Salix Group AB · OMXSTO:SALIX
Salix Group AB — Investor Day (May 2026)
55 slides from Salix Group AB's investor day presentation, May 29, 2026
Slide 1: Salix Group Capital Markets Day presentation
Salix Group Capital Markets Day presentation 29 May 2026 1
Slide 2: Agenda
Agenda 9:00 Welcome Frida Foreby, IR 9:05 Platform and value creation strategy Martin Hansson, CEO 9:40 Consumables Trade & Agriculture Roger Andersson, Business Area Manager 10:00 Home & Fittings Fredrick Sylva, Business Area Manager 10:20 Construction & Packaging Solutions Marcus Ahlstedt, Busines
Slide 3: Platform and value creation strategy
Platform and value creation strategy Martin Hansson, CEO 3
Slide 4: Vision and business concept for value creation
Platform and value creation strategy Salix Group’s vision and business concept for value creation Vision We build successful businesses through long-term and genuine commitment Business concept Salix Group is a customer-centric B2B trading and distribution group that creates value through acquisitio
Slide 5: Leading and rapidly growing B2B trading and distribution platform
Platform and value creation strategy Salix Group – a leading and rapidly growing B2B trading and distribution platform with an active M&A agenda Leading Nordic B2B trading and distribution company SEK 4,115m Net sales 2025 Offering products for building and industry, primarily hardware, consumables,
Slide 6: Pan-Nordic presence with market-leading positions and entry into Ireland
Platform and value creation strategy Pan-Nordic presence with market-leading positions and recent market entry into Ireland Primary markets Secondary markets Strong pan-Nordic presence with market-leading positions New market across several product categories, and an expanding pipeline of opportunit
Slide 7: Long and successful history as a market consolidator
Platform and value creation strategy Salix Group has a long and successful history as a market consolidator 1892 Foundation of wholesaler Thomée Net sales, SEKm # of acquisitions 1921 Foundation of product developer Habo 13.3% Thomée and Habo become part of the same group, CAGR 2019-2025 2006 formin
Slide 8: Large diversified market with essential product demand
Platform and value creation strategy Salix Group operates in a large diversified market supported by essential product demand and stable renovation activity Total Nordic construction material market1) Large addressable market with continuous Salix Group’s business areas SEK ~591bn demand Construct
Slide 9: Core Nordic market expected to grow steadily
Platform and value creation strategy Salix Groups’ core Nordic market is expected to grow steadily supported by strong underlying trends SEKbn1) Stable renovation market 5.0% CAGR 2025-2030 1.4% CAGR 2020-2025 Aging building stock 375 (18%) 358 341 2022-2024 343 328 305 313 294 294 Stabilising macro
Slide 10: Group of trading businesses divided into three business areas
Platform and value creation strategy Dynamic group of market leading trading businesses with strong industrial logic divided into three business areas ✓ GROUP MANAGEMENT ✓ HR ✓ M&A STRATEGY ✓ STRUCTURE ✓ PROCESSES DIVIDED INTO THREE BUSINESS AREAS CONSTRUCTION & CONSUMABLES TRADE & AGRICULTURE HOME
Slide 11: Long standing customer relationships with low dependency
Platform and value creation strategy Long standing customer relationships with low customer dependency and broad reach through trusted partnerships FORESTRY AND SEGMENT CONSTRUCTION-RELATED BUILDERS’ MERCHANTS AGRICULTURAL OTHER RETAIL INDUSTRY CUSTOMERS CONSUMER (DIY) PROFESSIONAL EXAMPLE CUSTOMERS
Slide 12: Market-leading positions with strong proprietary brands
Platform and value creation strategy Salix Group holds market-leading positions, with strong proprietary brands • >70% of revenue comes from own brands STRONG COLLECTION OF OWN BRANDS >70% • Expanding portfolio and increasing share of highly profitable own brands proprietary brands/products • In-hou
Slide 13: Well-established sourcing and procurement strategy
Platform and value creation strategy Well-established sourcing and procurement strategy Sourcing by geography and 2025 KPIs (excluding Laydex) 2025 KPI’s 68% Sourcing from Europe 32% China Sourcing from Asia Office, Shanghai 431) FTEs Top 10 suppliers account for >30 years in Asia <20% Note: 1) Sour
Slide 14: Efficient logistics backbone with further efficiency gains
Platform and value creation strategy Efficient logistics backbone with further efficiency gains expected Salix logistics footprint ▪ Combination of central and decentralised warehouse and Business unit warehouses logistics solutions, tailored to business scale Salix Business Partner warehouses ▪ Cur
Slide 15: Case study: New consolidated warehouse and logistics hub in Malmö
Platform and value creation strategy Case study: New consolidated warehouse and logistics hub in Malmö Rationale Streamlined inbound and outbound freight Centralised system support ▪ Consolidation of 3 warehouses into one logistics hub through Salix Network Model – ongoing initiative in Malmö ▪ Capt
Slide 16: Core values and high employee satisfaction
Platform and value creation strategy Salix Group’s core values form the foundation of its culture, driving high employee satisfaction scores Salix Academy was established in 2022 Employee satisfaction scores above global benchmark Index results, Brilliant study 2026 79 Engagement 84 Leadership pipel
Slide 17: Experienced and committed management team
Platform and value creation strategy Experienced and committed management team Martin Hansson Carolina Nerman Krister Svantesson Christos Selman Ingrid Andelid Business Area Managers CEO CFO CHRO CEO Salix Business Head of M&A Fredrick Sylva Marcus Ahlstedt Roger Andersson Partner Home & Fittings Co
Slide 18: Salix Group Board of Directors
Platform and value creation strategy Salix Group Board of Directors Patrik Wahlén Andreas Stenbäck Christina Tillman Maria Edsman Mattias Björk Board member since 2021 & Board member since 20191) Board member since 2026 Board member since 2026 Board member since 2025 Chairman since 2025 Co-founder a
Slide 19: Strong Q1 result with EBITA up ~15%
Platform and value creation strategy Salix is experiencing momentum, delivering a strong Q1 result with EBITA up ~15% compared to Q1 2025 SEKm 15% Excluding EBITA growth Q1 2026 vs Q1 2025 Laydex 23.2% EBITA CAGR 2023 - LTM Q1 ’26 37% Adj. EBITA growth Q1 2026 vs Q1 2025 400 411 14.5% EBITA gr
Slide 20: Consumables Trade & Agriculture
Consumables Trade & Agriculture Roger Andersson, Business Area Manager 20
Slide 21: Consumables Trade & Agriculture at a glance
Consumables Trade & Agriculture Consumables Trade & Agriculture at a glance Revenue contribution1) Supplier and problem solver for Swedish hardware and construction traders since 30% SEK 1,538m 1892 Revenue 2025 SEK 154m Leading Scandinavian supplier of screws and fasteners for building materials tr
Slide 22: Case study: Heco acquisition
Consumables Trade & Agriculture Case study: Heco – identifying an acquisition opportunity to combine units and create a Nordic leader Market Strong local fastening Nordic market leader in position brand DIY fastening retail Added deep technical Know-how Commercial expertise fastening competence Expa
Slide 23: Case study: Hans Eggestrand integration and synergies
Consumables Trade & Agriculture Case study: Hans Eggestrand – Seamless add-on integration and synergy realisation Acquisition driven by operational synergies… New New New products customers suppliers … as well as cost synergies ▪ Hans Eggestrand was acquired in 2025 as an add-on to Rental costs Pers
Slide 24: Strong top line growth and improved EBITA margin
Consumables Trade & Agriculture Strong top line growth combined with +3.3 p.p improved EBITA margin resulting in ~27% EBITA CAGR Sales, SEKm EBITA and EBITA margin, SEKm 11.8% 27.7% CAGR 2023- LTM CAGR 2023- LTM Q1 ’26 Q1 ’26 1,538 1,578 10.0% 10.8% 1,430 8.0% 7.1% 1,227 170 154 98 102 2023 2024 202
Slide 25: Consumables Trade & Agriculture strategic focus areas
Consumables Trade & Agriculture Consumables Trade & Agriculture – strategic focus areas Strengthen commercial excellence through training, frameworks, and CRM and BI tools Elevate category leadership in fasteners through organic growth and targeted acquisitions Conduct value-enhancing M&A in t
Slide 26: Home & Fittings
Home & Fittings Fredrick Sylva, Business Area Manager 26
Slide 27: Home & Fittings at a glance
Home & Fittings Home & Fittings at a glance Revenue contribution1) Swedish maker of functional fittings and interior hardware, including handles, 35% SEK 1,507m knobs, door- and window-fittings Revenue 2025 Finnish supplier of fittings, as well as bathroom, sauna, and ventilation products 15% SEK 19
Slide 28: Case study: New bathroom concept in Habo
Home & Fittings Case study: Development of new bathroom concept in Habo POSITIONING SWOT RESEARCH Identified an opportunity in the bathroom Opportunity to leverage Habo’s brand, To learn about market trends, competitor category with no clear market leader with a supplier network, product expertise,
Slide 29: Case study: Beslag Design synergy realisation
Home & Fittings Case study: Beslag Design – Converting synergy potential into performance Synergies and development since acquisition Goal Current status ✓ Goal already achieved ✓ ✓ ✓ Goal expected to be achieved within 2026 ▪ Beslag Design was acquired in 2024 as part of Home & Fittings to compleme
Slide 30: Growth and EBITA margin improvement of +5.5 p.p.
Home & Fittings Impressive growth and EBITA margin improvement of +5.5 p.p. resulting in an EBITA CAGR of ~50% Sales, SEKm EBITA and EBITA margin, SEKm 21.8% 49.2% CAGR 2023- LTM CAGR 2023- LTM Q1 ’26 Q1 ’26 1,507 1,512 13.1% 13.8% 8.8% 9.8% 1,090 970 209 197 107 85 2023 2024 2025 LTM Q1 ‘26 2023 20
Slide 31: Home & Fittings strategic focus areas
Home & Fittings Home & Fittings – strategic focus areas Leverage brand and category leadership through strong Nordic brands and ongoing assortment development, resulting in margin expansion Conduct value-enhancing M&A in the Nordics and beyond Continued focus on integration synergies across bu
Slide 32: Construction & Packaging Solutions
Construction & Packaging Solutions Marcus Ahlstedt, Business Area Manager 32
Slide 33: Construction & Packaging Solutions at a glance
Construction & Packaging Solutions Construction & Packaging Solutions at a glance Revenue contribution1) SEK 1,097 2) m Swedish developer of sustainable building materials and complete climate-shell Revenue 2025 28% solutions for the Nordic housing and construction industry SEK 88m EBITA 2025 Swedis
Slide 34: Case study: Laydex, a new platform in a new market
Construction & Packaging Solutions Case study: Laydex – setting the stage for a new platform in a new geographical market Acquiring a leading platform in a new geographical market… Laydex opening Strong market position and clear path for organic growth up a new market Platform for add-on acquisi
Slide 35: Stable margins despite weaker market sentiment
Construction & Packaging Solutions Stable margins despite a weaker market sentiment, Laydex will contribute starting in Q2 ‘26 Sales, SEKm EBITA and EBITA margin, SEKm Excluding Laydex (5.3%) (4.7%) CAGR 2023- LTM CAGR 2023- LTM Q1 ’26 Q1 ’26 1,230 8.0% 7.5% 8.0% 8.1% 1,095 1,097 1,087 98 88 88 82 2
Slide 36: Construction & Packaging Solutions strategic focus areas
Construction & Packaging Solutions Construction & Packaging Solutions – strategic focus areas Drive innovation leadership and commercial performance through sustainable product systems and energy efficient solutions Increase multi sourcing and cost efficiency through dual sourcing and Salix Chin
Slide 37: M&A strategy
M&A strategy Ingrid Andelid, Head of M&A 37
Slide 38: Long and successful history as a market consolidator
M&A strategy Salix Group has a long and successful history as a market consolidator Net sales, SEKm 14 # of acquisitions 13.3% acquisitions since 2019 CAGR 2019-2025 (incl. Laydex) 2026 acquisition 1) 1) 2 2 1 3 2 2 1 1 2019 2020 2021 2022 2023 2024 2025 2025 illustrative2) Salix Group has operated
Slide 39: Active M&A strategy leveraging the Salix Group platform
M&A strategy Active M&A strategy, leveraging the Salix Group platform PROVEN M&A ENGINE SEK 2.4bn Primary markets 14 200+ leads in acquired revenue Secondary markets acquisition since 2019 evaluation New market since 20191) DRIVEN BY THREE ANGLES HQ Malmö New brand/ Product Geographical product expa
Slide 40: Salix Group way of working with M&A
M&A strategy Salix Group way of working with M&A M&A is an Decentralisation Internal M&A and Clear framework integral part of with central M&A education integration for investments our model quality control playbook PROCESS-RELATED CONSIDERATIONS Strong Clear DD Hands-on pipeline focus deliveries in
Slide 41: Proven way of working with M&A
M&A strategy Proven way of working with M&A ADD-ON ACQUISITIONS PLATFORM ACQUISITIONS Highly fragmented market with more • Similar/adjacent products • Product and/or geographical expansion than 200 leads in early evaluation • Within existing footprint • New brand platforms • Synergies from full inte
Slide 42: Financial position and targets
Financial position and targets Carolina Nerman, CFO 42
Slide 43: Strong margins and resilience despite market softness
Financial position and targets Salix Group demonstrates strong margins and resilience despite recent market softness Reported revenue, SEKm Reported EBITA and EBITA margin, SEKm 11.2% 15.2% CAGR 2019-LTM Q1 ’26 CAGR 2019-LTM Q1 ’26 4,115 4,150 3,598 3,588 9.7% 3,262 3,402 9.2% 7.6% 9.7% 9.9% 7.9% 7.
Slide 44: Illustrative 2025 financials reflecting recent acquisitions
Financial position and targets Illustrative 2025 financials reflecting recent acquisitions Illustrative revenue, SEKm Illustrative EBITA and EBITA margin, SEKm 4,612 4,115 497 465 400 65 10.1% 9.7% Reported 2025 Hans Eggestrand Illustrative 2025 Reported 2025 Hans Eggestrand Illustrative 2025 & Layd
Slide 45: Group EBITA / TWC increased to 39% in March 2026
Financial position and targets Group EBITA / TWC increased to 39% in March 2026 driven by operational excellence initiatives 40% Salix Group EBITA / TWC Reported LTM EBITA / LTM avg. TWC % 39% Mar 2026 30% SEKm Dec 2023 Dec 2024 Dec 2025 Mar 2026 20% Inventory 679 848 777 807 Accounts receivables 43
Slide 46: Limited capex needs and strong cash generation
Financial position and targets Limited capex needs in the normal course of business and fundamentally strong cash generation Operating cash flow and cash generation, SEKm SEKm 2023 2024 2025 LTM Q1 ‘26 EBITDA 344 359 500 511 147% 122% 106% 114% IFRS adjustment (70) (82) (84) (84) EBITDA excl. IFRS 2
Slide 47: Capital structure put in place ahead of listing
Financial position and targets Salix Group capital structure put in place ahead of listing - Targeting Net Debt ratio within financial target Net debt/LTM adjusted EBITDA, SEKm Events post Q1 2026 ND/EBITDA target range • Planned refinancing with new SEK 2,400m credit facilities agreement entered in
Slide 48: Financial targets and dividend policy
Financial position and targets The financial targets for Salix Group showcase a strong belief in the business Net sales growth EBITA margin EBITA / TWC Net debt / EBITDA Average annual total Long-term EBITA LTM EBITA in relation to Normalised net debt net sales growth, including margin of at least t
Slide 49: Closing remarks and Q&A
Closing remarks and Q&A Martin Hansson, CEO 49
Slide 50: Salix Group acts as a strategic enabler
Closing remarks and Q&A Salix Group acts as a strategic enabler driving commercial and operational efficiency ✓ GROUP MANAGEMENT ✓ HR ✓ M&A STRATEGY ✓ STRUCTURE ✓ PROCESSES DIVIDED INTO THREE BUSINESS AREAS CONSUMABLES TRADE & AGRICULTURE HOME & FITTINGS CONSTRUCTION & PACKAGING SOLUTIONS AND 15 ENT
Slide 51: Well-positioned to deliver value creation as a stand-alone entity
I Closing remarks and Q&A Salix Group is well-positioned to deliver significant value creation as a stand-alone entity 1. MARKET LEADING B2B TRADING AND DISTRIBUTION PLATFORM 2. ACTIVE M&A AGENDA DRIVING CONTINUOUS VALUE CREATION 3. IMPROVING UNDERLYING MARKET DEMAND 4. ATTRACTIVE FINANCIAL PROFILE
Slide 52: Expect continued strong growth and margin improvement
Closing remarks and Q&A Salix Group going forward expect continued strong growth combined with further margin improvement 10.0% >15% >12% CAGR 2023 - 2025 average annual total net sales growth 9.7% 10.1% 7.6% 7.4% 4,612 long-term 4,115 EBITA margin 3,558 3,402 2023 2024 2025 2025 illustrative1) Sale
Slide 53: Spin-off timeline 2026
Spin-off timeline 2026 29 April Salix Group Annual General Meeting 27 May Prospectus publication 29 May Salix Group Capital Markets Day 9 June Last day of trading in Volati's ordinary shares with entitlement to receive Salix Group shares 10 June Volati's ordinary share trades ex-dividend of Salix Gr
Slide 54: Q&A
Q&A 54
Slide 55: Important information
Important information This presentation and the information contained herein are being presented by Salix Group AB, reg. no. 559016-1500 (“Salix Group” or the “Company”) for information purposes only. This presentation does not contain any offer to subscribe for, or in any other way acquire shares o