SinterCast

Earnings Release • Aug 16, 2023

Four million Engine Equivalent milestone surpassed

Second Quarter 2023

• Revenue for Period: SEK 31.7 million (SEK 27.9 million)
• Operating Result: SEK 6.3 million (SEK 3.5 million)
• Earnings per Share: SEK 0.87 per share (SEK 0.90 per share)
• Cashflow from Operations: SEK 13.8 million (SEK 4.0 million), following improved payment terms from a major customer
• Dividend Payment: first instalment of SEK 2.75 per share (SEK 19.5 million) paid on 19 May 2023
• All-time high of 4.1 million Engine Equivalents in June
• Record production of 3.7 million Engine Equivalents in second quarter
• Nine consecutive quarters of year-on-year production increase
• Temporary decrease in volume expected 2H24; five million Engine Equivalents targeted for end-2025
• Investor Open House to be held at the SinterCast Technical Centre in Katrineholm, 21 September 2023

Year-to-Date 2023

• Revenue for Period: SEK 58.1 million (SEK 56.0 million)
• Operating Result: SEK 12.7 million (SEK 11.5 million)
• Earnings per Share: SEK 1.76 per share (SEK 2.02 per share)
• Cashflow from Operations: SEK 22.6 million (SEK 2.6 million)
• Dividend: Ordinary dividend of SEK 5.00 per share (SEK 4.50 per share) and extraordinary dividend of SEK 0.50 per share (SEK 0.50 per share), equivalent to SEK 39.0 million (SEK 35.5 million), to be paid in two equal instalments
• Installed Base: 57 (55) installations, (25 (24) fully automated systems, 25 (24) mini-systems and seven (seven) tracking systems) in 13 (14) countries

Key Facts and Figures

	April−June			January−June		January−December
Amounts in SEK million	2023	2022	%	2023	2022	2022	2021
Key Ratio
Series Production*	3.7	3.6	3%	3.5	3.4	3.5	3.1
Revenue**	31.7	27.9	14%	58.1	56.0	118.7	107.4
Operating result	6.3	3.5	80%	12.7	11.5	30.6	29.5
Operating margin %	19.8	12.5	58%	21.9	20.5	25.8	27.4
Return on shareholders' equity, %	6.1	5.5	10%	12.6	12.8	29.4	29.6
Earnings per share, SEK**	0.87	0.90	-3%	1.76	2.02	4.68	4.64
Dividend per share, SEK	2.75	2.50		2.75	2.50	5.00	4.00
Cashflow from operations per share, SEK	1.95	0.57	242%	3.19	0.37	3.59	4.63

* Annualised millions of Engine Equivalents.

** According to IFRS. All other key ratios and share data are defined as Alternative Performance Measures (APMs).

With effect from the 4Q 2022 Interim Report, USD/SEK forward contracts have been reclassified from 'financial net' to 'other operating cost/income'.

Comparison figures have been adjusted accordingly.

Definition of key ratios can be found in the Annual Report.

CEO Message

New benchmarks for series production

The second quarter delivered significant growth in series production, benefitting from stable volume from all of the main programmes and improving ramps from some of the new programmes. The quarter culminated with 4.1 million annualised Engine Equivalents (205,000 tonnes of shipped castings) in June to surpass the four million Engine Equivalent milestone for the first time. The second quarter finished at 3.7 million Engine Equivalents, providing 12% growth compared to the first quarter, setting a new record for quarterly volume, and extending the SinterCast streak to nine consecutive quarters of year-on-year series production increases. Sampling Cup volume also improved during the quarter with 49,500 units shipped, representing a 50% increase over the first quarter and indicating that customers have largely concluded their efforts to re-establish minimum stock levels following the normalisation of global supply chains. Together, the increases in series production, consumables shipments and favourable exchange rates resulted in a 14% increase in year-on-year revenue.

Despite that July is traditionally a slower month for series production due to summer shutdowns at some of our key customers, the recent strong series production was reinforced in July with annualised production of 3.8 million Engine Equivalents, and the shipment of 23,800 Sampling Cups. The July production marks a 7% increase compared to the previous high for July set in 2022, and a positive start to the second half of the year.

The second quarter finished at 3.7 million Engine Equivalents, providing 12% growth compared to the first quarter, setting a new record for quarterly volume, and extending the SinterCast streak to nine consecutive quarters of year-on-year series production increases.

Following production of 4.1 million Engine Equivalents in June, annualised series production for the first quarter finished at 3.7 million Engine Equivalents, providing a new all-time high and nine consecutive quarters of year-on-year growth.

With new product development activities in each of the passenger vehicle, commercial vehicle and off-road industrial power sectors, the outlook for series production is positive. In our home market in Sweden, the ramp-up of the new Traton Group 13 litre cylinder block and head accelerated during the second quarter as deliveries increased for both Scania and Navistar. Further increases are expected during the second half of the year and particularly in 2024 and 2025 following the onset of deliveries to MAN in Germany. Together with the 11 litre derivative of the engine, the Traton Group volume will provide one million incremental Engine Equivalents when full volume is reached. Although production of the new 11, 13 and 16 litre engines at First Automobile Works (FAW) in

China has not yet started, the FAW programmes also represent a significant growth opportunity, also with the potential to provide more than one million incremental Engine Equivalents.

While the overall outlook remains positive, it is now expected that one of our high volume programmes will reach its end-of-life stage during the second half of 2024. The expected conclusion of this programme will result in a temporary decrease in volume and a consequent delay with respect to our previous target to reach the five million milestone in 2024. As a result of this stoppage, we now expect to reach the five million milestone toward the end of 2025. Despite the temporary decrease, the production stop does not change our ability to reach the five million Engine Equivalent milestone or our ambition to reach the seven million Engine Equivalent target, with continued growth through 2030.

During the period, in-house activities intensified to strengthen the supply base to support the future market growth. The activities are related to the ordering of tooling for the production of the patented Sampling Cup, including new tooling at the current sole supplier in Sweden and the ongoing development of a second source for Sampling Cup production in Slovakia. The total investments for these proactive expansions amount to approximately SEK 2.0 million, of which SEK 0.5 million was allocated to the second quarter. The developments are expected to be completed before year-end.

Upturn in installation activities

The near-term outlook for installation revenue continues to improve, as several discussions for new CGI process control systems and capacity and functionality upgrades are ongoing. The current opportunities include the previously announced System 4000 installation at the Dongfeng Auto foundry in China which is now expected to be commissioned during the third quarter. One other extended trial of a CGI Mini-System has also been initiated in the industrial power sector, with the potential to result in a system sale before year-end. The GIFA World Foundry Trade Fair, held from 12 to 16 June 2023 has also resulted in a handful of new discussions for trials and potential installations for both CGI process control and for the SinterCast Ladle Tracker®. Although the outcome of the trials and the timing of the ongoing installation discussions is not yet defined, it is expected that the current opportunities will enable the average installation revenue during the 2024 to 2025 period to return to the historical level of approximately SEK 8 million per year.

Dr. Steve Dawson President & CEO

SinterCast is the world's leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). The properties of CGI enable improved transport solutions, increasing efficiency and reducing carbon emissions in passenger vehicle, commercial vehicle and industrial power applications. As a specialist supplier of precision measurement and process control solutions to the metals industry, SinterCast also supplies the SinterCast Ladle Tracker® and SinterCast Cast Tracker® technologies, to improve production efficiency and Industry 4.0 traceability in a variety of applications. With 57 installations in 13 countries, SinterCast is a publicly traded company, quoted on the Small Cap segment of the Nasdaq Stockholm stock exchange (SINT). For more information: www.sintercast.com

Financial Summary

Revenue

The revenue for the SinterCast Group relates primarily to income from series production, equipment, and engineering service.

Revenue Breakdown		April−June		January−June
(Amounts in SEK million)	2023	2022	2023	2022
Series production1	30.9	27.1	56.4	54.0
Equipment2	0.3	0.2	1.0	1.0
Engineering service3	0.5	0.6	0.7	1.0
Total	31.7	27.9	58.1	56.0
Number of Sampling Cups shipped	49,500	48,500	82,600	97,300

1. Includes revenue from consumables, production fees and software licence fees

2 Includes revenue from sold and leased CGI and Tracking systems and spare parts

1. Includes revenue from engineering service, demonstrations and test pieces

The April−June 2023 revenue increased by 14% to SEK 31.7 million (SEK 27.9 million). Series production revenue increased by 14% and amounted to SEK 30.9 million (SEK 27.1 million), following annualised series production of 3.7 million (3.6 million) Engine Equivalents and shipment of 49,500 (48,500) Sampling Cups, combined with favourable exchange rates. Equipment revenue amounted to SEK 0.3 million (SEK 0.2 million). Engineering Service amounted to SEK 0.5 million (SEK 0.6 million). Exchange differences had a positive effect of SEK 1.9 million (6%) on revenue during the period.

The January−June 2023 revenue increased by 4% to SEK 58.1 million (SEK 56.0 million). Series production revenue increased by 5% and amounted to SEK 56.4 million (SEK 54.0 million) following annualised series production of 3.5 million (3.4 million) Engine Equivalents and shipment of 82,600 (97,300) Sampling Cups. The increase in production volume and favourable exchange rates were partially offset by the 15% decrease in Sampling Cup shipments. Equipment revenue amounted to SEK 1.0 million (SEK 1.0 million). Engineering Service amounted to SEK 0.7 million (SEK 1.0 million). Exchange differences had a positive effect of SEK 4.2 million (8%) on revenue during the period.

Results

The business activities of SinterCast are best reflected by the Operating Result. This is because the "Result for the period after tax" and the "Earnings per Share" are influenced by the financial income and costs and by the revaluation of tax assets.

Results Summary	April−June		January−June
(Amounts in SEK million if not otherwise stated)	2023	2022	2023	2022
Operating result	6.3	3.5	12.7	11.5
Result for the period after tax	6.2	6.4	12.5	14.3
Earnings per share (SEK)	0.87	0.90	1.76	2.02

The April−June 2023 operating result increased by SEK 2.8 million to SEK 6.3 million (SEK 3.5 million). The gross result increased by SEK 3.0 million primarily due increased revenue and a 0.5% increase in gross margin percentage due to favorable exchange rates. Operating costs increased by SEK 2.7 million primarily related to personnel increases to secure the transition for two employees who retired during first half of 2023 and costs related to the GIFA world foundry trade fair, held every four years. Other operating costs and income combined contributed by SEK 2.4 million primarily due to the termination of the deferred purchase agreement with WHB resulting in a one-time impact of approximately SEK 4.9 million in the second quarter of 2022. The result for the period after tax decreased by SEK 0.2 million to SEK 6.2 million (SEK 6.4 million), primarily due to the SEK 2.8 million increase in operating result and lower tax income of SEK 3.0 million following the revaluation of the deferred tax asset in 2022.

The January−June 2023 operating result increased by SEK 1.2 million to SEK 12.7 million (SEK 11.5 million), due to the combined effect of a SEK 1.2 million increase in gross margin, SEK 3.0 million increase in operating costs and increased other operating cost of SEK 3.1 million primarily due to the aforementioned WHB termination. The result for the period after tax decreased by SEK 1.8 million to SEK 12.5 million (SEK 14.3 million), primarily due to the SEK 1.2 million increase in operating result and lower tax income of SEK 3.1 million following the revaluation of the deferred tax asset in 2022.

Cashflow, Liquidity and Investments

The January−June 2023 cashflow from operations increased by SEK 20.0 million, compared to the same period last year, due to the SEK 19.4 million decrease in working capital. The decrease is primarily due to a SEK 19.5 million decrease in customer receivables following reduced payment terms by a major customer from 90 days in 2022 to 60 days in 2023. Total investments amounted to SEK 3.4 million (SEK 1.6 million). Following the dividend payment of SEK 19.5 million, total cashflow amounted to SEK -0.7 million (SEK -17.5 million). Liquidity on 30 June 2023 was SEK 13.5 million (SEK 10.0 million). The opening balance liquidity amounted to SEK 14.2 million (SEK 27.5 million). SinterCast currently has no loans. As an additional liquidity buffer, an overdraft credit facility in the amount of SEK 12.5 million was established during the fourth quarter of 2022. Together, the liquidity plus the overdraft credit facility provide effective liquidity of SEK 26.0 million.

Cashflow Summary	January−June		∆
(Amounts in SEK million if not otherwise stated)	2023	2022	2023 vs 2022
Cashflow from operations, before change in working capital	14.5	13.8	0.6
Change in working capital	8.2	-11.2	19.4
Cashflow from operations	22.6	2.6	20.0
Cashflow from investing activities	-3.4	-1.6	-1.8
Cashflow from financing activities	-19.9	-18.6	-1.3
Cashflow total	-0.7	-17.5	16.7
Liquidity, opening balance	14.2	27.5
Liquidity	13.5	10.0

Income Tax and Deferred Tax Asset

Tax costs for the January−June 2023 period amounted to SEK -0.1 million (SEK 3.0 million). The estimated future taxable profit and deferred tax asset calculation is reassessed every quarter. As of 30 June 2023, SEK 248.0 million

(SEK 248.0 million) of the SinterCast total carried-forward tax losses are the basis of the updated calculation, resulting in SEK 51.1 million (SEK 51.1 million) being capitalised as a deferred tax asset. The deferred tax asset calculation is based on historical ten-year average currency rates.

Risks and Uncertainty Factors

Uncertainty factors for SinterCast include the timing of OEM decisions for new CGI engines and other components, adherence to start-of-production dates and ramp projections, the global economy for new vehicle sales, technology trends and emissions legislation, the individual sales success of vehicles equipped with SinterCast-CGI components, and the possibility that the volume of existing programmes may decrease or prematurely come to endof-life.

Material shortages, energy costs, inflation, interest rate and economic uncertainties, the geopolitical instability exacerbated by the Russian invasion of Ukraine and the remaining effects of the Covid-19 pandemic constitute the dominant near-term risk factors for the global foundry and automotive industries. While it is not yet possible to quantify the impact of these factors on the near-term market development, SinterCast remains confident in the longterm growth of CGI. Other factors that may influence the market risk for SinterCast and its end-user industries include automotive trade union negotiations in the US during the second-half of 2023, the renegotiation of international tariffs and free-trade agreements on vehicle sales, climate change legislation and the associated growth of alternative powertrain technologies, and the overall demand for goods transportation.

No significant risk of material adjustment to the carrying amounts of assets and liabilities has been identified at the balance sheet date and no costs have been taken to the profit and loss due to Covid-19 or the Russian invasion of Ukraine.

For additional risk and uncertainty factor information, see the SinterCast Annual Report.

Organisation

With successful high volume CGI production in customer foundries located in Europe, Asia and the Americas, SinterCast has established a global organisation with employees and offices in Sweden, the United Kingdom, the United States, China, Korea and Germany. As of 30 June 2023, the Group had 31 (31) employees, 7 (7) of whom are female. Personnel increases were previously made to secure the transition for two employees who retired during the second quarter of 2023. As of 1 July 2023, the number of employees became 30 (31). Further reductions in headcount and operating costs were implemented at the start of the third quarter of 2023. Benefitting from accumulated experience and efficiency improvements, SinterCast remains well positioned to support global market activities and to drive the future growth of the company.

Parent Company

SinterCast AB (publ) is the Parent Company of the SinterCast Group, with its registered office located in Stockholm, Sweden. On 30 June 2023, the Parent Company had 26 (26) employees. The average number of employees during the period was 26 (25). The majority of the operations are managed by the Parent Company while local operations in the United Kingdom, United States, Korea and China are managed by the local companies. The information given for the Group in this report corresponds in all material respects to the Parent Company. However, the result for the period may differ between the group and the Parent Company due to intercompany transactions between the Parent Company and its subsidiaries.

The Share and Analysts

The SinterCast share has been listed and quoted on the Small Cap segment of the Nasdaq Stockholm stock exchange, since 26 April 1993. SinterCast share capital is SEK 7,090,133 at par value of SEK 1 per share. ABG Sundal Collier is the appointed liquidity provider for the SinterCast share.

The following analysts are covering SinterCast: Adrian Gilani at ABG Sundal Collier, adrian.gilani@abgsc.se, +46 8 566 286 92 Per Bernhult at Stockpicker, staff@stockpicker.se, +46 8 662 06 69

Accounting Principles

The information provided on behalf of the group in this interim report has been prepared in accordance with Sweden's Annual Accounts Act and IAS 34 Interim Financial Reporting. The reporting for the Parent Company has been prepared in accordance with Sweden's Annual Accounts Act, chapter 9 interim report, and RFR 2. The accounting policies that have been applied for the group and the Parent Company agree with the accounting policies used in the preparation of the company's latest Annual Report. With effect from the 4Q 2022 Interim Report, the income statement has been reclassified. Revaluation changes of customer receivables (USD to SEK) are presented in other operating costs and income. To mitigate these currency effects, forward contracts have been established. In order to include the net currency effects in the operating result, the unrealised revaluation changes in forward contracts are now disclosed in other operating costs and income instead of in the financial net. Comparison figures have been recalculated accordingly. This change also influences the cashflow statements.

Fair Value Measurement of Financial Assets and Liabilities

The group has Financial assets consisting of derivative instruments (included in other debtors or other creditors) and commercial papers and fixed income instruments. The fair value of derivative instruments, not traded on an active market, is based on observable market currency rates. Cash flows are discounted using market interest rates. Commercial papers and fixed income instruments are traded on an active market and the fair value is determined by available market prices. These effects are recognised in the profit & loss statement.

Rounding

The total amount shown in tables and statements may not always sum to the same value due to rounding differences. The primary objective is for each line item to correspond to the source. This may sometimes result in rounding or truncation differences in the total.

Alternative Performance Measures are defined and included in this report in the Key Ratio and Share Data tables. More information of Accounting Policies is included in the Annual Report 2022, pages 52-60.

Material Transactions and Events during the Period

The Annual General Meeting (AGM) of the shareholders, held on 16 May 2023, re-elected Robert Dover, Jun Arimoto, Steve Gill and Steve Dawson as Board Members for the period until the end of the next AGM. Robert Dover was elected as Chairman of the Board. The AGM elected Anna-Maria Heidmark Green as a new ordinary Board Member for the period until the next Annual General Meeting.

The Annual General Meeting (AGM) of the shareholders decided on an ordinary dividend of SEK 5.00 per share (SEK 4.50 per share) with an extraordinary dividend of SEK 0.50 (SEK 0.50 per share), representing a distribution

of SEK 39.0 million (SEK 35.5 million) to the shareholders of SinterCast AB (publ) for the financial year 2022. The dividend will be distributed in two equal payments of SEK 2.75 per share, with the record date 19 May 2023 for the first payment and the record date 10 November 2023 for the second payment.

Material Transactions and Events after the Balance Sheet Date

No material transactions have taken place between SinterCast and the Board or the Management during the period. There have been no significant events since the balance sheet date of 30 June 2023 that could materially change these financial statements. The following press releases have been issued:

5 July 2022 – SinterCast breaks four million Engine Equivalent milestone

Outlook Guidance

The four million milestone has been achieved and we now set our sights on reaching the five million milestone toward the end of 2025. In perspective, from the start of our series production in 1999, it took 11 years to reach the one million milestone, five years to reach two million, and four years for each of the three million and four million steps. With the planned acceleration in our production, we expect to achieve the next one million step in less than 2.5 years. Despite the positive growth outlook, it is now expected that one of our high volume programmes will reach its end-of-life stage during the second half of 2024. The expected conclusion of this programme will result in a temporary decrease in volume and a consequent delay with respect to our previous target to reach the five million milestone in 2024. Despite the temporary decrease, the production stop does not change our ability to reach the five million Engine Equivalent milestone or our ambition to reach the seven million Engine Equivalent target, with continued growth through 2030. Several installation discussions are ongoing and, although the timing of the potential new installations is not yet defined, it is expected that the current opportunities will enable the average installation revenue during the 2024 to 2025 period to return the historical level of approximately SEK 8 million per year.

Previously Published (26 April 2023)

The attainment of the annualised four million Engine Equivalent milestone has been delayed and it is likely that the goal to reach the monthly five million Engine Equivalent milestone before the end of 2024 will also be delayed. Despite these delays, we remain confident in continued double-digit growth rates and in reaching the five million milestone, with growth beyond. While the outlook for both the near-term and long-term are positive, there is an inevitable churn rate with new programmes starting production and some existing programmes coming to end-oflife. Such changes do not affect the overall outlook. With new development activities in each of the passenger vehicle, commercial vehicle and off-road industrial power sectors, SinterCast targets the seven million Engine Equivalent milestone, with continued growth through 2030. Several installation discussions are ongoing and, although the timing of the potential new installations is not yet defined, it is expected that the current opportunities will enable the average installation revenue during the 2023 to 2025 period to return the historical level of approximately SEK 8 million per year.

Dividend and Dividend Policy

The Board's intention is to continue to provide an ordinary dividend to the shareholders, based primarily on the cashflow from operations. In the event that the Board considers that the liquidity exceeds the amount needed to support the operational requirements and strategic objectives, the Board has the option to propose an extraordinary dividend or a share buy-back to further adjust the liquidity. The first dividend was distributed in May 2011 for the financial year 2010 and an increasing ordinary dividend has been distributed since then. Since 2019, the dividend

has been distributed in two equal instalments. Considering the dividend approved at the AGM 2023, SinterCast will have distributed SEK 282.4 million to its shareholders, representing 111% of the operating result over the same period.

Information

Interim Reports Publication Date

July–September 2023 08:00 CET on 8 November 2023 October–December 2023 and Full Year Results 2023 08:00 CET on 27 February 2024 January–March 2024 08:00 CET on 24 April 2024 April–June 2024 08:00 CET on 21 August 2024

Investor Open House, Technical Centre, Katrineholm, Sweden 21 September 2023

This report has not been reviewed by the company's Auditors.

The Board of Directors and the CEO certify that the half-yearly financial report provides a true and fair overview of the operations, outlook, financial position and results of the Company and the group, and accurately describes the material risks and uncertainties that the Company and the companies in the group face.

Stockholm on 16 August 2023

Robert Dover Jun Arimoto Steve Gill Chairman of the Board Member of the Board Member of the Board

Anna-Maria Heidmark-Green Steve Dawson Member of the Board President & CEO

Member of the Board

For further information please contact:

Dr. Steve Dawson President & CEO SinterCast AB (publ) Office: +46 150 794 40 Mobile: +44 771 002 6342 e-mail: steve.dawson@sintercast.com website: www.sintercast.com Corp. Id. 556233-6494

This press release contains information SinterCast AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. This information was submitted for publication, through the agency of the President & CEO Dr. Steve Dawson, at on 16 August 2023.

Income Statement – Group

	April−June			January−June		January−December
Amounts in SEK million	2023	2022	2023	2022	2022	2021
Revenue	31.7	27.9	58.1	56.0	118.7	107.4
Cost of goods sold	-7.9	-7.1	-15.9	-15.0	-31.9	-31.3
Gross result	23.8	20.8	42.2	41.0	86.7	76.1
Cost of sales and marketing	-10.1	-7.6	-17.5	-14.6	-31.4	-26.6
Cost of administration	-3.0	-2.5	-5.2	-4.7	-10.2	-9.6
Cost of research & development	-2.6	-2.9	-5.2	-5.5	-10.7	-11.8
Other operating costs & income	-1.9	-4.3	-1.6	-4.7	-3.8	1.3
Operating result	6.3	3.5	12.7	11.5	30.6	29.5
Financial income	0.0	0.0	0.0	0.0	0.1	0.0
Financial costs	0.0	-0.1	-0.1	-0.2	-0.4	-0.5
Financial net	0.0	-0.1	-0.1	-0.2	-0.3	-0.5
Result before income tax	6.2	3.4	12.6	11.3	30.2	29.0
Income tax	0.0	3.0	-0.1	3.0	2.9	3.9
Result for the period	6.2	6.4	12.5	14.3	33.1	32.9
Result attributable to:
Equity holder of the parent company	6.2	6.4	12.5	14.3	33.1	32.9
Non-controlling interests	-	-	-	-	-	-
Earnings per share, SEK	0.87	0.90	1.76	2.02	4.68	4.64
Earnings per share, diluted, SEK	0.87	0.90	1.76	2.02	4.68	4.64
Number of shares at the close of the period, thousands	7090.1	7090.1	7,090.1	7090.1	7090.1	7090.1
Average number of shares, thousands	7090.1	7090.1	7,090.1	7090.1	7090.1	7090.1
Average number of shares, diluted	7090.1	7090.1	7,090.1	7090.1	7090.1	7090.1

With effect from the 4Q 2022 Interim Report, USD/SEK forward contracts have been reclassified from 'financial net' to 'other operating cost/income'. Comparison figures have been adjusted accordingly.

Statement of Result and Other Comprehensive Income – Group

		April−June		January−June		January−December
Amounts in SEK million	2023	2022	2023	2022	2022	2021
Result for the period	6.2	6.4	12.5	14.3	33.1	32.9
Other comprehensive income
Items may be reclassified to the income statement
Translation differences, foreign subsidiaries	0.0	0.1	0.0	0.1	0.2	0.2
Other comprehensive income, net of tax	0.0	0.1	0.0	0.1	0.2	0.2
Total comprehensive income for the period	6.2	6.5	12.4	14.4	33.3	33.2
Total comprehensive income attributable to:
Shareholder of the parent company	6.2	6.5	12.4	14.4	33.3	33.2
Non-controlling interests	-	-	-	-	-	-

Balance Sheet – Group

	30 Jun	30 Jun	31 Mar	31 Mar	31 Dec	31 Dec
Amounts in SEK million	2023	2022	2023	2022	2022	2021
ASSETS
Intangible assets	4.3	5.6	4.7	5.6	4.7	5.9
Tangible assets*	7.4	6.2	7.7	6.6	5.8	6.4
Other long term receivables	0.7	0.6	0.6	4.7	0.7	4.5
Deferred tax asset	51.1	51.1	51.1	48.1	51.1	48.1
Total fixed assets	63.5	63.5	64.2	65.1	62.2	64.9
Inventory	18.2	14.2	16.2	10.1	16.7	10.4
Short-term receivables	27.7	42.1	33.3	37.1	37.4	28.7
Short term deposits and cash at bank and in hand	13.5	10.0	20.1	24.5	14.2	27.5
Total current assets	59.4	66.2	69.7	71.7	68.3	66.6
Total assets	122.9	129.8	133.9	136.8	130.5	131.5
SHAREHOLDERS' EQUITY AND LIABILITIES
Shareholders' equity	85.4	110.5	118.2	121.6	111.9	113.8
Long term liabilities*	0.9	1.8	1.3	2.1	1.5	2.4
Current liabilities*	36.5	17.5	14.4	13.2	17.1	15.3
Total liabilities	37.4	19.3	15.7	15.2	18.5	17.7
Total shareholders' equity and liabilities	122.9	129.8	133.9	136.8	130.5	131.5

* Includes right of use assets (SEK 2.1 million) , long term lease liability (SEK 0.9 million) and short term lease liabilities (SEK 1.4 million)

Statement of Changes in Equity – Group

	Share	Paid in	Exchange	Cumulative
Amounts in SEK million	Capital	Capital	Differences	Results	Total Equity
Opening balance 1 January 2022	7.1	44.9	1.5	60.4	113.8
Total comprehensive income
Result for the period	-	-	-	14.3	14.3
Other comprehensive income	-	-	0.1	-	0.1
Total comprehensive income	-	-	0.1	14.3	14.4
Dividend	-	-	-	-17.7	-17.7
Closing balance 30 June 2022	7.1	44.9	1.6	57.0	110.5
Opening balance 1 January 2023	7.1	44.9	1.6	58.4	111.9
Other				0.1	0.1
Total comprehensive income
Result for the period	-	-	-	12.5	12.5
Total comprehensive income	-	-	0.0	12.5	12.4
Dividend	-	-	-	-39.0	-39.0
Closing balance 30 June 2023	7.1	44.9	1.6	31.9	85.4

Cashflow Statement – Group

		April−June		January−June		January−December
Amounts in SEK million	2023	2022	2023	2022	2022	2021
Operating activities
Operating result	6.3	3.5	12.7	11.5	30.6	29.5
Adjustments for items not included in the cash flow
Depreciation	0.7	1.0	1.9	2.2	4.3	3.8
Other	0.0	0.0	0.2	0.0	0.2	-0.5
Unrealised exchange rate differences	0.6	0.2	-0.1	0.4	0.9	-0.3
Received interest	0.0	0.0	0.0	0.0	0.1	0.0
Paid interest	0.0	-0.1	-0.1	-0.2	-0.4	-0.5
Paid income tax	0.0	0.0	-0.1	0.0	-0.1	-0.1
Total cashflow from operating activities	7.5	4.6	14.5	13.8	35.6	31.9
before change in working capital
Change in working capital
Inventory	-2.0	-4.1	-1.6	-3.7	-6.2	-1.0
Operating receivables	5.6	-0.9	9.8	-9.7	-5.7	1.8
Operating liabilities	2.7	4.4	0.0	2.2	1.8	0.1
Total change in working capital	6.3	-0.6	8.2	-11.2	-10.2	0.9
Cashflow from operations	13.8	4.0	22.6	2.6	25.4	32.9
Investing activities
Acquisition of intangible assets	-0.5	-0.3	-0.5	-0.6	-0.6	-1.9
Acquisition of tangible assets	-0.5	-0.1	-2.9	-1.0	-1.1	-0.8
Cashflow from investing activities	-1.0	-0.4	-3.4	-1.6	-1.7	-2.7
Financing activities
Payment lease liability	0.0	-0.5	-0.4	-0.9	-1.6	-0.7
Dividend	-19.5	-17.7	-19.5	-17.7	-35.5	-28.4
Cashflow from financing activities	-19.5	-18.2	-19.9	-18.6	-37.1	-29.1
Exchange rate differences in cash and cash equivalents	0.0	0.1	0.0	0.1	0.0	0.1
Cashflow for the period	-6.7	-14.5	-0.7	-17.5	-13.3	1.2
Cash - opening balance	20.1	24.5	14.2	27.5	27.5	26.3
Cash - closing balance*	13.5	10.0	13.5	10.0	14.2	27.5

* The cash and cash equivalents comprise short-term deposits and cash at bank and in hand

With effect from the 4Q 2022 Interim Report, USD/SEK forward contracts have been reclassified from 'financial net' to 'other operating cost/income'. Comparison figures have been adjusted accordingly.

Key Ratio and Share Data – Group

		April−June		January−June		January−December
Amounts in SEK million	2023	2022	2023	2022	2022	2021
Key Ratio
Revenue*	31.7	27.9	58.1	56.0	118.7	107.4
Operating result	6.3	3.5	12.7	11.5	30.6	29.5
Operating margin %	19.8	12.5	21.9	20.5	25.8	27.4
Result for the period*	6.2	6.4	12.5	14.3	33.1	32.9
Solidity, %	69.5	85.1	69.5	85.1	85.8	86.6
Shareholders' equity	85.4	110.5	85.4	110.5	111.9	113.8
Capital employed	85.4	110.5	85.4	110.5	111.9	113.8
Total assets	122.9	129.8	122.9	129.8	130.5	131.5
Return on shareholders' equity, %	6.1	5.5	12.6	12.8	29.4	29.6
Return on capital employed, %	6.1	5.5	12.6	12.8	29.4	29.6
Return on total assets, %	4.8	4.8	9.8	11.0	25.3	25.4
Employees
Number of employees at the end of the period	31	31	31	31	32	30
Data per Share
Earnings per share, SEK*	0.87	0.90	1.76	2.02	4.68	4.64
Dividend per share, SEK	2.75	2.50	2.75	2.50	5.00	4.00
Cashflow from operations per share, SEK	1.95	0.57	3.19	0.37	3.59	4.63
Share price at the end of the period, SEK	100.0	114.0	100.0	114.0	114.0	140.8

* According to IFRS. All other key ratios and share data are defined as Alternative Performance Measures (APMs).

Definition of key ratios can be found in the Annual Report.

Operating margin %	Weighted average of the number of shares outstanding for the
Operating results as percentage of revenue	period
Solidity %	Average number of shares adjusted for dilution
Adjusted shareholders' equity expressed as percentage of total	Weighted average of the number of shares for the period adjusted
assets end of period	for dilution
Equity per share	Earnings per share
Shareholders' equity divided by the average number of shares	Result for the period divided by the average number of shares
Capital employed	Earnings per share, diluted
Total assets less non-interest bearing liabilities	Result for the period divided by the average number of shares
Return on shareholders' equity %	adjusted for dilution
Result for the period as a percentage of average shareholders'	Dividend per share
equity. Quarterly values are not annualised	Dividend divided by the number of shares
Return on capital employed %	Cashflow from operations per share
Result for the period as a percentage of average capital employed	Cashflow from operations divided by the number of shares
Quarterly values are not annualised	Share price at the end of the period
Return on total assets %	Latest paid price for the SinterCast share at NASDAQ Stockholm
Result for the period as a percentage of total average assets.	Value presented as "0.0"
Quarterly values are not annualised	Amount below SEK 50,000
Average number of shares	Value presented as "-"
	No amount applicable

Income Statement – Parent Company

	April−June		January−June		January−December
Amounts in SEK million	2023	2022	2023	2022	2022	2021
Revenue	31.5	27.5	57.9	55.5	118.3	106.7
Cost of goods sold	-8.8	-7.4	-17.1	-15.3	-34.2	-32.5
Gross result	22.7	20.1	40.7	40.2	84.1	74.2
Cost of sales and marketing	-9.9	-7.8	-18.4	-14.8	-31.4	-26.6
Cost of administration	-2.8	-2.5	-5.0	-4.7	-10.2	-9.6
Cost of research & development	-2.6	-2.9	-5.2	-5.5	-10.7	-11.8
Other operating costs & income	-2.8	-5.4	-2.5	-6.1	-5.3	0.5
Operating result	4.6	1.4	9.6	9.2	26.4	26.7
Financial income	0.0	0.0	0.0	0.0	0.1	0.1
Financial costs	-0.1	0.0	-0.3	-0.1	-0.2	-0.1
Financial net	-0.1	0.0	-0.3	0.0	-0.1	0.0
Result before income tax	4.5	1.4	9.3	9.2	26.3	26.6
Income tax	0.0	3.0	0.0	3.0	2.9	4.0
Result for the period	4.5	4.4	9.3	12.2	29.2	30.6
Result attributable to:
Equity holder of the parent company	4.5	4.4	9.3	12.2	29.2	30.6
Non-controlling interests	-	-	-	-	-	-
Earnings per share, SEK	0.63	0.62	1.32	1.72	4.12	4.31
Earnings per share, diluted, SEK	0.63	0.62	1.32	1.72	4.12	4.31
Number of shares at the close of the period, thousands	7090.1	7090.1	7090.1	7090.1	7090.1	7090.1
Average number of shares, thousands	7090.1	7090.1	7090.1	7090.1	7090.1	7090.1
Average number of shares, diluted	7090.1	7090.1	7090.1	7090.1	7090.1	7090.1

With effect from the 4Q 2022 Interim Report, USD/SEK forward contracts have been reclassified from 'financial net' to 'other operating cost/income'. Comparison figures have been adjusted accordingly.

Statement of Result and Other Comprehensive Income – Parent Company

Amounts in SEK million	April−June		January−June		January−December
	2023	2022	2023	2022	2022	2021
Result for the period	4.5	4.4	9.3	12.2	29.2	30.6
Total comprehensive income for the period	4.5	4.4	9.3	12.2	29.2	30.6

Balance Sheet – Parent Company

	30 Jun	30 Jun	31 Mar	31 Mar	31 Dec	31 Dec
Amounts in SEK million	2023	2022	2023	2022	2022	2021
ASSETS
Intangible assets	4.3	5.6	4.7	5.6	4.7	5.9
Tangible assets	5.3	3.4	5.2	3.5	3.0	2.8
Other long term receivables	2.2	2.3	2.3	6.3	2.3	6.1
Deferred tax asset	51.1	51.1	51.1	48.1	51.1	48.1
Total fixed assets	62.9	62.3	63.3	63.5	61.1	62.9
Inventory	17.9	14.0	15.9	9.9	16.3	10.3
Short-term receivables	27.2	43.0	34.2	38.1	38.2	29.0
Short term deposits and cash at bank and in hand	11.2	7.1	18.3	21.1	11.8	23.8
Total current assets	56.3	64.1	68.4	69.1	66.4	63.0
Total assets	119.3	126.4	131.7	132.7	127.5	126.0
SHAREHOLDERS' EQUITY AND LIABILITIES
Shareholders' equity	67.0	97.3	101.5	109.9	96.6	102.9
Current liabilities	52.3	29.1	30.2	22.8	30.9	23.1
Total liabilities	52.3	29.1	30.2	22.8	30.9	23.1
Total shareholders' equity and liabilities	119.3	126.4	131.7	132.7	127.5	126.0

	Restricted Equity			Unrestricted Equity
			Reserve	Share	Results	Results
	Share	Statutory	Developm.	Premium	brought	for the	Total
Amounts in SEK million	Capital	Reserve	Costs	Reserve	Forward	Year	Equity
Opening balance 1 January 2022	7.1	9.5	5.0	35.3	15.3	30.6	102.9
Appropriation of last year's result	-	-	-	-	30.6	-30.6	0.0
Capitalised development costs	-	-	0.6	-	-0.6	-	0.0
Depreciation, development costs	-	-	-0.9	-	0.9	-	0.0
Total comprehensive income	-	-	-	-	-	12.2	12.2
Dividend	-	-	-	-	-17.7	-	-17.7
Closing balance 30 June 2022	7.1	9.5	4.8	35.3	28.4	12.2	97.3
Opening balance 1 January 2023	7.1	9.5	3.9	35.3	11.5	29.2	96.6
Appropriation of last year's result	-	-	-	-	29.2	-29.2	0.0
Capitalised development costs	-	-	0.5	-	-0.5	-	0.0
Depreciation, development costs	-	-	-0.8	-	0.8	-	0.0
Total comprehensive income	-	-	-	-	-	9.3	9.3
Dividend	-	-	-	-	-39.0	-	-39.0
Closing balance 30 June 2023	7.1	9.5	3.6	35.3	2.0	9.3	67.0

Statement of Changes in Equity – Parent Company