Slides
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See Statement of Proprietary information
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See Statement of Proprietary information Investor presentation Q3 2026 Eirik Lie President & CEO
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See Statement of Proprietary information INVESTOR PRESENTATION Q3 GEOPOLITICS Europe boosts defence investments • Ukraine highlights need for air defence, missiles and anti-drone solutions • Europe boosts investments in increased capacity and sovereign capabilities • Accelerated demand for high volume and long-range solutions Photo: Ukraine Govt. Meeting President Volodymyr Zelensky Oslo, 20 October, 2026 Poland’s President Donald Tusk Warsaw Security Forum, 2026
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NOK 11.3 bn YoY: +50% NOK 1.9 bn EBIT margin: 16.4% NOK 23.3 bn Book/bill: 2.06 Revenue EBIT Order intake STATUS Q3 • High demand for KONGSBERG’s solutions • Sonatech acquisition closed • Capacity increase on track − New factory in Poland announced All figures includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria)See Statement of Proprietary information Q3 2026 Key developments INVESTOR PRESENTATION Q3
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NASAMS • Belgium placed NOK 9.8 bn order for NASAMS • Netherlands added NOK 1.5 bn to expand air defence capabilities Missiles • USD 100 m contract for additional JSM to US Air Force • USD 65 m contract with US Govt. for Zone 5’s Rusty Dagger Underwater Capabilities • USD 54 m contract with US Govt. for autonomous underwater vehicles INVESTOR PRESENTATION Q3 Q3 2026 New orders See Statement of Proprietary information
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Undersea warfare • Deep domain expertise and proven dual- use technologies • Rapidly evolving demand from defence • USD 54 million US Government contract confirming demand • Sonatech acquisition strengthens technology portfolio and positions for US opportunities • Horten Horizon adds capacity to support future growth
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See Statement of Proprietary information Martin Wien Fjell EVP & CFO Financial status
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See Statement of Proprietary information 118.6 174.2 23.3 9.5 Order intake Order backlog 13.0 Discovery 74.8 Missiles & Aerostructures 86.9 Defence Systems Backlog by division 7% 30% 63% 2026 2027 2028+ Backlog by delivery All figures includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria) Strong order intake ORDER INTAKE AND ORDER BACKLOG INVESTOR PRESENTATION Q3 KONGSBERG Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Amounts in NOK bn
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Defence Systems Missiles & Aerostructures Discovery Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 7.6 11.3 +50% Amounts in NOK bn Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 2.1 4.0 +87% Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 1.8 2.0 +11% KONGSBERG Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 3.4 5.4 +58% Double-digit growth in all divisions REVENUES See Statement of Proprietary information All figures includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria) INVESTOR PRESENTATION Q3
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Defence Systems Missiles & Aerostructures Discovery Margin driven by high volumes EBIT AND EBIT-MARGIN See Statement of Proprietary information All figures includes proportionate figures from consolidated JVs (i.e. not including 49.9% owned Patria) INVESTOR PRESENTATION Q3 14.8% 16.4% 1.1 1.9 16.5% 11.6% 0.4 0.5 18.0% 14.6% 0.3 0.3 16.1% 20.6% 0.6 1.1 66% Amounts in NOK bn Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 KONGSBERG
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• Strong revenue growth and improved profitability • Continued strong demand for armoured vehicles • Order backlog stable at EUR 3.5 bn • Norway ordered 20 additional 6x6 vehicles See Statement of Proprietary information Patria – Key figures and business update ASSOCIATED COMPANIES Business update 734 826 235 307 69 82 116 20 2023 2024 2025 Q3 25 Q3 26 1,087 37 +31% Revenue (EURm) 233 274 449 KOG’s share of net profit (NOKm)* 76 159 *Share of net income from Patria is recognized as follows during the quarters: Q1: Jan -Feb, Q2: Mar-May, Q3: Jun-Aug and Q4: Sep-Des. Quarterly split of revenues and EBIT are presented with the corresponding periodization. EUR 3.5 bn in order backlog EBIT (EURm) INVESTOR PRESENTATION Q3
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4.9 Cash 1.7 2.2 EBITDA 1.9 Change in working capital -1.2 Sonatech -1.1 Capex -0.2 Other 6.4 Cash 30.09 See Statement of Proprietary information Strong operational cash flow CASH FLOW DEVELOPMENT INVESTOR PRESENTATION Q3 -7.6 Q3 25 Q4 25 Q1 26 Q2 26 -11.0 Q3 26 Amounts in NOK bn Cash flow Working capital
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See Statement of Proprietary information Outlook and Q&A Q32026
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• Order backlog supports strong revenue growth in 2027 • Demand for missiles, air defence systems, and weapon stations remains high • Developing future capabilities − Anti Tactical Ballistic Missile air defence − High volume, affordable mass • KONGSBERG well positioned to deliver on backlog and future demand INVESTOR PRESENTATION Q2 Q3 2026 Outlook
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See Statement of Proprietary information Q&A Q32026