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-12.70 -1.35 +5.30 -0.65 [Byggma at a glance] 1 Q2 2026 results August 27th 2026 Questions can be directed to ir@byggma.no
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-12.70 -1.35 +5.30 -0.65 2 Company
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-12.70 -1.35 +5.30 -0.65 Introduction Byggma companies / brands Byggma is a leading Nordic supplier of building product solutions 3 Note: 1) As of 30 June 2026 Note: 2) LTM Adj. EBIT = Adjusted Operating Profit last twelve months (Q3 2025 – Q2 2026). Please see Alternative Performance Measures in the interim report. Vennesla, Norway Headquarter ~660 Employees NOK 2,374m LTM2 revenue NOK 139m LTM Adj. EBIT2 NOK ~ 1.5bn1 Market capitalization ◼ Leading supplier of building product solutions in the Nordics, with a special focus on various boards, beams, windows & doors, and lighting products ◼ Byggma owns 6 companies/brands, operates 7 manufacturing facilities and distributes its products to all the leading building materials chains ◼ Byggma is headquartered in Vennesla and employs ~660 people in total ◼ The company has been listed on Oslo Stock Exchange since 1997 with ticker “BMA“ 30-50% Of net profit - dividend policy %
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-12.70 -1.35 +5.30 -0.65 #1 market position for boards and beams in the Nordics and growing internationally 4 Boards I-beams Windows and doors LightingByggma segment Companies / brands Product illustrations Nordic market position International market position Clear #1 position within particle boards, decorative interior panels, fibreboards, MDF interior walls and ceiling panels Clear #1 position within I-beams Growing market position Growing market position Large position in Netherlands, growing in Europe within refined products Large and growing position in UK 1 1
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-12.70 -1.35 +5.30 -0.65 Highly attractive offering towards all the major building material chains in the Nordics 5 Note: 1) For boards and I-beams Highest production capacity in the Nordics1 Superior product quality versus competition In-house developed innovative products and solutions Good control of the distribution chain No need for large inventory (unlike international players) Large flexibility in manufacturing
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-12.70 -1.35 +5.30 -0.65 6 Financials
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-12.70 -1.35 +5.30 -0.65 P&L Summary and Highlights 7 ◼ Sales growth of 2.0 % from Q2 2025 to Q2 2026 ◼ Still historically low activity in the newbuild market leads to relatively low sales volumes in 2025 and 2026. ◼ Adj. Operating Profit margin of 2.7 % in Q2 2026, compared to 2.4 % in Q2 2025. ◼ Revenues from newly launched products such as Huntonit Pro Wall, Forestsia Premium Ceiling and Forestia Ergospon is expected to increase in 2026. Note: 1): Please see Alternative Performance Measures in the interim report.
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-12.70 -1.35 +5.30 -0.65 Consolidated balance sheet 8 ◼ Solid balance and hidden reserves in real estate and land ◼ Equity ratio of 36.1 % as at 30 June 2026
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-12.70 -1.35 +5.30 -0.65 Consolidated income statement 9
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-12.70 -1.35 +5.30 -0.65 Byggma is set to continue demonstrated growth through identified growth avenues 10 Increase manufacturing efficiency and capacity Volume growth Increase sale of high- value and high-margin products Optimize product mix New product launches and value-added product innovations Product innovation Expand product portfolio, diversify into new segments and strengthen private labels M&A Growth initiatives (NOKm) Sales 2024 Organic growth vision Strategic growth vision 3,000 2,167 The leading Nordic building solution provider
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-12.70 -1.35 +5.30 -0.65 Investment highlights 11 * Adjusted for non-recurring items Market leading position Strong underlying market Strong brands and broad portfolio of sustainable products Long history of growth Well positioned for further growth and cash generation ◼ The leading Nordic provider of woodchip boards, decorative interior panels, wood fibre boards, MDF interior walls & ceiling panels, and I-Beams ◼ Growing position in Europe and within adjacent product areas ◼ Sales agreements with all major building materials chains ◼ >80% of revenues in the Nordics ◼ Large, stable and growing underlying market ◼ The Norwegian building materials industry is a NOK 50bn market ◼ Recognized brands and continuous focus on product development ◼ Diversified portfolio from commodity products to highly refined products ◼ Utilizing renewable raw materials to provide sustainable building material solutions ◼ Long history of revenue growth (CAGR of >9% since 2000), both organically and through acquisitions ◼ Improving profitability, from >8% EBIT in 2020 to >9%* in 2024, and with high cash conversion ◼ High dividend capacity, with NOK 70m paid in 2022. Policy of 30-50% of net income going forward. ◼ Well defined growth strategy within all business areas, both organic and inorganic ◼ Large potential from transition to higher share of innovative and value-added products with higher average sales price ◼ Set to leverage on demonstrated M&A capabilities – with several targets identified
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-12.70 -1.35 +5.30 -0.65 2024: NOK 156m 2025: NOK 179m Large potential from recent product innovations 12 Notes: Revenue before rebates and other revenue reductions. Walls2Paint Description ◼ Wood-based, wallpapered wall boards Benefits ◼ No need for spackeling ◼ Superior indoor climate ◼ Tree-based boards with high screwability ◼ Easy to install ◼ Installable on top of existing walls 2014 Premium Ceiling ◼ A ready to paint plain ceiling panel with a unique 4-sided locking profile ◼ Launched after the highly successful introduction of Walls2Paint ◼ No need for spackeling ◼ Superior indoor climate ◼ Tree-based boards with high screwability ◼ Easy to install ◼ Installable on top of existing roof Proff Vegg ◼ Click-based wall boards ◼ Paintable immediately after installation and are also suitable for tapestry ◼ No need for spackeling ◼ Strong resistance to variations in temperature- and humidity ◼ Paintable immediately after installation ◼ Highly suitable for tapestry ◼ Recommended by Norges Astma- og Allergiforbund 2020 2020 Revenue 2024: NOK 16m 2025: NOK 19m 2024: NOK 20m 2025: NOK 22m Short term revenue potential NOK ~200m NOK ~ 50m NOK ~ 30m
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-12.70 -1.35 +5.30 -0.65 Segment information 13
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-12.70 -1.35 +5.30 -0.65 Byggma still has ample available production capacity and high growth potential from value-added products 14 Company / brand Nominal production capacity Available capacity Growth potential Other potential 300,000 m3 / year 60,000 ton / year 3.5 million m2 / year 15 million running meters / year Large potential from transitioning to higher share of innovative/ value-added products with higher average sales price HIGH HIGH HIGH HIGH Production capacity can be expanded by ~10% by extending the manufactoring line Growth potential both through available production capacity and innovative, higher priced products such as “Fuktbestandig” Large potential through utilizing significant available production capacity. High international sales potential Growth potential both through available production capacity and innovative, higher priced products such as “Proff Vegg” Note 1: The numbers for Masonite Beams include Masonite Beams AS, Masonite Beams AB and Masonite Beams LTD Key financials (2025)
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-12.70 -1.35 +5.30 -0.65 Byggma products store significant amounts of carbon and have low emissions to the indoor air Byggma utilize sustainable wood raw materials from certificated sources Targeted approach towards environmentally friendly production and initiatives Byggma has invested in modern and energy efficient production equipment to secure full utilization of the raw material when processing it in the factories Byggma produces products with significant environmental benefits compared to products based on other raw materials Byggma’s wood-based products can be recycled into new products and thereby contribute to the circular economy Raw material sourcing 1 Production line 2 Product refining 3 Product application 4 Product recycling 5 15
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-12.70 -1.35 +5.30 -0.65 Byggma‘s manufacturing and product offering contribute to a more environmentally friendly society 16 12% Huntonit’s specific energy consumption has been reduced by 12% over the last 5 years 5.8% The CO2 sequestration from Byggma’s board products corresponds to 5.8% of the Norway’s total road traffic emission 48% Forestia’s new closed cooling system has contributed to 48% reduction in use of cooling water 47% Masonite’s I-beam systems use 47% less raw material compared to massive tree constructions
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-12.70 -1.35 +5.30 -0.65 Byggma takes an active role towards sustainability and responsible production 17 Byggma’s main goal is to develop and deliver sustainable solutions based on renewable raw materials and unique competense. Sustainability is, and has always been, a core element in Byggma’s business model and a natural part of its overarching goal. Management and Board of Directors in Byggma wish for sustainability to be a natural part of operations and innovation in the Byggma group ◼ Effective utilization of raw materials ◼ Manufacturing facilities located with proximity to raw materials ◼ Packaging solutions with minimum waste while ensuring protection during transportation ◼ Wood-based building materials store significant amounts of carbon ◼ Effective distribution system for transportation of goods to customers ◼ The wood that is applied is sourced from certified suppliers or sustainable forestry ◼ Resource effective constructions lead to good utilization of raw materials ◼ Ensure that we do not pollute the environment that affects life on land, watercourses or the ocean. ◼ Employees are given the opportunity for personal and professional development ◼ Collaborations with academia ◼ Vocational education ◼ Advanced training ◼ Factories with proximity to raw materials ◼ Byggma‘s presence contributes to sustainable cities and communities ◼ Byggma‘s presence provides significant assignments and income for other players in the value chain ◼ Good profitability gives basis for secure jobs and development of the companies ◼ Byggma is seeking new and innovative solutions for a better customer experience and a more profitable and efficient construction prosess ◼ Focus on the triple bottom line in all R&D activities ◼ Increased efficiency and streamlining of operations through continuous improvement and industrial investments Human and SocietyClimate and Environment Business model
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-12.70 -1.35 +5.30 -0.65 1 078 1 188 1 367 1 535 1 607 1 460 1 415 1 543 789 856 335 332 408 457 493 428 468 518 280 242 1 655 1 784 2 052 2 344 2 508 2 223 2 167 2349 1 228 1 253 - 500 1 000 1 500 2 000 2 500 3 000 2018 2019 2020 2021 2022 2023 2024 2025 YTD 2025 YTD 2026 Norway Sweden Denmark Netherlands UK Finland Other Total Revenue by country (NOKm) Leading Nordic presence, with growing international customer base 18 Production facilitites and offices 1 Production and distribution facilities 1 Distribution and offices 2 3 4 5 6 7 8 74 Birkeland Braskereidfoss Fredrikstad Vennesla Rundvik Mo i Rana Kristiansand Växjö3 2 6 5 8 6 Production facilities ~640 Employees 9 Offices 115,000 sqm Real estate facilities 9 Bury St. Edmunds 9
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-12.70 -1.35 +5.30 -0.65 143 270 320 350 293 213 209 114 11673 193 233 268 203 125 122 70 72 2019 2020 2021 2022 2023 2024 2025 YTD 2025 YTD 2026 EBITDA EBIT 1 515 1 619 1 655 1 783 2 052 2 344 2 508 2 223 2 167 2 349 1 228 1 253 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 YTD 2025 YTD 2026 Strong topline and profitability improvements last few years 19 Consolidated EBITDA and EBIT (NOKm)Revenue (NOKm) ◼ Organic growth from 2015-2018, while the growth from 2018 is a combination of organic growth initiatives and the acquisition of Smartpanel (2018) and Byggform (2019), adding NOK 117m in revenues in 2019, and NOK 34m in 2020 (full-year effect of the Byggform acquisition) ◼ The growth in 2020 and 2021 is partly related to realized market synergies from increased market share following the Smart Panel acquisition. Other growth drivers include change in product mix, volume increase (partly off-set by a drop in Europe), price increases and other (incl. currency) ◼ Byggma has more than doubled its EBITDA and almost tripled its EBIT since 2019 ◼ The strong improvement is primarily due to realization of synergies from the Smartpanel acquisition, product mix optimization and price increases. Byggma has seen an increase in raw material prices and experienced unfavorable currency development, but has been able to offset this by increase prices to end users and ultimately improve the margins ◼ In 2019, the EBITDA and EBIT have been adjusted for normalizations following the acquisition of Smartpanel in 2018
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-12.70 -1.35 +5.30 -0.65 144 273 320 350 293 213 209 70 7279 207 139 315 214 57 244 32 2019 2020 2021 2022 2023 2024 2025 YTD 2025 YTD 2026 EBITDA Net operating cash flow 117% -15% 44% Robust cash conversion ratio 20 Operating cash flow and cash conversion (NOKm) Cash conversion (%) ◼ Byggma has a history of strong cash flow generation over the last years which is set to continue going forward ◼ This has allowed the company to invest significantly in product innovation in addition to increased manufacturing capacity and efficiency ◼ Byggma has targeted a long-term dividend payout ratio of minimum 30%-50% ̶ The company will pay out a higher dividend when possible after evaluating various growth opportunities 55% 76% 43% 90% 73% 27%
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-12.70 -1.35 +5.30 -0.65 Consolidated cash flow statement 21
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-12.70 -1.35 +5.30 -0.65 Byggma operates 8 high-end manufacturing and distribution facilities 23 Note: Byggma also owns another manufacturing facility which is leased to a third party Huntonit Eiendom AS Location: Vennesla, Agder Total area: 78,112m2 Production area: 19,664m2 Year of construction: 1948-1988 Uldal AS (Birkeland Eiendom AS) Location: Birkenes, Agder Total area: 15,100m2 Production area: 4,930m2 Year of construction: 1967-1991 Aneta Lighting AB Location: Växjö, Sweden Total area: 31,728m2 Warehouse facility: 6,500m2 Year of construction: 1970 and 1979 Forestia Eiendom AS Location: Våler, Innlandet Total area: 321,460m2 Production area: 21,079m2 Year of construction: 1969-1987 and 1997 Aneta Lighting AS Location: Kristiansand, Agder Total area: 6,300m2 Warehouse facility: 3,500m2 Masonite Fastighet AB Location: Nordmaling, Sweden Total area: 187,585m2 Production area: 38,107m2 Year of construction: 1921-2001 Smartpanel AS Location: Fredrikstad, Viken Warehouse facility: 7,100m2 Production area: 13,700m2
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-12.70 -1.35 +5.30 -0.65 Key takeaways 24 Market leading position Robust underlying market Strong brands and product offering Long history of profitable growth Attractive growth trajectory 1
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-12.70 -1.35 +5.30 -0.65 [Byggma at a glance] 25 www.byggma.no