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Classified by Alfa Laval as: Business Report for Q3 2026 1 Tom Erixon President and CEO 26 October 2026Q3 2026 Classified by Alfa Laval as: Business
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Classified by Alfa Laval as: Business Key figures SEK million Q3 2026 Q3 2025 Tot ∆ Org ∆ Q2 2026 Order intake 23,233 17,068 36% 33% 22,235 Net sales 18,596 17,244 8% 6% 18,117 Adjusted EBITA 3,364 3,180 6% 3,071 Adjusted EBITA-margin 18.1% 18.4% 17.0% Q3 2026 2
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Classified by Alfa Laval as: Business Energy Division Highlights and comments, SEK million Markets and order intake • Strong underlying demand trends. • Organic order growth in most business units. • Continued strong demand in data centers, driving additional capacity investments. • Acquisition of Chinese heat exchanger manufacturer, closed in October. Profitability • Profitability improved both sequentially and compared to last year, due to higher invoicing and positive mix. Q3 2026 Q3 26 Q3 25 Tot ∆ Org ∆ Q2 26 ORDERS 7,697 5,479 40.5% 30.3% 7,776 SALES 6,708 5,026 33.4% 23.9% 6,180 Adj EBITA 1,216 832 995 Adj EBITA (%) 18.1% 16.6% 16.1% 0 200 400 600 800 1 000 1 200 2 000 3 000 4 000 5 000 6 000 7 000 Sales Adj. EBITA 2023 2024 2025 3 2026
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Classified by Alfa Laval as: Business Food & Pharma Division Highlights and comments, SEK million Markets and order intake • The transactional business remained strong. • Another good quarter in Biofuels, with 2 large order wins. • Notable growth in key markets in US, China and India. Profitability • The margin was somewhat lower compared to last year. A positive mix could not fully compensate for lower invoicing and slightly higher costs. Q3 2026 Q3 26 Q3 25 Tot ∆ Org ∆ Q2 26 ORDERS 7,057 6,098 15.7% 19.0% 7,725 SALES 6,255 6,483 -3.5% -0.1% 5,943 Adj EBITA 968 1,043 871 Adj EBITA (%) 15.5% 16.1% 14.7% 0 250 500 750 1 000 1 250 1 500 2 000 3 000 4 000 5 000 6 000 7 000 8 000 Sales Adj. EBITA 20262023 2024 2025 4
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Classified by Alfa Laval as: Business Ocean Division Highlights and comments, SEK million Markets and order intake • All-time high order intake • The business environment in the marine industry remained strong, driven by product tankers, container vessels and LNG carriers. • Very strong order intake in marine cargo pumping. Profitability • The margin level well reflects the current backlog mix and increased cost level related to the high demand environment. Q3 2026 Q3 26 Q3 25 Tot ∆ Org ∆ Q2 26 ORDERS 8,398 5,491 52.9% 53.4% 6,607 SALES 5,481 5,735 -4.4% -4.5% 5,845 Adj EBITA 1,169 1,349 1,455 Adj EBITA (%) 21.3% 23.5% 24.9% 0 300 600 900 1 200 1 500 2 000 3 000 4 000 5 000 6 000 7 000 Sales Adj. EBITA 20262023 2024 2025 5
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Classified by Alfa Laval as: Business Service orders, Q3 Order intake, SEK million 0 5 000 10 000 15 000 20 000 25 000 1 000 2 000 3 000 4 000 5 000 6 000 7 000 Order intake per quarter Rolling twelwe months value Q3 2026 6 Ocean Food & Pharma Energy 23%* 25%* 23%* 20262022 2023 2024 2025 *% of total order intake, Q3
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Classified by Alfa Laval as: Business Top ten markets, LTM* SEK million 7 0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 18 000 France India Mid Europe Brazil South East Asia Adriatic South Korea Nordic United States China *Top ten markets, order intake last twelve months. Q3 2026
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Classified by Alfa Laval as: Business Orders received by region Q3 2026 8 YTD 2026 vs.YTD 2025, % North America Latin America North Europe East Europe India, & MEA South Europe North East Asia South East Asia & Oceania 50% 42% 10% 8% 30% -4% 37% 7% Fixed rates
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Classified by Alfa Laval as: Business Financials Q3 2026 Fredrik Ekström, CFO Q3 2026 9 26 October 2026
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Classified by Alfa Laval as: Business Orders received SEK million 10 Q3 2026 • Order intake of 23,233 MSEK (17,068) • 36.1% growth • 32.9% organic growth • 1.2% structure • 2.0% currency YTD 2026 • Order intake of 63,080 MSEK (51,297) • 23.0% growth • 22.4% organic growth • 4.0% structure • -3.5% currency 0 10 000 20 000 30 000 40 000 50 000 60 000 70 000 80 000 90 000 0 3 000 6 000 9 000 12 000 15 000 18 000 21 000 24 000 27 000 B-orders Order intake LTM L-orders 2022 2023 20252024 2026
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Classified by Alfa Laval as: Business Order book as per 30 September SEK billion 11 Q3 2026 • Order book of 59.5 BSEK • 17.8 BSEK for delivery 2026 • 41.7 BSEK for delivery 2027 or later • Q3 book-to-bill of 1.25 0 10 20 30 40 50 60 20262022 2023 20252024 For delivery during current year For delivery next year or later
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Classified by Alfa Laval as: Business Sales SEK million 12 SEK million 0 10 000 20 000 30 000 40 000 50 000 60 000 70 000 80 000 6 000 8 000 10 000 12 000 14 000 16 000 18 000 20 000 Sales, LTM Sales per quarter 20262022 2023 20252024 Q3 2026 • Sales of 18,596 MSEK (17,244) • 7.8% growth • 5.8% organic growth • 0.9% structure • 1.1% currency YTD 2026 • Sales of 52,632 MSEK (50,528) • 4.2% growth • 4.5% organic growth • 2.8% structure • -3.1% currency
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Classified by Alfa Laval as: Business Key figures SEK million Q3 2026 Q3 2025 YTD 2026 YTD 2025 Sales 18,596 17,244 52,632 50,528 Adjusted gross profit 6,995 6,526 20,099 19,140 Sales & Admin -2,941 -2,657 -8,519 -7,958 R&D -460 -427 -1,380 -1,255 Net other cost/income -215 -277 -820 -802 Amortization of step-up values -194 -169 -544 -405 Operating income 3,170 3,011 8,778 8,692 Financial net -120 -44 -449 -359 Result after financial items 3,050 2,967 8,329 8,333 Taxes -788 -664 -2,111 -2,002 EPS 5.40 5.53 14.91 15.22 13
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Classified by Alfa Laval as: Business Profitability 14 Margin % 10,0 12,0 14,0 16,0 18,0 20,0 1 000 1 500 2 000 2 500 3 000 3 500 20262022 2023 20252024 Adj EBITA margin Adj EBITA per quarter SEK million Q3 2026 • Adj EBITA of 3,364 MSEK (3,180) • Margin of 18.1% (18.4%) • Good margin levels in all 3 Divisions. • Good factory result. • Positive FX impact of 84 MSEK. Q3 2026
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Classified by Alfa Laval as: Business Debt position SEK million Q3 2026 15 Q3 2026 Q3 2025 Debt 17,471 18,593 Debt/EBITDA LTM 1,19 1.33 Cash & cash equivalents and current deposits -7,211 -6,617 Net Debt excl leases 10,260 11,976 Net Debt excl leases/EBITDA LTM 0.70 0.86 Lease liabilities 3,553 3,544 Net Debt incl leases 13,813 15,520 Net Debt incl leases/EBITDA LTM 0.94 1.11 Maturity profile and liquidity buffer • Loans maturing 2026-2031: 17,253 MSEK • Average funding rate on our debt is 2.66% per annum 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000 RCF Cash 2026 2027 2028 2029 2030 2031 Liquidity buffer Debt maturity
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Classified by Alfa Laval as: Business Cash-flow statement SEK million Q3 2026 Q3 2025 YTD 2026 YTD 2025 EBITDA 3,938 3,864 11,335 10,960 Working Capital 114 -1,107 -1,643 -3,200 Taxes paid -679 -551 -2,669 -1,990 Cash flow from operating activities 3,373 2,206 7,023 5,770 Capital expenditures -819 -545 -2,360 -1,855 Free cash flow 2,554 1,661 4,663 3,915 Divestments 14 30 47 36 Acquisitions -34 -8,785 -599 -9,314 Cash flow after investing activities 2,534 -7,094 4,111 -5,363 Financing activities -473 3,979 -4,698 4,530 Cash flow 2,061 -3,115 -587 -833 Q3 2026 16
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Classified by Alfa Laval as: Business Guidance Q4 2026 FY 2027 CAPEX Estimated ~1 BSEK Estimated 4.0 BSEK PPA amortization ~180 MSEK ~730 MSEK Tax rate 24–26% 24–26% Q3 2026 17
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“We expect demand in the fourth quarter to be somewhat lower compared to the third quarter.” Outlook for the fourth quarter: Q3 2026 18
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Classified by Alfa Laval as: Business Financial reporting calendar 2026 Q3 2026 19 Capital Markets Day 18 November 2026 Q&A Interim report Q4 2 February 2027
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Classified by Alfa Laval as: Business Cautionary statement This presentation contains forward-looking statements that are based on the current expectations of the management of Alfa Laval Group. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those implied in the forward-looking statements as a result of, among other factors, changes in economic, market and competitive conditions, changes in the regulatory environment, other government actions and fluctuations in exchange rates. Alfa Laval undertakes no obligation to publicly update or revise these forward-looking statements, other than as required by law or other regulations. Q3 2026 20