Cambi ASA

Investor Presentation • Sep 21, 2023

BUSINESS SEGMENTS

PROFIT & LOSS STATEMENT

CONSOLIDATED GROUP	Per quarter										Per year
																YTD
NOK million, not audited	Q1-21	Q2-21	Q3-21	Q4-21	Q1-22	Q2-22	Q3-22	Q4-22	Q1-23	Q2-23	2018	2019	2020	2021	2022	2023
Operating income	108	133	130	87	69	105	109	157	210	238	351	281	367	458	440	448
Cost of goods sold	54	74	64	42	39	55	58	67	81	105	152	119	175	234	219	186
Gross margin	55	59	66	45	30	50	51	90	128	133	199	161	192	224	222	261
Payroll expenses	34	25	32	32	31	30	33	36	39	37	106	104	110	122	130	76
Other expenses	17	11	18	17	20	22	21	26	33	32	79	56	56	64	89	65
Operating expenses	51	36	50	50	51	53	54	62	72	69	185	160	166	186	219	141
EBITDA	4	23	16	-5	-21	-3	-2	29	57	64	14	1	27	38	3	121
Depreciation & amortisation expenses	2	2	2	2	2	3	3	11	6	6	6	7	8	9	18	12
Operating profit	1	21	14	-7	-23	-5	-5	18	51	58	8	-6	19	29	-16	109
TECHNOLOGY SEGMENT
																YTD
NOK million, not audited	Q1-21	Q2-21	Q3-21	Q4-21	Q1-22	Q2-22	Q3-22	Q4-22	Q1-23	Q2-23	2018	2019	2020	2021	2022	2023
Operating income	76	77	69	46	36	39	60	104	172	157	206	105	191	268	239	329
Cost of goods sold	33	37	27	18	17	20	29	41	53	68	66	11	73	114	107	121
Gross margin	43	40	42	28	19	19	31	63	119	89	139	94	118	153	132	208
Payroll expenses	28	21	25	26	25	25	27	29	32	30	88	84	89	99	105	62
Other expenses	13	7	13	13	16	18	17	21	27	27	69	45	42	46	71	54
Operating expenses	41	28	39	39	41	42	44	50	60	57	157	129	131	146	176	117
EBITDA	2	12	4	-11	-22	-23	-13	14	60	32	-18	-35	-13	7	-44	91
Depreciation & amortisation expenses	2	2	2	2	1	2	2	10	5	4	6	6	7	6	15	9
Operating profit	1	11	2	-12	-23	-25	-15	4	55	28	-24	-41	-20	1	-59	82
SOLUTIONS SEGMENT
																YTD
NOK million, not audited	Q1-21	Q2-21	Q3-21	Q4-21	Q1-22	Q2-22	Q3-22	Q4-22	Q1-23	Q2-23	2018	2019	2020	2021	2022	2023
Operating income	32	56	61	41	34	65	50	53	38	81	145	176	176	190	202	118
Cost of goods sold	20	38	37	24	22	34	29	26	29	36	86	108	101	119	112	65
Gross margin	12	19	24	17	11	31	21	27	9	44	59	68	75	71	90	53
Payroll expenses	6	4	6	6	6	6	6	7	7	7	18	20	21	23	25	13
Other expenses	4	4	5	5	4	5	4	5	5	5	9	11	14	18	18	11
Operating expenses	10	8	11	11	10	11	10	12	12	12	27	31	35	41	43	24
EBITDA	1	10	13	6	1	20	10	15	-3	32	32	37	40	30	47	29
Depreciation & amortisation expenses	1	0	1	1	1	1	1	1	1	2	0	1	1	3	3	3
Operating profit	1	10	12	5	0	20	10	14	-4	30	32	35	39	28	44	26

BUSINESS SEGMENTS

ORDER INTAKE & ORDER BACKLOG

ORDER INTAKE		Per quarter											Per year
																YTD
NOK million, not audited	Q1-21	Q2-21	Q3-21	Q4-21	Q1-22	Q2-22	Q3-22	Q4-22	Q1-23	Q2-23		2019	2020	2021	2022	2023
Technology	100	65	9	74	-5	163	144	569	136	29		132	414	248	871	165
Solutions	53	55	103	21	20	80	40	35	87	172		73	170	232	175	259
Total order intake	153	120	112	95	15	243	185	604	223	201		205	584	480	1,046	424

ORDER BACKLOG	Per quarter											Per year
																YTD
NOK million, not audited	Q1-21	Q2-21	Q3-21	Q4-21	Q1-22	Q2-22	Q3-22	Q4-22	Q1-23	Q2-23		2019	2020	2021	2022	2023
Technology	272	406	323	329	289	411	495	960	921	793		181	372	329	960	793
Solutions	64	64	129	130	117	133	124	106	158	249		40	66	130	106	249
Total order backlog	336	470	452	460	406	544	619	1,066	1,079	1,042		221	438	460	1,066	1,042