Kongsberg Automotive Asa · OSL:KOA
Kongsberg Automotive Asa — DNB Carnegie Conference 2026
21 slides from Kongsberg Automotive Asa's conference presentation, Mar 26, 2026
Slide 1: DNB Carnegie Conference
1 TROND FISKUM PRESIDENT & CEO D N B C A RNEG IE C O N FERENCE 26 March 2026 ERIK MAGELSSEN CHIEF FINANCIAL OFFICER
Slide 2: This is Kongsberg Automotive
3 THIS IS KONGSBERG AUTOMOTIVE
Slide 3: Our Customer Segments
4 W O RL D- CLAS S P R O DUCTS F O R L EA D IN G A U T OMOTIVE B R A N D S OUR CUSTOMER SEGMENTS AGRICULTURE CONSTRUCTION COMMERCIAL PASSENGER EQUIPMENT VEHICLES VEHICLE
Slide 4: Trusted Partner to Leading Global Vehicle OEMs
5 TRUSTED PARTNER TO LEADING GLOBAL VEHICLE OEMS COMMERCIAL VEHICLES OFF-HIGHWAY AND OTHER 12% 31% 56% PASSENGER VEHICLES
Slide 5: At a Glance – About Kongsberg Automotive
6 A T A G L A N C E – A B O U T KO N G S B ERG A U T O MOTIVE FOUNDED IN 713M€ 1987 NORWAY SWEDEN UK POLAND CANADA SLOVAKIA USA 2025 REVENUES WITH ORIGINS DATING FRANCE CHINA MEXICO SPAIN SOUTH KOREA BACK TO 1957 GERMANY* INDIA BRAZIL 4291 > > HEADQUARTERED IN KONGSBERG, NORWAY LISTED ON THE OSLO 22
Slide 6: KA Has a Rich History and Has Been a Listed Company for 20+ Years
KA HAS A RICH HISTORY AND HAS BEEN A LISTED COMPANY FOR 20+ YEAR S 7 FROM A SMALL NORWEGIAN OPERATION IN THE 1950S TO A GLOBAL LEADER IN THE AUTOMOTIVE INDUSTRY OPERATING REVENUES (EUR MILLION) COVID-19 pandemic Divestment of Global Interior Comfort financial Systems, Light crisis 1,161 Duty Cables,
Slide 7: Former Management Approaches in Recent Years Have Led to Weak Financial Performance
FO R MER MA N A GEMENT AP P R OACHES IN R EC ENT YEAR S 8 HA V E L ED T O W EA K F IN A NCIA L P ER F ORMA NCE EBIT IN % 7.0 5.7 > In recent years, KA has faced challenging market conditions combined with 2.4 1.9 1.1 » Ineffective organizational structure » Insufficient execution 2020 2021 2022 2023
Slide 8: Leadership Renewal - New Board and Executive Leadership Team
9 L EA D ERS HIP R EN EWA L - N EW B O D A N D EX EC UTIVE L EA D ER SHIP T EA M NEW BOARD OF DIRECTORS » Olav Volldal – Chair of the Board since December 2024. Previous experience as CEO of Kongsberg Automotive during 1987-2010 > A team that brings » Bård Klungseth – Deputy Chair of the Board since
Slide 9: KA at an Inflection Point to an Improved Trajectory
10 KA A T A N IN F L ECTION P O INT T O A N IMP R OVED T R A J ECTORY New leadership driving change > A turnaround program is ongoing with a renewed management team and streamlined organizational structure Focused on execution & performance > Disciplined cost management and operational excellence to
Slide 10: Long-Term EBIT Target of 6.5% Based on Today's Revenue Base
11 LONG-TERM EBIT TARGET OF 6.5% BASED ON TODAY’S REVENUE BASE* CLEAR PATH TO A LONG-TERM EBIT MARGIN TARGET EBIT BRIDGE in %, from current* level to long-term target > KEY MARGIN DRIVERS INCLUDE: > Overhead rightsizing and cost discipline > Operational improvements 1-1.5% > Warranty cost reduction
Slide 11: Financials
12 FINANCIALS DRIVING PROFITABILITY AND CASH FLOW IMPROVEMENT
Slide 12: Q4 Financials – Increase in EBIT on Lower Revenue Level
13 Q4 2 02 5 F IN A NCIALS – IN C REA SE IN EB IT O N L O W ER R EV ENU E L EV EL P O S ITIVE C A S H F L O W A N D S IG N IF ICANT IN C REAS E IN 12 M T R END REVENUES MEUR 185.2 190.0 192.4 167.5 > Increase in EBIT level in second half of 2025 162.9 on lower revenue levels > Reduced operating cost
Slide 13: Significant Improvements in Cash Flow
S IG N IF ICANT IM P R OVEM ENTS IN C A S H F L O W FREE CASH FLOW 1 , MEUR +11,5 +6,6 +4,2 6,7 -0,9 -0,6 -4,4 -5,2 -10,5 -12,4 -14,9 -18,9 -20,3 -15,9 -19,9 -28,1 Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 Q3-2025 Q4-2025 1. Free Cash Flow is measured based on sum of cash flow from operating a
Slide 14: Net Interest-Bearing Debt (NIBD) & Leverage Ratio
15 N ET IN T EREST - BEARIN G D EB T ( N IB D ) & L EV ERAG E R A T IO IMP R OVED C A S H F L O W A N D P R O F ITAB IL ITY R ED U CING L EV ERAG E R A T IO NIBD/ Adjusted EBITDA (LTM)1 Adjusted EBITDA (LTM)1 NIBD NET-INTEREST BEARING DEBT, MEUR LEVERAGE RATIO Leverage ratio per bond term definition
Slide 15: Products and Innovations
16 PRODUCTS AND INNOVATIONS DRIVING LONG-TERM SHAREHOLDER VALUE
Slide 16: High Performance Actuators for Commercial Vehicles
17 HIGH P ER F ORMANCE A C TU ATORS F O R C O MMERCIAL V EHIC LES KA WELL POSITIONED TO CAPTURE GROWTH IN ELECTRIC TRUCK ACTUATOR SOLUTIONS GEAR SHIFT DOG CLUTCH DIFF-LOCK > Proven engineering capabilities in ACTUATOR ACTUATOR ACTUATOR safety-critical, electrified systems > Scalable, cost-competitiv
Slide 17: Air Brake Couplings
18 A IR B R A KE C O U P LINGS R A U F OS S A B C S Y S T EM GROWING AIR BRAKE SYSTEM MARKET SHARE THROUGH INNOVATION AND GEOGRAPHIC EXPANSION > Targeted market share expansion in North America and Asia > Portfolio expansion through tailored innovations, including differentiated solutions such as Tw
Slide 18: Steer-by-Wire The Market Opportunity
19 STEER-BY-WIRE THE MARKET OPPORTUNITY STEER-BY-WIRE: A DIFFERENTIATED GROWTH PLATFORM FOR KA > Positioning in a high-value, structurally growing market driven by electrification, autonomy, and software-defined vehicles TARGET SEGMENT TARGET SEGMENT > KA has demonstrated capability to PREMIUM PASSE
Slide 19: Slide 19
Slide 20: Sum Up: Executing the Turnaround and Building Long-Term Value
SUM UP: EXECUTING THE TURNAROUND AND BUILDING LONG-TERM VALUE 1. Committed team with proven execution capability A team that knows the business and understands what it takes to make KA successful. 2. Turnaround delivering results Improved EBIT, strong cash flow, and reduced leverage. 3. Clear path t
Slide 21: Q&A
Q&A Kongsbergautomotive.com KONGSBERGAUTOMOTIVE.COM © Kongsberg Automotive, 2025 // All rights reserved. This presentation and its content are protected by copyright laws. Unauthorized use or reproduction of any part of this presentation without prior written permission is strictly prohibited.