Slide 1: Kempower Q1 2026 Interim Report
Kempower Q1 2026 Interim Report 29 April 2026
Slide 2: Disclaimer
2 Disclaimer This presentation contains forward-looking statements based on current expectations, estimates, projections, and assumptions regarding future events and financial performance. These statements involve known and unknown risks and uncertainties that may cause actual results, performance,
Slide 3: Today's speakers
3 Today’s speakers Bhasker Kaushal Jukka Kainulainen Chief Executive Officer Chief Financial Officer
Slide 4: Q1 2026 highlights: A strong start to the year
4 Q1 2026 highlights: A strong start to the year Strong revenue growth, North America revenue more than tripled Break-out performance through market share gains in North America and Europe outside Nordics 54% +230% growth in revenue growth in North Gross margin held flat sequentially q/q America rev
Slide 5: Q1 2026 financial highlights
5 Q1 2026 financial highlights Order intake Revenue Profitability Cash flow Strong growth in several key Revenue growth accelerated Revenue +54% vs. fixed costs +20% Improved cash flow generation markets in Europe both y/y and q/q Gross margin held flat sequentially Driven by increased profitability
Slide 6: Market update: Registrations & DC charging growth in Europe vs. North America
6 Market update: Registrations & DC charging growth in Europe vs. North America New BEV registrations1 New public DC fast charging Market developments (Passenger cars, million units) installations Europe Public funding initiatives totaling ~EUR 5bn announced across Europe in 2026 to drive EV adoptio
Slide 7: Europe: Strong growth outside of Nordics, reflecting deliberate geographic diversification
7 Europe: Strong growth outside of Nordics, reflecting deliberate geographic diversification Order intake Revenue Key Customer Wins • Strong growth in several key markets, • Strong growth in Europe outside of Hilton Heathrow T5 e.g. France, the UK, and Germany Nordics Strengthened airport presence •
Slide 8: North America: Scaling fast, outperforming market through continued share gain
8 North America: Scaling fast, outperforming market through continued share gain Order intake Revenue Key Customer Wins/Highlights • Continued robust progress in the U.S. • Revenue more than tripled y/y driven EV Realty partnership by growth across Public Charging and Major step forward for heavy-du
Slide 9: Strategic priorities: Strong, measurable progress
9 Strategic priorities: Strong, measurable progress Winning with customers Differentiated technology Operational excellence through innovation ▪ 8 new customers acquired during the ▪ ChargeEye software: Basic analytics view ▪ Strong on-time delivery performance in quarter launched in Q1 – uptime, pe
Slide 10: Gross margin: Cost program offsetting price pressure, continued ramp-up expected in H2
10 Gross margin: Cost program offsetting price pressure, continued ramp-up expected in H2 Gross margin Unit cost reduction program Last three years (%) • Initiated in H2 25 to mitigate sales price pressure through supply Key drivers for gross 60% chain and operational improvements margin in Q1 50% 4
Slide 11: Q1 2026 Financials
@ KEMPOWER ‘Ql 2026 Financials
Slide 12: Key figures
12 Key figures EUR million Q1/2026 Q1/2025 Change 2025 Comments Order backlog 140.7 106.5 32% 141.3 • In Q1, we continued to execute our growth Order intake 69.0 59.4 16% 303.5 strategy both in Europe and North Revenue 66.8 43.5 54% 251.3 America. Revenue growth, % 54% 2% 52pp 12% Gross profit 30.3
Slide 13: Order intake: Record-high Q1 supported especially by Europe and APAC & MEA
13 Order intake: Record-high Q1 supported especially by Europe and APAC & MEA Order intake per quarter (EURm) Order intake split per area (%) Comments 100 95.1 100% • Record-high Q1 order intake, supported 7% 14% 90 90% by strong growth in several key 16% 80 74.3 74.7 80% 16% markets in Europe –DACH
Slide 14: Revenue: Significant acceleration in growth outside of the Nordics
14 Revenue: Significant acceleration in growth outside of the Nordics Revenue per quarter (EURm) Revenue split per area (%) Comments 80 73.7 100% 6% • Revenue growth 54% accelerated y/y 71.9 7% 70 66.8 90% 7% 16% 62.2 80% • Revenue in North America over 60 +54% 70% tripled; strong growth also in Eur
Slide 15: Profitability: Gross profit margin decreased while operative EBIT margin improved
15 Profitability: Gross profit margin decreased while operative EBIT margin improved Gross profit and gross margin Operative EBIT and operative EBIT Comments (EURm and %) margin (EURm and %) 40 60% 1 2% • Gross profit margin at similar level 0.2 35 49.5% 50.6% 0 0% to Q4 25 but down 4.2pp from Q1 25
Slide 16: Cash flow and liquidity: Improvement in cash flow, liquidity remains strong
16 Cash flow and liquidity: Improvement in cash flow, liquidity remains strong Cash flow from operating activities Liquidity1 Comments (EURm) (EURm) 25 140 133 128 126 • Cash flow from operating activities 21 20 120 119 improved clearly y/y to EUR -1 16 120 115 114 114 108 108 15 12 99 101 million (
Slide 17: Q1 2026 Summary
Q1 2026 Summary
Slide 18: Kempower's outlook for 2026 (unchanged)
18 Kempower’s outlook for 2026 (unchanged) Kempower expects: • 2026 revenue is expected to grow between 10% - 30% compared to year 2025, assuming no major impact from foreign currency exchange rates (revenue 2025: EUR 251.3 million). • 2026 operative EBIT is expected to improve significantly compare
Slide 19: Summary
Summary Strong organic Continued Laser focus on growth strategic financial execution discipline • Revenue +54%, • Growing market • Operative EBIT accelerating both y/y share in a improved EUR 3.8m and q/q competitive market y/y • North America • 8 new customers • Balancing market +230%; Services +45
Slide 20: Kempower's Capital Markets Day 2026: A glimpse into the future of electrification
20 Kempower’s Capital Markets Day 2026: A glimpse into the future of electrification When? Day 1 (on-site or webcast) 26-27 May 2026 • Lunch and registration 12.00 CET • Presentations 13.00-16.00 Where? • Dinner with management Oslo, Munch Museum Day 2 (on-site only) What? • Customer site visits to
Slide 21: KEMPOWER
+) KEMPOWER 3 ®\KEMPOWER Powering Planet Ceel. Y ® KEMPOWER
Slide 22: kempower.com
kempower.com Kempower and ChargEye are trademarks of Kempower Oyj, registered in the U.S. and other countries and regions.