Slides
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Slide 1 David Pagels, CEO Joakim Wahlquist, CFO Fourth quarter 2025
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Slide 2 Cavotec – a leading global engineering company Founded in Sweden 50 years ago We empower customers by delivering innovative engineered solutions that enhance safety, reliability, and performance Enables decarbonisation of ports, mines and other industrial applications Successful relocation of our HQs from Switzerland back to Sweden in 2025 Present across the globe with 719 employees
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Slide 3 An attractive offering in electrification and automation Automated mooring, shore power, crane electrification, and connection and charging systems Ports & Maritime Motorised cable and hose reels, radio remote controls, power connectors, spring driven cables and hose reels Industry 60%* 40%* Ports & Maritime Industry Services Large installed base that drives service opportunities Systems integration, commissioning and training, maintenance, spare parts, inspections, refurbishment, 24/7 service agreements * Approx. long-term share
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Slide 4 Strong business drivers We have leading technology and positions in prioritised market segments Megatrends Our customers are facing increasing regulations from authorities to reduce emissions and noise Markets driven by the electrification of society, need to reduce noise, and increased productivity from automation Leading technology and market positionRegulations Long-term customer relations Long lasting win -win-win customer relationships Large installed base Large installed base provides an untapped potential for our services offering
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Slide 5 Well positioned in large industries with stable underlying growth Ports ~30% Maritime ~30% Mining ~20% Construction ~10% General Industry ~10% Share of revenue Good annual CAPEX growth in the industries we are active in, although there currently is geopolitical uncertainty which likely delay some investments Plus further growth for Cavotec’s markets from CAPEX trends – main ones being: Automation and connected tech Electrification • Shore power adoption • Port crane electrification • Electrification of mining equipment • Automation of mining, construction, and general industry equipment • Automation of mooring & berthing
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Slide 6 Cavotec’s strategic areas Grow in Industry with a more proactive approach and innovations co- developed with our customers - Strengthen strategic partnerships - Focused product growth strategies Keep and achieve leading position in Ports & Maritime for our core products - Innovate existing products and develop new products to complete our portfolio - Focused product growth strategies Realise full Services potential from installed base - Large installed base of Cavotec assets in the field that we service Platform for acquisitions - To enhance our market position, operational capabilities, and innovation
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Slide 7 Ports & Maritime – recent key events - Orders for shore power systems with a total value of EUR 9.4 million signed with leading global container shipping company - Signed orders 2025 totalling EUR 17.5 million - Order signed to deliver the first shore power systems to the Maldives - Order signed for MoorMaster systems to Denmark worth about EUR 2 million Port of Maldives Shore power systems MoorMaster systems
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Slide 8 Industry – recent key events - Order signed for cable and hose reels to one of Morocco’s largest companies that processes and produces phosphate and sulphur - First major orders signed with Australian Civmec for the supply of a motorised cable reels and hose reels Motorised cable reel Cable and hose reel
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Slide 9 Industry had a positive impact on EBIT and profitability in the quarter Q4 2025 – Good revenue growth Adjusted EBIT EUR 3.9 m (3.8) 0.9% Revenue EUR 49.5 m 9.1% Order backlog EUR 124 m -1.7%
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Slide 10 Order intake lower, order backlog on similar level as last year - Order intake -22.1%, EUR 47.9 m (61.5) - Cautious approach among Ports & Maritime’s customers - Positive order intake in Industry - Order backlog -1.7%, EUR 124.2 m (126.4) - Order backlog -1.3% from Q325 0 10 20 30 40 50 60 70 Order intakeEUR m 100 105 110 115 120 125 130 Order backlogEUR m
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Slide 11 Good revenue growth - Revenue 9.1%, EUR 49.5 m (45.4) - Strong development in Industry - Currency effects -2.0% - 10 20 30 40 50 60 RevenueEUR m 55% 35% 9% Revenue geographical split 2025 EMEA Asia Pacific Americas
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Slide 12 Adjusted EBIT, EUR million Adjusted EBIT margin, % -2% 0% 2% 4% 6% 8% 10% -1 0 1 2 3 4 5 Adjusted EBIT and EBIT marginEUR m EBIT improved in the quarter - Adjusted EBIT increased 0.9% to EUR 3.9 m (3.8) - Adjusted EBIT margin 7.8% - Adjustment of EUR 0.24 m in Q425 related to the relocation of HQ
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Slide 13 Result for the period increased Net result, EUR million EPS, EUR -0.020 -0.015 -0.010 -0.005 0.000 0.005 0.010 0.015 0.020 0.025 -2 -1 0 1 2 3 Net result and EPS EUR m- Net result EUR 1.7 m (1.6) - Ports & Maritime contributed negatively Industry had a positive impact - Earnings per share, basic and diluted, increased 6.7% to EUR 0.016 (0.015)
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Slide 14 Strong operating cash flow - Operating cash flow grew 161% to EUR 6.0 m (2.3) - Improved financial position - Net debt decreased to EUR -8.8 m (-15.3) and decreased from -13.3 in Q325 - Leverage ratio 0.96x compared to 0.91x Q425 and 1.44x Q325 -2 -1 0 1 2 3 4 5 6 7 Operating cash flowEUR m Operating cash flow, EUR million
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Slide 15 Ports & Maritime - Order intake -33%, EUR 29.3 m (43.6) - Order backlog 1.5%, EUR 103.9 m (102.3) - Revenue -4.6%, EUR 28.5 m (29.9) - Currency impact of -2.1% - EBITDA EUR 2.3 m (4.6) - EBITDA margin 8.2% (15.4%) EBITDA, EUR million EBITDA margin, % -5% 0% 5% 10% 15% 20% -1 0 1 2 3 4 5 6 7 EBITDA and EBITDA marginEUR m 0 5 10 15 20 25 30 35 40 RevenueEUR m
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Slide 16 EBITDA, EUR million EBITDA margin, % Industry – strong EBITDA improvement - Order intake 4.6%, EUR 18.6 m (17.8) - Order backlog -15.7%, EUR 20.3 m (24.1) - Revenue increased 35.5%, EUR 21.1 m (15.5) - Currency impact -1.9% - EBITDA increased strongly to EUR 2.8 m (0.6) - EBITDA margin 13.2% (4.0%) 0 2 4 6 8 10 12 14 16 18 20 RevenueEUR m -4% -2% 0% 2% 4% 6% 8% 10% 12% 14% -1.0 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 EBITDA and EBITDA marginEUR m
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Slide 17 Underlying markets remain strong Fourth quarter showed good sales growth and strengthened financial position Customers remain cautious in Ports & Maritime Full year 2025 report negative result and cost-saving measures to build a stronger Cavotec Positioned to create value when customers’ willingness to invest returns Shore power system Crane electrification and motorized reels MoorMaster automated mooring Our underlying market remains strong, we are well aligned with megatrends like electrification, automation and regulations
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Slide 18 Q&A First quarter report 24 April