Definitions

Profit/loss for the year attributable to equity holders of the Parent Company divided by the average number of shares outstanding during the year.

Operating profit less depreciation, amortization and impairments.

Total equity in relation to total capital.

EBITDA adjusted for non-cash items minus net interest minus current tax expense.

Interest-bearing current and non-current debts less cash and cash equivalents divided by EBITDA.

Items with a significant impact on the Group or business area results from gains and losses on business disposals, restructuring and impairments costs.

Interest-bearing current and non-current debts less cash and cash equivalents divided by EBITDA.

Interest-bearing current and non-current liabilities, including net pension liabilities and leases, less cash and cash equivalents.

Interest-bearing current and non-current debts, including net pension liabilities, less cash and cash equivalents divided by total equity.

Order intake for a period refers to the value of all orders received for immediate delivery and those orders for future delivery for which delivery dates and quantities have been confirmed. General sales agreements are included only when they have been finally agreed upon and confirmed. Service contracts are included in the order intake with the full binding contract amount upon signing.

Change in order intake and revenues after adjustments for exchange rate effects and structural changes such as divestments and acquisitions. Sandvik generates the majority of its revenues in currencies other than in the reporting currency (i.e. SEK, Swedish Krona). Organic growth is used to analyze the underlying sales performance in the Group.

Annual

Average working capital for the last four quarters, divided by revenues in the last twelve months.

Quarterly

Average working capital for the most recent quarter, divided by revenues in the most recent quarter adjusted to annual rate.

Earnings before interest and tax plus financial income, as a percentage of a four quarter average capital employed. Capital employed is defined as total capital less current non-interest-bearing debt.

Annual

12 month rolling profit/loss as a percentage of the average shareholders' equity over the last four quarters.

Quarterly

Profit/loss in the most recent quarter adjusted to annual rate, as a percentage of the average shareholders' equity in the most recent quarter.

Earnings before interest and tax plus financial income, as a percentage of a four quarter average total capital.

Total of inventories, trade receivables, account payables and other current non-interest-bearing receivables and liabilities, excluding tax assets and liabilities and
provisions.

Total number of injuries per million worked hours.

Number of lost time injuries per million worked hours.

Emission from combustion of fossil fuels in owned or controlled sources, for example vehicle fuels and fuel in furnaces. Also known as Scope 1 emission.

Emission that occur from generation of purchased energy. For example emissions from use of purchased electricity. Also known as Scope 2 emission.

Waste disposed of by Sandvik that go to recovery operations for further use.

Waste that cannot be recovered and disposed without recovery, for example to a landfill.