Arribatec Group ASA

Investor Presentation • Sep 1, 2021

1

Investor Presentation ^ DNB TMC conference September 2021

| Arribatec at a glance ^

• Arribatec is a Software & Consulting company headquartered in Oslo with a global «playground»
• Founded in 2015 by CEO Per Ronny Stav and former colleagues from Unit4
• Delivering next generation Postmodern ERP Solutions as a Service (SolaaS)
• Strong partners combined with own Software– global partner with Unit4 and selling SolaaS globally
• 350+ employees across 26 offices in 16 countries
• Broad customer base, 900+ large entities in 25 countries and various industries private & public

7

2015 2016 2017 2018 2019 2020 Y T D Q 2 -

24,3 43,8 74,4

2 1

204

117,7 ¹⁵⁴

E 2 0 2 1 E 2 0 2 2

550

425

• Experienced management team with proven international track record
• Revenue NOK 204m YTD/Q2 2021, EBITDA of NOK 12m
• Strong growth company
  • CAGR 103% organic fist 5 years
  • +200% growth 1st half 2021 (36% organic Q2)
• Recurring revenue +36% of recognized revenue as of Q2

| Snapshot Financials pr. H1-21 vs H1-20 ^

Revenue +206%

Adj. EBITDA +59%

NOK 203.6m vs 66.5m NOK 11.6m vs 7.3m NOK 68.7 vs 9.6m

Recurring Revenue +615%

25.4% Organic growth in 1 st half 2021 in "Old Arribatec"

\ Highlights 1H-2021 ^

• Revenue at NOK 203.6m solid growth of 206% y/y organic growth of 25% (36% Q2)
• Recurring revenue of NOK 68.7m is NOK 59.1m higher than y/y 2020
  • Growth of 615% compared to last year and 22% higher than Q1-2021
  • Strong growth despite delay in recognition according to underlying contracts
  • Strong growth internationally (3 digits in Europe and US)
• EBITDA of NOK 11.6 m up from 7.3m in 2020, despite;
  • strong focus on continued growth
  • integration and organizational alignment of acquired companies
  • building out the global sales organization to scale organicly

| Arribatec Group ^

| Global presence ^

• Norway | Oslo | Stavanger | Kristiansand | Bergen | Hamar | Sandefjord | Lillehammer
• Sweden | Stockholm | Gothenburg
• Denmark | Copenhagen
• UK | London | Leicester | Manchester
• Italy | Milan | Rapallo | Pontinia
• Spain | Madrid | Granada | Barcelona | San Sebastian
• Belgium | Vosselaar
• Germany | Leer
• Poland | Wroclaw
• Cyprus | Limassol
• USA | Colorado | Florida
• UAE | Dubai

Singapore | Singapore

| Global delivery ^

• New offices in Singapore and Dubai recently added
• Serving customers globally
• Strong partnership combined with own Software (IP)
  • Own IP Research Management | Marine | Hospitality | Cloud
• Part of Expo 2020 in Dubai under the umbrella of Innovation Norway
• References within many segments in use to scale globally
  • Oil&Gas | Energy | Hospitality | Marine | Engineering

| Focus – Solution as a Service ^

Solutions as a Service (SolaaS)

• Through a combination of internally developed software, strong partnerships and talented people, Arribatec offers a complete solution to its customers comprising relevant services to turn software into solutions
• Solutions as a service is a new approach to cloud computing that delivers all aspects of an IT solution implemented, integrated and offered as a service
• SolaaS is supporting customers to deliver on a Postmodern ERP Cloud strategy
• Arribatec consider this new and innovative way of selling and deploying ERP to be the "Next Generation" Postmodern ERP
• Fast predicable efficient scalable!

		Cost effective	Ongoing management and maintenance	Reduced project risk	Scalability
		Single point of contact	Increased speed-to-value		Cost certainty
and integrations – service	Complete offering with software (SaaS), including implementation all offered as a		SOLUTIONS AS A SERVICE (SolaaS)
Software licensed and delivered in cloud on a subscription basis Like IaaS, but includes middleware, development tools, database management systems and more			SOFTWARE AS A SERVICE (SaaS)
			PLATFORM AS A SERVICE (PaaS)
	Infrastructure – managed	servers, storage, and networking provisioned and	INFRASTRUCTURE AS A SERVICE (IaaS)

Value proposition for customers

Gartner's definition of Postmodern ERP

Technology strategy that automates and links administrative and operational business capabilities (such as finance, HR, purchasing, manufacturing and distribution) with appropriate levels of integration that balance the benefits of vendor-delivered integration against business flexibility and agility.

| Our business proposition ^

| Our business proposition ^

| Solution as a Service in practice ^

• 3rd party ERP/EA&BPM/BI System

• Own Systems Vertical | Cloud
• System Integration | Own Platform
• System Implementation

| Addressable markets with significant size and growth ^

The global ERP software market is estimated to reach USD 58bn by 2024 with strong growth momentum

The ERP software market is only one of Arribatec' s addressable markets – other markets include the global system integration market, which is expected to reach USD 585.5bn by 2025

\ One Solution ^