Savox Communications Plc · OMXHEX:SAVOX
Savox Communications — H1 2026 Earnings Presentation
23 slides from Savox Communications's earnings presentation, Aug 18, 2026
Slide 1: Savox H1 2026 Presentation
SAVOX H1 2026 PRESENTATION Strong order growth 1 18-AUG-26
Slide 2: Speakers and Agenda
SAVOX H1 2026 HALF-YEAR PRESENTATION SPEAKERS AND AGENDA 1. Savox in brief Jerry Kettunen 2. Key takeaways Chief Executive Officer 3. Financial update 4. Outlook 5. Summary 6. Questions & Answers Juha Järvi Chief Financial Officer 2 18/08/2026
Slide 3: Savox Communications Overview
SAVOX COMMUNICATIONS OVERVIEW Headquarters Established in Over 1982 56M€ 300 in Finland Revenue 2025 Employees across 2021–2025 CAGR +15% the globe Multiple manufacturing sites Products Systems Services with global geographical reach 4 Business Segments DEFENCE LAW ENFORCEMENT FIRE & RESCUE INDUSTRY
Slide 4: Products, Systems and Services
PRODUCTS, SYSTEMS AND SERVICES Defence sector Safety and security sector Industrial sector Dismounted soldiers: active Fire and rescue services: hearing Industry: mechanical engineering hearing protection with protectors, communication devices and services, manufacture of equipment communication cap
Slide 5: Global Reach
SAVOX COMMUNICATIONS Savox’s key geographic hubs GLOBAL REACH Finland — headquarters & European hub USA — Americas hub Singapore — Asia-Pacific hub Finland USA Singapore 300 Customers in 61 countries 5 18-AUG-26
Slide 6: Savox's IPO
SAVOX’S IPO EUR 30 MILLION ANCHOR INVESTORS SHARE ISSUE • Danske Invest Finnish Equity Fund • DNB Asset Management IPO MULTIPLE TIMES OVERSUBSCRIBED • Elo Mutual Pension Insurance Company TRADING STARTED • Protean Funds Scandinavia 23 JUNE 2026 • Tesi (Finnish Industry Investment Ltd) EXPENSES EUR 3
Slide 7: H1 2026 Half-Year Presentation
2026 HALF-YEAR “Commercial momentum is PRESENTATION strong. H1 profitability and Strong order growth, strengthened cash flow reflect seasonality, financial position and continued progress in strategy execution IPO-related items and working capital preparation. The key for H2 is execution.”
Slide 8: Four Key Takeaways
SAVOX FOUR KEY TAKEAWAYS H1 performance Guidance Strategy execution 2026 profile Building Unchanged Major steps H2 weighted momentum Revenue EUR 65–75m IPO completed and financial Revenue and EBIT remain Strong demand and margin 14–18% position strengthened weighted toward H2 growth confirmed 8 18-A
Slide 9: Orders Received Strengthen Visibility
COMMERCIAL MOMENTUM ORDERS RECEIVED STRENGTHEN VISIBILITY Q2 orders received H1 orders received Order book, excl. options Order book, incl. options EUR 13.4m EUR 37.1m EUR 36.2m EUR 61.5m +44% year-on-year +47% year-on-year At end of June Supports visibility Demand accelerated Options expand medium-
Slide 10: Our Business Is Strongly H2 Weighted
GUIDANCE OUR BUSINESS IS STRONGLY H2 WEIGHTED Q2 revenue Our business is seasonal and program-driven, with deliveries and EUR 12.4m profitability typically more weighted toward the second half. The +15% year-on-year order book and customer activity support the outlook, while execution remains the ma
Slide 11: Our Profitability Is Strongly H2 Weighted
H1 REFLECTS SEASONALITY AND IPO-RELATED EXPENSES OUR PROFITABILITY IS STRONGLY H2 WEIGHTED Q2 comparable EBIT H1 comparable EBIT H1 gross margin LTM comp EBIT margin EUR 0.0m EUR -0.7m 40% 14% 0% of revenue Improved from EUR -1.3m Improved from 38% Healthy LTM level Excl. EUR 0.8m IPO expenses H1 co
Slide 12: H1 Financials
SAVOX H1 FINANCIALS 12. 18-AUG-26
Slide 13: Strong Momentum in Orders Received
SAVOX STRONG MOMENTUM IN Growth YoY% Q2 H1 ORDERS RECEIVED Defence Safety & Security 248 % 6% 117 % -1 % Industry -26 % 5% Orders received Q2 orders received (EUR million) (EUR million) Defence options Safety&Security +92% +44% Defence Industry 58 0,7 0,3 13,4 52 53 5 51 % 21 4,5 21 20 9,3 30 +47 %
Slide 14: Order Book Development
SAVOX ORDER BOOK DEVELOPMENT Quarterly development of order book Order book by business area (EUR million) Q1/2021–Q1/2026 (EUR million)1, 2, 3 +54% 61 62 62 61.5M€ Incl Options 25 Q2/26 42 40 38 39 40 31 32 31 30 5 27 30 25 27 21 22 36.2M€ 19 19 20 18 17 5 16 26 28 24 Order Book 9 15 7 Q2/26 5 5 6
Slide 15: Revenue Development
SAVOX Growth YoY% Q2 H1 REVENUE Defence 21 % 12 % Safety & Security 13 % 3% DEVELOPMENT Industry Quarterly revenue growth (EUR million) 5% 32 % +15% 0,1 12,4 Revenue development 2021–2025 (EUR million)1 0,6 10,8 0,9 Defence Safety&Security +15% p.a. +7% Industry 56,1 52,5 48,2 4-6/25 Defence S&S Ind
Slide 16: Geographical Development
SAVOX GEOGRAPHICAL DEVELOPMENT 1H26 growth from Europe Revenue by region Revenue split by region (EUR million) In H1/26 (H1/25) • Defence project specific 56 timings drive the volatility. 52 3% 8% • Defence grew strongly in Europe 4% APAC Europe and declined in APAC. 8% 33 North-America 14% • Safety
Slide 17: Gross Profit and Expenses
SAVOX Long-term drivers of profitability remain intact GROSS PROFIT • Favorable product mix trend AND EXPENSES • Production economics of scale • Operating leverage & controllable opex 1H seasonally lower volume and weaker mix Gross Profit (EUR million) Comparable OPEX (EUR million) and Gross Margin
Slide 18: Comparable EBIT and Profitability
SAVOX COMPARABLE EBIT AND PROFITABILITY → Revenue and gross profit weighted into H2 Adjusted operating profit (Adjusted EBIT) LTM: - → Operating leverage remains (EUR million) and a share of revenue (%) 14,1 % Items affecting comparability: 0.9M€ (0.3M€), 14 % -6 % -3 % of which 0.8M€ IPO expenses 1
Slide 19: Cash Flow and Investments
SAVOX Cash flow reflects: CASH FLOW AND • Seasonality of profits INVESTMENTS • Working capital investment for H2 • Financial costs set to decrease with related party loans and interest paid back in Q2 Cash flow from operating activities (EUR millions) Investments (EUR millions) 0.1 -1.5 -4.3 -4.9 20
Slide 20: Strengthened Financial Position
SAVOX STRENGTHENED FINANCIAL POSITION Net Debt (EUR millions) IFRS 16 (including leases) 38,5 36,6 30,3 14.1 45% 16.4 Net Debt M€ Equity Ratio Cash M€ Q2/26 Q2/26 Q2/26 14,1 13.7 1.23 1.27 Adj Net Debt to Net Debt to Adj Net Debt M€ LTM comparable LTM comparable 2024 2025 6/25 6/26 Q2/26 EBITDA EBIT
Slide 21: Outlook: Guidance Unchanged EUR 65-75m
OUTLOOK GUIDANCE UNCHANGED Revenue guidance → Convert order book and increased customer EUR 65-75m activity into revenue. Unchanged → Proven scalability. → Maintain operational discipline and working Comparable EBIT margin capital control. 14-18% Unchanged 21 18-AUG-26
Slide 22: Q&A
Q&A 22 18-AUG-26
Slide 23: IR Contacts
IR contacts Chief Financial Officer Chief Marketing Officer Juha Järvi Mikael Simelius investors@savox.com