Slide 1: Investor Presentation 1st half year 2025
Continued double-digit increase: ► Order intake +35.6% ► Orders on hand +23.0% ► Revenues +14.8% Investor Presentation 1st half year 2025 12 August 2025
Slide 2: Highlights H1 2025
Highlights H1 2025 Order intake Orders on hand Revenues Strong growth in order intake and revenues €309.0m €763.8m €236.8m +35.6% vs. H1’24 +23.0% vs. H1’24 +14.8% vs. H1’24 Orders on hand ensure Entirely organic good capacity utilisation growth EBIT shows usual seasonality EBITDA Equity ratio Net c
Slide 3: Order intake: selected highlights
Order intake: selected highlights Air Traffic Management Public Safety Public Safety ATM Civil: Additional orders for Integrated operations and control Delivery of a new communication air-to-ground protocol converter centre system for the Thuringian solution for all Norwegian fire system in US
Slide 4: Order intake and orders on hand
Order intake = confirmed orders Orders on hand H1 2024: 64% ATM, 36% PST H1 2024: 64% ATM, 36% PST H1 2025: 52% ATM, 48% PST H1 2025: 57% ATM, 43% PST 309 764 621 228 149 547 331 208 498 453 243 161 82 203 157 75 178 161 40 43 161 378 432 133 146 320 344 117 118 292 H1 H1 H1 H1 H1 June June June Jun
Slide 5: Revenues and revenue split in H1 2025
Revenues Revenue split in H1 2025 H1 2024: 70% ATM, 30% PST H1 2025: 70% ATM, 30% PST 237 206 187 72 167 61 30% 145 64 54 56 70% 165 145 113 123 89 H1 H1 H1 H1 H1 2021 2022 2023 2024 2025 Public Safety & Transport (PST) Air Traffic Management (ATM) in € m 5 | Investor Presentation H1 2025 © Frequent
Slide 6: Stable business model fosters growth; revenues by region
Revenues by region Revenue split 144 Stable business model fosters growth Australia/ 131 Pacific/Africa Low cyclical exposure H1 2025 54 Asia 7% >90% government 9% customers H1 2024 7% 12% Strong European 36 home market 17% Americas 23% 64% 24 61% 21 18 15 Europe Australia / Asia Americas Eu
Slide 7: EBITDA and EBIT
EBITDA EBIT Comments in € m EBITDA and EBIT typically show strong seasonality Half-year results typically negative: order intake and 54.1 project acceptance and 46.5 45.6 therefore revenues and profits 44.2 are higher in second half 32.1 29.0 26.6 25.0 Fluctuation of US dollar: Exchange rate l
Slide 8: Outlook and management agenda for 2025
Outlook and management agenda for 2025 Aim to Orders increase Aim to order intake EBIT margin on hand in the low increase of about €764m double-digit revenues by 6.5 - 7.0% 30 June ’25 percentage at least 10% range Good basis for revenues for Capex of about €12m. full year 2025 and beyond. Company-f
Slide 9: Financial appendix
Financial appendix
Slide 10: Components of working capital
Components of working capital Comments Net working capital in Inventories in H1’2025 17.8% 18.8% 20.5% 21.9% 21.4% % of LTM (last twelve mainly higher due to an months) revenues increase in unfinished goods in € m 109.5 for a major project for a 91.8 105.4 42.6 Inventories customer in North Americ
Slide 11: Split by category and revenue type
Split by category Split by revenue type 2024 3% 3% <10% 3% 2023 >35% 41% 36% ~20% 61% 56% 30% Follow-on business for installed In-project services systems and solutions Maintenance (IBB/installed base business) Software New products for established customers and exisiting products Hardware for new c
Slide 12: Revenues and EBIT margin development
Revenues and EBIT margin development Group Air Traffic Management Public Safety & Transport 480 427 386 334 338 304 299 293 258 211 220 203 8.7% 9.0% 7.2% 134 142 6.2% 6.7% 128 114 5.7% 6.5% 5.3% 92 96 5.7% 14.6% 11.7% 12.4% 4.9% 4.0% 12.7% 10.0% 27 29 27 32 3.4% 17 25 15 18 7.5% 17 15 17 14 10 12 1
Slide 13: Earnings data
All figures in € m unless otherwise stated. Earnings data 2024 2023 +/- in % +/- in €m 2022 2021 2020 20191) 2018 2017 2016 2015 2014 2013 Revenues 480.3 427.5 +12.4% 52.8 386.0 333.5 299.4 303.6 285.8 266.9 241.2 220.2 204.0 186.3 EBITDA 54.1 44.2 +22.5% 10.0 45.6 46.5 41.9 30.2 21.6 20.0 17.7 16.6
Slide 14: Customers increase investment in infrastructure and defence
Customers increase investment in infrastructure and defence Investment in Defence: Defence orders from infrastructure changed circumstances around the globe Frequentis is part of national Increasing investment in military USA: Remote Digital Tower safety-critical infrastructures security: addi
Slide 15: Highlights drones
Highlights drones Automated remote Digitalisation of Friend / enemy detection drone operation drone traffic for drone defence Innovation project for inspection Automated and digital Project for integration of drones flights and incident support for implementation of drones into military airspa
Slide 16: Consistent M&A strategy: Expansion of product and technology portfolio
Consistent M&A strategy: Expansion of product and technology portfolio 6 years listed on the stock exchange: 10 acquisitions ATRiCS Nemergent Orthogon ATC C4i Regola Aviamaps FRAFOS GuardREC Groiss Germany ATC Informatics Spain Germany Canada Australia Italy Finland Germany Norway Austria ATM PST AT
Slide 17: Reasons to invest in Frequentis
Reasons to invest in Frequentis Growing faster Largely Growth drivers than the market independent fully intact of macroeconomic trends Av. 9.6% revenue growth Stability Security in the past 5 years for decades Mobility Av. 4-5% market growth Technology 17 | Investor Presentation H1 2025 © Frequentis
Slide 18: Growth of about 15% per year
Automated control Growth of about Standardised airspace Information systems system for rescue Friend / enemy management for for all participants detection 15% per year air traffic control in the airspace missions and inspection flights for drone defence Total drone market in Europe, including hard
Slide 19: Financial policy framework
Financial policy framework Maintain net cash Equity ratio Capex of about Company-funded position at a of > 35% €12m in 2025 R&D expenses minimum level of (2024: €10.1m) in 2025 at same about 10% of level as 2024 Group revenues with €30.1m 19 | Investor Presentation H1 2025 © Frequentis AG 2025
Slide 20: About us appendix
About us appendix
Slide 21: We are the only company focusing solely on safety-critical control centres
We are the only company focusing solely on safety-critical control centres Air Traffic Management Public Safety and Transport Civil Defence Public Safety Public Transport Maritime Air navigation service Air force Police forces Heavy rail Coast guard / navy providers Army Fire services Urban rail Off
Slide 22: Vision: #1 in control centre solutions through innovations
Vision: #1 in control centre solutions through innovations Drone management 5G-based critical comms AI-assistance systems R&D Future comms and about 6%1 tower infrastructure €3.2bn €13.1bn addressable total market size market today Cloud solutions New deployment Software-as-a-service mod
Slide 23: Growth markets: Our innovations in operational use
Growth markets: Our innovations in operational use Growth drivers: Security – Mobility – Technology Digital Tower Drone management Networks Innovative technology to Coexistence of uncrewed aerial Networks for air traffic management, improve efficiency, safety, vehicles and crewed aircraft in police
Slide 24: with hubs for added customer proximity
with hubs for added customer proximity 550+ customers 150 countries 150+ Active channel partners for 125 countries Regional offices Channel partners Frequentis Hubs 1947 1955 1983 1990 - 1999 2000 - 2009 2010 - 2019 SVK UK GER CAN USA AUS ROU BRA CHI NOR UAE Frequentis FRA Vienna, Austria Subsidiari
Slide 25: Executive board and supervisory board
Executive board Norbert Haslacher Monika Haselbacher Peter Skerlan Karl Wannenmacher CEO COO CFO CTO Strategy, Global Sales, Strategic Project Management & PMO, Finance, Human Resources, IT, Technology Management, Business Units, Corp. Comms & Customer Services, Health Safety Legal, Facility Managem
Slide 26: Our experts for a safer world.
Our experts for a safer world. We build solutions that enable our customers to make the world a safer place. 7.8 yrs 11.0yrs av. length av. length of employment of employment Group HQs 5.3% 65 staff turnover 2,500 nationalities Global Employees 1,100 43 Austria Strong employer brand av. age Introd
Slide 27: Shareholder structure
Shareholder structure Core shareholder H. Bardach about 68% B&C Holding Österreich >10% Free float about 22% 13,280,000 Listed on Frankfurt and Vienna shares outstanding stock exchanges ATFREQUENT09 ISIN FQT Ticker symbol 14 May 2019 www.frequentis.com/en/ir Investor relations website Initial listin
Slide 28: Investor Relations contact and Financial Calendar
Investor Relations contact Financial Calendar Stefan Marin, Head of Investor Relations Conference / roadshow dates at www.frequentis.com/financialcalendar +43 1 81150 - 1074 investor@frequentis.com 12.08.2025 Half-year financial report 2025 www.frequentis.com/en/ir Innovationsstrasse 1, 1100 Vienna,