Kongsberg Automotive : CMD presentation 2024

CAPITAL MARKETS DAY

MAY 13, 2024

Kongsberg Automotive Capital Markets Day May 13, 2024

FORWARD-LOOKING STATEMENTS

AND NON-IFRS MEASURES

FORWARD-LOOKING STATEMENTS

This presentation contains certain "forward-looking statements". These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this presentation include statements addressing our future financial condition and operating results. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, business, economic, competitive and regulatory risks, such as conditions affecting demand for products, particularly in the automotive industries; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in the 2023 Kongsberg Automotive Annual Report and the Kongsberg Automotive Quarterly Reports.

NON-IFRS MEASURES

Where we have used non-IFRS financial measures, reconciliations to the most comparable IFRS measure are provided, along with a disclosure on the usefulness of the non-IFRS measure, in this presentation.

TODAY'S PRESENTERS

LINDA NYQUIST-EVENRUD

PRESIDENT & CEO

FRANK HEFFTER

CHIEF FINANCIAL OFFICER

CHRISTIAN AMSEL

CHIEF TECHNOLOGY OFFICER

DAVID REDFEARN

CHIEF SALES OFFICER

DIRK ECKERT

CORPORATE SUSTAINABILITY MANAGER

AGENDA

PART 1			PART 2
EXECUTIVE SUMMARY			MARKET UPDATE
BUSINESS STRATEGY			GROWTH STRATEGY
SUSTAINABILITY			PRODUCT PORTFOLIO
FINANCIAL UPDATE				KEY TAKEAWAYS

BREAK

Q&A

EXECUTIVE SUMMARY

Executive summary

WHO WE ARE

GLOBAL AUTOMOTIVE AND INDUSTRIAL APPLICATIONS PROVIDER WITH OVER 65 YEARS OF ENGINEERING EXCELLENCE

HEADQUARTERED

IN KONGSBERG

LISTED ON THE

OSLO STOCK EXCHANGE

AMERICAS: CANADA USA MEXICO BRAZIL

HEADQUARTERS:

KONGSBERG, NORWAY

ASIA:

CHINA

INDIA

SOUTH KOREA

EUROPE:

NORWAY

SWITZERLAND

SWEDEN

UK

GERMANY

POLAND

SLOVAKIA

THE NETHERLANDS

SPAIN

FRANCE

885€M

2023 REVENUES

2BUSINESS AREAS:	~5300
DRIVE CONTROL SYSTEMS	EMPLOYEES ACROSS
FLOW CONTROL SYSTEMS	32 LOCATIONS IN 17 COUNTRIES

Executive summary

KONGSBERG REESTABLISHED

AS THE HEADQUARTERS

KONGSBERG AUTOMOTIVE'S (KA) BOARD OF

DIRECTORS, ALONG WITH THE CEO AND EXECUTIVE

MANAGEMENT, HAS DECIDED TO OPERATE THE

COMPANY OUT OF KONGSBERG, NORWAY.

Going forward, Kongsberg will be the headquarters for KA, with Zurich, Switzerland, serving as the company's financial center.

With this decision, KA moves back to its origins that date back to 1957 and strengthens its ties to two of KA's main Tech Centers in Kongsberg and Raufoss as well as key production facilities in Hvittingfoss and Raufoss.

Executive summary

WHAT WE DO

POWERTRAIN SOLUTIONS		FLUID AND THERMAL MANAGEMENT
ELECTRIC ACTUATORS		PEDALS AND HAND CONTROLS
VEHICLE DYNAMICS		STEERING SYSTEMS
COMPRESSED AIR MANAGEMENT		INDUSTRIAL FLUID APPLICATIONS

6 TECH CENTERS

IN SCANDINAVIA, NORTH AMERICA AND CHINA

343

HIGHLY SKILLED

ENGINEERS GLOBALLY

EXPERTISE IN

ELECTRONICS AND

MECHATRONICS

WE INNOVATE AND DELIVER COST-EFFECTIVE SOLUTIONS ENGINEERED FOR SUSTAINABILITY AND SAFETY

Executive summary

HOW WE DO IT

WE DESIGN EFFICIENT PRODUCTS THAT ARE SAFER AND MINIMIZE ENVIRONMENTAL IMPACT.

CARBON NEUTRAL		100%RENEWABLE
PRODUCTS		ENERGY BY YEAR
BY YEAR 2039		2030

10

LANDFILL-FREE

MANUFACTURING LOCATIONS

21%

REDUCTION IN SCOPE 1 AND 2

CO2e EMISSIONS

45%

RENEWABLE ENERGY

USED ACROSS KA'S

PRODUCTION PLANTS

COMPERED TO 40% IN 2022

Executive summary

WITH WHOM