01

Big event of the year

02

Important data

Revenue（Million Swedish kronor）	112,332
Adjusted operating profit （Million Swedish kronor）	22,486
Earnings per share（Swedish krona）	10.24
Number of employees	40,489
Frequency of total work injuries	3.1
Proportion of employees trained in the Sandvik Code of Conduct	95%

03

Business area

1

Sandvik Mine and Rock Technology

World's leading equipment and tools、Parts、Service、Supplier of digital solutions and sustainability-driven technologies，Providing services to the mining and infrastructure industries。

51%

Proportion of revenue

50%

Proportion of adjusted operating profit

2

Sandvik Rock Treatment Technology

The world's leading rock processing equipment、Providers of services and technology solutions，Rock and mineral processing services for the mining and construction industries。

8%

Proportion of revenue

7%

Proportion of adjusted operating profit

 

3

Sandvik manufacturing and processing solutions

The world's leading metal-cutting tool and tooling system、Digital Manufacturing and Software Solutions，And disruptive technology providers such as additive manufacturing and online metering。

41%

Proportion of revenue

43%

Proportion of adjusted operating profit

04

President's comments

1

Unafraid of challenges，Strong revenue growth

2022，The global economic environment is complex and changeable.，It is full of challenges.。However，Sandvik goes forward，Achieve strong performance growth，And has taken a series of important measures to steadily promote the group strategy.。At the same time，We have also experienced a historic change.——Sandvik Materials Technology was renamedAlleimaAnd listed independently。

This year，We adjusted our new long-term financial goals.。Raise the growth target for a business cycle to an average of 7 percent%。The new profit target will be adjustedEBITAThe profit margin is set at 20-22%，And try to make the financial net debt/EBITDAControl at 1.Below 5。2022，Our adjusted operating profit(EBITA)An increase of 26%，Up to SEK 22.5 billion(17.8)。

August ，Sandvik Materials Technology was renamedAlleima，Listed on the Nasdaq Stockholm Stock Exchange。I firmly believe that forAlleimaAnd Sandvik，This is an important step towards success.，Will create long-term value for us。

We have identified the business areas that Sandvik needs to focus on.，In these areas, we will help our customers create more added value.，While leading the development of the industry，Provide more comprehensive solutions for customer value chain needs。

2

Organic growth，Vigorous and upward

On the mining side，We continue to be optimistic about the growth momentum of battery-powered equipment and automation solutions.。2022，We have made several big orders in these areas.，This includes our largest order to date in the field of battery-powered devices。These areas have great potential.，We will continue to invest and lead the development.。

Continuous development of Sandvik，It is inseparable from our continuous investment in research and development.。2022，We have invested 4.5 billion Swedish kronor in research and development.，4% of Group revenues%。2022，Sandvik's total order volume grew by 27 percent%，17 at constant exchange rates%，With an organic growth rate of 6%。This vigorous and upward organic growth，Demonstrates the strength of our innovative product portfolio。In recent years，We also focus on expanding parts.、Sales of services and consumables，Consolidate Sandvik's position in the hearts of customers，At the same time, it enhances the company's business flexibility.。

3

Acquire quality companies，Create new value

2022，We acquired the world's leading mine planning software companyDeswik，Leading company in battery managementAkkurate，Further strengthening our position in the mining industry。

We also acquiredSchenck Process Group (SP Mining)The mining business，This is a transformational acquisition in Sandvik's Rock Handling Technology business area，Is a part、The service and consumable business has injected tremendous growth potential.。

In the field of machining，We also completed a number of acquisitions.，Greatly enhanced our strength in automotive lightweight material processing。These acquisitions，Plus our acquisitions related to manufacturing software in 2021.，We have completed the relevant strategic layout.，Realize the design step by step、From planning to production、Validated full production cycle automation，Help customers continuously improve productivity。

4

In an uncertain economic environment，Maintain enterprise agility

Due to the increasing uncertainty of the external environment，We updated the company's contingency plan.，Be ready to deal with emergencies at any time。2022，Facing high cost inflation、Ongoing component shortages and supply chain、Disruption of shipping and logistics，We have once again demonstrated the resilience and flexibility of our business.。Benefiting from a decentralized organizational structure，We are able to respond quickly to these problems.。On the whole，We are comfortable with these challenges.，And through necessary price increases.，Offsetting a large part of the cost increase。This shows that，Our customers take us very seriously.。2022，Sandvik adjustedEBITAThe profit margin reached 20 percent.0（20.8）%。

Cost is our constant focus.。All the time，We are all working hard.，Strive to make Sandvik more competitive、More efficient，At the same time, the structure is more streamlined.。Given that the cost reduction targets set forth in the 2020 Organizational Restructuring Plan have all been met，We announced new structural adjustment measures in May.。The new measures are expected to save Sandvik 600 million kronor a year.，It will enter into full force in 2025.。Restructuring costs will amount to SEK 1.7 billion（2022 will cost 6.SEK 700 million，The rest will be spent in 2023.）。This will provide strong support for the company's strategic development.。

5

Take sustainable development as an opportunity，Open up more market opportunities

In Sandvik's opinion，Sustainability is a very important business opportunity.。Develop more secure and efficient solutions，Helps customers reduce resource usage，And improve productivity，It will also bring us more market opportunities.。Our Electrical Automation Solutions for the Mining Industry，It is the best evidence to promote sustainable development.。Our intelligent and automated component manufacturing process solutions also have great potential。

November，We submitted Sandvik's net zero target and plan to the Scientific Carbon Target Initiative.。The new targets include net zero greenhouse gas emissions by 2050 at the latest.。It's decreasingScope 1 Carbon emissions andScope 2 Carbon emissions，Our goal is to cut emissions in half by 2030.，Net zero emissions by 2040。

We will also continue to optimize our protective measures.，Reduce the frequency of work-related accidents，And make unremitting efforts to achieve the goal of zero accidents.。Sandvik will also continue to adhere to the principles of the United Nations Global Compact.，Continue to contribute to the UN Sustainable Development Goals。

Looking back on 2022，Let's work together，Outstanding achievements have been made.，It also made Sandvik grow stronger and stronger.。We are all happy and proud of it.。Thank you all for your hard work and outstanding performance in this year.，Thank our shareholders and customers for their support and trust.。Look to the future，We are full of confidence，Will make persistent efforts，Seize new opportunities，Create new achievements。