Trelleborg AB (publ)

So, welcome all of you to this Q2 presentation of Trelleborg in 2026. I'm Peter Nilsson speaking, CEO of Trelleborg, and joined here on the call is Fredrik Nilsson, our Group CFO. And also supporting us on the call is Christopher Sjögren, our Head of Investor Relations. As usual, when we present our quarterly results, we're going to use a slide deck which has been on our webpage for some time, or for a few hours. So that is what was I going to refer to throughout the call and using that turning them to page number two Agenda Agenda page number two, please So page number two agenda we're talking about the highlights and And then commenting on the business areas. Then commenting on the financials. Fredrik gonna guide us through that financial part of the slide deck. And then finishing off with the summary and some comments on the outlook for the running quarter. And then finishing off with the Q&A as usual. So then turning to page number three. Heading for our report this time. Strong growth and record high margin. Coming sales in the quarter. ending up a little bit north of 9 billion Swedish, which is an increase of 7% compared to a year ago, which is also to be noted the highest sales we have had to date for a single quarter in Trelleborg. Organic sales in the quarter ending up at a high, 8%. M&A adding another 1% and then currency bringing us down with 2 percentage points. So that is the kind of the sales development. And if you look at the results EBITDA ending up at 1761 million Swedish kronors, which is corresponding to a margin of 19.2 and both of these both EBITDA and the margin is also the highest to date for a single quarter for Trelleborg. We have some still some negative currency relation effects on the EBITDA, which is bringing that down by 24 going down, but nevertheless negative earnings per share increasing more than the EBITDA. BENEFITING FROM IMPROVED FINANCIAL NET AND ACTUALLY INCREASING IN THE QUARTER BY 18% OF COURSE ALSO SUPPORTED BY THE SHARE BUYBACKS WHICH I WILL COMMENT ON ALSO A LITTLE BIT LATER ITEMS AFFECTING COMPARABILITY a link to restructuring, a link to integration of M&A of some 67 million Swedish kronor. Cash flow, solid cash flow, good cash flow, a bit north of 1.2, which is up by some 20% compared to a year ago. Good management of working capital in a growing environment. And I mean, on a rolling 12 basis, we keep the operating cash flow CASH CONVERSION ABOVE 90% SHARE BUY BACKS CONTINUE AT THE SAME PACE AS BEEN COMMITTED BEFORE LITTLE BIT SOUTH OF 500 MILLION IN THE QUARTER AND ALSO IN THE QUARTER WE ANNOUNCED AN ACQUISITION OF A COMPANY CALLED GOMET AN ITALIAN BASE COMPANY FOCUSING ON THE AFTERMARKET OF NICHE AUTOMOTIVE CEILING PRODUCTS CALLED BOOTS WHICH IS OVERALL Our position within Boots is strong globally, and this is kind of adding capabilities and adding a product range, more focus on the aftermarket. It's a very good supplementary acquisition to us, which we're going to benefit from in this niche application and this kind of what we call a business unit within Trellable. Turning to page four. commenting with more in detail on the sales development in the quarter. We have, let's say, fairly solid organic growth in all main geographical markets. Europe growing by 6%, which is substantially higher than a year ago. Americas and Asia, both of them close to or even slightly higher than 10%. Good development in US and Asia. We note the satisfaction as well we have behind this. 10% growth. We have good growth figures both in India and in all main markets in Asia, India, China, Japan, and Korea. Overall, summering up on 8% organic, so good organic sales development in the quarter, which is fairly equally spread globally as well.

Page five.

On the agenda slide, commenting on the business areas, quickly turning to page six. and commenting on industrial solutions, solid organic growth, organic sales up by 4% and M&A adding another 1% and behind this is still a little bit lower project deliveries in the quarter which we have announced before and we keep to that guidance that it was a little bit lower in the quarter and we do expect that to pick up more here in the second part of this year. We also noted satisfaction that construction industry sales is actually showing some improvements. It's been a fairly bad market for quite some time and although running substantially below the peak a few years ago, we noted satisfaction that we see the first signs of an improvement. Also, good performance within aerospace within industrial. We have an aerospace exposure with our own industrial solutions, although the biggest aerospace exposure within ceiling solutions, but we also notice satisfaction that, I get back to that later, it's developing very nice in ceiling solutions and developing also nice within industrial solutions. Overall this kind of boils down to an improvement, a slight improvement must say in EBITDA and margin owing to higher sales volume and operating efficiency and behind this figure is actually slightly better as we see it because also with this mix that we have mixed development within the quarter we have had a slightly negative mix on the sales development here so we are let's say, happy with the development of industrial solutions in the quarter. Also here, of course, this acquisition of government is kicking in when that being fully integrated, this government acquisition, which I already commented on. Turning to page seven, on Trelleborg Medical Solutions, stable organic growth, we are growing by 2%. Some mixed, let's say sales development with a good development in Europe and North America, WHILE ASIA WAS TEMPORARILY SOMEWHAT LOWER LIFE SCIENCE SEGMENT A SMALLER PART SMALLER PART OF MEDICAL SOLUTIONS BUT THE FOCUSED AREA FOR US CONTINUE TO DEVELOP NICELY AND DEVELOPING IN A VERY ROBUST WAY SLIGHT IMPROVEMENT BASICALLY ON PAR WITH LAST YEAR FOR EBITDA BENEFITING FROM THIS SLIGHTLY HIGHER SALES BUT WELL MANAGED AND GOOD DEVELOPMENT OVERALL And we have a slight downturn and that is mainly a mixed effect, but no big things here. Stable performance and solid performance for medical solutions. Turning to page eight and commenting on Trelleborg ceiling solutions. Yeah, we say very strong sales growth and also let's say with a nice uptick also in the EBITDA. Good development in most segments within ceiling Solutions, good development in industrials generally with especially good performance in Europe and Asia. Automotive actually growing very nicely for us in the quarter. We are benefiting from our global Global presence, global balance within this segment, and of course also, as most of you are aware, good development within truck and buses, and also recovery in the aftermarket sales where we've been suffering a little bit the last few quarters, but that's a bounce back in this quarter. So good development overall for us within automotive, aerospace, developing very good growth on a global scheme, which is also creating good benefits for us in the quarter. So overall, very good development in Sealy Solutions, which is then, let's say, delivering very good results. Very good development in EBITDA and good margin development, good performance overall, also creating a solid foundation for at least for the rest of the year. Turning to page nine, a few comments on the sustainability before entering into the financials. Continue to bring down our CO2 emissions within the group, down by 19% year-on-year, solid development. Of course, as it gets lower, it gets more challenging to deliver it further, but nevertheless, it is a high priority also going forward, and we're going to continue to improve, but although maybe not with this kind we have seen. in this quarter. Same, page 10, same applies here. We have also another KPI on the next page, page 10. Is then also a share of electricity, which is also a good development here, where we see that we are more or less now up to 100% of all electricity used is coming from renewable or fossil-free electricity. But as we go close to 100, then of course we cannot go above 100, so you should not expect too big improvements here. We're going to make sure that we keep it on this level and continue to deliver good results also in these aspects. Turning to page 11 and the agenda slide and the financials, turning over to Fredrik, who is then starting on page 12.