Slides
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Interim Report Jan-Sep 2026 Martin Hansson, CEO Carolina Nerman, CFO 21 October 2026
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2 Q3 highlights Strong underlying growth, both organic and acquired Strengthened Nordic fasteners position through acquisition of Arvid Nilsson Positive momentum in many of our segments
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3 #EB5D44 #F3F5F6 #556669 #556669 #A6C6C7 #5B3528 #F1EDD6 #738A8D Financial development, Q3 2026 Net sales, SEK m EBITA, SEK m EBITA margin, % Strong financial development in the quarter, driven by both organic and acquired growth 1 045 1 337 1 236 0 200 400 600 800 1000 1200 1400 1600 Q1 Q2 Q3 Q4 2024 2025 2026 88 121 173 0 20 40 60 80 100 120 140 160 180 200 Q1 Q2 Q3 Q4 2024 2025 2026 8% 9% 14% -1% 1% 3% 5% 7% 9% 11% 13% 15% Q1 Q2 Q3 Q4 2024 2025 2026
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4 #EB5D44 #F3F5F6 #556669 #556669 #A6C6C7 #5B3528 #F1EDD6 #738A8D 170 246 317 284 257 262 400 466 8% 9% 10% 8% 8% 7% 10% 10% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 0 50 100 150 200 250 300 350 400 450 500 2019 2020 2021 2022 2023 2024 2025 LTM Q3 2026 EBITA EBITA margin Financial development, LTM Q3 2026 15% CAGR 2019-LTM Q3 ’26 EBITA development shows a strong and positive long-term trend, with acquisitions as an important tool to mitigate market downtur ns and complement to organic growth Net sales SEK 4,575 m (2025: 4,049) EBITA SEK 466 m (2025: 359)
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5 Increased profitability, driven by both M&A and organic growth, and working capital discipline enable us to exceed our financial target in the quarter – key activities include disciplined inventory management and systematic work with payment terms Efficient capital allocation increases EBITA/TWC and we continue to deliver on our financial target Salix Group EBITA / TWC Reported LTM EBITA / LTM avg. TWC % 42% Sep 2026 0% 10% 20% 30% 40% 50% Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 SEKm Dec 2025 Sep 2025 Sep 2026 Inventory 777 779 1,005 Accounts receivables 506 681 931 Accounts payable (403) (397) (548) Trade working capital (TWC) 880 1,064 1,388 Average TWC LTM 1,066 1,071 1,113 EBITA LTM 400 359 466 EBITA LTM / Average TWC LTM 38% 34% 42%
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6 Debt ratio decreasing despite acquisition in Q3 Net Debt/Adjusted EBITDA ND/EBITDA is within our financial target and decreased during the quarter, despite the acquisition of Arvid Nilsson. Current momentum in earnings combined with historical seasonality patterns for cash flow leaves headroom for continued growth through acquisitions. 2,3 2,9 2,8 2026 Q1 2026 Q2 2026 Q3 Financial target 2-3x Acquisition of Laydex and dividend before separation from Volati Deferred considerations amounting to approx. SEK 115 million to be payed during Q4
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7 Financial targets Net sales growth Average annual total net sales growth, including acquisitions, of at least 15 percent over a business cycle. EBITA margin Long-term LTM EBITA margin of at least 12 percent. EBITA/TWC LTM EBITA in relation to average trade net working capital LTM of at least 40 percent. Net Debt/ Adj. EBITDA Normalised net debt in relation to LTM adjusted EBITDA of 2-3 times and not exceeding 3.5 times. 13% 10% 2.8x42% LTM Q3 2025: 17% LTM Q3 2025: 9% LTM Q3 2025: 34% Q3 2025: 2.8x
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8 1 227 1 430 1 538 1 652 8% 7% 10% 11% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 0 200 400 600 800 1 000 1 200 1 400 1 600 1 800 2023 2024 2025 LTM Q3 2026 Net sales, SEK m, LTM EBITA margin, LTM Consumables Trade & Agriculture Q3 2026 Q3 2025 LTM Q3 2026 FY 2025 Net sales, SEK m 448 414 1 652 1 538 Net sales growth, % 8% 17% 8% 8% EBITA, SEK m 62 65 181 154 EBITA margin, % 14% 16% 11% 10% Items affecting comparability -3 11 -2 11 EBITA/TWC, % 42% 34% 42% 36% • Net sales growth of 8 percent, driven by both organic and acquired growth • Continued positive momentum in DIY segment – professionals and industry- related customers still more cautious • Integration of Arvid Nilsson ongoing and according to plan
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9 970 1 090 1 507 1 531 9% 10% 13% 15% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 0 200 400 600 800 1 000 1 200 1 400 1 600 1 800 2023 2024 2025 LTM Q3 2026 Net sales, SEK m, LTM EBITA margin, LTM Home & Fittings Q3 2026 Q3 2025 LTM Q3 2026 FY 2025 Net sales, SEK m 376 370 1 531 1 507 Net sales growth, % 2% 40% 6% 38% EBITA, SEK m 71 57 232 197 EBITA margin, % 19% 15% 15% 13% Items affecting comparability 3 -6 -20 -15 EBITA/TWC, % 51% 35% 51% 42% • EBITA growth of 24 percent in the quarter • Growth driven by strategic pricing, customer and product mix, and favourable currency effects • Structural measures and operational improvements strengthens margins
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10 1 230 1 095 1 097 1 416 8% 7% 8% 9% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 0 200 400 600 800 1 000 1 200 1 400 1 600 2023 2024 2025 LTM Q3 2026 Net sales, SEK m, LTM EBITA margin, LTM Construction & Packaging Solutions Q3 2026 Q3 2025 LTM Q3 2026 FY 2025 Net sales, SEK m 418 255 1 416 1 097 Net sales growth, % 64% 0% 29% 0% EBITA, SEK m 50 21 132 88 EBITA margin, % 12% 8% 9% 8% Items affecting comparability - - -17 - EBITA/TWC, % 53% 50% 53% 50% • Strong sales and EBITA development, mainly driven by Laydex but also organic growth • Some signs of recovery in industry-related segments, particularly in the Swedish market
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11 Acquisition of Arvid Nilsson Net sales ~ SEK 250 m EBITA margin ~ 8% Key highlights • Strengthened position in the Nordic fasteners market • Strong strategic fit and over 100 years experience to build from • Identified opportunities for synergies and margin expansion Financials for Arvid Nilsson relate to FY25.
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12 Growth through acquisitions is an integral part of Salix Group’s strategy Salix Group has a scalable and proven model for growth through M&A – leveraging in-house capabilities, strong market knowledge, and commercial edge Consumables Trade & Agriculture Home & Fittings Construction & Packaging Solutions Beslag Design February 2024 190 SEK m Net sales Timberman December 2024 420 SEK m Net sales Sweja May 2023 96 SEK m Net sales Laydex April 2026 480 SEK m Net sales Trejon December 2023 300 SEK m Net sales Hans Eggestrand April 2025 45 SEK m Net sales Arvid Nilsson August 2026 250 SEK m Net sales
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13 Summary Strong financial development in the quarter, both organically and through acquisitions Strengthened position within the Nordic fasteners market through acquisition of Arvid Nilsson Financial targets reached or on route to be reached after the quarter Positive momentum in DIY and agroforestry segment, with signs of recovery in Swedish industry-related segments Well-positioned for continued profitable growth
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14 Disclaimer This presentation is provided for convenience only. In the event of any discrepancy between this presentation and the published interim report, the interim report shall prevail.