Nederman (NMAN) investor relations material

Market position and industry trends

• Operates as the largest global player in industrial air filtration, serving a fragmented market with significant consolidation opportunities.

• 99% of the global population lives in areas with poor air quality, driving regulatory and business demand.

• Holds leading positions in Europe and North America, especially in welding fume extraction.

• Technology and market leadership are core to strategy, aiming for top positions in chosen regions and industries.

• Diversifies across industries such as automotive, textiles, woodworking, defense, and energy storage.

Business model and operations

• Captures and filters dirty air at the source, offering integrated solutions with monitoring and reporting capabilities.

• Manufactures on the correct continent to minimize transport costs and complexity.

• Maintains specialist knowledge globally, coordinated through an innovation center in Helsingborg.

• Four divisions focus on extraction & filtration, process technology, duct & filter technology, and monitoring & control.

• Cross-divisional cooperation in R&D and lead generation enhances synergies and innovation.

Financial performance and targets

• Targets 10% turnover growth and 14% EBITDA margin; currently at 12% EBITDA.

• Service and aftermarket are the most profitable and fastest-growing segments, with 14% annual growth over four years.

• Return on capital employed target is 15%, with recent investments expected to improve returns.

• Growth is self-funded, with no rights issues since listing in 2007.

• Positioned to increase profits with modest sales growth due to recent operational investments.