Slides
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Nimbus Group Q3 report2026 22 October 2026 1
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Today’s Presenters Johan Inden CEO Mikael Mårtensson CFO 2
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Third Quarter in summary • Net sales amounted to 265 MSEK (263) • Order book for Commercial Sales amounted to 524 MSEK (297), order from Swedish Defence Materiel Administration (FMV) represent SEK 260 MSEK • Order book for Retail Sales amounted to 81 MSEK (61) • Gross profit amounted to 27 MSEK (8) corresponding to a gross margin of 10.4 % (2.9%) • EBITA amounted to -17 MSEK (-45) corresponding to a EBITA margin of -6.6 % (-17.1 %) • Free cash flow amounted to -37 MSEK (-43) whereof -8 MSEK (-5) is related to investments • Available cash amounted to 229 MSEK (248) 3
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0 200 400 600 800 1000 1200 1400 1600 1800 0 100 200 300 400 500 600 700 2024 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 NET SALES MSEK Net sales Net sales LTM -9% -8% -7% -6% -5% -4% -3% -2% -1% 0% -80 -60 -40 -20 0 20 40 2024 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 EBITA MSEK, margin % EBITA EBITA margin LTM Third Quarter trends -200 -150 -100 -50 0 50 100 150 200 2024 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 FREE CASH FLOW MSEK Free cash flow Free cash flow LTM 4
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Order book and market environment • The global market has stabilized over the past year, although at a low level. There is still a high degree of uncertainty and cautiousness in the market. • Dealers maintained a short -term order horizon. While some dealer inventory replenishment occurred during the period, inventory levels remained historically low . • Nimbus Group Retail Sales remain at stable levels considering the season. • Commercial sales order book 524 MSEK whereof 260 MSEK related to FMV order • Retail Sales order book 81 MSEK 0 100 200 300 400 500 600 2024 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 ORDER BOOK COMMERCIAL SALES, MSEK 0 20 40 60 80 100 120 140 160 180 2024 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 ORDER BOOK RETAIL SALES, MSEK 5
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S P L I T C R O A T I A 2 0 2 5 1.4 billion SEK | 5 brands | 40 countries | 127 dealers | 4 production sites | 300 employees Nimbus Group is on a journey Nimbus Group design, produce, sell and service boats for leisure as well as commercial use. Nimbus Group boats are sold globally through our own as well as independent retail partners. Initiatives to improve performance: 1. Further strengthen the Nimbus brand 2. Turn the trend in North America, Edgewater 3. Improve commercial capacity and performance 4. Expand our business in workboats and defense 5. Improve operational excellence and cost efficiency 6
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• Target: Engage, educate and grow the global dealer network • Gathered over 30 dealers across 16 countries in the Swedish archipelago • Training on the Sport Tender 35, the Nimbus brand journey and key onboard features and equipment • 8 key partners present • 11 different boats available for testing and training • Sales training and target setting for show season including Cannes, Genoa and Southampton Strengthen the Nimbus brand Improve commercial capacity and performance 7
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• Sport Tender 35 launch, start of ordering and start of production • ST 35 is the first boat in the Sport Cruiser 35 family • Strong Nimbus DNA with elegant lines, generous social spaces and excellent performance • Nominated for European Powerboat of the Year 2027 • Sport Weekender 42 Open, launched in Cannes Strengthen the Nimbus brand New product launches: Sport Tender 35 & Sport Weekender 42 Open 8
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Strengthen the Nimbus brand Sport Coupé 35 preview 9 • Reveal of the Sport Coupé 35, the next boat in the Sport Cruiser 35 family • Digital launch and start of ordering open • Physical reveal at Düsseldorf boat show, Boot, in January 2027 Nimbus Sport Coupé 35 – ´Drives like a Sport Cruiser, liveslike a Coupé’
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Partnership with Nautrik AB to deliver USVs • Nimbus Group is producing USVs for the customer Nautrik AB • Build on current competencies and infrastructure within Nimbus Group • Nimbus has delivered prototype volumes which has been tested and validated by Nautrik AB • Future potential to be confirmed MSMB first deliveries planned for Q2 2027 • 60 boats to a total value of 260 MSEK for delivery during 2027 -2029 • Project proceeding to plan Workboats & Governmental sales opportunities - update 10
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Key financial items Q3 • EBITA -17 MSEK (-45) Improved gross margin from price and mix effects while volume was in line with last year • Gross profit 27 MSEK (8) Improved production efficiency, lower costs and improved sales price & mix which reflects the operational improvements taken in the group • Finance net amounted to -6 MSEK (-18); driven by: • Results from holdings using equity method 0 ( -7) • Interest net -3 MSEK (-4) • FX effects (USD) -3 MSEK (-7) 8 2 27 0 18 GP 2025Q3 Sales volume Price & Mix FX GP 2026Q3 0 5 10 15 20 25 30 Gross Profit - Bridge 2025Q3 vs 2026Q3 MSEK 11
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Commercial Sales – development Q3 • Sales 163 MSEK (165) • Higher sales across all regions, except in Europe, compared to last year • Order intake 366 (81), increase in Nordics include order from Swedish Defence Materiel Administration (FMV), 165 • Order book increased in the quarter to 524 MSEK, including orders from FMV, 260 201 21 33 8 264 71 10 74 10 165 78 24 44 16 163 0 50 100 150 200 250 300 North America Nordics Europe Other markets Total Net Sales Q3 (2024, 2025, 2026) MSEK 93 65 84 2 244 -26 23 72 12 81102 188 76 0 366 -100 0 100 200 300 400 North America Nordics Europe Other markets Total Order Intake Q3 (2024, 2025, 2026) MSEK 453 483 470 381 297 357 285 321 524 0 100 200 300 400 500 600 2024 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 Order book MSEK 12
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Retail Sales – development Q3 • Overall normal quarter for the season • Sales 102 MSEK (98) whereof sales of own brands 42 (45) • Higher order intake 156 MSEK (131) compared with last two years • Order book 81 MSEK (61) 43 57 15 114 45 38 16 98 42 45 14 102 0 20 40 60 80 100 120 Own brands Traded & used boats Service & accessories Total Net Sales Q3 (2024, 2025, 2026) MSEK 57 63 15 134 60 55 16 131 87 55 14 156 0 50 100 150 200 Own brands Traded & used boats Service & accessories Total Order Intake Q3 (2024, 2025, 2026) MSEK 55 90 154 28 61 84 146 27 81 0 50 100 150 200 2024 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 Order book MSEK 13
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Cash flow & Net working capital 39% 41% 47% 44% 47% 44% 47% 41% 42% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 100 200 300 400 500 600 700 800 2024 Q3 Q4 2025 Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 MSEK NWC NWC / LTM sales *) Cash flow from operating activities and investing activities 14 Free Cash Flow * Q3 Q3 MSEK 2026 2025 Change CF from operations -3 -31 28 Interest & tax paid -6 -7 0 Inventories 33 29 4 Account receivables 20 78 -57 Account payables -28 -48 19 Other NWC -44 -59 14 Capex -8 -5 -3 Free Cash Flow -37 -43 6
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Financial targets Growth >10% EBITA margin 10% Dividend policy 30% Capital structure - No Financial debt 15
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16 Q&A
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17 FINANCIAL CALENDAR 2027 Q4 2026 4 February Q1 2027 27 April AGM 19 May Thank You