===== SIDA 1 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 1 THIRD QUARTER 2024 FIRST NINE MONTHS 2024 • Net sales were SEK 5,647 m (6,830); a decrease of -17%, of which -14% was organic growth. • Operating profit (EBITA1)) before items affecting comparability2) was SEK 483 m (973), corresponding to a margin of 8.6% (14.3%). • Operating profit (EBIT) was negatively impacted by a non-cash goodwill impairment of SEK 2,000 m. • Operating profit (EBIT) was SEK -1,673 m (788), corresponding to a margin of -29.6% (11.5%). The margin was 5.8% (11.5%) excluding the goodwill impairment. • Profit for the quarter was SEK -1,921 m (412). • Earnings per share were SEK -6.01 (1.29). Adjusted earnings per share3) were SEK 0.59 (1.71). • Operating cash flow was SEK 1,269 m (2,125). Cash flow was SEK -506 m (-1,961). A loan was amortized by USD 100 m in the quarter. • A restructuring program to accelerate strategy implementation is being assessed, details will be communicated before or in conjunction with the publication of the report for the fourth quarter 2024. • Net sales were SEK 19,835 m (22,448); a decrease of -12%, of which -11% was organic growth. • Operating profit (EBITA1)) before items affecting comparability2) was SEK 2,321 m (2,997), corresponding to a margin of 11.7% (13.4%). • Operating profit (EBIT) was negatively impacted by a non-cash goodwill impairment of SEK 2,000 m. • Operating profit (EBIT) was SEK-159 m (2,440), corresponding to a margin of -0.8% (10.9%). The margin was 9.3% (10.9%) excluding the goodwill impairment. • Profit for the period was SEK -1,205 m (1,281). • Earnings per share were SEK -3.77 (4.01). Adjusted earnings per share3) were SEK 3.56 (5.26). • Operating cash flow was SEK 3,445 m (4,718). Cash flow was SEK -569 m (223). • Net debt to EBITDA leverage ratio4) was 3.0x (2.9x) at the end of the period. At the end of the second quarter 2024 the ratio was 2.9x. FINANCIAL OVERVIEW Q3 Q3 YT D YTD LTM FY SEK m 2024 2023 2024 2023 2024 2023 Net sales 5,647 6, 830 19,835 22,448 25,162 27,775 Operating profit (E BITA¹ ⁾) before items affecting comparability²⁾ 483 973 2,321 2,997 2,787 3,463 % of net sales 8.6% 1 4.3% 11.7% 13.4% 11.1% 12.5% Operating profit (E BITA¹ ⁾) 475 940 2,286 2,904 2,678 3,296 % of net sales 8.4% 1 3.8% 11.5% 12.9% 10.6% 11.9% Operating profit (EBIT) -1,673 788 - 159 2,440 83 2,682 % of net sales -29.6% 11. 5% -0.8% 10.9% 0.3% 9.7% Profit for the period -1,921 4 12 -1,205 1,281 -1,154 1,332 Earnings per share, SEK -6.01 1 .29 -3.77 4.01 -3.61 4.17 Adjusted earnings per share, SEK³⁾ 0. 59 1.71 3.56 5.26 4.23 5.93 Cash flow for the period -506 - 1,961 -569 223 -788 4 Operating cash flow 1,269 2, 125 3,445 4,718 3,931 5,205 Net debt to EBITDA leverage ratio⁴⁾ 3. 0x 2.9x 3.0x 2.9x 3.0x 2.7x RoOC, excluding goodwill and trademarks 0.7% 20. 3% 0.7% 20.3% 0.7% 21.0% ⁴⁾F or specification see note 9 See definitions of measures and KPIs at the end of the report. See detailed reconciliation tables on www.dometicgroup.com/investors for reconciliation of non-IFRS measures to IFRS ²⁾S ee Note 6 Items affecting comparability ³⁾E xcludes the impact from amortization and impairment of acquisition-related intangible assets and items affecting comparability , for specification see note 8 ¹⁾B efore Amortization and impairment of acquisition-related intangible assets QUARTERLY REPORT Q3 2024 Solna, October 23, 2024 WEAKENED MARKET CONDITIONS IMPACTED FINANCIAL PERFORMANCE ===== SIDA 2 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 2 CEO COMMENTS As previously communicated our financial performance was severely impacted by weakened market conditions in the quarter. Despite the current market conditions, we remain committed to our strategic agenda. We continue to invest in product development and sales capabilities in strategic structural growth areas. At the same time we have reduced our workforce by more than 3,000 FTEs (Full time equivalents) over the past three years to improve efficiency. We will now accelerate the implementation of strategic improvements to take the next step on our transformation journey and a restructuring program is being assessed. Improvement activities will include cost reductions as well as an intensified focus to divest or exit non-strategic parts of our existing product portfolio. This will support margin expansion and release resources to invest and drive profitable growth and value creation in our strategic structural growth areas. We will come back with more detailed information about the program before or in conjunction with the publication of the report for the fourth quarter 2024. Organic net sales in the third quarter declined by 14 percent compared to the same quarter last year. The EBITA 1) margin fell to 8.6 percent (14.3), while operating cash flow was robust at SEK 1.3 b (2.1) compared to a strong third quarter 2023. The net debt to EBITDA leverage ratio was in line with expectations at 3.0x (2.9x). The cash flow focus remains high across the organization, and we are committed to achieving our net debt to EBITDA leverage ratio target of around 2.5x. In the Service & Aftermarket sales channel organic net sales declined by 11 percent compared to the same quarter last year. Retail inventories are lower than last year; however customers are cautious about building inventories ahead of the low season. Usage of boats and Recreational Vehicles (RVs) remains high, but in the current macroeconomic situation we are seeing more consumers focusing on essential repairs and deferring upgrades to a greater extent. Service & Aftermarket net sales in the Land Vehicles EMEA segment remained stable while there was a decline in the other segments. Organic net sales in the Distribution sales channel fell by 10 percent compared to the same quarter last year. Net sales in the Mobile Cooling Solutions segment slowed down during the quarter, negatively impacted by a lower sell through to consumers combined with retailers’ focus on managing inventories. We continue to keep our strong market leading position, and with several new products ramping up, and more products in the pipeline, we will be in a strong position when the high season starts in 2025. During the quarter we launched two new series of Dometic branded Mobile Cooling boxes. Demand in the OEM (Original Equipment Manufacturer) sales channel remained weak driven by the existing destocking situation globally. Organic net sales declined by 20 percent compared to the same quarter last year. As expected, we experienced an accelerated negative development in the quarter in the Land Vehicles EMEA and Land Vehicles APAC segments. The EBITA margin fell to 8.6 percent (14.3) as a consequence of lower net sales. In addition there was a significant negative impact on margin due to the decline in our Service & Aftermarket business. As a consequence of the macroeconomic situation and weakened market conditions, a non-cash goodwill impairment of SEK 2.0 b was performed in the quarter related to the Land Vehicles Americas segment. The impairment had no impact on EBITA, cash flow or on the net debt to EBITDA leverage ratio. Long-term trends in Mobile Living are strong as a growing number of consumers are enjoying the outdoors globally. However we expect the current challenging market conditions to remain throughout the year over a seasonally weak fourth quarter. In a market where the visibility is shorter than normal, we will stay proactive and continue to relentlessly drive our strategic agenda to deliver on our targets. Juan Vargues, President and CEO ¹⁾ Unless stated otherwise, EBITA refers to EBITA before items affecting comparability. NET SALES, SEK M OP. PROFIT (EBIT A) BEFORE I.A.C . OPERATING CASH FLOW , SEK M 0 10,000 20,000 30,000 40,000 0 2,000 4,000 6,000 8,000 10,000 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 LTMQ Quarterly Last 12 months (LTM) 0% 5% 10% 15% 0 200 400 600 800 1,000 1,200 1,400 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 LTMQ Quarterly SEK, M Margin, Last 12 Months (LTM) 0 2,000 4,000 6,000 8,000 0 500 1,000 1,500 2,000 2,500 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 LTMQ Quarterly Last 12 months (LTM) ===== SIDA 3 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 3 FINANCIAL SUMMARY – THIRD QUARTER 2024 Net sales were SEK 5,647 m (6,830), a decrease of -17% compared with the same quarter last year. This comprised -14% organic growth, -3% currency translation and 0% M&A. Gross profit was SEK 1,547 m (2,083) corresponding to 27.4% (30.5%) of net sales. The decline was mainly due to lower net sales leading to supply chain inefficiencies including increased factory cost variances. Sales and administrative expenses totaled SEK -890 m (-916). Investments in strategic structural growth areas continued and Sales and administrative expenses in percent of net sales increased to 15.8% (13.5%). Research and development expenses were SEK -142 m (-145) with continued investments in strategic structural growth areas. In addition Research and development expenses of SEK -13 m (-9) were capitalized in the quarter. In total, this corresponds to 2.7% (2.3%) of net sales. Other operating income and expenses were SEK -33 m (-48). Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was SEK 483 m (973) corresponding to a margin of 8.6% (14.3%). The decline was driven by lower net sales impacting the margin negatively in all segments. Amortization and impairment of acquisition-related intangible assets were SEK -2,148 m (-152). As a consequence of weakened market conditions, a non-cash goodwill impairment of SEK 2,000 m was performed in the quarter related to the Land Vehicles Americas segment. Items affecting comparability totaled SEK -8 m (-33). Operating profit (EBIT) was SEK -1,673 m (788). The corresponding margin was -29.6% (11.5%). The margin was 5.8% (11.5%) excluding the goodwill impairment of SEK 2,000 m. Financial items totaled a net amount of SEK -188 m (-184), whereof SEK -197 m (-246) in interest on external bank and bond loans. Other FX revaluations and other items amounted to SEK -34 m (13) and financial income amounted to SEK 43 m (48). Taxes totaled SEK -60 m (-192), corresponding to -3% (32%) of profit before tax. The tax rate was impacted by a goodwill impairment of SEK 2,000 m. Excluding the impairment, the tax rate was 43% (32%) as a consequence of a country mix with more taxable profits in higher tax jurisdictions and non-tax deductible interest costs. Current tax amounted to SEK -123 m (-133) and deferred tax to SEK 63 m (-59). Paid tax was SEK -237 m (-176). Profit for the period was SEK -1,921 m (412). Earnings per share were SEK -6.01 (1.29). Adjusted earnings per share were SEK 0.59 (1.71). Operating cash flow was SEK 1,269 m (2,125). The deviation, compared to a strong third quarter 2023, was mainly related to lower operating profit and less working capital reduction in the third quarter 2024 compared to the third quarter 2023. During the last 12 months, October 2023 - September 2024, average Core working capital in relation to net sales improved to 30% (32%). Cash flow was SEK -506 m (-1,961). Net cash flow from financing was SEK -1,484 m (-3,803). The net of paid and received interest was SEK -252 m (-288). The cash flow effect from short-term commercial papers was SEK -70 m (-). A term loan was amortized by USD 100 m in the quarter. A bond of EUR 300 m was repaid in the third quarter 2023. Net cash flow from investments was SEK -164 m (-224) of which SEK -56 m (-107) payments of deferred considerations related to acquisitions completed previous years and SEK -110 m (-118) related to investments in fixed assets. Significant events after the quarter. After conducting an assessment of the carrying value of Dometic’s assets and considering the macroeconomic situation and weakened market conditions highlighted in a press release September 17, Dometic announced on October 18 that a non-cash goodwill impairment of SEK 2.0 b would negatively impact the operating profit (EBIT) for segment Land Vehicles Americas in the third quarter 2024. Dometic will accelerate the implementation of strategic improvements to take the next step on its transformation journey and a restructuring program is being assessed. Improvement activities will include structural cost reductions as well as an intensified focus to divest or exit non- strategic parts of the existing product portfolio. This will support margin expansion and release resources to invest and drive profitable growth and value creation in strategic structural growth areas. Dometic will come back with more detailed information about the program before or in conjunction with the publication of the report for the fourth quarter 2024. There have been no other significant events that have impacted the financial reporting after the balance sheet date. FINANCIAL SUMMARY – FIRST NINE MONTHS 2024 Net sales were SEK 19,835 m (22,448), a decrease of -12% compared with the same period last year. This comprised -11% organic growth, 0% currency translation and 0% M&A. Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was SEK 2,321 m (2,997) corresponding to a margin of 11.7% (13.4%). Gross profit in percent of net sales was 27.9% (28.3%). Sales and Administrative expenses as well as Research and development expenses in percent of net sales increased impacted by increased investments in strategic structural growth areas and lower net sales. This was partly offset by efficiency improvements. Amortization and impairment of acquisition-related intangible assets were SEK -2,445 m (-463). As a consequence of weakened market conditions, a non-cash goodwill impairment of SEK 2,000 m was performed in the period related to the Land Vehicles Americas segment. Items affecting comparability totaled SEK -36 m (-94) and were mainly related to segments Land Vehicles Americas and Land Vehicles EMEA. Operating profit (EBIT) was SEK -159 m (2,440). The corresponding margin was -0.8% (10.9%). The margin was 9.3% (10.9%) excluding the goodwill impairment of SEK 2,000 m. Financial items totaled a net amount of SEK -673 m (-641), whereof SEK -630 m (-670) in interest on external bank and bond loans. Other FX revaluations and other items amounted to SEK -122 m (-52) and financial income amounted to SEK 79 m (82). Taxes totaled SEK -373 m (-519), corresponding to -45% (29%) of profit before tax. The tax rate was impacted by a goodwill impairment of 2,000 m. Excluding the impairment, the tax rate was 32% (29%) as a consequence of a country mix with more taxable profits in higher tax jurisdictions and non-tax deductible interest costs. Current tax amounted to SEK -558 m (-518) and deferred tax to SEK 185 m (-2). Paid tax was SEK -574 m (-584) corresponding to a paid tax rate of -69% (32%). Deferred tax recognized in the balance sheet on tax losses amounts to SEK 445 m of which SEK 182 m has been recognized in the period. The recognition is supported by future utilization based on business and strategic plans. Profit for the period was SEK -1,205 m (1,281). Earnings per share were SEK -3.77 (4.01). Adjusted earnings per share were SEK 3.56 (5.26). ===== SIDA 4 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 4 Operating cash flow was SEK 3,445 m (4,718). The deviation, was mainly related to lower operating profit and less working capital reduction in the first nine months of 2024 compared to the first nine months 2023. Cash flow was SEK -569 m (223). Net cash flow from financing was SEK -3,292 m (-3,384) including dividend paid SEK -607 m (-415). The net of paid and received interest was SEK -741 m (-660). The cash flow effect from short-term commercial papers was SEK 406 m (-). In the period Dometic repaid SEK 1,000 m of a long-term EKN-backed loan maturing in 2025. In addition, a term loan was amortized by USD 100 m in the period. Net cash flow from investments was SEK -408 m (-877) of which SEK -159 m (-525) payments of deferred considerations related to acquisitions completed previous years and SEK -260 m (-350) related to investments in fixed assets. Financial position. In March, 2024, Dometic refinanced part of its credit facilities agreement with its bank group: -A term loan of USD 333 m previously maturing in 2025, was extended until 2027 with option to extend two times, one year each time, and was amortized by USD 100 m in July 2024. -The RCF was increased by EUR 80 m to EUR 280 m. The credit facilities agreement for the term loan and the RCF was signed in March 2024 and came into effect in July 2024. This extended the debt maturity profile for Dometic. In addition, the floating rate term loan of USD 220 m and the RCF were both extended with one year by way of an extension option, both with an option to extend for another year. Dometic’s commercial papers program with a framework of SEK 3,000 m, had SEK 406 m (-) outstanding at the end of the period. Net debt to EBITDA leverage ratio was 3.0x (2.9x) at the end of the period. At the end of the second quarter 2024 the ratio was 2.9x. The average maturity of interest-bearing debts was 2.3 years (2.8) at the end of the period. Return on Operating Capital (RoOC) excluding goodwill and trademarks was 0.7% (20.3%). Excluding the goodwill impairment of SEK 2,000 m, the ratio was 17.6% (20.3%). Employees. Number of employees in terms of headcount was 7,259 (7,634) at the end of the period. ===== SIDA 5 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 5 FINANCIAL PERFORMANCE BY SEGMENT Compared to the restated financials communicated on March 27, 2024, an additional minor adjustment in historic financials for segments Land Vehicles APAC and Land Vehicles EMEA has been performed. On a full year 2023 basis, SEK 43 m in Net sales and SEK 6 m in EBITA before i.a.c. have been transferred from segment Land Vehicles EMEA to segment Land Vehicles APAC. These two segments have also been adjusted accordingly for 2023 by quarter and 2024 Q1. There is no change on the other reporting segments or on Group total. For updated segment financials, see https://www.dometicgroup.com/en-us/investors/financial-reports/restated-financials SEGMENT LAND VEHICLES AMERICAS THIRD QUARTER 2024 NET SALES AND OPERATING PROFIT Segment Land Vehicles Americas reported net sales of SEK 886 m (1,191), representing 16% (17%) of Group net sales. Total growth was -26%, of which -23% was organic growth, -3% currency translation and 0% M&A. The organic net sales decline was attributable to all sales channels. Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was SEK -73 m (20), corresponding to a margin of -8.2% (1.7%). The decline was due to lower net sales, partly offset by cost reductions. Operating profit (EBIT) was SEK -2,091 m (-1), corresponding to a margin of -235.9% (-0.1%) negatively impacted by a non-cash goodwill impairment of SEK 2,000 m. SEGMENT LAND VEHICLES EMEA THIRD QUARTER 2024 NET SALES AND OPERATING PROFIT Segment Land Vehicles EMEA reported net sales of SEK 1,421 m (1,638), representing 25% (24%) of Group net sales. Total growth was -13%, of which -12% was organic growth, -2% currency translation and 0% M&A. The organic net sales decline was driven by lower net sales in the OEM sales channel. Organic net sales in the Service & Aftermarket sales channel was stable compared to the same quarter last year. Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was SEK 93 m (207), corresponding to a margin of 6.5% (12.6%). The decline was due to lower net sales, partly offset by cost reductions and a sales mix with a higher share of net sales in the Service & Aftermarket sales channel. Operating profit (EBIT) was SEK 72 m (167), corresponding to a margin of 5.0% (10.2%). Q3 Q3 YTD YT D SEK m 2024 2023 R eported Organic¹⁾ 2024 2023 Reported Organic¹⁾ Land Vehicles Americas 886 1,191 - 26% -23% 2,751 3,398 -19% -18% Land Vehicles EMEA 1,421 1,638 - 13% -12% 4,956 5,370 -8% -8% Land Vehicles APAC 298 377 - 21% -19% 952 1,106 -14% -12% Marine 1,277 1,529 - 16% -13% 4,313 5,092 -15% -15% Mobile Cooling Solutions 1,242 1,429 - 13% -9% 4,972 5,391 -8% -7% Global Ventures 522 667 - 22% -19% 1,891 2,091 -10% -9% Net sales 5,647 6,830 -1 7% -14% 19,835 22,448 -12% -11% Land Vehicles Americas -73 20 - 180 -107 Land Vehicles EMEA 93 207 546 594 Land Vehicles APAC 77 121 274 346 Marine 247 367 959 1, 317 Mobile Cooling Solutions 91 145 475 527 Global Ventures 48 113 246 3 19 Operating profit (EBITA²⁾) b efore i.a.c.³ ⁾ 483 973 2,321 2,997 Land Vehicles Americas -8.2% 1.7% - 6.5% -3.1% Land Vehicles EMEA 6.5% 12.6% 11. 0% 11.1% Land Vehicles APAC 25.9% 32.1% 28. 8% 31.3% Marine 19.3% 24.0% 22. 2% 25.9% Mobile Cooling Solutions 7.3% 10.2% 9. 6% 9.8% Global Ventures 9.2% 16.9% 1 3.0% 15.3% Operating profit (EBITA) before i.a.c. % 8.6% 14.3% 11. 7% 13.4% Change (%) ¹⁾Net sales growth excluding acquisitions/d ivestments and currency translation effects . ²⁾Before amortization and impairment of acquisition-re lated intangible assets . ³⁾See note 4 for Operating profit ( E BIT) by segment and note 6 for details on i.a.c . (items affecting comparabilty) . Change (%) ===== SIDA 6 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 6 SEGMENT LAND VEHICLES APAC THIRD QUARTER 2024 NET SALES AND OPERATING PROFIT Segment Land Vehicles APAC reported net sales of SEK 298 m (377), representing 5% (6%) of Group net sales. Total growth was -21%, of which -19% was organic growth, -1% currency translation and 0% M&A. The organic net sales decline was mainly due to lower net sales in the OEM and Service & Aftermarket sales channels. This was partly offset by net sales growth in the Distribution sales channel. Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was SEK 77 m (121), corresponding to a margin of 25.9% (32.1%). The decline was due to lower net sales, partly offset by cost reductions. Operating profit (EBIT) was SEK 75 m (118), corresponding to a margin of 25.1% (31.4%). SEGMENT MARINE THIRD QUARTER 2024 NET SALES AND OPERATING PROFIT Segment Marine reported net sales of SEK 1,277 m (1,529), representing 23% (22%) of Group net sales. Total growth was -16%, of which -13% was organic growth, -4% currency translation and 0% M&A. The organic net sales decline was mainly due to lower net sales in the OEM sales channel. Organic net sales in the Service & Aftermarket sales channel showed a single-digit decline. Operating profit (EBITA) before amortization and impairiment of acquisition-related intangible assets and items affecting comparability was SEK 247 m (367), corresponding to a margin of 19.3% (24.0%). The decline was due to lower net sales, partly offset by cost reductions and a sales mix with a higher share of net sales in the Service & Aftermarket sales channel. Operating profit (EBIT) was SEK 196 m (318), corresponding to a margin of 15.4% (20.8%). SEGMENT MOBILE COOLING SOLUTIONS THIRD QUARTER 2024 NET SALES AND OPERATING PROFIT Segment Mobile Cooling Solutions reported net sales of SEK 1,242 m (1,429), representing 22% (21%) of Group net sales. Total growth was -13%, of which -9% was organic growth, -4% currency translation and 0% M&A. Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was SEK 91 m (145), corresponding to a margin of 7.3% (10.2%). The decline was due to lower net sales, partly offset by cost reductions. Operating profit (EBIT) was SEK 43 m (92), corresponding to a margin of 3.5% (6.4%). SEGMENT GLOBAL VENTURES THIRD QUARTER 2024 NET SALES AND OPERATING PROFIT Segment Global Ventures reported net sales of SEK 522 m (667), representing 9% (10%) of Group net sales. Total growth was -22%, of which -19% was organic growth, -3% currency translation and 0% M&A. The organic net sales in subsegment Mobile Power Solutions declined mainly due to lower net sales in the OEM sales channel. The organic net sales in subsegment Other Global Ventures declined due to lower net sales in the Residential business. Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was SEK 48 m (113), corresponding to a margin of 9.2% (16.9%). The decline was due to lower net sales. Operating profit (EBIT) was SEK 32 m (94), corresponding to a margin of 6.1% (14.1%). ===== SIDA 7 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 7 SUSTAINABILITY UPDATE Dometic's sustainability platform is encompassing three ESG focus areas: Planet (E), People (S) and Governance (G). These areas receive strong support from Group management and are embedded into daily operations through clear KPIs, goals, and activities. Progress on all established targets is reported externally via the Annual and Sustainability Report, with quarterly updates provided for five specific KPIs. The actual results, baselines, and targets in the table below, except for Product Innovation Index, exclude acquisitions made in 2021 and 2022. The integration of these acquired companies is underway, and for some KPIs, the actual results including these acquisitions are provided in the text below. LTIFR (Lost Time Injury Frequency Rate). LTIFR for the third quarter was 1.9 (1.9), with a target to be below 2.0. Injury prevention efforts within the organization persists, focusing on learning from past incidents, enhancing routines, and fostering an open dialogue and reporting climate. With the acquisitions made in 2021 and 2022, the actual result was 1.5. Share of female managers. The share of female managers has improved to 30% (28%). This result reflects the company’s commitment to fostering an equitable, just, and inclusive work environment. This initiative will be sustained, receiving dedicated support from all segments, with the overall aim of further enhancing the proportion of female managers within the organization. Including acquisitions made in 2021 and 2022, the share of female managers actual result was 30%. CO 2 ton4)/net sales SEK m. The emissions for Scope 1 and 2, in relation to net sales, have decreased to -45% (-46%), while absolute emissions have decreased by -46% (-39%), both compared to the baseline year (2020). Reductions have been achieved primarily through energy efficiency measures and a transition to renewable electricity sources. Product innovation index. Product innovation is an integral part of Dometic's sustainability strategy. Dometic's aim is to ensure that new products have a lower climate impact and improved energy efficiency compared to previous models, with a continued focus on energy consumption and complemented by research and development in alternative materials and new design solutions. The Product innovation index for the third quarter has improved to 20% (16%). Share of new suppliers being ESG audited. Dometic prioritizes the auditing of its suppliers to ensure that business partners understand and comply with Dometic’s Code of Conduct and sustainability requirements. During the third quarter of 2024, 87% (98%) of new critical direct material suppliers underwent ESG compliance audits, with satisfactory outcomes. Audits for the remaining new direct material suppliers are planned for the fourth quarter of 2024. 4) Scope 1 and 2 emissions represented by fuel combustion, electricity and district heating used on operation sites. Focus area KPI Actual result Previous year⁽²⁾ B aseline (Year)⁽³⁾ Target (Year) People LTIFR 1,9 1,9 2,4 (2021) <2.0 (2024) People Share of female managers 30% 28% 24% (2021) 27% (2024) Planet Reduction in CO₂ ton / net sales SEK m⁽¹⁾ -45% -46% 2,0 (2020) -30% (2024) Planet Product Innovation index 20% 16% n/a 25% (n/a) Governance Share of new suppliers being ESG audited 87% 98% n/a >90% (2024) ²⁾ Previous year refers to actual results for the same reporting period previous year. ¹⁾Adjusted for acquisitions and currency translation effects. ³⁾Baseline refers to actual results (and year) used as starting point for Dometic's targets. ===== SIDA 8 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 8 PARENT COMPANY DOMETIC GROUP AB (PUBL) THIRD QUARTER 2024 The Parent Company Dometic Group AB (publ) comprises the functions of the Group’s head office, such as Group management and administration. The Parent Company invoices its costs to the Group companies. Operating profit amounted to SEK 1 m (-1), including administrative expenses of SEK -51 m (-61) and other operating income of SEK 51 m (59), of which the full amount relates to income from Group companies. Net financial expenses totaled SEK 19 m (146). Result for the period amounted to SEK 25 m (-8). FIRST NINE MONTHS 2024 Operating profit amounted to SEK 5 m (-4), including administrative expenses of SEK -176 m (-168) and other operating income of SEK 182 m (164), of which the full amount relates to income from Group companies. Net financial expenses totaled SEK 1,623 m (-560) including a dividend of SEK 1,800 (-) from group companies. Result for the period amounted to SEK 1,634 m (-12). Solna, October 23, 2024 Juan Vargues President and CEO AUDITORS’ REVIEW REPORT (translation of Swedish original) Dometic Group AB (publ) reg. no. 556829-4390 Introduction We have reviewed the condensed interim financial information (interim report) of Dometic Group AB (publ) as of 30 September 2024 and the nine- month period then ended. The board of directors and the CEO are responsible for the preparation and presentation of the interim financial information in accordance with IAS 34 and the Swedish 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 the International Standard on Review Engagements ISRE 2410, Review of Interim Report Performed by the Independent Auditor of the Entity. A review 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, ISA, and other generally accepted auditing standards in Sweden. The procedures performed in a review do 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, in accordance with IAS 34 and the Swedish Annual Accounts Act, regarding the Group, and with the Swedish Annual Accounts Act, regarding the Parent Company. Stockholm, October 23, 2024 Öhrlings PricewaterhouseCoopers AB Patrik Adolfson Authorized Public Accountant Auditor in charge ANNUAL GENERAL MEETING 2025 Dometic Group’s Annual General Meeting will be held on April 15, 2025, in Stockholm. NOMINATION COMMITTEE – ANNUAL GENERAL MEETING 2025 In accordance with the resolution adopted by the 2024 Annual General Meeting (AGM), the Nomination Committee ahead of the 2025 AGM shall be composed of the Chairman of the Board of Directors together with one representative from each of the three largest shareholders, based on the ownership structure at August 31, 2024. Further details about the Nomination Committee are available on the website. www.dometicgroup.com ===== SIDA 9 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 9 CONSOLIDATED INCOME STATEMENT CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Net sales 5,647 6,830 19,835 22,448 27,775 Cost of goods sold -4,100 -4,747 -14,299 -16,103 -19,994 Gross Profit 1,547 2,083 5,536 6,345 7,781 Sales expenses -530 -540 -1,650 -1,694 -2,184 Administrative expenses -360 -377 -1,113 -1,174 -1,530 Research and development expenses -142 -145 -440 -449 -591 Other operating income and expenses -33 -48 -11 -30 -13 Items affecting comparability -8 -33 -36 -94 -167 Amortization and impairment of acquisition-related intangible assets -2,148 -152 -2,445 -463 -613 Operating profit -1,673 788 -159 2,440 2,682 Financial income 43 48 79 82 168 Financial expenses -232 -232 -752 -722 -968 Net financial expenses -188 -184 -673 -641 -800 Profit before tax -1,861 604 -832 1,800 1,883 Taxes -60 -192 -373 -519 -551 Profit for the period -1,921 412 -1,205 1,281 1,332 Profit for the period attributable to owners of the Parent Company -1,921 412 -1,205 1,281 1,332 Earnings per share before and after dilution, SEK - Owners of the Parent Company -6.01 1.29 -3.77 4.01 4.17 Adjusted earnings per share, SEK 0.59 1.71 3.56 5.26 5.93 Average number of shares, million 319.5 319.5 319.5 319.5 319.5 Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Profit for the period -1,921 412 -1,205 1,281 1,332 Other comprehensive income Items that will not be reclassified subsequently to profit or loss: Remeasurements of defined benefit pension plans, net of tax -13 35 33 52 8 -13 35 33 52 8 Items that may be reclassified subsequently to profit or loss: Cash flow hedges, net of tax - 35 4 20 3 Gains/losses from hedges of net investments in foreign operations, net of tax 260 156 -167 -438 156 Exchange rate differences on translation of foreign operations -1,381 -605 696 1,292 -1,507 -1,122 -415 533 874 -1,348 Other comprehensive income for the period -1,134 -380 566 926 -1,339 Total comprehensive income for the period attributable to the owner of the Parent Company -3,056 33 -639 2,206 -7 ===== SIDA 10 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 10 CONSOLIDATED BALANCE SHEET (IN SUMMARY) SEK m Sep 30, 2024 Sep 30, 2023 Jun 30, 2024 Dec 31, 2023 ASSETS Non-current assets Goodwill and trademarks 25,411 28,795 28,343 27,035 Other intangible assets 6,469 7,462 6,889 6,821 Tangible assets 2,369 2,541 2,489 2,494 Right-of-use assets 1,809 1,213 1,996 1,955 Deferred tax assets 862 513 790 718 Other non-current assets 250 183 175 181 Total non-current assets 37,170 40,707 40,683 39,204 Current assets Inventories 6,341 7,751 6,742 7,327 Trade receivables 2,630 3,083 3,843 2,311 Current tax assets 91 117 80 127 Derivatives, current 4 57 6 21 Other current receivables 396 532 446 533 Prepaid expenses and accrued income 197 250 203 248 Cash and cash equivalents 3,804 4,633 4,326 4,348 Total current assets 13,463 16,423 15,647 14,915 TOTAL ASSETS 50,633 57,130 56,330 54,119 EQUITY AND LIABILITIES EQUITY 24,746 28,205 27,802 25,992 LIABILITIES Non-current liabilities Long-term borrowings 12,494 17,066 13,874 16,335 Deferred tax liabilities 2,920 3,178 3,013 2,952 Other non-current liabilities 4 - 0 - Leasing liabilities, non-current 1,659 966 1,731 1,716 Provisions for pensions 488 494 487 517 Other provisions, non-current 233 232 242 237 Total non-current liabilities 17,797 21,937 19,347 21,755 Current liabilities Short-term borrowings 2,401 - 2,471 - Trade payables 2,403 2,738 2,882 2,568 Current tax liabilities 69 238 195 160 Advance payments from customers 33 70 29 37 Leasing liabilities, current 425 379 444 388 Derivatives, current 14 116 23 134 Other provision, current 441 497 435 412 Other current liabilities 999 1,417 1,176 1,266 Accrued expenses and prepaid income 1,306 1,533 1,528 1,407 Total current liabilities 8,090 6,988 9,183 6,372 TOTAL LIABILITIES 25,887 28,925 28,529 28,128 TOTAL EQUITY AND LIABILITIES 50,633 57,130 56,330 54,119 ===== SIDA 11 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 11 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (IN SUMMARY) YTD YTD FY SEK m 2024 2023 2023 Opening balance for the period 25,992 26,415 26,415 Profit for the period -1,205 1,281 1,332 Other comprehensive income for the period 566 926 -1,339 Total comprehensive income for the period -639 2,206 -7 Transactions with owners Dividend paid to shareholders of the Parent Company -607 -415 -415 Total transactions with owners -607 -415 -415 Closing balance for the period 24,746 28,205 25,992 ===== SIDA 12 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 12 CONSOLIDATED STATEMENT OF CASH FLOW Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Cash flow from operating activities Operating profit -1,673 788 -159 2,440 2,682 Adjustment for non-ca sh items Amortization, depreciation and impairment losses 2,372 383 3,136 1,132 1,525 Other non-cash items -193 -46 -146 174 -13 Cha nges in working ca pita l Changes in inventories 168 551 1,109 1,864 1,826 Changes in trade receivables 1,139 1,079 -298 -186 444 Changes in trade payables -409 -319 -197 -302 -328 Changes in other working capital -25 -193 261 -53 -304 Income tax paid -237 -176 -574 -584 -979 Net cash flow from operations 1,141 2,067 3,131 4,484 4,854 Cash flow from investments Acquisition of operations, net of cash acquired -56 -107 -159 -525 -539 Investments in fixed assets -110 -118 -260 -350 -628 Proceeds from sale of fixed assets 1 2 1 2 7 Other investing activities 1 -1 10 -4 -5 Net cash flow from investments -164 -224 -408 -877 -1,165 Cash flow from financing Raised long-term borrowings - - - 3,478 3,478 Repayment of long-term borrowings -1,056 -3,582 -2,056 -5,754 -5,754 Changes in short-term borrowings -70 - 406 - - Payment of lease liabilities related to lease agreements -69 -95 -245 -270 -355 Paid interest -263 -335 -776 -737 -922 Received interest 11 47 35 77 160 Other financing activities -38 163 -48 237 123 Dividend paid to shareholders of the Parent Company 0 - -607 -415 -415 Net cash flow from financing -1,484 -3,803 -3,292 -3,384 -3,685 Cash flow for the period -506 -1,961 -569 223 4 Cash and cash equivalents at beginning of period 4,326 6,614 4,348 4,399 4,399 Exchange differences on cash and cash equivalents -16 -21 24 10 -55 Cash and cash equivalents at end of period 3,804 4,633 3,804 4,633 4,348 ===== SIDA 13 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 13 PARENT COMPANY INCOME STATEMENT PARENT COMPANY BALANCE SHEET (IN SUMMARY) Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Administrative expenses -51 -61 -176 -168 -235 Other operating income 51 59 182 164 229 Operating profit 1 -1 5 -4 -6 Interest income from Group companies 174 237 583 659 855 Result from participation in group companies - - 1,800 - - Other financial income and expenses -156 -91 -760 -1,220 -1,198 Net financial expenses 19 146 1,623 -560 -343 Group contributions - -145 - 564 - Result before tax 19 - 1,628 - -349 Taxes 5 -8 5 -12 29 Result for the period 25 -8 1,634 -12 -320 Other comprehensive income - - - - - Total comprehensive income 25 -8 1,634 -12 -320 SEK m Sep 30, 2024 Sep 30, 2023 Jun 30, 2024 Dec 31, 2023 ASSETS Non-current assets Shares in subsidiaries 16,228 16,228 16,228 16,228 Other non-current assets 6,975 6,575 8,286 6,123 Total non-current assets 23,203 22,803 24,514 22,351 Current assets Current assets 4,365 6,268 4,552 5,740 Total current assets 4,365 6,268 4,552 5,740 TOTAL ASSETS 27,568 29,071 29,065 28,091 EQUITY 12,352 11,633 12,327 11,325 PROVISIONS Provisions 115 99 102 107 Total provisions 115 99 102 107 LIABILITIES Non-current liabilities Non-current liabilities 12,494 17,066 13,874 16,335 Total non-current liabilities 12,494 17,066 13,874 16,335 Current liabilities Current liabilities 2,607 274 2,763 324 Total current liabilities 2,607 274 2,763 324 TOTAL LIABILITIES 15,217 17,439 16,739 16,766 TOTAL EQUITY AND LIABILITIES 27,568 29,071 29,065 28,091 ===== SIDA 14 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 14 CONDENSED NOTES NOTE 1 | ACCOUNTING PRINCIPLES Dometic Group AB (publ) and its subsidiaries (together “the Dometic Group”, “Dometic” or “the Group”) applies International Financial Reporting Standards (IFRS), as endorsed by the European Union. This consolidated Interim Financial Report has been prepared in accordance with IAS 34 ‘Interim Financial Reporting’. The accounting and valuation principles in this interim report correspond to principles applied by the Group in the 2023 Annual and Sustainability Report and should be read in conjunction with that Annual and Sustainability Report, available at www.dometicgroup.com. The Swedish Annual Accounts Act and RFR 2 Accounting for Legal Entities, issued by the Swedish Financial Reporting Board, have been applied for the Parent Company. The interim report comprises pages 1– 21 and pages 1–13 are thus an integral part of this financial report (IAS 34.16A). Totals quoted in tables and statements may not always be the exact sum of the individual items because of rounding differences. The aim is for each line item to correspond to its source, and rounding differences may therefore arise. New or amended accounting policies for 2024 adopted by the group A detailed description of the accounting and valuation principles for new or amended accounting policies for 2024 applied by the Group in this interim report can be found in Note 2.1.1 Changes in accounting policies, New or amended accounting policies for 2024, of the 2023 Annual and Sustainability Report available at www.dometicgroup.com. NOTE 2 | RISKS AND UNCERTAINTIES Risks are part of any business and as a global Group with production and distribution all over the world Dometic faces risks that can impact its ability to achieve established strategic and other objectives, including financial targets. Effective risk management of strategic, execution, compliance & regulatory and reporting risks creates opportunities and effective risk mitigation. Dometic’s risks and risk management are described on pages 60- 64 and on pages 89-92 in the 2023 Annual and Sustainability Report, available at www.dometicgroup.com. As communicated before, ACON, the seller of Igloo, has filed a lawsuit against Dometic in the fourth quarter 2022, making certain claims related to the Stock Purchase Agreement (“SPA”). Dometic is confident that the lawsuit lacks any merit, is vehemently contesting this lawsuit and has filed counterclaims against ACON related to its conduct under, and non-compliance with, the SPA. The parties are currently involved in the discovery process and trial is expected to take place in the first quarter, 2025. As communicated September 17, 2024, the current macroeconomic situation and market conditions, including high interest rates, lower consumer spend and customer purchasing patterns, are having a negative impact on Group net sales. Long-term trends in the Mobile Living industry are strong. However the current macroeconomic situation, market conditions and customer purchasing patterns have a negative impact on the business in all sales channels, which is expected to remain throughout the year. Demand visibility has turned shorter than normal and the situation worsened during the third quarter as customers are cautious building inventories as the low season approaches. Dometic will accelerate the implementation of strategic improvements to take the next step on its transformation journey and a restructuring program is being assessed. Improvement activities will include structural cost reductions as well as an intensified focus to divest or exit non- strategic parts of the existing product portfolio. This will support margin expansion and release resources to invest and drive profitable growth and value creation in strategic structural growth areas. Dometic will come back with more detailed information about the program before or in conjunction with the publication of the report for the fourth quarter 2024. NOTE 3 | FINANCIAL INSTRUMENTS Dometic uses currency forward contracts to hedge part of its cash exposure as well as its exposure to forecasted purchases and sales in foreign currency. The fair values of Dometic’s derivative assets and liabilities were SEK 4 m (57) and SEK 14 m (116). The value of derivatives is based on published prices in an active market. No transfers between levels of the fair value hierarchy have occurred during the period. For financial assets and liabilities other than derivatives, fair value is assumed to be equal to the carrying amount. NOTE 4 | SEGMENT INFORMATION As communicated on March 27, 2024, all comparative periods have been restated according to the new segment reporting structure. Disclosures of segment information in Note 4 (see next page) has been restated accordingly. Sep 30, 2024 Balance sheet carrying amount Financial instruments at amortized cost Financial instruments at fair value Derivatives used for hedging Per category Derivatives 4 - 4 - Financial assets 7,080 7,080 - - Total financial assets 7,083 7,080 4 - Derivatives 14 - 3 11 Financial liabilities 18,301 17,566 735 - Total financial liabilities 18,314 17,566 738 11 ===== SIDA 15 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 15 SEGMENT INFORMATION Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Land Vehicles Americas 886 1,191 2,751 3,398 4,206 Land Vehicles EMEA 1,421 1,638 4,956 5,370 6,739 Land Vehicles APAC 298 377 952 1,106 1,478 Marine 1,277 1,529 4,313 5,092 6,492 Mobile Cooling Solutions 1,242 1,429 4,972 5,391 6,243 Global Ventures 522 667 1,891 2,091 2,616 Total Net sales, external 5,647 6,830 19,835 22,448 27,775 Land Vehicles Americas -73 20 -180 -107 -158 Land Vehicles EMEA 93 207 546 594 625 Land Vehicles APAC 77 121 274 346 454 Marine 247 367 959 1,317 1,626 Mobile Cooling Solutions 91 145 475 527 547 Global Ventures 48 113 246 319 370 Total Operating profit (EBITA) before items affecting comparability 483 973 2,321 2,997 3,463 Land Vehicles Americas -8.2% 1.7% -6.5% -3.1% -3.8% Land Vehicles EMEA 6.5% 12.6% 11.0% 11.1% 9.3% Land Vehicles APAC 25.9% 32.1% 28.8% 31.3% 30.7% Marine 19.3% 24.0% 22.2% 25.9% 25.0% Mobile Cooling Solutions 7.3% 10.2% 9.6% 9.8% 8.8% Global Ventures 9.2% 16.9% 13.0% 15.3% 14.1% Total Operating profit (EBITA) before items affecting comparability % 8.6% 14.3% 11.7% 13.4% 12.5% Land Vehicles Americas -2,018 -18 -2,053 -57 -75 Land Vehicles EMEA -14 -15 -42 -46 -60 Land Vehicles APAC -2 -2 -7 -6 -10 Marine -50 -49 -150 -149 -199 Mobile Cooling Solutions -47 -48 -141 -141 -189 Global Ventures -16 -19 -52 -63 -81 Total amortization and impairment of acqusition-related intangible assets -2,148 -152 -2,445 -463 -613 Land Vehicles Americas 0 -3 -17 -7 -11 Land Vehicles EMEA -7 -25 -13 -69 -131 Land Vehicles APAC 0 0 -3 -3 -4 Marine - 0 - 0 0 Mobile Cooling Solutions -1 -5 -3 -15 -22 Global Ventures - - - - - Total Items affecting comparability -8 -33 -36 -94 -167 Land Vehicles Americas -2,091 -1 -2,250 -171 -244 Land Vehicles EMEA 72 167 491 479 435 Land Vehicles APAC 75 118 265 336 441 Marine 196 318 810 1,168 1,427 Mobile Cooling Solutions 43 92 331 372 336 Global Ventures 32 94 194 256 289 Total Operating profit (EBIT) -1,673 788 -159 2,440 2,682 Land Vehicles Americas -235.9% -0.1% -81.8% -5.0% -5.8% Land Vehicles EMEA 5.0% 10.2% 9.9% 8.9% 6.4% Land Vehicles APAC 25.1% 31.4% 27.8% 30.4% 29.8% Marine 15.4% 20.8% 18.8% 22.9% 22.0% Mobile Cooling Solutions 3.5% 6.4% 6.7% 6.9% 5.4% Global Ventures 6.1% 14.1% 10.3% 12.2% 11.0% Total Operating profit (EBIT) % -29.6% 11.5% -0.8% 10.9% 9.7% Financial income 43 48 79 82 168 Financial expenses -232 -232 -752 -722 -968 Taxes -60 -192 -373 -519 -551 Profit for the period -1,921 412 -1,205 1,281 1,332 ===== SIDA 16 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 16 Inter -segment sales NOTE 5 | NET SALES BY SALES CHANNEL NOTE 6 | ITEMS AFFECTING COMPARABILITY Specification of items affecting comparability by function and other operating income and expenses Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Land Vehicles Americas 72 52 311 166 213 Land Vehicles EMEA 100 63 308 186 236 Land Vehicles APAC 428 647 1,730 1,952 2,457 Marine 28 6 71 26 31 Mobile Cooling Solutions 27 - 56 - - Global Ventures 7 - 11 - - Total eliminations 663 767 2,487 2,329 2,937 Q3 Q3 YT D YTD SEK m 2024 2023 R eported Organic¹⁾ 2024 2023 Reported Organic¹⁾ OEM 2,182 2, 828 -23% -20% 7,701 9,278 -17% -17% Distribution 1,696 1 ,952 -13% -10% 6,436 7,010 -8% -8% Service & Aftermarket 1,768 2, 051 -14% -11% 5,698 6,160 -8% -7% Total net sales, external 5,647 6, 830 -17% -14% 19,835 22,448 -12% -11% ¹⁾N et sales growth excluding acquisitions / divestments and currency translation effects. Change (%) Change (%) Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Global restructuring program - -25 - -74 -142 Other -8 -9 -36 -20 -25 Total -8 -33 -36 -94 -167 Global restructuring program Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Cost of goods sold - -17 - -62 -107 Sales expenses - -6 - -8 -27 Administrative expenses - -2 - -2 -5 Research and development expenses - - - - - Other operating income and expenses - 1 - -2 -2 Total - -25 - -74 -142 Other Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Cost of goods sold - -1 -24 -1 -1 Sales expenses - 1 1 2 3 Administrative expenses - - -1 - - Research and development expenses - - - - - Other operating income and expenses -8 -9 -12 -21 -28 Total -8 -9 -36 -20 -25 Total Q3 Q3 YTD YTD FY SEK m 2024 2023 2024 2023 2023 Cost of goods sold - -18 -24 -63 -108 Sales expenses - -5 1 -6 -24 Administrative expenses - -2 -1 -2 -5 Research and development expenses - - - - - Other operating income and expenses -8 -8 -12 -23 -30 Total -8 -33 -36 -94 -167 ===== SIDA 17 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 17 NOTE 7 | AMORTIZATION AND IMPAIRMENT OF ACQUISITION-RELATED INTANGIBLE ASSETS Specification of amortization and impairment of acquisition-related intangible assets by function and other operating income and expenses. NOTE 8 | ADJUSTED EARNINGS PER SHARE Specification of Adjusted earnings per share. Adjusted earnings per share excludes the impact from amortization and impairment of acquisition-related intangible assets and items affecting comparability. SEK m Impairment of Goodwill Amortization Trademarks Amortization of Customer Relationship Assets Amortization of Technology Amortization of Intellectual Property Total Cost of goods sold Q3 2024 - - - -1 8 -2 -20 Q3 2023 - - - -1 9 1 -18 YTD 2024 - - - -5 5 -3 -58 YTD 2023 - - - -5 5 -2 -57 FY 2023 - - - -7 3 -3 -77 Sales expenses Q3 2024 - -14 - 114 - - -127 Q3 2023 - -15 - 119 - - -134 YTD 2024 - -41 - 346 - - -387 YTD 2023 - -58 - 348 - - -406 FY 2023 - -71 - 465 - - -537 Other operating income and expenses Q3 2024 -2,000 - - - - - 2,000 Q3 2023 - - - - - - YTD 2024 -2,000 - - - - - 2,000 YTD 2023 - - - - - - FY 2023 - - - - - - Q3 2024 -2,000 -14 - 114 -18 -2 -2,148 Q3 2023 - -15 - 119 -19 1 -152 YTD 2024 -2,000 -41 - 346 -55 -3 -2,445 YTD 2023 - -58 - 348 -55 -2 -463 FY 2023 - -71 - 465 -73 -3 -613 Total amortization and impairment of acquisition-related intangible assets Q3 Q3 YT D YTD FY SEK m 2024 2023 2024 2023 2023 Profit before tax, reported -1,861 604 -832 1 ,800 1,883 A) Adjustment for amortization and impairment of acquisition-related intangible assets 2,148 15 2 2,445 463 613 B) Adjustment for items affecting comparability 8 33 36 94 16 7 Profit before tax, adjusted 295 789 1 ,648 2,357 2,663 Taxes, reported -60 - 192 -373 -519 -551 Taxes, adjustment for A) and B) -45 - 50 -139 -157 -218 Profit for the period, adjusted 190 548 1, 137 1,681 1,895 Average number of shares, million 319.5 31 9.5 319.5 319.5 319.5 Earnings per share, adjusted 0.59 1 .71 3.56 5.26 5.93 ===== SIDA 18 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 18 NOTE 9 | NET DEBT TO EBITDA LEVERAGE RATIO Specification of Net debt to EBITDA leverage ratio. SEK m Sep 30, 2024 Sep 30, 2023 Jun 30, 2024 Dec 31, 2023 Long-term borrowings 12,494 17,066 13,874 16,335 Short-term borrowings 2,401 - 2,471 - Add back capitalized transaction costs 44 47 41 43 Borrowings excluding capitalized transaction costs 14,939 17,113 16,386 16,377 Total cash and cash equivalents -3,804 -4,633 -4,326 -4,348 Net Debt* 11,135 12,480 12,060 12,029 EBITDA before items affecting comparability (i.a.c) LTM 3,723 4,335 4,221 4,374 EBITDA Acquisitions proforma LTM - - - - EBITDA before i.a.c. incl acquisitions proforma LTM 3,723 4,335 4,221 4,374 Net debt to EBITDA leverage ratio 3.0x 2.9x 2.9x 2.7x *Net debt excluding provision for pension and accrued interest ===== SIDA 19 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 19 NOTE 10 | RIGHT-OF-USE ASSETS Right-of-use assets information is specified below: NOTE 11 | TRANSACTIONS WITH RELATED PARTIES No transactions between Dometic and related parties that have significantly affected the company’s position and earnings took place during the first nine months 2024. NOTE 12 | ACQUISITIONS AND DIVESTMENTS Dometic has not made any acquisitions or divestments during the first nine months 2024. Effect on group cash flow The cash flow effect from paid deferred considerations is classified within Cash flow from investments on row “Acquisition of operations, net of cash acquired”. Cash flow effects from paid deferred consideration on previous acquisitions amounted SEK -159 m (-525) during the first nine months 2024. NOTE 13 | SIGNIFICANT EVENTS AFTER THE PERIOD After conducting an assessment of the carrying value of Dometic’s assets and considering the macroeconomic situation and weakened market conditions highlighted in a press release September 17, Dometic announced on October 18 that a non-cash goodwill impairment of SEK 2.0 b would negatively impact the operating profit (EBIT) for segment Land Vehicles Americas in the third quarter 2024. Dometic will accelerate the implementation of strategic improvements to take the next step on its transformation journey and a restructuring program is being assessed. Improvement activities will include structural cost reductions as well as an intensified focus to divest or exit non- strategic parts of the existing product portfolio. This will support margin expansion and release resources to invest and drive profitable growth and value creation in strategic structural growth areas. Dometic will come back with more detailed information about the program before or in conjunction with the publication of the report for the fourth quarter 2024. There have been no other significant events that have impacted the financial reporting after the balance sheet date. Amortization, depreciation & impairment losses Q3 Q3 YT D YTD FY SEK m 2024 2023 2024 2023 2023 Amortization, depreciation and impairment losses -2,372 -383 - 3,136 -1,132 -1,525 Add back depreciation related to right-of-use assets 94 97 292 280 381 Total -2,278 - 286 -2,845 -852 -1,143 Right-of-use assets SEK m Buildings 1,731 1,153 1,902 Machinery, equipment and other technical installations 79 60 53 Total 1,809 1,213 1,955 Sep 30, 2024 Sep 30, 2023 Dec 31, 2023 ===== SIDA 20 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 20 RECONCILIATION OF NON-IFRS MEASURES TO IFRS (ALTERNATIVE PERFORMANCE MEASURES) Dometic presents some financial measures in this interim report, which are not defined by IFRS. Dometic believes that these measures provide valuable additional information to investors and management for evaluating the Group’s financial performance, financial position and trends in the operations. It should be noted that these measures, as defined, may not be comparable to similarly titled measures used by other companies. These non -IFRS measures should not be considered as substitutes for financial reporting measures prepared in accordance with IFRS. See www.dometicgroup.com for the detailed reconciliation. Adjusted earnings per share Net profit for the period, excluding the impact from amortization and impairment of acquisition-related intangible assets and items affecting comparability, divided by average number of shares. See note 8. Average maturity of interest- bearing debts Interest-bearing debts excluding provisions for pensions and capitalized transaction costs divided by the number of outstanding days until maturity. Core working capital Consists of inventories and trade receivables less trade payables. Core work. capital/net sales Average core working capital from the previous four quarters divided by the last 12 months rolling net sales. EBITDA and EBITDA margin Operating profit (EBIT) before amortization and depreciation. Depreciation also includes depreciation of right-of-use assets in accordance with IFRS 16 Leases, divided by net sales gives corresponding margin. EBITA and EBITA margin Operating profit (EBIT) before amortization and impairment of acquisition-related intangible assets, divided by net sales equals the margin. EBITA bef i.a.c. and EBITA bef i.a.c. margin Operating profit (EBIT) before amortization and impairment of acquisition-related intangible assets and items affecting comparability, divided by net sales gives corresponding margin . Net debt Total borrowings incl provisions for pensions, accrued interest & capitalized transaction costs, less cash and cash equivalents. Net debt to EBITDA leverage ratio Net debt excluding provisions for pensions, accrued interest and capitalized transaction costs in relation to last twelve months EBITDA before items affecting comparability and including acquisitions proforma. Any cash deposits with tax authorities are treated as cash in the leverage calculation. See note 9. Operating cash flow Cash flow from operations after investments in fixed assets excluding income tax paid. Paid interest/received interest is par t of net cash flow from financing. Organic growth Net sales growth excluding acquisitions/divestments and currency translation effects. Quarters are calculated at comparable currency, applying the latest period average rate. RoOC – Return on Operating Capital Operating profit (EBIT) for the four previous quarters, divided by the average operating capital for the previous four quarte rs, excluding goodwill and trademarks. DEFINITIONS AND KEY RATIOS CO2 ton / net sales SEK m CO2 emissions from own operations (scope 1 and 2) divided by currency adjusted net sales. Rolling 12 months with one month delay in reporting. Excl. acquisitions made 2021 and 2022. Scope 1: direct emissions from sources such as emissions from natural gas combustion in the operations of Group’s manufacturing and production sites. Scope 2: indirect emissions from purchased electricity and district heating for offices, dormitories, manufacturing sites and distribution centers. CPV Commercial and Passenger Vehicles. Earnings per share (“EPS”) Net profit for the period divided by average number of shares. FY 2023 Full Year. January to December 2023 for Income statement. i.a.c. – items affecting comparability Items affecting comparability are events or transactions with significant financial effects, which are relevant for understan ding the financial performance when comparing profit for the current period with previous periods. Items included are for example restructuring programs, gains and losses from acquisitions or disposals of subsidiaries, or transaction costs related to major mergers and acquisitions. Interest-bearing debt Total borrowings (including capitalized transaction costs) and provisions for pensions . LTIFR Lost Time Injury Frequency Rate. Work related accidents with lost time >=1 day per million working hours. Rolling twelve months with 1 months delay in reporting. Excludes acquisitions made in 2021 and 2022. LTM Last twelve months. OEM Original Equipment Manufacturers. Operating capital Interest-bearing debt plus equity less cash and cash equivalents. Operating capital excluding goodwill and trademarks Interest-bearing debt plus equity less cash and cash equivalents, excluding goodwill and trademarks. Operating profit (EBIT) and corresponding margin Operating profit (EBIT) before financial items and taxes. Divided by net sales gives corresponding margin. Product innovation index Share of net sales last 12 months from products launched past three years. Q3 2024 and Q3 2023 July to September 2024 and 2023 for Income Statement. RV Recreational Vehicles. Share of female managers Percentage of female managers in the company at the end of each period. Excludes acquisitions made in 2021 and 2022. Share of new suppliers being ESG audited Percentage of new significant direct material suppliers that have been ESG audited (on -site, remote or 3rd party audits), with one month delay in reporting. Measuring period to be included as a new supplier is January 1, 2022 until end of 2024. Excludes acquisitions made in 2021 and 2022. Working capital Core working capital plus other current assets less other current liabilities and provisions relating to operations. YTD 2024 and 2023 January-September 2024 and 2023 for Income Statement ===== SIDA 21 ===== DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 21 PRESENTATION OF THE REPORT Analysts and media are invited to participate in a telephone conference at 09.00 (CEST), October 23 , 2024, during which President and CEO, Juan Vargues and CFO, Stefan Fristedt, will present the report and answer questions. To participate in the webcast/telephone conference, please dial in five minutes prior to the start of the conference call. The webcast URL and presentation are available at www.dometicgroup.com. Webcast link: https://dometic.videosync.fi/2024-10-23-q3-2024/register TO PARTICIPATE IN CONFERENCE CALL TO ASK QUESTIONS Those who wish to participate in the conference call to ask questions in connection with the webcast are welcome to register on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference. Registration link: https://service.flikmedia.se/teleconference/?id=100430 FOR FURTHER INFORMATION, PLEASE CONTACT Rikard Tunedal Head of Investor Relations Phone: +46 730 56 97 35 E-mail: rikard.tunedal@dometic.com Dometic Group AB (publ) Hemvärnsgatan 15 SE-171 54 Solna, Sweden Phone: +46 8 501 025 00 www.dometicgroup.com Corporate registration number 556829-4390 This information is information that Dometic Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CEST on October 23, 2024. This document is a translation of the Swedish version of the interim report. In the event of any discrepancy, the Swedish wording shall prevail. ABOUT DOMETIC Dometic is a global market leader in the mobile living industry. Millions of people around the world use Dometic products in Outdoor, Residential, and P rofessional applications. Our motivation is to create smart, sustainable, and reliable products with outstanding design for an outdoor and mobile lifestyle in the areas of Food & Beverage, Climate, Power & Control, and Other Applications. Dometic employs approximately 8,000 people worldwide, had net sales of SEK 27.8 billion in 2023 and is headquartered in Solna, Sweden. DISCLAIMER Some statements herein are forward -looking and the actual outcome could be materially different. In addition to the factors explicitly commented upon, the actual outcome could be materially affected by other factors, (a) changes in economic, market and competitive conditions, (b) success of busine ss and operating initiatives, (c) changes in the regulatory environment and other government actions, (d) fluctuations in exchange rates and (e) business risk management. FINANCIAL CALENDAR January 29, 2025 April 15, 2025 April 24, 2025 July 15, 2025 October 23, 2025 Q4 and full year 2024 report Annual General Meeting 2024 Interim report for the first quarter 2025 Interim report for the second quarter 2025 Interim report for the third quarter 2025