Kongsberg Gruppen

Investor Presentation • Jun 4, 2024

Geir Håøy, President & CEO KONGSBERG

#protectingpeopleandplanet

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Join us pioneer change to protect people and planet by innovating technology today, for a better tomorrow

Mette Toft Bjørgen, CFO KONGSBERG

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.

Status 2025 targets

2025 targets met ahead of plan

Revenue development

Solid performance in all Business Areas, well positioned for further growth

See Statement of Proprietary information

OB secured start of the year

EBIT development

Strong profit development

See Statement of Proprietary information

EBIT EBIT margin

Capital allocation is a key to secure profitable growth

Continued strong demand in existing markets (footprint)

Increased margins driven by performance management (scale and efficiency)

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.

Eirik Lie, President Kongsberg Defence & Aerospace

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.

PUBLIC

Kongsberg Defence & Aerospace

4,365 employees

See Statement of Proprietary information

16.8 BNOK revenues*

16 countries

1. Delivering on record high order backlog

Kongsberg Defence & Aerospace

Record high order backlog of NOK 65 bn

driven by new orders for air defence and missiles

Total order intake in 2023 was NOK 38 bn, leading to an order backlog above NOK 65 bn – an increase of ~90% from CMD 2022

Strengthening delivery muscles and capabilities

Production

Arsenalet Industry Park, Kongsberg

• New strike missile production plant, opening June 2024

International growth

• 2,500 sqm facility in Adelaide, Australia opening Sept 2024
• Further locations underway

Recruitment Processes

2. Positioned for further growth

Geopolitical unrest puts defence on top of agenda

The defence industry is transforming

Industrial warfare

• More production
• Lower cost/higher volumes
• Faster innovation

Changing battlefields

• From counter-insurgency
• Nation conflicts
• Future Air-Sea-Space

Defence budgets are rising

After a decade of slow growth, Europe has entered a new investment phase

Asia continues strong growth track

US levels remain high ^{26 31 31 33 34 36 37 40}

Procurement, USD bn

Asia

Procurement, USD bn

y i n f o r m a t i o n

Well positioned in current defence market

3. Building the future Kongsberg Defence & Aerospace

PUBLIC

Preparing Kongsberg Defence & Aerospace for the future

NASAMS

Ground based air defence system

PUBLIC

NASAMS Air Defence

World class Medium Range Air Defence (MRAD) system

See Statement of Proprietary information

Photo: PTE Nicholas Marquis

NASAMS Air Defence

Multi-missile capability – A complex challenge for adversaries

PUBLIC

NASAMS Air Defence

Dual-use missiles

PUBLIC

Full Spectrum Air Defence (FSAD) NASAMS Air Defence

See Statement of Proprietary information

One system – Layered capability

SHORAD MRAD

LRAD and anti-TBM CUAS & VSHORAD

PUBLIC

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Lisa Edvardsen Haugan, President Kongsberg Maritime

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.

6,700 employees

20 BNOK revenues*

countries

34,000 vessels

34

Kongsberg Maritime Integration & Energy

The ocean space experts

Building on our broad portfolio

Contract year

Securing our position as the life cycle partner

0 5000 10000 15000 20000 25000 30000 35000 40000 # of vessels installed YoY 1980-2023 34000

RECENT INITIATIVES SECURING GROWTH:

• Sustainability partnership signed with Solstad.
• Upgrades for SEACOR cementing KM position as the number 1 hybrid integrator for the sailing fleet.
• Collaborating with Høegh Autolinersto improve propulsive efficiency and upgrades reducing emissions & costs.
• High volume of sustainability partnerships in pipeline across multiple vessel segments.

Our five strategic priorities

People & competence

Knowledge about marine operations

Technology

Strategic projects

Strengthen our propulsion range

Grow integrated electrical solutions

Secure growth opportunties within naval

The ocean space experts

A holistic approach, domain knowledge and industry leading technologies make us

The trusted energy transition partner

Kongsberg Maritime's next generation platform supply and anchor handler vessels

Energy-efficient upgrade for Solstad's Normand Sentinel anticipating energy savings of up to 16% during transits and up to 40% in DP-mode

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.

Martin Wien Fjell, President Kongsberg Discovery

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.

Discovering the secrets of the ocean Vision

Discovering the secrets of the ocean

Climate / Energy

Security

Food

Serving the entire ocean space

Kongsberg Discovery

Generating value through product development and partnerships

Market access

Technology based value creation based on a strong technology backbone

Mastering advanced technologies

…while keeping an eye out for new technologies

Illuminating the ocean with sound

Submarine detection

Ecosystem assessment

Positioned for growth

Sustainability and security

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.

Shane McArdle, President Kongsberg Digital

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.

Shaping the Future of Work

…we make industrial data more accessible and meaningful to humans and machines to unlock better ways of working

The digital twin market is large and rapidly growing

…WITH expected HIGH GROWTH ACROSS INDUSTRIES

Estimated CAGR next 10 years

…driven by several market TRENDS

• Human centric technology
• Integrated value chains
• Increasing system complexity
• Significant AI advancements
• Energy Transition

Our product is scalable across industry verticals

See Statement of Proprietary information

Sources: McKinsey, Gartner, S&P, Fortune BI, Internal Analysis . Market size adjusted to the relevant industries and digital twin types

Kongsberg Digital is rigged for the future

Our competitive advantage derives from key differentiators

…where we combine domain and software knowledge to serve as trusted digital partners to our customer

Domain knowledge

AI driven industrial software

Agile and global tech organisation

Digital partner for blue-chip clients

Eco system of world leading partners

Delivered robust growth

Building on a solid foundation

Put AI to work

embedded in the core of our product

Intuitive human interactions with data and systems

Create commercial value by solving business challenges

Reliable and safe with responsible integration, usage, and representation of AI

Rewire operating models at scale

Autonomous monitoring & performance assessment

We automate and eliminate manual tasks for 1000's of users every single day

Listen to how our users leverage the digital twin in their day-to-day work

Learn how Norske Shell and others drives more efficient, safe and sustainable operations

Watch now >

Thank you

shane.mcardle@kongsbergdigital.com

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. © 2023 KONGSBERG – All rights reserved.

Reliable industrial AI Asset Copilot

Stein-Roar S. Bjørnstad, CPO Kongsberg Digital

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. © 2023 KONGSBERG – All rights reserved.

ChatGPT Google Gemini GitHub Copilot Microsoft 365 Copilot

Asset Copilot A better way of operating your facility

Empowering industrial operators and engineers with better facility and process insight, better decision support, and the next level of user experience.

"Show me previous and planned maintenance"

"Show me the documentation for this equipment"

"What are the real-time sensor values?"

"What could be the reasons for this behavior?"

"Has this happened before?"

"What are the recommended next steps now?"

Asset Copilot

Reliable AI empowers more efficient operations and better decisions

Thank you!

Stein-Roar Skånhaug Bjørnstad CPO Kongsberg Digital

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. © 2023 KONGSBERG – All rights reserved.