Kongsberg Gruppen

Investor Presentation • May 8, 2025

Investor presentation Q1 2025

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

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NSM JSM

Maritime Surveillance Submarine

Sea Domain Land and Air Domain Space Domain

BUSINESS UPDATE Q1

business area – 31.03 We continue to build backlog

Backlog distribution by

Backlog distribution by time of delivery

Amounts in NOK bn

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 leg end. © 2025 KONGSBERG – All rights reserved.

KONGSBERG

Portfolio changes in Q1

REVENUES

High revenue growth in all BAs

Amounts in NOK bn

1.36

See Statement of Proprietary information

EBIT and EBIT margin

Solid EBIT-margin with strong contribution from all BAs

Amounts in NOK bn

See Statement of Proprietary information

CASH FLOW DEVELOPMENT

Amounts in NOK bn

Strong cash conversion

* Net of proceed from sale of Steering gear and rudder business and investment in Naxys AS

See Statement of Proprietary information

Net working capital per Business Area

Contribution from 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.

OUTLOOK

Continue to see overall strong demand

• A product portfolio and positioning enabling a frontrunner position in the maritime transformation
• Persistent high activity in aftermarket
• Increased technology content on overall fleet drives demand

Kongsberg Defence & Aerospace

• Continued marketing, tendering and negotiations related to multiple programs
• International capacity expansion to meet demand
• Particularly strong demand for missiles and air defence
• Finalizing negotiations for ~NOK 6bn JSMcontract with new customer

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

Solid balance sheet and NOK 134.0bn in order backlog, whereof NOK 30.2bn is for delivery in 2025

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 leg end. © 2025 KONGSBERG – All rights reserved.