Slide 1: Second quarter 2023
Second quarter 2023 Jaan Ivar Semlitsch, CEO Thomas Rakke, CFO 20 July 2023 be KOMPLETT’GROUP
Slide 2: Disclaimer
| Disclaimer This presentation has been prepared by Komplett ASA (the “Company’") solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This presentation includes forward-looking statements which are based on ou
Slide 3: CEO reflections: scaling up our competitive advantages
CEO reflections | Scaling up our competitive advantages second quarter... © Using the group's scale benefits as a leading Nordic player through improved sourcing terms: © Attractive concepts in both Norway and Sweden now with larger scale © Younger customer group than the competitors © Most satisfie
Slide 4: CEO reflections: well positioned for the medium to long term
CEO reflections | ...and well positioned for the medium to long term o Superior customer satisfaction ratings - among all retailers and within the industry. [—ti(C iY] Topp 10 i Norge og klart © Unparalleled customer service response time, dedicated i and loyal employees with full responsibility. be
Slide 5: Steady course in a challenging market
| Steady course in a challenging market © Soft retail market anticipated to continue for the remainder Revenue Gross margin of 2023, but improved EBIT from Q2 2022 to Q2 2023. o Sales benefiting from careful investments in brand building 4 on 4657 me 12.8% 141% 14.1% and product availability. 3570 3
Slide 6: Financial performance
Slide 7: Key financials
| Key financials Modest EBIT uplift in a challenging environment co Stable revenues (+1.8 per cent) in difficult market © Material currency translation effects (2.0 per cent LFL decline) co Good progress in Norwegian operations co Select investments in marketing and availability co Soft and uncertai
Slide 8: B2C: Positive EBIT development driven by gross margin improvement
B2C Positive EBIT development driven by gross margin Revenue (NOK million) @ Gross margin (%) improvement aren o Revenue growth of 3.2 per cent with large regional differences and material currency translation effects: BUS cee OND es eee HO o Norway + 19.3 per cent - Sweden - 7.6 per cent © Strong m
Slide 9: B2B: Stable EBIT development as improved gross profit offset cost
B2B Stable EBIT development as improved gross profit offset increased cost levels o Revenue development stable YoY as negative headwinds seen in 2022 continue to recede: co Higher availability in several categories and strong recovery in components and Komplett PC co Continued impacted by lower dema
Slide 10: Distribution
Distribution Slight EBIT decline from weaker consumer sentiment and mix effects o Revenue decline of 2.4 per cent as sales continue being impacted by overall weaker consumer sentiment: co Minor currency translation effects co Some shifts in phasing of deliveries © Stable gross margins (+0.3 pp) desp
Slide 11: Profit and loss
| Profit and loss Negative but improved net profit Depreciation and amortisation accounted for NOK 86 million, of which NOK 13 million were related to the amortisation of acquired customer value. Increase YoY mainly driven by IFRS lease adjustments. One-off costs of NOK 3 million related to the refi
Slide 12: Cash flow & working capital
| Cash flow & working capital Net working capital optimisation maintained o Net cash flow from operating activities of NOK 240 million show as ato OD supported by inventory reductions as well as utilisation of the extended tax deferment scheme in Sweden, albeit offset by Mer eash iow from operating
Slide 13: Financial position
| Financial position Key metrics improved Net interest-bearing debt Liquidity reserve co Financial position strengthened with new equity YoY. 317 1090 Equity ratio of 46.8 per cent at the end of 02. o Net interest-bearing debt reduced to NOK 1 269 million be at quarter-end, compared with NOK 3 171 m
Slide 14: Summary and outlook
Summary ang outlook Jaan Ivar Semlitschy a ; ms Hit \ Dy | “¢ : ei
Slide 15: Key takeaways and outlook
| Key takeaways and outlook © Soft demand expected for the remainder of 2023. © Positive gross margin vs. last year expected to continue. o Sales supported by careful investments in brand building and product availability-actions during 02 with encouraging results. o Synergies are being extracted ac
Slide 16: Komplett
a KOMPLETT a
Slide 17: Alternative Performance Measures (APMs)
| Alternative Performance Measures (APMs) The APHsused by Komplett Group ae detinedas st out balow: Gross prot: Total operating reverue ass Cost of goods sold The group has pressated this itom because tconsicere tote avecfulmeasurste showtne managements wewenthe overalpictrs cofpratit generation bef
Slide 18: Pro forma figures
KOMPLETT’GROUP = net@net Pro forma figures KOMPLETT’GROUP 1s
Slide 19: Komplett + NetOnNet pro forma key figures
| Komplett + NetOnNet pro forma key figures Key figures YTD 2023 ‘Amounts in NOK milion Operating revenue Growth (%) Gross profit’ Gross margin (%)! Operating expenses (ex. dep and one-off) (adj.) Depreciation and amortisation Total operating expenses (adj.) Operating cost percentage (adj.)" EBIT (a
Slide 20: Komplett + NetOnNet pro forma IFRS P&L
| Komplett + NetOnNet pro forma IFRS P&L YTD 2023 Incl IFRS “Amounts in NOK mition Total operating income Cost of goods sold Employee benefit expenses Depreciation and amortisation expense Other operating expenses Total operating expenses OPERATING RESULT Net finance income and expenses PROFIT BEFOR
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