Slide 1: Mips presentation KOROYD Acquisition
2025 Mips presentation KOROYD Acquisition 2025-12-12
Slide 2: Mips x KOROYD: Protecting life in motion
Mins Safety for helmets x K(C)ROYD Protecting life in motion
Slide 3: Mips AB acquisition of KOROYD - Summary
Mips AB acquisition of KOROYD - Summary • Mips strategy is built on three pillars and the KOROYD acquisition strengthens 2 out of 3 • Grow our existing business of rotational protection solutions in helmets for Sports, Moto and Safety categories • Capture new opportunities within helmet safety • Ope
Slide 4: KOROYD Introduction – History
KOROYD Introduction – History 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 • 2010 – KOROYD founded by John Lloyd • 2019 – Award winning Enduro MTB helmet with Mips and KOROYD (Endura) • 2011 – Multiple brand partnerships established • 2021 – First Child Car Seat wi
Slide 5: KOROYD Introduction – Technology
KOROYD Introduction – Technology December 12, 2025 5
Slide 6: KOROYD Introduction – Product Portfolio
KOROYD Introduction – Product Portfolio KOROYD KOROYD BODY PROTECTION KOROYD+ The original, energy-absorbing Body armor with patented Combining the KOROYD tubular technology, built from thermally structure and custom TPE technology with a flexible welded, extruded tubes that formulation. Appreciated
Slide 7: KOROYD Introduction - Business Structure
KOROYD Introduction - Business Structure • KOROYD operates with an Ingredient Brand model in close partnership with leading product brands • Large share of staff work in R&D and Product Development (11 of 25 employees) out of state-of-the-art facilities in Monaco • Strong innovative product portfoli
Slide 8: The Transaction: Financial Summary Transaction
THE TRANSACTION Financial Summary Transaction
Slide 9: KOROYD Transaction – Financials
KOROYD Transaction – Financials • The purchase price amounts to EUR 40 million on a cash and debt-free basis corresponding to a multiple of 8x Adjusted EBITDA 2025 • In addition the sellers have the possibility of an additional earn-out of up to EUR 25 million, corresponding to a total multiple of 1
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Slide 11: Two Innovation Driven Companies
Two Innovation Driven Companies +60 MIPS Employees in Internationally validated Unique capabilities in Product by 3rd party testing and advanced simulation Development numerous Product Brands and validation test lab and R&D +11 K O RO YD Employees in Internationally validated Unique capabilities in
Slide 12: Mips and KOROYD trusted by world-leading product brands with strong overlap
Mips and KOROYD trusted by world-leading product brands with strong overlap > 150 Brands December 12, 2025 12
Slide 13: Mips acquisition of KOROYD - Summary
Mips acquisition of KOROYD - Summary • Mips strategy is built on three pillars and the KOROYD acquisition strengthens 2 out of 3 • Grow our existing business of rotational protection solutions in helmets for Sports, Moto and Safety categories • Capture new opportunities within helmet safety • Open u
Slide 14: Mips x KOROYD: Protecting life in motion
Mins Safety for helmets x K(C)ROYD Protecting life in motion
Slide 15: Disclaimer
Disclaimer IMPORTANT MESSAGE FROM MIPS AB This presentation has been prepared by Mips AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentati