StrongPoint

Investor Presentation • Apr 29, 2025

StrongPoint Q1 2025

29 April 2025

Agenda

Highlights

About StrongPoint

Customer success

Q1 2025 financials

Outlook

Jacob Tveraabak

Chief Executive Officer

Marius Drefvelin

Chief Financial Officer

Q1 2025 Highlights

Financial highlights

• Revenue 347 MNOK: decrease 3%
• Recurring revenue 372 MNOK (rolling twelve months): increased 17%
• EBITDA 10 MNOK and margin of 2.9%
• Cash flow from operations 8 MNOK

Customer and operational updates

• 1 st AutoStore win in the UK
• 3 rd Vensafe theft-prevention pilot in UK
• AI-powered theft prevention pilots in Norway and Sweden and partnership formalized

About StrongPoint

StrongPoint at a glance

Our purpose:

Retail technology in every shopping experience for a smarter and better life

1.3 Bn NOK annual revenue

372 MNOK recurring revenue

>80% revenue from grocery retailers

~500 team across Europe

Proprietary SaaS solutions built by in-house development team

Impact on grocery retailers

Impact on end consumers

Driving Efficiency Savings

Boosting margins

Improving both the in-store and online experience for shoppers

Solutions solving 5 grocery problems

• Developing next-generation cash automation solution

Where we operate

• Direct operations in 9 core countries with full local support from sales to service
• Managing entire value chain = capture more revenue and build deeper customer relationships

In addition, support grocery retailers with software and products in 20 other countries via partner network

Our Core Markets:

Customer success

Automation expansion in UK

• Delivering AutoStore solution for leading UK cosmetics retailer
• Solution used to support e-commerce orders
• 1 st StrongPoint AutoStore project in the UK
• Partnership with Pio, new compact solution from AutoStore

3 rd Vensafe Proof of Concept in UK

• Launched 3rd Vensafe proof-of-concept in the UK with grocery retailer Morrisons
• First installation of newly launched 'Digital Media Retail' Vensafe
• Includes screens at the shelf and dispenser that can run adverts, driving retail media revenue opportunities for retailer

AI-powered Anti-Theft Partnership & Pilots

• Formalised partnership with SAI Group to provide AI-powered anti-theft solutions
• The agreement combines StrongPoint's store integration capabilities with SAI's computer vision technology
• Two active pilots in the Nordics implemented by StrongPoint with leading grocery retailers

Order Picking and CashGuard Connect update

Order Picking at:

• Installation expected to be completed across all targeted stores by summer 2026
• Updated schedule accommodates additional functionalities enhancing the solution

• Continuous development of CashGuard Connect with largest grocery retailer in Spain
• Additional pilots being planned, firm longterm commitment being pursued
• In discussions with several other potential customers

Q1 2025 financials

1 st quarter revenue

Total recurring revenue (12 months rolling)

1 st quarter EBITDA

The Q4 2023 EBITDA reported was -20.6MNOK, includingnon-recurringrestructuringand M&Acosts of7.3MNOKand write-downs10.6 MNOK. Excluding these adjustments, the Q4 2023 EBITDA adjusted was -2.7 MNOK. The Q2 2024 EBITDA reported was -9.1MNOK, includingnon-recurringrestructuringcosts of 10 MNOK. Excluding these adjustments, the Q2 2024 EBITDA adjusted was 0.9 MNOK.

Cash Flow movements in 2025

Changes in main working capital items in 2025

Net interest-bearing debt

Net interest-bearing debt (MNOK)

Disposable funds of NOK 85 million (Q1 2025), down from NOK 102 million (Q4 2024)

Net interest-bearing debt includes interest-bearing bank loans, financial lease and IFRS 16 car leasing. See the quarterly report for an overview of each component comprising net interest-bearing debt.

Outlook

Outlook

Short-term: cautiously optimistic prospects

Longer-term: positive trends, interest in solutions and continued trust by customers

• Further development in profitable traditional markets
• Reaping profits from investments in new markets
• Global opportunities with SaaS E-commerce fulfillment solution

Thank you