Slide 1: Investor Presentation May 2026
Renewed double-digit increases in 2025: ► Order intake +17% ► Revenues +21% ► EBIT margin of 8.1% Investor Presentation May 2026
Slide 2: Highlights 2025
Highlights 2025 Order intake Orders on hand Revenues Again, strong growth in order intake and revenues €680.2m €794.9m €580.1m Orders on hand ensure +16.5% vs. FY24 +9.8% vs. FY24 +20.8% vs. FY24 good capacity utilisation Entirely organic EBIT includes € 8m claim growth settlement (positive effect)
Slide 3: Order intake 2025: selected highlights
Order intake 2025: selected highlights Air Traffic Management Defence Public Safety Civil ▪ First U.S. military digital air traffic ▪ Thuringian state police in Germany ▪ Rollout of IP based air-to-ground control tower is now live and in • Delivery of integrated operations protocol converter system
Slide 4: Record high order intake, orders on hand almost €800m
Record high order intake, orders on hand almost €800m Order intake = confirmed orders Orders on hand 2024: 68% ATM, 32% PST 2024: 64% ATM, 36% PST 2025: 65% ATM, 35% PST 2025: 62% ATM, 38% PST in € m in € m +14% p.a. +10% 795 +20% p.a. +17% 724 680 584 595 305 263 505 235 522 186 468 217 405 159 192
Slide 5: Continued double-digit revenue growth
Continued double-digit revenue growth Revenues Revenue split 2024: 70% ATM, 30% PST in € m 2025: 69% ATM, 31% PST 580 +21% +15% p.a. 480 179 427 386 142 334 134 31% 128 114 401 69% 338 258 293 220 2021 2022 2023 2024 2025 Public Safety & Transport (PST) Air Traffic Management (ATM) 5 | Investor Pres
Slide 6: Strong revenue growth in Americas region
Strong revenue growth in Americas region Revenues by region Revenue split in € m 339 ▪ Stable business model fosters growth Australia/ Pacific/Africa ▪ Low cyclical exposure 296 2025 Asia 7% 159 ▪ >90% government 7% customers 2024 8% 12% ▪ Strong European home market 88 18% Americas 27% 62% 59% 55 4
Slide 7: Annual view: Revenues and EBIT margin development
Annual view: Revenues and EBIT margin development Group Air Traffic Management Public Safety & Transport 580 480 427 401 386 334 338 293 258 8.7% 220 8.1% 179 6.7% 134 142 6.5% 5.3% 4.9% 114 128 6.2% 5.7% 14.6% 15.0% 11.7% 12.4% 10.0% 47 4.0% 3.4% 29 25 27 32 18 20 27 12 10 10 17 15 17 14 2021 2022
Slide 8: Vision: #1 in control centre solutions through innovations
Vision: #1 in control centre solutions through innovations 5G-based critical comms (MCX) Drone management Future comms and R&D tower infrastructure about 6%1) AI assistance systems €3.8bn €14.0bn ment s addressable total market size market today Cloud solutions New deployment ce models rit
Slide 9: Mission Critical Services (MCX)
Mission Critical Services (MCX) Mission-critical, prioritised communication via 5G networks Replacement for TETRA and GSM-R technologies Control room First responders 5G network MCX means greater safety in real time Frequentis solutions & services Inter- Apps for Frequentis is involved in Cont
Slide 10: Frequentis solutions for drone traffic
Frequentis solutions for drone traffic Automated control Drone market is Standardised airspace management for Information systems for all participants system for rescue Friend / enemy detection growing continuously air traffic control in the airspace missions and inspection flights for drone defence
Slide 11: Remote Digital Tower
Remote Digital Tower Rethinking airport operations Deployable Tower 11 | Investor Presentation May 2026 © Frequentis AG 2026
Slide 12: Outlook and management agenda for 2026
Outlook and management agenda for 2026 Orders Aim to Aim to EBIT margin on hand of increase increase of about €795m order intake revenues by 7.0% 31 Dec ’25 about 10% Capex of about €15m. Company-funded R&D expenses of about 6% of revenues. Note: Expectations may be affected by inflation, shortages
Slide 13: Appendix
Appendix
Slide 14: Working capital overview
Working capital overview Components of working capital Comments Net working capital in ▪ Inventories in 2025 mainly 14.9% 17.8% 18.8% 21.9% 21.8% % of LTM (last twelve higher due to an increase in months) revenues unfinished goods for a major in € m 126.4 project in the Americas. 51.8 Inventories ▪
Slide 15: We are the only company focusing solely on safety-critical control centres
We are the only company focusing solely on safety-critical control centres Air Traffic Management Public Safety and Transport Civil Defence Public Safety Public Transport Maritime Air navigation service Air force Police forces Heavy rail Coast guard / navy providers Army Fire services Urban rail Off
Slide 16: Revenue split
Revenue split Split by category Split by revenue type 2025 3% 3% <10% 3% 2024 >35% 43% 41% ~20% 56% 54% 30% Follow-on business for installed In-project services systems and solutions Maintenance (IBB/installed base business) Software New products for established customers and exisiting products Hard
Slide 17: Strong seasonality of EBITDA and EBIT
Strong seasonality of EBITDA and EBIT: 2nd half year key period for profitability EBITDA EBIT Comments in € m ▪ EBITDA and EBIT typically show strong seasonality ▪ Half-year results typically negative: order intake and 66.9 project acceptance and therefore revenues and profits 54.1 46.5 45.6 are hig
Slide 18: Consistent M&A strategy: Expansion of product and technology portfolio
Consistent M&A strategy: Expansion of product and technology portfolio 7 years listed on the stock exchange: 10 acquisitions ATRiCS Nemergent Orthogon ATC C4i Regola Aviamaps FRAFOS GuardREC Groiss Germany ATC Informatics Spain Germany Canada Australia Italy Finland Germany Norway Austria ATM PST AT
Slide 19: Financial policy framework
Financial policy framework Maintain net cash Equity ratio Capex of about Company-funded position at a of > 35% €15m in 2026 R&D expenses minimum level of (2025: €13.8m) in 2026 at about about 10% of 6% of revenues Group revenues 19 | Investor Presentation May 2026 © Frequentis AG 2026
Slide 20: Reasons to invest in Frequentis
Reasons to invest in Frequentis Growing faster Largely Growth drivers than the market independent fully intact of macroeconomic trends Av. 15% p.a. revenue growth Stability Security in past 4 yrs for decades Mobility Av. 4-5% p.a. market growth Technology 20 | Investor Presentation May 2026 © Freque
Slide 21: Key figures Frequentis Group
Key figures Frequentis Group All figures in € m unless otherwise stated. +/- in Earnings data 2025 2024 +/- in % 2023 2022 2021 2020 20191) 2018 2017 2016 2015 2014 2013 €m Revenues 580.1 480.3 +20.8% 99.8 427.5 386.0 333.5 299.4 303.6 285.8 266.9 241.2 220.2 204.0 186.3 EBITDA 66.9 54.1 +23.7% 12.8
Slide 22: Our experts for a safer world
Our experts for a safer world. We build solutions that enable our customers to make the world a safer place. 7.4 rs 10.3yrs av. length av. length of employment of employment Group HQs 4.5% 63 staff turnover 2,600 nationalities Global Employees 1,200 43 Austria Strong employer brand av. age Focussi
Slide 23: Customers are increasing investment in infrastructure and defence
Customers are increasing investment in infrastructure and defence Investment in Defence: Defence orders from infrastructure changed circumstances around the globe ▪ Frequentis is part of national ▪ Increasing investment in military ▪ USA: Remote Digital Tower safety-critical infrastructures security
Slide 24: Journey to mission critical services (MCX)
Journey to mission critical services (MCX) Order for emergency First prioritised Award for standardised services network communication on public software developer kit based on MCX mobile networks in June 2025 ▪ Frequentis partnering with IBM ▪ Safety-critical broadband ▪ Customers: to deliver emerg
Slide 25: A strong network around the world
A strong network around the world with hubs for added customer proximity 550+ customers 150 countries 150+ Active channel partners for 125 countries Regional offices Channel partners Frequentis Hubs 1947 1955 1983 1990 - 1999 2000 - 2009 2010 - 2019 SVK UK GER CAN USA AUS ROU BRA CHI NOR UAE Frequen
Slide 26: Leadership team
Leadership team Executive board Norbert Haslacher Monika Haselbacher Peter Skerlan Karl Wannenmacher CEO COO CFO CTO Strategy, Global Sales, Project Management & PMO, Finance, Human Resources, Technology Management, Strategic Business Units, Corp. Customer Services, Occupa- IT, Legal, Facility Manag
Slide 27: Shareholder structure
Shareholder structure Shareholder structure Core shareholder H. Bardach about 68% B&C Holding Österreich about 8% Free float about 24% 13,280,000 Listed on Frankfurt and Vienna stock exchanges Listed on Frankfurt and Vienna shares outstanding stock exchanges ATFREQUENT09 ISIN FQT Ticker symbol 14 Ma
Slide 28: Contact / Financial Calendar
Contact / Financial Calendar Investor Relations contact Financial Calendar Stefan Marin, Head of Investor Relations Financial Calendar / Conference / roadshow dates at +43 1 81150 - 1074 www.frequentis.com/financialcalendar investor@frequentis.com www.frequentis.com/en/ir Innovationsstrasse 1, 1100