Goodtech

Quarterly Report • May 3, 2024

Goodtech ASA The preferred partner for industrial efficiency

Margrethe Hauge CEO

Øyvind Osjord CFO

Highlights from Q1 2024 Goodtech ASA Webcast

Webcast Goodtech ASA Q1 2024

Summary

Increased efficiency and profitability per employee

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• Revenues and order backlog:
• 29% growth in revenuesfrom Q1 2023
• 18% growth in total order backlog from Q1 2023

Profitability:

2,6 MNOK increase in nominal EBITDA from Q1 2023 (+17%)

Safety:

• H1-value back to 0 in Q1 2024
• 4,3% sickness absence in the quarter

Capital structure:

• Robust capital structure, 50% equity ratio
• Net interest-bearing debt of 26 MNOK

Continuing growth in revenue and profitability per FTE

Important announcements in Q1 2024

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Webcast Goodtech ASA Q1 2024

Revenues* | MNOK

EBITDA | MNOK

EBITDA-margin

Highlights – key financials

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• 29% growth in revenues from Q1 2023
  • High activity in several larger projects, and renewals of annual service- and frame agreements

• 17,4 MNOK (+17%) nominal growth in EBITDA from Q1 2023

• 7,7% EBITDA-margin

Revenues and EBITDA related to the business at Åland for the entire 2022 is excluded in the figures in accordance with its classification as Held for Sale in accordance with the guidelines in IFRS 5.

The acquired Skala Flytende is included in the figures from Q4 2023.

Continuing robust capital structure

Webcast Goodtech ASA Q1 2024 Sales and order backlog

Order backlog | MNOK

Development in order backlog | Continuing operations

** In the report for Q3 2023 order intake was by mistake reported as 211 MNOK. The correct calculation of order intake is order backlog in the quarter minus order backlog in the previous quarter plus revenues in the quarter. Correct value of order intake for Q3 2023 was 285 MNOK as stated in the graph above.

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Webcast Goodtech ASA Q1 2024

Thank you!

Margrethe Hauge CEO

Øyvind Osjord CFO