Kesko Oyj Class A · OMXHEX:KESKOA
Kesko Oyj Class A — Non-Deal Roadshow (August 2026)
84 slides from Kesko Oyj Class A's roadshow presentation, Aug 25, 2026
Slide 1: Kesko seeks growth in all its three business divisions
KESKO INVESTOR PRESENTATION KESKO SEEKS GROWTH IN ALL ITS THREE BUSINESS DIVISIONS August 2026
Slide 2: Table of contents
TABLE OF CONTENTS 1. KESKO AT A GLANCE 3 - Grocery trade 6 - Building and technical trade 14 - Car trade 26 2. DAHL – ACQUISITION 30 3. Q2 RESULT PRESENTATION 41 4. OTHER STRATEGIC THEMES 70 5. MANAGEMENT AND IR CONTACT 80
Slide 3: Kesko today
KESKO TODAY KEY FINANCIALS Leading trading sector ~39,000 employees in the #1 Rolling 12 mo 2025 6/2026 company in Northern whole K Group,1,800 stores, Europe with retail and B2B 3 divisions, comprehensive Net sales, € million 12,866.3 12,474.7 sales of €16bn digital services in 8 countries Q2/2026,
Slide 4: Kesko segment key figures
KESKO SEGMENT KEY FIGURES NET SALES OPERATING PROFIT Car trade Car trade Sales to €78.1m €1,383m B2C-sales K-retailers ~16% 5.6% Grocery trade ~43% €6,533m Building and technical Grocery trade trade €678.7m €12,866m €12,866m €423.0m 5.3% €201.7m 6.5% Building and 4.1% technical trade B2B-sales ~41%
Slide 5: Kesko's growth strategy
KESKO’S GROWTH STRATEGY THE LEADING AND MOST ATTRACTIVE TRADING SECTOR VISION GROWTH COMPANY IN NORTHERN EUROPE STRATEGIC DELIVERING STRENGTHENING BUILDING A FOCUSED ENGAGING PEOPLE ENHANCING AI AND TARGETS PROFITABLE GROWTH MARKET POSITION B2C AND B2B TO DRIVE TECHNOLOGY BUSINESS PORTFOLIO CUSTOMER
Slide 6: Strong position in Finnish food trade yielding good results
GROCERY TRADE STRONG POSITION IN FINNISH FOOD TRADE YIELDING GOOD RESULTS 6
Slide 7: Grocery trade division in brief
GROCERY TRADE GROCERY TRADE DIVISION IN BRIEF MARKET SHARE IN 1,100 stores 6,300 employees The leading foodservice 2025 Almost 800 K Group grocery provider in Finland (NIELSEN) stores offer online grocery services 860 49.2% market share K-retailers NET SALES Rolling 12 mo 2025 2024 2023 KCM non-food
Slide 8: Grocery trade: target to maintain good profitability and gain market share
GROCERY TRADE GROCERY TRADE: TARGET TO MAINTAIN GOOD PROFITABILITY AND GAIN MARKET SHARE KEY ACTIONS: • STRENGTHENING QUALITY: Focusing on store-specific business ideas to strengthen chosen competitive advantages and raising the level of stores. • DEVELOPING STORE SITE NETWORK: Targeted investments
Slide 9: Grocery trade division
GROCERY TRADE GROCERY TRADE DIVISION GROCERY STORE BUSINESS In brief: Market and market shares: Operates in Finland, business comprises three grocery store Total Finnish grocery trade market €21–22 billion; chains with some 1,100 stores across the country operated by Kesko the second biggest operato
Slide 10: Kesko and K-Retailers
GROCERY TRADE KESKO AND K-RETAILERS Wholesale, Active co-operation and common goals product strategy Chain agreement, chain steering Services and business KESKO support Store concepts Chain selections, wholesale Steering retail prices and campaigns K-RETAILERS Responsible purchasing channels, Ensure
Slide 11: Grocery trade store site investment focus on growth centres
GROCERY TRADE GROCERY TRADE STORE SITE INVESTMENT FOCUS ON GROWTH CENTRES Emphasising hypermarkets and other larger units • Urbanisation is expected to accelerate in Finland • Long-term store site investment programme to ensure Kesko’s competitiveness and market share development • During up-coming
Slide 12: New urban hypermarkets to be opened in Finnish growth centres
GROCERY TRADE NEW URBAN HYPERMARKETS TO BE OPENED IN FINNISH GROWTH CENTRES Several new growth centre hypermarkets in pipeline 1. New K-Citymarket in a shopping centre in Lempäälä near Tampere opened in September 2025 2. New K-Citymarket in Lahti city centre opened in November 2025, replacing K-City
Slide 13: Grocery trade division: foodservice business
GROCERY TRADE GROCERY TRADE DIVISION FOODSERVICE BUSINESS In brief: Market and market share: Operates in Finland, business comprises Kespro’s foodservice Total Finnish foodservice market €2.5 billion; wholesale with 13 cash-and-carry outlets and online sales Kespro the market leader with a market sh
Slide 14: A good result in a challenging cycle
BUILDING AND TECHNICAL TRADE A GOOD RESULT IN A CHALLENGING CYCLE 14
Slide 15: Building and technical trade in brief
BUILDING AND TECHNICAL TRADE BUILDING AND TECHNICAL TRADE IN BRIEF NET SALES Onninen Leading operator in building and 80% B2B trade accounts for more Baltic technical trade in Northern Europe than 80% of net sales Onninen countries Poland K-Rauta 3% 8% Finland Customer segments: Technical profession
Slide 16: Focusing on securing profitability and generating cash flow
BUILDING AND TECHNICAL TRADE BUILDING AND TECHNICAL TRADE: FOCUSING ON SECURING PROFITABILITY AND GENERATING CASH FLOW KEY ACTIONS: • FINLAND: Continuing growth and winning market share. THE LONG-TERM STRATEGIC TARGET OF 6-8 % EBIT MARGIN IS STILL VALID. • SWEDEN AND NORWAY: Improving business perfo
Slide 17: Building and technical trade: technical trade
BUILDING AND TECHNICAL TRADE BUILDING AND TECHNICAL TRADE TECHNICAL TRADE In brief: Market and market shares: Operates in 8 countries. Kesko subsidiary Onninen offers Total market (est.) for 8 countries (incl. Denmark) technical wholesale products and services (offering varies €22 bn; Kesko’s market
Slide 18: Technical trade – opportunities for further growth outside Finland
BUILDING AND TECHNICAL TRADE TECHNICAL TRADE – OPPORTUNITIES FOR FURTHER GROWTH OUTSIDE FINLAND Total market size ~€22 billion Technical trade Retail Market (€bn) 2.8 Technical trade Market share 19% Retail Market (€bn) 2.4 Market share in current Market share (2025) 44% 39%* operating market (2025)
Slide 19: Building and technical trade: building and home improvement
BUILDING AND TECHNICAL TRADE BUILDING AND TECHNICAL TRADE BUILDING AND HOME IMPROVEMENT In brief: Market and market shares: Operates in 8 countries; offers products and services for Total market (est.) for 8 countries €25bn; Kesko’s building, renovation, garden, interior decoration and home market s
Slide 20: Building and home improvement – further possibilities outside Finland
BUILDING AND TECHNICAL TRADE BUILDING AND HOME IMPROVEMENT – STILL FURTHER POSSIBILITIES ESPECIALLY OUTSIDE FINLAND Total market size ~€18 billion Professional Consumers builders Professional Consumers Retail market (€bn) 3.1 1.8 builders Market share (2025) 12% Retail market (€bn) 1.7 0.9 Market sh
Slide 21: Acquisitions have played a significant role in international growth
BUILDING AND TECHNICAL TRADE ACQUISITIONS HAVE PLAYED A SIGNIFICANT ROLE IN INTERNATIONAL GROWTH 4/2016 6-7/2018 1/2019 3/2020 08/2021 4/2022 3/2023 1/2024 1/2025 Suomen Reinin Liha Sørbø Trelast MIAB Kungälvs Trä Djurbergs Zenitec Sweden Davidsen A/S Roslev Lähikauppa and Kalatukku and Tau & Jørpel
Slide 22: Market share in Danish builders' merchant set to rise via acquisitions
BUILDING AND TECHNICAL TRADE MARKET SHARE IN DANISH BUILDERS’ MERCHANT SET TO RISE FROM ~10% TO ~20% VIA ACQUISITIONS KESKO IN DENMARK Tømmergaarden A/S • Kesko expanded its operations to Denmark by PART OF DAVIDSEN AS OF 1 JUNE 2025 acquiring the builders' merchant chain Davidsen in 2024, Kesko hol
Slide 23: Nearly 60% of sales come from outside Finland
BUILDING AND TECHNICAL TRADE NEARLY 60% OF SALES COME FROM OUTSIDE FINLAND Net sales in 2025, € million FINLAND 900 NORWAY 1 122 520 SWEDEN 503 POLAND AND THE 343 BALTIC COUNTRIES 134 Poland 378 Baltics 154 DENMARK 709 23
Slide 24: Profit improvement in 2025 came from countries outside Finland
BUILDING AND TECHNICAL TRADE PROFIT IMPROVEMENT IN 2025 CAME FROM COUNTRIES OUTSIDE FINLAND FINLAND SWEDEN NORWAY DENMARK POLAND AND THE BALTICS € million 20 21 22 23 24 25 20 21 22 23 24 25 20 21 22 23 24 25 24 25 20 21 22 23 24 25 Both K-Rauta and Closure of K-Rauta stores Significant profit Stron
Slide 25: Building and technical trade long-term EBIT-% target intact
BUILDING AND TECHNICAL TRADE BUILDING AND TECHNICAL TRADE LONG-TERM EBIT-% TARGET INTACT EBIT-% Target Kesko 6-8% 8 7.1% 6 Kesko 4 Kesko 3.8% 2 2.4% 0 Time 2018 2021, 2022 2025 25
Slide 26: Good result in car trade
CAR TRADE GOOD RESULT IN CAR TRADE 26
Slide 27: Car trade in brief
CAR TRADE CAR TRADE IN BRIEF K-Auto is the leading and most interesting automotive company in Finland Rolling 12 2025 2024 2023 mo 6/2026 Importing and sales of attractive and high-quality new cars. Net sales, € million 1,383 1,365 1,209 1,262 Significant multi-brand used car sales in Finland. Opera
Slide 28: Focusing on performing better than the market in all businesses
CAR TRADE CAR TRADE: FOCUSING ON PERFORMING BETTER THAN THE MARKET IN ALL BUSINESSES KEY ACTIONS: • CONTINUING WITH GROWTH STRATEGY: SOLID EBIT DEVELOPMENT Major turnaround and continuous development establish a robust foundation for the next strategy period. #1 IN BRAND AWARENESS AND PREFERENCE • M
Slide 29: Car trade
CAR TRADE CAR TRADE In brief: Market and market shares: Operates in Finland. The whole value chain - imports and sells Total first registrations of new cars incl. vans in Finland Volkswagen Group car brands, sells used cars, and offers car- approx. 83,500 in 2025, of which Kesko’s K-Auto accounted r
Slide 30: Kesko strengthens technical trade by acquiring the operations of Dahl
KESKO STRENGTHENS TECHNICAL TRADE BY ACQUIRING THE OPERATIONS OF DAHL IN SWEDEN, NORWAY AND DENMARK JORMA RAUHALA, PRESIDENT AND CEO JUNE 15, 2026
Slide 31: Kesko announces its biggest ever acquisition
KESKO ANNOUNCES ITS BIGGEST EVER ACQUISITION – STRENGTHENS POSITION IN TECHNICAL TRADE • Kesko has been seeking notable large acquisition targets especially in Nordic technical trade for years, interesting companies rarely available • Kesko has agreed to acquire the Dahl technical trade companies in
Slide 32: The Dahl acquisition in brief
THE DAHL ACQUISITION IN BRIEF • Primarily a strategic acquisition: Supports Kesko’s growth and strengthening of profitability, synergies not the main driver • Significant sales and earnings growth potential: Strengthening market and megatrends that support growth, benefits derived from higher volume
Slide 33: The acquisition marks the beginning of the next chapter in Kesko's growth story
THE ACQUISITION MARKS THE BEGINNING OF THE NEXT CHAPTER IN KESKO'S GROWTH STORY → KESKO SEEKS NET SALES OF SOME €20 BILLION IN THE EARLY 2030S THROUGH THE ACQUISITION AND GROWTH STRATEGY EXECUTION → BUILDING AND TECHNICAL TRADE WOULD BECOME KESKO’S BIGGEST DIVISION FOLLOWING THE ACQUISITION. NET SAL
Slide 34: Growth in technical trade supported by megatrends
GROWTH IN TECHNICAL TRADE SUPPORTED BY MEGATRENDS • RENOVATION BUILDING: STEADY GROWTH IN RENOVATION BUILDING AND IN RENEWING TECHNICAL INFRASTRUCTURE • URBANISATION: BUILDING NEW TECHNICAL INFRASTRUCTURE, DENSE URBAN DEVELOPMENT • GREEN TRANSITION: INCREASING EU REGULATION AND VOLATILE ENERGY MARKE
Slide 35: Dahl is an iconic, leading operator in technical trade
DAHL IS AN ICONIC, LEADING OPERATOR IN TECHNICAL TRADE • A company with over 160 years of history, very respected among technical trade B2B customers • A leading operator especially in HPAC products and NET SALES €614 MILLION infrastructure construction • Combined net sales of the businesses to be a
Slide 36: Dahl has a strong foothold in HPAC and infrastructure products
DAHL HAS A STRONG FOOTHOLD IN HPAC AND INFRASTRUCTURE PRODUCTS • Stable business: More than half of sales come from renovation building and one-third from infrastructure construction, NET SALES BREAKDOWN 100% B2B trade • Particularly strong in HPAC and infrastructure product sales: Over 50% of sales
Slide 37: What would the acquisition mean for building and technical trade division?
WHAT WOULD THE ACQUISITION MEAN FOR KESKO’S BUILDING AND TECHNICAL TRADE DIVISION? • A significantly stronger foothold and sales growth in technical trade in the Nordic countries • Raising technical trade’s share of the division’s net sales from 49% (in 2025) → ~ 65% • Raising B2B trade’s share of t
Slide 38: Expertise and integration experience from acquiring Onninen
KESKO GAINED STRONG EXPERTISE IN TECHNICAL TRADE AND EXPERIENCE IN MAJOR INTEGRATIONS BY ACQUIRING ONNINEN • ONNINEN HAS BEEN PART OF KESKO SINCE 2016, SUCCESSFUL INTEGRATION IN 7 COUNTRIES • OPERATES UNDER THE INDEPENDENT ONNINEN BRAND • STRONG EXPERTISE IN TECHNICAL TRADE • STRONG DEVELOPMENT OF D
Slide 39: Kesko to become a leading technical trade operator
KESKO TO BECOME A LEADING TECHNICAL TRADE OPERATOR Kesko’s illustrative net sales combined with Kesko’s technical trade illustrative net sales Kesko’s net sales (2025): €12.5 billion DAHL Sweden, Norway and Denmark (2025): combined with DAHL Sweden, Norway and € 14.5 billion Denmark (2025): € 4.4 bi
Slide 40: Key take aways
KEY TAKE AWAYS • KESKO HAS BEEN SEEKING NOTABLE LARGE ACQUISITION TARGETS ESPECIALLY IN NORDIC TECHNICAL TRADE FOR YEARS, INTERESTING COMPANIES RARELY AVAILABLE • DAHL IS A LEADING TECHNICAL TRADE COMPANY IN THE NORDICS, WITH A LONG HISTORY, A STRONG AND WELL-RESPECTED BRAND, A COMPREHENSIVE AND EFF
Slide 41: Kesko's profit improved significantly – technical trade as the driver
Kesko half-year financial report 2026 Kesko's profit improved significantly – technical trade as the driver Jorma Rauhala, President and CEO 22 July 2026
Slide 42: Summary of Q2/2026
SUMMARY OF Q2/2026 • Kesko’s comparable operating profit improved, net sales grew in all divisions Q2/2026 Q2/2025 • Grocery trade: K Group stores gained market share and profitability was Net sales, € million 3,379.1 3,188.8 good despite investments, operating profit slightly down due to weaker pro
Slide 43: Net sales
NET SALES €+190 million € million € million rolling 12 months 43
Slide 44: Operating profit
OPERATING PROFIT €+17.3 million € million € million rolling 12 months Operating Operating margin 3.4% 5.5% 6.4% 5.4% 3.4% 5.7% margin 5.3% 5.3% 44 Comparable figures
Slide 45: Return on capital employed
RETURN ON CAPITAL EMPLOYED % rolling 12 months 45 Comparable figures
Slide 46: Financial position
FINANCIAL POSITION Good cash flow from operating activities Q2/2026 Q2/2025 Cash flow from operating activities, € million 362.1 323.9 Liquid assets, € million 376.3 190.5 Capital expenditure, € million 127.4 317.6 Interest-bearing net debt excl. lease liabilities, € million 1,400.3 1,346.6 Interest
Slide 47: Capital expenditure
CAPITAL EXPENDITURE Key CAPEX: investments in store sites Q2/2026 Q2/2025 Store sites, € million 64.4 92.3 Acquisitions, € million - 151.4 IT, € million 5.2 6.5 Other investments, € million 57.8 67.3 Total, € million 127.4 317.6 47
Slide 48: Expenses
EXPENSES Expenses have increased mainly due to acquisitions, cost ratio improved Q2/2026 Q2/2025 Fixed costs, € million 570.9 545.3 - Employee benefit expenses, € million 252.3 233.1 - Other expenses, € million 170.1 172.2 - Depreciation, € million 148.5 139.9 Cost ratio, % 16.9 17.1 48 Figures excl
Slide 49: Market share continued to grow, profit at a good level
Grocery trade Q2 Market share continued to grow, profit at a good level 49
Slide 50: Grocery trade net sales
GROCERY TRADE NET SALES €+15 million € million € million rolling 12 months 50
Slide 51: Grocery trade operating profit
GROCERY TRADE OPERATING PROFIT €-0.7 million € million € million rolling 12 months Operating Operating margin 4.9% 6.9% 7.1% 6.8% 5.0% 6.8% margin 6.5% 6.5% 51 Comparable figures
Slide 52: Grocery trade highlights in Q2
GROCERY TRADE HIGHLIGHTS IN Q2 • Division net sales increased and comparable operating profit decreased slightly due to weaker profit in Kespro. Easter wholesale mainly took place in March, as opposed to April the year before • The total grocery market grew by approximately 2.0% • K Group grocery sa
Slide 53: Market share in grocery trade continued to grow in H1
MARKET SHARE IN GROCERY TRADE CONTINUED TO GROW IN H1 CHANGE IN THE MARKET SHARE • Market share for K Group grocery stores took an upturn in Q4/2025, and growth has FOR K GROUP GROCERY STORES continued strong in 2026 (percentage points) • All our chains gained market share in their respective size s
Slide 54: Sales grew and profit improved driven by B2B
Building and technical trade Q2 Sales grew and profit improved driven by B2B 54
Slide 55: Building and technical trade net sales
BUILDING AND TECHNICAL TRADE NET SALES €+176 million € million € million rolling 12 months 55
Slide 56: Building and technical trade operating profit
BUILDING AND TECHNICAL TRADE OPERATING PROFIT €+20.3 million € million € million rolling 12 months Operating Operating 1.1% 4.1% 5.8% 3.7% 1.3% 5.0% margin 3.8% 4.1% margin 56 Comparable figures
Slide 57: Building and technical trade highlights in Q2
BUILDING AND TECHNICAL TRADE HIGHLIGHTS IN Q2 • Division net sales increased in all businesses and operating countries, and were the highest ever Q2/2026 Q2/2025 recorded in Q2; profit improved, driven in particular by strong growth in technical trade Net sales, € million 1,413.2 1,236.8 • Market de
Slide 58: Sales of K-Rauta Finland and Onninen Finland
SALES OF K-RAUTA FINLAND AND ONNINEN FINLAND Retail and B2B sales development, % Onninen Q2 sales: +16.1% K-Rauta Q2 sales: +2.8% Competitors Q2, total: +0.6% Competitors Q2, total: +2.3% 58 Sources: Talteka and STK Source: RaSi
Slide 59: Onninen has an excellent foundation for improving net sales and profit
ONNINEN HAS AN EXCELLENT FOUNDATION FOR IMPROVING NET SALES AND PROFIT ONCE THE MARKET NORMALISES ONNINEN’S PROFIT AND NET SALES Comparable Net sales, operating profit, € million € million • Megatrends support growth in technical trade: renovation building, urbanisation, the green transition and gro
Slide 60: Kesko to acquire Dahl's operations in Sweden, Norway and Denmark
KESKO ANNOUNCED ON 15 JUNE 2026 IT WILL ACQUIRE DAHL’S OPERATIONS IN SWEDEN, NORWAY AND DENMARK TO STRENGTHEN ITS TECHNICAL TRADE • Kesko has agreed to acquire the technical trade operator Dahl’s companies in Sweden, Norway and Denmark from Saint-Gobain • The combined net sales of the businesses to
Slide 61: Sales increased, driven by used cars
Car trade Q2 Sales increased, driven by used cars 61
Slide 62: Car trade net sales
CAR TRADE NET SALES €+1 million € million € million rolling 12 months 62
Slide 63: Car trade operating profit
CAR TRADE OPERATING PROFIT €-3.2 million € million € million rolling 12 months Operating Operating margin 5.7% 6.1% 6.4% 6.0% 4.9% 5.2% margin 6.1% 5.6% 63 Comparable figures
Slide 64: Car trade highlights in Q2
CAR TRADE HIGHLIGHTS IN Q2 K-AUTO, NET SALES • Division net sales increased and comparable operating profit decreased, due to a higher share of used car sales, where sales margins are lower than in new car sales • Market demand for new cars still subdued, Q2 first registrations of passenger cars and
Slide 65: Profit guidance and outlook
PROFIT GUIDANCE AND OUTLOOK 65
Slide 66: Profit guidance for 2026 (specified)
PROFIT GUIDANCE FOR 2026 (SPECIFIED) Kesko Group’s profit guidance is given for the year 2026, in comparison with the year 2025. Kesko’s operating environment is estimated to improve in 2026, but to still remain somewhat challenging. Kesko’s comparable operating profit is estimated to improve in 202
Slide 67: Outlook for 2026
OUTLOOK FOR 2026 The operating environment for Kesko is estimated to improve in 2026 in all divisions and all operating countries. Kesko’s net sales and comparable operating profit are also estimated to improve in 2026 in all divisions and all operating countries. In grocery trade, B2C trade is esti
Slide 68: In conclusion
In conclusion 68 68
Slide 69: Kesko's net sales grew and profit improved
# Kesko’s net sales grew and profit improved, performance in technical trade particularly strong # Grocery trade continued to gain market share, profitability good despite investments # Building and technical trade profit grew markedly, driven by technical trade, good development seen also in buildi
Slide 70: Other strategic themes
OTHER STRATEGIC THEMES 70
Slide 71: Kesko's financial targets
KESKO’S FINANCIAL TARGETS TARGET Rolling 12 mo 3/2026 OPERATING MARGIN, OVER 6% 5.2% COMPARABLE RETURN ON CAPITAL OVER 14.5% 10.2% EMPLOYED, COMPARABLE, % INTEREST-BEARING NET DEBT/EBITDA, AT MAXIMUM 2.5 1.9 EXCLUDING IFRS 16 IMPACT 71
Slide 72: Operating environment and megatrends affecting Kesko
OPERATING ENVIRONMENT AND MEGATRENDS AFFECTING KESKO GLOBAL BUSINESS & CONSUMER URBANISATION & ONE UNIFIED POLITICAL GROCE RY&TRAD ECONOMICAL E CONFIDENCE DEMOGRAPHIC CHANGES UNCERTAINTY BUILD IN G AN D TE CHNICAL TRAD E FOCUS : CAR TRAD E INDIVIDUALITY & CLIMATE CHANGE & DIGITALISATION & AI EFFORTL
Slide 73: Sustainability is integrated into our business
SUSTAINABILITY IS INTEGRATED INTO OUR BUSINESS SUSTAINABILITY STRATEGY VISION EXECUTION BY THE BUSINESS DIVISIONS We enable sustainable choices for our customers and Grocery trade drive change throughout the value chain Building and technical trade Car trade FOCUS AREAS Climate and nature PROGRESS M
Slide 74: Focus areas and key actions
FOCUS AREAS AND KEY ACTIONS WE ENABLE SUSTAINABLE CHOICES FOR OUR CUSTOMERS AND DRIVE CHANGE THROUGHOUT THE VALUE CHAIN CLIMATE AND NATURE VALUE CHAIN OUR PEOPLE GOOD GOVERNANCE Reduce emissions in the value chain Ensure sustainability in the value Increase the safety and wellbeing of Commit to the
Slide 75: Kesko listed in sustainability indices
KESKO LISTED IN SUSTAINABILITY INDICES Sustainability indices are key tools for investors to assess the ESG level of Dow Jones Best-in-Class corporations. Indices (World and Europe) v Kesko is the only company in the world to have been on the Global 100 list every year since it was launched in 2005.
Slide 76: Sustainability actions with measurable impact
SUSTAINABILITY ACTIONS WITH MEASURABLE IMPACT Selected initiatives across Kesko’s business divisions CIRCULARITY · GROCERY TRADE BIODIVERSITY · BUILDING & CLIMATE · CAR TRADE TECHNICAL TRADE 1M kg 60+ hectares 370+ less food waste in 2025 by using restored as ecological compensation for K-Lataus EV
Slide 77: Forerunner in trading sector digitalisation
FORERUNNER IN TRADING SECTOR DIGITALISATION Using digitalisation to improve customer experience and make operations more efficient Online and digital sales Data and analytics at the core Digitalisation of stores and Digitalisation increases growing forcefully of business operations processes proceed
Slide 78: Sales via digital channels over 2.3 billion euros
SALES VIA DIGITAL CHANNELS OVER 2.3 BILLION EUROS 5% 1% 3% 13 % 39 % 39 % K-ruoka.fi (grocery online) Kespro (foodservice) Onninen technical trade Building and home improvement trade 78 Q2/ 2025, 0% VAT
Slide 79: Dividend
DIVIDEND Dividend for 2025: €0.90/share, paid in four instalments. Kesko's dividend policy: In the long-term, Kesko aims to distribute a steadily growing dividend of some 60-100% of its comparable earnings per share, taking into account the company’s financial position and strategy. 100% 96% 96% 85%
Slide 80: Number of shareholders has grown
NUMBER OF SHAREHOLDERS HAS GROWN ~125,000 REGISTERED SHAREHOLDERS BALANCED OWNERSHIP STRUCTURE 125 000 115 000 26,6 % 105 000 32,8 % 95 000 85 000 7,8 % 75 000 65 000 55 000 32,7 % 45 000 35 000 Nominee-registered, foreign ownership 01/19 09 09 09 09 09 09 09 05 05 05 05 05 05 05 05 01/20 01/21 01/2
Slide 81: Management and IR contact
MANAGEMENT AND IR CONTACT 81
Slide 82: Kesko Group management board
KESKO GROUP MANAGEMENT BOARD President and CEO Jorma Rauhala EVP, Chief Financial Officer EVP, Human Resources Anu Hämäläinen Minttu Sinisalo EVP, Brand and Communications EVP, Legal and Sustainability Karoliina Partanen Lasse Luukkainen Grocery trade Building and technical trade Car trade President
Slide 83: IR contact
IR CONTACT Hanna Jaakkola Vice President, Investor Relations tel.+358 40 5666 070 hanna.jaakkola@kesko.fi 83
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