Nordic Semiconductor Asa · OSL:NOD

Nordic Semiconductor Asa — ABG Sundal Collier Nordic Opportunities Seminar (November 2024)

14 slides from Nordic Semiconductor Asa's conference presentation, November 2024

1. Slide 1: Nordic Semiconductor - a global leading IoT enabler

   Nordic Semiconductor -a global leading loT enabler ABG Sundal Collier = Nordic @ppertunities Seminar November.2025 NORDIC’ SEMICONDUCTOR

2. Slide 2: Simplifying lives through all things connected

   © Nordic Semiconductor Simplifying lives through all things connected = Fabless semiconductor company specialized in low power wireless connectivity and embedded processing for loT = Market leader in Bluetooth Low Energy = Early adopter of Thread (802.15.4) and support for Zigbee = Launched Wi-Fi 6

3. Slide 3: Dedicated to wireless connectivity

   © Nordic Semiconductor Dedicated to wireless connectivity Broad portfolio - scalable solutions - unified software platform Strong product and solutions portfolio... ..for short-, medium- and long-range connectivity technologies + </> _ + Ex) Low-power integrated circuits (ICs) Embedded software Adva

4. Slide 4: Nordic is on a long-lasting growth journey

   lordic Semiconductor Nordic is on a long-lasting growth journey 800 750 Innovation unlocking 700 market waves 650 600 550 500 450 400 350 Emerging loT markets > 300 250 Wearables Widespread loT adoption > Revenue, USDm 200 PC peripherals > Game controllers 50 io} 2000 2001 2002 2003 2004 2005 2006 2

5. Slide 5: Steady and high certification market share

   © Nordic Semiconductor Steady and high certification market share More than 5x as large as number 2 and 3 Bluetooth Low Energy end-product certifications, last 12 months ; Nordic 1500 ~ end-product certifications 1200 Other i Q3’23 si Gualcomm 113 designs 900 1% 42% Infineon 42% mkt share [iD [-| (e

6. Slide 6: IoT: Connect, Compute, Analyze and Act

   © Nordic Semiconductor lol: Connect, Compute, Analyze and Act loT starts with connecting things Bridging the physical and digital worlds requires: advanced connectivity solutions powerful low power compute accurate sensing capability Real-world data fl» = Gateways Cloud | computing = Sensors Physica

7. Slide 7: Sustainability thrives on IoT, big data & cloud

   Sustainability thrives on loT, big data & cloud loT is crucial to deliver on UN SDGs Wily, Qe SUSTAINABLE oO 6 Nordic is making ‘things’ more are & ~~ capable and efficient by: Sans = Lowering power consumption Environment Things with connected sensors ow Z EQ N = Increasing computational capability

8. Slide 8: Delivering on our customers' needs

   © Nordic Semiconductor Delivering on our customers’ needs Customer investment in product development oe = Nordic is providing 90% . 20% solutions to our 70% customers reaching 60% beyond ICs _ = Investments in 40% 30% Software, Cloud, Al 20% and Security is 10% essential for the next 0% Prehistory Y

9. Slide 9: Addressing the customer and the device journey

   © Nordic Semiconductor Addressing the customer and the device journey HARDWARE TOOLS ECOSYSTEM OPERATIONS & SERVICES PTT eee ' \ “=| ' \ o ' 1 7 ' : </> ' \ 1 SOLUTION | Vibrant developer 1 : Best in class broad Extensive SW/HW community. { ; Hl selection of SoCs development tools Expert developer '

10. Slide 10: Nordic a company in continuous transition

    © Nordic Semiconductor Nordic a company in continuous transition A complete loT solution provider Present In the past = Broad device portfolio with BLE, Cellular, PMIC, = Proprietary and BLE main revenue driver Wi-Fi, Cloud based services and Al/ML = Broad portfolio of smaller customer = Strong Tier

11. Slide 11: Nordic raising the bar once again

    © Nordic Semiconductor ordic raising the bar once again nNRF54 - maintaining our market leading performance Requirements NRFS4H Series Revolutionary multiprotocol SoCs For new complex loT products GlobalFoundries® 22FDX NRFSAL Series Next-level multiprotocol SoCs Logical successor to the nRF52 TSMC

12. Slide 12: Nordic roadmap strengthened by strategic acquisitions

    © Nordic Semiconductor Nordic roadmap strengthen by strategic acquisitions Earnings reinvested Earnings reinvested >) * Capitalizing on external opportunities together with organic Acquired WiFi |P aa growth land engineering quired memory team IP and Aqguired Al/ML, lengineering team Sensing IP and

13. Slide 13: Expansion within target operating model

    Expansion within target operating model Target operating model = Gross margin depending on technology and customer mix = Lower gross margins expected in cellular loT Module business Gross margin * Higher gross margin opportunities in other new technologies and service offering * Overall goal to main

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