Investor presentation Q3 2021

Geir Håøy, President & CEO Gyrid Skalleberg Ingerø, EVP & Group CFO

DISCLAIMER

This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as "targets", "believes", "expects", "aims", "assumes", "intends", "plans", "seeks", "will", "may", "anticipates", "would", "could", "continues", "estimate", "milestone" or other words of similar meaning and similar expressions or the negatives thereof.

By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected.

Any forward-looking information or statements in this presentation speak only as at the date of this presentation. Except as required by the Oslo Stock Exchange rules or applicable law, the Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward-looking information and statements, whether to reflect changes in the Company's expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based.

Given the aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward-looking statements

Contracts signed in 4th quarter

Joint Strike Missile (JSM) to Norway's F-35 fleet Remote weapon systems (RWS) to U.S. Marine Corps

Highlights 3rd quarter

BNOK 15.3 order intake
BNOK 1.1 EBITDA and 17% margin
Industrial cooperation with Germany
High activity and order intake from offshore wind
Continued rollout of Kognitwin® and Vessel Insight
Committed to "Science Based Target Initiative"

Important contracts awarded

Combat systems to new submarines and NSM to Norway and Germany

Wind turbine installation vessels (WTIV)

Integrated systems inc. PM thrusters for two new offshore wind vessels

New assets and customers signed up on Kognitiwin®

Deliveries to Copernicus mission Horizontal and vertical tails to F-35

Business update

Positive sentiment in new-build market
Sound demand for products and systems supporting "the green shift"
Increased capacity for production of AUV(1)s and USVs(2)
BNOK 1.4 in realised cross sales from combined maritime portfolio YTD

Kongsberg Maritime Kongsberg Defence & Aerospace

"All-time high" order intake, backlog and execution
Secured several contracts for both satellites services and space mission
Ramp-up of production and recruiting campaign continue

Kongsberg Digital

Three new Vessel Insight fleet roll-out contracts
Strategic partnership with Shell International Exploration & Production
Signs of recovery in maritime simulation segment with several new contracts

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Financial status

Gyrid Skalleberg Ingerø, EVP & Group CFO

Strong order intake and all-time-high backlog

41% increase in order backlog
Book/bill year-to-date ~1.5

Revenue growth in all business areas
~5% revenue growth year-to-date vs. same period last year

EBITDA and margin continue to grow
~27% growth in EBITDA year-to-date vs. same period last year

Cashflow 3rd quarter 2021

Positive cashflow from operations
Share buy back program

KONGSBERG MARITIME

KM delivers 1.3 book/bill in the quarter

Positive trend in aftermarket and diversified order intake from new-builds

Order intake from Global Customer Support YTD new-builds order intake by segments

(BNOK)

Solid EBTIDA improvement in KM

KONGSBERG DEFENCE & AEROSPACE

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