Slides
Page 1
© CTEK AB 2026-10-29 Q3 2026 1
Page 2
Today’s presenters HENRIK FAGRENIUS CEO THOM MATHISEN CFO © CTEK AB 2
Page 3
The CTEK story starts soon 30 years ago in Vikmanshyttan, a small village in Dalarna in Sweden. This is where our founder – Swedish inventor Bengt Wahlqvist – created the first ever battery charger to use electronic pulse technology. © CTEK AB A proud heritage that drives our future 3
Page 4
EVSE Exploring CTEK's two cutting-edge technologies and sub-segments Low Voltage DESTINATION CHARGERS LOAD-BALANCING Installed at public destinations, offices etc. Dynamic load balancing protects building, supports efficiency. PROFESSIONAL Professional products providing safe and reliable battery support solutions. CLIENT BRAND High quality branded customized solutions tailored to meet customer demands. POWER SOLUTIONS Application areas include ambulances, boats & caravans - meet steadily increasing power requirements. CONSUMER Chargers: Battery conditioning, maintenance and monitoring. Boosters: Powerful devices that quickly start vehicles with a dead battery. © CTEK AB CLIENT BRAND Custom-branded EV chargers built for charge point operators and partners. SERVICE & SUPPORT Expert guidance in system design and dedicated support to ensure trouble-free charging operations. 4
Page 5
© CTEK AB GLOBAL REACH WITH ALMOST 30 YEARS IN THE MARKET Go to market strategy Consumer division Professional division Example target customers Enthusiasts Conscious consumers Workshops Vehicle manufacturers Charge Point Operators Parking operators Channel examples Channel examples Target markets Target markets Example target customers 5
Page 6
Over 50 of the world’s biggest and most prestigious vehicle manufacturers – including Lamborghini, Ferrari, BMW and Porsche – have chosen CTEK to supply branded chargers for their own customers. Chosen by the best © CTEK AB 6
Page 7
© CTEK AB Premium products, large and attractive addressable markets “We operate in the premium segment, delivering high-quality, reliable products that our customers trust. Our focus is on durability, performance, and innovation — ensuring true long-term value for every end user.” 7
Page 8
© CTEK AB Q3 2026 8
Page 9
© CTEK AB CTEK Q3 2026 FINANCIAL OVERVIEW NET SALES ADJ. EBITDAGROSS MARGIN ADJ. EBITA OPERATING CASH FLOW NET DEBT / ADJ. EBITDA 217 64.5% 53 38 -5 0.8x 9
Page 10
© CTEK AB KEY TAKEAWAYS Q3 2026 0% 5% 10% 15% 20% 0 50 100 150 200 250 300 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Net sales, SEKm Adj. EBITA margin 0,0x 0,5x 1,0x 1,5x 2,0x 2,5x -50 0 50 100 150 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Cash flow from operations, SEKm Net debt / adj. EBITDA (LTM) Growth with strengthened profitability Net sales 217 SEKm (212), +2% organically. Gross margin 64.5% (59.1%), adj. EBITA margin 17.5% (15.1%). Solid underlying development in the Consumer Division New products and good delivery capacity offset approx. 15 SEKm lower sell-in to Amazon - Amazon’s sell-out increased. Professional Division: Stable Low Voltage and stronger EVSE margins Low Voltage partly recovered; EVSE margins strengthened, supported by Chargestorm Connected 3 introduction. Cash flow reflects planned NWC increase Operating cash flow −5 SEKm (−19). Leverage 0.8x, well below target - room to invest in growth. Strategic review of EVSE to conclude this financial year The review is proceeding and is expected to conclude during this financial year. 10
Page 11
© CTEK AB Q3 Financials 11
Page 12
• Net sales amounted to 161 SEKm (161), corresponding to an organic decrease of 1%. • Positive underlying development driven by new products and good delivery capacity, offset by approx. 15 SEKm sell-in to Amazon, while Amazon’s sell-out of CTEK products increased. • Adjusted EBITDA amounted to 66 SEKm (67), corresponding to a margin of 40.7% (41.4%). SOLID DEVELOPMENT AND STRONG MARGINS Consumer Division 0% 10% 20% 30% 40% 50% 0 50 100 150 200 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Net sales and adjusted EBITDA margin Net sales, SEKm Adj. EBITDA margin Consumer div. Professional div. 74% of net sales 12© CTEK AB
Page 13
• Net sales increased 11% organically to 56 SEKm (51), driven by Low Voltage, which recovered part of the decline seen in the first half of the year. • The EVSE market remained challenging, but with an upward trend during the quarter. • Adjusted EBITDA amounted to 6 SEKm (0), corresponding to a margin of 10.2% (0.0%), supported by improved margins within EVSE. LOW VOLTAGE RECOVERY AND IMPROVED EVSE MARGINS Professional Division -15% -10% -5% 0% 5% 10% 15% 0 20 40 60 80 100 120 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Net sales and adjusted EBITDA margin Net sales, SEKm Adj. EBITDA margin Professional div. Consumer div. 26% of net sales 13© CTEK AB
Page 14
• Operating cash flow amounted to -5 SEKm (-19), reflecting a planned NWC increase ahead of Q4. • Investments amounted to -9 SEKm (-14), mainly capitalized development costs. • Cash flow after investing activities amounted to -14 SEKm (-32). • Cash and cash equivalents at period end amounted to 170 SEKm (78). • Interest-bearing net debt amounted to 129 SEKm (296), or 0.8x (2.0x) adjusted EBITDA (LTM). • Financing secured through September 2029 via the extended revolving credit facility. Cash flow and CAPEX 67 116 83 69 58 26 7% 12% 9% 8% 7% 4% 2021 2022 2023 2024 2025 2026 YTD CAPEX, SEKm % of net sales CAPEX 2021 – 2026 YTD, SEKm 14© CTEK AB
Page 15
Summary 15© CTEK AB
Page 16
Q3 summary KEY TAKEAWAYS © CTEK AB • Growth with strengthened profitability Net sales 217 SEKm (212), +2% organically. Gross margin 64.5% (59.1%), adj. EBITA margin 17.5% (15.1%). • Solid underlying development in Consumer div. New products and good delivery capacity offset approx. 15 SEKm lower sell-in to Amazon – Amazon’s sell-out increased. • Professional Div.: Stable Low Voltage and stronger EVSE margins Low Voltage partly recovered; EVSE margins strengthened, supported by Chargestorm Connected 3. • Cash flow reflects planned NWC increase Operating cash flow −5 SEKm (−19). Leverage 0.8x, well below target – room to invest in growth. • EVSE review to conclude this financial year The review is proceeding according to plan. 16
Page 17
© CTEK AB 17