Slide 1: Zaptec powers adventure
Zaptec powers adventure Q2 2026 Financial results 19th August 2026
Slide 2: Q2 summary
Q2 1• Record revenue and EBITDA driven by continued high growth summary 2• All-time-high installation rates and record-high order book 3• Gross margin maintained YoY despite macro headwinds 4• Strong cash flow and robust liquidity despite 175 MNOK dividend 5• Sustained market leadership in core Euro
Slide 3: Financial highlights
Financial Revenue Order intake 506 894 highlights +32% vs. Q2’25 +94% vs. Q2’25 Order backlog Gross margin 1 119 41% +97% vs Q2’25 vs. 41% in Q2’25 OPEX EBITDA 137 69 +22% vs. Q2’25 +57% vs. Q2’25 3 Figures in million NOK
Slide 4: Revenue increase of 32%
Revenue increase of 32% Strong growth trend continues MNOK +32% 506 457 433 407 408 383 369 347 341 327 347 300 299 265 220 239 129 148 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26
Slide 5: Order intake up 94%
Order intake up 94% Backlog of >1.1 BNOK at the end of Q2 Order intake is seasonal, with higher volumes in Q2 and Q4 MNOK +94% 894 645 587 445 456 461 467 362 342 366 330 276 317 306 218 233 244 193 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26
Slide 6: LTM revenue and order intake demonstrate consistent progress
LTM revenue and order intake demonstrate consistent progress MNOK 2.337 1.888 1.802 1.711 1.625 1.613 1.541 1.527 1.430 1.408 1.314 1.327 1.348 1.254 1.765 1.427 1.462 1.456 1.348 1.426 1.532 1.642 1.258 1.267 1.314 1.356 1.071 872 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4
Slide 7: Gross margin remained above 40% despite external headwinds
Gross margin remained above 40% despite external headwinds Continued focus on mitigating uncertainty via smart design and scale 40,6% 41,4% 42,5% 40,7% 40,1% 39,7% 38,9% 37,7% 38,6% 38,9% 38,6% 39,4% 36,9% 34,6% Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Tren
Slide 8: Another EBITDA record
Another EBITDA record Scalability further demonstrated with EBITDA up 57% vs Q2’25 14% EBITDA margin in Q2’26 MNOK +57% 69 51 44 45 38 34 21 19 14 14 margin (%) 14% 11% 10% 11% 4 6% 6% 9% 10% 4% -1% 4% -2% -1% 1% -2 -2 -8 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26
Slide 9: LTM EBITDA lifted to 185 MNOK
LTM EBITDA lifted to 185 MNOK LTM EBITDA margin exceeding 10% MNOK 185 160 124 98 81 71 62 55 43 43 29 12 -18 -24 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 LTM = Last Twelve Months
Slide 10: Market trends
Market • Cost of driving electric significantly lower than petrol and diesel across Europe as demonstrated by the new Zaptec Index tool trends • Strong growth in EV sales in Europe in the second quarter • Europe continues to move toward mass EV adoption • EV charging expected to transition from stan
Slide 11: Monitoring key EV market trends with the Zaptec Index
Monitoring key EV market trends with the Zaptec Index Home-charged EVs offer significant cost advantage across Europe, supporting long-term adoption The Zaptec Index See how far the same amount takes you on home charging, public charging, petrol or diesel. Across Europe, you get 1.5-3.0x longer driv
Slide 12: Strong EV market in Europe
Strong EV market in Europe Plug-in vehicle sales Q2 2026 vs Q2 2025 (%) France 53% Germany 40% United Kingdom 37% Europe plug-in Europe 35% vehicle sales up 35% compared to Denmark 35% Q2 2025 Switzerland 28% Benelux 14% Sweden 8% Norway 7% Source: ACEA. Sum of battery electric and plug-in hybrid el
Slide 13: Europe continues to move toward mass EV adoption
Europe continues to move toward mass EV adoption Plug-in share of total vehicle registrations 2023-2026 YTD 100% 1 in 3 new vehicles sold in Europe in Q2'26 were plug-in vehicles 34% 24% BEV+PHEV Share BEV share 0% Source: ACEA statistics on Battery Electric Vehicles (BEV) and Plug-in Hybrid Electri
Slide 14: The future of EV charging is increasingly connected
The future of EV charging is increasingly connected Electric vehicles Data & Energy As EV adoption insights systems grows, demand is shifting toward connected charging solutions and integrated Smart charging services infrastructure Partners Software Users 14
Slide 15: Executing the strategy
Executing the strategy 4 Optimize cash flow 3 Expand in major markets 2 Accelerate product roll-outs and integrations 1 Build on success in core markets 15
Slide 16: Zaptec named Europe's top AC charging provider for second consecutive year
Executing the strategy Zaptec named Europe’s top AC charging provider for second consecutive year 1. Build on core Market leadership reinforces Zaptec's installer and distribution network advantage markets 2. Accelerate products European AC provider market shares 2025 (%) and integrations 10% 3. Exp
Slide 17: Strong growth in core markets
Executing the strategy Strong growth in core markets Benelux emerging as new growth engine, gaining market shares in Sweden 1. Build on core while modest Norway sales growth reflects weak EV market markets Revenue growth Q2’26 vs Q2’25 in Zaptec’s top 3 markets 2. Accelerate products and integration
Slide 18: Record installation growth: +45%
Executing the strategy Record installation growth:+45% 1000 Zaptec chargers installed every day in June 1. Build on core +45% markets Monthly Zaptec installations 30 000 2. Accelerate products and integrations 25 000 23 193 20 000 3. Expand in major markets 15 000 10 000 4. Optimize cash flow 5 000
Slide 19: Scaling production to support future growth
Executing the strategy Scaling production to support future growth Strategic rationale for new Hungary production line is capacity 1. Build on core expansion while supporting long-term COGS reduction markets 2. Accelerate products and integrations 3. Expand in major markets Westcontrol Sanmina Sanmi
Slide 20: Technology leadership through continuous innovation and integrations
Executing the strategy Technology leadership through continuous innovation and integrations 1. Build on core markets 2. Accelerate products Data-driven iteration across hardware, firmware, and cloud and integrations 3. Expand in major markets OTA upgrades continuously improving device performance 4.
Slide 21: 32% growth in Tier 1 markets
Executing the strategy 32% growth in Tier 1 markets Strong growth in Germany driven by major contract wins, while 1. Build on core project and product delays impacted progress in UK and France markets 2. Accelerate products +32% and integrations 30 3. Expand in major 23 markets 4. Optimize cash flow
Slide 22: Scalable business model
Executing the strategy Scalable business model Continued trend of declining Opex share as revenue grows 1. Build on core markets 2. Accelerate products Opex as % of revenue and integrations 35,9% 3. Expand in major 33,8% 34,4% markets 34,2% 33,7% 33,6% 32,8% 32,0% 31,3% 30,4% 4. Optimize cash flow Q
Slide 23: Inventory below target level
Executing the strategy Inventory below target level Lifting production to meet strong sales and higher demand 1. Build on core Target inventory range is 200-300 MNOK to secure deliveries markets 2. Accelerate products and integrations MNOK 3. Expand in major markets 610 574 541 4. Optimize cash flow
Slide 24: Strong cash flow and solid liquidity despite 175 MNOK dividend payment
Executing the strategy Strong cash flow and solid liquidity despite 175 MNOK dividend payment 1. Build on core markets MNOK +101 2. Accelerate products and integrations 175 3. Expand in major markets 4. Optimize cash flow 736 789 715 532 466 318 327 272 250 241 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3
Slide 25: Why Zaptec is winning
Why Zaptec is • #1 European AC charging brand winning • Record installation growth • Benelux emerging as a major growth engine • Growing Tier 1 presence • High repeat business from installers and distribution partners • Connected ecosystem strategy • Strong balance sheet 25
Slide 26: Outlook
Outlook Things we see today: • European EV demand accelerating • Record order book supports growth visibility • Continued operating leverage expected Our priorities: • Win Tier 1 markets • Accelerate product innovation and ecosystem integrations • Sustain strong gross margins through design and scal
Slide 27: Disclaimer
Disclaimer This presentation contains stata fard-looking statemer guare and involve risks and uncertainties. Actual results y I — forward-looking s in the quarterly report published togethenwith this presentation, which applies sim}