Bulten AB (publ)

Hello and welcome to today's presentation with Bolten. With us presenting today we have the president and CEO Axel Bernsson and CFO Hanna Åkeblad. If you're calling in and would like to ask a question please press star 9 to raise your hand and star 6 mute yourself when you get the word. You can also use the form located to the right. And with that said please go ahead with your presentation.

Thank you and welcome to this quite special quarter for Bultan. Let's move to the first page. All right, so we have a short agenda for you today. We will go through the key items in our Q3 report and then Anna will give you some financial updates and I will give you a few notes on what we look at going forward. If we summarize the Q3 report, we have had a quite big impact on Bulten from a cyber attack at one of our customers, which has had a really negative impact on our sales and consequently also on our profit as a group. That is a big one on the downside. On the upside, we have done quite a lot of work on a new organization, which we have launched. And obviously we haven't finalized it just as people are moving in and out of the group during this period. But the structure is finalized and we are now implementing it. It has been a strange quarter given all the volume losses that we have had with the big customer. But at the same time, we have actually won a lot of new business. And we highlight a few of them in the Q3 report, and I will come back to that in a while. But it's also nice to see that there is volume out there and we are winning new business for the future. We are also accelerating our shift, both in the verticals that we serve and in the products mix of what we sell. So I'm also quite happy with that. Strategically, we're moving forward in a good way, but obviously the result itself is not satisfactory. If we look at this report and talk about this quite large business wins that we have had. So we have won a new business in the automotive sector where we will get the opportunity to consolidate all the suppliers into a new car factory in Europe. And this means an annual volume between 200 and 300 million SEC per year once it is ramped up. We also see quite a lot of opportunities as new car models will be built in this plant to add volumes to this business. So we're quite excited about the opportunity here. And it's also a business with quite a lot of value add to it, meaning that we do a lot of services for this customer as part of this deal, which is then something that we like for the direction going forward of the business. We have one another nice business, which will have an annual sales of around 100 million SEC of nice profitable business. And this is to a new smartphone series to one of our customers. And this is done from micro screw applications. So basically, if you look at whatever cell phone you have that is held together, but really, really tiny little screws that are so small that you can hardly see them. And we are very good at manufacturing those in our Asian facilities. And we're quite proud to win this deal. We have also won a third business here, which is with a really huge global manufacturer of electrical components. And we will then supply as a consolidator of C-parts, three new factories for them. So we're quite happy for that. We're also discussing follow-up deals in other countries. And this is a type of business that we keep expanding and we look at strategically for the future as something important for Bullton. If we look at the type of businesses that we have, so basically we have three different businesses today. We have a contract manufacturing business where a big portion of the products go to automotive OEMs. And then we have a niche manufacturing business like this, the micro screw business I just talked about, and our C-parts distribution business. And when we analyze the future, it's quite clear to us that we will give a better return to our shareholders by investing in niche manufacturing and seed parts distribution. So we will focus more on that for the future and less on contract manufacturing business. And we are then also running a quite large project where we are analyzing how we could consolidate our factory footprint, where we are then running this contract manufacturing business. and that is also progressing well and we will come back to the market with more news on that once the project is concluded. So over to Anna.

Thank you, Axel. And here is an overview of our quarterly sales the last years, including 12 months rolling sales. And the sales volumes for the third quarter was down 22% versus the same quarter last year. And main effects are related to the cyber attack at one of the biggest customers and also to exchange rates. And when we look at as a proportion of rolling 12-month sales, our industry's outside automotive amounts to over 15%. And this is an increase with 5% over the last three years. Our main customer group, OEM Life Vehicles, amounts to 60% of total sales and has decreased over the last three years with 5%. The shift towards other industries is important for us and we aim to accelerate this journey. The third quarter delivered an adjusted EBIT of 16 million SEK, equal to 1.5% EBIT margin. The quarter was heavily affected by the cyber attack at one of our biggest customers. And we have worked with efficiency in our operations throughout this year. And to still show black numbers in this disruptive quarter is a proof that the efficiency measures are having effect. Our adjusted key indicators for rolling 12 months are affected by the customer cyber attack. And we judge this effect that to be more shorter and that we will be back in 2026. Adjusted net depth in relation to adjusted EBITDA is in line with last year at 2.3. And now back to you, Axel.