Norconsult Asa · OSL:NORCO
Norconsult Asa — DNB Carnegie Small & Medium Enterprises Conference, March 2026
16 slides from Norconsult Asa's conference presentation, March 2026
Slide 1: Norconsult company presentation
Photo: Herman Dreyer Utbygging Drammen – Kobberviken UDK – Drammen station, Norway Norconsult company presentation Dag Fladby, CFO DNB Carnegie Small & Medium Enterprises Conference, March 2026
Slide 2: Disclaimer
Disclaimer Not for general release, publication or distribution, directly or indirectly in Australia, Canada, Japan, the United States or to US persons or in any other jurisdiction where such distribution would constitute a violation of the relevant laws or regulations of such jurisdiction. This rep
Slide 3: Norconsult – Every day we improve everyday life
Norconsult – Every day we improve everyday life A local partner, leveraging our size and reach… ...with solid financials1) Founded in 1929 10.1 9.2 8.5 7.5 6.6 ~ 7 200 6.1 5.5 4.7 8% 8% 10% 10% 10% 10% 10% 9% Employees Q4 2025 2018 2019 2020 2021 2022 2023 2024 2025 ~ 140 Adj EBITA margin Net revenu
Slide 4: Strengthened position in the Nordics
Strengthened position in the Nordics The largest inter- Top four of the largest Top 12 in the #1 disciplinary consultancy firm in Norway1) #4 consultancies in the Nordics 1) #12 European marketspace 2) 1) Annual reports 2024 , gross revenue 2024 converted to NOK with exchange rates DKK:1.54 SEK: 1.0
Slide 5: Professional service offerings to the building and construction market
Professional service offerings to the building and construction market Offering Project management Architecture Engineering and digital solutions Form, function, experience Structures, systems, complexity Scope, schedule, productivity Project lifecycle 1. Planning 2. Design and engineering 3.Project
Slide 6: Regjeringskvartalet, Norway
Fellesprosjektet Arna-Stanghelle, Norway Crucahan hydro power plant, Scotland Regjeringskvartalet, Norway New Sotra bridge, Norway 6
Slide 7: Delivery model balancing unmatched local presence with knowledge hubs
Delivery model balancing unmatched local presence with knowledge hubs Unique local presence through ~140 offices combined with network expertise and cross border collaboration1) Local presence Local networks, in-depth local knowledge and local “footprint” Knowledge hubs 70% of >NOK 3m Strong knowled
Slide 8: Robust business model ensuring stable margins
Robust business model ensuring stable margins Risk diversified Time & material Attractive across ~35k assignments1) typical contract form1) economic attributes Top 50 projects Other Cost-plus model with low-risk contracts priced on accrued hours ~80% time & material of operating revenue Index-regula
Slide 9: Technology and artificial intelligence
Technology and artificial intelligence – Digital expertise developed over decades is an enabler to sophisticated use of AI in advanced construction projects – The promise of AI benefits increase the demand for Norconsult’s digitalization expertise – Norconsult develops its own AI tools, implements A
Slide 10: Attracting, developing and retaining the best talent and competency
Attracting, developing and retaining the best talent and competency Winning recipe for attracting… …developing… ...and retaining talent No. group employees1) The basis of everything we do Reported employee churn 7 200 6 300 6 500 12.5% 5 500 Our Our customer 5 100 10.4% values promise 4 300 4 600 3
Slide 11: Consistent performance - robust financial track record
Consistent performance - robust financial track record Strong growth over a decade with 10% net revenue CAGR Consistent adj. EBITA margin of ~10%1) NOKm NOKm 10 103 944 9 186 879 8 494 810 733 7 513 6 593 610 628 6 146 5 516 465 4 691 4 078 390 3 738 346 3 412 3 514 304 319 316 9% 9% 10% 10% 10% 10%
Slide 12: Revenue growth through balanced organic growth and acquisitions
Revenue growth through balanced organic growth and acquisitions Strong organic growth 11% 10% 10% Growth target 6% 7% 6% 2/3 Organic growth 5% 2% 1/3 M&A 2022 2023 2024 2025 Norconsult Publically listed peers1) 12 1) Multiconsult, Afry, Sweco
Slide 13: Successful M&A is a core part of Norconsult's business model
Successful M&A is a core part of Norconsult’s business model Strong M&A track record Number of acquisitions | 2014 - 2025 Selected acquisitions from 2023 – 2025 3 3 Norwegian engineering Category: Civ. Eng. 4 consultancy, strong in FTEs: 221 5 Norwegian infrastructure 11 Danish engineering Category:
Slide 14: Continue Pan-Nordic M&A execution
Continue Pan-Nordic M&A execution Solid growth potential outside Norway Main markets M&A strategies for growth Strengthen No. 1 position in Norway Focus on bolt-on’s that complement competence and capacity. Niches Strengthen position as a customer-oriented challenger Acquire niche competency Expand
Slide 15: Norconsult is a leading multidisciplinary consultancy
Norconsult is a leading multidisciplinary consultancy Market leader with a strong position Leading Nordic multidisciplinary consultancy with ~100-year track record and a strong local footprint Robust business model Ambition Asset-light and diversified project portfolio with recurring public/private
Slide 16: Every day we improve everyday life
Every day we improve everyday life This document has been prepared by Norconsult ASA as part of the assignment that the document relates to. The copyright of this document is owned by Norconsult ASA. The document may only be used for the purpose described in the assignment agreement and must not be
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