Hiab Oyj Class B · OMXHEX:HIAB

Hiab Oyj Class B — Q3 2026 Earnings Presentation

29 slides from Hiab Oyj Class B's earnings presentation, Oct 23, 2026

Slide 1: Strong growth in comparable operating profit in the third quarter
Strong growth in comparable operating proﬁt in the third quarter through executing our strategy Hiab’s interim report January-September 2026
Slide 2: Highlights of Q3/26
Q3/26 Interim report Highlights of Q3/26 − Orders received continued to grow in EMEA, while acquisitions boosted orders received in the Americas − Comparable operating proﬁt increased to EUR 69 (40) million corresponding to 14.2 (11.4) percent of sales − Comparable EBITA margin was 15.5 (11.7) perce
Slide 3: Disclaimer
Q3/26 Interim report Disclaimer The following applies to this presentation, the oral presentation of the information in this presentation by Hiab Corporation (the “Company” or “Hiab”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (coll
Slide 4: Contents
Q3/26 Interim report Contents 1. Group level development CEO Scott Phillips 2. Reporting segments CFO Mikko Puolakka 3. Financials and Outlook CFO Mikko Puolakka 4. Key takeaways CEO Scott Phillips 5. Q&A Scott Phillips & Mikko Puolakka 4
Slide 5: Group level development
Q3/26 Interim report 1. Group level development 5
Slide 6: We continue to shape the essential industries with pioneering innovations
Q3/26 Interim report We continue to shape the essential industries with pioneering innovations HIPERFORM MOFFETT Next-generation ProCare™ agreements New M8 MOFFETTs to North America Leach introduced a new smaller tailgate Hiab announced the next generation of its Hiab brought two high-capacity truck
Slide 7: Orders received and order book grew significantly in Q3/26 supported by acquisitions
Q3/26 Interim report Orders received and order book grew signiﬁcantly in Q3/26 supported by acquisitions Orders received and order book MEUR MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Orders received 441 351 26% 1,280 1,106 16% Orders received, organic* -4% 5% Order book 873 557 57% - 87 MEUR
Slide 8: Orders received grew in EMEA and in APAC, negative organic development in the Americas
Q3/26 Interim report Orders received grew in EMEA and in APAC, negative organic development in the Americas was a reﬂection of key account orders in a subdued market Orders received by geographical area, Q3/26 MEUR MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change APAC 6 (7) % EMEA 201 195 3% 627 587
Slide 9: Sales grew organically by 5 percent in the quarter
Q3/26 Interim report Sales grew organically by 5 percent in the quarter Sales MEUR MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Sales 481 346 39% 1,267 1,160 9% Sales, organic* 5% -2% Share of Services, % 28% 34% 29% 30% - 103 MEUR sales from EVS and 13 MEUR sales from ING Cranes had a 35 percen
Slide 10: Sales in the Americas almost doubled in Q3 driven by acquisitions
Q3/26 Interim report Sales in the Americas almost doubled in Q3 driven by acquisitions Sales by geographical area, Q3/26 MEUR MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change APAC 5 (8) % EMEA 187 178 5% 606 573 6% EMEA 39 (51) % AMER 268 140 92% 584 508 15% APAC 26 29 -9% 77 79 -2% Eco portfolio sa
Slide 11: Significant improvement in comparable operating profit and EBITA
Q3/26 Interim report Signiﬁcant improvement in comparable operating proﬁt and EBITA Comparable operating proﬁt MEUR MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Comparable EBITA 75 40 85% 189 168 13% Comparable EBITA, % 15.5% 11.7% 14.9% 14.5% Comparable operating proﬁt 69 40 73% 181 166 9% Comp
Slide 12: Environmental Vehicle Solutions is a perfect fit to our strategy
Q3/26 Interim report Environmental Vehicle Solutions is a perfect ﬁt to our strategy and supports our proﬁtable growth targets Successful ﬁrst quarter Integration progressing Focus on protecting business execution & according to plan preserving and connecting cultures Orders received: 87 MEUR Financ
Slide 13: On track to deliver on our 2028 financial targets
Q3/26 Interim report On track to deliver on our 2028 ﬁnancial targets Comparable 2028 Sales CAGR1 Operating Proﬁt ROCE2 ﬁnancial targets >7% 16% >25% Rolling 10-year average3 LTM LTM 5% 20.2% Progress, Q3/26 13.7% 1 Over the cycle, LTM 10 year average 13 2 Deﬁned as (Operating Proﬁt / Operative Capi
Slide 14: Reporting segments
Q3/26 Interim report 2. Reporting segments 14
Slide 15: Equipment: orders received, order book and sales
Q3/26 Interim report Order growth was driven by acquisitions, sales and comparable operating proﬁt growth were supported by all business areas Equipment, Orders received, Order book & Sales MEUR MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Orders received 311 239 30% 904 753 20% Order book 810 5
Slide 16: Equipment comparable operating profit and bridge
Q3/26 Interim report Inorganic and organic growth drove comparable operating proﬁt improvement combined with ﬁxed cost savings Equipment, Comparable operating proﬁt Equipment, Comparable operating proﬁt bridge* MEUR MEUR Driven by impact of EVS operations, offset by volume growth Comparable operatin
Slide 17: Services: orders received, order book and sales
Q3/26 Interim report Orders received, sales and comparable operating proﬁt growth driven by EVS acquisition and recurring services Services, Orders received, Order book & Sales MEUR MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Orders received 130 112 16% 375 353 6% Order book 63 57 10% Sales 134
Slide 18: Comparable operating profit continued to grow in Services
Q3/26 Interim report Comparable operating proﬁt continued to grow in Services Services, Comparable operating proﬁt Services, Comparable operating proﬁt bridge* MEUR MEUR Driven by impact of EVS operations, offset by volume growth Comparable operating proﬁt Comparable operating proﬁt, % (RHS) 18 * In
Slide 19: Financials and outlook
Q3/26 Interim report 3. Financials and outlook 19
Slide 20: Income statement
Q3/26 Interim report Income statement Income statement Comparable operating proﬁt bridge* MEUR Q3/26 Q3/25 Change MEUR Sales 481 346 39% Gross proﬁt 138 100 38% Gross proﬁt, % 28.7% 29.0% Comparable EBITA 75 40 85% Comparable EBITA, % 15.5% 11.7% Comparable operating proﬁt 69 40 73% Driven by impact
Slide 21: Strong cash flow was supported by decrease in inventory and accounts receivables
Q3/26 Interim report Strong cash ﬂow was supported by decrease in inventory and accounts receivables Cash ﬂow from operations before ﬁnance items and taxes, Q3/26 MEUR 21 *Cash ﬂow from operations before ﬁnance items and taxes
Slide 22: Balance sheet remains healthy after the EVS acquisition
Q3/26 Interim report Balance sheet remains healthy after the EVS acquisition Net debt and gearing, end of period Maturity proﬁle, 30 September 2026 MEUR MEUR Net debt Other interest bearing liabilities Lease liabilities Gearing, % (RHS) Corporate bonds and loans from ﬁnancial institutions 22
Slide 23: Outlook for 2026 unchanged
Q3/26 Interim report Outlook for 2026 unchanged Hiab estimates: Comparable operating proﬁt margin in 2026 to be above 14.5 (2025: 13.7) percent*. 23 *comparable operating proﬁt excludes PPA amortization related to Environmental Vehicle Solutions’ order book
Slide 24: Key takeaways
Q3/26 Interim report Key takeaways − Q3 was the ﬁrst quarter in three years with organic sales growth − We are on track to deliver what we committed to in our strategy, despite the mixed market environment − We estimate to reach highest proﬁtability in Hiab’s history in 2026 − Integration of EVS pro
Slide 25: Q&A
Q3/26 Interim report 5. Q&A 25
Slide 26: Appendix
Q3/26 Interim report Appendix 26
Slide 27: Key financial figures
Q3/26 Interim report Key ﬁnancial ﬁgures MEUR Q3/26 Q3/25 Change Q1-Q3/26 Q1-Q3/25 Change Orders received 441 351 26% 1,280 1,106 16% Order book 873 557 57% Sales 481 346 39% 1,267 1,160 9% Gross proﬁt, % 28.7% 29.0% 29.1% 30.6% Comparable EBITA 75 40 85% 189 168 13% Comparable EBITA, % 15.5% 11.7%
Slide 28: Key targets to measure success by 2028
Q3/26 Interim report Key targets to measure success by 2028 Comparable Sales CAGR1 Operating Proﬁt ROCE2 Sustainability >7% 16% >25% SBTi Gearing Growing Dividend of <50% 30-50% of EPS 1 Over the cycle 28 2 Deﬁned as (Operating Proﬁt / Operative Capital Employed)
Slide 29: BUILT TO PERFORM
BUILT TO PERFORM HIAB • EFFER • ARGOS • ING • LOGLIFT • JONSERED • MULTILIFT • GALFAB • MOFFETT • PRINCETON • WALTCO • DEL • ZEPRO • LABRIE • WITTKE • LEACH • HIPERFORM

Hiab — Q3 2026 Earnings Presentation on 6ix

Hiab Oyj Class B — Q3 2026 Earnings Presentation

Slide 1: Strong growth in comparable operating profit in the third quarter

Slide 2: Highlights of Q3/26

Slide 3: Disclaimer

Slide 4: Contents

Slide 5: Group level development

Slide 6: We continue to shape the essential industries with pioneering innovations

Slide 7: Orders received and order book grew significantly in Q3/26 supported by acquisitions

Slide 8: Orders received grew in EMEA and in APAC, negative organic development in the Americas

Slide 9: Sales grew organically by 5 percent in the quarter

Slide 10: Sales in the Americas almost doubled in Q3 driven by acquisitions

Slide 11: Significant improvement in comparable operating profit and EBITA

Slide 12: Environmental Vehicle Solutions is a perfect fit to our strategy

Slide 13: On track to deliver on our 2028 financial targets

Slide 14: Reporting segments

Slide 15: Equipment: orders received, order book and sales

Slide 16: Equipment comparable operating profit and bridge

Slide 17: Services: orders received, order book and sales

Slide 18: Comparable operating profit continued to grow in Services

Slide 19: Financials and outlook

Slide 20: Income statement

Slide 21: Strong cash flow was supported by decrease in inventory and accounts receivables

Slide 22: Balance sheet remains healthy after the EVS acquisition

Slide 23: Outlook for 2026 unchanged

Slide 24: Key takeaways

Slide 25: Q&A

Slide 26: Appendix

Slide 27: Key financial figures

Slide 28: Key targets to measure success by 2028

Slide 29: BUILT TO PERFORM