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Strong growth in comparable operating profit in the third quarter through executing our strategy Hiab’s interim report January-September 2026
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Highlights of Q3/26 − Orders received continued to grow in EMEA, while acquisitions boosted orders received in the Americas − Comparable operating profit increased to EUR 69 (40) million corresponding to 14.2 (11.4) percent of sales − Comparable EBITA margin was 15.5 (11.7) percent − Cash flow* was strong at EUR 98 (69) million − Outlook for 2026 unchanged − Environmental Vehicle Solutions (“EVS”) acquisition completed Q3/26 Interim report *Cash from operations excluding finance items and taxes, comparison period includes discontinued operations 2
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Disclaimer Q3/26 Interim report The following applies to this presentation, the oral presentation of the information in this presentation by Hiab Corporation (the “Company” or “Hiab”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the “Information”). In accessing the Information, you agree to be bound by the following terms and conditions. This presentation does not constitute an offer of or an invitation by or on behalf of Hiab, or any other person, to purchase any securities. The Information includes “forward-looking statements” that are based on present plans, estimates, projections and expectations and are not guarantees of future performance. They are based on certain expectations and assumptions, which, even though they seem to be reasonable at present, may turn out to be incorrect. Shareholders should not rely on these forward-looking statements. Numerous factors may cause the actual results of operations or financial condition of Hiab to differ materially from those expressed or implied in the forward-looking statements. Information in this presentation, including but not limited to forward-looking statements, applies only as of the date of this presentation and is not intended to give any assurances as to future results. 3
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1. Group level developmentCEO Scott Phillips 2. Reporting segments CFO Mikko Puolakka 3. Financials and Outlook CFO Mikko Puolakka 4. Key takeaways CEO Scott Phillips 5. Q&A Scott Phillips & Mikko Puolakka Contents Q3/26 Interim report 4
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Group level development Q3/26 Interim report 1. 5
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We continue to shape the essential industries with pioneering innovations Next-generation ProCare™ agreements Hiab announced the next generation of its ProCare™ lifecycle services portfolio, designed to help fleet owners keep equipment working, control lifecycle costs and get more value from every asset. The renewed ProCare portfolio combines proven maintenance expertise with smart connectivity, data-driven insights and digital services in one integrated lifecycle solution with three different agreement levels. New M8 MOFFETTs to North America Hiab brought two high-capacity truck-mounted forklifts, the MOFFETT M8 65.3P NX2 and M8 65.4P NX2, to the US and Canadian markets, which boost lifting capacity by nearly 20 percent, moving from 2,500 kg to almost 3,000 kg. Featuring patented single-side offloading technology, enhanced safety and connectivity, the new models enable faster deliveries, improved fleet productivity and lower TCO.. HIPERFORM MOFFETT Leach introduced a new smaller tailgate Hiab introduced a smaller 3.0 yd³ tailgate option for the Leach™ 2R-III. The new option delivers high-density packing of up to 600 kg/m³ with a 17-second cycle time. The lighter weight and shorter rear overhang improve weight distribution and payload capacity on a smaller chassis, helping operators work more efficiently while enabling a wider reach for Leach in the market. Q3/26 Interim report 6
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Orders received and order book grew significantly in Q3/26 supported by acquisitions Orders received and order book MEUR Orders received, L TM (RHS) Orders received - 87 MEUR orders from Environmental Vehicle Solutions (EVS) orders and 14 MEUR orders from ING Cranes had a 30 percentage point positive impact in Q3 - Currencies did not have a significant impact on orders received - No orders above EUR 10 million in Q3 - Order book increased due to inclusion of acquired EVS business Q3/26 Interim report *in constant currencies excluding structural changes Order book MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Orders received 441 351 26% 1,280 1,106 16% Orders received, organic* -4% 5% Order book 873 557 57% 7
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Operating environment Orders received grew in EMEA and in APAC, negative organic development in the Americas was a reflection of key account orders in a subdued market Orders received by geographical area, Q3/26 MEUR - Gradual market recovery continued in EMEA - Sequential improvement in refuse collection vehicle orders Q3/26 Interim report - Elevated uncertainty of the global growth outlook and slow customer decision making - Increase in yields, interest rates and fuel prices MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change EMEA 201 195 3% 627 587 7% AMER 214 132 62% 571 435 31% APAC 26 24 8% 82 84 -3% Americas 48 (38) % EMEA 46 (56) %APAC 6 (7) % 8
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Sales grew organically by 5 percent in the quarter Sales MEUR Sales, L TM (RHS) Sales - 103 MEUR sales from EVS and 13 MEUR sales from ING Cranes had a 35 percentage point positive impact in Q3 - Currencies had a negative 1 percentage point impact in Q3 - Share of Services decreased to 28 percent due to smaller service portion in the acquired EVS business Q3/26 Interim report *in constant currencies, excluding structural changes MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Sales 481 346 39% 1,267 1,160 9% Sales, organic* 5% -2% Share of Services, % 28% 34% 29% 30% 9
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Q3/26 Interim report Sales in the Americas almost doubled in Q3 driven by acquisitions Sales by geographical area, Q3/26 MEUR Americas 56 (40) % EMEA 39 (51) %APAC 5 (8) % MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change EMEA 187 178 5% 606 573 6% AMER 268 140 92% 584 508 15% APAC 26 29 -9% 77 79 -2% Eco portfolio sales 161 140 15% 518 437 19% Eco portfolio sales, %* 33% 40% 41% 38% - Americas sales increased organically and was further boosted by acquisitions - Sales in EMEA increased - Sales declined in APAC - Eco portfolio sales increased in climate and in circular solutions, share of sales adjusted for EVS was 43% in Q3 10* Environmental Vehicle Solutions is not included in the Eco portfolio, as life cycle assessments for its solutions are not in place yet
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Significant improvement in comparable operating profit and EBITA Comparable operating profit MEUR - Comparable operating profit increased driven by higher sales and fixed cost savings - EVS boosted Hiab’s comparable EBITA to 15.5 percent - EVS comparable EBITA was at high teens in the quarter - Operative ROCE decreased mainly due to higher operative fixed assets stemming from the EVS acquisition Q3/26 Interim report Operative ROCE defined as (Operating profit / Operative capital employed) MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Comparable EBITA 75 40 85% 189 168 13% Comparable EBITA, % 15.5% 11.7% 14.9% 14.5% Comparable operating profit 69 40 73% 181 166 9% Comparable operating profit, % 14.2% 11.4% 14.3% 14.3% Operative ROCE, L TM 20.2% 29.8% Comparable operating profit, % L TM (RHS) Comparable operating profit, % (RHS) Comparable operating profit 11
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Environmental Vehicle Solutions is a perfect fit to our strategy and supports our profitable growth targets Q3/26 Interim report Focus on protecting business execution & preserving and connecting cultures Integration progressing according to plan Orders received: 87 MEUR Sales: 103 MEUR Comparable EBITA: High teens Financial performance enhancing Hiab’s results ~3-4% average market growth 2026e-2030eMarket with attractive growth prospects >12 MEUR, 2029 run rate on EBIT levelCommercial and procurement synergies 12 Successful first quarter Further upside potential
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Q3/26 Interim report Sales CAGR1 >7% ROCE2 >25% Comparable Operating Profit 16% 1 Over the cycle, L TM 10 year average 2 Defined as (Operating Profit / Operative Capital Employed) 3 Includes inorganic growth 13 2028 financial targets Progress, Q3/26 On track to deliver on our 2028 financial targets Rolling 10-year average3 5% L TM 20.2% L TM 13.7% = development from the previous quarter
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Reporting segments Q3/26 Interim report 2. 14
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Q3/26 Interim report Order growth was driven by acquisitions, sales and comparable operating profit growth were supported by all business areas Equipment, Orders received, Order book & Sales Order book Orders received - Orders received grew in Lifting Equipment and decreased in Delivery Equipment in Q3 - Order book grew due to inclusion of EVS, no change organically - Sales grew in both Lifting and Delivery Equipment in Q3 - Comparable operating profit increased due to organic and inorganic growth in sales as well as fixed cost savings Sales MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Orders received 311 239 30% 904 753 20% Order book 810 500 62% Sales 347 230 51% 894 808 11% Comparable operating profit 44 20 116% 114 106 8% Comparable operating profit, % 12.6% 8.8% 12.8% 13.1% 15 MEUR
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Inorganic and organic growth drove comparable operating profit improvement combined with fixed cost savings Equipment, Comparable operating profit Equipment, Comparable operating profit bridge* Q3/26 Interim report 16 Comparable operating profit, % L TM (RHS) Comparable operating profit, % (RHS) Comparable operating profit MEUR MEUR * Indicative management estimate ** gross profit margin Driven by impact of EVS operations, offset by volume growth
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Q3/26 Interim report Orders received, sales and comparable operating profit growth driven by EVS acquisition and recurring services Services, Orders received, Order book & Sales Order book Orders received - Recurring services continued to grow through executing our strategy - Non-recurring service sales decreased from the comparison periods level - EVS acquisition supported growth of orders received, sales and comparable operating profit Sales MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Orders received 130 112 16% 375 353 6% Order book 63 57 10% Sales 134 116 15% 373 352 6% Comparable operating profit 33 27 20% 92 85 9% Comparable operating profit, % 24.6% 23.5% 24.8% 24.1% 17 MEUR
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Comparable operating profit continued to grow in Services Services, Comparable operating profit MEUR Services, Comparable operating profit bridge* Q3/26 Interim report 18 MEUR Comparable operating profit, % L TM (RHS) Comparable operating profit, % (RHS) Comparable operating profit * Indicative management estimate ** gross profit margin Driven by impact of EVS operations, offset by volume growth
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Financials and outlook Q3/26 Interim report 3. 19
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Income statement Q3/26 Interim report * Indicative management estimate ** Services and Equipment *** Gross profit margin MEUR Income statement Comparable operating profit bridge* MEUR Q3/26 Q3/25 Change Sales 481 346 39% Gross profit 138 100 38% Gross profit, % 28.7% 29.0% Comparable EBITA 75 40 85% Comparable EBITA, % 15.5% 11.7% Comparable operating profit 69 40 73% Operating profit 54 40 36% Operating profit, % 11.2% 11.4% Net financial expenses -8 -1 >100% Profit for period before taxes 45 39 17% Income taxes -16 -10 67% Profit for the period 29 29 0% Basic earnings per share, EUR 0.45 0.45 1% 20 Driven by impact of EVS operations, offset by volume growth
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Cash flow from operations before finance items and taxes, Q3/26 MEUR Q3/26 Interim report Strong cash flow was supported by decrease in inventory and accounts receivables *Cash flow from operations before finance items and taxes 21
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Q3/26 Interim report Corporate bonds and loans from financial institutions Other interest bearing liabilities Lease liabilities Balance sheet remains healthy after the EVS acquisition Net debt and gearing, end of period Maturity profile, 30 September 2026 MEUR MEUR Net debt Gearing, % (RHS) 22
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Hiab estimates: Comparable operating profit margin in 2026 to be above 14.5 (2025: 13.7) percent*. Outlook for 2026 unchanged Q3/26 Interim report *comparable operating profit excludes PPA amortization related to Environmental Vehicle Solutions’ order book 23
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Key takeaways − Q3 was the first quarter in three years with organic sales growth − We are on track to deliver what we committed to in our strategy, despite the mixed market environment − We estimate to reach highest profitability in Hiab’s history in 2026 − Integration of EVS progressing according to the plan, synergies estimated at above 12 MEUR Q3/26 Interim report 24
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Q3/26 Interim report Q&A 5. 25
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Appendix 26 Q3/26 Interim report
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Key financial figures Q3/26 Interim report Continuing operations MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Orders received 441 351 26% 1,280 1,106 16% Order book 873 557 57% Sales 481 346 39% 1,267 1,160 9% Gross profit, % 28.7% 29.0% 29.1% 30.6% Comparable EBITA 75 40 85% 189 168 13% Comparable EBITA, % 15.5% 11.7% 14.9% 14.5% Comparable operating profit 69 40 73% 181 166 9% Comparable operating profit, % 14.2% 11.4% 14.3% 14.3% Operating profit 54 40 36% 144 166 -13% Profit for the period 29 29 0% 94 119 -21% Basic earnings per share 0.45 0.45 1% 1.45 1.84 -21% Operative ROCE, % 20.2% 29.8% 27
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Key targets to measure success by 2028 Sales CAGR1 >7% ROCE2 >25% Comparable Operating Profit 16% Sustainability SBTi 1 Over the cycle 2 Defined as (Operating Profit / Operative Capital Employed) Q3/26 Interim report Gearing <50% Growing Dividend of 30-50% of EPS 28
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BUILT TO PERFORM HIAB • EFFER • ARGOS • ING • LOGLIFT • JONSERED • MUL TILIFT • GALFAB • MOFFETT • PRINCETON • WAL TCO • DEL • ZEPRO • LABRIE • WITTKE • LEACH • HIPERFORM