StrongPoint — Investor Presentation 2021

Jul 14, 2021

Q2 2021

CEO Jacob Tveraabak CFO Hilde Horn Gilen July 14, 2021

Agenda

• Intro
• Highlights Q2 2021
• Other key financial figures

Riding the wave of grocery e-commerce

E-commerce growth providing a "double opportunity" for StrongPoint

E-COMMERCE

Retailers' needs

1. In-store: Pressure on brick & mortar retailers' margin

Opportunity for StrongPoint

Technology solutions in-store to improve retailers' productivity, provide safe shopping and hence uphold margins

2. E-commerce: Pressure to develop online presence

World-class e-commerce solutions for picking and delivery

Purpose

"Retail technology in every shopping experience for a smarter and better life"

Focus on grocery retail

Retail

Solutions that increase efficiency and improve the shopping experience in-store and online

We have a focus on the resilient grocery retail sector with spillover effects to other retail verticals

Reiterating StrongPoint's 2025 financial ambitions

NOK 2.5 bn in 2025

EBITDA 13-15%

Highlights Q2 2021

Highlights Q2 2021

Solid revenue growth. EBITDA negatively impacted by Spain

Continued customer success in priority areas

Steady progress on the 2025 strategic ambitions

+13%

Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21

2nd quarter revenue: Solid revenue growth

Revenue

2nd quarter profitability: EBITDA negatively impacted by Spain

EBITDA

2nd quarter profitability: Spain deep dive

Comments related to Spain

• Exceptional one-off, required write-down of Cash Management inventory
• Cash Management sales [still] not close to pre-pandemic levels, but growing
• Grocery retail technology deliveries commencing in Q3 and beyond

EBITDA impact Q2 from Spain MNOK

Continued customer success in priority areas

• Multiple sales orders announced in Norway for electronic shelf labels and payment solutions
• Substantial increase in media coverage on StrongPoint's e-commerce solutions
• Glovo partnership continues with a signed agreement with Carrefour Spain using StrongPoint's Order Picking solution

2

Steady progress on 2025 strategic ambitions

• Divestment of Labels business area, financial gain of 165 MNOK to be accounted for in Q3
• Reiterating our strategic ambition of 2.5 BNOK with 13 -15% EBITDA margin
• Continued investment in technology, sales and marketing resources

Other key financial figures

Steady growth in R12, EBITDA impacted by Spain

MNOK

Revenue

EBITDA

Excluding discontinued operations (Labels business area)

Adjusted earnings per share continues to increase

EPS

EPS adjusted*

* EPS adjusted for amortisation of intangible assets, mainly from M&A Discontinued operations are not included in the figures.

Cash balance reduced due to repayment of loan and dividend. Disponible funds 124 MNOK. MNOK

* Discontinued operations equals Labels business area 01.01-30.06 2021, divested July 1, 2021

Net leverage temporarily increased due to divestment of Labels

Cash Security sold in Q4 2020 Labels sold in Q3 2021, excluded from Q2 2021

* Net Interest Bearing Debt / Rolling 12 EBITDA

Financial calendar 2021

Q3 2021 – 21.10

IR-contact:

CFO Hilde Horn Gilen hilde.gilen@strongpoint.com +47 920 60 158