Perstorp Holding AB (Publ.)
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Perstorp Holding AB (Publ.) Interim report 1 April ‒ 30 June 2022

Interim Report 1 April ‒ 30 June 2022 Interim report 1 April ‒ 30 June 2022 A quarter with solid performance in a scheduled maintenance turnaround quarter Perstorp Holding AB (Publ.), corporate reg. no. 556667-4205, Parent company for Perstorp. Perstorp is an international specialty chemicals Group and a global leader in high growth niches. The Group has around 1,500 employees and manufacturing facilities in Europe, North America and Asia. The Perstorp Group is controlled by the European private equity company PAI Partners. Sales amounted to SEK 4,165 m (3,272), a 27% increase consisting...

Interim Report 1 April ‒ 30 June 2022 President’s Comments – Q2 2022 “Q2 was a quarter with solid performance despite a volatile environment and a major planned maintenance turnaround. We continued our transformation towards becoming the sustainable solutions provider and preferred partner to our customers.” The trend seen in the preceding quarters with strong underlying demand combined with tight availability in some business sectors was not seen in the same way during the second quarter 2022. The world economy became more volatile with record high inflation rates in many countries,...

Interim Report 1 April ‒ 30 June 2022 For Animal Nutrition, the high level of raw material prices has made it difficult to grow the business. The launch of Gastrivix™ Avi has been a success and has been very well received in the market, with multiple orders already placed in Europe. Next focus is on regulatory activities outside the EU to stimulate growth of the product in other regions. New record levels for our Pro-Environment solutions Perstorp’s Pro-Environment portfolio continued to grow with new record high volumes in the second quarter. Sales were at all-time high for all three...

Interim Report 1 April ‒ 30 June 2022 Financial overview April ‒ June 2022 Income statement SEK m Full Year Exchange rate effects on net debt Other financial income and expenses EBITDA excluding non-recurring items Net Sales % Sales growth % Organic growth % Acquisition % FX effects Gross earnings % of net sales Operating earnings (EBIT) excl. non-recurring items Non-recurring items Operating earnings (EBIT) % of net sales Net sales during the second quarter amounted to SEK 4,165 m (3,272), an increase of SEK 893 m or 27%. Excluding FX effects and acquisition sales increased with +18% due...

Interim Report 1 April ‒ 30 June 2022 Free Cash Flow analysis1) SEK m Full year Maintenance Capex Free Cash Flow before Strategic Capex Strategic Capex Free Cash Flow EBITDA excl. non-recurring items Change in Working For further details on total cash flow, please see page 13. Excluding currency transaction effects and provisions. Free Cash Flow continued to be solid in the second quarter 2022 and amounted to SEK 275 m (409). The deviation compared to the same quarter 2021 is mainly a result of higher capex spending coming from the increased business activities partly offset by favorable...

Interim Report 1 April ‒ 30 June 2022 Net debt and reported leverage SEK m Free cash flow Cash impact from non-rec. items Full year Financial items Net debt, opening balance Acquisition Net Cash Flow Exchange rate effects and other Change in lease liabilities, IFRS 16 Change in pension liability Net debt, closing balance Of which: Pension liability Lease liability, IFRS 16 Net debt excl. pension and lease liability Available funds Reported leverage1) 1) Reported net debt excluding pension liabilities/reported EBITDA excluding non-recurring items. Net debt and reported leverage The Group’s...

Interim Report 1 April ‒ 30 June 2022 Business overview

Interim Report 1 April ‒ 30 June 2022 Business overview The trend seen in the preceding quarters with strong underlying demand combined with tight availability in some business sectors was not seen in the same way during the second quarter. For Perstorp the second quarter was characterized by a solid performance. A softened underlying demand was offset by a positive FX-effect, pro-active customer outreach and strategic pricing. Logistic constraints and increases of raw material and energy prices continued during the quarter. A major scheduled maintenance turnaround took place at site...

Interim Report 1 April ‒ 30 June 2022 Consolidated income statement Income statement SEK m Full year Result from participations in associated companies Exchange-rate effects on net debt Other financial income and expenses EBITDA excluding non-recurring items Net Sales Cost of goods sold Gross earnings Selling, administration and R&D costs Other operating income and Operating earnings (EBIT) Consolidated Group Other operating income and expenses primarily includes exchange rate effects on operational net receivables and nonrecurring income and costs. 1)

Interim Report 1 April ‒ 30 June 2022 Consolidated income statement Comprehensive income report SEK m Currency translation effect Other comprehensive income net after tax Total comprehensive income Parent company’s shareholder Non-controlling interest Other comprehensive income Items that will not be reclassified to profit or loss Remeasurements of defined benefit plan Items that may be subsequently reclassified to profit or loss

Interim Report 1 April ‒ 30 June 2022 Consolidated balance sheet Balance sheet, consolidated group SEK m Note Tangible fixed assets Intangible fixed assets Participation in associated companies Other non-current assets Inventories Other current assets Cash & cash equivalents, incl. short-term investments Total assets Total equity Pension liability, others Other non-current liabilities Current liabilities Total equity & liabilities Working capital Net debt Net debt excluding pension liabilities Capital employed Number of full-time employees, end of period Contingent liabilities Assets...

Interim Report 1 April ‒ 30 June 2022 Consolidated cash flow statement SEK m Full year Interest paid and other financial items Cash flow from operating activities before change in operating capital Changes in working capital Increase (-) Decrease (+) in net working capital1) Cash flow from operating activities Acquisition of tangible and intangible fixed assets Cash flow from investing activities Change in credit utilization Cash flow from financing activities Change in liquid funds, incl. short-term investments Operating activities Operating earnings Adjustments Depreciation and write-down...