Gapwaves Ab Class B · OMXSTO:GAPW_B

Gapwaves Ab Class B — Q3 2025 Earnings Presentation

18 slides from Gapwaves Ab Class B's earnings presentation

  1. Slide 1: Webcast Q3 2025

    Webcast Q3 2025

  2. Slide 2: Well positioned for profitable growth

    INVESTMENT CASE Well positioned for profitable growth Driven by  Strong growth and growing TAM regulation and customer needs With extensive  World-leading technology patent portfolio >500 000  High-volume production has started antennas produced  Asset-light and flexible business model Generatin

  3. Slide 3: Q3 Highlights

    Q3 Highlights 2025

  4. Slide 4: Focus on production ramp-up

    HIGHLIGHTS Q3 Focus on production ramp-up  >500 000 antennas manufactured since inception  Valeo volumes increasing steadily since start of production in the summer  Strong increase in Hella’s Gen 6 radar antenna production  Preparing for large-scale production start in China in 2026  Global, f

  5. Slide 5: Sales increased, EBITDA impacted by start up costs

    HIGHLIGHTS Q3 Sales increased, EBITDA impacted by start up costs Q3 Net Sales FY25 Net Sales  Growth momentum sustained, driven by MSEK 20.4 MSEK 67.2 sales of production equipment, products and (MSEK 18,4) (MSEK 48,5) development projects  Q3 adj. EBITDA impacted by costs related to start of prod

  6. Slide 6: Deployed in cars on the roads

    HIGHLIGHTS Q3 Deployed in cars on the roads Mercedes-Benz CLA with EQ Technology

  7. Slide 7: Continued momentum for Sensrad

    HIGHLIGHTS Q3 Continued momentum for Sensrad  Commercial and technological progress continue  Strong market interest in autonomous military solutions

  8. Slide 8: Financing to support industrial scale-up

    HIGHLIGHTS Q3 Financing to support industrial scale-up  Accelerating commercial growth  Scaling up production and supply chain capabilities  Broadening the customer base across automotive, industrial, telecom, and transport sectors  Investing in next-generation technologies to strengthen long-te

  9. Slide 9: Business model & strategy

    Business model & strategy We grow together with our customers

  10. Slide 10: Attractive business model - generating revenue at every step

    BUSINESS MODEL AND STRATEGY Attractive business model - generating revenue at every step Phase 1 Phase 2 Phase 3 6-18 months 9-36 months 6-8 years Prototype Contractual Product Start of Volume Pre-study project work development production production Non-recurring engineering revenue (NRE) Product sa

  11. Slide 11: Scalable and flexible production setup - with minimal Capex

    BUSINESS MODEL AND STRATEGY Scalable and flexible production setup - with minimal Capex Volume production Prototype production European Research & Development supply chain – Work in progress Gothenburg Tianjin, China Chuzhou, China Industrialization High-volume Antenna design Prototypes Lower volume

  12. Slide 12: Market potential

    Market potential Automation drives radar growth

  13. Slide 13: Regulation and consumer needs are strong drivers – Automation drives radar growth

    MARKET POTENTIAL Regulation and consumer needs are strong drivers – Automation drives radar growth Market drivers Product impact Industry impact Automotive radar forecast (million units) 350 > 3 radars NCAP1) Higher resolution Increasing demand per car 300 & Legislation & performance for Waveguide E

  14. Slide 14: Regulation and consumer needs are strong drivers – Automation drives radar growth

    MARKET POTENTIAL Regulation and consumer needs are strong drivers – Automation drives radar growth One Tier 1 customer Radar Indicative type volumes Million antennas Imaging 5–10 Indicative antenna pricing radar 20–30€ High Indicative antenna resolution 10–15 pricing radar 5–15€ Corner Indicative an

  15. Slide 15: Well positioned for profitable growth

    INVESTMENT CASE Well positioned for profitable growth Driven by  Strong growth and growing TAM regulation and customer needs With extensive  World-leading technology patent portfolio >500 000  High-volume production has started antennas produced  Asset-light and flexible business model Generatin

  16. Slide 16: Q&A

    Q&A

  17. Slide 17: For more information

    For more information CONTACT Jonas Ehinger CEO jonas.ehinger@gapwaves.com

  18. Slide 18: Thank you!

    Thank you! Follow us Gapwaves AB (publ) Corp. Reg. No. 556840-2829 Headquarters: Nellickevägen 22 SE-412 63 Gothenburg, Sweden Tel: +46 31 762 60 40 E-mail: info@gapwaves.com www.gapwaves.com

Gapwaves — Q3 2025 Earnings Presentation on 6ix