Alleima organizes its first Capital Markets Day

STOCKHOLM, August 23, 2022 /PRNewswire/ — Alleima, formerly Sandvik Materials Technology, which is expected to be listed on Nasdaq Stockholm, is hosting its first Capital Markets Day today at Sandviken, Sweden. At the event, senior management will present trends and characteristics of Alleima’s markets, activities, financial performance and strategic direction.

Alleima advances industries through materials technology. Alleima offers niche and premium products to a wide range of industries and has claimed strong market positions through its leading metallurgy expertise, global reach and fully integrated value chain.

The strategy is based on profitable growth, innovation in materials, operational and commercial excellence and industry-leading sustainability. With its customer offering and material expertise, the company is well positioned to take advantage of the global transition to renewable energy. Alleima has also built a solid financial foundation and has proven its financial resilience in recent years. Going forward, the focus is on growing the business in line with major global trends, such as strong demand for energy and power generation, a strong transition to fossil-free energy and the efficiency, as well as a growing and aging population, driving the development of new health technologies.

Financial goals (as previously announced)

Organic growth

Generate profitable organic revenue growth in line with or above target end market growth over an economic cycle

Earnings

Adjusted EBIT margin[1] average more than 9% over an economic cycle

Capital structure

Net debt[2] to equity less than 0.3x

Dividend policy

Dividend on average 50% of profit for the period (adjusted for metal price effects[3]) over an economic cycle. Dividends reflecting financial position, cash flow and outlook

“Alleima is a global leader in materials technology, a strong customer partner and a driver of sustainability. We are the result of nearly 160 years of collaboration between collective minds. On our inaugural Capital Markets Day, we are thrilled to present the exciting journey we have ahead of us, as a stand-alone company. We plan to further strengthen our market position by offering our premium products, utilizing our fully integrated value chain, leading expertise in the field of metallurgy and our global footprint. We will grow our business by taking advantage of key global trends, the high demand for energy and energy efficiency, the shift to non-fossil and renewable energies and the need for new medical technologies”, says Göran Björkman, President and CEO of Alleima.

Capital Markets Day will be webcast live from 10:30 a.m. CEST on cmd.alleima.comand a recording of the webcast will be posted after the event.

Agenda Alleima Capital Markets Day (approximate times, all in CEST)

10:30 a.m. – Welcome and security

10:40 a.m. – Presentation of Alleima: Göran Björkman, President and CEO

11:20 a.m. – Financial performance and objectives: Olof BengtssonCFO

11:50 a.m. – Q&A

12:00 p.m. – Lunch break

12:45 p.m. – Dividing tube: Michael AnderssonSpeaker Tube

1:15 p.m. – Kanthal Division: Anders Björklund, President Kanthal

1:40 p.m. – Strip Division: Claes Åkerblom, Strip President

2:00 p.m. – Seizing the opportunity of the energy transition: several members of the management team

2:25 p.m. – Q&A

2:45 p.m. – Closing remarks: Göran Björkman, President and CEO

3:00 p.m. – End of webcast

15:00 Guided tour of the steelworks and surface technology facilities (only for on-site participants)

Dial the conference call details:

Sweden: +46 8 505 583 65
UK: +44 3 333 009 035
USA: +1 646 722 49 57

The first day of trading on the Nasdaq Stock Exchange in Stockholm is scheduled for August 31, 2022. For detailed information on the company, including the process for the distribution of Alleima shares to Sandvik shareholders, please see the prospectus which has been published. August 4, 2022on www.alleima.com.

stockholm, August 23, 2022

Sandvik AB

For more information, contact Emilie AlmHead of Investor Relations, Alleima, tel. : +46 (0) 79 060 8717, or Yvonne EdenholmPress and Media Relations Manager, Alleima, telephone +46 (0) 72145 2342, or Louise TjederVP Investor relations, Sandvik, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, Sandvik, phone: +46 (0) 70721 1008

[1] Adjusted EBIT (operating income excluding items affecting comparability and metal price effects) to sales.

[2] Interest-bearing current and non-current debt, including net pension and lease obligation, less cash and cash equivalents.

[3] Metal price effect on operating profit in a given period of changes in alloy prices resulting from the timing difference between the purchase (as included in cost of goods sold) and sale of an alloy (as included in sales) when alloy surcharges are applied.

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