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CANCOM Earnings Call H1.26 11 August 2026 Rüdiger Rath , CEO Thomas Stark , CFO For English real - time translation : 1 ) Wait for the call to start 2 ) Please scan the QR - Code 3 ) Choose Language 4 ) Use headphones and listen to the interpretation
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2 Earnings Call H1.26 I 11 August 2026 DISCLAIMER This presentation contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of CANCOM may differ materially from those expressed or implied by such forward- looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any projections of revenue, margins or other financial items; any projections of the amount, timing or impact of cost savings; any statements of the plans, strategies and objectives of management for future operations, including any resulting cost savings or revenue or profitability improvements; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on CANCOM and its financial performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing CANCOM’s businesses; the competitive pressures faced by CANCOM’s businesses; risks associated with executing CANCOM’s strategy; the impact of macroeconomic and geopolitical trends and events; the protection of CANCOM’s intellectual property assets; the development and transition of new services and the enhancement of existing services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by CANCOM and its suppliers, customers and partners; the hiring and retention of employees; integration and other risks associated with business combination and investment transactions; and other risks that are described in CANCOM’s Annual Report for the financial year ended 31 December 2023. CANCOM assumes no obligation and does not intend to update these forward-looking statements. No representation or warranty – whether expressed or implied – is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained therein. Neither the company nor any of its affiliates shall have any liability whatsoever (in negligence or otherwise) for any loss arising from any use of this presentation or its content or otherwise arising in connection with this presentation. This presentation does not constitute an offer or invitation to purchase, subscribe for, hold or sell any shares or other securities and neither this presentation nor any part of it shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever LEGAL NOTICE 2
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3 Earnings Call H1.26 I 11 August 2026 Significant Events in H1.26 3 Increase in Business volume by 2.7 % yoy; Group revenue of € 775.9m in H1.26 (H1.25: 803.8m). Revenue +34.1 % yoy increase in Group EBITDA to € 49.2m in H1.26 (H1.25: € 36.7m); Gross profit up 2.2% yoy and cost saving measures of 2025 are materialising.EBITDA OCF Operating Cashflow of € -109.6m reflects increase in project business. Further improvement in profitability in H1.26 reflects the benefits from the favourable gross profit and ongoing efficiency gains from measures implemented in 2025.
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4 Earnings Call H1.26 I 11 August 2026 BUSINESS MOMENTS & KEY TRENDS BUSINESS MODEL • CANCOM pursues a holistic cybersecurity approach. This ranges from consulting and compliance to managed services, incident response, red teaming, and the operation of the CANCOM Cyber Defense Center. CUSTOMERS & PARTNERS • CANCOM becomes an NVIDIA AI Factory Specialization Partner • Awarded ‘AI Innovator’ status by the German Innovation Institute • Roadshow: The CANCOM Agentic AI Circle • CANCOM AI Factory Summit 2026: From visions to scalable AI operations • Palo Alto Networks Expert Day: Security Strategy Meets Practice • Awarded Triple Platinum Plus partner status by HPE • CANCOM once again tops the Invidis digital signage ranking: 1st place in DACH TECHNOLOGY & INNOVATION • CANCOM published the Cyber Security Report 2026 and highlights the rise of AI-powered cyber attacks and digital sovereignty as critical security factors INTERNAL EFFICIENCY • With Microsoft Copilot & Cowork, we introduced a solution that provides our staff with practical AI-support in their day- to-day work. • With the launch of the Copilot+ PCs, CANCOM deploys this new class of devices internally. To test the new ARM- based platform in working conditions and gaining experience with locally executed AI functions • Increased efficiency through AI projects: 748 active internal AI Agents like Premium Support Agents, Contract Agents, Offer Agents M&A & INTEGRATION • CANCOM is building a new logistics and service center in the greater Hamburg area
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5 Earnings Call H1.26 I 11 August 2026 Our Portfolio & Focus Topics 5 AI & Digital Solutions Internet of Things Workplace Datacenter & Cloud Security & Connectivity Enterprise Applications HARDWARE & SOFTWARE PROFESSIONAL SERVICES SUPPORT SERVICES MANAGED SERVICES & XAAS HEALTHCARE PUBLIC FINANCE EDUCATION PRODUCTION RETAIL TRANSPORT DEFENSE
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6 FINANCIALS H1 2026 6
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7 Earnings Call H1.26 I 11 August 2026 H1.26 Group: Further sequential improvement in profitability. 803.8 775.9 +34.0% REVENUE H1.26 EBITDA € million € million EBITDA MARGIN -3.5% H1.25 % +6.3% H1.25: +4.6% Headcount of 5.216 (-4.3% yoy) in H1.26. 36.7 49.2H1.26 H1.25
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8 Earnings Call H1.26 I 11 August 2026 Q2.26 Group: Strong increase in EBITDA. 393.2 368.9 +41.4% REVENUE Q2.26 EBITDA € million € million EBITDA MARGIN -6.2% Q2.25 % +6.0% Q2.25: +4.0% Improved gross profit and ongoing efficiency gains from measures implemented in 2025. 15.7 22.2Q2.26 Q2.25
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9 Earnings Call H1.26 I 11 August 2026 Q2.26 Segment Germany: Margin increase and cost measures bearing fruits. 249.0 235.3 +210.2% REVENUE Q2.26 EBITDA € million € million EBITDA MARGIN -5.5% Q2.25 % +6.5% Q2.25: +2.0% 4.9 15.2Q2.26 Q2.25
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10 Earnings Call H1.26 I 11 August 2026 Q2.26 Segment International: Impacted by EU Public business . 10.8 7.0 144.2 133.6 REVENUE Q2.26 EBITDA € million € million EBITDA MARGIN -7.4% Q2.25 Q2.26 Q2.25 -35.2% % +5.3% Q2.25: +7.5%
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11 Earnings Call H1.26 I 11 August 2026 Operating Cash Flow: Increase in project business. 56.3 12.4 -10.1 134.3 3.1 -2.2 -12.6 151.4 -60.0 -49.6 Q1.24 Q2.24 Q3.24 Q4.24 Q1.25 Q2.25 Q3.25 Q4.25 Q1.26 Q2.26 Q3.26 Q4.26 FY.25: +139.8FY.24: +192.9 YTD.26: -109.6 NET CASH* € million -1.2 H1.25: 85.0 * Cash and cash equivalents - Current liabilities to credit institutions € million
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12 Earnings Call H1.26 I 11 August 2026 CapEx: Well on track to reach target. YTD.26: 9.0FY.25: 14.9 6.5 5.6 5.1 5.1 4.1 4.0 3.5 3.3 5.7 3.4 Q1.24 Q2.24 Q3.24 Q4.24 Q1.25 Q2.25 Q3.25 Q4.25 Q1.26 Q2.26 Q3.26 Q4.26 CAPEX / REVENUE 1.2% H1.25: 1.0% € million % FY.24: 22.3
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13 Earnings Call H1.26 I 11 August 2026 PPA based amortization and EPS effects. .26 .24 .23 .25 .21 .22 8.8 6.9 5.2 4.1 2.4 PPA EFFECT ON AMORTIZATION 2029 € million before tax 2025 2028 2027 2026 H1.26 H1.25 EARNINGS PER SHARE (€) from continued operations 0.38 0.09 0.21 0.18 0.14 0.11 0.06 PPA EFFECT ON EPS 2029 € per share after tax 2025 2028 2027 2026
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OUTLOOK 2026 14
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15 Earnings Call H1.26 I 11 August 2026 Forecast 2026: Confirmed € million Forecast 2025 Revenue 1,750 – 1,850 1,714.7 EBITDA 110 – 130 102.7 EBITA 55 – 75 48.0
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16 Earnings Call H1.26 I 11 August 2026 Financial Calendar 2026 2026 21 - 23 September Berenberg / Goldman Sachs German Corporate Conference 2026 12 November Quarterly Statement as at 30 September 2026 23 - 25 November Analyst conference as part of the German Equity Forum, Frankfurt/Main 30 November - 1 December Berenberg European Conference 2026
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17 Earnings Call H1.26 I 11 August 2026 Q+A
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Contact Investor Relations Team: Lars Dannenberg lars.dannenberg@cancom.de +49 89 54054 5193