Cyviz AS

Investor Presentation • Nov 11, 2022

Third Quarter Results 2022

Today's agenda and presenters

Third-quarter in brief

Business highlights

Insights to game-changing contract

Q3 financials

Outlook

Q&A

Espen Gylvik CEO

Marius Skagen CFO

Cyviz is next level collaboration. We bring communication, control and interaction together, powered by advanced technology but driven by one important thing: people. Cyviz makes life better by making the complex simple, ensuring work is more immersive, productive and ultimately more enjoyable. This is Cyviz. The future at work, right here, right now.

EBITDA of NOK 4.7m with all-time-high order intake of NOK 208m

Third-quarter in brief

EBITDA of NOK 4.7m

driven by increased revenue, improved gross margin and reduced OPEX (in percentage of revenue)

Gross profit up 108% compared to Q3 2021 ending at NOK 55.1m for the quarter

Order intake at all-timehigh of NOK 208.2m, up 127% compared to Q3 2021

Operating cash flow NOK 70.7m allowing for full repayment of overdraft facility and improving cash position to NOK 23.9m

Business highlights

Business highlights

ORDER INTAKE BY VERTICALS – Q3 ORDER INTAKE BY REGION – Q3

Business highlights

ORDER INTAKE BY VERTICALS - YTD

Insights to game-changing contract of USD 14.5m

STRATEGIC VALUE OF WINNING PRESTIGUOUS PROJECT IN THIS REGION

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EVIDENCE OF CYVIZ' ABILITY TO WIN COMPLEX DEALS IN ALL REGIONS

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CYVIZ SOLUTIONS ARE ATTRACTIVE FOR LARGE PROJECTS

PROJECT RANGES FROM ADVANCED BOARD ROOMS, MEETING ROOMS AND OPERATIONS CENTER

Insights to game-changing contract 8

Q3 financials

Financial highlights

Revenues

• NOK 83m ahead of last year's revenues YTD (+37%)
• LTM at NOK 405m, up 44% y/y
• Regional and vertical diversification continues

Gross profit

• All-time-high at NOK 55.1m
• 108% growth compared to Q3'21
• LTM at NOK 185m, up 51% y/y

EBITDA

• NOK 17m growth compared to Q3'21
• YTD –NOK 8.6m, NOK 3.9m better than LYTD
• Increased revenue, improved margins and reduced OPEX key drivers

Bookings

• 127% growth compared to Q3'21 and 270% growth compared to Q3'20
• LTM at NOK 561m, up NOK 219m compared to Q3'21
• Order backlog at NOK 311m

ORDER INTAKE ROLLING 12 MONTHS

Cyviz Group

Q2 Q3

PERFORMANCE AFTER Q3 (MNOK)

PERFORMANCE AFTER Q2 (MNOK)

ORDER INTAKE ROLLING 12 MONTHS

Government & defense

PERFORMANCE AFTER Q3 (MNOK)

PERFORMANCE AFTER Q2 (MNOK)

Operating cash flow

Operating cash flow Q3

Operating cash flow YTD

Key drivers Q3

• Commercial and operational performance
• Control and discipline on accounts receivables
• Improved insights and risk management on inventories

Key drivers YTD and onwards

• Accounts receivables of NOK 119m in Q2 and inventory ramp-up
• Improved cash flow projections per project
• Alignment between customer and vendor payment terms

Outlook

Outlook

Increased demand and strong backlog

Positive full-year 2022 EBITDA

Cyviz maintains the ambition of positive EBITDA in 2022

Capitalize on increased demand and strong backlog

Continue to convert pipeline opportunities within corporate, energy and government & defense verticals, and capitalize on NOK 311m backlog

Reiterate growth and profitability targets from IPO

Cyviz reiterates our growth targets from the IPO in December 2020 with 30% CAGR on revenue and 15-20% EBITDA margin in the medium-term perspective

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Q&A

Thank you