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Norconsult – Q3 2026 – Pre-close call Illustration: Kystverket/Snøhetta CFO Dag Fladby and SVP IR Christian S. Aasland 12 Oktober 2026 Stad Ship Tunnel
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Not for general release, publication or distribution, directly or indirectly in Australia, Canada, Japan, the United States o r to US persons or in any other jurisdiction where such distribution would constitute a violation of the relevant laws or regulations of such jurisdiction. This report includes and is based among other things on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this document are based on our current expectations and projections about future events, including in relation to global econ omic conditions and the economic conditions of the regions and industries that are significant to Norconsult. All statements other than statements of historical facts included in this notice, including statem ents regarding our future financial position, risks and uncertainties related to our business, strategy, capital expenditures, projected costs and our plans and objectives for future operations, may be deemed t o be forward-looking statements. These expectations, estimates and projections are generally identifiable by statements containing words such as “believe,” “expect,” “anticipate,” “may,” “assume,” “plan,” “intend,” “will,” “should,” “estimate,” “risk” and similar expressions or the negatives of these expressions. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Important factors that could cause actual results to differ materially from those expectations include, among oth ers, economic and market conditions in the geographic areas and industries that are or may be major markets for Norconsult’s business, changes in governmental regulations, interest rates and fluctuations in currency exchange rates. Forward -looking statements are not guarantees of future performance. Although Norconsult believes that its expectations are based upon reasonable assumptions, it can give no assuran ce that those expectations will be achieved or that the actual results will be as set out in this report. You should therefore not place undue reliance on these forward -looking statements. In addition, any forward-looking statements are made only as of the date of this notice, and we do not intend and do not assume any obligation to update any statements set forth in this report. This report is for information purposes only and is not to be relied upon in substitution for the exercise of independent jud gment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sel l any securities in Norconsult. Information in this document cannot be relied upon as a guide to future performance. This presentation is not for release, publication or distribution, directly or indirectly in Australia, Canada, Japan, the Un ited States or to US persons or in any other jurisdiction where such distribution would constitute a violation of the relevant laws or regulations of such jurisdiction. The information contained herein does not constitute an offer of securities for sale in the United States, Australia, Canada, Japan or any other jurisdiction where such offer would constitute a violation of the relevant laws or regulations of such jurisdiction . The securities may not be offered or sold in the United States unless they are registered under applicable law or exempt from registration. The company does not intend to register its shares in the United States or to conduct a public offer of securities in the United States or any other jurisdiction in which it would be unlawfu l or would require registration or other measures. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted. Disclaimer 2 Q2 2026 Norconsult ASA Pre-Close call
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Strong growth and stable profitability – 6% organic growth adjusted for calendar effects – Adj. EBITA margin adjusted for calendar effects of 6.2% (6.2%) – Billing ratio of 73.8% YTD Q2 2026 key messages 3
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The overall market is expected to remain stable, however, with continued uncertainty linked to the geopolitical situation – The demand in Infrastructure is expected to be stable going forward in line with public spending plans – The private market for Buildings & Architecture is expected to continue as-is – We continue to expect a high level of activity in the energy sector, and a more mixed development in other industry segments as geopolitical factors may further delay investment decisions in certain markets Photo: Morten Olivarius 4 Q2 2026: Outlook Herlev Bymidte
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– Estimated calendar effect of NOK +17m compared to same quarter last year – Annual salary adjustments in Norway take effect from July – New graduates starting in August and September Q3 2026 reminders 5
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Net revenue* Billing ratio Adj. EBITA Quarterly performances influenced by seasonality and number of working days Average workdays per quarter ** * Net revenue = Operating revenue and other income after external project costs, ** Weighted average workdays for the Group per quarter post public holidays and pre vacation days, rounded to the nearest whole number *** Estimated calendar effects for Q3 2026 6 NOK +17m***
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Every day we improve everyday life This document has been prepared by Norconsult ASA as part of the assignment that the document relates to. The copyright of th is document is owned by Norconsult ASA. The document may only be used for the purpose described in the assignment agreement and must not be copied or made available in any other way or to a greater extent than necessary for the stated purpose. Q2 2026 Pre-close call