StrongPoint — Investor Presentation 2022

Jul 13, 2022

Q2 2022

CEO Jacob Tveraabak CFO Hilde Horn Gilen July 13, 2022

Agenda

• Introduction to StrongPoint
• Highlights Q2 2022
• Other key financial figures

The StrongPoint double opportunity

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 2022

Highlights Q2 2022

Strong revenue growth despite continued global component shortages

Continued customer success in priority areas

Further progress on 2025 strategic ambitions

+28%

Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22

2nd quarter revenue

Revenue

2nd quarter EBITDA ¹

EBITDA

Healthy in-store solutions' margin, significant and deliberate E-commerce solutions' investments

EBITDA margin Q2, 2022 Percent

In-Store Solutions alone E-commerce Logistics solutions Total StrongPoint 10-11% 3.1%

Healthy 10-11% EBITDA margin in mature In-Store Solutions business

Significant and deliberate E-commerce solutions' investments holds back current overall EBITDA level

Margin improvement towards 2025 13-15% ambition with significant growth and scale effects from E-commerce solutions

1

Revenue share per solutions' segments 1

Relative share of revenue per segment Percent

Segments

Note: Roundings may make total different than 100%

Continued customer success in priority areas

22

• First AutoStore automated warehouse agreement signed with Norwegian company ColliCare Logistics
• Existing grocery e -commerce customer Interspar Austria scaled their click and collect offer with an order of additional grocery lockers
• Italian grocery retailer Coop Alleanza chose StrongPoint's grocery lockers to develop and scale their click and collect e -commerce offer

Further progress on 2025 strategic ambitions

• Closed the acquisition of UK & Irelandbased Air Link Group Ltd
• Continued investments to expand worldclass scalable e-commerce business – with grocery focus and spillover effect to other verticals

23

Other key financial figures

Acquisition of Air Link Group Ltd June 1st, 2022 MNOK

Transaction figures

Purchase Price* Cash Shares in StrongPoint	112 89 23
Allocation	112
Identifiable assets	26
Intangible Assets	66
Goodwill	37
Deferred Tax	-17
Net Cash out	85
Paid in cash	89
Cash received	-4

ALS contribution to StrongPoint YTD **Proforma figure for StrongPoint YTD

* Purchase price based on balance sheet per 31.12.21. To be adjusted with net debt/net working capital changes per closing 31.05.22 within end of Q3.

** Proforma = full consolidation from 1.1-30.06.22.

Changes in Equity during first half 2022

MNOK

Growth in revenue, EBITDA affected by investments for the future and global component shortages

MNOK

Revenue EBITDA

Operational and strategic investments affect the EBITDA for Q2 2022

MNOK EBITDA

Earnings per share from continued operations

EPS per quarter NOK per share

EPS rolling 12 month NOK per share

* EPS adjusted for amortisation of intangible assets, mainly from historic M&A

Cash Flow changes first half 2022

MNOK

Acquisition, dividend and tied-up working capital from operations lead to a net debt position MNOK

Net Interest Bearing Debt

Historic figures for Q2 2021 include discontinued operations

Financial calendar 2022

• 26 October: Q3 2022

IR-contact:

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