Slides
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Suominen SUOMINEN Q2 / 2026 Charles Héaulmé , President & CEO Kimmo Raunio , CFO August 7 , 2026
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Agenda • Q 2 /202 6 in brief • Financial review • Full Potential Program • Outlook 202 6 • Q&A August 7, 2026 2
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Q 2/ 202 6 : Improved sales and comparable EBITDA in the second quarter August 7, 2026 3 Q 2 /202 6 • Net sales increased by 5.8 % to EUR 105.6 million (99.8) • Comparable EBITDA was EUR 4.3 million (3.2) • Cash flow from operations was EUR - 4.5 million ( - 10.1) • Gearing 51.6% after capital raise (85.5%) Key events • A successful share rights issue that raised app. EUR 28 million in gross proceeds. • Full potential program moving from planning to execution. • Start of commercial qualification of the new production line ALI55 in Alicante Spain, in the end of June. • Early signs of improved production performance in line with our program deployment. • Focus on workplace safety and culture: - Paulínia celebrated a historic milestone: 5,000 days without lost - time accidents (LTA) - Nakkila received the highest possible classification from the Vision Zero Forum H1/202 6 (January - June) • Net sales decreased 7.4% from the previous year and amounted to EUR 201.2 million (217.3) • Comparable EBITDA was EUR 6.5 million (7.3) • Cash flow from operations was EUR 0.0 million ( - 10.5)
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FINANCIAL REVIEW
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Q2/2026 N et Sale s growth 5.8% driven by volume • In Q2/202 6 , net sales increased by 5.8% to EUR 10 5.6 million • Sales volume increased • Average sales priced decreased following declining raw material cost and changes in sales mix • Currency impact was EUR 1.3 million negative • Share of new products was 25% in Q2/202 6 Quarterly n et sales development, EUR million Year to date net sales development, EUR million 5 111,6 118,5 117,5 99,8 99,8 95,3 95,6 105,6 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 +5.8 5.8% 265,0 229,5 221,4 232,3 230,1 217,3 195,1 201,2 H2/22 H1/23 H2/23 H1/24 H2/24 H1/25 H2/25 H1/26 - 16.1 - 7.4% August 7, 2026
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Q2/2026 Comparable EBITDA improving driven by volume and cost reduction measures • In Q2/202 6 , comparable EBITDA increased by 35% to EUR 4.3 million • Volume increase and fixed cost reduction measures contributed positively • Average sales price declining more than average raw material cost, i.e. negative sales mix impact and delays in adjusting sales prices due to oil price jump burdening profitability Quarterly comparable EBITDA development, EUR million Year to date comparable EBITDA development, EUR million 6 3,3 4,2 4,1 3,2 3,4 1,9 2,2 4,3 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 +1.1 35.1% 10,1 5,3 10,5 9,5 7,5 7,3 5,3 6,5 H2/22 H1/23 H2/23 H1/24 H2/24 H1/25 H2/25 H1/26 - 0.7 - 10.0% August 7, 2026
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Consolidated statement of profit or loss • Q 2/ 2026 figures include items affecting comparability in total EUR - 2.0 million (costs) • Severance costs EUR - 0.7 million • Cost related to the profitability improvement program EUR - 1.4 million • H1/2026 figures include items affecting comparability in total EUR - 4.6 million (costs) 7 EUR thousand Q2/2026 Q2/2025 H1/2026 H1/2025 Full year 2025 Net sales 105,602 99,827 201,197 217,328 412,433 Cost of goods sold - 98,724 - 92,823 - 190,204 - 201,979 - 386,153 Gross profit / loss 6,878 7,004 10,993 15,349 26,280 Other operating income 968 601 1,943 1,509 2,619 Sales, marketing and administration expenses - 9,044 - 8,492 - 17,880 - 16,694 - 31,503 Research and development expenses - 530 - 700 - 1,168 - 1,658 - 2,811 Other operating expenses - 70 - 14 - 77 - 399 - 489 Operating profit / loss - 1,798 - 1,602 - 6,188 - 1,894 - 5,904 Net financial expenses - 1,166 - 2,888 - 2,157 - 4,761 - 7,467 Profit / loss before income taxes - 2,964 - 4,489 - 8,345 - 6,655 - 13,370 Income taxes 11 492 - 332 486 1,300 Profit / loss for the period - 2,953 - 3,997 - 8,677 - 6,169 - 12,070 Earnings per share, EUR Basic - 0.03 - 0.04 - 0.09 - 0.07 - 0.13 Diluted - 0.03 - 0.04 - 0.09 - 0.07 - 0.13 August 7, 2026
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Q2/2026 cash flow from operations negatively impacted by net working capital build - up and cash items affecting comparability Quarterly cash flow from operations, EUR million Year to date cash flow from operations, EUR million 8 - 2,6 6,5 - 0,4 - 10,1 15,7 7,0 4,5 - 4,5 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 +5.6 4,8 9,7 21,1 - 0,1 3,9 - 10,5 22,7 0,0 H2/22 H1/23 H2/23 H1/24 H2/24 H1/25 H2/25 H1/26 +10.5 August 7, 2026 • Cash flow from operations in Q 2/ 2026 amounted to EUR - 4.5 million (Q 2 /202 5 : - 1 0. 1) • The change in the net working capital in Q 2/202 6 had EUR 5 . 5 million negative impact to the cash flow ( Q2 / 2025: EUR 10 . 3 million negative impact)
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F ULL POTENTIAL PROGRAM
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Profitability Our transformation focuses on resetting profitability, then we will scale the business Suominen Profitability (EBITDA %) Size of the pie: Suominen business scale Time Suominen TODAY 3% Acknowledge Reset Scale Suominen Phase I 10% Suominen Phase II 10%+ Suominen Culture of accountability Profitable Growth Strategic intent Leadership mindset Ambition: • Zero - accident • Quality leader and reliable for customers • Profitable and growing • Investing and innovating • Sustainability leader • Offering return to shareholders 10 August 7, 2026
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Full Potential Program combines operational improvements, targeted investments, and structural profitability measures ▪ Sustained procurement push ▪ Pricing and margin management ▪ Fixed cost savings implementation ▪ Manufacturing continuous improvement deployment ▪ New operating model ▪ Reduce exposure to low - margin volumes ▪ Increase of installed base utilization ▪ Contract renegotiations to optimize fixed cost structure 3 2 ▪ A defined set of low - risk actions on existing assets ▪ Supported by validated demand without the need for customer reallocation ▪ Investments will drive primarily profitability enhancement, and marginal growth 1 Operational performance Targeted investments Structural profitability measures 11 August 7, 2026
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Full Potential Program is our path to 10% EBITDA Q2/2026 Comparable EBITDA margin LTM Underlying business performance (excl. FPP) Operational performance Targeted investments Structural profitability measures Full Potential Program phase 1 target EBITDA margin ~ 3 % ~2% ~3% ~1% ~2% ~10% 3 2 1 Operational performance Targeted investments Structural profitability measures Full Potential Program contribution to EBITDA margin 12 August 7, 2026
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EUR 28 million Capital raise via a Share Rights Issue in June 2026 • A total of 81,504,500 subscriptions for new shares were made in the offering, corresponding to approximately 105.7 per cent of the 77,121,272 new shares that were offered in the offering. This means that the offering was oversubscribed. • A total of 74,851,760 new shares were subscribed for with subscription rights, corresponding to approximately 97.1 per cent of the new shares. In addition, 2,269,512 sew shares were allocated in accordance with the terms and conditions of the offering in the secondary subscription to subscribers who subscribed for new shares with subscription rights. The subscription price in the offering was EUR 0.36 per new share. • Suominen received gross proceeds of approximately EUR 28 million from the offering as planned . Funds were received early July. August 7, 2026 13 Suominen announced that it is planning a rights issue to raise gross proceeds of up to approximately EUR 28 million through an offering based on shareholders’ pre - emptive subscription rights. May 18 The Board of Directors resolved on a fully underwritten rights issue. June 8 The share rights issues subscription period. June 15 - 29 Suominen’s Board of Directors approved the subscriptions made in the Offering. July 2 The new shares of Suominen Corporation registered with the trade register. July 3
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OUTLOOK
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Outlook for 202 6 Suominen expects that its comparable EBITDA (earnings before interest, taxes, depreciation and amortization) in 2026 will improve from 2025. In 2025, Suominen’s comparable EBITDA was EUR 12.6 million. August 7, 2026 15
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Q&A
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Q3/202 6 result publication on November 5 , 202 6 August 7, 2026 17