SANDVIK TO ACQUIREMINING-RELATED PART OFSCHENCK PROCESSSTRATEGY EXECUTIONSHIFT TO GROWTH• Focus on growth throughorganic and acquisitive
initiatives• Enhancing core offering andexpanding in the value chain• Drive digitalization,
sustainability and productivity
solutions in the customers
value chain
2WE MAKE
THE SHIFT
Advancing the world
through engineering

WORLD LEADING IN CRUSHING & SCREENING SOLUTIONSEXPLORE& PLANDRILL &BLASTROCK
SUPPORT

MATERIALS
HAULAGECRUSHING
SCREENING

ROCK EXTRACTION

ROCK PROCESSING
SRP

3GRINDINGSEPARATION

THE MINING-BUSINESS OFSCHENCK PROCESS

4LEADING PROVIDER OF HIGH-CAPACITY SCREENS
Overview

Geographic presence• Global provider of high-capacity screening,
feeding and screening media solutions
HQ• EBITA margin accretive to Sandvik SRP’smargin• High aftermarket content which includes
application support, screen refurbishment,
product engineering design and manufacturing
and digital support services

Main sites

Key facts~630 ~70%
Employees transferring
to SRP• Top tier customer base

AMERICAS

20%

Aftermarket business

>200m

EMEA

10%

Est. FY22 revenue (EUR)

ASIA PACIFIC

570%SELECTED PARTS OF MINING OFFERING
Aftermarket

Equipment

6

Vibrating screens

Vibrating feeders

Screening media

Refurbishment & service

Spare parts

Handle and classify large
quantities of materials throughvibrations. Ore, which enters at
the top, passes down in aneven mobile stream

Discharge heavy, highlyabrasive material in a controlled
and reliable manner and convey
material over a variety ofdistances

Panels that filter and categorize
materials by size and shape

Repair, replacement or minor
upgrades for extension ofmachinery lifetime

For components that can nolonger be refurbished SPG
Mining offers comprehensive
replacement portfolio to enable
full lifetime utilization

STRATEGIC FIT

Complementary offering (Tier 1) –equipment, parts & services offering

Digital solution with clear opportunity toleverage the existing SRP digital platform
Minimal customer application andgeographical overlap, strengthen thefootprint & market position
Customer value and profit logic driven bysame principles as SRP

7

STRENGTHEN CUSTOMER VALUE ADD
Currently a “product niche” player
Mining crushing & screening scope (T1)
Market position

Becoming a “full solutions provider”
within crushing and screening
Mining crushing & screening scope (T1)
Market position

Sandvik
Schenck Process

Crushing &screeningprocess

8

STRATEGIC RATIONALE
1 Fills a gap

Expand mining offering. Adds high-capacity screens, feeders and screening media to enable
a solutions provider position in the market. Complements Sandvik/Kwatani product range.

2 Financially sound

Relatively higher profitability vs peers. Good underlying growth, industry-leading profitability
and top-tier customers, all combined with a high customer loyalty

3 Grow recurring

Significant share of recurring aftermarket sales. Aftermarket sales incl. screening media,generating recurring revenue across the installed baserevenues

94 #1 potential

Strong market position. Well positioned to capture growth opportunities within copper and gold
segments, as well as in geographies outside Asia Pacific

5 Technology leadershipHigh quality products supported by digital offering. Attractive product offering with focus on
productivity, quality and safety that are well received by customers

TRANSACTION OVERVIEW& FINANCIAL IMPACT

10TRANSACTION OVERVIEW

TRANSACTIONCONSIDERATIONS•EV/EBITDA: Multiple including expected 5-year run-rate synergies is approximately 10x•

Estimated closing: Expected to close during the fourth quarter 2022, subject to relevant
regulatory approvals

FINANCIALIMPACT•

Financial impact: EBITA margin is accretive to SRP•

EPS impact: Impact on Sandvik’s EPS will initially be neutral•

Impact on the Group balance sheet: Group gearing at March 31 was 0.31
(incl. SMT). The deal will have an impact on the debt KPI:s as it is a 100% cash
deal. The credit metrices will remain at levels commensurate with the current
rating requirements.

11Q&A
12