Slide 1: Verisure Q2 2026 Results Presentation
Verisure Q2 2026 Results Presentation 30th July 2026 1
Slide 2: Quality growth and strong cash generation
• Quality growth and strong cash generation – ARR €3,620m, +11.9% y/y (o/w around 2pp Mexico) – Adjusted EBIT €269m, +13.9% y/y – Q2 free cash flow1 €56m – Interim dividend declared, €0.10 per share • Strong progress on strategic topics – Spain rebrand – Bolt-on technology M&A in France – AI progres
Slide 3: Customer Portfolio, ARR and Adjusted EBIT growth
Customer Portfolio Annual Recurring Revenue (ARR) Adjusted EBIT +9.4% y/y +11.9% y/y +13.9% y/y New Installations Revenue Adjusted EBIT Margin +107 bps y/y +0.6% y/y +9.3% y/y Source: Company information. Notes: All y/y growth rates are in constant currencies. 3
Slide 4: +546k Customer Growth vs. Prior Year; LTM Attrition 7.4%
+546k Customer Growth vs. Prior Year LTM Attrition 7.4% (7.5% Q2 2026) Customer Portfolio (‘000) Attrition Rate (%) +9.4% 6,377 6,278 6,171 Verisure attrition corridor 8% 7.4 5,940 5,831 6% Q2 Q3 Q4 Q1 Q2 2025 2025 2025 2026 2026 2014 2016 2018 2020 2022 2024 2026 Q/Q Growth +109 +109 +231 +106 +100
Slide 5: Financial Review
Financial Review verisur e
Slide 6: Financial Headlines (€m)
Financial Headlines (€m) Quarterly YTD Q2 2026 Q2 2025 y/y y/y cc H1 2026 H1 2025 y/y y/y cc ARR 3,620 3,225 +12.2% +11.9% 3,620 3,225 +12.2% +11.9% ARR - Previous Definition1 3,689 3,262 +13.1% +12.0% 3,691 3,274 +12.7% +11.9% Revenue 1,024 928 +10.3% +9.3% 2,043 1,848 +10.6% +9.8% Adjusted EBITDA
Slide 7: ARPU, RMC and EPC
ARPU (€) RMC (€) EPC (€) +2.4% +1.2% +2.8% @ constant currency @ constant currency @ constant currency +3.4% 46.6 48.2 +3.8% 34.4 35.7 2.3% 12.2 12.5 Q2 Q2 Q2 Q2 Q2 Q2 2025 2026 2025 2026 2025 2026 Robust ARPU growth – pricing & upselling RMC 0.4% lower y/y excluding Mexico Highest ever monthly EPC
Slide 8: New Installations, Cost per Acquisition and Acquisition Multiple
New Installations (‘000) Cost per Acquisition (CPA) (€) Acquisition Multiple3 (x) +9.8% +6.7% +0.2x +0.1x +0.6% @ constant currency @ constant currency @ constant currency @ constant currency 217 219 +11.6% +8.5% +0.3x +0.1x 1,644 1,598 3.8x 3.6x 3.7x 1,474 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 2025 2026 2025 202
Slide 9: Positive FCF Delivered While Reinvesting in Accretive Customer Growth
Positive FCF Delivered While Reinvesting in Accretive Customer Growth Q2 2026 Cash Flow Bridge (€m) Customer Acquisition ~119k ~100k customers customers acquired to acquired to 214 offset attrition grow portfolio 557 (117) (8) €56m Free Cash Flow 199 delivered after €164m organic growth investment:
Slide 10: Cash inflection validated; first IG rating assigned
• Reduce WACD to 4.0% - 4.5% • Pro forma WACD3 at ~4.25% • €200-220m interest savings (2026 vs. 2024) • Tracking to high end of savings range • Reduce leverage to 2.5-2.75x by end-2026 • 2.7x at end Q2 • Lower Portfolio Reinvestment Rate1 • 57.3% in Q2 2026, from 58.5% in Q2 2025 • Well controlled c
Slide 11: Leverage within year-end 2026 guidance; pro forma WACD reduced
Leverage within year-end 2026 guidance Pro forma WACD reduced to ~4.25%3 Total Net Leverage1 (x) WACD2 (%) ~4.6% 5.4x 5.2x 5.0x 4.9x 4.9x 4.8x 4.5% 4.7x ~(0.2%) ~4.25% ~(0.2%) 2.9x 2.8x 4.0% 2.75x 2.7x 2.50x Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 2026 Post Period RCF/TLA/TLB Q2 2026 2024 2024 2024 2024 20
Slide 12: 2026 Outlook and Medium Term Guidance
2026 Outlook Medium Term Guidance Annual growth • ARR growth around 10% (excluding Mexico) ARR around 10% • Adjusted EBIT margin above 26% Up to 100 bps Total below ARR growth Revenue Total • Revenue Free Cash Flow positive Progressive margin • Interim Dividend paid in H2 2026 Adjusted Adjusted deve
Slide 13: Strategy Review
Strategy Review verisure
Slide 14: Consistent Strategic Execution
Consistent Strategic Execution 7.5% Industry Leading Attrition • High-quality customer intake • Attractive unit economics; long-term value creation • Delivering robust growth, margin expansion and cash-flow €35.7 EBITDA per Customer Highest ever EPC Stable, low attrition1 15 yrs Customer Lifetime So
Slide 15: End-to-End Competitive Advantage
End-to-End Competitive Advantage • Spain rebrand launched in April • >70% of digital leads already generated from Verisure brand • Investment envelope in line with guidance Source: Company information. Notes: Brand awareness and digital marketing leads data apply to June 2026. 15
Slide 16: Digital building access, Manaus assembly, cost transformation
• Digital building access (intercom) • Manaus assembly opened • Next phase of cost transformation • High growth, accretive unit economics • Shortening supply chains • Sustainable, quality savings • Market acceleration & apartment • Working capital improvement & • AI key enabler penetration opportuni
Slide 17: AI-enabled human verification filtering of alarms
Alarms triggered in Q2 AI-enabled human verification filtering Incidents requiring on-site assistance Source: Company information. 17
Slide 18: Key Takeaways
Key Takeaways • Strong Q2 performance – Robust growth, margin expansion, free cash positive • New phase of shareholder returns – Interim dividend declared, 35% payout ratio • Reaffirm 2026 guidance – ARR growth ~10%, Adjusted EBIT margin >26%, free cash positive Source: Company information. 18
Slide 19: Thank You
Thank You 19
Slide 20: Appendix
Appendix @ verisure
Slide 21: Quarterly and Half Year Summary P&L (€m)
Quarterly Summary P&L (€m) Half Year Summary P&L (€m) Q2 2026 Q2 2025 H1 2026 H1 2025 Revenue 1,023.6 927.9 Revenue 2,043.0 1,847.7 Adjusted EBITDA 467.7 426.0 Adjusted EBITDA 939.9 844.8 D&A and Asset Retirements1 (198.9) (190.0) D&A and Asset Retirements1 (394.1) (378.2) Adjusted EBIT 268.8 236.0
Slide 22: Assets and Equity and Liabilities (€m)
Assets (€m) Equity and Liabilities (€m) Jun26 Jun25 Jun26 Jun25 Property, Plant and Equipment 1,764.3 1,631.8 Total Equity 8,913.5 5,823.7 Right of Use Assets 211.1 203.2 Long-term Borrowings 3,913.0 7,721.5 Goodwill 7,722.6 7,604.3 Derivatives 8.6 26.3 Customer Portfolio 3,947.1 4,052.2 Deferred Ta
Slide 23: Quarterly and Half Year Summary Cash Flow Statement (€m)
Quarterly Summary Cash Flow Statement (€m) Half Year Summary Cash Flow Statement (€m) Q2 2026 Q2 2025 H1 2026 H1 2025 CF from Operating Activities Before Δ in WC 406.8 381.0 CF from Operating Activities Before Δ in WC 859.8 772.6 CF from Δ in WC (7.7) (82.9) CF from Δ in WC (56.1) (140.5) CF from Op
Slide 24: Free Cash Flow Reconciliation (€m)
Free Cash Flow Reconciliation (€m) Q2 2026 H1 2026 Q2 2026 H1 2026 Adjusted EBIT 268.8 545.8 Free Cash Flow4 56.2 95.3 D&A and Asset Retirements 198.9 394.1 M&A and Other Investing Activities5 0.9 17.2 Customer Acquisition Adjusted EBITDA 214.0 410.3 Cash Flow before Changes in Borrowings 57.1 112.5
Slide 25: Disclaimer
This presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue, or the solicitation of an offer to purchase, subscribe to or acquire our securities, or an inducement to enter into investment activity in any jurisdiction in which such offer, solicitat