Slide 1: Q2 January – June 2026
=PEAB= THE NORDIC COMMUNITY BUILDER
Slide 2: Housing investments increase from low levels
MARKET OUTLOOK Housing investments increase from low levels Started-up housing investments, new and renovations 2026 2027 2028 Sweden 2026 i 2027 2028 Norway →( ) →( ) 2026 2027 2028 Finland →( ) Source: Prognoscentret
Slide 3: Public sector and industry investments drive premise construction
MARKET OUTLOOK Public sector and industry investments drive premise construction Started-up premise construction investments, new and renovations 2026 2027 2028 Sweden → → → 2026 2027 2028 Norway (→) 2026 2027 2028 Finland (↑) (→) ↓( ) Source: Prognoscentret
Slide 4: Continued high level of investments in civil engineering
MARKET OUTLOOK Continued high level of investments in civil engineering Civil engineering investments 2026 2027 2028 Sweden 2026 2027 2028 Norway → → → 2026 2027 2028 Finland → → → Source: Prognoscentret
Slide 5: Stable investment levels in the Nordic market
MARKET OUTLOOK Stable investment levels in the Nordic market Total construction and civil engineering investments, new and renovations 2026 2027 2028 Sweden →( ) 2026 2027 2028 Norway →( ) → → 2026 2027 2028 Finland (→) → Source: Prognoscentret
Slide 6: Business area Construction
Business area Construction Swimming Pool Helsinki
Slide 7: Business area Construction
Business area Construction Apr-Jun Apr-Jun Jul 2025- Jan-Dec MSEK 2026 2025 Jun 2026 2025 Net sales 6,485 5,969 24,191 23,683 Operating profit 157 137 643 512 Operating margin, % 2.4 2.3 2.7 2.2
Slide 8: High level of orders received and order backlog
BUSINESS AREA CONSTRUCTION High level of orders received and order backlog Orders received, MSEK 14,000 12,088 12,000 10,000 Order backlog 8,784 8,000 6,000 4,756 4,489 6,325 6,602 5,918 6,742 31.4 BSEK (27.4) 3,994 4,000 2,000 0,000 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q126 Q226
Slide 9: New contracts in the second quarter
BUSINESS AREA CONSTRUCTION New contracts in the second quarter New swimming pool New data center Laboratory facilities New apartments facility (130 MEUR) (692 MSEK) (288 MNOK) (825 MSEK) Kouvola Helsingborg Umeå Tromsø
Slide 10: Allocation per product area
BUSINESS AREA CONSTRUCTION Allocation per product area Net sales, rolling 12 months Order backlog, June 30, 2026 14% 12% Housing 23% Housing Construction maintenance Construction maintenance 7% Sports facilities 9% 29% Sports facilities Industrial Industrial Offices Offices 12% 7% Logistics 12% Logi
Slide 11: Business area Civil Engineering
Business area Civil Engineering Boden Industrial Park, Boden
Slide 12: Business area Civil Engineering
Business area Civil Engineering Apr-Jun Apr-Jun Jul 2025- Jan-Dec MSEK 2026 2025 Jun 2026 2025 Net sales 5,120 4,433 18,688 17,607 Operating profit 273 204 806 704 Operating margin, % 5.3 4.6 4.3 4.0
Slide 13: Lower level of orders received in the quarter but high order backlog
BUSINESS AREA CIVIL ENGINEERING Lower level of orders received in the quarter but high order backlog Orders received, MSEK 9,000 7,985 8,000 7,000 6,682 6,385 6,000 Order backlog 22.8 4,870 5,000 4,384 4,083 4,000 3,472 3,051 3,229 3,000 BSEK (20.7) 2,000 1,000 0,000 Q224 Q324 Q424 Q125 Q225 Q325 Q4
Slide 14: New contracts in the second quarter
BUSINESS AREA CIVIL ENGINEERING New contracts in the second quarter Contracts for road New preparation stage New wastewater New sailing collision maintenance for waterworks treatment plant shield (382 MSEK) (121 MSEK) (252 MSEK) (125 MSEK) Sweden Timrå Vemdalen Gothenburg
Slide 15: Allocation per product area
BUSINESS AREA CIVIL ENGINEERING Allocation per product area Net sales, rolling 12 months Order backlog, June 30, 2026 16% Operations and 21% Operations and maintenance maintenance 31% 4% Energy Energy 40% Streets and groundwork Streets and groundwork 8% Ports and sea Ports and sea Industrial Industr
Slide 16: Business area Industry
a Industry iness area Bus
Slide 17: Business area Industry
Business area Industry Apr-Jun Apr-Jun Jul 2025- Jan-Dec MSEK 2026 2025 Jun 2026 2025 Net sales 6,282 5,678 20,820 20,037 of which Swerock/Asphalt 5,227 4,880 17,120 16,770 of which Construction system 1,156 900 4,121 3,672 Operating profit 606 544 1,684 1,485 of which Swerock/Asphalt 564 533 1,589
Slide 18: Stable level of orders received and order backlog
BUSINESS AREA INDUSTRY Stable level of orders received and order backlog Orders received, MSEK 5,000 4,495 4,500 4,082 4,000 3,835 3,630 3,500 3,245 3,341 Order backlog 3,091 7.7 2,940 3,000 2,440 2,500 2,000 BSEK (7.4) 1,500 1,000 0,500 0,000 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q126 Q226
Slide 19: Unchanged capital employed and improved return on capital
BUSINESS AREA INDUSTRY Unchanged capital employed and improved return on capital Capital employed and return on capital employed* 12,000 11,339 20% 10,688 10,391 10,435 10,034 18% 9,920 9,735 10,000 9,198 9,269 16% 14% 8,000 12% Return on capital employed 6,000 10% 4,000 8% 6% 17.3 % (14.2) 4% 2,000
Slide 20: Business area Project Development
Business area Project Development Brf Lojobacken Stockholm
Slide 21: Business area Project Development
Business area Project Development Apr-Jun Apr-Jun Jul 2025- Jan-Dec MSEK 2026 2025 Jun 2026 2025 Net sales 899 751 3,994 4,345 Operating profit 34 -1 199 238 Operating margin, % 3.8 -0.1 5.0 5.5 of which Housing Development 2.7 -1.7 0.2 0.2
Slide 22: Ongoing production and sale of homes
BUSINESS AREA PROJECT DEVELOPMENT Ongoing production and sale of homes Apr-Jun Apr-Jun Jul 2025- Jan-Dec Number 2026 2025 Jun 2026 2025 Total number of started-up homes 501 280 991 1,161 Total number of sold homes 322 331 1,082 1,248 Jun 30, Jun 30, Dec 31, Number 2026 2025 2025 Total number of home
Slide 23: Low return on capital employed
BUSINESS AREA PROJECT DEVELOPMENT Low return on capital employed Capital employed and return on capital employed* 25,000 5% 19,767 19,199 19,138 20,000 4% 18,408 18,229 18,435 18,220 18,634 18,522 15,000 3% Return on capital employed 10,000 2% 1.3 % (3.5) 5,000 1% 0,000 0% Q224 Q324 Q424 Q125 Q225 Q
Slide 24: The Peab Group
i J | \ The Peab Group ; ‘ EJ \ oa ri a "ES
Slide 25: Segment reporting
THE GROUP Segment reporting Apr-Jun Apr-Jun Jul 2025- Jan-Dec MSEK 2026 2025 Jun 2026 2025 Net sales 16,778 14,937 60,276 58,589 Operating profit 925 760 2,913 2,626 Operating margin, % 5.5 5.1 4.8 4.5
Slide 26: High share of public customers
THE GROUP High share of public customers Net sales, rolling 12 months 46% (44) 54% (56) Public customers Private customers
Slide 27: High level of orders received in the quarter
THE GROUP High level of orders received in the quarter Orders received, MSEK 20,000 18,336 18,000 16,434 16,574 Orders received 16,000 14,947 15,561 14,000 13,183 12,052 12,000 10,000 8,000 10,135 10,223 18.3 BSEK (13.2) 6,000 4,000 2,000 0,000 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q126 Q226
Slide 28: Increased order backlog and high level of preliminary contracts
THE GROUP Increased order backlog and high level of preliminary contracts MSEK 70,000 60,000 50,000 Order backlog Preliminary contracts per June 30, 2026 40,000 30,000 20,000 57.3 Appr. 19 BSEK (51.8) BSEK 10,000 0,000 2024 2024 2024 2025 2025 2025 2025 2026 2026 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Order bac
Slide 29: Extended order backlog over time
THE GROUP Extended order backlog over time Order backlog allocated over time, MSEK 30,000 24,499 25,000 21,412 22,278 20,810 20,000 61% 15,000 10,515 9,535 10,000 after current 5,000 financial year 0,000 (59) Current financial year Coming financial year Thereafter June 30, 2025 June 30, 2026
Slide 30: Seasonal increase in working capital in the second quarter
THE GROUP Seasonal increase in working capital in the second quarter Cash flow before financing, MSEK 3,000 2,792 2,500 2,250 2,000 1,719 1,500 1,195 1,000 0,500 0,000 -95 -0,500 -363 -560 -608 -663 -1,000 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q126 Q226
Slide 31: Lower net debt
THE GROUP Lower net debt Net debt and net debt/equity ratio 12,000 0,7 10,000 0,6 2,272 1,915 0,5 8,000 2,237 1,818 2,042 1,944 1,823 0,4 Net debt 6,000 1,818 4,000 7,313 6,397 6,681 6,322 7,610 6,168 2,131 6,896 0,3 0,2 8.7 BSEK (9.5) 5,355 2,000 4,269 0,1 0,000 0,0 Q224 Q324 Q424 Q125 Q225 Q325 Q4
Slide 32: Target checkpoint
UTFORLAW Target checkpoin
Slide 33: Four target areas, nine external targets
Four target areas, nine external targets Most satisfied Best eNPS customers CSI workplace always over benchmark always over 75 Zero vision Serious accidents Through a contracting trend Operating margin Most profitable Leader in social Carbon dioxide Carbon dioxide intensity company >6 % responsibilt
Slide 34: Target: Operating margin over 6 percent
MOST PROFITABLE COMPANY Target: Operating margin over 6 percent Operating margin, Group 7 6.2 Target: >6% 6 5.2 4.7 4.5 4,8 5 4.3 4 3… 3 2 1 0 2020 2021 2022 2023 2024 2025 2026* *Calculated on rolling 12 months per June 30, 2026
Slide 35: Target: Net debt/equity ratio within interval 0.3-0.7
MOST PROFITABLE COMPANY Target: Net debt/equity ratio within interval 0.3-0.7 Net debt/equity ratio, Group 1,0 0,8 0.6 0,6 0.5 0.5 0.5 Target interval: 0,4 0.4 0,3-0,7 0.3 0,2 0.2 0,0 2020 2021 2022 2023 2024 2025 2026* *Per June 30, 2026
Slide 36: Recommend Peab as an employer
BEST WORKPLACE Recommend Peab as an employer eNPS, recommend Peab 35 32 33 31 30 29 28 28 27 26 27 24 25 22 Target: 19 21 20 18 20 19 20 17 18 17 Over industry 16 15 15 eNPS benchmark Benchmark 10 10 10 5 0 2020 2021 2021 2022 2022 2023 2023 2024 2024 2025 2025 2026 Q2 Q2 Q2 Q2 Q2 Q2
Slide 37: Zero vision for workplace accidents
BEST WORKPLACE Zero vision for workplace accidents Serious accidents, rolling 12 months, category 4 60 55 49 48 49 50 39 40 33 Target: 28 30 30 30 28 30 Contracting trend 20 20 18 25 20 21 19 19 18 10 10 13 0 2020 2021 2022 2023 2024 2025 2026 Own personnel Subcontractors Total
Slide 38: Peab grows with greater profitability
JAN-JUN 2026 Peab grows with greater profitability • The market outlook for the Nordic construction and civil engineering market remains largely unchanged • High level of orders received and record high order backlog • Increased net sales and improved operating profit and operating margin • Lower ne
Slide 39: Q&A
Q&A
Slide 40: Next report: Third quarter 2026 October 28, 2026
Next report: Third quarter 2026 October 28, 2026
Slide 41: Thank you!
Thank you!