Alimak : Annual Report 2021

Annual &

Sustainability

Report 2021

Moving people, material, and businesses safely to new heights.

IN BRIEF	STRATEGY & TARGETS	DIVISIONS	PEOPLE & CULTURE	SUSTAINABILIT Y	BOARD REPORT	FINANCIAL STATEMENTS	OTHER

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IN BRIEF	STRATEGY & TARGETS
Alimak Group in Brief	Trends and Driving Forces
The Group Across the World	The New Heights Programme
The Year in Brief	Our Customer Promises
The Year in Key Figures	Group Targets
CEO Letter 2021	and Progress 2021
	DIVISIONS
	Divisions - Year in Brief
	Construction Division
	Industrial Division
	BMU Division
	Wind Division

PEOPLE & CULTURE	BOARD REPORT
People & Culture	Directors' Report
- the Way We Reach	Risks and Risk Management
Our Strategic Targets
Key Initiatives 2021	Corporate Governance
Outlook 2022	Board
	Leadership Team
SUSTAINABILITY
Sustainability

• the DNA of Our Strategy Sustainable Relationships Sustainable Solutions Sustainable Operations Managing Sustainability EU Taxonomy

Board Signatures on the

Statutory Sustainability Report

Auditor's Report on the

Statutory Sustainability Statement

FINANCIAL STATEMENTS

Consolidated Statements of Comprehensive Income

Consolidated Statements of Financial Position

Consolidated Statements of Cash Flow

Consolidated Statements of Changes in Equity

Notes to the Consolidated Financial Statements

Parent Company

Income Statements

Parent Company Total

Comprehensive Income

Parent Company Balance Sheets

Parent Company

Cash Flow Statements

Statements of Changes in Parent Company Equity

Notes to the Parent Company Financial Statements

Board Signatures

Auditor's Report

OTHER

Key Figures

The Share

Information

to Shareholders

Definitions

Calendar The Annual General Meeting (AGM) for the 2021 financial year will be held on May 5, 2022.

The Interim Report for the period January-March 2022 will be published on April 27, 2022.

The Interim Report for the period January-June 2022 will be published on July 19, 2022.

The Interim Report for the period January-September 2022 will be published on October 20, 2022.

2 Annual Report 2021

Contact

[e-mail] Tel [phone] www.alimakgroup.com

Alimak Group AB ALIG, SE0007158910

In the event of any discrepancies between the Swedish and the English versions of the Annual Report, the Swedish version shall take precedence.

On the cover: Several Alimak Scando 650 and Alimak Mammoth construction hoists

- Newfoundland Tower, Canary Wharf, London UK.

IN BRIEF	STRATEGY & TARGETS	DIVISIONS	PEOPLE & CULTURE	SUSTAINABILIT Y	BOARD REPORT	FINANCIAL STATEMENTS	OTHER

Alimak Group in Brief

Alimak Group in Brief

The Group Across the World The Year in Brief

The Year in Key Figures CEO Letter 2021

Alimak Group is a world-leading provider of vertical access solutions for professional use, listed on Nasdaq OMX Stockholm. With a presence in more than 100 countries, the Group develops, manufact- ures, sells and services vertical access solutions with a focus on adding customer value through greater safety, higher productivity and resource efficiency.

Alimak Group´s products and solutions are sold under the brands Alimak, CoxGomyl, Manntech, Avanti and Alimak Service.

Founded in Sweden in 1948, the Group has its headquarters in Stockholm, ten production and assembly facilities in eight countries and 2,100 employees around the world.

Divisions

CONSTRUCTION

Under the Alimak brand, Construction develops, manufactures, sells, services and provides rentals of a wide range of construction hoists, platforms and mast climbing work platforms for temporary use in construction and renovation projects globally. We also offer sales of the Group's recycled construction products, mainly derived from its own rental fleet. It also offers services like assembly, disassembly, maintenance, operating assistance, transportation and insurance.

INDUSTRIAL

Under the Alimak brand, Industrial offers a wide range of lifts and platforms for permanent use across a broad spectrum of industries and harsh environments, including ports and shipyards, as well as power, oil & gas and cement. By working closely with customers and as we are represented in all our geographical regions, both in sales and service, we can offer our clients new equip- ment, and a complete solution customised for their specific environment and needs for up to 30 years.

BMU

The Manntech and CoxGomyl brands offer permanent building maintenance systems and facade access solutions for any building or structure, regardless of its size or complex- ity. We offer design, engineering, fabrication, testing, commissioning, and installation of a range of tailor-made solutions and services. Other services include maintenance pro- grammes, inspections, certifications, spare parts, refurbishments, equipment replace- ment, training, digital remote monitoring and asset management.

Share	30%
of Group
revenue

WIND

Wind offers access solutions for safe work in wind towers worldwide, onshore and offshore. Under the Avanti brand, we offer highly reliable products such as service lifts, vertical ladders and fall protection systems. Besides providing highly skilled services, Wind also offers training courses for main- tenance. Its large footprint allows an efficient supply chain for tower manufacturers and OEMs, as well as flexible and fast response for services.

Share	24%
of Group
revenue

3 Annual Report 2021

Share	28%						Share	18%
of Group							of Group
revenue							revenue

IN BRIEF	STRATEGY & TARGETS	DIVISIONS	PEOPLE & CULTURE	SUSTAINABILIT Y	BOARD REPORT	FINANCIAL STATEMENTS	OTHER

The Group Across the World

Alimak Group in Brief

The Group Across the World

The Year in Brief

The Year in Key Figures

CEO Letter 2021

Headquarters

100+ distributors

54 own sales offices

10 production

and assembly facilities

Alimak Group has a global network of sales offices and distrib-	It also benefits the customers through a unique combination
utors, reaching over 100 countries. The global organisation	of international and local service and support. The Group has
puts Alimak Group close to its customers and ensures good	an installed base of more than 70,000 units across the world.
knowledge of their business as well as long-term relationships.

4 Annual Report 2021

Revenues

MSEK

3,728

Revenue per Region %

A) Europe, 39	C
A
B) APAC, 35
C) Americas, 26
D) ROW, 0	B

Employees

2,057

Employees per Region %

		C
A) Europe, 58
B) APAC, 32	B	A
C) Americas, 10
D) ROW, 0

IN BRIEF	STRATEGY & TARGETS	DIVISIONS	PEOPLE & CULTURE	SUSTAINABILIT Y	BOARD REPORT	FINANCIAL STATEMENTS	OTHER

Alimak Group in Brief

The Year in Brief

The Group Across the World

The Year in Brief

The Year in Key Figures CEO Letter 2021

5 Annual Report 2021

Important Events 2021

Since January 2021, Alimak Group is organised into four customer-centred divisions: Construction, Industrial, BMU (Building Maintenance Units) and Wind.

Three new colleagues joined the company and leadership team.Thomas Hendel was appointed Chief Financial Officer as of May 17, Salomeh Tafazoli was appointed Executive Vice President for the Industrial division as of June 1, and Annika Haaker was appointed Chief People and Culture Officer in the new function People & Culture as of April 6. Former Executive Vice President for the BMU division, Mark Casey, left the company and Cameron Reid, previously BMU Manager Europe, took on the role of Interim EVP July 26.

In 2021, we increased our product development activities and launched new products, in close cooperation with our customers. This strategy has been very well received in the market. In April, our new industrial elevators for the emerging markets, ALIMAK SL-H 2000 and ALIMAK SL-H 3000, built on Alimak's trusted rack and pinion technology, were launched. The all-new ALIMAK SL-H is a passenger and freight elevator range suitable for tough operating environments. In November, a new scaffolding product for the construction industry was launched. The Alimak STS 300 Scaffold Transportation System is an innovative scaffolding transportation system offering a range of features which enhance safety in combination with increased efficiency.

Order Intake

MSEK

3,772

EBITA

MSEK

483

Cash Flow from Operations

MSEK

646