Ahlstrom Oyj (AM1S) Investor presentation summary

Strategic positioning and business transformation

• Global leader in fiber-based specialty materials, aligned with sustainability and innovation trends.

• Portfolio repositioned to focus on Filtration & Life Sciences, Food & Consumer Packaging, and Protective Materials.

• Recent acquisitions (Stevens Point, EBF) and divestments have strengthened core business and improved margins.

• 36 manufacturing facilities across 13 countries, serving over 6,000 customers in 100+ countries.

• Innovation pipeline and R&D drive 33% of sales from new products, with 66% of portfolio safe and sustainable by design.

Financial performance and outlook

• FY25 pro forma net sales reached €3.0bn, with comparable EBITDA of €501m and a 16.7% margin.

• LTM Q1/2026 pro forma adjusted EBITDA is €600m (20.4% margin), reflecting core initiatives and cost savings.

• Q2/2026 net sales expected at €770–785m, with EBITDA margin improvement to 18.2–18.5%.

• Core divisions drive 95% of group EBITDA, with Filtration & Life Sciences, Food & Consumer Packaging, and Protective Materials showing strong growth and margins.

• Free cash flow conversion remains robust at over 76%, supporting liquidity and growth investments.

Operational excellence and cost management

• Margin expansion driven by disciplined pricing, product mix optimization, and procurement savings.

• Ongoing cost improvement programs, including site rightsizing and waste reduction, target €108m in run-rate savings.

• MOVC margin improved to 43.8% through pricing power and operational efficiencies.

• Strategic footprint consolidation and transformation initiatives enhance competitiveness and profitability.

• Leadership team with diverse experience and strong operational discipline, fostering a culture of safety and engagement.