural outlets • 12 pieces of product coverage September/October Live D
Slide 19: For Van Dwellers
FOR VAN DWELLERS VAN COOK FFD COMBO • Compact cooking solution powered by cassette gas cartridges • High-quality burner delivers fast, even heat • Built-in Flame Failure Device (FFD) enhances safety • Durable ceramic-coated grill Page 19 | Dometic Group
Slide 20: Withstand All
WITHSTAND ALL CARGO BED SLIDE • Engineered to withstand the toughest demands of overlanding, trade work, and weekend adventures • Constructed with a high-strength steel frame, heat- treated aluminium slats, and anodised slider rails. • Built to withstand the all elements and demands of outside use P
Slide 21: Electric Water Heater
ELECTRIC WATER HEATER • Electric-only design eliminates propane components, simplifying installation and operation. • Enables greater layout flexibility and lower maintenance with fewer system components. • Seamlessly integrates with existing RV electrical systems to deliver reliable, energy-efficie
Slide 22: Global Cost Reduction Program
GLOBAL COST REDUCTION PROGRAM Total savings SEK 900 m Announced on December 12, 2024 Target • SEK 900 m in annual run rate savings when fully implemented mid 2027, including the program extension communicated in Q2 2026 Progress savings • Closed one Manufacturing site and six Distribution centers Co
Slide 23: Per Carlsson, Interim CFO
"PER CARLSSON == -_ INTERIMCFO “> DOMETIC
Slide 24: Q2 2026 Income Statement
Q2 2026 INCOME STATEMENT Gross profit margin 30.1% (29.7%) Q2 Q2 • Favorable impact from sales channel mix and restructuring, SEK m 2026 2025 partially offset by higher costs for materials and freight. Tariff Net sales 5,969 6,269 refunds offset a large part of the tariff costs in the quarter Gross
Slide 25: Cash Flow Summary
CASH FLOW SUMMARY Q2 Q2 Q2 H1 H1 SEK m 2026 2025 2026 2025 Operating cash flow Operating profit 513 743 945 1,208 • Working capital impacted by inventory reductions Reversal of depreciation and other at a lower pace than prior year non-cash items 408 232 690 488 Changes in working capital 243 792 -3
Slide 26: Free Cash Flow, SEK M
FREE CASH FLOW, SEK M 1.746 1.566 1.395 1.302 1.109 1.054 1.032 744 806 709 713 609 536 527 409 307 323 252 63 89 21 -96 -110 -92 -213 -192 -406 -663 -654 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2020 2021 2022 2023 2024 2025 2026 Page 26 | Dometic
Slide 27: Working Capital Days
WORKING CAPITAL DAYS WORKING CAPITAL SEKm % • Working capital last 12 months 25% (27%) of net sales 14,000 35 − 25% in the quarter 12,000 27% 30 10,000 25% 25 8,000 • Inventory balance SEK 5.1 b (4.8) 6,000 20 4,000 − Number of days 125 (129), gradually decreasing 15 2,000 10 0 • Further potential t
Slide 28: Capex and Research & Development
CAPEX AND RESEARCH & DEVELOPMENT (MSEK, % OF NET SALES) Q2 2026 CAPEX: CAPEX 1.4% of net sales 300 6% (1.6% in same period 2025) 250 5% 200 4% 1.4% 1.6% 150 272 1.4% 3% 1.0% 100 2% 50 99 115 109 96 106 98 97 97 1% 57 75 70 77 81 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2023 2023 2023 2023 20
Slide 29: Net Debt to EBITDA Leverage Ratio
NET DEBT TO EBITDA LEVERAGE RATIO 3.2 3.2 3.3 3.3 3.2 3.3 3.4 3.3 3.1 2.9 3.0 3.0 2.9 3.0 2.9 3.0 2.6 2.7 2.7 1.4 1.5 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2026 2023 2024 2025 2026 Page 29 | Dometic Group
Slide 30: Debt Maturity Profile
DEBT MATURITY PROFILE JUNE 30, 2026 1.5 • Total debt 12.9 SEKb (15.0) 1.0 • Net debt 9.3 SEKb (10.5) • Average maturity 2.7 years. • Undrawn revolving credit facility of EUR 300 m 3.3 3.3 maturing in 2028 0.3 2.3 • Remaining 2.2 SEKb of the 2026 Euro Bond was repaid in April 2026 using cash on hand
Slide 31: Summary Q2 2026
SUMMARY Q2 2026 Business highlights • Solid quarter despite challenging market conditions and increasing raw material prices • Market still impacted by low consumer confidence and high interest rates especially in the US • Organic sales -1%, holding up in a weak market • Favorable channel mix with g
Slide 32: Dometic
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Slide 33: Disclaimer
DISCLAIMER SOME STATEMENTS HEREIN ARE FORWARD-LOOKING AND THE ACTUAL OUTCOME COULD BE MATERIALLY DIFFERENT. IN ADDITION TO THE FACTORS EXPLICITLY COMMENTED UPON, THE ACTUAL OUTCOME COULD BE MATERIALLY AFFECTED BY OTHER FACTORS, (A) CHANGES IN ECONOMIC, MARKET AND COMPETITIVE CONDITIONS, (B) SUCCESS