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2 Disclaimer IMPORTANT: Please read the following before continuing. The following applies to this document, which has been prepared by Kingspan Gr oup plc (the “Company”, and together with its subsidiaries, the "Group") solely for information and background purposes in relation to the Group (collectively, the “Document”). The Document does not constitute a recommendation regarding any loans or securities of or investments in the Company, any oth er member of the Group. Further, it should not be treated as giving investment, legal, accounting, regulatory, taxation or other advice and recipients should each make their own evaluation of the Company and of the relevance and adequacy of the information containe d herein. It does not purport to contain all information required to evaluate the Company or the Group and/or its financial posi tion or to contain all the information that a prospective purchaser of securities of the Company may desire or require in deciding whether or not to offer to purchase such securities. Certain financial information (including percentages) in this Document has been rounded according to established commercial s tandards. The Document contains financial information derived from preliminary special -purpose combined unaudited financial statements, that are subject to change and may not be directly comparable with financial information previously published by the Company. Certain financial data included in this Document consists of non-IFRS financial measures. These non-IFRS financial measures may not be comp arable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial mea sures determined in accordance with IFRS. You are cautioned not to place undue reliance on any financial measures and ratios inc luded herein. This document is not, and should not be construed as, a prospectus or offering document, and has not been reviewed or approve d by any regulatory or supervisory authority. The Document does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or a solicitation or invitation of any offer to subscribe for or purchase any loans or securities of or make an investment in the Company or any other member of the Group or any other entity in any jurisdiction, and nothing contained the rein shall form the basis of, or be relied on in connection with, any contract or commitment whatsoever, in particular, it must not be used in making any i nvestment decision. 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Forward-looking statements are not guarantees of future performance and such risks, uncer tainties, assumptions and other important factors could cause the actual outcomes and the results of operations, financial condition an d liquidity of the Company and other members of the Group or the industry to differ materially from those results expressed or i mplied in the Document by such forward-looking statements. If any of these risks and uncertainties materializes or if the assumptions underlying any of the Company’s forward-looking statements prove to be incorrect, the actual results may be materially different from those the C ompany expresses or implies by such statements. The Company does not intend or assume any obligation to update these forward -looking statements since they are based solely on the circumstances at the date of publication. Undue influence should not be given to, and no relia nce should be placed on, any forward-looking statement. To the extent available, the industry, market and competitive position data contained in this Document come from third party sources. Third party industry publications, studies and surveys generally state that the information they contain originates fro m sources believed to be reliable, but that the accuracy and completeness of such data is not guaranteed and that the calculations continued therein a re based on assumptions. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, neither the Company nor its Representatives have independently verified the data contained therein. In addition, certain of t he industry, market and competitive position data contained in the Document come from the Company’s own internal research and es timates based on the knowledge and experience of the Company’s management in the markets in which the Company and the other members of the Gro up operate. While the Company believes that such research and estimates are reasonable, they, and their underlying methodology a nd assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change and corr ection without notice. Finally, market studies and analyses are inherently predictive and subject to uncertainty and not necessa rily reflective of actual market conditions, are frequently based on information and assumptions that may not be accurate or technically correct , and their methodology may be forward-looking and speculative. Accordingly, reliance should not be placed on any of the industry, market or competitive position data contained in the Document. Neither Company nor any other member of the Group expects or intends to register any securities under the U.S. Securities Act of 1933, as amended. 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3 Introducing ADVNSYS: A Global Leader in Bespoke Critical Infrastructure Solutions
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4 4 Who We Are Today Source: Company information. Notes: 1. Based on LTM H1-2025 sales. 2. Based on the period 2015A – 2025FC, historical figures based on the financial reporting of Kingspan PLC, 2025FC based on management estimates (includes organic growth and signed M&A only). 3. EBITDA defined as earnings before finance costs, income taxes, depreciation and amortisation. ADVNSYS is a global leader in bespoke critical infrastructure solutions We engineer advanced systems for more efficient and sustainable buildings Data centre solutions, air handling, and daylighting are our core expertise >60 years heritage ~7,400 people globally 52 manufacturing locations 30% data centre exposure1 with medium-term target of >50% ~€1.6bn revenue 2025FC, 15% CAGR since 20152 ~€230m EBITDA3 2025FC, 19% CAGR since 20152 4
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5 10-year historical performance1 Revenue multiplied by 4.0x EBITDA multiplied by 5.8x €686m Total acquisition spend3 Source: Company information. Notes: 1. Historical figures based on the financial reporting of Kingspan PLC. 2. Based on the period 2015A – 2025FC. 3. Since 2015 to date, of which €145m in 2025. 4. 2025FC – 2026E based on management estimates (includes organic growth and signed M&A only). Outstanding Track Record of Growth and Execution 15% CAGR2 19% CAGR2 400 422 570 685 750 872 1,085 1,348 1,347 1,477 ~1,600⁴ 40 45 62 69 83 102 117 144 166 197 ~230⁴ ~300⁴ 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025FC 2026E Revenue (€m) EBITDA (€m)
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6 Source: Company information. Notes: 1. Based on LTM H1-2025 sales. Ideally Positioned for Growth in Attractive End Markets with Global Reach End Markets1 Geographies1 Customers Exposure to attractive, high-growth data market Global reach with presence in 74 countries Entrenched relationships with key stakeholders across the value chain Hyperscalers Blue chip hyperscaler clients Colocators General Contractors Data 30% Non-Data 70% Europe 63% Americas 26% RoW 11%
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7 Source: Company information. Comprehensive Range of Advanced Building Systems WHITE SPACE SOLUTIONS AIR HANDLING DAYLIGHTING RESOURCE MANAGEMENT Aisle Containment Mesh Walls & Security Caging Liquid Cooling Manifolds Structural Ceilings Large Fluids Water Systems Control Systems Service & Maintenance Airflow Panels Smoke Management Solutions Natural Ventilation Air Handling Units LDM Module Skylight Solatube Roof Light SystemsTranslucent Wall Access Floors Data applications Commercial & industrial applications Both data and commercial & industrial applications
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8 8 1 ADVNSYS is a Global Leader in Bespoke Critical Infrastructure Solutions Source: Company information. Notes: 1. Management estimates. 2. Of which ~400 in design & engineering and ~1,300 in technical sales. 3. Since 2015 to date, of which €145m in 2025. 4. Based on the period 2015A – 2025FC, historical figures based on the financial reporting of Kingspan PLC, 2025FC based on management estimates (includes organic growth and signed M&A only). ~€0.7bn total acquisition spend3 ~7,400 people DOUBLE-DIGIT mid-term data market CAGR1 PROVEN TRACK-RECORD of adding new products into portfolio DIVERSE customer base across the value chain 5.8x EBITDA multiplied since 20154 €1.5bn+ combined revenue of potential targets in the pipeline >20 YEARS average management experience MODULAR fully-integrated and scalable systems >50% medium-term target data exposure ~1,700 technical sales and engineering professionals2 19% EBITDA CAGR since 20154 Expanding advanced building systems portfolio in attractive growth markets 2 3 4 5 6 Successful end-to-end customer-centric go-to-market strategy Proven organic and M&A growth strategy, powering ADVNSYS’ expansion Delivering strong financial momentum in growth, margins and cash flow Passionate team with strategic vision and execution track record Agility and innovation to tackle fast-changing design requirements
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9 17% 30% >50% 2023A Today² Medium- term Target Data Non-Data Source: Company information. Notes: 1. Management estimates. 2. Based on LTM H1-2025 sales. Secular Trends Create Attractive Long-term Growth Opportunities1 ADVNSYS Portfolio Evolution Continued margin expansion potential as the business mix continues to shift towards the high-growth data end market Data Commercial & Industrial Mid-term Market Growth1 Double-digit Low- to Mid-Single-Digit Key Drivers • AI driving surge in power density • Liquid cooling penetration • Growth of hyperscalers • Focus on rapid deployment • Sustainability driving heat reuse • Demand for lower energy buildings • Focus on occupant well-being and health • EU cyclical recovery • Potential for fiscal stimulus in Europe • US reshoring ADVNSYS Positioned to Win • Broad, rapidly expanding portfolio • Modular and scalable systems • Partnerships and tailored solutions • Innovative and broad product suite • Lower-Embodied-Carbon solutions • Envelope solutions Market Growth Drivers
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10 Source: Company information. Notes: 1. Management estimates. 2. Based on $k spend per MW. ADVNSYS is Benefitting from Compounding Market Growth1 Double-digit mid-term market growth1 Growth in Global Data Demand Exceptional increase in ADVNSYS Share of Wallet Growing ADVNSYS Market Share Significant market share gains in existing product suite and new geographies >18x wallet share multiplied between 2010 and 20251,2 < $100k / MW $180 - $250k / MW > $500k / MW Pre 2020 2023-2024 2025 onwards
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11 9 8 7 6 5 4 3 2 1 A C D E F G B [image] [image] [image] [image] [image] Source: Company information. Expanding Future-looking Data Centre Solutions Offering Hot Aisle Containment Airflow Panels Liquid Cooling Manifolds Mesh Walls Security LDM Structural Ceiling Grid Air Handling Units Water Storage Raised Access Floors CURRENT OFFERING Cooling Towers Chillers Generators Switchgear UPS PDU & Busway Networking / Servers FUTURE OPPORTUNITIES 1 2 3 4 5 6 7 8 9 A B C D E F G 1 Strong in the white space, with future offering moving to the grey space
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12 • Improved cooling efficiency • Reduced energy consumption and costs • Preferred solution for new data centre builds • Regulate flow, pressure, and temperature • Improved efficiency and performance • Accelerate global transition to liquid cooling • Higher cooling capacity and energy efficiency • Designed for high load capacities • Higher flexibility and speed of installation Source: Company information. Leadership in Client-Critical Growth Products 1 Hot Aisle Containment (HAC) Liquid Cooling Manifolds Airflow Panels Designed for adaptability, with bespoke fabrication capabilities Scalability and seamless integration with other data centre infrastructure Engineered to optimise load capacity and airflow management ADVNSYS has an excellent track record of on-time delivery and manufacturing quality. The highly responsive, dedicated team and commitment to our program underpins a great partnership. “ ” - Key Global Cloud Customer
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13 Ability to Cater to Fast-changing Design Requirements2 Time Innovation Raised Access Floor Structural Ceilings Modular Integration Liquid Cooling to rack Hot Aisle Containment Air Handling Unit Liquid Cooling to HAC LDM Product Portfolio Evolution From raised access flooring to a comprehensive suite of data centre solutions Agility as Key Differentiator Numerous technologies added to meet the fast- changing design requirements Culture of Innovation Federation of leading brands, with their own innovation, design and engineering teams Tailor-Made Solutions Extensive in-house engineering expertise to collaborate with customers and to develop customised products Source: Company information.
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14 Driving Synergies Within ADVNSYS Portfolio: Integrated Platform for Current and Future Offering Source: Company information. Notes: 1. Management estimates. 2. In comparison to the $/MW value of stick-build solutions. Leading the Way in Modularity to Unlock a Significant Opportunity Modular containment Pre-integrated services 2 Driving Synergies Within ADVNSYS Portfolio: Integrated Platform for Current and Future Offering >5x multiplier of $/MW value opportunity1,2 Scalability on demand Quality Speed of deployment Cost and energy efficiency Customisation and flexibility 1 2
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15 Successful End-to-End Customer-Centric Go-to-Market Strategy3 Developers, Architects, Engineers Construction Companies Dealer-Installers Hyperscalers, Colocators, Other End Users Entrenched relationships at every point in the value chain Blue-chip global customer base Long-term relationships with key industry stakeholders Dedicated teams Design and commercial teams working closely with the clients Full-service approach Expert service, design support, installation and maintenance to support our customers throughout every phase of their projects Leading brands Addressing varied customer requirements Low customer concentration across data & non-data ~1,700 technical sales & engineering professionals1 17% service & maintenance revenue contribution2 Source: Company information. Notes: 1. Of which ~400 in design & engineering and ~1,300 in technical sales. 2. Based on LTM H1-2025 sales.
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16 16 Clear Strategic Priorities... Clear Strategy to Drive Profitable Growth Source: Company information. 16 4 1. Commercial organisation to ensure best go-to-market for all products and brands, leveraging all channels 2. Strengthen and scale relationships with hyperscalers and large colocators via dedicated management 1 2 1. Maximise global synergies across all brands, products and production capabilities to increase returns 2. Maintain high-performance culture with focus on execution across all ADVNSYS brands and functions 1. Ability to offer modular and integration 2. Continue to add new product offerings for data centre infrastructure to enable global AI acceleration 5 6 4 3 > > Scaling Brownfield Investments Organic Investment… …and Strategic M&A + Greenfield Investments Innovation Performance Excellence Customer Focus Strong Top-line Growth Margin Expansion Cash Generation …for a Growing Platform… …Delivering Strong Performance Future data centre offering Geographical expansion Brownfield manufacturing ADVNSYS relationships into bolt-on growth Key priorities
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17 Source: Company information. Notes: 1. Management estimates based on executed expansion projects. 2. Compared to initial investment. Proven Ability to Scale via Brownfield Investments4 KENTUCKY: 764k sq ft of manufacturing space for containment, ceilings, manifolds, and modular integration VIRGINIA: In record-breaking time, our Tate team created a new 287k sq ft facility ARKANSAS: Latest facility, fitted with the cutting-edge robotic welding and automatic paint lines Case Study: Recent US Expansion ADVNSYS solution: Proven, agile and scalable manufacturing concept, which can be replicated and rolled out wherever our customers need us Brownfield Conversion Concept Lower investment ~50% less vs. greenfield1 Shorter timeline ~2 years faster to market1 Higher returns ~10x revenue potential for Kentucky facility2 Operational Excellence with Focus on Agility Highly automated production lines Precision steel fabrication Optimised for customers’ designs ADVNSYS global manufacturing capabilities: 17 Key Customer Requirement: Ability to deliver at record speed and at very large scale
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18 Source: Company information. Australia 12 manufacturing locations North America 11 existing manufacturing locations 2025/2026 Latam expansion planned Europe 29 manufacturing locations 2026 Expansion plans for Kentucky, Texas and Virginia 2025/2026 Expansion plans for Vietnam 2026/2027 Expansion plans for India People: ~7,400 Manufacturing Locations: 52 Organic Expansion Expansion through M&A Europe Strong presence with significant capacity in major data centre hubs across the continent North America Rapidly expanding capacities with investments across several sites to satisfy fast-growing demand Latin America Entering Brazil to take advantage of burgeoning market demand in Latam South-East Asia Expanding to follow the demand of hyperscaler customers, taking advantage of the lower cost base Rapidly Expanding Footprint through Organic Investments and Acquisitions4
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19 €1.5bn+ combined revenue of potential targets in the pipeline ~€0.7bn total acquisition spend1 Source: Company information. Notes: 1. Since 2015 to date, of which €145m in 2025. Proven History of Value-Creating Acquisitions and Strong Pipeline Proven integration playbook Strict evaluation criteria Dedicated in-house M&A team Future data centre offering Geographical expansion Brownfield manufacturing ADVNSYS relationships into bolt-on growth Key priorities 4
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20 Source: Company information. Notes: 1. Achievement on one case study acquisition. 2. Year prior to acquisition. Case Study: Successful Growth and Integration of Our Acquisition4 Strong Value Creation Hyperscaler 1 Bolt-on Hyperscaler 2 Hyperscaler 3 Hyperscaler 4 Colocators ADVNSYS Relationships 2023 2025 2023 20252 ADVNSYS Expertise Existing strong relationships Proven ability to deliver Scale Geographic breadth Innovation Collaboration 2 +3x EBITDA1 +2.5x Revenue1
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21 Source: Company information. Notes: Historical figures based on the financial reporting of Kingspan PLC, 2025FC – 2026E based on management estimates (includes organic growth and signed M&A only). 1. Based on the period 2019A – 2025FC. 2. Implied based on 2025FC. 3. Calculated as (EBITDA-Capex)/EBITDA. On Track to Realise its Potential, with Strong Financial Momentum 84%80%72% 79%82% 71%0% 10%24%16% 24%9% Sales (€m) and YoY Growth (%) EBITDA - Capex (€m) and Conversion3 (%) Strong top-line growth… …with even faster EBITDA expansion …and high cash conversion 5 8%2 83 102 117 144 166 197 ~230 ~300 2019 2020 2021 2022 2023 2024 2025FC 2026E 750 872 1,085 1,348 1,347 1,477 ~1,600 2019 2020 2021 2022 2023 2024 2025FC 2026E 68 74 92 116 139 140 2019 2020 2021 2022 2023 2024 2025FC 2026E 12% 13%11%12% 11%11% EBITDA (€m) and Margin (%) 14%2
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