Norsk Titanium As · OSL:NTI

Norsk Titanium As — H1 2026 Earnings Presentation

14 slides from Norsk Titanium As's earnings presentation, Aug 19, 2026

  1. Slide 1: 2026 first half presentation

    2026 first half presentation 19 August 2026

  2. Slide 2: H1 2026 Key Highlights

    H1 2026 Key Highlights Financial: • Revenue and other income of USD 2.9m, up 38% year-over-year • Average monthly cash burn of USD 2.1m, down 28% year-over-year • Cash balance of USD 19.6m on 30 June, with proforma cash balance of ~USD 35m1 including private placement and subsequent offering Operati

  3. Slide 3: Delivering on the Strategy Introduced in February

    Delivering on the Strategy Introduced in February From engineering-led innovation to accountable commercial execution Core OEM Programs Short-Cycle Sales RPD® Ecosystem  Convert qualified aerospace and defense  Diversify and generate nearer-term revenue  Embed RPD® in customer production systems

  4. Slide 4: Strengthened Technology and Qualification Platform

    Strengthened Technology and Qualification Platform Supporting broader program penetration and scaled adoption MMPDS publication Nadcap accreditation Safran Supplier Innovation Award Metallic Materials Properties National Aerospace and Defense Development and Standardization Contractors Accreditation

  5. Slide 5: Core OEMs Aerostructures: Increasing Serial Production Volume and continued work with Major OEMs

    Core OEMs Aerostructures: Increasing Serial Production Volume and continued work with Major OEMs Serial production and order pipeline • Increasing parts volumes at Airbus, Boeing, Leonardo, and other undisclosed OEMs • A350 Lower Frame Fitting received FAA certification, complementing EASA certifica

  6. Slide 6: Core OEMs - Defense: Qualifications Converting into Production

    Core OEMs - Defense: Qualifications Converting into Production and Defined Paths Toward Larger-scale Adoption Qualifications converting into production Funded development for submarine applications High volume Defense Systems Replenishment DIB-EDGE Undisclosed Defense Prime INITIATIVE  First serial

  7. Slide 7: Short-Cycle Industrial Markets: Expanded Semiconductor Collaboration with Hittech

    Short-Cycle Industrial Markets: Expanded Semiconductor Collaboration with Hittech and Broader Industrial Pipeline Building The proof point Proven RPD® platform enables short-cycle roadmaps titanium carrier trays  AMS 7004/7005, SAE specifications, published in MMPDS  Aerospace-grade qualification

  8. Slide 8: RPD Ecosystem: First RPD Machine Deployment Advancing at Airbus' Varel Facility

    RPD® Ecosystem: First RPD® Machine Deployment Advancing at Airbus’ Varel Facility Defining a scalable commercial model for future OEM deployments Embedding RPD® technology directly into Airbus’ Enabling DED1 adoption across Airbus programs manufacturing processes  First RPD® machine deployed to Air

  9. Slide 9: Financial Review – Income Statement

    Financial Review – Income Statement Condensed income statement (USD millions) Commentary 1H’26 1H’25 • Revenue and other income in H1 2026 increased to USD 2.9m, representing a year-over-year growth of 38% Revenue 2.8 2.0 − Serial production was USD 1.1m, compared with USD 0.9m in Other income 0.1 0

  10. Slide 10: Financial Review – Cash Flow

    Financial Review – Cash Flow First half 2026 cash flow (USD millions) Commentary Proforma Cash • Operating cash outflow of USD 11.8m, down from USD 16.8m in ~15 ~35 1H’25 • Net financing inflow of USD 11.8 million included settlement of approximately USD 13.2 million from Tranche 1 of the USD 27.3m

  11. Slide 11: Uniquely Positioned to Convert Demand to Profitable Growth

    Uniquely Positioned to Convert Demand to Profitable Growth Targeting 30% EBITDA-margin when operating at scale Long-term revenue and profitability roadmap Key drivers: Revenue (USDm) EBITDA (USDm) Strong demand drivers in aerospace, Full utilization of current defense, and semiconductors capacity Si

  12. Slide 12: Summary and Outlook

    Summary and Outlook • Strategy translating into customer commitments, production and clearer revenue pathways, with progress delivered across all three key value drivers • Demonstrating revenue growth and reduction in cash burn with improved cost discipline • Qualification platform strengthened thro

  13. Slide 13: Norsk Titanium

    Norsk Titanium >USD 500m ~USD 160m invested* market cap 35 machines Parts supplier RPD 700 tons capacity direct replacement USD 300m 200+ patents revenue capacity granted US & Norway 125+ locations employees Material specification 3 markets qualified presence 13 Norsk Titanium AS © 2026 * >USD 400m

  14. Slide 14: Q&A

    Q&A

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