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Transforming maritime operations Kongsberg Maritime company presentation 6 February 2026 Integrating technology throughout the vessel lifecycle
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Disclaimer 2 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.
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Who we are – positioning statement A global technology partner, positioned to deliver integrated maritime solutions throughout the vessel lifecycle 3
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Unmatched technological depth and maritime domain knowledge, with a proven ability to deliver complex, integrated systems at scale and a large installed base. A unique portfolio of products, services and integrated solutions, with a balanced mix of newbuild and aftermarket revenues. Broad exposure across commercial shipping, offshore and naval markets, supported by a strong local presence worldwide. Well positioned to transform maritime operations, driven by vessel performance, energy efficiency and digitalisation. A strong growth track record, with ~16% average revenue growth and ~24% average order backlog growth over the past five years. Who we are – proof pillars Our global scale and unmatched technological depth turn strategy into consistent value creation 4
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KM Brand palette Arctic Cyan #00D6E6 Dynamic Aqua #3FBAC2 Accent colours CTA’s, emphasis, navigation, data Signal Green #5E9E2A Warning Orange #EF9F2A Safety Red #E02636 Functional colours only • Used for system states, alerts, validation , status • Never use for brand expression or marketing purposes. Calm light #F3F6F7 Driftwood #E6E2DD Neutrals • Calm light as primary background • Driftwood to soften technical layouts and support sustainability and people Heritage Red #9A2E2E Used sparingly to add humanity and history Anchor #2D3A40 Structure Text (avoid pure black) Ocean Depth #08435A Nordic Teal #006F84 Brand colours Storytelling and brand expression Experienced leadership, global operations A global organisation with deep engineering and operational capability 5 Bjørn Jalving Chief Technology Officer Alexandra Koefoed Executive Vice President Digital & Emerging Mette Toft Bjørgen Chief Financial Officer Per Håvard Siljan Hjukse Executive Vice President Propulsion & Handling Lisa Edvardsen Haugan Chief Executive Officer Johnny Aarseth Executive Vice President Energy & Control Kjersti Nystad Skeie Chief People & Corporate Affairs Officer Jouni Raatikainen Executive Vice President Customer Support 53% engineers 30,000+ installed vessels ~8,300 employees 24/7 global operations
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Our global network is a unique competitive advantage 6 Regional growth strategies • Core competence, technology and product centres • Increasing geopolitical importance • Shipowners and yards expanding Europe, Middle East, Africa • Home of the largest shipyards with global ambitions • Local presence with an integrated delivery organisation • Significant untapped potential for industrial collaborations across the value chain Asia-Pacific • Major opportunities in the US naval market • Strong offshore sector with growth prospects in Brazil • Local presence and content as a key competitive factor Americas 14% Americas 52% Europe, ME, Africa 34% APAC
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Sustained revenue growth 0 5000 10000 15000 20000 25000 30000 35000 2021 2022 2023 2024 2025 7 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 5 10 15 20 25 30 35 2021 2022 2023 2024 2025 EBIT% 16% CAGR 27 15 New build Aftermarket 28 12 13% 7% New build Aftermarket Backed by a continuously expanding order backlog 24% CAGR 1) Financials exclude the gain (NOK 1.2bn) from the sale of the steering gear and rudder business effective March 2025 Disclaimer: Historical figures may be subject to inaccuracies due to changes in business structure and internal transactions 1
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Bridge Digital Thrusters Automation Energy systems Ship design Propulsion Handling Simulation Broad portfolio of unique and mission- critical solutions 8
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~50% A key partner across the vessel lifecycle Supporting shipowners and yards from design and newbuilds through operations, service and upgrades 0 - 5+ years AftermarketNewbuilds ~50% 1) Typical, but not encompassing the full range share of annual revenue share of annual revenue Products Digital and software System integration Ship design Service and maintenance Refits and retrofits Upgrades and life extension Spares 9
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Market developments and strategic drivers 10
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A transforming and growing maritime market 11 Market fundamentals support sustained growth Supporting both the newbuild market and aftermarket More advanced vessels increase the market size Addressable market grows faster than the number of vessels Structural market tailwinds Energy optimisation, connectivity and digitalisation are key drivers, and Naval enters a supercycle Innovation and strategic growth initiatives Enabling Kongsberg Maritime to outperform the market
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Market characteristics Sharp focus on energy efficiency and digitalisation Focus on cost, energy and sustainability Entering a defence-driven supercycle Demand for new tonnage, upgrades and life extensions Emerging electric era, solid upgrade market for existing vessels Growth market with strong cost discipline Mixed – including fishing and special- purpose segments Share of KM’s newbuild order intake (2025) 16% 10% 12% 39% 12% 9% 2% Typical newbuild contract value range (NOKm)1 5 – 50 1 – 80 50 – 200 10 – 500 10 – 20 20 – 200 -- Diversified across all major offshore and shipping segments 121) Typical newbuild contract values. Actual range varies by scope and does not represent the full span Gas Carriers Cargo Naval & Government Offshore Energy Tug Passenger Other
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2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2021 2022 2023 2024 2025 1x 1.2x Kongsberg Maritime newbuild order intake Addressable newbuild market (NOK) Market size in number of contracted vessels 2.5x 0.8x Indexed Strong order backlog increase over the past five years Outpacing the commercial shipping and offshore market Newbuild Market size in number of contracted vessels: ( Clarksons ) Addressable newbuild market NOK: Kongsberg Maritime’s scope of deliveries per vessel segment (not including future changes in delivery scope) (KM Business Intelligence) 14 Continuous innovation and rapid deployment of new solutions across many different vessel segments Agile and innovative approach in a diversified market Large variations in contract value per vessel Vessel mix supportive for Kongsberg Maritime’s growth Across all shipping segments, new vessels are increasingly sophisticated and require a fully integrated digital ecosystem – increasing the scope per vessel High growth for advanced vessels Broader product and solutions portfolio to grow value of deliveries in all vessel segments Clear strategies to expand the addressable market Growth driven by increasing system scope per vessel, not vessel count alone
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0% 50% 100% 0 5 10 15 20 25 '05 '07 '09 '11 '13 '15 '17 '19 '21 '23 '25 Average age Orderbook/Fleet No. % Orderbook/Fleet GT % 23 19 50% 17%16% 5% Fleet ageing and renewal dynamics are accelerating aftermarket demand Large installed base supports aftermarket growth Aftermarket Fleet data ( Clarksons ) 1) Forum on Trade, Environment, & the SDGs (TESS) 15 to comply with regulations, with Kongsberg Maritime acting as a key partner across the vessel lifecycle More than 50,000 vessels require upgrading over the next 5 years1 across automation systems, propulsion systems and thousands of other products and solutions Kongsberg Maritime has an installed base of ~30,000 vessels to improve energy efficiency, reduce OPEX, and enhance operational integrity as rising newbuild and secondhand values increase incentives to extend lifetimes Increasing demand for new technologies across energy and control, propulsion and handling, remote & autonomous operations, simulation and digitalisation Unique solutions and integration capabilities Ageing fleet and lifecycle upgrades underpin long -term demand
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Naval is an evolving and fast-growing vessel segment Unmanned surface vessels with remote and autonomous capabilities represent a fast-growing sub- segment within Naval. We are a frontrunner in this space, with proven solutions already in operation, including Reach Remote. Pioneering remote and autonomy We bring world-leading commercial vessel solutions across ship design, automation, electrification and digitalisation. These proven, cost-efficient system integration capabilities are now being deployed in naval applications. Large untapped Naval potential Kongsberg Maritime has equipped over 1,000 large navy and coast guard vessels, including Type 26 frigates for the UK, Canada and Australia. With more than 20 different naval vessel designs delivered, we are a trusted partner to multiple nations. Equipped more than 1,000 Naval vessels 17
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Reporting segments 18
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We enable an efficient maritime future Energy & Control • Delivers: Automation, electrical systems, bridge and remote control, and integrated solutions • Structural strengths: Broad vessel segment exposure and system integration capabilities • Growth levers: Electrification and hybridisation, advanced control, and USV platforms Ship designs 1,000+ Integrated Navigation Systems 1,000+ Dynamic Positioning Systems 4,500+ Manoeuvring and Control Systems 14,000+ Vessel Automation Systems 12,000+ Share of revenue 10,1 12,1 13,0 0 2 4 6 8 10 12 14 2023 2024 2025 Revenue 0,6 1,0 1,4 0 0,2 0,4 0,6 0,8 1 1,2 1,4 1,6 1,8 2 2023 2024 2025 EBIT Company-wide enablers Digital solutions and simulation improving efficiency, sustainability and safety Emerging concepts and pilots across all divisions IT, software and services supporting modern vessel operations Propulsion & Handling • Delivers: Thrusters, waterjets, propellers and handling systems • Structuralstrengths: Deep hydrodynamic competence, the industry’s broadest product portfolio, and mission-critical solutions • Growth levers: Vessel segment expansion, closer customer proximity, and energy savings Vessels with handling equipment 6,000+ Thrusters 16,500+ Propellers 6,000 + Waterjets 12,000+ Share of revenue 11,2 13,7 13,4 0 2 4 6 8 10 12 14 2023 2024 2025 Revenue 1,6 2,5 2,3 0 0,5 1 1,5 2 2,5 3 2023 2024 2025 EBIT Financials exclude the gain (NOK 1.2bn) from the sale of the steering gear and rudder business effective March 2025 19
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Unmatched technological depth and maritime domain knowledge, with a proven ability to deliver complex, integrated systems at scale and a large installed base. A unique portfolio of products, services and integrated solutions, with a balanced mix of newbuild and aftermarket revenues. Broad exposure across commercial shipping, offshore and naval markets, supported by a strong local presence worldwide. Well positioned to transform maritime operations, driven by vessel performance, energy efficiency and digitalisation. A strong growth track record, with ~16% average revenue growth and ~24% average order backlog growth over the past five years. Who we are – proof pillars Our global scale and unmatched technological depth turn strategy into consistent value creation 20
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Built on the strength and expertise of our people.
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Appendix 22
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979 1 255 1 816 3 364 3 464 7% 7% 9% 13% 13% 0% 5% 10% 15% 20% 0 500 1 000 1 500 2 000 2 500 3 000 3 500 4 000 2021 2022 2023 2024 2025 Key financials: Attractive lifecycle economics with proven scale and margins 23Financials exclude the gain (NOK 1.2bn) from the sale of the steering gear and rudder business effective March 2025 Disclaimer: Disclaimer: Historical figures may be subject to inaccuracies due to changes in business structure and internal t ransactions Revenues ( NOKm) EBIT and EBIT -margin (NOKm, % of revenue) Order backlog ( NOKm)Order intake ( NOKm) 15 638 21 335 23 002 28 938 31 822 0 5 000 10 000 15 000 20 000 25 000 30 000 35 000 2021 2022 2023 2024 2025 11 854 16 963 19 800 23 494 27 887 0 5 000 10 000 15 000 20 000 25 000 30 000 2021 2022 2023 2024 2025 Order backlog by year 2026 2027 2028+Gas Carriers Cargo Naval & Gov. Offshore Tug Pax Other Order intake mix ‘25 (Newbuild only) NOK 16bn 14 691 16 714 20 650 25 326 26 922 0 5 000 10 000 15 000 20 000 25 000 30 000 2021 2022 2023 2024 2025
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Delivering consistent growth and robust profitability across business segments 24Financials exclude the gain (NOK 1.2bn) from the sale of the steering gear and rudder business effective March 2025 R&D (NOKbn, % of revenue) – Group 1,1 1,2 1,4 1,5 1,7 7,2 % 7,4 % 6,8 % 5,9 % 6,2 % 2021 2022 2023 2024 2025 Opex Capex Share of revenue 11,2 13,7 13,4 14,0 % 18,1 % 17,5 % 2023 2024 2025 1 Propulsion & Handling ( NOKbn) Revenue EBIT-margin Energy & Control ( NOKbn) 10,1 12,1 13,0 5,6% 8,3% 10,9% 2023 2024 2025 Revenue EBIT-margin
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Bridge Digital Automation Energy systems Ship design Simulation Integrated solutions 25Financials exclude the gain (NOK 1.2bn) from the sale of the steering gear and rudder business effective March 2025 Key financials NOK billion Energy & Control Driving maritime automation and energy transition • Expanding market driven by increased vessel complexity and efficiency requirements • Delivering end-to-end energy management for maritime performance • World-leader in automation systems, having delivered 12,000+ systems • Ship design & integrated solutions - key enablers for other Kongsberg Maritime products and offerings • Diversified vessel exposure, high degree of service and engineering solutions • Large variety in contract deliveries from small vessels to massive projects • Strategic growth areas: energy systems, electrification and integration Example products EBIT Segments Sales by lifecycle Newbuild Aftermarket 10,1 12,1 13,0 2023 2024 2025 Revenue 0,6 1,0 1,4 2023 2024 2025 11 11 14 2023 2024 2025 Backlog 47% 53%
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Digital Thrusters Propulsion Handling Simulation 26Financials exclude the gain (NOK 1.2bn) from the sale of the steering gear and rudder business effective March 2025 Key financials NOK billion Propulsion & Handling Defining the future of propulsion and handling • Installed base of over 6,000+ propellers and 16,500+ thrusters • Broadest propulsion portfolio in the market, including thrusters, propellers and waterjets • High equipment and product intensity, and high deliveries of aftermarket spare parts • Main vessel segments: Offshore, Naval, Tug, Special purpose • Strategic growth segments: Naval, Cargo, LNG • Strategic growth areas: broaden product portfolio to capture volume market opportunity and energy savings (such as wind assisted propulsion) Example products Revenue 11,2 13,7 13,4 2023 2024 2025 Backlog 9 12 13 2023 2024 2025 1,6 2,5 2,3 2023 2024 2025 EBIT Segments Sales by lifecycle 63% 37% Newbuild Aftermarket
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