Slide 1: Half-Year Results 2025
Half-Year Results 2025 Media Conference 6 August 2025 Annual Media Conference 2024 | 5 March 2024 | ©2024 ASCOM
Slide 2: Welcome
Welcome
Slide 3: Agenda
Agenda 1. First Half-Year 2025 at a Glance Nicolas Vanden Abeele, CEO 2. Financial Update Kalina Scott, CFO 3. Strategy & Business Update Nicolas Vanden Abeele, CEO 4. Guidance Nicolas Vanden Abeele, CEO 5. Questions & Answers Half-Year Media Conference 2025 | 6 August 2025 | ©2025 ASCOM 3
Slide 4: First Half-Year 2025 at a Glance
First Half-Year 2025 at a Glance Nicolas Vanden Abeele, CEO
Slide 5: First Half-Year 2025 at a Glance
First Half-Year 2025 at a Glance Improved financial performance despite H1 market volatility Streamlined regional setup: Region North (Netherlands, UK & Ireland, Sweden, Norway, Denmark, Finland), Region South (DACH, France & Iberia, Italy, Belgium, CEE, Australia & New Zealand, Asia, MEA, OEM) and
Slide 6: H1/2025 Development
H1/2025 Development Net Revenue Incoming Orders EBITDA Net Cash Position(1) In actual currencies (CHFm) In actual currencies (CHFm) In actual currencies (CHFm) In actual currencies (CHFm) -5.7% -1.5% +10.8% +15.2% +78.8% 142.1 140.0 12.1 29.5 166.1 156.6 10.5 141.3 16.5 H1 2024 H1 2025 H1 2024 H2 20
Slide 7: Financial Update
Financial Update Kalina Scott, CFO
Slide 8: Key Figures H1/2025 (at actual currencies, CHFm)
Key Figures H1/2025 (at actual currencies, CHFm) H1/2025 Financial Performance shows improved profitability despite lower Net Revenue Incoming Orders Order Backlog (1) Net Revenue -5.7% -0.6% -1.5% 166.1 156.6 311.5 309.6 142.1 140.0 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 EBITDA Net Working
Slide 9: Incoming Orders declined in H1/2025 (-4.2% at constant currencies)
Incoming Orders declined in H1/2025 (-4.2% at constant currencies) Growth in region North was offset by order decline in region South and USA & Canada • Incoming Orders declined year over year: -4.2% at constant -6% -6% currencies • Incoming Orders(-5.7% in CHF) -0.3% at 166.1 166.1 156.6 156.6 cons
Slide 10: Order Backlog growth of 4% (at constant currencies)
Order Backlog growth of 4% (at constant currencies) Around 62% converting to revenue beyond 2025 +3% CAGR +7% -1% +4% 311.5 309.6 289.8 279.6 -1% in CHF 148.7 147.8 (+4% at CC) 115.1 134.3 -1% in CHF 164.5 162.8 161.8 (+3% at CC) 155.5 30 June 2022 30 June 2023 30 June 2024 30 June 2025 Maintenance
Slide 11: Revenue up 0.2% vs H1/2024 (at constant currencies)
Revenue up 0.2% vs H1/2024 (at constant currencies) Revenue impacted by currency effects Total variance: CHF -2.1m (-1.5%) 142.4 142.1 0.3 -2.4 140.0 Revenue H1 2024 Higher Revenue Revenue at Currency Effect Revenue H1 2025 Constant Currencies +0.2% -1.7% Note: All values as reported = actual curren
Slide 12: Net Revenue flat at constant currencies
Net Revenue flat at constant currencies Growth in region South undercut by decline in region North and the USA & Canada • Region North was below prior year, mainly in UK & -1% -1% • Ireland Incoming and-0.3% Orders the Netherlands at 142.1 140.0 142.1 140.0 constant currencies (-3% in CHF) • Region
Slide 13: June 2025 Income Statement
June 2025 Income Statement Improved Gross Margin and EBITDA vs H1/2024 H1 2025 % H1 2024 % Variance Variance Comments %-cc %-CHF • Marketing & Sales improvement vs prior year due to team Net Revenue 140.0 100.0% 142.1 100.0% 0.2% -1.5% reorganization and cost management initiatives Cost of Sales -72
Slide 14: Cash Development
Cash Development Robust operating cash flow used for investments and returning cash to shareholders -5.5 • Robust operating cash flow of CHF 21.2 0.0 million thanks to higher operating -3.6 29.5 profitability and tight working capital 21.2 -0.9 -0.3 management (reduction of receivables) • Dividend p
Slide 15: Balance Sheet
Balance Sheet Solid Balance Sheet with strong Net Cash position 2025 2024 2024 2023 30-Jun 31-Dec 30-Jun 31-Dec • Strong Net Cash position of CHF 29.5 million Cash & Cash Equivalents 29.5 18.6 21.5 24.7 • Net Working Capital at its lowest level thanks to tight management of receivables Borrowings -
Slide 16: Capital Allocation – Share Buyback
Capital Allocation – Share Buyback Share Buyback • Announced on March 12, 2025 • Launch in May 2025 on a second trading line on the SIX Swiss Exchange • Up to 3.0 million shares & maximum buyback amount of CHF 15.0 million Status as per July 31, 2025 Number of shares bought back Average price paid p
Slide 17: Strategy & Business Update
Strategy & Business Update Nicolas Vanden Abeele, CEO
Slide 18: Ascom's Strategy is to become the Key Enabling Platform across Healthcare & Enterprise
Ascom’s Strategy is to become the Key Enabling Platform across Healthcare & Enterprise Acute & Long-term Care ~70% of net revenue Enterprise ~30% of net revenue Ascom solutions Ascom solutions Nurse Call Ofelia Acute Care Digistat Enterprise Mobility Long-term Care Unite/Ofelia 1.7bnCHF 0.8bnCHF 1.6
Slide 19: Key market trends and how Ascom comes into play
Key market trends and how Ascom comes into play How Ascom captures growth Acute Care • Staff shortage drives further workflow automation & digitalization • Medical device integration & interop becomes key → Real-time communication & • Consolidation in North American & European hospitals collaboratio
Slide 20: Ascom Solutions
Ascom Solutions Complete end-to-end workflow and communications support Acute & Long-term Care Alarm Medical Clinical OR Smart Nurse Rapid response Workplace and management Device Surveillance Solution Call System management staff safety Integration Across all care pathways Emergency General Ward Op
Slide 21: Market needs & growth trends remain solid, despite market volatility
Market needs & growth trends remain solid, despite market volatility H1/2025 experienced increased market volatility leading to: Investment delays of transient nature • Healthy pipeline in USA & Canada • Certain delays in investment decisions and project • New healthcare bill approved in Germany tim
Slide 22: Selected Customer Win Proof Points in H1/2025
Selected Customer Win Proof Points in H1/2025 Kantonsspital Baden Wertachkliniken Partnership with AvaSure ISG Nordic Kokkola Hospital Switzerland Germany United States Sweden Finland Ascom Nurse Call with advanced alarm Medical Device Integration & Interoperability partnership with Advanced Staff S
Slide 23: Strategy Execution – Portfolio strategy well on track
Strategy Execution – Portfolio strategy well on track Simplified cloud-enabled platform to drive scalable growth & increased customer value in H2/2025 & 2026 Platform strategy well on track Portfolio simplification & integration • New state-of-the-art platform leveraging cloud-native technologies •
Slide 24: Strategy Execution – Preparing for cloud scale-up in second half
Strategy Execution – Preparing for cloud scale-up in second half Simplified cloud-enabled platform to drive scalable growth & increased customer value in H2/2025 & 2026 H2/2025: Scale-up of cloud-based solutions in Long-term Care & Enterprise market Ascom Cloud Services Covered solutions First cloud
Slide 25: Ascom Acute Care platform innovation
Ascom Acute Care platform innovation Fighting alarm fatigue while improving patient conditions The Issue • Ca. 50-60% of alarms and alerts from medtech equipment are non-actionable • Noise negatively impacts patient recovery and the shear volume leads to alarm fatigue in care staff Ascom Acute Care
Slide 26: Strategy Execution – New organizational model implemented
Strategy Execution – New organizational model implemented Cost efficiency measures implemented in H2/2024 & H1/2025 Operational Excellence Implemented new organization in H1/2025 • Streamlining country structure in 3 major regions (Regions North, South, USA & Canada) • Stronger focus on sales & mark
Slide 27: Becoming the Key Enabling Platform in Healthcare & Enterprise
Becoming the Key Enabling Platform in Healthcare & Enterprise Committed to delivering growth & EBITDA accretion Ascom delivers compelling solutions across healthcare & enterprise. Focused on further Despite H1 market volatility, growth and EBTIDA our markets present healthy accretion. growth trends.
Slide 28: Guidance
Guidance Nicolas Vanden Abeele, CEO
Slide 29: Guidance 2025
Guidance 2025 Ascom targets profitable growth for 2025 Ascom is confident to continue to develop the company successfully, benefiting also from the investments of the last years, and is committed to delivering sustainable revenue growth. Guidance 2025*: For the fiscal year 2025, Ascom targets • a lo
Slide 30: Questions & Answers
Questions & Answers ascom
Slide 31: Legal Disclaimer
Legal Disclaimer This document contains specific forward-looking statements, e.g. statements including terms like “believe”, “expect” or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties, and other factors which may result in a substantial div