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FREQUENTIS FOR A SAFER WORLD Significant jump in H1 2026 : Order intake + 17 % Revenues + 45 % Positive Group EBIT : temporary shift in revenues / profit Investor Presentation August 2026
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Investor Presentation August 2026|2 © Frequentis AG 2026 1) Cash and cash equivalents and time deposits were €107.4m, liabilities to banks were less than €0.1m. Dividend of EUR 0.30 per share for FY 2025 paid in June 2026. Order intake €361.7m +17.0% vs. H1’25 Orders on hand €835.0m +9.3% vs. H1’25 Revenues €342.9m +44.8% vs. H1’25 Entirely organic growth EBIT €15.6m vs. € -4.3m in H1’25 Equity ratio 38.1% -1.0 PP Net cash1) €107.4m thereof €79.9m advance payments from customers Highlights H1 2026 Again, further strong growth in order intake and revenues Orders on hand ensure good capacity utilisation H1’26 positively influenced by temporary shift in revenues and profit from H2 to H1 © Frequentis AG 2026
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Investor Presentation August 2026|3 © Frequentis AG 2026 Order intake and project highlights Air Traffic Management Civil 15,000 IP-based air-to-ground protocol converter units produced; deployment in U.S. in progress Preparation of a modernised Voice Communication System rollout across U.S. Remote Tower certification in 2026 for U.S. National Airspace Next-generation voice communication and integrated display solutions for Qatar Expansion of large-scale ATM network coverage into Brazil’s Amazon region Public Safety & Transport Mission-Critical Services – MCX: Frequentis expands its MissionX ecosystem: Participation in European Critical Communication System Initiative Increase of stake in Spanish MCX specialist Nemergent to 51% (from 25%) Investments in MCX and FRMCS 1) UK’s first cloud-based emergency control room deployed for West Yorkshire Fire and Rescue Service Air Traffic Management Defence Modernisation of military communication systems for Austrian Armed Forces: enabling secure, encrypted voice/data communications Validation of Low-altitude air picture / military UTM capability for German Armed Forces: Unified “drone air picture” supports integration of crewed / uncrewed aircraft Frequentis C4i (Australia) and SAMI L3Harris to collaborate on defence communications in Saudi Arabia 3 1) FRMCS = Future Railway Mobile Communication System: international communication standard for the railway sector and successor to GSM-R
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Investor Presentation August 2026|4 © Frequentis AG 2026 320 178 June 2022 344 203 June 2023 378 243 June 2024 432 331 June 2025 506 329 June 2026 498 547 621 764 835 +9% +14% p.a. H1 2025: 57% ATM, 43% PST H1 2026: 61% ATM, 39% PST Order intake = confirmed orders H1 2025: 52% ATM, 48% PST H1 2026: 73% ATM, 27% PST in € m Investor Presentation August 2026|4 Public Safety & Transport (PST) Air Traffic Management (ATM) Orders on hand 118 43 H1 2022 133 75 H1 2023 146 82 H1 2024 161 149 H1 2025 264 97 H1 2026 161 208 228 309 362 +17% +22% p.a. in € m
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Investor Presentation August 2026|5 © Frequentis AG 2026 113 54 H1 2022 123 64 H1 2023 145 61 H1 2024 165 72 H1 2025 263 79 H1 2026 167 187 206 237 343 +45% +20% p.a. 77% 23% Public Safety & Transport (PST) Air Traffic Management (ATM) Investor Presentation August 2026|5 Revenues Revenue split in € m H1 2025: 70% ATM, 30% PST H1 2026: 77% ATM, 23% PST
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Investor Presentation August 2026|6 © Frequentis AG 2026 Australia / Pacific / Africa Asia Americas Europe 18 21 21 24 54 132 144 165 H1 2025 H1 2026 7% 6% 48% Europe39% Americas Asia Australia/ Pacific/Africa Stable business model fosters growth Low cyclical exposure >90% government customers Strong European home market H1’26 Investor Presentation August 2026|6 Revenues by region Revenue split in € m 61%23% 9%7% H1’25
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Investor Presentation August 2026|7 © Frequentis AG 2026 Comments H1’ 26 positively influenced by temporary shift in revenues and profit from H2 to H1 Several key project milestones originally planned for H2 2026 were successfully achieved in H1 2026 earlier-than- expected recognition of revenues and profit Typical seasonality with higher revenues and profit in H2 than in H1 will remain in future years EBIT H1 ’22 FY ’22 H1 ’23 FY ’23 H1 ’24 FY ’24 H1 ’25 FY ’25 -0.5 25.0 -0.3 26.6 -2.8 32.1 -4.3 46.8 H1 ’26 15.6 EBITDA H1 ’22 FY ’22 H1 ’23 FY ’23 H1 ’24 FY ’24 H1 ’25 FY ’25 8.4 45.6 8.2 44.2 6.7 54.1 5.2 66.9 H1 ’26 26.8 in € m
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Investor Presentation August 2026|8 © Frequentis AG 2026 €14.0bn p.a. total market size €3.8bnp.a. addressable market today Drone management 5G-based critical communications (MCX) Future communications and tower infrastructure AI assistance systems New deployment models R&D about 6%1) Cloud solutions Software-as-a-service Expansion of product and technology portfolio Security Data analytics 1) About 6% of revenues expensed for company- funded R&D activities; another 6% financed by customers and project funds. M&A Investor Presentation August 2026| Vision: #1 in control centre solutions through innovations 8
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Investor Presentation August 2026|9 © Frequentis AG 2026 Outlook and management agenda for 2026 Note: Expectations may be affected by inflation, shortages on IT hardware market, temporary shifts in orders or revenues, tariffs, and protectionist measures. Orders on hand €835m as at 30 June ’26 Aim to increase revenues by about 15% EBIT margin of about 7.0% Capex of about €15m. Company-funded R&D expenses of about 6% of revenues. | © Frequentis AG 2026Investor Presentation August 20269 Aim to increase order intake
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Appendix
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Investor Presentation August 2026|11 © Frequentis AG 2026 Annual view: Revenues and EBIT margin development 8.7% 2021 2022 2023 2024 2025 29 334 25 386 27 427 32 480 47 580 6.5% 6.2% 6.7% 8.1% 5.7% 2021 4.0% 2022 3.4% 2023 5.3% 2024 4.9% 2025 12 220 10 258 10 293 18 338 20 401 EBIT Revenues EBIT margin 14.6% 2021 11.7% 2022 12.4% 2023 10.0% 2024 15.0% 2025 17 114 15 128 17 134 14 142 27 179 Note: FY 2021 EBIT/EBIT margin positively influenced by lower travel / trade fair expenses due to pandemic travel restrictions. FY 2025: EBIT/EBIT margin include an €8m claim settlement in Public Safety & Transport; excluding this, Group EBIT margin would be 6.7%. Air Traffic Management Public Safety & TransportGroup Investor Presentation August 2026|11 © Frequentis AG 2026
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Investor Presentation August 2026|12 © Frequentis AG 2026 Comments Net working capital fell to 18.9% of LTM revenues Total working capital stable despite revenue increase of more than EUR 100m Details of H1 2026: - Inventories grew relatively slower than revenues - Decrease of trade accounts receivable - Higher contract assets - Slow decrease of contract liabilities - Higher trade accounts payable Components of working capital 61.3 2.4 -72.1 -18.9 31.12.2023 32.9 80.1 70.9 2.5 -57.6 -23.4 31.12.2024 51.8 144.7 68.2 4.5 -109.0 -33.8 31.12.2025 Inventories Trade accounts receivable Contract assets Contract costs Contract liabilities Trade accounts payable 80.3 105.4 126.4 30.06.2025 109.5 -28.7 -84.7 2.2 26.6 94.6 42.6 30.06.2026 129.8 -47.5 83.6 4.9 98.8 112.6 64.5 81.0 -103.5 18.8% in € m Net working capital in % of LTM (last twelve months) revenues 20.5% 21.4% 18.9%21.8%
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Investor Presentation August 2026|13 © Frequentis AG 2026 Fire services Civil Public Safety MaritimeDefence Public Transport Offshore Army Urban rail Air navigation service providers Air Traffic Management Public Safety and Transport Police forces Coast guard / navy Air force Heavy rail Aeronautical data service providers Critical infrastructure for industries Search and rescue Homeland security Airports Emergency and medical services Port authorities Navy Flight information service providers Joint forces Uncrewed traffic service providers Space agencies We are the only company focusing solely on safety-critical control centres Critical network operators Critical network operators
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© Frequentis AG 2026| | Investor Presentation August 202614 Replacement of TETRA by MCX Replacement of GSM-R by FRMCS MCX delivers enhanced safety through real-time, encrypted, and prioritised communications Frequentis is involved in the rollout of MCX in the UK for 300,000 emergency service personnel Mission-critical, prioritised communication via 5G networks 5G network First responders Control room Control room Apps for mobile phones Inter- workingDataVideoVoice Frequentis solutions & services Note: The market is currently undergoing a transition from TETRA for emergency services and GSM-R for railway communications to next-generation 5G-based MCX and FRMCS (Future Railway Mobile Communication System) solutions. This trend is evidenced by successful deployments, extensive field trials, and a growing number of announced and active procurement programs.
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© Frequentis AG 2026| | Investor Presentation August 202615 It is estimated that the total drone market in Europe, including hardware, will be more than €10 billion in 2030 Europe-wide regulations largely in place Standardised airspace management for air traffic control Information systems for all participants in the airspace Friend / enemy detection for drone defence Automated control system for rescue missions and inspection flights Service range Consultancy & evaluation of legal framework Technical realisation & integration Cloud-based operation Drone market is growing continuously
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Investor Presentation August 2026|16 © Frequentis AG 2026 Remote Digital Tower Rethinking airport operations Deployable Tower
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Investor Presentation August 2026|17 © Frequentis AG 2026 Investor Presentation August 2026|17 Split by category Split by revenue type 54% 43% 3% 2025 56%41% 3% 2024 Follow-on business for installed systems and solutions (IBB/installed base business) New products for established customers and existing products for new customers Consulting and other 30% >35% ~20% <10% 3% In-project services Maintenance Software Hardware Consulting and other
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Investor Presentation August 2026|18 © Frequentis AG 2026 Consistent M&A strategy: Expansion of product and technology portfolio 7 years listed on the stock exchange: 10 acquisitions ATRiCS Germany ATM 2020 Nemergent Spain PST Orthogon Germany ATM C4i Australia ATM ATC Canada ATM Regola Italy PST Aviamaps Finland ATM 2020 2021 2021 2021 2022 2022 2023 ATM = Air Traffic Management, PST = Public Safety & Transport Product for optimisation of taxiing at airports: TowerPad Services for mission-critical voice and data communications Optimisation of air traffic: arrival and departure manager Products for military voice communi- cations Competence centre for voice and data communications in North America Command and control solutions for emergency services Real-time flight management system for drone flights GuardREC ATC Norway ATM 2023 Legal recor- dings and data analytics FRAFOS Germany PST Special firewall for enhanced cybersecurity requirements Groiss Informatics Austria ATM 2024 Workflow management systems 18
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Investor Presentation August 2026|19 © Frequentis AG 2026 Financial policy framework © Frequentis AG 2026 Maintain net cash position at a minimum level of about 10% of Group revenues Capex of about €15m in 2026 (2025: €13.8m) Company-funded R&D expenses in 2026 at about 6% of revenues Equity ratio of > 35% Investor Presentation August 2026|19
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Investor Presentation August 2026|20 © Frequentis AG 2026 Reasons to invest in Frequentis Stability for decades Largely independent of macroeconomic trends Growing faster than the market Av. 15% p.a. revenue growth in past 4 yrs Av. 4-5% p.a. market growth Growth drivers fully intact Security Mobility Technology 20
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Investor Presentation August 2026|21 © Frequentis AG 2026 1) Initial application of IFRS 16 (Leases) from 1 January 2019 (note 41 to the consolidated financial statements 2019). n/a = not available, n.m. = not meaningful All figures in € m unless otherwise stated. Earnings data 2025 2024 +/- in % +/- in €m 2023 2022 2021 2020 20191) 2018 2017 2016 2015 2014 2013 Revenues 580.1 480.3 +20.8% 99.8 427.5 386.0 333.5 299.4 303.6 285.8 266.9 241.2 220.2 204.0 186.3 EBITDA 66.9 54.1 +23.7% 12.8 44.2 45.6 46.5 41.9 30.2 21.6 20.0 17.7 16.6 15.9 13.0 EBITDA margin 11.5% 11.3% +0.2 PP – 10.3% 11.8% 13.9% 14.0% 9.9% 7.6% 7.5% 7.3% 7.5% 7.8% 7.0% EBIT 46.8 32.1 +45.7% 14.7 26.6 25.0 29.0 26.8 17.2 15.6 14.3 12.4 12.5 12.4 9.2 EBIT margin 8.1% 6.7% +1.4 PP – 6.2% 6.5% 8.7% 9.0% 5.7% 5.5% 5.4% 5.2% 5.7% 6.1% 4.9% Profit for the financial year 33.7 23.5 +42.9% 10.1 20.0 18.9 20.8 -3.4 12.5 11.8 10.7 9.2 11.2 7.1 7.3 Earnings per share in € 2.13 1.66 +28.6% – 1.39 1.41 1.50 -0.30 0.93 0.94 0.82 n.m. n.m. n.m. n.m. Dividend in EUR (for the financial year) 0.30 0.27 +11.1% – 0.24 0.22 0.20 0.15 0.15 0.10 n.m. n.m. n.m. n.m. n.m. Order data 2024 +/- in % +/- in €m 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Order intake 680.2 583.8 +16.5% 96.4 504.8 404.8 333.2 314.6 333.7 306.3 287.8 259.5 219.1 215.7 204.4 Orders on hand (at year-end) 794.9 724.0 +9.8% 70.8 594.7 522.0 467.9 427.6 391.5 355.2 335.3 n/a n/a n/a n/a Statement of financial position 2024 +/- in % +/- in €m 2023 2022 2021 2020 20191) 2018 2017 2016 2015 2014 2013 Total assets 509.3 394.8 +29.0% 114.5 371.1 340.3 315.7 277.6 272.1 198.0 194.6 183.7 143.2 134.9 121.6 Shareholders´equity 196.8 174.8 +12.6% 22.1 155.6 147.3 129.9 111.4 116.2 85.6 90.1 81.0 73.9 68.2 64.6 Equity ratio 38.6% 44.3% -5.7 PP – 41.9% 43.3% 41.1% 40.1% 42.7% 43.3% 46.3% 44.1% 51.6% 50.6% 53.1% Net cash 104.7 81.8 +27.9% 22.8 84.3 91.0 101.1 85.0 77.8 55.4 70.0 59.5 38.1 41.7 31.2 No. of employees (average) 2,634 2,422 +8.7% – 2,217 2,081 1,937 1,907 1,849 1,763 1,697 1,606 1,309 1,248 1,215 Cas h flow s tatement 2024 +/- in % +/- in €m 2023 2022 2021 2020 20191) 2018 2017 2016 2015 2014 2013 Cash flow from operating activities 49.1 22.1 +122.6% 27.0 25.7 14.2 48.8 54.8 17.7 4.6 16.7 38.8 15.6 17.5 20.2 Cash flow from investing activities -9.6 -15.6 -38.1% 5.9 -18.8 -20.1 -24.6 -7.0 -4.6 -4.4 -4.4 -15.8 -14.5 -5.3 -5.1 Cash flow from financing activities -7.6 -13.9 -45.6% 6.4 -13.4 -16.5 -12.6 -10.1 8.0 -14.2 -3.7 7.7 -5.0 -4.7 0.8 Cash and cash equiv. at end of period 97.2 67.0 +45.1% 30.2 74.2 81.4 103.8 91.3 66.9 45.5 77.7 69.1 38.3 42.2 34.7
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Investor Presentation August 2026|22 © Frequentis AG 2026 Our experts for a safer world. We build solutions that enable our customers to make the world a safer place. 2,900 Global 1,300 Austria 63 nationalities 7.4yrs av. length of employment Group 10.3yrs av. length of employment HQs 23% female employees 4.5% staff turnover 43 av. age Strong employer brand Focusing on people who take responsibility and go the extra mile Fostering innovation and continuous learning Activities such as participation in Vienna Daughters' Day or ‘Women & Careers’ initiative Employees 22
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Investor Presentation August 2026|23 © Frequentis AG 2026 Customers are increasing investments in infrastructure and defence Investment in infrastructure Frequentis is part of national safety-critical infrastructures Market growth of 4% to 5% per year Frequentis Group revenues grew by 15% per year in past 4 yrs Increased investment by customers in mobility and safety Continuous advancement of our safety critical applications ► Digitalisation and automation Defence orders from around the globe Australia: Secure voice comm. system for AIR6500 programme UK: Continuous orders from the RAF for installed base business Germany: Renewal of military radar data network Austria: Modernisation of military communication systems Defence: changed circumstances Increasing investment in military security: additional budgets for control centres expected No immediate jump in orders and revenues expected Portfolio expansion: − Integration of / defence against drones − Remote digital tower − Surveillance / network solutions (distribution of radar data) − Voice communication systems remain core business 23
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Investor Presentation August 2026|24 © Frequentis AG 2026 Journey to mission critical services (MCX) Order for emergency services network based on MCX Frequentis partnering with IBM to deliver control room access to the emergency service network for 300,000 emergency responders Mission-critical services (MCX) network enhances efficiency and security for voice, video, and data Best MCX Product of the Year 2025 Industry Recognition Customers: Public Safety Organisations, Public Transport Operators, Utilities & Energy, Airports & Logistics, Industrial Operations, Enterprise & Business-Critical Communications Business Impact: Expands MCX through a certified, standards-based SDK for mission-critical and business-critical communication First prioritised communication on public mobile networks Safety-critical communications on public 4G/5G networks require prioritisation and guaranteed bandwidth to ensure reliable service First successful prioritised comm- unication marks a major milestone, positioning Frequentis to capture next-generation mission-critical communication opportunities 24 Note: SDK = Software developer kit for connecting existing and new apps with MCX
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Investor Presentation August 2026|25 © Frequentis AG 2026 Initial certification under ISO 50001 Energy Management Vienna HQs First MSCI ESG rating May 2026: “Beruf & Familie” certification as a family-friendly employer ENVIRONMENT GOVERNANCESOCIAL Current ESG achievements & agenda Active involvement in several SESAR initiatives Air Traffic Management master plan for “green aviation” SBTi commitment Binding greenhouse gas targets to be defined by year-end 2026 EcoVadis rating Increasingly important for customers/markets Note: SBTi = Science Based Targets initiative, a collaboration between Carbon Disclosure Project, UN Global Compact and others. SESAR = Single European Sky ATM Research Programme, an initiative of the European Commission.
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Investor Presentation August 2026|26 © Frequentis AG 2026 550+ customers 150 countries 150+ Active channel partners for 125 countries Regional offices Channel partners Frequentis Hubs with hubs for added customer proximity Subsidiaries Frequentis Vienna, Austria 1947 1955 1983 CHI UAESVK USAUK CAN AUS ROU BRA NOR FRA 1990 - 1999 2000 - 2009 2010 - 2019 GER
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Investor Presentation August 2026|27 © Frequentis AG 2026 Strategy, Global Sales, Strategic Business Units, Corp. Comms & Marketing, Investor Relations, New Business Development & Invest4Tech, New Market Solutions, Partnerships and M&A Norbert Haslacher CEO Chairman Hannes Bardach Deputy chairman Karl Michael Millauer Executive boardSupervisory board Members Sylvia Bardach Reinhold Daxecker Boris Nemsic Petra Preining Delegated by the Workers’ Council Thomas Brandweiner Belinda Klugmayer Reinhard Steidl Finance, Human Resources, IT, Legal, Facility Management, Internal Audit & Compliance Peter Skerlan CFO Project Management & PMO, Customer Services, Occupa- tional Health & Safety (OHS), Sustainability & ESG, Group Governance, Processes & Efficiency, Quality / System / Safety / Group-Management Monika Haselbacher COO Technology Management, Production & Logistics, Procurement, Product Management, Security Karl Wannenmacher CTO
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Investor Presentation August 2026|28 © Frequentis AG 2026 13,280,000 shares outstanding Shareholder structure Core shareholder H. Bardach about 68% B&C Holding Österreich about 8% Free float about 24% 14 May 2019 Initial listing ATFREQUENT09 ISIN FQT Ticker symbol www.frequentis.com/en/ir Investor relations website Listed on Frankfurt and Vienna stock exchanges
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Investor Presentation August 2026|29 © Frequentis AG 2026 Investor Relations contact Financial Calendar Disclaimer: This document has been prepared by Frequentis AG (hereinafter “Frequentis” or the “Issuer”) for information purposes only. It neither constitutes a financial analysis nor investment advice or recommendation, nor an offer to sell or a solicitation of an offer to buy any securities of the Issuer. Figures and any other contents in this document prepared by Frequentis are based on information from sources, which are reliable in the view of Frequentis, but have not been independently verified or audited. Rounding differences may arise. Frequentis is not obliged to update this document or to adjust it to future occurrences or developments. Despite careful examination, Frequentis does not make any declaration, guarantee, representation or warranty that this document is true, correct, complete, balanced and not misleading. Consequently, no reliance should be placed on the fairness, accuracy, completeness or correctness of this information or the opinions contained herein. Frequentis may not be held liable for any damages resulting from or in connection with any potential errors and, in particular, does not assume any liability for damages or consequential damages resulting from the use of this document. This document contains forward-looking statements. As such, such statements bear risks, uncertainties and other factors which may result in the actual results, financial condition, performance or achievement of objectives, of or by the Issuer materially differing from the results described in these forward-looking statements. Recipients of this information should not consider it as legal, tax or investment advice and should make their own assessment in respect thereof and other consequences resulting from investments in the Issuer and its securities, including the advantages of investments and the risks connected therewith. By accessing this information you confirm towards Frequentis that (i) you may receive this information in accordance with all applicable laws, and (ii) you are solely responsible for your own evaluation of the Issuer and that you will make your own analysis and that you are solely responsible to form your own opinion on the potential future development of the Issuer. Financial Calendar / Conference / roadshow dates at www.frequentis.com/financialcalendar Stefan Marin, Head of Investor Relations +43 1 81150 - 1074 investor@frequentis.com www.frequentis.com/en/ir Innovationsstrasse 1, 1100 Vienna, Austria ISIN: ATFREQUENT09, WKN: A2PHG5 Photo credits: free pictures by unsplash.com, Frequentis