Slides
Page 1
Kongsberg Maritime Proprietary: This document and its accompanying elements contain Kongsberg Maritime information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with Kongsberg Maritime in writing. Any authorised reproduction, in whole or in part, must include this legend. ©2026 Kongsberg Maritime - All rights reserved. Investor Presentation 3rd quarter 2026
Page 2
Disclaimer This presentation contains certain “forward-looking information and statements” within the meaning of applicable laws and regulations. These statements include, but are not limited to, statements regarding the Company’s expectations, plans, strategies, business outlook, market opportunities, financial projections, and assumptions underlying any of the foregoing. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as "targets", "believes", "expects", "aims", "assumes", "intends", "plans", "seeks", "will", "may", "anticipates", "would", "could", "continues", "estimate", "milestone" or other words of similar meaning and similar expressions or the negatives thereof. By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected. Any forward-looking information or statements in this presentation speak only as at the date of this presentation. Except as required by applicable laws and regulations, the Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward-looking information and statements, whether to reflect changes in the Company's expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based. Given the aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward-looking statements. Historical figures may be subject to inaccuracies due to changes in business structure and internal transactions. Page 23rd quarter 2026
Page 3
Agenda Jan Erik Hoff Chief Financial Officer Lisa Edvardsen Haugan Chief Executive Officer Bård Bjørløw Executive Vice President Jon Berge Vice President Communications Outlook and Q&A05 Bård Bjørløw Lifecycle offerings04 Jan Erik Hoff Financial status03 Lisa Edvardsen Haugan Highlights from the 3rd quarter02 Jon Berge Welcome01 Page 33rd quarter 2026
Page 4
Positioned for growth
Page 6
Revenues Q3 MNOK 6,639 EBITDA Q3 MNOK 1,041 Order Intake Q3 MNOK 8,323 Total Order Backlog MNOK 29,753 Record order backlog Supporting forward visibility Solid project execution Newbuild scaling Continued newbuild growth Deliveries up 16% year- on-year Highlights Q3 2026 Strong order intake Book-to-bill of 1.25
Page 7
Newbuild order intake led by Offshore and Cargo Page 7 Gas Carriers Cargo Naval & Government Offshore Energy Tug Passenger Other Market characteristics Sharp focus on energy efficiency and digitalisation Focus on cost, energy and sustainability Entering a defence-driven cycle Demand for new tonnage, upgrades and life extensions Solid new build market growth driven by fleet modernization with electric era emerging Growth market with strong cost discipline Mixed – including fishing and special purpose segments Share of KM’s newbuild order intake YTD 2026 9% 17% 17% 36% 14% 5% 2% Newbuild order intake value per segment (MNOK) 0 1 000 2 000 Q1’ 25 Q2’ 25 Q3’ 25 Q4’ 25 Q1’ 26 Q2’ 26 Q3’ 26 3rd quarter 2026 Q1’ 25 Q2’ 25 Q3’ 25 Q4’ 25 Q1’ 26 Q2’ 26 Q3’ 26 Q1’ 25 Q2’ 25 Q3’ 25 Q4’ 25 Q1’ 26 Q2’ 26 Q3’ 26 Q1’ 25 Q2’ 25 Q3’ 25 Q4’ 25 Q1’ 26 Q2’ 26 Q3’ 26 Q1’ 25 Q2’ 25 Q3’ 25 Q4’ 25 Q1’ 26 Q2’ 26 Q3’ 26 Q1’ 25 Q2’ 25 Q3’ 25 Q4’ 25 Q1’ 26 Q2’ 26 Q3’ 26 Q1’ 25 Q2’ 25 Q3’ 25 Q4’ 25 Q1’ 26 Q2’ 26 Q3’ 26
Page 8
Gas Carriers Cargo Naval & Government Offshore Energy Tug Passenger Other Market characteristics Reliability, uptime and energy efficiency remains key focus areas Focus on cost savings and energy efficiency Reliability and availability key; Long lifecycles drive upgrades Broad lifecycle needs to secure reliability, efficiency & operability. Demand for life extensions Strong cost discipline Reliability is a high priority. Focus on energy efficiency and cost discipline Mixed - segments with varying operational requirements Share of KM’s aftermarket revenue YTD 2026 3% 18% 9% 48% 7% 9% 6% Aftermarket revenue per segment (MNOK) Page 8 0 2 000 4 000 YTD’25 YTD’26 3rd quarter 2026 Stable aftermarket, high Offshore activity YTD’25 YTD’26 YTD’25 YTD’26 YTD’25 YTD’26 YTD’25 YTD’26 YTD’25 YTD’26YTD’25 YTD’26
Page 9
Page 9 Order backlog by delivery Order intake (MNOK) Order backlog (MNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 59% 41% Q3’26 8 748 7 470 7 839 7 765 7 502 7 231 8 323 Newbuild Aftermarket Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 24 644 26 164 27 564 27 849 27 851 28 406 29 753 3rd quarter 2026 18% 50% 32% 2026 2027 2028+ Strong order intake provides visibility through a record-high backlog
Page 10
Financial Status
Page 11
3rd quarter 2026 Page 11 Revenues (MNOK) Energy & Control Q1’25 Q2’25 49% 51% Q3’25 Q4’25 Q1’26 Q2’26 54% 46% Q3’26 6 704 6 337 6 313 7 567 6 649 6 651 6 639 Newbuild Aftermarket Q1’25 Q2’25 56% 44% Q3’25 Q4’25 Q1’26 Q2’26 56% 44% Q3’26 3 050 3 102 3 150 3 458 3 297 3 345 3 458 Revenue growth driven by newbuild deliveries Newbuild Aftermarket Q1’25 Q2’25 38% 62% Q3’25 Q4’25 Q1’26 Q2’26 48% 52% Q3’26 3 284 3 023 2 973 3 949 3 238 3 217 3 024 Newbuild Aftermarket Propulsion & Handling
Page 12
Page 12 893 830 27,4% 16,0% Q1’25 15,8% 13,8% Q2’25 18,1%18,1% Q3’25 13,8% Q4’25 13,4% Q1’26 12,5% Q2’26 15,7% Q3’26 2 121 1 028 1 143 1 045 1 041 Gain EBITDA Margin incl. Gain Margin 3rd quarter 2026 EBITDA margins impacted by revenue mix Energy & Control 359 361 531 370 431 392 652 11,8% Q1’25 11,6% Q2’25 16,8% Q3’25 10,7% Q4’25 13,1% Q1’26 11,7% Q2’26 18,9% Q3’26 685 520 644 840 617 612 470 20,9% Q1’25 17,2% Q2’25 21,7% Q3’25 21,3% Q4’25 19,1% Q1’26 19,0% Q2’26 15,5% Q3’26 EBITDA and EBITDA margin (MNOK, % of revenue) Propulsion & Handling
Page 13
Solid cash flow and improved working capital 3rd quarter 2026 Page 13 Net Cash flow from operating activities Net interest-bearing debt Net working capital MNOK Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 1 905 2 495 2 105 1 381 1 558 2 137 1 510 548 -233 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 1 022 1 006 1 083 1 634 1 412 17 -224 -838 290 -611 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 -1 016 -1 740 627 258 Cash 30.6 EBITDA Change in working capital Net loans 157 Investment in PPE & R&D 111 Tax Paid Other Cash 30.9 2 500 1 041 2 496 6 138
Page 14
Lifecycle Offerings
Page 15
Page 15 3rd quarter 2026 The preferred partner throughout the lifecycle of our customers’ assets +2,200 Engineers across field service, critical engineering & specialist support 14 Repair & overhaul workshops 21 Training centres +12,000 Vessels served per year with field service and spares +130 Product families served +25,000 Technical support sessions (LTM) +35 Countries +33,500 Spares orders handled (LTM) Aftermarket business at a glance Serving the sailing fleet through a significant global capability Figures exclude Berg Propulsion
Page 16
Page 16 3rd quarter 2026 Securing uptime, operability and long-term performance Key aftermarket activities Upgrades & Retrofits Lifecycle Support Maintenance & Repair Spare parts & Logistics Supporting customers from day-to-day operations and maintenance to major upgrades, modernisation and life extension
Page 17
Page 17 3rd quarter 2026 Aftermarket business is short-term by nature Lead times vary across offerings, but are typically short, limiting forward visibility Spares Projects Service QUOTE SIGNING DELIVERY 9 - 3 months 2-12 months QUOTE SIGNING DELIVERY 3 months 4 monthsSame day QUOTE SIGNING DELIVERY 3 months 3 monthsSame day Short-cycle demand creates natural short-term variability, while long-term activity is supported by robust underlying demand Illustrative timing
Page 18
Page 18 3rd quarter 2026 Structurally robust long-term demand, with natural short-term variability Installed Base Docking Activity Regulatory Requirements Owner Economics Fleet Age & Technology Lifecycle Structural drivers underpinning long-term demand Aftermarket business drivers
Page 19
Navigating complexity to deliver profitable growth 19 Revenue navigated by innovation, domain knowledge and market tailwind Margins anchored by solid project execution and cost control Propelled by disciplined financial execution Page 193rd quarter 2026
Page 20
Page 20 Q&A 3rd quarter 2026
Page 21
Thank you!