Kongsberg Gruppen

Investor Presentation • Oct 24, 2024

Protechting people and planet

Geir Håøy, President & CEO Mette Toft Bjørgen, EVP & Group CFO

KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in part, must include this legend. © 2024 KONGSBERG – All rights reserved.

Disclaimer

This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forwardlooking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as "targets", "believes", "expects", "aims", "assumes", "intends", "plans", "seeks", "will", "may", "anticipates", "would", "could", "continues", "estimate", "milestone" or other words of similar meaning and similar expressions or the negatives thereof.

By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected.

Any forward-looking information or statements in this presentation speak only as at the date of this presentation. Except as required by the Oslo Stock Exchange rules or applicable law, the Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward-looking information and statements, whether to reflect changes in the Company's expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based.

Given the aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward-looking statements

Highlights Q3

• Continued growth in all business areas
  • Ranging from 8% to 30%
• Announced new production facilities in the US and Australia
• High market activity throughout the company
• NOK 96.9bn record-high order backlog

Increased defence spending

Zero emission Energy transition

Order intake NOK 13.0bn Revenue NOK 11.9bn EBIT NOK 1.9bn

See Statement of Proprietary information

KONGSBERG strongly positioned

Numbers in NOK bn

Business update

Backlog distribution by business area

Order intake Q3 Backlog distribution by year

12%

2024

2025

2026 + further

29%

59%

Q3 24

Q4 2024 backlog distribution

See Statement of Proprietary information

Financial status

Mette Toft Bjørgen, EVP & Group CFO

KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in part, must include this legend. © 2024 KONGSBERG – All rights reserved.

Revenue

(NOK bn)

11.92 +19% KONGSBERG

Q3 23 Q4 23 Q1 24 Q2 24 Q3 24

0.92 1.12 +21% Kongsberg Discovery Kongsberg Digital

Q3 23 Q4 23 Q1 24 Q2 24 Q3 24

Recurring revenue

EBIT and EBIT-margin

(NOK bn, %)

KONGSBERG

12.3% Q3 23 Q4 23 Q1 24 Q2 24 17.1% Q3 24 0.62 1.11

Kongsberg Discovery Kongsberg Digital

Q3 23 Q4 23 Q1 24 Q2 24 Q3 24

Associated companies

*Share of net income from Patria is recognized as follows during the quarters: Q1: Jan-Feb, Q2: Mar-May, Q3: Jun-Aug and Q4: Sep-Des. Quarterly split of revenues and EBIT are presented with the corresponding periodization.

NOK 5.5bn in order backlog EUR 2.3bn in order backlog

Kongsberg Discovery

Cash flow development 1.7 - 30.9

(NOK bn)

Outlook

• Front-runner in the maritime transformation and unique positions
• Persistent high activity in aftermarket
• Increased technology content on overall fleet drives demand

• Continued marketing, tendering and negotiations related to multiple programs
• Ramping up missile capacity
• Particularly strong demand for missiles and air defence

• Significant demand from areas such as fishery, marine research operations, energy, security and surveillance
• Solid backlog and strong positions in growing markets

• Continued increase in recurring revenues
• Continued investments in development and rollout

Solid balance sheet and NOK 96.9bn in order backlog, whereof NOK 11.7bn is for delivery in Q4 2024

Protechting people and planet

KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in part, must include this legend. © 2024 KONGSBERG – All rights reserved.