Frequentis Ag · XETR:FQT
Frequentis — Investor Presentation (November 2025)
28 slides from Frequentis's investor presentation, Nov 26, 2025
Slide 1: Investor Presentation November 2025
Continued double-digit increase in 1st half year 2025: ► Order intake +35.6% ► Orders on hand +23.0% ► Revenues +14.8% Investor Presentation November 2025
Slide 2: 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 3: 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 €3.8bn €14.0bn ment s addressable total market size market today Cloud solutions New deployment ce models rity Sof
Slide 4: 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 5: 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 6: Record high order intake, orders on hand > €750m
Record high order intake, orders on hand > €750m 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
Slide 7: Continued double-digit revenue growth
Continued double-digit revenue growth 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 7 | In
Slide 8: Strong revenue growth in Americas
Strong revenue growth in Americas 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 E
Slide 9: Annual view: Revenues and EBIT margin development
Annual view: 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
Slide 10: Frequentis solutions for drone traffic
Frequentis solutions for drone traffic Automated control Drone market with Standardised airspace management for Information systems for all participants system for rescue Friend / enemy detection continuous growth air traffic control in the airspace missions and inspection flights for drone defence
Slide 11: Mission Critical Services (MCX)
Mission Critical Services (MCX) ontrol room with cting c pe Transition to nne op o l 5G-based e C 4G communication 5G 5G via SAT 5G State-of-the-art Public Private multimedia communications Guaranteed priority enabled by MissionX Flexible in network use 5G 4G 5G 3GPP global standard Private Pu
Slide 12: Outlook and management agenda for 2025
Outlook and management agenda for 2025 Aim to Orders increase Aim to order intake EBIT margin on hand of 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. Compan
Slide 13: Appendix
Appendix
Slide 14: Revenue split
Revenue split 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 Hard
Slide 15: Strong seasonality of EBITDA and EBIT: 2nd half year key period for profitability
Strong seasonality of EBITDA and EBIT: 2nd half year key period for profitability 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 hig
Slide 16: Working capital overview
Working capital overview 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
Slide 17: 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 18: 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 18 | Investor Presentation November 2025 © Frequentis AG 2025
Slide 19: 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 20: 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 20 | Investor Presentation November 2025 © Freq
Slide 21: Key figures Frequentis Group
Key figures Frequentis Group All figures in € m unless otherwise stated. 1) Earnings data 2024 2023 +/- in % +/- in €m 2022 2021 2020 2019 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
Slide 22: 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 23: 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 24: Journey to mission critical services (MCX)
Journey to mission critical services (MCX) Order for emergency First prioritised Award for standardised services network communication on public software developer kit based on MCX mobile networks in June 2025 ▪ Frequentis as a partner of IBM ▪ Safety-critical broadband ▪ Customers: to deliver emerg
Slide 25: A strong network around the world
A strong network around the world 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 Frequen
Slide 26: Leadership team
Leadership team 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,
Slide 27: Shareholder structure
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 stock exchanges Listed on Frankfurt and Vienna shares outstanding stock exchanges ATFREQUENT09 ISIN FQT Ticker symbol 14 May 20
Slide 28: Contact / Financial Calendar
Contact / Financial Calendar Investor Relations contact Financial Calendar Stefan Marin, Head of Investor Relations Financial Calendar / Conference / roadshow dates at +43 1 81150 - 1074 www.frequentis.com/financialcalendar investor@frequentis.com www.frequentis.com/en/ir Innovationsstrasse 1, 1100