Verisure Plc · OMXSTO:VSURE
Verisure — Q3 2026 Earnings Presentation
22 slides from Verisure's earnings presentation, Nov 3, 2026
Slide 1: Verisure Q3 2026 Results
Verisure Q3 2026 Results 3rd November 2026
Slide 2: Quality growth, strong margin expansion and cash generation
• Quality growth, strong margin expansion and cash generation – ARR €3,712m, +11.8% y/y (o/w around 2pp Mexico) – Adjusted EBIT €285m, margin 27.7% – Free cash flow1 €59m • FY 2026 outlook2 – ARR growth of 9.0% to 9.5% – Adjusted EBIT margin around 26.5% – Free cash flow1 of around €200m • Capital a
Slide 3: Q3 headline KPIs: customer portfolio, ARR, Adjusted EBIT
Customer Portfolio Annual Recurring Revenue (ARR) Adjusted EBIT +9.0% y/y +11.8% y/y +13.9% y/y New Installations Revenue Adjusted EBIT Margin +116 bps y/y +0.1% y/y +9.2% y/y Source: Company information. Notes: All y/y growth rates are in constant currencies. 3
Slide 4: Customer growth and LTM attrition
+534k Customer Growth vs. Prior Year LTM Attrition 7.5% (7.3% Q3 2026) Customer Portfolio (‘000) Attrition Rate (%) 6,474 6,377 6,278 Verisure attrition corridor 6,171 8% 7.5 5,940 6% Q3 Q4 Q1 Q2 Q3 2025 2025 2026 2026 2026 2014 2016 2018 2020 2022 2024 2026 Q/Q Growth +109 +231 +106 +100 +97 LTM At
Slide 5: Financial Review
Financial Review verisur e
Slide 6: Financial Headlines (€m)
Financial Headlines (€m) Quarterly YTD Q3 2026 Q3 2025 y/y y/y cc 9m 2026 9m 2025 y/y y/y cc ARR 3,712 3,297 +12.6% +11.8% 3,712 3,297 +12.6% +11.8% ARR - Previous Definition1 3,738 3,292 +13.6% +12.2% 3,744 3,321 +12.7% +11.8% Revenue 1,031 933 +10.5% +9.2% 3,074 2,781 +10.5% +9.6% Adjusted EBITDA
Slide 7: ARPU, RMC and EPC
ARPU (€) RMC (€) EPC (€) +3.0% +3.5% +2.8% @ constant currency @ constant currency @ constant currency +4.2% 48.1 46.2 +4.0% 34.4 35.8 4.9% 11.8 12.3 Q3 Q3 Q3 Q3 Q3 Q3 2025 2026 2025 2026 2025 2026 Attractive ARPU growth RMC well controlled Highest ever monthly EPC Source: Company information. Notes
Slide 8: New Installations, Cost per Acquisition and Acquisition Multiple
New Installations (‘000) Cost per Acquisition (CPA) (€) Acquisition Multiple3 (x) +9.2% +7.0% +0.3x +0.2x +0.1% @ constant currency @ constant currency @ constant currency @ constant currency 214 215 +11.6% +9.4% +0.3x +0.2x 1,658 1,625 3.9x 3.8x 1,486 3.6x Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 2025 2026 2025 202
Slide 9: Positive FCF Delivered While Reinvesting in Accretive Customer Growth
Positive FCF Delivered While Reinvesting in Accretive Customer Growth Q3 2026 Cash Flow Bridge (€m) Free Cash Flow4 (€m) Customer Acquisition ~97k 59 154 ~118k 56 customers 39 customers acquired to acquired to 207 grow portfolio Q1 Q2 Q3 YTD offset attrition (116) 515 203 (64) €59m Free Cash Flow de
Slide 10: Leverage Within Year-end 2026 Guidance
Leverage Within Year-end 2026 Guidance Looking Ahead… Total Net Leverage1 (x) • Cash inflection validated, YTD FCF2 €154m 5.4x – Strong progress in operating cash flow 5.2x 5.0x 4.9x 4.9x 4.8x 4.7x – Working capital improvement programme – Lower financing costs; Q3 WACD3 ~4.3% 2.9x 2.8x 2.75x 2.7x 2
Slide 11: Strategy Review
Strategy Review verisure
Slide 12: Culture & Talent
Culture & Talent Source: Company information. 12
Slide 13: Self-reinforcing Growth Model Delivering Attractive Long-term Returns
Self-reinforcing Growth Model Delivering Attractive Long-term Returns Reinvest in Growth ARPU Portfolio EBITDA Margin Shareholder Quality +3% y/y Underpinned by expanding EPC Returns Customer Intake Annualised Q3 Attrition Customer Lifetime Industry-leading retention High customer lifetime value Str
Slide 14: Ting Labs fire protection, partnership sales, cost programme
• New fire protection with Ting LabsTM • Accelerating partnership sales • Ambitious cost programme • KivalaTM integrated and launched • 23 alliances now active • Broad scope • GuardVisionTM Outdoor launched in • Delivering lower-than-average CPA • Using AI to re-imagine processes 12 markets Source:
Slide 15: Key Takeaways
Key Takeaways • Q3 delivered record profitability, margins and cash generation – Portfolio up 9% to ~6.5m customers – Excellent margin progression • Formula for value creation unchanged – Quality customer intake our core operating principle • Capital allocation plans on track – Approaching 2.5x leve
Slide 16: Thank you
Thank you Thank you Thank you
Slide 17: Appendix
Appendix @ verisure
Slide 18: Quarterly and YTD Summary P&L (€m)
Quarterly Summary P&L (€m) YTD Summary P&L (€m) Q3 2026 Q3 2025 9m 2026 9m 2025 Revenue 1,030.8 933.0 Revenue 3,073.7 2,780.7 Adjusted EBITDA 488.6 442.6 Adjusted EBITDA 1,428.5 1,287.4 D&A and Asset Retirements1 (203.5) (192.3) D&A and Asset Retirements1 (597.6) (570.5) Adjusted EBIT 285.1 250.3 Ad
Slide 19: Assets and Equity and Liabilities (€m)
Assets (€m) Equity and Liabilities (€m) Sep26 Sep25 Sep26 Sep25 Property, Plant and Equipment 1,775.5 1,648.8 Total Equity 8,874.5 5,805.2 Right of Use Assets 214.9 203.1 Long-term Borrowings 4,976.7 6,954.2 Goodwill 7,711.1 7,618.5 Derivatives - 21.0 Customer Portfolio 3,870.1 3,994.7 Deferred Tax
Slide 20: Quarterly and YTD Cash Flow Statement (€m)
Quarterly Summary Cash Flow Statement (€m) YTD Cash Flow Statement (€m) Q3 2026 Q3 2025 9m 2026 9m 2025 CF from Operating Activities Before Δ in WC 457.7 378.5 CF from Operating Activities Before Δ in WC 1,317.5 1,151.0 CF from Δ in WC (64.3) (20.3) CF from Δ in WC (120.3) (160.7) CF from Operating
Slide 21: Free Cash Flow Reconciliation (€m)
Free Cash Flow Reconciliation (€m) Q3 2026 9m 2026 Q3 2026 9m 2026 Adjusted EBIT 285.1 830.9 Free Cash Flow4 58.6 153.9 D&A and Asset Retirements 203.5 597.6 Shareholder Distributions (103.1) (103.1) Customer Acquisition Adjusted EBITDA 206.8 617.1 M&A and Other Investing Activities5 (2.6) 14.5 Port
Slide 22: 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