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Slide 2: Year-End Report January – December 2025
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Year-End Report January – December 2025 2
Slide 3: Presentation of Addnode Group's Year-End Report January – December 2025
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Presentation of Addnode Group’s Year-End Report January – December 2025 Johan Kristina Andersson Elfström Mackintosh President and Chief Executive Officer Chief Financial Officer johan.andersson@addnodegroup.com kristina.mackintosh@addnodegroup.com
Slide 4: Agenda
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Agenda 1. Addnode Group 2. Divisions 3. Acquisitions 4. AI 5. Q&A 4
Slide 5: Addnode Group Operates, Acquires and Develops Entrepreneurial Companies
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 OUR MISSION Addnode Group Operates, Acquires and Develops Entrepreneurial Companies that Provide Digital Solutions 5
Slide 6: Setting the foundation for further expansion
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Setting the foundation for further expansion Net Sales, SEKm EBITA, SEKm • Acquisitions adding annual net sales of appr. SEK 700 m and strengthen the 10,000 1000 EBITA margin. 9,000 900 8,000 800 • Expanded to new geographies. 7,000 700 6,000 600 •
Slide 7: Significant improvement in margins and profit
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Significant improvement in margins and profit Net Sales, SEKm EBITA, SEKm • Acquisitions and cost-efficiency measures contributed to the highest 1,600 400 EBITA ever for a single quarter. 1,400 350 • Currency effects, mainly a weaker USD, 1,200 300
Slide 8: Net Sales Q4 2024 → Q4 2025
INVESTOR PRESENTATION 10/22/2025 Net Sales Q4 2024 → Q4 2025 1 800 236 1 600 1,564 • Net sales increased by 5 percent to 1,484 -97 SEK 1,564 m (1,484). 1 400 -59 1 200 • Currency effects, mainly a weaker 1 000 USD, had an impact of approximately SEK -97 m (0) on net sales. 800 600 • Organic growth,
Slide 9: Business Model with Strong Cash Generation
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Business Model with Strong Cash Generation 180% 160% 140% Changed Payment Terms 120% 3 Year 1 Year 100% Payments Payments 80% 70% 60% 40% 20% 0% LTM FCF/EBITA Average Definition of Cash Conversion: R12 FCF / EBITA 9 Definition of Free Cash Flow (FCF
Slide 10: Acquisitions drive leverage
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Acquisitions drive leverage Financial Target 4.0x 3,000 3.5x 2,500 3.0x NET DEBT / EBITDA <2.5x 2.4 2,000 2.5x 2.0 2.0x 1,500 1.5x 1.3 1.1 1,000 1.0x 0.8 0.7 0.5 0.6 500 0.4 0.4 0.5x 0.1 0.0x 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 11: Return on Capital Employed
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Return on Capital Employed 20% 19.6% 18.6% 18% 16% 13.8% 14.1% 14% 13.5% 13.0% 12.3% 12% 10.7% 10.6% 10.0% 10.0% 10% 8% 6% 4% 2% 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Return on Capital Employed, % 11
Slide 12: Divisions
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 12
Slide 13: Three Divisions
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Three Divisions Share of Net Sales* Q4 2025 Share of Gross Profit* Q4 2025 Share of EBITA* Q4 2025 Process Process Design Process Management, Management Design Management Management 27% 29% Management 52% 30% 55% Design Management, 45% Product Lifec
Slide 14: Design Management
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Design Management Key Financials Net Sales by Category Net Sales and EBITA Q4 Q4 Change 2025 2024 % 2025 Net Sales, SEKm EBITA, SEKm Net sales, Other 3000 600 SEK m 701 660 6 2,561 1% Own Software Gross profit, 21% 2500 500 SEKm 632 594 6 2,310 2000
Slide 15: Product Lifecycle Management
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Product Lifecycle Management Key Financials Net Sales by Category Net Sales and EBITA Q4 Q4 Change 2025 2024 % 2025 Net Sales, SEKm EBITA, SEKm Net sales, Other Own 2000 200 SEK m 446 492 -9 1,773 1% Software 10% Gross profit, SEKm 229 255 -10 897 1
Slide 16: Process Management
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Process Management Key Financials Net Sales by Category Net Sales and EBITA Q4 Q4 Change Net Sales, SEKm 2025 2024 % 2025 EBITA, SEKm Net sales, Other 1500 300 SEK m 425 344 24 1,494 1% Gross profit, 1250 250 SEKm 359 283 27 1,258 Own Software 1000
Slide 17: Acquisitions
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Acquisitions We have announced ten Acad-Plus (USA) Customer Base from Encad (Germany) acquisitions in 2025, which • A premier provider of CAD-based space management • Some 80 customer agreements for Dassault Systemés software portfolio. are expected
Slide 18: AI Customer Cases
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 AI Customer Cases Supporting customers in Symetri enhanced infrastructure Decerno streamlined geodata updates for management in New York the City of Stockholm improving operational efficiency, quality, and results • The Port Authority of New York &
Slide 19: Building and Expanding AI Capacity Across the Group
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Building and Expanding AI Capacity Across the Group Effective and structured AI-driven innovation and Delivering business value Coordinated leadership in AI implementation intrapreneurship AI-Driven Customer Solutions Executive Summit AI Collaborati
Slide 20: Financial Targets
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 EBITA CAGR 2015 – 2025: 18% Financial Targets 1000 20.0 15.6 900 16.8 15.4 18.0 EBITA Margin Target: 17% 800 16.0 EBITA GROWTH 14.8 15% 700 12.7 14.0 12.5 11.6 11.8 600 12.0 9.6 9.2 500 10.0 8.3 400 8.0 300 6.0 EBITA MARGIN 200 4.0 17% 100 2.0 0 0.0
Slide 21: Questions & Answers
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Questions & Answers 21
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Slide 23: Appendix
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Appendix 23
Slide 24: Financial Targets
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Financial Targets 15 EBITA Growth % 17 % EBITA Margin 30-50 % Dividend Policy < 2,5 x Net Debt / EBITDA 10% 10% 30-50% Net Sales Margin EBITA Margin Dividend Policy 24
Slide 25: A Global Group
2026-02-03 YEAR-END REPORT JANUARY - DECEMBER 2025 A Global Group Net Sales 2025 Sweden 35% USA 22% UK 14% Countries Continents 20 5 Germany 13% Other 16% 25
Slide 26: Mission-critical Solutions with High Customer Retention
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Mission-critical Solutions with High Customer Retention SEK bn 6 5 4 35% 41% 2025 3 Full Year 2 1 24% 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Partner Software Own Software Services Partner Software Own Software Services Net sales (p
Slide 27: Solid Foundation of Recurring Revenue Provides Predictability (pro forma)
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Solid Foundation of Recurring Revenue Provides Predictability (pro forma) SEK bn 6 5 4 3 2 62% 63% 63% Recurring Revenue 59% Full Year 2025 59% 1 59% 58% 59% 55% 55% 52% 47% 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Recurring Revenue
Slide 28: Organic and Acquisition-led Growth Strategy
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Organic and Acquisition-led Growth Strategy 8% CAGR 5.8 6% 5.6 13% 13% 5.0 5% -4% 1) Net sales (pro forma, comparably adjusted) have been recalculated for the years 2015–2024 as if the new transaction model for partner software and the 3% 26% reclas
Slide 29: Design Management
INVESTOR PRESENTATION 10/22/2025 Design Management 900 800 158 701 700 660 -67 600 -50 500 400 300 200 100 0 Organic (excl FX) FX Q4 2024 Acquisitions (excl FX) Q4 2025 29
Slide 30: Product Lifecycle Management
INVESTOR PRESENTATION 10/22/2025 Product Lifecycle Management 600 500 492 6 -25 446 -27 400 300 200 100 0 Organic (excl FX) FX Q4 2024 Acquisitions (excl FX) Q4 2025 30
Slide 31: Process Management
INVESTOR PRESENTATION 10/22/2025 Process Management 450 71 425 -3 400 13 350 344 300 250 200 150 100 50 0 Organic (excl FX) FX Q4 2024 Acquisitions (excl FX) Q4 2025 31
Slide 32: Key Financials
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Key Financials 2020 2021 2022 2023 2024 2025 Net Sales (pro forma1), SEK bn 2.9 3.1 4.3 5.0 5.6 5.8 Net Sales growth (pro forma1), % 3 9 39 16 11 4 EBITA, SEK bn 0.4 0.5 0.7 0.6 0.9 0.9 EBITA (pro forma1), % 12.5 14.8 16.8 12.7 15.4 15.6 EBT, SEK bn
Slide 33: Consolidated Financial Position
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Consolidated Financial Position 31 Dec 31 Dec SEKm 2025 2024 Change Intangible Non-current Assets 5,797 4,339 1 458 Other Non-current Assets 388 386 2 Net Working Capital -173 -528 355 Total Assets 6,012 4,197 1,815 Equity 2,733 2,458 275 Provisions
Slide 34: EPS Growth 2015 – 2025: 259%
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 EPS Growth 2015 – 2025: 259% 3.5 3 DIVIDEND POLICY 2.5 30-50% 38% 35% 40% 2 48% 1.5 45% 1 53% 52% 0.5 70% 76% 82% 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Earnings per share, SEK Dividend per share (as % of EPS) 34
Slide 35: Why Invest in Addnode Group
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Why Invest in Addnode Group Offering • Mission-critical Software • High Customer Retention and Digital Switching Costs Solutions • Growing End-User Markets Consistent • Balanced and Disciplined Risk Profile • Diversification and Operational Return o
Slide 36: 93 Acquisitions Since Inception of Addnode Group 2003
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 93 Acquisitions Since Inception of Addnode Group 2003 5D Systemkonsult Essvision Arkiva CAD Teknikk Stamford Athena Spatial Technology BSD Voice Provider SWG Cadi Intrinsys Mapfactory Infostrait Centus Faester Sci Canella Decernogruppen Abou Technia
Slide 37: 93 Acquisitions Since Inception of Addnode Group 2003
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 93 Acquisitions Since Inception of Addnode Group 2003 Congere Railit PCskog Unizite Genus Excitech Repro Products Netpublicator TPM Apps FF Solutions Scanscot S-Group SolidCAD Solutions X10D Solutions Elpool ACAD-Plus Procad Budsoft Claytex Optimec
Slide 38: AI Customer Cases
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 AI Customer Cases AI-based Digitalization of Buildings Generative Property Descriptions Automated Document Classification Bimify, partly owned by Addnode Group, offers an AI- Decerno has developed The Typewriter, an AI solution Ida Infront has helpe
Slide 39: Acquisitions 2026
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Acquisitions 2026 Encad Consulting Technia has acquired Encad Consulting’s Dassault Systèmes customer agreements. Some 80 customers that primarily are found within the sectors Aerospace & Defence, Industrial Equipment and Transport & Mobility. Produ
Slide 40: Acquisitions 2025 YTD, Cont
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Acquisitions 2025 YTD, Cont Congere Railit pcSKOG Genus Develops, innovates and improves Railit has extensive experience in the Genus develops, delivers, and systems and applications for the railway industry and offers innovative A market leading Sa
Slide 41: Acquisitions 2025 YTD, cont.
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Acquisitions 2025 YTD, cont. TPM Inc Repro Products Inc FF Solutions SolidCAD The part of TPM that was acquired by The part of TPMReprothat Products was acquired that wasby Founded in 1995 and based in São Founded in 1996 and headquartered in Symetr
Slide 42: X10D Solutions and Acad-Plus
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 X10D Solutions Acad-Plus As a partner to Dassault Systèmes, A premier provider of CAD-based space X10D Solutions offers a broad range of management and facilities optimization software products that enhance product software. Its flagship product, FM
Slide 43: Acquisitions 2024
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Acquisitions 2024 Efficture Jetas Quality Systems Optimec GPS Timber Efficture develops and offers proprietary Jetas develops and offers proprietary Optimec delivers turnkey solutions Software for timberyard logistics and software for forest and tim
Slide 44: Acquisitions 2024, cont.
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Acquisitions 2024, cont. Addoceo Prime Aerostructures CTC Software Addoceo is a supplier of case A leading Dassault Systèmes Partner CTC Software addresses the growing management systems for transportation based in Vienna, Austria. Specialized in de
Slide 45: Shareholders
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 Shareholders Managements shareholdings Owner Shares class A Shares class B Share capital, % Voting rights, % Staffan Hanstorp & Jonas Gejer 2,501,328 3,238,496 4.20% 16.42% • Johan Andersson, CEO: 404,733 shares, 25,000 call Lannebo Kapitalförvaltni
Slide 46: The Share
YEAR-END REPORT JANUARY - DECEMBER 2025 2026-02-03 The Share 140 2000 1800 • The number of shares and votes in Addnode Group 120 AB (publ) has increased as a result of a new issue 1600 of B shares carried out in connection with Addnode Group’s acquisition of Genus AS. The number of B 100 1400 shares
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