Kongsberg Automotive Asa · OSL:KOA
Kongsberg Automotive Asa — Investor Day (December 2025)
54 slides from Kongsberg Automotive Asa's investor day presentation, Dec 16, 2025
Slide 1: Capital Markets Day
CAPITAL MARKETS DAY DECEMBER 16, 2025 © KONGSBERG AUTOMOTIVE. ALL RIGHTS RESERVED.
Slide 2: Forward-Looking Statements and Non-IFRS Measures
2 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 re
Slide 3: Agenda and Presenters
3 AGENDA AND PRESENTERS > This is KA and our Strategic Goals > Business and strategy - how we will achieve our goals > Financials TROND FISKUM ERIK MAGELSSEN THOMAS DANBOLT PRESIDENT & CEO CHIEF FINANCIAL OFFICER EVP FLOW CONTROL SYSTEMS > In depth product session > Actuators > Couplings > Steer- by
Slide 4: Capital Markets Day
4 CAPITAL MARKETS DAY DECEMBER 16, 2025 © KONGSBERG AUTOMOTIVE. ALL RIGHTS RESERVED.
Slide 5: Building on a Remarkable Legacy
5 BUILDING ON A REMARKABLE LEGACY The story of Kongsberg Automotive is about ordinary people who dared to think differently, take bold yet calculated risks, innovate, and work together to create an extraordinary company.
Slide 6: This is Kongsberg Automotive
6 THIS IS KONGSBERG AUTOMOTIVE
Slide 7: We Are a Global Automotive Supplier Serving All Key Vehicle Segments
7 WHO WE ARE WE ARE A GLOBAL AUTOMOTIVE SUPPLIER SERVING ALL KEY VEHICLE SEGMENTS AGRICULTURE CONSTRUCTION COMMERCIAL VEHICLES PASSENGER CARS EQUIPMENT
Slide 8: At a Glance – About Kongsberg Automotive
8 AT A GLANCE – ABOUT KONGSBERG AUTOMOTIVE 730M€ FOUNDED IN NORWAY SWEDEN LTM Q3 2025 1987 WITH ORIGINS DATING BACK TO 1957 UK POLAND CANADA SLOVAKIA 4399 USA FRANCE CHINA MEXICO SPAIN SOUTH KOREA > HEADQUARTERED IN GERMANY* INDIA KONGSBERG, NORWAY BRAZIL > LISTED ON THE OSLO GLOBAL WORKFORCE STOCK
Slide 9: Our Product Range - Commercial Vehicles
9 OUR PRODUCT RANGE - COMMERCIAL VEHICLES Fluid FLUID Transfer TRANSFERSystems SYSTEM POWERTRAIN FLUID ASSEMBLIES Actuation ACTUATION GEAR SHIFTERS AIR SUSPENSION LINES CLUTCH ACTUATORS Couplings COUPLINGS GEAR CONTROL UNITS THERMAL MANAGEMENT Vehicle VEHICLE Dynamics DYNAMICS AIR BRAKE SYSTEMS WHEE
Slide 10: Our Product Range - Passenger Cars
10 OUR PRODUCT RANGE - Steering STEERING Fluid Transfer System PASSENGER CARS STEER-BY-WIRE Driveline DRIVELINE POWERTRAIN FLUID ASSEMBLIES (FUEL, OIL, VAPOR) ELECTRIC ACTUATORS BREATHER LINES HYDRAULIC BRAKE HOSE GEAR SHIFTERS AIR SUSPENSION LINES THERMAL MANAGEMENT HEAD RESTRAINT SYSTEMS MECHANISM
Slide 11: Our Product Range - Off-Highway Vehicles
11 OUR PRODUCT RANGE - OFF-HIGHWAY VEHICLES Fluid TRANSFER FLUID Transfer System SYSTEM Controls CONTROLS THERMAL MANAGEMENT SYSTEMS STEERING COLUMNS COOLANT LINES PEDALS AND THROTTLE CONTROLS ELECTRIC POWERTRAIN FLUID ACTUATORS ASSEMBLIES Couplings COUPLINGS AIR BRAKE SYSTEMS
Slide 12: Our Markets per Geography
COMPANY OVERVIEW 12 OUR MARKETS PER GEOGRAPHY % OF KA REVENUES PER REGION Based on YTD Q3 2025 Europe Asia-Pacific KA’s core market is in Europe and North America, 11% 49% representing 85% of total revenues By customer segment, North America commercial vehicles represents 56% of revenues 36% and pas
Slide 13: Our Customers by Segments
13 OUR CUSTOMERS BY SEGMENTS COMMERCIAL VEHICLES OFF-HIGHWAY & OTHERS 12% 31% 56% PASSENGER CARSARS
Slide 14: Our History and Legacy
14 OUR HISTORY AND LEGACY
Slide 15: KA Has a Rich History and Has Been a Listed Company for +20 Years
15 KA HAS A RICH HISTORY AND HAS BEEN A LISTED COMPANY FOR +20 YEAR S FROM A SMALL DIVISION IN THE 1950S TO A GLOBAL LEADER IN THE AUT OMOTIVE INDUSTRY OPERATING REVENUES (EUR MILLION) COVID-19 pandemic Divestment of Global Interior Comfort financial Systems, Light crisis 1,161 Duty Cables, and 1,12
Slide 16: Approaches in Recent Years Have Led to Weak Financial Performance
16 APPROACHES IN RECENT YEARS HAVE LED TO WEAK FINANCIAL PERFORMANCE EBIT in % > In recent years, KA has faced challenging market conditions combined with 6.8 » Ineffective organizational structure 5.7 » Insufficient execution » A lack of performance-driven culture » High overhead costs 2.4 > These
Slide 17: Leadership Renewal - New BoD and Executive Leadership Team
17 LEADERSHIP RENEWAL- NEW BOD AND EXECUTIVE LEADERSHIP TEAM > NEW BOARD OF DIRECTORS » Olav Volldal – Chair of the Board since December 2024. Previous experience as CEO of Kongsberg Automotive during 1987-2010 > A team that brings deep » Bård Klungseth – Deputy Chair of the Board since industry kno
Slide 18: KA's Business Concept
18 KA’S BUSINESS CONCEPT A performance-oriented KA culture Creativity & Accountability Right person innovation on the bus Long-term Relentless Teamwork & Result-oriented oriented continuous collaboration Fact-based improvement Respect Integrity Determination KA will achieve internal cost KA will dev
Slide 19: Organizational Changes to Enhance Business Performance
19 ORGANIZATIONAL CHANGES TO ENHANCE BUSINESS PERFORMANCE Before May 2025 After May 2025 > Organizational and leadership changes aimed at improving business performance > Various corporate functions eliminated - or scaled down and merged or included into business areas – where the responsibility bel
Slide 20: KA's Revised Business Area and Business Unit Structure
20 KA’S REVISED BUSINESS AREA AND BUSINESS UNIT STRUCTURE • Aimed at strengthening and sharpening customer and product focus, improving resource allocation, accountability and ownership • Each business unit will develop, own and implement their detailed strategies on how to deliver profitable growth
Slide 21: KA at an Inflection Point to an Improved Trajectory
21 KA AT AN INFLECTION POINT TO AN IMPROVED TRAJECTORY New leadership driving change > A turnaround program is ongoing with a renewed management team and streamlined organizational structure Focused on execution & performance > Disciplined cost management and operational excellence to deliver strong
Slide 22: Long-Term Strategic Target
22 LONG-TERM STRATEGIC TARGET
Slide 23: Long-Term EBIT Target of 6.5%
23 LONG-TERM EBIT TARGET OF 6.5% • The assessment is based on the current* EBIT and revenue levels EBIT BRIDGE in % • Improvements are based on From current* level to long-term target identified initiatives in the revised strategic plan • The EBIT bridge illustrates the estimated impact of 1-1.5% 6.
Slide 24: How to Achieve Our Long-Term Targets
24 HOW TO ACHIEVE OUR LONG-TERM TARGETS REBUILDING A HIGH-PERFORMANCE Drive Cost DRIVE Efficiency & Operational COST-EFFICIENCY AND ACCELERATE INNOVATION AND Excellence Accelerate Innovation & Growth KA CULTURE OPERATIONAL IMPROVEMENTS GROWTH ✓ Establish accountability and ✓ Conclude cost reduction
Slide 25: Financials
25 FINANCIALS
Slide 26: Overhead and Other Fixed Costs – in % of Revenue
26 OVERHEAD AND OTHER FIXED COSTS – IN % OF REVENUE How we will achieve these cost reductions: • Conclude implementation of cost reduction programs already initiated, latest announced 2-3 % points red. in May 2025 at MEUR 15 with full effect from On LTM turnover Q3 2026. MEUR 730: • New organization
Slide 27: Operational Improvement – in % of Revenue
27 OPERATIONAL IMPROVEMENT – IN % OF REVENUE How we will achieve these cost reductions: • Operational improvements reflect the net effect after: 0.5-1.0 % points • Customer price reductions in long- reduction term agreements • Inflation on variable costs (e.g., energy) On LTM turnover • Blue-collar
Slide 28: Warranty Cost – in % of Revenue
28 WARRANTY COST – IN % OF REVENUE How we will achieve these cost reductions: • New warranty management team established with prior KA expertise, 1-2 % points red. with strong involvement from CEO On LTM turnover • Enhanced end-to-end execution of MEUR 730: warranty handling and analysis Increase in
Slide 29: Structural Cost Improvements – in % of Revenue
29 STRUCTURAL COST IMPROVEMENTS – IN % OF REVENUE How we will achieve these cost reductions: 1-1.5 % points red. • KA has a global footprint with On LTM turnover operations in 17 countries across 31 MEUR 730: sites, including 22 plants Increase in EBIT • Announced structural change in MEUR 7-11 Swed
Slide 30: Actuators
30 ACTUATORS
Slide 31: Since 1975
SINCE 1975 — WE'VE meant POW TIONS ACROSS THE GLOBE.
Slide 32: High Performance Actuators for Commercial Vehicles
32 HIGH PERFORMANCE ACTUATORS FOR COMMERCIAL VEHICLES High performance actuators are essential for all types of truck Internal Combustion Engine Electric powertrain powertrains powertrain applications applications KA actuators are available in pneumatic or electric configurations to meet diverse app
Slide 33: Kongsberg Automotive's Unique Actuator Offering
33 KONGSBERG AUTOMOTIVE’S UNIQUE ACTUATOR OFFERING WHY KAdelivers Why KA DELIVERS MORE more CURRENT AND FUTURE TECHNOLOGY LEADERSHIP: REDEFINING ACTUATOR PERFORMANCE > KA combines engineering excellence with agility and competitive costs > Quick response and precise operation, improving overall vehi
Slide 34: The Market Opportunity – A New Wave of Updates
34 THE MARKET OPPORTUNITY – A NEW WAVE OF UPDATES EU’s CO2 reduction targets for heavy-duty trucks (reference year is 2019) KA well positioned for actuator solutions on electric trucks 2025 2030 2035 2040 > Electric trucks require compact, lightweight, and highly efficient -15% actuators to fit with
Slide 35: Turning Challenges into Breakthroughs – We're in It to Win It!
35 TURNING CHALLENGES INTO BREAKTHROUGHS – WE’RE IN IT TO WIN IT! KA combines engineering excellence with agility and customer- focused innovation, enabling us to deliver faster, smarter, and more flexible solutions that exceed expectations > Throughout our history, Kongsberg Automotive has consiste
Slide 36: Couplings
36 COUPLINGS
Slide 37: Slide 37
Slide 38: Raufoss Couplings - History
38 RAUFOSS COUPLINGS - HISTORY Ammunition - brass Couplings - brass Couplings - composite 2008–today 1995–2008 Becoming a global market leader Development and launch of 1990–2000 world’s first composite > The Raufoss ABC program for air brake couplings propelled the 1970–1990 couplings company into
Slide 39: KA's Raufoss ABC System Features and Benefits
39 Product portfolio update KA’S RAUFOSS® ABC SYSTEM FEATURES AND BENEFITS ASSEMBLY TIME REDUCTION > NO PREASSEMBLY OF TUBE > MORE EFFICIENT THAN FIXED BLOCKS KEY CHARACTERISTICS OF KA’S PUSH-IN TECHNOLOGY ASSEMBLY SECURITY REDUCED TOTAL SYSTEM COST INTEGRATED ASSEMBLY SIGNAL > REDUCED ASSEMBLY COST
Slide 40: Highly Automated Production – A Key Success Factor
40 HIGHLY AUTOMATED PRODUCTION – A KEY SUCCESS FACTOR 155.000.000 COUPLINGS PRODUCED EVERY YEAR
Slide 41: KA's Raufoss ABC System – Future Growth
41 KA’S RAUFOSS® ABC SYSTEM – FUTURE GROWTH GROW AIR BRAKE SYSTEM MARKET SHARES WHY KA WILL SUCCEED > KA is committed to expanding its market share in key regions through the proven performance of ABC > Our strategy is anchored in a proven couplings performance and continuous innovation: > Strategic
Slide 42: Steer-by-Wire
42 STEER-BY-WIRE
Slide 43: Steer-by-Wire
43 STEER-BY-WIRE
Slide 44: Steer-by-Wire
44 STEER-BY-WIRE
Slide 45: Steer-by-Wire: Steering Reimagined
45 STEER-BY-WIRE: STEERING REIMAGINED > Steer-by-Wire replaces mechanical linkages with electronic control, enabling: > Enhanced driving experience with a customizable and premium steering feeling > Improved safety using computer aided systems > Vehicle weight reduction and design freedom for OEM >
Slide 46: Kongsberg Automotive's Unique Steer-by-Wire Technology
46 KONGSBERG AUTOMOTIVE’S UNIQUE STEER -BY-WIRE TECHNOLOGY WHY KA’S DESIGN DELIVERS MORE SAFETY AND DURABILITY > Ground-up innovation — not limited by conventional > Fail-operational Steering Design: No single fault can designs, built for maximum reliability and result in steering loss performance •
Slide 47: Steer-by-Wire Technology – The Market Opportunity
47 STEER-BY-WIRE TECHNOLOGY – THE MARKET OPPORTUNITY STEER-BY-WIRE GLOBAL MARKET SIZE ESTIMATE* MARKET SEGMENTS EURO 3 – 7 billion Target segment Target segment Under assessment > 1500-3500 kg > 2500-5000 kg > Above 5000 kg > Premium > Autonomous > Trucks rear axle passenger cars people movers and f
Slide 48: KA Has the Capabilities and Determination to Succeed
48 KA HAS THE CAPABILITIES AND DETERMINATION TO SUCCEED World-class engineering team with expertise and passion > Engineering team in Sweden with deep OEM experience from Volvo, Saab, NEVS, GM, Polestar, CEVT, and Zeekr > Passionate, determined, and committed to succeed Customer demonstration vehicl
Slide 49: Q&A
49 Q&A
Slide 50: Capital Markets Day
50 CAPITAL MARKETS DAY © KONGSBERG AUTOMOTIVE. ALL RIGHTS RESERVED.
Slide 51: Tech Center Tour
51 TECH CENTER TOUR
Slide 52: KA Project Process from Concept to Production
52 KA PROJECT PROCESS FROM CONCEPT TO PRODUCTION Concept development => Prototypes => Component testing => Product validation => Field testing => Production
Slide 53: Technical Center, Test Laboratory
53 53 TECHNICAL CENTER, TEST LABORATORY > Validation of our products to satisfy the requirements from our customers and market, creating similar conditions as in the vehicles in the field, but highly accelerated to save time. Load, temperatures, vibrations, dust and dirt, water, chemicals, drop test
Slide 54: kongsbergautomotive.com
KONGSBERGAUTOMOTIVE.COM Kongsbergautomotive.com KONGSBERGAUTOMOTIVE.COM © Kongsberg Automotive, 2025 // All rights reserved. This presentation and its content are protected by copyright laws. Unauthorized use or reproduction of any part of this presentation without prior written permission is strict