Slides
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Quarterly presentation Q2 2026 Ole Jakob Kjølvik, CEO Bent Hammer, CFO
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2 Arribatec at a glance ^ 250+ Employees cross business areas 10.9% Q2 26 EBITA* margin 800+ Clients across industries in H1 8.1% LTM Revenue growth Numbers *) Adjusted for IFRS 2 share-based payment expense (non-cash). Mission A pioneering tech and consultancy company with deep expertise in integrated business solutions. Our mission is to leverage technology and proven methods to improve the way organisations work – enhancing performance and providing peace of mind for those at the helm. By streamlining systems and optimising processes, we offer better overview, decision-making and reliability in everyday operations. This allows our clients to focus on high-value activities that drive growth and create lasting impact. This is how we simplify complexity.
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3 Arribatec’s three business areas ^ EA & BPM Cloud Business Services Process management Enterprise Architecture Change management Quality & Continuous Improvement Management systems Governance, risk and compliance IT consultingCloud services IT security and risk management Consulting Integrations Software development ERP products and services GDPR & complianceDevOps Hardware Corporate performance management Financial planning
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4 Business Review ^
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5 5 Q2 2026 Highlights ^ Improved profitability and cash generation Business area performance Höegh Autoliners – Client project 1 2 3 1 2 4 EA&BPM – Margin expansion 33
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6 NOK 15.2m (14.0m) Margin 10.9% (9.8%) + 8% YoY NOK 139.4m (142.9m) YoY -0.1% in constant currency terms (-2.4% reported) NOK 64.1m LTM 99% EBITDA-to-cash conversion NOK 1.00 per share dividend paid Revenue Cash flow from operationsEBITA* Improved profitability and cash generation ^1 *) Adjusted for IFRS 2 share-based payment expense (non-cash).
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7 EA-BPMBizS Cloud -1.4% Revenue Growth 83.5m Revenue 9.7% EBITA margin 8.1m EBITA +6.2 % Revenue Growth 26.1m Revenue 16.1% EBITA margin 4.2m EBITA -13.8% Revenue Growth 32.7m Revenue +3.5% EBITA margin 1.1m EBITA o +2% in constant currency o Short-term softness in UK and Central Europe – timing of tenders and project starts o Record high pipeline supports H2 o AI embedded in delivery and products o Significant margin improvement o Initiatives have delivered o Strong bookings and healthy pipeline o Market favouring core deliveries o On track but not at target; high management attention o Q2 impacted by client loss and scope reductions in prior periods – margin effect largely offset by March cost measures o Sovereign cloud and EU AI Act tailwind FinancialsKey logosDrivers Business area performance2
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8 EA&BPM – Margin expansion3 Key actions taken o New leadership and commercial setup o Organisational rightsizing o Cost-savings initiatives o Renegotiated client and partner contracts o New ways of working, higher utilisation Core deliveries o Business advisory – Digital transformation and change management o Enterprise architecture – Structure and optimise data o Business process management – Document and optimise ways of working o Governance – Ensure compliance and effective management structure o Management systems – Enterprise and business software Selected clients and segments o Public sector: Skatteetaten, Avinor, Statens vegvesen, Helse Vest RHF, Forsvarsmateriell, Oslo kommune, Sykehuspartner, Direktoratet for byggkvalitet, Norges Geotekniske Institutt… o Private sector: Gassco, Equinor, Aker Solutions, Vår Energi, Aker BP, Aibel, GKN Aerospace, Archer, Norconsult, Bilfinger, OMV, Repsol, DNO… Outlook o Maintain momentum in growth and new business o Target selected industries, such as defence o Embed AI in core deliveries and ways of working Enterprise Architecture and Business Process Management software and services – strengthening corporate governance and long-term value in public and private sectors 16.1% (0.9%) EBITA margin +6% (-7.7%) Revenue growth
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9 Höegh Autoliners – Client project4 Client and context o Höegh Autoliners is a leading global provider of ocean transportation services within the Roll-on Roll-off (RoRo) segment. o Listed on Oslo Stock Exchange in 2021 o USD 621m EBITDA in 2025 Challenge o Building and implementing a global ERP platform for a listed shipping group o Complexity across multiple entities, regulations and reporting regimes o Zero tolerance for disruption to daily operations What we deliver o Unified ERP across company and locations o Integrations to multiple business systems o Dedicated project team and long-term partnership Expected outcome and value o Standardised process and data model o Improved reporting transparency o Scalable platform, managed services
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10 Well diversified client portfolio *Existing clients defined as clients that were invoiced in the corresponding quarter last year ** New clients defined as clients won since end of corresponding quarter last year 21% of revenue — top 10 clients ~52% of revenue — top 50 clients 12% from new clients (21% in Q2-25) 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 Client concentration Top 50 % Top 30 % Top 10 % 114 115 133 137 124 31 23 22 17 17 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 Revenue client split (in NOK m) Existing clients* New clients**
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11 Headcount flat year-over-year at 245 FTEs • 245 FTEs at quarter-end, flat against 242 in Q2-25 • Rightsizing measures during the quarter, including in the Cloud division, reduced headcount by 9 from Q1-26 after gradual additions through 2025 • Recruitment remains selective, focused on business areas with strong demand 242 244 250 254 245 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26
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12 Financial Review ^
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13 Revenue and EBITA Development o Q2 revenue of NOK 139.4m, on par with last year adjusted for currency impact o LTM revenue at NOK 581.4m, up 8.1% YoY o Stabilised performance in still mixed market Revenue, continuing operations (NOK, millions) EBITA* o EBITA* margin improvement from 9.8% to 10.9% o 6 consecutive quarters of profits confirming the successful turnaround 14.0 14.8 16.6 10.9 15.2 9.8% 10.8% 10.9% 7.1% 10.9% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 *) Adjusted for IFRS 2 share-based payment expense (non-cash). Cloud EA & BPM Business Services Eliminations LTM revenue 84.6 81.6 90.9 90.4 83.5 24.6 22.7 27.9 26.8 26.1 38.0 35.7 37.2 38.0 32.7 -4.3 -3.1 -3.4 -2.7 -2.9 142.9 137.0 152.5 152.4 139.4 537.6 560.4 578.8 584.8 581.4 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 EBITA EBITA margin(NOK, millions)
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14 Adjusted* EBITA bridge Q2 2026 • Revenue negatively impacted by the appreciation of NOK • Reduced costs contributed to an improvement in EBITA of NOK 1.2m to NOK 15.2m *) Adjusted for IFRS 2 share-based payment expense (non-cash). 14.0 -0.2 -3.3 2.2 1.8 0.2 0.4 15.2 Q2-25 Revenue FX neutral Revenue FX impact Cost of sales PEX* OPEX Depreciation Q2-26
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15 Cash Flow o Continued strong operational cash flow and cash conversion o No interest-bearing debt Cash Flow From Operations Cash Flow Analysis – Q2 26 o Underlying cash generation of NOK 10.5m (PBT excl. D&A) o NWC change reflect gradual normalisation of annual advance billing o Dividend of NOK 1.00 per share (NOK 66.9m) paid during quarter o Ending cash position of NOK 26.7m and unused credit facility of NOK 20m (NOK, millions) (NOK, millions) -14.3 -0.5 20.4 35.9 8.3 90% 40% 26% 63% 99% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 91.4 10.5 5.7 -9.8 -3.0 -66.9 -1.3 26.7 Opening cash PBT ex D&A D&A NWC Investments Dividends Other Ending cash LTM EBITDA-to-cash conversion Cash flow from operations
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16 16 Outlook Pipeline development Increased bid activity across all business areas; conversion weighted towards Q4 and into 2027 Margin progression Operational initiatives supporting margin expansion AI and digitalisation Strong interest in data, ERP and AI-enabled solutions Financial flexibility Strong balance sheet and cash generation
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17 Q&A ^
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18 18 Chief Executive Officer Ole Jakob Kjølvik olejakob.kjolvik@arribatec.com +47 915 98 935 IR contacts: Next event Q3 report 18 November 2026 Chief Financial Officer Bent Hammer bent.hammer@arribatec.com +47 982 15 497