Komplett Asa · OSL:KOMPL
Komplett Asa — Q1 2025 Earnings Presentation
23 slides from Komplett Asa's earnings presentation, 2025
Slide 1: Komplett Group
i KOMPLETT’GROUP
Slide 2: Disclaimer
| Disclaimer This presentation has been prepared by Komplett ASA (the Company’) solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This presentation includes forward-looking statements which are based on our
Slide 3: Highlights, Operational update, Financial performance and outlook, Appendix
Highlights Operational Financial Summary Appendix for 01-25 update performance and outlook @ komptett’cRour
Slide 4: Highlights for Q1-25
Highlights for 01-25 Jaan lvar Semlitsch, CEO
Slide 5: Q1-25 Highlights
01-25 Highlights Improvements in key markets YoY growth in per cent Market! YoY growth in per cent | , — Market’ a — on Shift YoY in Shift oF in Shift YoY in Easter oldays Black-Week Ensterholdays s KOMPLETT’GROUP * Progress across key markets in Norway and Sweden - Gradual recovery reflected in key
Slide 6: Q1-25 Key financials
01-25 Key financials Gradual progress in 01-25 Operating revenue: Gross margin: NOK3370 million 15.0 percent Q1-24: NOK 3 245 million Q1-24: 15.0 per cent 3.8 per cent revenue growth Operating expenses managed and stable gross margin effectively resulting ina stable Opex share incl. depreciation: EB
Slide 7: Operational update
Operational update Jaan lvar Semlitsch, CEO
Slide 8: Komplett
Komplett Efficiency measures and organisational changes initiated KOMPLETT* Strong momentum from expanded supplier range and product offering Good recruitment to the B2B loyalty programme, with strengthened sales resources for large accounts Cost programme implemented, including workforce reductions
Slide 9: Webhallen
Webhallen Warehouse consolidation plan to increase efficiency eer iwebhallen eee Continuous upgrades of store concepts, including recent Solna relocation Two Stockholm warehouses to be consolidated into NetOnNet's central logistics centre in Boras Consolidation includes all logistics and return hand
Slide 10: NetOnNet
NetOnNet Store expansion progressing according to plan net@net New store successfully opened in Trondheim in March 2025 Commercial IT upgrade launched in Q1 with improved customer journey Repositioning of brand profile and pricing Expanded private label portfolio well received, with potential to fur
Slide 11: Financial performance
O35 Financial performance Thomas Rokke, CFO
Slide 12: Key financials
Key financials Improved sales and stable margins Revenue 3.245 3370 * 01-24 Q1-25 Operating expenses (adj.) 433 443 01-24 Q1-25 s KOMPLETT’GROUP Gross profit 488 504 01-24 Q1-25 EBIT (adj.) -40 1-24 or25 Improved market dynamics and new product launches resulted in 3.8 per cent sales growth - Limite
Slide 13: B2C: Improving underlying markets
B2C Improving underlying markets 3677 Il Revenue(NOK million) @ Gross margin(%) 2543 2265 2392 2343 Q1-24 02-24 03-24 04-24 Q1-25 Ml _EBIT (NOK million) @ EBIT margin (%) =e -38 -28 Q1-24 02-24 03-24 04-24 Q1-25 net@net © komptett’ s KOMPLETT’GROUP Revenue increase of 3.4 per cent YoY (+1.6 per cent
Slide 14: B2B: Stable performance
B2B Stable performance aly 422 366 351 330 Q1-24 02-24 03-24 04-24 01-25 v7 19 Q1-24 02-24 03-24 04-24 Q-25 @kompcert IRONSTO s KOMPLETT’GROUP Il Revenue(NOK million) @ Gross margin (%) I _EBIT (NOK million) @ EBIT margin (%) . Revenue increase of 4.4 per cent (+4.1 per cent LFL) - Growth largely dr
Slide 15: Distribution
Distribution Revenue and profitability growth 795 786 IM Revenue(NOK million) © Gross margin(%) 696 630 660 Q1-24 02-24 03-24 04-24 Q1-25 Hl _EBIT (NOK million) @ EBIT margin (%) O24 02-24 03-24 424 O25 @itegra s KOMPLETT’GROUP Revenue increase of 4.9 cent (+4.7 per cent LFL) - Revenue increase of +
Slide 16: Cash flow and working capital
Cash flow and working capital Net working capital reflecting improved commercial terms Cash flow Net cash flow from operating activities Net cash used in investing activities Net cash used in financing activities Net change in cash and cash equivalents Net working capital Inventory Trade receivables
Slide 17: Financial position
Financial position Continued solid liquidity Liquidity reserve Net interest-bearing debt 1251 re 1478 Q1-24 Q1-25 Q1-24 1-25 Leverage ratio 3.9x 3.3K 3.4x 3.0x 2.5x Q1-24 02-24 03-24 04-24 1-25 NIBD/LTM EBITDA s KOMPLETT’GROUP Continued strong liquidity reserve of NOK 1.3bn - Structurally improved t
Slide 18: Summary and outlook
Summary and outlook Jaan lvar Semlitsch, CEO
Slide 19: Key takeaways
Key takeaways Continued progress but cost management still required ® s KOMPLETT’GROUP Sales growth with stable margin performance driven by improved market and innovation environment Continued focus on strategic initiatives, yielding positive margin effects in selected categories and private label
Slide 20: Outlook
Outlook Positive outlook remains but increased global uncertainty KOMPLETT’GROUP More supportive market conditions, reflecting an improving economic situation for households and recovering pace of innovations New product launches expected to have an increasing positive impact on sales into 2025, esp
Slide 21: Appendix
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Slide 22: Alternative Performance Measures (APMs)
Alternative Performance Measures (APMs) “scsotinesantal Sanisnameteamageengetnagametaetaeet usu onpeparstnaenseouae secsnlinton cennne omaliomtyas iasguegmenr st ‘omit seins turers! eo emergent aces eter ges een es ree pro: etal pring vou les oto god sl The pois a preeted ton stink we oho a ees tne
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