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Bravida Q1 2026 Mattias Johansson, President & CEO Petra Vranjes, CFO May 5th, 2026 Improved profitability and all-time high order backlog in a growing market Mattias Johansson, CEO & Group President Petra Vranjes, CFO Stockholm, 23 October 2026 Q3 2026 Interim Report Presentation Interim Report Q3 20261
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A strong third quarter 2026 Net sales 7,027 (6,433) Organic growth +9% (-3) EBITA margin 6.5% (5.3) Order intake +72% (5) Order backlog +48% (-1) Net debt / EBITDA 1.0x (1.5) (=Q3 2025) 2 Presentation Interim Report Q3 2026
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3 Strong organic growth and increased EBITA margin Presentation Interim Report Q3 2026 6,433 567 -65 91 7,027 Net sales Q325 Organic growth M&A Currency effect Net sales Q326 • 34% (17) EBITA growth to 460 (342) MSEK, EBITA margin was 6.5% (5.3). EBITA had a negative impact of 8 million SEK from non-recurring items. Adjusted EBITA margin was 6.7%. EBITA margin LTM was 6.7% (5.7) • Improved EBITA margins in all markets 294 342 460 6.7 0 1 2 3 4 5 6 7 8 0 100 200 300 400 500 600 700 2409 2412 2503 2506 2509 2512 2603 2606 2609 EBITA,Q EBITA margin,LTM MSEK MSEK % • Improved profitability in all markets with higher volumes • 9% (-2) sales growth to 7,027 (6,433) MSEK, of which 9% (-3) organic, -1% (3) acquisition, FX 1% (-2) • Good demand for small and midsize installations and larger projects in data centres, infrastructure and defence
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Society's transformation benefits Bravida's business Energy saving in buildings Hospital buildings with operational security Data centre Infrastructure project Reliable security systems Defence industry Industrial projects Presentation Interim Report Q3 20264
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5 Order intake increased 72% (5) YoY Order backlog increased 48% (-1) YoY Presentation Interim Report Q3 2026 Significantly increased order intake and order backlog 5,900 6,539 5,724 5,997 10,317 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Order intake, Q Order intake, LTM 17,895 16,459 16,610 16,381 24,216 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 26,000 MSEK MSEK MSEK Order backlog, Q
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Selection of new customer assignments during Q3 Presentation Interim Report Q3 20266 • New data centre: power supply and distribution, lighting and cooling • Underway, planned completion: Q1 2028 • Client: EcoDataCenter (8th data centre for this client) • Kvarnsveden, Borlänge, Sweden • Technical partner: electrics, heating, plumbing, ventilation, cooling, fire safety, security and BMS • Planned completion: autumn 2027 • Project: Danish Data Center 1 (DDC1) • Esbjerg harbour, Denmark • Main contractor: all installations • Client: atNorth • Kouvola, Finland Denmark Finland Sweden Norway • Framework agreement: operation, maintenance and upgrades of electrical installations • Term: 4 years, with extension option • Client: Avinor • Bergen Airport Flesland, Norway Continuing collaboration with EcoDataCenter in Borlänge Technical partner for data centre in Denmark Framework agreement with Avinor for electrical services Main contractor for data centre in Finland
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Since 2009 More than 200 MW in total Bravida has solid expertise and experience in data centre facilities 7
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8 • Project management, design, and all technical installations • Planned completion: 2028/2029 • Client: Green Mountain • Undheim, Rogaland, Norway • Electrical and industrial piping • Planned completion: Q1 2028 • Client: EcoDataCenter • Kvarnsveden, Borlänge, Sweden Norway June 2026 / 4,300 MSEK Sweden July 2026 / 650 MSEK • Electrical installations • Planned completion: 2027 • Client: XTX Markets • Kajaani, Finland • Principal contractor, installation work and management • Client: atNorth • Kouvola, Finland Finland June 2026 Finland July 2026 / 2,200 MSEK 6 new data centre orders in recent months Sweden August 2026 / 850 MSEK • Electrical, plumbing, ventilation and sprinkler • Planned completion: end of 2027 • Client: confidential • Mälardalen • Electrical installation, HVAC, plumbing, cooling and BMS • Esbjerg, Denmark Denmark August 2026 / Mid-sized Presentation Interim Report Q3 2026
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< 9 Fazer chocolate factory HVAC installations E4 The Stockholm Bypass (18 km tunnel) Power, lighting, HVAC, water & wastewater, fire protection Lantmännen Biorefineries Electrical, HVAC, plumbing, process-related installations New Odense University Hospital Critical power systems, long-term service for high-spec hospital Turku, compass hospital Sprinkler installation Hitachi Energy Park Technical building systems/sprinkler, fire safety Great Belt & Øresund Links O&M Operations/maintenance, critical infrastructure Viking Link Converter Station Electrical, HVAC, cooling, plumbing and automation installations New Bodø Airport – Energy hub HVAC/cooling critical airport operations Other advanced projects Small and medium-sized projects still account for over 70% of our revenue LTM Hamar Science Park Sanitary, heating, sprinkler and cooling installations Novo Nordisk Foundation, HQ Electrical, plumbing, HVAC, sprinkler systems, ventilation, fire and security systems, BMS Extension of the Stockholm metro Design and implementation of HVAC, electrical and control systems Presentation Interim Report Q3 2026
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28 acquisitions Net sales 1.8 SEKbn Acquisition always on our agenda Sverige Norge Finland Danmark 96 acquisitions Net sales 5.3 SEKbn 21 acquisitions Net sales 2.4 SEKbn No. acquisitions 2014-2026 167 SEK ~12.5 bn Acquired sales 2014-2026 22 acquisitions Net sales 3.0 SEKbn • Strong pipeline, but limited availability of financially robust targets Presentation Interim Report Q3 202610 • Åslunds El AB acquired on 1 September, strengthens electrical services in Stockholm and Uppsala, FY2025 net sales of ~SEK 56m
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Financials – Q3 2026 Petra Vranjes, CFO 11
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12 • 6% (-7) sales growth; and 9% (-11) organic and -3% (4) acquisition • Good demand in northern Sweden, while the market in southern Sweden is gradually improving • 53% (55) Installation sales • 6.1% (6.0) EBITA margin, impacted by restructuring costs of -8 MSEK • 47% (33) growth in order intake YoY • 7% (-9) increase in order backlog YoY Presentation Interim Report Q3 2026 MSEK Q3 2026 Q3 2025 YTD 2026 YTD 2025 Net sales 3,047 2,878 10,066 9,520 EBITA 187 172 543 542 EBITA margin,% 6.1 6.0 5.4 5.7 Order intake 4,293 2,925 11,862 9,729 Order backlog 8,944 8,350 8,944 8,350 3,080 2,878 3,047 0 1 2 3 4 5 6 7 8 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2409 2412 2503 2506 2509 2512 2603 2606 2609 Net sales, Q EBITA margin, LTM 4,293 8,944 2,925 8,350 0 2,000 4,000 6,000 8,000 10,000 Order intake Order backlog 2609 2509 Quarterly net sales and EBITA margin LTM Quarterly order intake and order backlog MSEK % MSEK Q3 2026: Sweden 6.4%
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13 Q3 2026: Denmark Presentation Interim Report Q3 2026 • 1% (20) net sales growth; 1% (23) organic, 0% (-3) FX • 55% (55) Installation sales • 7.5% (5.5) EBITA margin, progress is primarily due to focus on margins over volume and the turn- around • 35% (-32) increase in order intake YoY • -1% (8) decrease in order backlog YoY MSEK Q3 2026 Q3 2025 YTD 2026 YTD 2025 Net sales 1,929 1,910 5,657 5,382 EBITA 146 105 335 240 EBITA margin,% 7.5 5.5 5.9 4.5 Order intake 1,853 1,375 5,577 6,247 Order backlog 4,590 4,649 4,590 4,649 1,595 1,910 1,929 0 1 2 3 4 5 6 7 8 0 500 1,000 1,500 2,000 2,500 2409 2412 2503 2506 2509 2512 2603 2606 2609 Net sales, Q EBITA margin, LTM 6.1% 1,853 4,590 1,375 4,649 0 1,000 2,000 3,000 4,000 5,000 Order intake Order backlog 2609 2509 Quarterly net sales and EBITA margin LTM Quarterly order intake and order backlog MSEK MSEK %
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14 Q3 2026: Norway Presentation Interim Report Q3 2026 • 19% (-10) sales growth; 11% (-7) organic, 7% (-3) FX, 1% (0) acquisition • 42% (36) Installation sales • 6.2% (5.7) EBITA margin follows volume growth and margin focus • 47% (-9) increase in order intake YoY • Almost 5 BSEK increase in order backlog YoY MSEK Q3 2026 Q3 2025 YTD 2026 YTD 2025 Net sales 1,388 1,165 4,193 3,906 EBITA 86 66 242 218 EBITA margin,% 6.2 5.7 5.8 5.6 Order intake 1,462 996 8,693 4,113 Order backlog 7,018 2,129 7,018 2,129 1,297 1,165 1,388 0 1 2 3 4 5 6 7 8 0 500 1,000 1,500 2,000 2,500 2409 2412 2503 2506 2509 2512 2603 2606 2609 Net sales, Q EBITA margin, LTM 1,462 7,018 996 2,129 0 2,000 4,000 6,000 8,000 10,000 Order intake Order backlog 2609 2509 Quarterly net sales and EBITA margin LTM Quarterly order intake and order backlog MSEK MSEK 6.3% %
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15 Q3 2026: Finland Presentation Interim Report Q3 2026 • 33% (-18) sales growth; 33% (-21) organic, 0% (-2) FX, 0% (5) acquisition • The operations are showing gradual positive progress, with demand in Inner Finland and in Ostrobothnia being stronger • 70% (67) Installation sales • 5.1% (0.6) EBITA margin, follows volume growth and margin focus • 2 BSEK increase in order intake YoY • 2.4 BSEK increase in order backlog YoY MSEK Q3 2026 Q3 2025 YTD 2026 YTD 2025 Net sales 701 528 1,888 1,628 EBITA 36 3 64 26 EBITA margin,% 5.1 0.6 3.4 1.6 Order intake 2,748 749 4,215 1,980 Order backlog 3,665 1,253 3,665 1,253 646 528 701 0 1 2 3 4 5 6 7 8 0 500 1,000 2409 2412 2503 2506 2509 2512 2603 2606 2609 Net sales, Q EBITA margin, LTM 2,748 3,665 749 1,253 0 1,000 2,000 3,000 4,000 5,000 Order intake Order backlog 2609 2509 Quarterly net sales and EBITA margin LTM Quarterly order intake and order backlog MSEK MSEK 3.4% %
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1616 Highlights • Cash conversion was 110% (63) • RCF 2,500 MSEK with maturity February 2028 with options +1 year • Commercial paper program 1,850 MSEK and 15 MEUR • 3-year term loan 750 MSEK, maturity February 2028 • Net debt/EBITDA, excluding leasing was 0.45x Operating cash flow Financial position Q3 2026 Cash balances 965 Term loan,RCF, Commercial paper -2,080 Leasing, IFRS 16 -1,449 Net debt -2,564 EBITDA, LTM 2,628 Net debt / EBITDA, LTM 1.0x Stable financial position gives us capacity to invest in continued growth Net debt excluding leasing -1,115 Presentation Interim Report Q3 2026 800 -111-200 0 200 400 600 800 1,000 Q3 2026 Q3 2025 MSEK
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Share buyback program part of optimising capital structure • AGM 2026 resolved to authorize Bravida’s Board to repurchase own ordinary shares • The aim of buyback program is to optimise the capital structure and create long-term shareholder value • Bravida’s buyback program that runned during the quarter and after the period was completed 19 October, 2026. Bravida has repurchased 705,200 own ordinary shares at an average price of SEK 141.79 and a total amount of 100 MSEK • The Board decided on 22 October, 2026 to carry out an additional share buyback program for a maximum amount of 100 MSEK to be completed before Q4 Interim Report 2026 • The Board intends to evaluate share buyback programs on an ongoing basis until AGM 2027 • Bravida’s holdings per 19 October 2026: 1,581,214 ordinary shares and 2,370,189 Class C shares 17 Presentation Interim Report Q3 2026
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Long-term perspective in our sustainability efforts LTIFR 4.9 (5.0) Proportion of electric vehicles 51% (42) Change in CO2e emissions Scope 1 -33% (-20) Change in tonnes CO2e Scope 1/net sales -34% (-17) (=Q3 2025) 18 Presentation Interim Report Q3 2026
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Strong third quarter in key metrics Organic growth 9% (-3) EBITA margin 6.5% (5.3) EPS 1.70 (1.19) Cash conversion 110% (63) Net debt / EBITDA 1.0x (1.5) LTIFR 4.9 (5.0) (=Q3 2025) Presentation Interim Report Q3 202619
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Presentation Interim Report Q3 2026 Solid and exciting platform for long-term value creation • Strong organic growth and improved margin development, combined with significantly increased order intake and record high order backlog • Society's transformation benefits Bravida's business • We are an enabler of the AI-driven digital transformation while benefiting from a workforce that cannot be automated • High customer trust and attractiveness as an employer • Stable financial position gives us capacity to invest in continued growth • Well-established market position and balanced project mix, provides a solid and exciting platform for long-term value creation 20
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Financial calendar Year-end Report 2026 10 February, 2027 Q1 2027 Interim Report 27 April, 2027 Annual General Meeting 27 April, 2027 Q2 2027 Interim Report 15 July, 2027 Q3 2027 Interim Report 26 October, 2027 21 Presentation Interim Report Q3 2026
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Q&A 22 Presentation Interim Report Q3 2026