===== SIDA 1 ===== Third quarter 2024 Increased result for the Service Business and a strong cash flow Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Net turnover 8,984 8,708 28,923 28,406 39,031 38,514 Operational earnings 1) 281 335 1,024 1,209 1,438 1,623 Operational margin, % 3.1 3.8 3.5 4.3 3.7 4.2 Operating profit 216 288 846 1,062 1,200 1,416 Operating margin, % 2.4 3.3 2.9 3.7 3.1 3.7 Profit before tax 133 216 596 866 889 1,159 Net profit for the period 105 169 467 682 717 931 Earnings per share, SEK 2) 1.15 1.83 5.08 7.41 7.80 10.12 1) For reconciliation of operational earnings with operating profit, see Note 3. 2) The number of shares used in the calculation is shown in the Consolidated Statement of Income and Other Comprehensive Income. Third quarter 2024 • Net turnover amounted to SEK 8,984 M (8,708), an increase of 3 per cent. • Operational earnings amounted to SEK 281 M (335). • The lower operational earnings for the quarter were attributable to sales of new cars that reported a lower result of SEK 75 M compared to previous year while the Service Business reported a higher result of SEK 16 M. • Operating profit amounted to SEK 216 M (288). • Net profit for the period amounted to SEK 105 M (169). Earnings per share amounted to SEK 1.15 (1.83). • Operating cash flow amounted to SEK 480 M (269). Nine months 2024 • Net turnover amounted to SEK 28,923 M (28,406), an increase of 2 per cent. • Operational earnings amounted to SEK 1,024 M (1,209). • The lower operational earnings for the first nine months were attributable to sales of new cars that reported a lower result of SEK 177 M compared to previous year. • Operating profit amounted to SEK 846 M (1,062). • Net profit for the period amounted to SEK 467 M (682). Earnings per share amounted to SEK 5.08 ( 7. 41) . • Operating cash flow amounted to SEK 1,303 M (480). BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 1 (31) ===== SIDA 2 ===== THE MANAGING DIRECTOR’S COMMENTS Stronger results in the Service Business, and continued focus on profitability Third quarter Operational earnings for the quarter amounted to SEK 281 M, with a margin of 3.1 per cent. Results for the Service Business were stable at SEK 221 M, which was SEK 16 M higher than the previous year. The Car Business reported a result of SEK 73 M, with a profit of SEK 96 M for used cars and a loss of SEK 23 million for new cars. Order intake was at a higher level than the previous year. Operating cash flow remained strong at SEK 480 M for the quarter. An automotive industry in constant flux Recent years have been characterised by change, with digitalisation and electrification driving new business models. Our general agents are now combining classic business models with new ones to meet customer de- mands for a secure, convenient experience when buying a new car. Regardless of the business model, we feel that the demand for quality service and advice is crucial to achieving good customer satisfaction. Electrification of the car fleet is ongoing. In Norway, the share of registered electric cars remained high, reaching 88 per cent for the first nine months of the year. In Sweden, conversely, the share of registered electric cars decreased on the previous year and was 34 per cent. Instead, demand for hybrid cars and fossil fuel cars has increased. In Western Europe, the share of registered electric cars was 26 per cent. Thanks to our diversified portfolio of car brands, we can offer our cus- tomers vehicles based on their wants and needs. Focus on profitability Our focus is on increasing profitability in our existing business areas. Our goal is to continuously optimise our processes, and ensure high customer satisfaction and increased shareholder value. Our Business Excellence team assists Bilia’s Service Business with improvement measures to work more efficiently and thereby increase profitability. We are continuously expanding our operations, both organically and through acquisitions. With a continued focus on our customers and their needs, we aim to con- tinue growing our Service Business. Therefore, during the quarter we entered into an agreement to acquire Lunds Bil i Varberg AB, a small full-service business for BMW. We look forward to further developing the company and strengthening our position in this area. Since the end of the quarter, we have also completed the acquisition of Carlo Schmitz S.à r.l in Luxembourg, which is also a full-service business for BMW. Moving forward, we will have two facilities in Luxembourg and we see good op- portunities to develop them. Improved prospects for our customers Results for the Service Business remain stable and rep- resented 74 per cent of Bilia’s operational earnings in the third quarter. Booking times at our service workshops are at strong levels, which means stable demand for servic- ing. Demand for used cars remained strong. The order intake of new cars was higher than in the previous year. Among private individuals, especially in Norway, we are seeing an improvement in activity. With increasing new car promotional activity among our car brands and lower interest rates, we are cautiously optimistic about new car sales in the fourth quarter of 2024. Per Avander Managing Director and CEO “The order intake continued at a higher level compared to the previous year” Q3 20 Q3 21 Q3 22 Q3 23 Q3 24 402 482 334 335 281 Operational earnings third quarter, SEK M BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 2 (31) ===== SIDA 3 ===== Group results Net turnover and earnings Third quarter 2024 Net turnover amounted to SEK 8,984 M (8,708). Ad- justed for acquired and closed operations and exchange rate fluctuations, net turnover increased by 1 per cent, attributable to more used cars delivered and growth in the Service Business. Exchange rate fluctuations did not have a material impact on net turnover compared to the previous year. Operational earnings amounted to SEK 281 M (335), and the operational margin was 3.1 per cent (3.8). Nor- way reported higher operational earnings, attributable to the Car Business. Western Europe and Sweden report- ed lower results, attributable to the Car Business. The Service Business reported a higher result of SEK 221 M, compared to SEK 205 M in the previous year. The Car Business reported a lower result of SEK 73 M, compared to SEK 151 M the previous year. The Fuel Busi- ness reported a result of SEK 3 M. The operation in Sweden reported a result of SEK 206 M (284). The margin was 3.6 per cent (5.0). The op- eration in Norway reported a result of SEK 41 M (23). The margin was 1.8 per cent (1.1). The operation in Western Europe reported a result of SEK 50 M (55). The margin was 5.1 per cent (5.2). In Sweden, the lower result was attributable to sales of new cars in the Car Business. In Norway, the higher result was attributable to sales of used cars in the Car Business. In Western Europe, the slightly lower result was attributable to sales of new cars in the Car Business. Operating profit amounted to SEK 216 M (288). Oper- ating profit included result from interests in joint ventures of SEK -16 M, which for the quarter included start-up costs for operations. Net financial items amounted to SEK –83 M (–71), the change being explained by higher interest expenses. Tax amounted to SEK –28 M (–48), and the effective tax rate was 21 per cent (22). Net profit for the period amounted to SEK 105 M (169). Earnings per share amounted to SEK 1.15 (1.83). Exchange rate fluctuations did not have a material im- pact on net profit for the period compared to the previ- ous year. The number of employees increased by two during the quarter and totalled 5,427 . The operating result for the Parent Company during the quarter amounted to SEK –23 M (–39). The result was positively affected, compared with the previous year, by approximately SEK 10 M due to the revaluation of endow- ment insurance for pensions. Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Net turnover SEK M Net turnover Net turnover SEK M, R/one.tf/two.tf /zero.tf /two.tf,/zero.tf/zero.tf/zero.tf /four.tf,/zero.tf/zero.tf/zero.tf /six.tf,/zero.tf/zero.tf/zero.tf /eight.tf,/zero.tf/zero.tf/zero.tf /one.tf/zero.tf,/zero.tf/zero.tf/zero.tf /one.tf/two.tf,/zero.tf/zero.tf/zero.tf /three.tf/zero.tf,/zero.tf/zero.tf/zero.tf /three.tf/two.tf,/zero.tf/zero.tf/zero.tf /three.tf/four.tf,/zero.tf/zero.tf/zero.tf /three.tf/six.tf,/zero.tf/zero.tf/zero.tf /three.tf/eight.tf,/zero.tf/zero.tf/zero.tf /four.tf/zero.tf,/zero.tf/zero.tf/zero.tf /four.tf/two.tf,/zero.tf/zero.tf/zero.tf /zero.tf /one.tf/zero.tf/zero.tf /two.tf/zero.tf/zero.tf /three.tf/zero.tf/zero.tf /four.tf/zero.tf/zero.tf /five.tf/zero.tf/zero.tf /six.tf/zero.tf/zero.tf Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Operational earnings SEK M Operational earnings and margin Margin %, R/one.tf/two.tf /zero.tf./zero.tf /one.tf./zero.tf /two.tf./zero.tf /three.tf./zero.tf /four.tf./zero.tf /five.tf./zero.tf /six.tf./zero.tf THE GROUP Bilia's financial targets • Total yearly growth higher than 5 per cent during a business cycle. • Operating margin of 5 per cent during a business cycle. • Net debt in relation to EBITDA, excluding IFRS 16, over time max 2.0 times. • Dividend share of at least 50 per cent of earnings per share. BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 3 (31) ===== SIDA 4 ===== Nine months 2024 Net turnover amounted to SEK 28,923 M (28,406). Adjust- ed for acquired and closed operations and for exchange rate fluctuations, net turnover decreased by 1 per cent, mainly due to fewer new cars delivered. Exchange rate fluctuations did not have a material im- pact on net turnover compared to the previous year. Operational earnings amounted to SEK 1,024 M (1,209), and the operational margin was 3.5 per cent (4.3). Norway and Western Europe reported higher oper- ational earnings, while Sweden reported a lower result compared to the previous year. The Service Business reported a higher result of SEK 794 M, compared to SEK 777 M in the previous year. The Car Business reported a lower result of SEK 304 M, com- pared to SEK 508 M the previous year. The lower result was mainly attributable to sales of new cars. The Fuel Business reported a result of SEK 24 M compared to SEK 18 M in the previous year. The operation in Sweden reported a result of SEK 792 M (1,002). The margin was 4.1 per cent (5.5). The operation in Norway reported a result of SEK 160 M (139). The margin was 2.4 per cent (1.9). The operation in Western Europe reported a result of SEK 170 M (162). The margin was 5.4 per cent (5.3). In Sweden, the lower result was attributable to the Car Business. In Norway, the higher result was attributable to sales of used cars in the Car Business. In Western Europe, the higher result was attributable to the Service Business. Operating profit amounted to SEK 846 M (1,062). Operating profit included result from interests in joint ventures of SEK -35 M, which included start-up costs for operations. Net financial items amounted to SEK –250 M (–197), the change being explained by higher interest expenses. Tax amounted to SEK –129 M (–185), and the effective tax rate was 22 per cent (21). Net profit for the period amounted to SEK 467 M (682). Earnings per share amounted to SEK 5.08 (7 .41). Ex- change rate fluctuations did not have a material impact on net profit for the period compared to the previous year. The number of employees increased by 242 during the year and amounted to 5,427 . Adjusted for acquired operations, the number of employees increased by 44. The operating result for the Parent Company in the first nine months amounted to SEK –105 M (–110). THE GROUP Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna. Kundservice T elefon och online. Butik Tillbehör, reservdelar och e-handel. Glascenter Glasbehandling, glasreparation och vindrutebyten. Däckcenter Däckhotell, däckbyte, däck- försäljning och verkstadstjänster. Bilköp Finansiering, försäkring, biliakort, serviceabonnemang, däckhotell, lackbehandling samt tillbehörs- & däckförsäljning. Servicecenter Originalservice, personlig servicetekniker och reparationer Stationer Drivmedel och biltvätt. Bilvård Rekonditionering och AC- rengöring Skadecenter Vägassistans, plåtverkstad, lackverkstad, buckelborttagning och bildemontering. Hyrbilar Uthyrning och Flexlease Car purchase Financing, insurance, the Bilia-card, service subscrip- tions, tyre hotels, paint shops, accessory and tyre and wheel sales. Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna. Kundservice T elefon och online. Butik Tillbehör, reservdelar och e-handel. Glascenter Glasbehandling, glasreparation och vindrutebyten. Däckcenter Däckhotell, däckbyte, däck- försäljning och verkstadstjänster. Bilköp Finansiering, försäkring, biliakort, serviceabonnemang, däckhotell, lackbehandling samt tillbehörs- & däckförsäljning. Servicecenter Originalservice, personlig servicetekniker och reparationer Stationer Drivmedel och biltvätt. Bilvård Rekonditionering och AC- rengöring Skadecenter Vägassistans, plåtverkstad, lackverkstad, buckelborttagning och bildemontering. Hyrbilar Uthyrning och Flexlease Store Accessories, spare parts and e-commerce. Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna. Kundservice T elefon och online. Butik Tillbehör, reservdelar och e-handel. Glascenter Glasbehandling, glasreparation och vindrutebyten. Däckcenter Däckhotell, däckbyte, däck- försäljning och verkstadstjänster. Bilköp Finansiering, försäkring, biliakort, serviceabonnemang, däckhotell, lackbehandling samt tillbehörs- & däckförsäljning. Servicecenter Originalservice, personlig servicetekniker och reparationer Stationer Drivmedel och biltvätt. Bilvård Rekonditionering och AC- rengöring Skadecenter Vägassistans, plåtverkstad, lackverkstad, buckelborttagning och bildemontering. Hyrbilar Uthyrning och Flexlease Stations Fuels and car washes. Tyre centres Tyre hotels, wheel change, tyre and wheel sales and workshop services. Rim repair Renovation of rims. We offer services for everything related to car ownership during the car’s entire life cycle, from the purchase of a new car to recycling parts from a dismantled car. Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna. Kundservice T elefon och online. Butik Tillbehör, reservdelar och e-handel. Glascenter Glasbehandling, glasreparation och vindrutebyten. Däckcenter Däckhotell, däckbyte, däck- försäljning och verkstadstjänster. Bilköp Finansiering, försäkring, biliakort, serviceabonnemang, däckhotell, lackbehandling samt tillbehörs- & däckförsäljning. Servicecenter Originalservice, personlig servicetekniker och reparationer Stationer Drivmedel och biltvätt. Bilvård Rekonditionering och AC- rengöring Skadecenter Vägassistans, plåtverkstad, lackverkstad, buckelborttagning och bildemontering. Hyrbilar Uthyrning och Flexlease Service Original service, personal service technicians and repairs. Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna. Kundservice T elefon och online. Butik Tillbehör, reservdelar och e-handel. Glascenter Glasbehandling, glasreparation och vindrutebyten. Däckcenter Däckhotell, däckbyte, däck- försäljning och verkstadstjänster. Bilköp Finansiering, försäkring, biliakort, serviceabonnemang, däckhotell, lackbehandling samt tillbehörs- & däckförsäljning. Servicecenter Originalservice, personlig servicetekniker och reparationer Stationer Drivmedel och biltvätt. Bilvård Rekonditionering och AC- rengöring Skadecenter Vägassistans, plåtverkstad, lackverkstad, buckelborttagning och bildemontering. Hyrbilar Uthyrning och Flexlease Car glass Glass treatment, glass repair and windscreen replacement. Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna. Kundservice T elefon och online. Butik Tillbehör, reservdelar och e-handel. Glascenter Glasbehandling, glasreparation och vindrutebyten. Däckcenter Däckhotell, däckbyte, däck- försäljning och verkstadstjänster. Bilköp Finansiering, försäkring, biliakort, serviceabonnemang, däckhotell, lackbehandling samt tillbehörs- & däckförsäljning. Servicecenter Originalservice, personlig servicetekniker och reparationer Stationer Drivmedel och biltvätt. Bilvård Rekonditionering och AC- rengöring Skadecenter Vägassistans, plåtverkstad, lackverkstad, buckelborttagning och bildemontering. Hyrbilar Uthyrning och Flexlease Car care Reconditioning and AC-cleaning. Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna. Kundservice T elefon och online. Butik Tillbehör, reservdelar och e-handel. Glascenter Glasbehandling, glasreparation och vindrutebyten. Däckcenter Däckhotell, däckbyte, däck- försäljning och verkstadstjänster. Bilköp Finansiering, försäkring, biliakort, serviceabonnemang, däckhotell, lackbehandling samt tillbehörs- & däckförsäljning. Servicecenter Originalservice, personlig servicetekniker och reparationer Stationer Drivmedel och biltvätt. Bilvård Rekonditionering och AC- rengöring Skadecenter Vägassistans, plåtverkstad, lackverkstad, buckelborttagning och bildemontering. Hyrbilar Uthyrning och Flexlease Damage Roadside assistance, body shop, paint shop and dent removal. Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna. Kundservice T elefon och online. Butik Tillbehör, reservdelar och e-handel. Glascenter Glasbehandling, glasreparation och vindrutebyten. Däckcenter Däckhotell, däckbyte, däck- försäljning och verkstadstjänster. Bilköp Finansiering, försäkring, biliakort, serviceabonnemang, däckhotell, lackbehandling samt tillbehörs- & däckförsäljning. Servicecenter Originalservice, personlig servicetekniker och reparationer Stationer Drivmedel och biltvätt. Bilvård Rekonditionering och AC- rengöring Skadecenter Vägassistans, plåtverkstad, lackverkstad, buckelborttagning och bildemontering. Hyrbilar Uthyrning och Flexlease Rental cars Rentals and Flexlease. Kundservice T elefon & online. Reuse Bildemontering & bildelar 7 BIL I A Å R S R E D O VIS NING 2 0 1 9 A f f ä r s m odell o c h s t r a t e g i Butik Tillbehör, reservdelar & e-handel. Glascenter Glasbehandling, glas- reparation & vindrutebyten. Däckcenter Däckhotell, däckbyte, däck- försäljning & verkstadstjänster. Bilköp Finansiering, försäkring, biliakort, serviceabonnemang, däckhotell, lackbehandling samt tillbehörs- & däckförsäljning. Servicecenter Originalservice, personlig servicetekniker & reparationer Stationer Drivmedel & biltvätt. Bilvård Rekonditionering & AC- rengöring Skadecenter Vägassistans, plåtverkstad, lackverkstad & buckelborttagning Hyrbilar Uthyrning & Flexlease Car dismantling Dismantling, reuse and sales of used car parts. BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 4 (31) ===== SIDA 5 ===== Net turnover by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Sweden 5,702 5,649 19,194 18,100 25,747 24,653 Norway 2,263 2,005 6,562 7,224 9,101 9,763 Western Europe 986 1,047 3,113 3,059 4,123 4,069 Parent Company, other 32 7 54 23 60 29 Total 8,984 8,708 28,923 28,406 39,031 38,514 Operational earnings by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Sweden 206 284 792 1,002 1,156 1,365 Norway 41 23 160 139 198 177 Western Europe 50 55 170 162 235 228 Parent Company, other –17 –27 –98 –94 –151 –147 Total 281 335 1,024 1,209 1,438 1,623 Operational margin by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023Per cent 2024 2023 2024 2023 Sweden 3.6 5.0 4.1 5.5 4.5 5.5 Norway 1.8 1.1 2.4 1.9 2.2 1.8 Western Europe 5.1 5.2 5.4 5.3 5.7 5.6 Total 3.1 3.8 3.5 4.3 3.7 4.2 THE GROUP A better experience At Bilia we strive for continuous development, to be a little better each day, whatever our title or position. Working in a goal-conscious way founded on our vision, core values and customer promise creates a positive spiral, enabling us to exceed expectations and provide a better experience for cus- tomers and colleagues alike. Q3 20 Q3 21 Q3 22 Q3 23 Q3 24 268 300 240 284 206 Operational earnings third quarter, SEK M Sweden Norway Western Europe Q3 20 Q3 21 Q3 22 Q3 23 Q3 24 123 171 76 23 41Norway Q3 20 Q3 21 Q3 22 Q3 23 Q3 24 24 20 29 55 50 BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 5 (31) ===== SIDA 6 ===== Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Operating cash flow SEK M, R/one.tf/two.tf Operating cash flow –/five.tf/zero.tf/zero.tf /zero.tf /five.tf/zero.tf/zero.tf /one.tf,/zero.tf/zero.tf/zero.tf /one.tf,/five.tf/zero.tf/zero.tf /two.tf,/zero.tf/zero.tf/zero.tf Operating cash flow Operating cash flow for the third quarter amounted to SEK 480 M (269). After acquisitions of operations and changes in financial assets, cash flow for the quarter amounted to SEK 447 M (279). Financial position The balance sheet total increased by SEK 553 M during the year and amounted to SEK 19,948 M. The increase was mainly attributable to right-of-use assets according to IFRS 16 in acquired operations and new facilities. Equity decreased by SEK 185 M during the period, amounting to SEK 4,656 M. During the second quarter, a dividend of SEK 607 M was decided to the shareholders, of which SEK 304 M has been paid out during the year. In total, dividend of SEK 506 M has been paid out during the year. Bilia shares in own custody were used during the second quarter to allocate 33,059 shares to partic- ipants in Bilia’s share savings program from 2021. The total holding of own shares as of 30 September 2024 was 4,282,650 shares. The equity/assets ratio amounted to 23 per cent (24). Net debt increased by SEK 815 M during the year and amounted to SEK 7 ,504 M. Excluding lease liabilities at- tributable to IFRS 16, net debt amounted to SEK 2,520 M, an increase of SEK 77 M since December 2023. The ratio of net debt to EBITDA, excluding IFRS 16, amounted to 1.5 times compared with 1.3 times at the end of 2023. At the end of the quarter, SEK 1,289 M of Bilia’s credit with the banks (Nordea and DNB) was utilised. The credit limit with Nordea and DNB totals SEK 2,300 M and was refinanced during the first quarter of 2024 on essentially unchanged terms. The revolving credits have a term of 3 years with possibility of extension with one year plus one year after creditors’ approval. Investments excluding right-of-use assets Acquisitions of non-current assets during the quarter amounted to SEK 120 M (155) excluding lease vehi- cles and SEK 316 M (434) including lease vehicles. By geographical market, the investments amounted to SEK 191  M (111) in Sweden, SEK 97 M (273) in Norway, SEK 14 M (6) in Western Europe and SEK 15 M (44) for the Parent Company and other central operations. Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Net debt SEK M Net debt and net debt/EBITDA, excl. IFRS /one.tf/six.tf Net debt/EBITDA times, R/one.tf/two.tf /zero.tf./zero.tf /zero.tf./five.tf /one.tf./zero.tf /one.tf./five.tf /two.tf./zero.tf /two.tf./five.tf /three.tf./zero.tf /zero.tf /five.tf/zero.tf/zero.tf /one.tf,/zero.tf/zero.tf/zero.tf /one.tf,/five.tf/zero.tf/zero.tf /two.tf,/zero.tf/zero.tf/zero.tf /two.tf,/five.tf/zero.tf/zero.tf /three.tf,/zero.tf/zero.tf/zero.tf Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Investments SEK M, R/one.tf/two.tf Investments in non-current assets, excl. IFRS /one.tf/six.tf in % of net turnover, R/one.tf/two.tf /zero.tf./zero.tf /two.tf./zero.tf /four.tf./zero.tf /six.tf./zero.tf /eight.tf./zero.tf /zero.tf /five.tf/zero.tf/zero.tf /one.tf,/zero.tf/zero.tf/zero.tf /one.tf,/five.tf/zero.tf/zero.tf /two.tf,/zero.tf/zero.tf/zero.tf /two.tf,/five.tf/zero.tf/zero.tf THE GROUP BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 6 (31) ===== SIDA 7 ===== Events during the third quarter • On 27 August Bilia signed an agreement to acquire Lunds Bil i Varberg AB. The operation consists of one full-service facility with sales and service of BMW cars. The acquisition is expected to be effectuated during the first quarter of 2025. The CEO and owner of the business will continue to work in the company. During the business year 2023/24, Lunds Bil i Varberg AB’s turnover amounted to approximately SEK 178 M, with an operating margin of 4.5 percent. The number of employees was 16 people at the end of 2023. The purchase price on a debt and cash- free basis amounts to approximately SEK 90 M and will consist of cash and 28,000 of Bilia shares. Events during the first six months • On 23 February Bilia signed an agreement to acquire Bil AB Ove Olofsson and Olofsson Däckcenter AB in Stockholm. The company is a dealer of Volkswagen, Audi, Skoda, Seat and Cupra cars as well as Volkswagen transport vehicles with associated sales of used cars and service operations with associated tire operations. The acquisition was effectuated on 2 May 2024. During 2023 the turnover amounted to approximately SEK 1.3 Bn, with an operating margin of 3.2 per cent. The capital employed plus agreed surplus values amounts to approximately SEK 200 M. • On 27 March Bilia refinanced its current revolving loan and credit facility of SEK 2.3 Bn with final maturity during the first quarter of 2025. The new credit facility consists of SEK 1.7 Bn revolving loans and SEK 0.6 Bn overdraft. The revolving credits have a term of 3 years with possibility of extension with one year plus one year after creditors’ approval. Notable events • On 2 April Bilia announced that as a result of growing interest in XPENG, additional facilities in Sweden and Norway are opened. The expansion is made in existing properties and with the existing cost structure. • On 12 June Bilia announced that Bilia’s Board of Directors has reached an agreement with Managing Director and CEO Per Avander to extend the current employment agreement by two years, which means that Per will remain in his current role until March 2028. • On 13 April Bilia reached an agreement to acquire Carlo Schmitz S.à r.l in Luxembourg. The company is a dealer of new BMW cars with associated sales of used cars and service activities. The acquisition was effectuated on 1 October 2024. During the business year 2022/2023, the company had a turnover of approximately EUR 80 M, with an operating margin of 3.0 per cent. The capital employed plus agreed surplus values amounts to approximately EUR 27 M. Approximately 20 per cent of the purchase price consisted of Bilia shares. Events after the balance sheet date • On 1 October the Board of Directors of Bilia decided, based on the authorization granted at the Annual General Meeting, to transfer 508,658 own shares in Bilia to RENT CASE (Luxembourg) S.à r.l,. at a price of 120.72 per share. The shares are being transferred as part of the purchase price for Bilia’s acquisition of Carlo Schmitz S.à r.l,. THE GROUP Further information about the above mentioned events along with other press information is available at bilia.com. We have a clear acquisition strategy together with a well-planned acquisition process. A successful acquisi - tion strategy also enables us to identify risks and op- portunities, and carry out and integrate acquisitions as efficiently as possible to create sustainable value for the company and its stakeholders. Growth through acquisitions We want to continue to grow in Sweden, Norway, Luxembourg and Belgium, but other European coun- tries may also be of interest. Our aim is also to grow the Service Business by making acquisitions in new areas of operation. LBs Lastbilar AB Kokstad Autosenter ASBil1Din Holding AS AS Insignia M Bilar Group AB Carlo Schmitz S.à r.l Holmgrens Truck-Motor AB Bilcentergruppen Sörmland ABB MotorGroup Stockholm AB Bil AB Ove Olofsson & Olofsson Däckcenter AB Söderbergs Person - bilar i Norrköping ABHellgrens Lastvagns - service AB & Skellefteå Billackering AB 2022 2023 2024 BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 7 (31) ===== SIDA 8 ===== Stable results and good growth in the Service Business Third quarter 2024 • Turnover amounted to SEK 2,136 M (1,933), an increase of 11 per cent. • Operational earnings amounted to SEK 221 M (205). • The margin was 10.4 per cent (10.6). Nine months 2024 • Turnover amounted to SEK 6,981 M (6,380), an increase of 9 per cent. • Operational earnings amounted to SEK 794 M (777). • The margin was 11.4 per cent (12.2). Turnover and earnings Third quarter 2024 Demand for servicing remained good as our custom- ers tend to take care of their cars even in tough economic times. Turnover for the Service Business increased organ- ically by 6 per cent during the quarter. In Sweden and Western Europe, organic growth during the quarter was 5 per cent and 6 per cent respectively, while in Norway organic growth was as much as 10 per cent. The organic growth is adjusted for acquired and closed operations, exchange rate fluctuations, and the number of working days compared to the previous year. During the quarter, there was one more working day in Sweden, Norway and Luxembourg, and two more work- ing days in Belgium. Growth in the Service Business Third quarter Nine months Per cent Sweden Norway Western Europe Tota l Sweden Norway Western Europe Tota l Reported growth 12.7 6.7 5.2 10.5 10.4 6.9 8.8 9.4 Underlying growth 6.5 11.4 8.2 7.9 6.8 9.2 9.4 7.6 Calendar effect –1.5 –1.5 –2.4 –1.6 — — –0.3 0.0 Organic growth 5.0 9.9 5.8 6.3 6.8 9.2 9.1 7.5 SERVICE BUSINESS Operational earnings amounted to SEK 221 M (205). In Sweden, operational earnings amounted to SEK 182 M (170). In Norway, operational earnings amounted to SEK 20 M (23). In Western Europe, operational earnings amounted to SEK 19 M (12). The margin in Sweden was again charged by start-up and implementation costs for workshop concepts and new operations. The result in Norway was charged by establishment and start-up costs for a new car brand. The booking situation for our workshops during the quarter was on a good level for the countries where we operate. BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 8 (31) ===== SIDA 9 ===== SERVICE BUSINESS Turnover by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Sweden 1,438 1,276 4,775 4,324 6,496 6,045 Norway 541 507 1,718 1,607 2,293 2,182 Western Europe 157 150 489 449 677 638 Total 2,136 1,933 6,981 6,380 9,466 8,865 Operational earnings by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Sweden 182 170 619 616 880 876 Norway 20 23 109 108 139 138 Western Europe 19 12 66 53 95 83 Total 221 205 794 777 1,115 1,097 Margin by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023Per cent 2024 2023 2024 2023 Sweden 12.7 13.2 13.0 14.2 13.6 14.5 Norway 3.7 4.6 6.4 6.7 6.1 6.3 Western Europe 12.1 8.3 13.4 11.8 14.0 13.0 Total 10.4 10.6 11.4 12.2 11.8 12.4 Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Turnover SEK M Turnover Turnover SEK M, R/one.tf/two.tf /zero.tf /five.tf/zero.tf/zero.tf /one.tf,/zero.tf/zero.tf/zero.tf /one.tf,/five.tf/zero.tf/zero.tf /two.tf,/zero.tf/zero.tf/zero.tf /two.tf,/five.tf/zero.tf/zero.tf /five.tf,/zero.tf/zero.tf/zero.tf /six.tf,/zero.tf/zero.tf/zero.tf /seven.tf,/zero.tf/zero.tf/zero.tf /eight.tf,/zero.tf/zero.tf/zero.tf /nine.tf,/zero.tf/zero.tf/zero.tf /one.tf/zero.tf,/zero.tf/zero.tf/zero.tf /zero.tf /one.tf/zero.tf/zero.tf /two.tf/zero.tf/zero.tf /three.tf/zero.tf/zero.tf /four.tf/zero.tf/zero.tf Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Operational earnings SEK M Operational earnings and margin Margin %, R/one.tf/two.tf /four.tf./zero.tf /eight.tf./zero.tf /one.tf/two.tf./zero.tf /one.tf/six.tf./zero.tf /two.tf/zero.tf./zero.tf BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 9 (31) ===== SIDA 10 ===== Service Business development since 2013 – Nine months 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Net turnover, SEK M 2,919 2,858 3,137 3,755 4,303 4,663 5,024 4,976 5,555 5,801 6,380 6,981 Operational earnings, SEK M 212 247 309 389 469 515 630 781 902 793 777 794 Operational margin, % 7.3 8.6 9.8 10.3 10.9 11.0 12.5 15.7 16.2 13.7 12.2 11.4 Turnover Service Business, % Service och repair, 60 Damage centres incl. paint shop, 20 Tyres, wheels and glass, 15 Car dismantling, 5 Our target is to grow the turnover and profitability of our Service Business. Since 2013 the turnover for the nine months has more than doubled, while the operational earnings has more than quadrupled. The margin has dur- ing the same period increased from 7 .3 per cent to 11.4 per cent. The lower margin compared to previous years is primarily explained by new operations, which includes both acquired operations and newly started operations. Turnover in the Service Business comes from different services that are updated according to customers’ needs and expectations. Services encompass service centers, repair workshops, wheel storage and tyre sales, glass repair and replacement, car dismantling and sales of used spare parts. SERVICE BUSINESS At the end of the quarter, the number of service subscrip- tions amounted to 118,000 (119,000 at year-end 2023) compared with our long-term target of 130,000. The num- ber of wheels stored on behalf of our customers amounted to 374,000 (391,000 at year-end 2023) compared with our long-term target of 1,000,000. Service subscriptions Wheels in storage We work continuously to improve the profitability of our Service Business. Our Business Excellence team together with our team within the Service Business identify the most effective processes and then implements these at the facilities where there is improvement potential as well as at our newly started and newly acquired businesses. –/five.tf /zero.tf /five.tf /one.tf/zero.tf /one.tf/five.tf Q/three.tf /two.tf/four.tf Q/two.tf /two.tf/four.tf Q/one.tf /two.tf/four.tf Q/four.tf /two.tf/three.tf Q/three.tf /two.tf/three.tf Q/two.tf /two.tf/three.tf Q/one.tf /two.tf/three.tf Q/four.tf /two.tf/two.tf Q/three.tf /two.tf/two.tf Q/two.tf /two.tf/two.tf Q/one.tf /two.tf/two.tf Organic growth in the Service Business since 2022 per quarter, % /two.tf/zero.tf/two.tf/four.tf Q/three.tf /two.tf/zero.tf/two.tf/three.tf/two.tf/zero.tf/two.tf/two.tf/two.tf/zero.tf/two.tf/one.tf/two.tf/zero.tf/two.tf/zero.tf/two.tf/zero.tf/one.tf/nine.tf/two.tf/zero.tf/one.tf/eight.tf/two.tf/zero.tf/one.tf/seven.tf/two.tf/zero.tf/one.tf/six.tf/two.tf/zero.tf/one.tf/five.tf/two.tf/zero.tf/one.tf/four.tf/zero.tf /three.tf/zero.tf /zero.tf/zero.tf/zero.tf /six.tf/zero.tf /zero.tf/zero.tf/zero.tf /nine.tf/zero.tf /zero.tf/zero.tf/zero.tf /one.tf/two.tf/zero.tf /zero.tf/zero.tf/zero.tf /one.tf/five.tf/zero.tf /zero.tf/zero.tf/zero.tf /two.tf/zero.tf/two.tf/four.tf Q/three.tf /two.tf/zero.tf/two.tf/three.tf/two.tf/zero.tf/two.tf/two.tf/two.tf/zero.tf/two.tf/one.tf/two.tf/zero.tf/two.tf/zero.tf/two.tf/zero.tf/one.tf/nine.tf/two.tf/zero.tf/one.tf/eight.tf/two.tf/zero.tf/one.tf/seven.tf/two.tf/zero.tf/one.tf/six.tf/two.tf/zero.tf/one.tf/five.tf/two.tf/zero.tf/one.tf/four.tf/zero.tf /one.tf/zero.tf/zero.tf /zero.tf/zero.tf/zero.tf /two.tf/zero.tf/zero.tf /zero.tf/zero.tf/zero.tf /three.tf/zero.tf/zero.tf /zero.tf/zero.tf/zero.tf /four.tf/zero.tf/zero.tf /zero.tf/zero.tf/zero.tf BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 10 (31) ===== SIDA 11 ===== Stable result for used cars in the Car Business Third quarter 2024 • Turnover amounted to SEK 7 ,067 M (6,920), an increase of 2 per cent. • Operational earnings amounted to SEK 73 M (151). • The margin was 1.0 per cent (2.2). Nine months 2024 • Turnover amounted to SEK 22,799 M (22,665), which was on par with the previous year. • Operational earnings amounted to SEK 304 M (508). • The margin was 1.3 per cent (2.2). New cars by geographic market Deliveries Order backlog Third quarter Nine months Number of 2024 2023 2024 2023 Oct. 23– Sept. 24 Full year 2023 30 Sept. 2024 30 Sept. 2023 Sweden 1) 5,981 6,608 20,226 22,164 28,321 30,259 7,445 12,201 Norway 2) 2,051 1,571 5,472 6,235 7,376 8,139 2,607 2,409 Western Europe 1,273 1,368 4,070 4,474 5,432 5,836 2,392 3,248 Total 9,305 9,547 29,768 32,873 41,129 44,234 12,444 17,858 1) Acquired and new operations are included in deliveries during the quarter with 490, during the first nine months with 1,098 and with 585 in order backlog. Closed operations are included in deliveries previous year during the quarter with 674, during the first nine months with 2,312 and with 126 in order backlog. 2) Acquired and new operations are included in deliveries during the quarter with 267 , during the first nine months with 592 and with 347 in order backlog. Turnover and earnings Third quarter 2024 The Car Business’s deliveries of new cars, adjusted for ac- quired and closed operations, were 4 per cent lower during the quarter compared with the previous year. The lower level of deliveries of new cars was mainly attributable to Sweden. The Car Business’s deliveries of used cars, adjusted for acquired operations, were 15 per cent higher during the quarter compared with the previous year. The higher level of deliveries of used cars was attributable to Sweden. The order intake of new cars for the Group was 11 per cent lower than the previous year adjusted for acquired and closed operations, attributable to Norway and West- ern Europe, while orders in Sweden were down slightly on the previous year. The order backlog amounted to 12,444 cars, which was lower compared to the previous year and the begin- ning of this year, but historically a normalised level for Norway and Western Europe, and a somewhat low level for Sweden. CAR BUSINESS BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 11 (31) ===== SIDA 12 ===== CAR BUSINESS Adjusted for acquired and closed operations and exchange rate fluctuations, turnover during the quarter was 1 per cent lower than the previous year, attributable to sales of new cars. Operational earnings from sales of used cars re- mained at a good, stable level and amounted to SEK 96 M (99). Operational earnings from sales of new cars amounted to SEK 23 M (52). The lower result from sales of new cars was attributable to all countries, explained by lower turnover and higher relative costs compared with the previous year. Operational earnings for the Car Business in Sweden amounted to SEK 21 M (109). Results from sales of used cars remained good, with a profit of SEK 54 M (90). The lower result was mainly attributable to a lower gross prof- it margin. The result from sales of new cars amounted to SEK –33 M (19). The lower result was primarily attrib- utable to a lower turnover and higher relative costs. The Deliveries of used cars by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023Number of 2024 2023 2024 2023 Sweden 1) 9,116 7,144 27,611 22,946 34,904 30,239 Norway 3,209 3,103 9,478 9,745 12,486 12,753 Western Europe 671 679 1,906 2,264 2,456 2,814 Total 12,996 10,926 38,995 34,955 49,846 45,806 1) Acquired operations are included in deliveries during the quarter with 98 and during the first nine months with 355. number of used cars in stock was deemed to be at a good level at the end of the quarter. Operational earnings for the Car Business in Norway amounted to SEK 21 M (0). The result from sales of used cars amounted to SEK 40 M (6). The higher result was attributable to a higher turnover and gross profit margin. The result from sales of new cars amounted to SEK –19 M (–7). The lower result was attributable to a lower gross profit margin and higher relative costs. The number of used cars in stock was deemed to be at a good level at the end of the quarter. Operational earnings for the Car Business in Western Europe amounted to SEK 31 M (42). The result from sales of used cars amounted to SEK 2 M (3). The result from sales of new cars amounted to SEK 29 M (39). The lower result was attributable to a lower turnover and gross profit margin. Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Turnover SEK M Turnover Turnover SEK M, R/one.tf/two.tf /zero.tf /two.tf,/zero.tf/zero.tf/zero.tf /four.tf,/zero.tf/zero.tf/zero.tf /six.tf,/zero.tf/zero.tf/zero.tf /eight.tf,/zero.tf/zero.tf/zero.tf /one.tf/zero.tf,/zero.tf/zero.tf/zero.tf /two.tf/four.tf,/zero.tf/zero.tf/zero.tf /two.tf/six.tf,/zero.tf/zero.tf/zero.tf /two.tf/eight.tf,/zero.tf/zero.tf/zero.tf /three.tf/zero.tf,/zero.tf/zero.tf/zero.tf /three.tf/two.tf,/zero.tf/zero.tf/zero.tf /three.tf/four.tf,/zero.tf/zero.tf/zero.tf /zero.tf /five.tf/zero.tf /one.tf/zero.tf/zero.tf /one.tf/five.tf/zero.tf /two.tf/zero.tf/zero.tf /two.tf/five.tf/zero.tf Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Operational earnings SEK M Operational earnings and margin Margin %, R/one.tf/two.tf /zero.tf./zero.tf /one.tf./zero.tf /two.tf./zero.tf /three.tf./zero.tf /four.tf./zero.tf /five.tf./zero.tf BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 12 (31) ===== SIDA 13 ===== CAR BUSINESS Turnover by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Sweden 4,341 4,381 14,826 13,920 19,845 18,941 Norway 1,872 1,624 5,289 6,077 7,387 8,175 Western Europe 853 915 2,683 2,668 3,531 3,516 Total 7,067 6,920 22,799 22,665 30,764 30,632 Operational earnings by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Sweden 21 109 150 368 250 468 Norway 21 0 50 31 59 39 Western Europe 31 42 104 109 140 145 Total 73 151 304 508 449 652 Margin by geographic market Third quarter Nine months Oct. 23– Sept. 24 Full year 2023Per cent 2024 2023 2024 2023 Sweden 0.5 2.5 1.0 2.6 1.3 2.5 Norway 1.1 0.0 1.0 0.5 0.8 0.5 Western Europe 3.7 4.6 3.9 4.1 4.0 4.1 Total 1.0 2.2 1.3 2.2 1.5 2.1 BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 13 (31) ===== SIDA 14 ===== /zero.tf /one.tf/zero.tf/zero.tf /two.tf/zero.tf/zero.tf /three.tf/zero.tf/zero.tf /four.tf/zero.tf/zero.tf /five.tf/zero.tf/zero.tf Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Turnover SEK M Turnover Turnover SEK M, R/one.tf/two.tf /five.tf/zero.tf/zero.tf /seven.tf/five.tf/zero.tf /one.tf,/zero.tf/zero.tf/zero.tf /one.tf,/two.tf/five.tf/zero.tf /one.tf,/five.tf/zero.tf/zero.tf /one.tf,/seven.tf/five.tf/zero.tf /zero.tf /five.tf /one.tf/zero.tf /one.tf/five.tf Q/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tfQ/three.tf /two.tf/three.tfQ/two.tf /two.tf/three.tfQ/one.tf /two.tf/three.tfQ/four.tf /two.tf/two.tf Operational earnings SEK M Operational earnings and margin Margin %, R/one.tf/two.tf /zero.tf./zero.tf /one.tf./zero.tf /two.tf./zero.tf /three.tf./zero.tf Lower fuel prices reduce turnover Third quarter 2024 • Turnover amounted to SEK 220 M (288), a decrease of 24 per cent. • Operational earnings amounted to SEK 3 M (6). • The margin was 1.5 per cent (2.2). Nine months 2024 • Turnover amounted to SEK 687 M (852), a decrease of 19 per cent. • Operational earnings amounted to SEK 24 M (18). • The margin was 3.4 per cent (2.2). Turnover and earnings Third quarter 2024 The Fuel Business encompasses fuel stations and car washes and is concentrated to Sweden. The result for the quarter amounted to SEK 3 M (6). Fuel Business Third quarter Nine months Oct. 23– Sept. 24 Full year 20232024 2023 2024 2023 Turnover, SEK M 220 288 687 852 964 1,129 Operational earnings, SEK M 3 6 24 18 26 21 Margin, per cent 1.5 2.2 3.4 2.2 2.7 1.9 FUEL BUSINESS BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 14 (31) ===== SIDA 15 ===== THE GROUP The automotive and transport industry is facing major challenges. It’s about the transition to vehicles that run on sustainable fuels, but also taking greater overall respon- sibility along the entire value chain, and finding new ways to reduce the use of resources. These challenges are regulated by international laws and objectives but are also expected and demanded by business partners and customers. We all have a responsibility. When selling new cars, Bilia supports companies and individuals in the transition to vehicles with lower carbon dioxide emissions, while our workshops and dismantling centres contribute to a more circular economy through repair and reuse. Sustainability at Bilia We are working to make sustainability an increasingly integral part of Bilia’s operation. Our business concept is to create a sustainable business through consideration and pride by offering attractive and innovative solutions for the mobile human being. We do this both to provide added value to our customers and because we see sustainability as an important part of our business. Our business concept enables us to grow while contributing to the major societal changes happening in the world. Our circular business model Bilia is a full-service supplier during the car’s entire life cycle. The focus is on developing new services relating to reuse and renovation of spare parts. As part of this strate- gy, we have acquired car dismantling companies and rim repair companies. In addition to car dismantling and reuse of spare parts, dismantled parts are also recycled. Activities during the quarter related to Bilia's sustainability targets The sustainability targets are the basis for specific im- provement activities in this year's action plan. Examples of activities during the quarter were: • Sustainable growth – ongoing work regarding the future Sustainability Report regarding CSRD’s reporting requirements. • Circular economy – preparation of information regard- ing the use of used spare parts in our repair shops. • Human care – completed training regarding safety when handling electric cars and evaluated a new sys- tem for reporting accidents and incidents in the Swedish operations. • Climate care – implementation of activities in the busi- ness regarding reduced environmental impact of our own business. Sustainability Nine key SDGs in the 2030 Agenda The focus areas for our sustainability work: Human care, Climate care, Sustainable growth and Circular economy model. The focus areas are linked to the following of the UN's global Sustainable Development Goals in the 2030 Agenda. Sustainable growth • Customer satisfaction to be 3 percentage points higher than the average for each brand and country. • Proportion of women in sales operations should exceed 30 per cent. Circular economy • Share of 12 per cent used spare parts for damage cases in Sweden in 2028. Human care • Proportion of engaged employees above benchmark. Climate care • Contribute to lower climate impact for Bilia’s customers through our products and services. • Reduced environmental impact caused by our own operations. Global SDGs Bilia Focus areas Human care Human care Climate care Sustainable growth Climate care Global SDGs Bilia Focus areas Climate care Circular economy Sustainable growth All four areas BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 15 (31) ===== SIDA 16 ===== THE GROUP Risks and opportunities Risks and risk takings are a natural part of Bilia’s business operations. A good understanding of the risks togeth- er with an efficient way of identifying, evaluating and managing the risks are important for Bilia’s short-term and long-term success. Bilia has a formal yearly process at Group level to identify, plan and reduce identified risks in the business. Please refer to the Annual Report for a description of the risks and Bilia’s risk management. The events that have transpired in the wider world since publication of the annual report are not judged to entail any new material risks or changes in working methods com- pared with the description in the Annual Report for 2023. Seasonal variations and number of working days Bilia’s business and operating profit are affected by seasonal variations to a limited extent. The number of working days for the reporting periods is affected by when national holidays fall in different years. Business and operating profit in mainly the Service Business, but also the Car Business, are affected by the number of working days. Related party transactions For a description of related party transactions, see page 101, “Note 30” of the 2023 Annual Report. Parent Company Bilia AB is responsible for the Group’s management, strategic planning, purchasing, public relations, business development, legal, marketing, HR, real estate activities, accounting and financing. Annual General Meeting 2024 The Annual General Meeting was held on 24 April 2024. The Board decided on a dividend of SEK 6.60 (8.80) per share, to be paid in four instalments of SEK 1.65 per share. The dividend is in line with historical levels of dividend share and in accordance Bilia’s dividend policy. Other information   VISION AND BUSINESS IDEA   CULTURE AND CORE VALUES   CUSTOMER PROMISE A better experience. Our general goal is to create an experience that exceeds the customer’s ex- pectations, and adds value that distinguishes Bilia from its competitors. Dedication, Competence, Genuine, Respect. At Bilia we are engaged in the meeting with customers, with each other and with suppliers. Competence gives solutions and suggestions that benefit the customer the most. Being genuine and showing respect build confidence in Bilia and our employees. The best service company in the business – through considera- tion for customers, colleagues and the world we live in. Bilia will create a sustainable business through consideration and pride by offering attractive and innovative solutions for the mobile human being.   OUR CAR BRANDS BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 16 (31) ===== SIDA 17 ===== Consolidated Statement of Income and Other Comprehensive Income Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Net turnover 8,984 8,708 28,923 28,406 39,031 38,514 Costs of goods sold –7,555 –7,342 –24,287 –23,914 –32,748 –32,374 Gross profit 1,429 1,366 4,635 4,492 6,283 6,140 Other operating income 8 3 23 35 34 46 Selling and administrative expenses -1,200 –1,080 –3,765 –3,452 –5,037 –4,724 Other operating expense –4 –1 –13 –13 –46 –45 Result from interests in joint ventures –16 — –35 — –35 — Operating profit 1) 216 288 846 1,062 1,200 1,416 Financial income 4 10 10 13 13 15 Financial expenses –110 –103 –321 –272 –410 –360 Result from interests in associated companies 23 22 61 62 86 88 Profit before tax 133 216 596 866 889 1,159 Tax –28 –48 –129 –185 –172 –228 Net profit for the period 105 169 467 682 717 931 Other comprehensive income Items that can be reclassified to profit or loss Translation differences attributable to foreign operations –52 –6 –20 –24 –89 –93 Change in fair value of cash flow hedges, net after tax –3 –18 –11 –58 2 –45 Share of OCI related to joint ventures 0 — 0 — 0 — Other comprehensive income after tax –54 –24 –31 –82 –87 –138 Comprehensive income for the period 51 145 437 600 630 793 Net profit attributable to: - Parent Company's shareholders 105 169 468 682 718 931 - Non-controlling interests 0 0 –1 0 –1 0 Comprehensive income attributable to: - Parent Company's shareholders 51 145 437 600 630 793 - Non-controlling interests 0 0 –1 0 –1 0 Basic earnings per share, SEK 1.15 1.83 5.08 7.41 7.80 10.12 Diluted earnings per share, SEK 1.14 1.83 5.07 7.40 7.78 10.10 Average number of shares, '000 92,017 91,984 92,004 91,984 91,999 91,984 Average number of shares, after dilution, '000 92,401 92,260 92,290 92,176 92,273 92,188 1) Amortisation and depreciation according to plan by asset class: – Intellectual property –54 –53 –161 –156 –213 –209 – Land and buildings –25 –26 –71 –67 –88 –84 – Equipment, tools, fixtures and fittings –40 –29 –119 –104 –160 –145 –  Leased vehicles –81 –81 –298 –294 –384 –380 – Right-of-use assets –163 –149 –465 –444 –606 –585 Total –363 –337 –1,114 –1,066 –1,453 –1,404 ACCOUNTS – GROUP BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 17 (31) ===== SIDA 18 ===== Consolidated Statement of Financial Position, Summary SEK M 30 September 2024 31 December 2023 30 September 2023 Assets Non-current assets Intangible assets Intellectual property 910 972 1,017 Goodwill 1,521 1,496 1,519 2,431 2,468 2,536 Property, plant and equipment Leased vehicles 2,309 2,515 2,536 Right-of-use assets 4,696 3,960 4,018 Other tangible assets 2,136 1,968 1,868 9,141 8,443 8,422 Financial assets 766 726 706 Deferred tax assets 38 150 178 Total non-current assets 12,376 11,788 11,842 Current assets Inventories 4,582 4,789 4,968 Other receivables 2,362 2,554 2,236 Cash and cash equivalents 629 264 333 Total current assets 7,573 7,607 7,537 TOTAL ASSETS 19,948 19,395 19,380 Equity and liabilities Equity 4,656 4,841 4,650 Non-current liabilities Bond issue 1,296 1,295 1,294 Interest-bearing liabilities 1 378 24 37 Lease liabilities 4,440 3,791 3,681 Other liabilities and provisions 1,249 1,360 1,730 Deferred tax assets 537 670 669 8,900 7,139 7,411 Current liabilities Bond issue — — 32 Interest-bearing liabilities 963 1,762 1,652 Lease liabilities 909 818 809 Other liabilities and provisions 4,520 4,835 4,826 6,392 7,415 7,319 TOTAL EQUITY AND LIABILITIES 19,948 19,395 19,380 Statement of Changes in Group Equity, Summary SEK M Nine months 2024 Full year 2023 Nine months 2023 Opening balance 4,841 4,887 4,887 Decided dividend –607 –809 –809 Incentive 3 2 3 Revaluation of call/put option –18 –32 –31 Comprehensive income for the period 437 793 600 Equity at end of period 4,656 4,841 4,650 Equity attributable to: - Parent Company's shareholders 4,656 4,841 4,650 - Non-controlling interests 0 0 0 ACCOUNTS – GROUP BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 18 (31) ===== SIDA 19 ===== Consolidated Statement of Cash Flows Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Operating activities Profit before tax 133 216 596 866 889 1,159 Depreciation and impairment losses 366 337 1,120 1,066 1,461 1,407 Other items not affecting cash –23 –35 –88 –147 –120 –179 Tax paid –75 –68 –250 –364 –267 –380 Change in inventories 17 33 386 142 518 274 Change in operating receivables 21 153 347 467 49 169 Change in operating liabilities 26 –64 –437 –873 –423 –859 Cash flow from operating activities 465 573 1,673 1,157 2,107 1,591 Investing activities Acquisition of non-current assets –120 –155 –343 –320 –543 –520 Disposal of non-current assets 0 16 8 41 9 41 Acquisition of leased vehicles –196 –279 –933 –920 –1,582 –1,569 Disposal of leased vehicles 331 114 898 522 1,460 1,084 Operating cash flow 480 269 1,303 480 1,450 627 Investment in financial assets –33 — –78 –2 –78 –2 Disposal of financial assets — 9 1 15 9 23 Acquisition of operations 0 1 –396 –7 –418 –29 Cash flow from investing activities –17 –293 –844 –672 –1,144 –972 Financing activities Borrowings 1 16 1 840 2 840 Repayment of loans 0 –4 0 –779 –64 –842 Repayment of lease liabilities –168 –134 –522 ,–442 –618 –538 Net change in short-term credit facilities 95 45 547 356 713 521 Dividend paid to the company's shareholders –152 –202 –506 –589 –709 –791 Cash flow from financing activities –223 –280 –480 –614 –676 –810 Change in cash and cash equivalents, excl. translation differences 224 0 350 –128 287 –191 Exchange difference in cash and cash equivalents 15 –4 15 5 9 –1 Change in cash and cash equivalents 240 –4 364 –123 296 –192 Cash and cash equivalents at start of period 389 337 264 456 333 456 Cash and cash equivalents at end of period 629 333 629 333 629 264 ACCOUNTS – GROUP BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 19 (31) ===== SIDA 20 ===== Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Operational earnings 281 335 1,024 1,209 1,438 1,623 – Structural costs etc. 0 — 0 –7 –15 –21 – Acquisition-related costs and value adjustments 0 — 0 — 1 — – Amortisation of surplus values –48 –47 –143 –140 –189 –186 – Result from interests in joint ventures –16 — –35 — –35 — Operating profit 216 288 846 1,062 1,200 1,416 ADDITIONAL DISCLOSURES – GROUP Note 1 Accounting principles This interim report has been prepared in accordance with International Financial Reporting Standards (IFRS) IAS 34 and applicable provisions of the Annual Accounts Act. The interim report for the Parent Company has been prepared in accordance with the Annual Accounts Act and RFR2. The same accounting policies and calculation methods have been applied for the Group and the Parent Company as in the most recent Annual Report with addition for the reporting of interests in joint ventures. Joint ventures refer to companies in which Bilia’s holding corresponds to more than 50 per cent of the votes but has no significant influence. Holdings in joint ventures are reported according to the equity method. New or revised IFRS standards to be used in the future are not expected to have any material effect on the consoli- dated financial statements. Disclosures in accordance with IAS 34, paragraph 16 A, are made not only in the financial statements and related notes, but also in other parts of this interim report. Figures in the interim report are rounded, which is why notes and tables may not add up. Note 2 Fair value of financial instruments Valuation principles and classifications of Bilia's financial instruments as described in the annual report for 2023 have been applied consistently during the reporting period. To hedge electricity costs, Bilia has decided to use electricity derivatives to even out price variations on the electricity market. Bilia hedges gradually up to five years and builds up the volume of electricity contracts for each delivery date. The hedges meet the requirements for effectiveness, which means that the changes in value are recognised in other comprehensive income. The forward agreements used to hedge contracted purchas- es of electricity are classified as cash flow hedges and amounted to a liability of SEK 9 M. Bilia's financial instruments in the form of currency derivatives are valued at fair value over the statement of income and are valued according to valuation level 2. The value of the currency derivatives was not material and did not constitute a significant item in the statement of financial position for the Group. Valuation of the cur- rency derivatives at fair value has resulted in a income of SEK 2 M, which was matched by an cost for the reval- uation of assets in foreign currency. The effect on the Group's result was therefore SEK 0 M. Bilia's financial instruments valued at fair value over equity consist of put/call options issued in connection with acquisitions and are valued at fair value based on future exercise price according to valuation level 3. The option is reported as provisions in the statement of finan- cial position and amounted to SEK 56 M. Note 3 Reconciliation of operational earnings with operating profit BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 20 (31) ===== SIDA 21 ===== Note 4 Group's operating segments Segment reconciliation mainly refer to the elimination of internal sales from the Service Business to the Car Business but also include central functions such as purchasing, public relations, business development, legal, marketing, HR, real estate, accounting and financing. Third quarter 2024 SEK M Service Car Fuel Tota l Segment reconciliation Group External sales 1,665 7,067 220 8,952 32 8,984 Internal sales 471 — — 471 –471 — Depreciation and amortisation –153 –192 –1 –347 –16 –363 Operational earnings 221 73 3 298 –17 281 Structural costs etc. — 0 — 0 — 0 Acquisition-related costs and value adjustments 0 0 — 0 — 0 Amortisation of surplus values –25 –23 — –48 — –48 Result from interests in joint ventures — — — — –16 –16 Group operating profit 216 Service Car SEK M Sweden Norway Western Europe Sweden Norway Western Europe External sales 1,141 391 133 4,341 1,872 853 Internal sales 297 150 24 — — — Depreciation and amortisation –104 –37 –13 –140 –42 –11 Operational earnings 182 20 19 21 21 31 Structural costs etc — — — 0 — — Acquisition-related costs and value adjustments 0 — 0 0 — 0 Amortisation of surplus values –13 –5 –7 –13 –5 –6 Third quarter 2023 SEK M Service Car Fuel Tota l Segment reconciliation Group External sales 1,493 6,920 288 8,701 7 8,708 Internal sales 440 — — 440 –440 — Depreciation and amortisation –134 –185 –1 –320 –17 –337 Operational earnings 205 151 6 362 –27 335 Structural costs etc. — — — — — — Acquisition-related costs and value adjustments — — — — — — Amortisation of surplus values –25 –22 — –47 — –47 Result from interests in joint ventures — — — — — — Group operating profit 288 Service Car SEK M Sweden Norway Western Europe Sweden Norway Western Europe External sales 981 381 131 4,381 1,624 915 Internal sales 295 126 19 — — — Depreciation and amortisation –90 –31 –13 –133 –41 –11 Operational earnings 170 23 12 109 0 42 Structural costs etc — — — — — — Acquisition-related costs and value adjustments — — — — — — Amortisation of surplus values –13 –5 –7 –11 –5 –6 ADDITIONAL DISCLOSURES – GROUP BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 21 (31) ===== SIDA 22 ===== Nine months 2024 SEK M Service Car Fuel Tota l Segment reconciliation Group External sales 5,383 22,799 687 28,869 54 28,923 Internal sales 1,598 — — 1,598 –1,598 — Depreciation and amortisation –443 –620 –3 –1,067 –47 –1,114 Operational earnings 794 304 24 1,122 –98 1,024 Structural costs etc. 0 0 — 0 — 0 Acquisition-related costs and value adjustments 0 0 — 0 — 0 Amortisation of surplus values –73 –70 — –143 — –143 Result from interests in joint ventures — — — — –35 –35 Group operating profit 846 Service Car SEK M Sweden Norway Western Europe Sweden Norway Western Europe External sales 3,681 1,273 430 14,826 5,289 2,683 Internal sales 1,093 446 59 — — — Depreciation and amortisation –301 –103 –38 –445 –142 –34 Operational earnings 619 109 66 150 50 104 Structural costs etc 0 — 0 0 — — Acquisition-related costs and value adjustments –1 — 1 –1 — 1 Amortisation of surplus values –37 –16 –20 –39 –14 –17 Nine months 2023 SEK M Service Car Fuel Tota l Segment reconciliation Group External sales 4,866 22,665 852 28,383 23 28,406 Internal sales 1,514 — — 1,514 –1,514 — Depreciation and amortisation –414 –595 –4 –1,013 –53 –1,066 Operational earnings 777 508 18 1,303 –94 1,209 Structural costs etc. –3 –2 — –5 –2 –7 Acquisition-related costs and value adjustments — — — — — — Amortisation of surplus values –75 –65 — –140 — –140 Result from interests in joint ventures — — — — — — Group operating profit 1,062 Service Car SEK M Sweden Norway Western Europe Sweden Norway Western Europe External sales 3,328 1,147 391 13,920 6,077 2,668 Internal sales 996 460 58 — — — Depreciation and amortisation –269 –107 –38 –397 –164 –34 Operational earnings 616 108 53 368 31 109 Structural costs etc –2 — –1 –2 — — Acquisition-related costs and value adjustments — — — — — — Amortisation of surplus values –39 –16 –20 –33 –15 –17 ADDITIONAL DISCLOSURES – GROUP BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 22 (31) ===== SIDA 23 ===== ADDITIONAL DISCLOSURES – GROUP Note 5 Acquisitions and divestments of operations Acquisitions in 2024 On 26 October 2023 Bilia reached an agreement to acquire B MotorGroup Stockholm AB. The business is conducted in two modern facilities with sales and service of Jaguar and Land Rover. During 2022 turnover amount- ed to approximately SEK 450 M with an operating margin of 1.1 per cent. The number of employees were 45 at the end of 2022. The acquisition was effectuated on 2 Janu- ary 2024. The acquisition analysis is preliminary pending the final completion of the financial statements for the day of taking possession. On 23 February the option was exercised regarding the remaining minority of 10 per cent in Bilia Holding S.à r.l. The paid amount of EUR 10.7 M corresponded to the reported provision. One facility for Jaguar and Land Rover in Norway, two facilities for XPENG in Sweden and two facilities for XPENG in Norway have been acquired in 2024. These have not entailed any significant impact on the group’s financial position. On 23 February Bilia signed an agreement to acquire Bil AB Ove Olofsson and Olofsson Däckcenter AB in Stockholm, a dealer of Volkswagen, Audi, Skoda, Seat and Cupra cars as well as Volkswagen transport vehicles with associated sales of used cars and service and tire operations. The operation is conducted in five facilities in Stockholm. During 2023 the turnover amounted to ap- proximately SEK 1.3 Bn, with an operating margin of 3.2 per cent. The number of employees were 165 at the end of 2023. The capital employed plus agreed surplus values amounts to approximately SEK 200 M. The acquisition was effectuated on 2 May 2024. The acquisition analysis is preliminary pending the final completion of the finan- cial statements for the day of taking possession. Preliminary net assets in the acquired operations 2024 SEK M Intangible assets, customer relations 81 Property, plant and equipment 82 Right-of-use assets 324 Inventories 195 Trade receivables and other receivables 74 Cash and cash equivalents 48 Interest-bearing liabilities –329 Trade payables and other liabilities -158 Deferred tax liability –20 Net identifiable assets and liabilities 297 Consolidated goodwill 28 Net identifiable assets and liabilities, including goodwill 325 Purchase consideration –325 Purchase consideration for exercised option –120 Less: Cash and cash equivalents in acquired operations 48 Net effect on cash and cash equivalents –396 Acquisitions in 2023 On 1 November Bilia acquired the operations in Bilcenter- gruppen Sörmland AB, which conducts sales and service operations for Mercedes-Benz cars and transport vehi- cles. The acquired operations had a turnover of approx- imately SEK 100 M in 2022. The number of employees was 24 at the end of 2022. Acquired customer relations of SEK 14 M are reported as intangible assets and are amortised over 10 years. BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 23 (31) ===== SIDA 24 ===== ADDITIONAL DISCLOSURES – GROUP Note 6 Specification of interest-bearing net debt and EBITDA Specification of interest-bearing net debt SEK M 30 September 2024 31 December 2023 30 September 2023 Current interest-bearing liabilities 1,111 1,934 1,846 Non-current interest-bearing liabilities 2,895 1,515 1,480 Lease liabilities IFRS 16 4,985 4,246 4,184 Cash and cash equivalents –629 –264 –333 Interest-bearing assets –147 –76 –86 Shares in associated companies –710 –665 –639 Net debt at end of the period 7, 5 0 4 6,689 6,454 Net debt at end of the period, excluding IFRS 16 2,520 2,443 2,269 The ratio of net debt to EBITDA SEK M Oct. 23– Sept. 24 Full year 2023 Oct. 22– Sept. 23 Operating profit 1,200 1,416 1,573 Result from sale of operations, structural costs, acquisition costs and impairment losses 14 21 29 Total depreciation and amortisation 1,453 1,404 1,385 – depreciation of leased vehicles with repurchase agreements –284 –288 –289 EBITDA 2,383 2,552 2,697 Net debt to EBITDA ratio, times 3.1 2.6 2.4 Operating profit excluding IFRS 16 1,092 1,337 1,498 Result from sale of operations, structural costs, acquisition costs and impairment losses 14 21 29 Total depreciation and amortisation 1,453 1,404 1,385 – depreciation of leased vehicles with repurchase agreements –284 –288 –289 – depreciation of right-of-use assets –606 –585 –577 EBITDA excluding IFRS 16 1,668 1,888 2,046 Net debt to EBITDA ratio excluding IFRS 16, times 1.5 1.3 1.1 BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 24 (31) ===== SIDA 25 ===== Income Statement for Parent Company, Summary Third quarter Nine months Oct. 23– Sept. 24 Full year 2023SEK M 2024 2023 2024 2023 Net turnover 246 193 664 588 857 781 Other operating income 0 0 2 0 2 0 Administrative expenses –268 –231 –771 –698 –1,016 –943 Operating result 1) –23 –39 –105 –110 –157 –162 Result from financial items Result from interest in Group companies and joint ventures 0 — –30 — –40 –10 Interest income and similar line items 35 35 111 95 148 131 Interest expenses and similar line items –55 -56 –162 –124 –207 –169 Result after financial items –42 –60 –186 –139 –256 –209 Appropriations — — — 2 978 980 Result before tax –42 –60 –186 –137 722 771 Tax –7 4 1 1 –160 –160 Net result for the period –50 –56 –185 –136 562 611 1) Amortisation and depreciation according to plan by asset class: - Buildings  –6 –6 –19 –18 –26 –25 - Equipment, tools, fixtures and fittings –1 –1 –2 –2 –2 –2 Total –7 –7 –21 –20 –28 –27 ACCOUNTS – PARENT COMPANY BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 25 (31) ===== SIDA 26 ===== Balance Sheet for Parent Company, Summary SEK M 30 September 2024 31 December 2023 30 September 2023 Assets Non-current assets Property, plant and equipment 290 246 202 Shares in Group companies 3,531 3,140 3,139 Receivables from Group companies 447 447 — Other tangible assets 69 76 70 Total non-current assets 4,336 3,908 3,411 Current assets Receivables from Group companies 2,034 3,083 1,288 Other receivables 473 196 298 Cash and cash equivalents 296 1 11 Total current assets 2,803 3,280 1,597 TOTAL ASSETS 7,139 7,188 5,008 Equity and liabilities Equity 427 1,216 470 Untaxed reserves 1,553 1,553 1,417 Provisions Deferred tax liability — 9 10 — 9 10 Non-current liabilities Bond issue 1,296 1,295 1,294 Interest bearing liabilities 1,350 — — Liabilities to Group companies 447 447 — Other liabilities 139 139 148 3,232 1,881 1,442 Current liabilities Bond issue — — 32 Interest bearing liabilities 249 1,136 845 Liabilities to Group companies 940 816 144 Other liabilities 739 577 648 1,928 2,529 1,669 TOTAL EQUITY AND LIABILITIES 7,139 7,188 5,008 ACCOUNTS – PARENT COMPANY BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 26 (31) ===== SIDA 27 ===== QUARTERL Y REVIEW The Group Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Net turnover, SEK M 10,425 9,871 9,826 8,708 10,108 9,371 10,568 8,984 EBITDA, SEK M 788 670 677 562 643 573 646 521 EBITDA excl. IFRS 16, SEK M 638 503 510 395 480 401 460 327 Operational earnings, SEK M 574 431 444 335 414 333 410 281 Operational margin, % 5.5 4.4 4.5 3.8 4.1 3.6 3.9 3.1 Operating profit, SEK M 511 380 394 288 354 287 343 216 Operating margin, % 4.9 3.8 4.0 3.3 3.5 3.1 3.3 2.4 Profit before tax, SEK M 470 320 330 216 293 201 262 133 Profit/loss for the period, SEK M 358 251 262 169 250 156 206 105 The ratio of net debt to EBITDA excl. IFRS 16, times 1) 0.8 1.1 1.1 1.1 1.3 1.5 1.6 1.5 Return on capital employed, % 1) 21.5 17.4 15.7 14.3 12.5 11.4 10.8 10.0 Return on equity, % 1) 36.2 27.8 25.5 22.4 16.6 17.6 16.7 15.1 Equity/assets ratio, % 24 26 23 24 25 26 23 23 Earnings per share, SEK 3.89 2.73 2.85 1.83 2.71 1.70 2.24 1.15 Equity per share, SEK 53 55 49 51 53 54 50 51 Average number of shares, '000 91,984 91,984 91,984 91,984 91,984 91,984 92,009 92,017 Outstanding number of shares, '000 91,984 91,984 91,984 91,984 91,984 91,984 92,017 92,017 Holdings of own shares, '000 4,316 4,316 4,316 4,316 4,316 4,316 4,283 4,283 1) Rolling 12 months. Business area – Service Business Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Turnover, SEK M 2,291 2,257 2,190 1,933 2,485 2,363 2,482 2,136 Operational earnings, SEK M 368 297 275 205 320 281 292 221 Margin, % 16.1 13.2 12.5 10.6 12.9 11.9 11.7 10.4 Reported growth, % –1.7 9.8 7.7 12.9 8.5 4.7 13.4 10.5 Organic growth, % 10.2 10.0 10.2 10.5 9.4 8.1 8.3 6.3 Business area – Car Business Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Turnover, SEK M 8,438 7,913 7,832 6,920 7,967 7,329 8,402 7,067 Operational earnings, SEK M 240 158 198 151 144 76 155 73 Margin, % 2.8 2.0 2.5 2.2 1.8 1.0 1.9 1.0 New cars delivered, number 13,611 11,671 11,655 9,547 11,361 9,322 11,141 9,305 Order backlog of new cars, number 26,325 23,536 19,847 17,858 14,262 14,460 12,652 12,444 Used cars delivered, number 10,133 12,300 11,729 10,926 10,851 12,155 13,844 12,996 Business area – Fuel Business Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Turnover, SEK M 307 277 287 288 277 225 242 220 Operational earnings, SEK M 3 8 5 6 3 13 7 3 Margin, % 1.0 2.7 1.6 2.2 1.0 5.7 3.0 1.5 BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 27 (31) ===== SIDA 28 ===== Definitions and performance measures DEFINITIONS AND PERFORMANCE MEASURES Bilia applies guidelines from ESMA (European Securities and Markets Authority) concerning alternative perfor- mance measures (APMs). Even though these perfor- mance measures are not defined or specified by IFRSs, Bilia believes that they provide valuable information to investors and Bilia’s management as a complement to IFRSs for assessing Bilia’s performance. Acquisition-related costs and value adjustments Pertains to costs for legal consultants and other external costs associated directly with an acquisition, and value adjustments regarding acquired inventory assets, which are depreciated over the turnover rate of the asset. Amortisation of surplus values Occurs in connection with acquisitions of operations and is recognised under intangible assets. Capital employed Balance sheet total less non-interest-bearing liabilities and provisions as well as deferred tax liabilities. Comparable operations Financial information and number of units that are adjusted for operations that have been acquired or dis- posed of during one of the periods. Deliveries Cars that have been physically turned over to the custom- er and invoiced and are included in reported net turnover. EBITDA Operational earnings plus total depreciation/amortisa- tion less amortisation of surplus values and depreciation of leased vehicles with repurchase agreements. Equity/assets ratio Equity in relation to balance sheet total. Excluding IFRS 16 Information excluding the accounting standard IFRS 16 Leases. Gain from sale of operation Difference between purchase consideration and the oper- ation’s consolidated carrying amount, less selling costs. Growth Increase or decrease of net turnover in relation to the preceding year. Liquidity Unutilised credit with Nordea and DNB and cash and cash equivalents. Net debt Net debt consists of interest-bearing liabilities less cash and cash equivalents, interest-bearing current and long- term receivables, interests in associated companies and leased vehicles. Performance measures that include interest-bearing liabilities are calculated excluding the effect of transaction costs and premium calculated according to the effective interest method. Operating cash flow Cash flow from operating activities plus investments in and disposals of intangible assets and property, plant and equipment. Operating margin Operating profit in relation to net turnover. Operational earnings Operating profit, excluding revenues and costs that affect comparability and excluding result from interests in joint ventures between accounting periods and/or operating segments. Revenues and costs that affect comparability between accounting periods and/or operating segments include, but are not limited to, acquisition-related expens- es, value adjustments, restructurings and amortisation of surplus values. For the business areas operational earn- ings are the only result measurement in use. Operational margin Operational earnings in relation to net turnover. For the business areas the operational margin is called “Margin”. Order backlog New cars ordered by the customer but not yet delivered. Organic growth Net turnover is adjusted for operations that have been acquired or disposed of during one of the periods. Adjust- ment is also made for exchange rate differences and for calendar effect. Organic growth reported under Quar- terly review for the Service Business relates to Sweden and Norway. Return on capital employed Operating profit plus interest expense included in the business and financial income in relation to average capital employed. Return on equity Net profit for the year in relation to average equity. Service subscriptions Service subscriptions where customers have or are thought to have their servicing done at a Bilia facility. Structural costs Costs that significantly alter the thrust and/or scope of the operations. Examples of structural costs may be costs for reducing the number of employees and costs for vacating a leased facility before the expiration of the lease. Underlying values Values that are adjusted for operations that have been acquired or disposed of during one of the periods. Ad- justment is made for exchange rate differences, where applicable. Reconciliation of performance measures can be found at bilia.com/en/investors/financial-information/ BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 28 (31) ===== SIDA 29 ===== ADDITIONAL DISCLOSURES Press and analyst meeting On Wednesday 23 October 2024 Bilia arranges press and analyst meetings via Financial Hearings, where CEO Per Avander and CFO Kristina Franzén will present the report and answer questions. The presentation starts at 09:00 CEST. If you wish to participate via webcast, please use the link below. Via the webcast you can ask written questions. https://ir.financialhearings.com/bilia-q3-2024 If you wish to participate via teleconference, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference. https://conference.financialhearings.com/teleconfer - ence/?id=50048589 Contact For further information please contact: Carl Fredrik Ewetz, Investor Relations +46 (0) 10 497 07 73, carl.fredrik.ewetz@bilia.se Per Avander, Managing Director and CEO +46 (0)10 497 70 00, per.avander@bilia.se Kristina Franzén, CFO +46 (0)10 497 73 40, kristina.franzen@bilia.se Additional disclosures Prospective information Prospective information in this report is based on management’s expectations at the time of the report. Even if the Board of Directors and management find the expectations to be reasonable, there is no guarantee that these expectations are or will turn out to be correct. Consequently, future outcomes may vary considerably compared with those foreseen in the prospective infor- mation due to such circumstances as a changed market situation for the Group’s services or more generally changed conditions relating to the economy, markets and competition, changes in legal requirements and oth- er political measures, as well as fluctuations in exchange rates. The company does not undertake to update or correct such prospective information other than what is stipulated by law. Translation This document is a translation of the Swedish original. In the event of any discrepancies between this translation and the Swedish original, the latter should prevail. Calendar Year-end Report October–December 2024: 5 February 2025 Interim Report January–March 2025: 25 April 2025 Annual General Meeting 2025 25 April 2025 Interim Report April–June 2025: 18 July 2025 Interim Report July–September 2025: 23 October 2025 This is information that Bilia AB (publ) is obliged to make public pursuant to the EU’s Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, on 23 October 2024, at 08:00 CEST. Gothenburg 23 October 2024 Per Avander Managing Director and CEO BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 29 (31) ===== SIDA 30 ===== REVIEW REPORT Auditor´s Review report Bilia AB (publ) corp. id. 556112-5690 Introduction We have reviewed the condensed interim financial information (interim report) of Bilia AB as of 30 September 2024 and the nine-month period then ended. The Board of Directors and the Managing Director are responsible for the prepara- tion and presentation of this interim report in accordance with IAS 34 and the Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial informa- tion consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and other generally accepted auditing practices and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim report is not prepared, in all material respects, for the Group in accordance with IAS 34 and the Annual Accounts Act, and for the Parent Company in accordance with the Annual Accounts Act. . Gothenburg 23 October 2024 Öhrlings PricewaterhouseCoopers AB Fredrik Göransson Authorized Public Accountant This document is a translation of the Swedish original. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail. BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 30 (31) ===== SIDA 31 ===== Bilia is one of Europe’s largest full-service suppliers for everything related to car ownership, with a leading position in servicing and sales of cars, transport vehicles and trucks. We offer the car owner service, repair, fuel, car wash, rental cars, tyres and wheels, rim repair, car accessories, car care, paint work, windscreen replacements, car dismantling and more. Bilia has about 170 facilities in Sweden, Norway, Luxembourg and Belgium plus one online auction site in Sweden. Bilia’s Service Business comprises a well-developed range of services and service concepts that are continuously developed to simplify car ownership for the customers. Bilia offers accessories and spare parts, original services and repairs, tyre hotels, rim repair, car glass repair along with other workshop services, store sales and e-commerce. Bilia’s Car Business comprises sales of new and used cars, transport vehicles and trucks, plus supplementary services such as financing and insurance. Bilia sells cars from Volvo, BMW, MINI, Toyota, Lexus, Mercedes-Benz, Porsche, Volkswagen, Audi, Skoda, Seat, Cupra, Nissan, Jaguar, Land Rover, XPENG as well as transport vehicles from Toyota, Mercedes-Benz, Volkswagen, Nissan and trucks from Mercedes- Benz. Bilia’s Fuel Business comprises fuel sales and car washes in Sweden. Bilia AB (publ) Box 9003, SE-400 91 Gothenburg, Sweden Visiting address: Norra Långebergsgatan 3, Västra Frölunda Telephone: +46 (0)10 497 70 00 bilia.com Corporate ID No.: 556112-5690 BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2024 31 (31)