Impact Coatings AB (publ)

Hi everyone, welcome to this presentation of the second quarter 2026 interim report. Here is the agenda for today's webcast. We will start with highlights and business momentum from Q2 and the big highlight is of course order intake of 39 million SEK. We will also give you a tour of the coating services here in Linköping showing the production. Our CFO Leon Åberg will take us through the financials of the quarter, then summary and outlook and a Q&A session at the end. The main message from the quarter is that we had a strong order intake of 39 million Swedish kronor. We received two system orders in two of our main market segments. We also increased volumes within coating services and continue to add new customers, particularly in the energy segment. Net sales increased to 9.7 million SEK, mainly driven by coating services. Overall, the quarter shows that the strategic decisions we have made in the recent years are gradually converting into customer orders and business. Impact Coatings is active in four main market segments, energy, automotive, electronics, and luxury goods. These markets may look very different, but the applications have several things in common. They require advanced coatings, often on relatively flat components, and they need efficient production at industrial volumes. During the quarter, we had good order intake in three of these four segments. Energy, electronics, and luxury goods. This demonstrates the value of having a technology platform that can serve several different industries. The fourth segment, automotive, remained somewhat quieter during the quarter and activity is still affected by the weak general development of the car industry. But we continue to work mainly with existing customers in automotive, particularly when it comes to decorative components that must be transparent to radar signals. During the quarter, we received two orders for our inline-coater IC500 system. The first order was from HA Wave, a supplier of waveguide antennas used for radars. We shipped this system in mid-July, only three months after receiving the order, and we have now also done the installation and site acceptance tests in Korea. This short delivery time was possible because of our decision to build systems based on sales forecasts and keep key components and subsystems in stock. The second order was from Lindbergh, the Danish premium eyewear company, which is now part of the Kering Eyewear Group. These two orders are good examples of how our platform can serve very different applications while using the same core technology. I talked about the HA Wave order and the Waveguide antenna market in the Q1 webcast. So let's now focus on the Lindbergh order and the luxury goods segment. Lindbergh manufactures premium titanium eyewear. Their frames are known for their design and quality. And personally, I think they look very good. Over the years, Lindbergh has purchased eight coating systems from Impact Coatings. We have several machine customers in the luxury goods segment. For example, company coating parts for watches and at our coating service center here in Linköping, we also provide decorative coatings for products such as medical earrings. Eyewear, components for watches and earrings all have one important requirement in common. The color must be exactly right. Our systems use a continuous process. This allows the customer to measure the result and adjust the process continuously to stay within very tight tolerances. Immediately when a part comes out of the machine, the color is measured and the process is tuned by the operator in real time. That is of course not possible with traditional batch coating systems. Coating services is an important part of our business, particularly in the energy segment. It generates revenue, but it also allows customers to test and qualify our coatings before moving to larger production volumes and before buying their own machines. During the quarter, One of the new strategic customers we discussed in Q1 has placed substantial coating orders and has now passed 5 million SEC. This illustrates how our customer relationships normally develop from initial testing to qualification to growing production volumes and in some cases eventually to system orders. To show you what this looks like in practice, I will now hand over to Peter, our IR Director, for a short tour of our factory downstairs. It's a bit noisy in our production, so you might need to turn up the volume to hear Peter properly.

Today I'd like to invite investors and others to a tour of our coating services facility in Linköping. My name is Peter Högfeldt and I'm the director of investor relations. And we will start the tour here in this corner of our cooking facility where we have the measurement capabilities. Here we can do flatness measurements, color measurements, thickness measurements and electrical contact resistance measurements. If we continue here, we see one of our coating machines. It's an IC500 machine that we call Bianca. And it's actually the machine that we have that has the most capabilities. It is configured for almost everything. So we do coating services for decorative applications, some metalization applications, and a lot of customer samples for a variety of applications. If we continue here in the facility, we come to the first IC2000 machine. And right now we have a colleague here, Hector, that is doing a setup. Hello, Hector. Preparing for coming cooking services. And next we see another IC2000 machine. And this machine we call Olof. We have personal names for all our systems. And on this machine we are running coating services right now for components for PEM electrolysers. And Erik, hello Erik! Here is doing unloading and loading of plates that are coated with various materials. And if we continue, we come to an IC500 plus machine. This was actually our original machine for fuel cell applications. So this machine is configured for ceramic black space for fuel cell place. And then we can see in this corner our colleagues doing visual inspection of plates when they come from washing before they go into the coating step in our production. And of course we do inspection and quality checks also for the coatings. So with that I will conclude this short tour. I hope you enjoyed it.

Thank you, Peter. So we have system orders in electronics and luxury goods and coating services, volume orders in energy. But as you saw, we are not only doing volume production of PEM electrolyzers plates here in Linköping. We also do coatings in our other business segments. Due to high level of automation in our factory in Shanghai, we run most of the customer samples here in Linköping. We have the same machine concept for all our business areas and we use the same machines from customer samples all the way up to fully robotized production lines at the customer sites. This is a competitive advantage for us. Let's leave the factory tour and have a look at our strategy. Our development during the quarter supports both our tactical and our strategic direction. Tactically, we focus on the orders and business opportunities available today across our four main market segments. Strategically, we are building a long-term position in the commercially driven solid oxide market, particularly in stationary power applications such as data centers. And now we are starting to see concrete results from this strategy. During the quarter, we added three new paying customers in solid oxide applications. Winning three customers in a new market is an important achievement. It's naturally more difficult than adding customers in a market where we already have an established position. So let us take a closer look at the new customers we have added during the quarter. In total, we added 11 new paying customers during the second quarter. Three of these were in solid oxide applications. Five were in PEM electrolysis, where we already have an established position. The initial orders from new customers are normally small. Our sales cycles are long because coatings must be tested, qualified and approved before production volumes can increase. These customers therefore make only a limited contribution to revenue today. However, they create a foundation for future coating volumes and potential system orders. The customer development during the quarter gives us confidence that our strategic focus is taking us in the right direction. So going back to PEM, PEM electrolysis for hydrogen production continues to be an important part of our energy business. During the quarter, we added five new electrolysis customers and we continue to see substantial coating services production volumes from existing customers. The international electrolysis market is consolidating. Some companies have left the market while investment is increasingly concentrated among the companies with the strongest position and the best abilities to scale. Today, most of the leading international electrolysis companies are paying customers of impact coatings. And this of course gives us a strong position as the market enters its next investment phase. We also signed a letter of intent with a South Korean company LT Metal at the end of the quarter to collaborate on the commercialization of iridium oxide coatings. This can expand our business both with existing and new customers by adding more value to each coated component and by making the qualification process easier for the end customer. With that, I will hand over to Lena who will take us through the financial results.