Slide 1: Company presentation BEVEST Q2 2026
Company presentation BEVEST Q2 2026
Slide 2: Table of contents
Table of contents 1 Introduction 2 Company overview 3 Outlook 2
Slide 3: BEVEST is a long-term, hands-on investor with a high-quality asset portfolio
BEVEST is a long-term, hands-on investor with a high-quality asset portfolio ensuring a conservative LTV BEVEST in brief High quality asset portfolio(1) ▪ BEVEST was established in 2017 as the Bekken family’s private investment arm to hold and grow their portfolio assets Industrials Seafood Real est
Slide 4: Value creation through active ownership and disciplined capital allocation
Value creation through active ownership and disciplined capital allocation BEVEST’s platform drives additional value creation Distinct value creation levers BEVEST is built to identify, create, and realise value in and through the following value creation levers: 1 Active ownership: Creating value t
Slide 5: Q2 trading update and subsequent events
Q2 trading update and subsequent events ▪ Successful listing of BEVEST ASA, with the first day of trading on 27 Net asset value composition NOK million April 2026, following the completion of the reverse takeover merger BEWI ASA1 2,616.3 with KMC Properties ASA on 24 April 2026. Seafood Investment A
Slide 6: Table of contents
Table of contents 1 Introduction 2 Company overview 3 Outlook 6
Slide 7: BEVEST has developed from a local producer to a European provider and consolidator
BEVEST has developed from a local producer to a European provider and consolidator, building on ~45 years of industrial experience 2026 2025 2024 2023 Merger between BEVEST Successful placement of and KMC Properties to a NOK 1bn 3.25-year list on Oslo Børs 2020 Value realization through senior secur
Slide 8: An integrated investment ecosystem across industry, seafood and real estate
An integrated investment ecosystem across industry, seafood and real estate - offering exposure across growth sectors and megatrends Investment philosophy centred around: ✓ Sustainable value creation through family-rooted ownership and active involvement Sustainable materials and ✓ Long-term secular
Slide 9: BEWI ASA – a strong European platform from ~45 years of development
BEWI ASA – a strong European platform from ~45 years of development BEWI ASA in brief Integrated, flexible and circular value chain, positioned towards global structural megatrends Strong European platform from ~45 years of business development ▪ Competitive advantage from integrated and circular va
Slide 10: Sinkaberg is a privately held salmon farmer, operating in prime farming locations
Sinkaberg is a privately held salmon farmer, operating in prime farming locations Sinkaberg in brief Key highlights Kt, HOG Harvest volume NOK EBIT/kg Own licenses Sinkaberg is an integrated salmon farmer with operations in Operated 23.2 Nærøysund, Bindal, Brønnøy and Herøy. The head office and proc
Slide 11: Corvus Estate – a real estate focused platform with a disciplined investment strategy
Corvus Estate – a real estate focused platform with a disciplined investment strategy Corvus Estate in brief BEVEST is an experienced real estate investor Corvus Estate is a well-established real estate portfolio KMCP case study and a platform for owning and developing assets, and consolidating port
Slide 12: BEVEST has a clear portfolio strategy that is divided into three main groups
BEVEST has a clear portfolio strategy that is divided into three main groups M&A platform Long-term core Specialist companies companies portfolio Portfolio companies Key • Strong secular trends • Growth focus • Strategic ownership characteristics • Long-term competitive advantage • Consolidation dri
Slide 13: Family-rooted ownership built on active involvement and extensive experience
Family-rooted ownership built on active involvement and extensive experience Family-rooted ownership Investment enabler Long-term perspective since-1980 1980 2014 Strategic development • Extensive industry expertise, founded • Executed 40 M&A transactions, • Maintaining a long-term perspective in BE
Slide 14: Highly experienced management team and board leveraging decades of industrial experience
Highly experienced management team and board leveraging decades of industrial experience Key personnel for the merged company Board for the merged company Bjørnar Andrè Ulstein Bård Skogstad Gunnar Syvertsen Lisa Lockert Bekken Karl-Erik Bekken CEO CFO Chairman of Board Director of the Board Directo
Slide 15: Table of contents
Table of contents 1 Introduction 2 Company overview 3 Outlook 15
Slide 16: Create long-term value for shareholders by growing NAV and cash flow
Create long-term value for shareholders by growing NAV and cash flow Conservative LTV Distributions Conservative net loan to value level to preserve a solid Dividend payout target of balance sheet and increase 2-5% of value adjusted the financial robustness equity per year 15% - 25% 2% - 5% 16
Slide 17: Outlook: Strong portfolio momentum and clear priorities
Outlook: Strong portfolio momentum and clear priorities BEWI ASA’s strengthened financial position and improving cash generation provide increased capital 1 allocation flexibility, with BEVEST supporting a clear and disciplined approach to shareholder distributions, growth investments and M&A Sinkab
Slide 18: Appendix
Appendix BLVEST
Slide 19: Overview of the merger
Overview of the merger Summary of the KMC Properties & BEVEST merger Key transaction considerations Existing ownership of KMCP and BEVEST pre-merger Ownership post merger ▪ Following the sale of its portfolio to Logistea, KMCP remained a single-purpose listed vehicle with limited assets and activity
Slide 20: BcVEST
BcVEST