Slide 1: CAG Q2 2025
bent oe CAG O02, Apr We accelerate digital hot for people. ) Leading technology. Lastin ss oreerimeet 9 PO — 2 Lam ig te isting impact * _ » a=
Slide 2: Take-Aways from Q2
2025-08-13 Take-Aways from 02 * Stable margin in Q2. Increased margin in H1 * Positive utilization and price trend * Economic environment still weak * Strong position in Defence segment Leading technology Lasting impact
Slide 3: Founded 2005: CAG at a glance
2005 Founded Sveriges Basta Arbetsplatser’ 4 O SVERIGE ) 2025 Employees Krokom SYSTEM, a ” z % 4 DNV j Enképing ane Employee Satisfaction, eNPS 9 independent subsidiaries in Oslo ona, nology Consultancy gs ‘% Si »s and IT Serv Karlstad Uppsala 2; — 3 Operations 3% DNV ¢ Stockholm Nee y Listed on Nas
Slide 4: What We Do: Specialist Areas
What We Do: Specialist Areas ~<a} Technology System Cyber Security IT Service Training Management Development Operations ° Leading technology Cc re | re) Lasting impact Ww
Slide 5: Leading technology, Lasting impact
Leading technology Lasting impact Command & Control Combat vehicles, air defence systems Surface & amfibie vessels, submarines Jas 39 Gripen Logistics and infrastructure Defence medical services Cyber Security IT & Communications NATO compliance
Slide 6: Consistent Growth and Profitability
Consistent Growth and Profitability CAGR 12% Total Revenue, MSEK Adjusted EBITA, % and MSEK B04 g79 war 822 B00 = 5.0 653 || ~ aye 52.2 | 91% : | aa 308 fet = qi qi 5 Qo — o = a ee i © & | = = = = 84% 8.0% 4 — 81% — 8.1% — = = |__| a: | | = = = = 780% 81% | 81% | a a a 2017 «= 2018-2019 «2020 2021._
Slide 7: Customer Segments
Customer Segments figures per 022 Defence Industry 7% + Defence segment, 35 (33) percent of revenue Retail &S rviceg Defence 3% Agencies 28% + Recurring revenue, 20 percent Public sector 44% Banking & Finance 24% t ) Private sector 56% Other Public Sector 16% percent of total revenue ° Leading techn
Slide 8: Solid Customer Base
Solid Customer Base © FORSVARSMAKTEN . ; SIEB NORWEGIAN DEFENCE Handelsbanken AS alecta AP3 Tredje AP-fonden WEIBEL J DOPPLER RADARS SVENSKA | iRAFTNAT AVANZA ul OP MoxMathiessen Sf El Lansférsikringar . SCANIA Folksam © © @ SYKEHUSAPOTEKENE ne 4 e JL Region Stockholm ARBETSFORMEDLINGEN tillvaxt lem
Slide 9: New Assignments & Customers
New Assignments & Customers * Forsvarsmakten, FMV (e.g., land-based C2 systems), BAE Systems Hagglunds, SAAB (e.g., electronic warfare, marine C2 systems), Kongsberg Maritime * Riksbanken, Swedbank, Finansinspektionen, SPP, Lansférsdkringar ¢ AkerBP, Scania, Mdlarenergi, Bonava, Swedavia, Praktikert
Slide 10: Q2: Stable Margin, Positive Price & Utilization Trend
Q2: Stable Margin, Positive Price & Utilization Trend * Revenue 214 (226) MSEK, -5.4 % * Excl subcontracting revenue -2.5 % * One fewer working day (~2 %), closure of CAG Senseus (~3%) * Earnings capacity per employee was unchanged * Utilization and price trends compensate decrease in FTE’s * Adj EB
Slide 11: H1: Margin Improvement
H1: Margin Improvement Se coca) * Revenue 444 (458) MSEK, -3.1 % * Excl subcontracting revenue -1.2 % * Two fewer working days in H1 (~2 %), CAG Senseus (~2%) * Utilization and price trends compensate decrease in FTE:s * Adj EBITA margin 9.2 % (8.8), Adj EBITA 40.6 (40.4) MSEK * Cash flow from opera
Slide 12: Financial Position Enables Further M&A Activity
Financial Position Enables Further M&A Activity Financial Position (KSEK) June 30, 2025 June 30, 2024 Cash at end-of-period 99 588 97 692 3 a Utilized credit facility (checkkredit) . . Net Debt*/Equity: -0.26 Long term debt, interest-bearing - -23 333 Long term debt, leasing 10128 -16.934 Net Debt*/
Slide 13: Outlook 2025
Outlook 2025 * Solid demand in Defence * Recovering general market activity over the year? (Note: 03 and O4, same no of working days as 2024. FY2025 has 2 fewer days than 2024) Rog . * Continued rapid development in Al, but “normalizing” g impact * Price and salary inflation at normal levels * Inbou
Slide 14: Thank You! Questions?
Thank You! Questions? Asa Landén Ericsson, CEO CAG Group Asa.landen@cag.se ; www.cag.se Leading technology Lasting impact
Slide 15: Leading technology
Leading aimee