WEBVTT

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2025 was a strong year for Sandvik.

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In a world marked by geopolitical
uncertainty and shifting trade conditions,

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we delivered solid growth, resilient
profitability and a robust cash flow.

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A clear proof of our
successful transformation

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into a faster, more flexible company.

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We delivered strong performance with
11 percent organic order intake growth.

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We reported 5 percent
organic revenue growth,

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and our adjusted operating
margin was 19.3 percent,

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a good level considering
significant currency headwind.

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Cash conversion
remained high at 95 percent

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and the cash flow of
21.2 billion SEK was strong.

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During the year, we
reaffirmed our financial targets

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and launched our new
strategy: Advancing to 2030,

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sharpening our focus on profitable growth,
innovation, and digital leadership.

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Safety continues to be our top priority,

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and our Total Recordable
Injury Frequency Rate

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was at an all-time low of 2.3.

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This achievement reflects our long-term
commitment to a safe work environment.

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Innovation remains
at the heart of Sandvik.

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In Mining, we launched fully electric
intelligent rotary blasthole drills

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and expanded our
AutoMine Surface Fleet capabilities.

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We also secured our largest ever
battery-electric mining equipment order.

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It strengthens our leadership
as the industry accelerates

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toward more digital, electrified
and autonomous operations.

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In Rock Processing, we introduced a fully
electric crushing and screening train,

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and an upgraded range of jaw crushers
that deliver improved reliability,

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throughput and ease of maintenance,

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which enhances our customers' productivity
and lowers the total cost of ownership.

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We also strengthened our
offering in demolition and recycling

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with the acquisition of
OSA Demolition Equipment.

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It will enhance our position and offering

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within the demolition
and recycling segments.

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In Machining and
Intelligent Manufacturing,

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we expanded our digital
capabilities with, for example Toolhive,

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a software solution to integrate tool
data across the manufacturing process.

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We continued to implement
AI across our solutions,

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for example with Mastercam Copilot,

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that helps our customers
to navigate the software

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to make it even easier to use.

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Several cutting tool innovations
were also launched during the year,

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like CoroDrill DE10
and Drion-tec D-Spade

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that improve both productivity and
resource efficiency for our customers.

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I want to thank our employees
for their outstanding efforts,

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and our customers and
shareholders for their continued trust.

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Together, we are advancing
the world through engineering,

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delivering sustainable solutions, strong
financial results, and long-term value.