Slides
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October 20, 2026 CONFERENCE CALL Q3 REPORT 2026 Karl Sandlund, CEO Helena Nathhorst , CFO
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Q3 2026: IMPROVED PROFITABILITY DURING Q3 2 Key highlights • Well - executed high season • Sales growth driven by volume and more customers • EBITA margin +14.2% (+14.0%) • Strong financial position • Share buy - back Q3 2026 Q3 2025 Net sales (SEK M) 2,088 1,949 Sales growth (%) 7.1% - 0.8% EBIT (SEK M) 292 258 EPS (SEK) 3.84 3.26 Net debt (SEK M) 70 196
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AFFORDABLE HOME IMPROVEMENT. MADE EASY. 3 Right assortment & availability Low price Attractive position on valuable market, 210 stores across the Nordics Quick & efficient shopping • Easy in - store experience • Efficient e - commerce • Operational excellence • Efficient sourcing & logistics • Curated range for customer needs • Products in stock, ready to load
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20 25 30 35 40 45 50 55 60 65 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Tusental -40 -30 -20 -10 0 10 20 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 0% 2% 4% 6% 8% 10% 12% 14% Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 KEY MACRO INDICATORS 4 Source: Trading Economics, Svensk Mäklarstatistik Inflation rates (%) Consumer confidence (Index) Sweden Norway Finland Denmark 2022 2023 2024 2021 Inflation last month each quarter House transactions (R12, Sweden ) 2025 2022 2023 2024 2021 2025 2022 2023 2024 2021 2025 Average each quarter 2026 2026 2026
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STRONG OPERATIONAL EXECUTION 5 High - performing store operations Consistently high standards in both in - store execution and customer service. NPS in stores 56 in Sep 2026 Reliable logistics Smooth and efficient flow of goods throughout the entire supply chain, from supplier to customer. Reduced out - of - stock situations Strong product availability Consistent availability with increased inventory levels across key ranges to meet customer demand. Increased supplier bonuses
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STRENGTHENING THE CUSTOMER PROPOSITION ACROSS KEY CATEGORIES AND CHANNELS 6 1. Renewed flooring offer Launched a new flooring range and upgraded the in - store flooring department, improving both inspiration and choice for customers. 2. Expanded outdoor living range Introduced premium decking, broadening the assortment within a strategically important category . 3. Enhanced e - commerce proposition Improved the online offering to increase product accessibility and support sales growth. Example of initiatives strengthen customer relevance, improve availability and support conversion across channels.
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BUILDING ON A STRONG FOUNDATION TO DRIVE CUSTOMER - LED, PROFITABLE GROWTH 7 Foundation Strategic priorities Profitable business Strong financial position Operational excellence Value creation Win the customer Strengthen the commercial offering Run a more commerciall store More customers Across more purchase occasions Revenue growth Assortment and sales activation Sustainable profitability Resources focused on highest - potential areas Use AI and tech
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5,0 5,5 6,0 6,5 7,0 R12 Sales SEK billion R12 EBITA - margin Percent 0 1 2 3 4 5 6 STRONGER EARNINGS WITH LIMITED TOP - LINE GROWTH 8 Margin expansion driven by improved gross margin and cost discipline
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HIGHER SALES AND GROSS PROFIT OFFSET INCREASED OPEX 9 Gross Profit Other op. revenues OPEX Depreciation EBITA EBITA bridge Q3 2025 vs Q3 2026 SEK millions +48 - 26 +0 +24 +2 Higher volumes supported gross profit growth OPEX reflects FX and investments in commercial growth EBITA margin improved to 14.2%
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STRONG OPERATING CASHFLOW WHILE INVESTING IN INVENTORY 10 Cash flow from operating activities, R12, SEK millions 830 765 Q3 2025 Q3 2026 304 417 Q3 2025 Q3 2026 Net Working capital SEK millions 18 20 Q3 2025 Q3 2026 Capex SEK millions
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0 100 200 300 400 500 600 700 800 900 1 000 Net debt SEK millions Net debt/EBITDA covenant 0 1 2 3 NET DEBT/ EBITDA AT 0.1X WITH SIGNIFICANT COVENANT HEADROOM 11 A solid reduced net debt position Net debt excl IFRS/EBITDA 0.1x compared to 0.4x LY
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SEK 60M SHARE REPURCHASE PROGRAM 12 The introduction of a share buy - back program aims to adapt Byggmax capital structure and reflects Byggmax’s strong balance sheet. Repurchasing of shares complements the dividend policy. The board continuously evaluate how Byggmax capital structure can be adapted and it is the board’s long - term ambition to use repurchases of its own shares. Byggmax holding of own shares may not exceed five percent of the outstanding shares in accordance with the authorization from the 2026 annual general meeting .
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Q3 2026: SUMMARY AND PRIORITIES 13 Performance Well - executed high season Sales growth driven by volume and more customers Solid profitability and strong financial position Mobilize the next transformation phase Sharpen customer focus and commercial execution Unlock profitable growth from the existing platform Priorities