Kongsberg Maritime Asa · OSL:KMAR
Kongsberg Maritime Asa — Q1 2026 Earnings Presentation
14 slides from Kongsberg Maritime Asa's earnings presentation, 2026
Slide 1: Investor Presentation 1st quarter 2026
Investor Presentation 1st quarter 2026 Lisa Edvardsen Haugan, President & CEO Mette Toft Bjørgen, EVP & CFO
Slide 2: Disclaimer
Disclaimer This presentation contains certain “forward-looking information and statements” within the meaning of applicable laws and regulations. These statements include, but are not limited to, statements regarding the Company’s expectations, plans, strategies, business outlook, market opportuniti
Slide 3: Strong market fundamentals, unpredictable environment
Strong market fundamentals, unpredictable environment
Slide 4: Highlights Q1 2026
Highlights Q1 2026 Solid Newbuild growth compensate Good operations for change in project mix order intake Scaling OEM activities and Deliveries to newbuilds accounted for 55% Book-to-bill of 1.13 diversified exposure of revenues vs 47% in Q1 last year (1.26 in newbuilds) Revenues Q1 EBITDA Q1 Order
Slide 5: Diversified exposure across major vessel segments
Diversified exposure across major vessel segments Naval & Offshore Gas Carriers Cargo Tug Passenger Other Government Energy Sharp focus on Focus on cost, Entering a Demand for new Emerging electric era, Growth market Mixed – including Market energy efficiency energy and defence-driven tonnage, upgra
Slide 6: Aftermarket – Strong long-term outlook, exposed to shorter term market cyclicality
Aftermarket – Strong long-term outlook, exposed to shorter term market cyclicality Spare parts, field service & other (MNOK) Projects (MNOK) 2,500 2,000 2,000 1,500 1,500 1,000 1,000 500 500 0 0 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 1st quarter 2026 Page 6
Slide 7: Continued good order intake – robust visibility in order backlog
Continued good order intake – robust visibility in order backlog Order intake (MNOK) Order backlog (MNOK) Order intake Order backlog split Q1 by delivery 27,564 27,849 27,851 8,748 26,164 24,644 7,839 7,765 7,470 7,502 18% 41% 51% 59% 31% Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 N
Slide 8: Financial Status
Financial Status Mette Toft Bjørgen
Slide 9: Revenues – underlying growth, changed project mix
Revenues – underlying growth, changed project mix Revenues (MNOK) Highlights 7,567 Operating revenues of MNOK 6,649, on level with Q1 last year 6,704 6,649 6,337 6,313 • Stronger NOK had a negative translation effect of MNOK 196 versus last year on revenues generated outside Norway • Q1 2025 include
Slide 10: EBITDA – impacted by changed project mix
EBITDA – impacted by changed project mix EBITDA and EBITDA-margin (MNOK, % of revenue) Highlights 27.4% EBITDA was MNOK 893, corresponding to a margin of 13.4% 18.1% • Q1 2026 items: 16.0% 15.8% 13.8% 13.4% ◦ FX translation: MNOK 32 negative on EBITDA 2,121 ◦ Demerger costs: MNOK 65 13.8% 1,028 1,14
Slide 11: Cash and statement of financial position include elements that changed at demerger
Cash and statement of financial position MNOK Net Cash flow from operating activities 1,634 include elements that changed at date of 1,022 1,006 1,083 548 the demerger Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 893 Net interest-bearing debt -177 -82 290 17 -134 -224 -150 -838 -1,016 862 852 Q1'25 Q2'25 Q3'25 Q4'
Slide 12: Favourable structural trends in markets where our technologies are key to succeed
Favourable structural trends in markets where our technologies are key to succeed → Deliveries to newbuild projects expected to grow double digit in 2026 - robust backlog visibility → Deliveries to the aftermarket impacted by the short term cyclicality, strong long- term fundamentals → Exposed to fa
Slide 13: Q&A
Q&A 1st quarter 2026 Page 13
Slide 14: Thank you
Thank you Kongsberg Maritime