Slides
Page 1
Q2 2026 Results August 2026 INVESTOR PRESENTATION
Page 2
| AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION Claus Rydkjær President & CEO Carsten Ringius Executive Vice President & CFO 2 Today’s presenters
Page 3
|| Agenda AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 3 Key business highlights Group financials & outlook Closing remarks and Q&A FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, which include estimates of financial performance and targets. These statements are not guarantees of future performance and involve certain risks and uncertainties. Therefore, actual future results and trends may differ materially from what is forecast in this report due to a variety of factors.
Page 4
|| Performance on track AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 4 Revenue DKKm 441.6 (-4.5% growth vs LY) Constant currency % -4.4% (-1.7% Q2 25) Group EBIT excl. special items, DKKm 21.3 (DKK 22.9m Q2 25) Group EBIT margin excl. special items, % 4.8% (5.0% Q2 25) Q2 2026 KEY FIGURES 01 | KEY BUSINESS HIGHLIGHTS
Page 5
|| Strategy update setting direction for the transformation AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 5 01 | KEY BUSINESS HIGHLIGHTS Full-year financial outlook maintained Transformation program initiated with updated strategy to follow Improved operational performance leading to QoQ uplift AI platforms applied to customer engagements, bids and internal processes
Page 6
|| US returned to strong profitability while Europe and Asia are challenged AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 6 01 | KEY BUSINESS HIGHLIGHTS REGION EUROPE • Q2’s revenue development significantly impacted by lower order entry in Q1 • Tier 2/3 segments continue to grow whilst tier 1 segment continues to be more cautious • Profitability decline partly offset by realization of cost saving initiatives and capacity adjustments Q2 2026 -11.9% (-13.3% Q2 25) 11.1% (16.2% Q2 25) Constant currency growth Regional EBIT margin REGION US • Recovering at a steady pace with profitability returning to previous levels • Higher sales activity supporting the backlog and order entry • NDC-12 pilot program gaining solid traction Q2 2026 REGION ASIA • Revenue negatively impacted by lower generation from an existing tier-1 customer • Local market customer segment is growing with solid demand • Singapore divested 31 July • Profitability decline fully attributed to revenue contraction, partly offset by cost savings Q2 2026 -11.2% (4.1% Q2 25) 29.5% (21.7% Q2 25) Constant currency growth Regional EBIT margin -10.6% (4.4% Q2 25) 5.2% (7.1% Q2 25) Constant currency growth Regional EBIT margin
Page 7
|| Continued solid momentum AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 7 01 | KEY BUSINESS HIGHLIGHTS PUBLIC DK • Strong growth driven by ramp-up of new projects • Increased tender activity after the new government was formed • Lumina delivering promising early results after being deployed to selected customers • Profitability uplift driven by revenue uplift, cost reductions and capacity adjustments SCALES • Continued strong growth driven by a mix of new customer projects and expansion of existing engagements • Integration of former Region DK Microsoft services completed • Slight profit decline mainly due to increased usage of sub-contractors and some newer projects with lower margin compared with previous projects Q2 2026 10.0% (-8.1% Q2 25) 10.4% (6.4% Q2 25) Constant currency growth Regional EBIT margin Q2 2026 10.9% (24.0% Q2 25) 21.2% (26.6% Q2 25) Constant currency growth Regional EBIT margin
Page 8
|| Agenda AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 8 Key business highlights GROUP FINANCIALS & OUTLOOK Closing remarks and Q&A
Page 9
|| Financial results tracking according to plan AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 9 Q2 2026 FINANCIAL HIGHLIGHTS, DKKm & % 02 | GROUP FINANCIALS & OUTLOOK KEY FINANCIALS, DKKm Q2 2026 Q2 2025 FY 2025 Revenue 441.6 462.2 1,787.6 Regional EBIT 67.9 75.1 292.1 Group EBIT excl. special items 21.3 22.9 94.2 Special items 18.5 20.3 83.3 Free cash flow 8 -61 -47 FINANCIAL RATIOS Q2 2026 Q2 2025 FY 2025 Reported revenue growth, % -4.5% -2.5% -3.4% Constant currency growth, % -4.4% -1.7% -2.8% Regional EBIT margin, % 15.4% 16.2% 16.3% Group EBIT margin excl. special items, % 4.8% 5.0% 5.3% HIGHLIGHTS Revenue and Constant currency growth dampened by a lower-than-usual order entry from Q1, leading to revenue contraction in the life science segment. Strong growth in Public DK and SCALES • Quarter-over-quarter improvement driven by growth initiatives carried out early in the quarter Group EBIT excl. special items broadly in line with same quarter last year despite significantly lower revenue • Operational efficiency gains and cost savings materializing as planned including further capacity adjustments made Free cash flow materially improving mainly due lower cost base, improved customer payment timing and completion of earn-out
Page 10
|| Full-year financial outlook maintained AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 10 02 | GROUP FINANCIALS & OUTLOOK FINANCIAL OUTLOOK 2026 CONSTANT CURRENCY REVENUE GROWTH GROUP EBIT MARGIN EXCL. SPECIAL ITEMS Single-digit negative Below last year’s level of DKK 83m SPECIAL ITEMS 4% to 7% OUTLOOK 2026 ASSUMPTIONS & KEY DRIVERS Constant currency revenue growth to gradually improve throughout the year driven by growing order entry, already initiated growth initiatives and further initiatives to be identified as part of the transformation Group EBIT margin excl. special items is expected to continue to improve due to realization of effectuated cost-saving initiatives, focus on further reducing the full cost base through capacity adjustments and other structural levers Special items to be “Below last year’s level of DKK 83m” which will mainly consist of restructuring cost Key assumptions • No further deterioration of the current macroeconomic environment • No M&A activity assumed in financial outlook for 2026
Page 11
|| Agenda AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 11 Key business highlights Group financials & outlook CLOSING REMARKS AND Q&A
Page 12
|| Closing remarks AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 12 03 | CLOSING REMARKS & Q&A BUSINESS & FINANCIAL PERFORMANCE IMPROVING STRATEGY UPDATE SETTING DIRECTION FOR TRANSFORMATION AI PLATFORM MOVED INTO COMMERCIAL APPLICATION FULL-YEAR OUTLOOK MAINTAINED
Page 13
|| AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 13 03 | CLOSING REMARKS & Q&A Q&A
Page 14
| 14AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION APPENDIX
Page 15
|| Group P&L AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION NNIT A/S Quarterly performance FY performance DKKm Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 FY25 FY24 Revenue 441.6 422.5 430.0 431.6 462.2 1,788 1,851 Production cost 339.6 337.5 324.0 318.5 353.5 1,341 1,372 Gross profit 102.0 84.9 106.0 113.1 108.7 447 479 Gross margin 23.1% 20.1% 24.7% 26.2% 23.5% 25.0% 25.8% Regional overhead cost 34.1 38.2 41.9 34.1 33.5 155 180 Regional operating profit 67.9 46.8 64.1 78.9 75.1 292 299 Regional operating profit margin 15.4% 11.1% 14.9% 18.3% 16.3% 16.3% 16.2% Corporate cost 46.6 45.6 46.0 43.4 52.2 198 182 Group operating profit excl. special items 21.3 1.1 18.1 35.6 22.9 94 117 Group operating profit margin excl. special items 4.8% 0.3% 4.2% 8.2% 5.0% 5.3% 6.3% Special items 18.5 8.3 29.8 7.9 20.3 83 69 Group operating profit incl. special items 2.8 -7.2 -11.9 27.7 2.7 11 48 Group operating profit margin incl. special items 0.6% -1.7% -2.8% 6.4% 0.6% 0.6% 2.6% 15
Page 16
|| Region Europe P&L AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION Region Europe Quarterly performance FY performance DKKm Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 FY25 FY24 Revenue 141.8 142.8 151.7 148.0 160.5 629 699 Production cost 115.5 116.1 115.9 115.7 126.4 486 543 Gross profit 26.3 26.7 35.8 32.3 34.1 143 157 Gross margin 18.5% 18.7% 23.6% 21.8% 21.3% 22.7% 89.4% Regional overhead cost 10.6 9.7 9.9 10.6 8.1 46 57 Regional operating profit 15.7 17.0 25.9 21.7 26.0 97 100 Regional operating profit margin 11.1% 11.9% 17.1% 14.7% 16.2% 15.4% 56.8% Corporate cost 21.3 21.1 16.2 15.4 18.9 72 61 Group operating profit excl. special items -5.6 -4.1 9.7 6.4 7.1 25 39 Group operating profit margin excl. special items -3.9% -2.9% 6.4% 4.3% 4.4% 4.0% 21.8% 16
Page 17
|| Region US P&L AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION Region US Quarterly performance FY performance DKKm Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 FY25 FY24 Revenue 77.4 66.6 53.8 82.7 89.2 313 346 Production cost 47.1 53.8 37.2 53.0 59.6 200 207 Gross profit 30.3 12.8 16.6 29.7 29.6 113 139 Gross margin 39.1% 19.2% 30.9% 35.9% 33.2% 36.1% 40.0% Regional overhead cost 7.5 10.9 12.5 8.9 10.2 42 66 Regional operating profit 22.8 1.9 4.1 20.8 19.4 71 73 Regional operating profit margin 29.5% 2.9% 7.6% 25.2% 21.7% 22.6% 21.2% Corporate cost 10.2 10.2 8.0 8.0 9.7 36 34 Group operating profit excl. special items 12.6 -8.3 -3.9 12.8 9.7 35 39 Group operating profit margin excl. special items 16.3% -12.5% -7.2% 15.5% 10.9% 11.1% 11.3% 17
Page 18
|| Region Asia P&L AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION Region Asia Quarterly performance FY performance DKKm Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 FY25 FY24 Revenue 34.8 32.3 36.1 41.8 37.9 153 149 Production cost 29.3 27.6 27.6 33.0 31.2 122 123 Gross profit 5.5 4.7 8.5 8.8 6.7 31 26 Gross margin 15.8% 14.6% 23.5% 21.0% 17.7% 20.2% 17.2% Regional overhead cost 3.7 3.8 3.4 3.7 4.0 15 18 Regional operating profit 1.8 0.9 5.1 5.1 2.8 16 8 Regional operating profit margin 5.2% 2.8% 14.1% 12.1% 7.3% 10.3% 5.2% Corporate cost 5.3 5.2 3.9 3.8 4.4 17 14 Group operating profit excl. special items -3.5 -4.3 1.2 1.2 -1.6 -1 -6 Group operating profit margin excl. special items -10.1% -13.3% 3.3% 2.9% -4.2% -0.7% -4.0% 18
Page 19
|| Public DK incl. passthrough AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION Public DK incl. passthrough Quarterly performance FY performance DKKm Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 FY25 FY24 Revenue 92.7 88.1 97.7 77.7 89.0 352.3 389.1 Production cost 76.8 72.8 80.3 67.7 77.2 304.1 309.0 Gross profit 15.9 15.3 17.4 10.0 11.8 48.2 80.1 Gross margin 17.2% 17.4% 17.8% 12.9% 13.3% 13.7% 20.6% Regional overhead cost 8.4 10.1 10.6 7.2 7.6 32.3 21.6 Regional operating profit 7.5 5.2 6.8 2.8 4.2 15.9 58.5 Regional operating profit margin 8.1% 5.9% 7.0% 3.6% 4.7% 4.5% 15.0% Corporate cost 9.8 9.1 17.9 16.0 19.2 73.4 72.5 Group operating profit excl. special items -2.3 -3.9 -11.1 -13.2 -15.0 -57.5 -14.0 Group operating profit margin excl. special items -2.5% -4.4% -11.4% -17.0% -16.9% -16.3% -3.6% 19
Page 20
|| Public DK excl. passthrough AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION Public DK excl. passthrough Quarterly performance FY performance DKKm Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 FY25 FY24 Revenue 72.3 71.5 64.8 61.0 65.7 259.7 285.6 Production cost 56.4 56.2 47.4 51.0 53.9 211.5 205.5 Gross profit 15.9 15.3 17.4 10.0 11.8 48.2 80.1 Gross margin 22.0% 21.4% 26.9% 16.4% 18.0% 18.6% 28.0% Regional overhead cost 8.4 10.1 10.6 7.2 7.6 32.3 21.6 Regional operating profit 7.5 5.2 6.8 2.8 4.2 15.9 58.5 Regional operating profit margin 10.4% 7.3% 10.5% 4.6% 6.4% 6.1% 20.5% Corporate cost 9.8 9.1 17.9 16.0 19.2 73.4 72.5 Group operating profit excl. special items -2.3 -3.9 -11.1 -13.2 -15.0 -57.5 -14.0 Group operating profit margin excl. special items -3.2% -5.5% -17.1% -21.6% -22.8% -22.1% -4.9% 20
Page 21
|| SCALES AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION SCALES Quarterly performance FY performance DKKm Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 FY25 FY24 Revenue 94.9 92.7 92.7 92.7 92.7 92.7 92.7 Production cost 70.9 67.2 67.2 67.2 67.2 67.2 67.2 Gross profit 24.0 25.5 25.5 25.5 25.5 25.5 25.5 Gross margin 25.3% 27.5% 27.5% 27.5% 27.5% 27.5% 27.5% Regional overhead cost 3.9 3.7 3.7 3.7 3.7 3.7 3.7 Regional operating profit 20.1 21.8 21.8 21.8 21.8 21.8 21.8 Regional operating profit margin 21.2% 23.5% 23.5% 23.5% 23.5% 23.5% 23.5% Corporate cost 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Group operating profit excl. special items 20.1 21.8 21.8 21.8 21.8 21.8 21.8 Group operating profit margin excl. special items 21.2% 23.5% 23.5% 23.5% 23.5% 23.5% 23.5% 21
Page 22
||AUG 2026 NNIT | Q2 2026 RESULTS | INVESTOR PRESENTATION 22