Slide 1: Second quarter 2024
+@ KOMPLETT’GROUP Second quarter 2024 Jaan Ivar Semlitsch, CEO Thomas Rakke, CFO 18 July 2024 LETT. «=net@net —_fwebhallen
Slide 2: Disclaimer
| Disclaimer This presentation has been prepared by Komplett ASA (the “Company’) solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This presentation includes forward-looking statements which are based on our
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Slide 4: Q2-24 Key financials
| 02-24 Key financials Lower sales and margins, partly compensated by cost savings in 02 © Weak demand, led by core gaming and IT categories Revenue Gross margin J led to a revenue decline of 5.9 per cent 4734 15.0% T4A% 13.5% 14.0% 3054 er © Increased price investments and campaign activity defendi
Slide 5: Q2-24 Key initiatives
| 02-24 Key initiatives Commercial initiatives moving ahead as planned in all brands Good traction Successful store opening in Stavanger in April, with good traction Two large cities, Bergen and Sddertalje, signed to be opened in H2 Improved conversion, online check-out, more active price management
Slide 6: Financial performance
Slide 7: Key financials
Key financials Results impacted by product cycles, weak markets and strong competition Revenue 02-23 Operating expenses (adj.) 02-23 02-24 02-24 Gross profit 02-23 02-24 EBIT (adj.) 0 02-23 02-24 5.9 per cent revenue decline driven by weak demand in core categories o Adjusted for currency effects, r
Slide 8: B2C: Controlled cost base in a challenging competitive environment
B2C Controlled cost base in a challenging competitive environment 2585 02-23 2594 2 2 : | 3513 2392 03-23 04-23 Q1-24 02-24 fl Revenue (NOK million) @ Gross margin(%) 9 0.4% a 02-23 94 35 17 coe ~38 03-23 04-23 O24 02-24 HELEBIT(NOK million) @ EBIT margin(%) o Revenue decline of 7.5 per cent YoY (-6
Slide 9: B2B: Performance impacted by cautious spending among SMEs
B2B Performance impacted by cautious spending among SMEs o Revenue decline of 6.2 per cent (-6.0 per cent LFL) o Norway -4.9 per cent and Sweden -13.7 per cent LFL 457 395 552 551 330 , - . ; © Cautious spending patterns continued to impact demand from smaller SME customers © Gross margin impacted b
Slide 10: Distribution
Distribution Stable YoY performance with improved trajectory from 01 823 826 695 696 q | 02-23 03-23 04-23 Q1-24 02-24 I Revenue (NOK million) @ Gross margin(%) 4 1 aT 12 1 0.2% _@ 02-23 03-23 04-23 01-24 02-24 EBIT(NOK million) @ EBIT margin(%) © Stable revenue development year-over-year © The oper
Slide 11: Profit and loss
Profit and loss Operating performance main driver for decline in profit for the period Operating revenue Depreciation and amortisation EBIT (adj.) One-off costs Impairments EBIT Net financials Profit before tax Tax expense Profit for the period 3.418 3634 6 664 -139 7253 15 861 -1038 Depreciation an
Slide 12: Cash flow & working capital
| Cash flow & working capital Net working capital reduction contributing to positive cash flow decrease in inventory of NOK 159 million and a decrease in 136 428 866 Net cash flow from operating | 283 m0 trade receivables of NOK 11 million, and further supported activities by an increase in accounts
Slide 13: Financial position
Financial position Healthy liquidity and increased covenant headroom Liquidity reserve Net interest-bearing debt 1090 1269 1263 y "1900" ~~ Healthy liquidity reserve at NOK 1 billion, up NOK 153 million since Q1 and in line with 2023 o Atthe end of 02 2023, the reported liquidity reserve included a
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Slide 15: Key takeaways
l Key takeaways Markets remain challenging, but progress on commercial and cost initiatives (@ kompPett’cRouP Weak markets and innovation cycles in in core categories continued to impact revenues Gross margin impacted by price investments, campaign activities and inventory management Reduced cost ba
Slide 16: Outlook
Outlook (@ kompPett’cRouP Measures taken to improve performance in a challenging market Preparations for 03 and for 04 and peak well progressed with strong commercial plans Competition expected to remain hard, yet with an easing negative impact on gross margins Commercial initiatives will continue t
Slide 17: Alternative Performance Measures (APMs)
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