Slides
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 H1 2026 Conference call HusCompagniet 28 August 2026
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 Update on strategic priorities Good progress towards recalibration of Semi-detached ✓ Prefabrication factory divested in April ✓ Full reorganisation of business unit ✓ Experienced leadership and strong project management competencies ✓ Challenged B2B projects progressed as planned – one delivered early Q3 Revised market approach ▪ Engage as a developer in selected, low-complexity projects ▪ Clearly defined risk profiles, execution framework and counterparties ▪ Pursue opportunities on own land ▪ Collaborate with partners on projects on their land plots
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 Solid Danish economy with fluctuations in consumer sentiment Adjusted Group Consumer confidence indicator, Denmark • Danish economy remained solid • Fluctuating consumer sentiment affect Detached activities • Largely stable raw material prices • Close monitoring of Middle East instability • New Swedish mortgage regulations expected to support new build market Comments -40 -20 0 20 2017 2018 2019 2020 2021 2022 2023 2024 2025 20262016 Long fixed bond rate, mortgage rate (%) Sources: Statistics Denmark and Finance Denmark 2016 2017 2022 20242020 3 2025 0 1 2 3 4 5 6 20262018 2019 2021 2023
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 Highlights Q2 2026 Revenue DKK 855m Q2 2025: DKK 740m EBITDA* DKK 12m Q2 2025: DKK 23m Margin* 1.4% Q2 2025: 3.1% Free cash flow DKK 36m Q2 2025: DKK -12m Gross profit DKK 125m Q2 2025: DKK 136m Margin 14.6% Q2 2025: 18.4% 4 • Growth across all segments • Higher Detached ASP • More B2B deliveries • Semi-detached progress • Impact from unusually cold winter • Reflected gross profit development • Preliminary loss of DKK 71m from divestment of factory • WC changes after delayed Detached deliveries, adjustment of non-cash items and factory divestment 3 * before loss from divestment of subsidiaries
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 Highlights H1 2026 Revenue DKK 1,645m H1 2025: DKK 1,375m EBITDA* DKK 30m H1 2025: DKK 39m Margin* 1.8% H1 2025: 2.9% Free cash flow DKK -61m H1 2025: DKK -26m Gross profit DKK 255m H1 2025: DKK 260m Margin 15.5% H1 2025: 18.9% 5 • Progress after execution on backlog • Deliveries higher in Semi-detached and Sweden • Positive impact from Semi-detached • Lower Detached contribution due to effects of cold winter • Decline following lower gross profit • WC changes and divestment • Net debt reduced as WC changes were partly offset by factory sale 3 * before loss from divestment of subsidiaries
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 Dampened sales in Q2 Segment split development Q2 and H1 2026 Comments • Detached Q2 sales decreased 11% with fluctuating consumer sentiment • Semi-detached Q2 sales declined 17% in line with revised strategy • Wooden houses Q2 sales up by 21% • Political incentives to boost new build implemented in Sweden • July 2026 unit sales: 40 in Detached, 4 in Semi-detached, and 4 in Wooden houses Quarterly sales (units) 13 219 194 212 272 368 241 533 356 345 376 432 198 309 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 2025 -25 Detached -16 Semi- detached 5 Wooden houses Q2 2026 345 309 6 H1 2025 (LTM) -53 Detached -130 Semi- detached -11 Wooden houses H1 2026 (LTM) 701 507
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 Increase in deliveries driven by Semi-detached Segment split development Q2 and H1 2026 Comments • Deliveries across segments increased 17% driven by Semi-detached. • Detached remained impacted by the effects of an unusually cold winter. • Stable number of Q2 deliveries in Wooden houses • July 2026 deliveries: 35 in Detached, 153 in Semi- detached, and 0 in Wooden houses Quarterly deliveries (units) 265 213 232 167 215 187 330 195 199 319 318 182 232 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 7 40 Q2 2025 -6 Detached Semi- detached -1 Wooden Houses Q2 2026 199 232 21 H1 2025 (LTM) Detached Semi- detached Wooden houses H1 2026 (LTM) 394 414 -3 2
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 Order backlog Net, DKKm Segments (net), DKKm Q2 2026 -264 Detached Semi- detached -13 Wooden houses Q2 2026 2,069 1,843 51 8 1,897 FY 2024 2,069 Q2 2025 2,282 FY 2025 1,843 Q2 2026 1,897 2,069 1,843 -11%
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 2026 outlook maintained Adjusted Group 395 348 108 104 61 2021 2022 2023 2024 2025 2026E 70-130 2021 2022 2023 2024 2025 2026E 4,317 4,330 2,381 2,297 2,957 3,000- 3,300 Revenue, DKKm EBITDA*, DKKm • Outlook positively affected by the solid order backlog, whereas continued geopolitical tension and conflicts have a negative impact on market dynamics, Low visibility, continued market volatility price sensitivity as well as the challenged B2B projects affecting profitability until H1 2027 have an unfavourable impact on earnings expectations for 2026. Guidance assumes no severe deterioration of the geopolitical tension in the Middle East causing disruption of supply chains or significantly increased raw material prices from Q2 levels. Expected delivery of 1,000-1,300 houses in 2026. • Sales (units) in July 2026 were 40 in Detached, 4 in Semi-detached, and 4 in Wooden houses. • HusCompagniet expects to return to paying dividends or exercise share buy backs once the leverage is back below the long-term target of 2x net debt to EBITDA. Assumptions Revenue DKK 3.0-3.3bn EBITDA before loss from divestment of subsidiaries DKK 70-130m EBIT before loss from divestment of subsidiaries DKK 15-75m Forward-looking statements This presentation includes forward-looking statements on various matters, such as expected earnings and future strategies and expansion plans. Such statements are uncertain and involve various risks, as many factors, some of which are beyond our control, may result in actual developments differing considerably from the expectations expressed. Such factors include, but are not limited to, general economic and business conditions, exchange rate and interest rate fluctuations, the demand for our services and competition in the market. 9*before loss from divestment of subsidiaries
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 H1 2026 Conference call – Q&A HusCompagniet 28 August 2026
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Right ½ Section HeadingLeft ½ Section Heading +12.70 +0.40 0.40 12.70 1.35 7.30 +6.00 +5.30 0.65 RGB 132;185;135 RGB 167;177;182 RGB 79;89;92 RGB 44;148;70 Segment performance 67% 29% Detached Semi-detached 4% Wooden houses Revenue split Q2 2026 Revenue split Q2 2025 11 73% 22% Detached Semi-detached 5% Wooden houses Denmark Detached houses Semi-detached houses Wooden houses Group DKKm Q2- 2026 Q2- 2025 Q2- 2026 Q2- 2025 Q2- 2026 Q2- 2025 Q2- 2026 Q2- 2025 Order backlog (net) 1,175 1,439 566 515 102 115 1,843 2,069 Revenue 569 542 248 161 38 37 855 740 Gross profit 92 108 19 9 14 18 125 136 EBITDA 7 27 0 -13 5 9 12 23 EBIT -2 20 0 -15 3 7 1 12 Share of own land 0.6% 5.3% n/a n/a n/a n/a 1.8% 7.8% Average Selling Price 3.1 2.8 1.6 n/a 1.3 1.3 n/a n/a Revenue growth (%) 5% 18% 54% 77% 3% 36% 16% 28% Gross margin 16.1% 20% 7.7% 5.8% 37.1% 50% 14.6% 18.4% EBITDA margin 1.2% 5.1% 0.1% -8.1% 12.4% 23% 1.4% 3.1% EBIT margin -0.4% 3.7% 0.1% -9.3% 6.7% 18.1% 0.1% 1.6% Houses sold (units) 203 228 77 93 29 24 309 345 Houses delivered (units) 164 170 40 n/a 28 29 232 199