Slide 1: Verisure: Protecting What Matters Most
Verisure: Protecting What Matters Most March 2026
Slide 2: Vision and Mission
Vision Mission We believe everyone has the right to feel safe and secure. We protect what matters most. We bring peace of mind to families and small businesses. Source: Company information. 2
Slide 3: Our DNA Defines Who We Are
Our DNA Defines who we are Source: Company information. 3
Slide 4: Verisure Key Numbers: 2025
Verisure Key Numbers: 2025 Customer Portfolio Annualised Recurring Revenue (ARR) Adjusted EBIT ~6.2m €3,448m €953m +10.0% y/y +12.7% y/y +15.5% y/y New Installations Revenue Adjusted EBIT Margin 873k €3,745m 25.4% +115 bps y/y +3.9% y/y +10.3% y/y Source: Company information. Notes: All y/y growth r
Slide 5: Strong Q4 Delivery Across the Board
Strong Q4 Delivery Across the Board Customer Portfolio Annualised Recurring Revenue (ARR) Adjusted EBIT ~6.2m €3,448m €236m +10.0% y/y +12.7% y/y +19.3% y/y New Installations Revenue Adjusted EBIT Margin 224k €965m 24.5% +177 bps y/y +5.9% y/y +10.7% y/y Source: Company information. Notes: All y/y g
Slide 6: Consistent Portfolio Growth and Sustained Low Attrition
Consistent Portfolio Growth and Sustained Low Attrition +560 k Customer Growth vs. Prior Year Q4 Attrition at 7.4% (7.4% LTM) Customer Portfolio (‘000) Attrition Rate (%) +10.0% 6,171 5,940 Verisure attrition corridor 5,831 8% 7.4 5,722 7.4 5,612 6% Q4 Q1 Q2 Q3 Q4 2024 2025 2025 2025 2025 2013 2014
Slide 7: Strategy & Business Review
Strategy & Business Review verisure
Slide 8: Our Verisure Playbook to Unlock the Market
Our Verisure “Playbook” to Unlock The Market Category Creating Go-to-Market Customer Innovation Marketing Muscle Experience Culture & Talent Source: Company information. 8
Slide 9: Long History, Recent Acceleration Behind Our Playbook
Long History, Recent Acceleration Behind Our “Playbook” Foundation and initial Becoming independent and H&F acquisition. New management team. international expansion creating the Verisure brand Industrialised business model First steps Became Listed on Verisure H&F & H&F IPO Foundation of Austin tow
Slide 10: Leader in Security Services With Uninterrupted Growth Track Record
Leader in Security Services Across our Footprint With Uninterrupted Growth Track Record Track Record of Uninterrupted Double - Digit Growth Leaders in Europe and LatAm , >5x Larger Than #2 Player 2 1 (€bn) Europe ~90% Group Portfolio 3 LatAm ~10% Group Portfolio 3 Annualised Recurring Revenue 3.4 #1
Slide 11: Verisure Operates in the Professionally Monitored Security Segment
Verisure Operates in the Professionally Monitored Security Market Segment One Job, Three Levels of Security, Three Segments Complete 24/7 protection solutions featuring all round detection, professional monitoring, Professionally verification, and intervention. Monitored Security Detection - based p
Slide 12: Highly Integrated Business Model with Full Control Over the Value Chain
Highly Integrated Business Model with Full Control Over the Value Chain Focus on the Most Attractive Segments Vertically Integrated Business Model Where we play Product and service innovation Segments: Residential homes, small businesses and selected adjacencies Category - creating marketing Proposi
Slide 13: Self-funding Organic Growth: Re-investing Portfolio Cash Flows
Self-funding Organic Growth: Re-investing Portfolio Cash Flows to Acquire New Customers Recurring Revenue, High Growth, DISCRETIONARY GROWTH INVESTMENTS Profit and Cash High Returns Portfolio Services Customer Acquisition Avg. Customer Portfolio New Installations x x EBITDA per Customer (EPC) x 12 m
Slide 14: Exceptional Consumer Subscription Business
Exceptional Consumer Subscription Business Category 1 Leader Clear Leadership Clear leader ( #1 in 14 out of 18 geographies; #1 worldwide 1) with unique self -funding growth model 2 Long Runway for Growth Monitored security is highly underpenetrated, offering a strong opportunity for growth Differen
Slide 15: Building #1 Brand Positions And Driving Market Segment Growth
1 Building #1 Brand Positions And Driving Market Segment Growth Verisure Brand Awareness 1 Verisure Segment Share 3 2 2 Installed Base in Verisure Footprint 3 (m) CAGR Increase Europe ~90% Group Portfolio LatAm ~10% Group Portfolio ~15.8 ~5% ~3.3m 79% ~12.5 81% 62% 69% 68% 52% 78% 84% 73% 25% 36% 11
Slide 16: Significant Penetration Opportunity Means Long Growth Runway Ahead
2 Significant Penetration Opportunity Means Long Growth Runway Ahead Monitored Security Penetration Key Levers for Continued Growth Residential Dwellings and Small Businesses 1 (m), 2025 ~437 <4% • Significant penetration runway ahead: Increase Penetration – <4% current TAM 1 current penetration vs.
Slide 17: Portfolio of Geographies at Different Lifecycle Stages
2 We Operate a Portfolio of Geographies at Different Stages of Their Lifecycle Proven, Replicable Expansion Model New Market Entry, Fast Scaling of Value Creation Adaptation, Early Scaling Proven Unit Economics Revenue Growth EBIT Margins Revenue Growth EBIT Margins Revenue Growth EBIT Margins +++ -
Slide 18: Our Geographic Regions
2 Our Geographic Regions Iberia and Nordics Other Europe LatAm Revenue ( €m) Revenue ( €m) Revenue ( €m) 1,853 1,999 1,731 1,340 1,044 1,200 263 303 345 2023 2024 2025 2023 2024 2025 2023 2024 2025 Adjusted EBIT 1 (€m) Adjusted EBIT 1 (€m) Adjusted EBIT 1 (€m) 38% 40% 41% 24% 7% 21% 3% 743 812 0% 66
Slide 19: Penetration Opportunity Remains in Each Geographic Region
2 Significant Penetration Opportunity Remains in Each of Our Geographic Regions Iberia and Nordics Other Europe Latin America TAM Penetration Residential Dwellings and Small Businesses 1 (m), estimates for 2025 ~4% Monitored security ~195m penetration ~186m Verisure 18 Markets ~56m ~24% ~79m ~40m ~1
Slide 20: Best-In-Class Proposition Designed Around Four Pillars
3 Best-In-Class Proposition Designed Around Four Pillars DETER DETECT VERIFY INTERVENE Deter intruders by showing Cannot ever miss a real Filter false positives. 3 levels of intervention. that the property is incident, Total Shield. Required for effective “It’s what customers protected by the #1 bra
Slide 21: Differentiated Customer Value Proposition Contributes to Leading Attrition
3 Differentiated Customer Value Proposition Contributes to Leading Attrition Ensuring Our Attrition Remains Best - in- Class Best - in- Class Attrition 1 (%) Quality Customer Intake ~13% ~12% ~12% ~10% Super - Serve Customers in Early Life 7.4% Excellent Customer Service (Remote + On - Site) Deep An
Slide 22: Competitive Advantage From Vertically Integrated Technology Stack
3 Competitive Advantage From Our Vertically Integrated Technology Stack Award - winning Product and Services Offering. Deter, Detect, Verify and Intervene Arlo TM Arlo TM Solar GuardVision TM GuardVision TM GuardVision TM Central Customer Fire Starkey TM Hold -up Zero LockGuard TM Outdoor VoicePad T
Slide 23: Powerful Economic Model. Continued Margin Expansion
4 Powerful Economic Model. Continued Margin Expansion Average Revenue per User (ARPU) 1 | Recurring Monthly Cost (RMC) ( €) Portfolio Profitability Metrics, Excluding Initial Customer Acquisition Costs 50 Pricing ARPU 45 ARPU CAGR 2 (%) 40 2004 ARPU + inflation (L10Y) (L5Y) Innovation 35 2.0% 2.5% C
Slide 24: Already Capitalising on AI – And Growing Opportunities Ahead
4 Already Capitalising on AI – And Growing Opportunities Ahead Verification Accuracy Cost Reduction Revenue Growth • Better verification of false positives • Increased DIY issue fix rates • Invisible detraction using AI -backed speech analytics • Improving verification speed • AI-backed knowledge to
Slide 25: Proven Resilience Through the Cycle (1/2)
5 Proven Resilience Through the Cycle (1/2) Annualised Recurring Revenue ( €bn) 1 Customer Attrition (%) 3,4 CAGR (%) (L15Y) (L10Y) (L5Y) 14% 14% 13% 8% 7,4% 6% Verisure’s attrition corridor 2011 2017 2012 2013 2015 2021 2019 2014 2016 2010 2018 2022 2023 2025 2024 2020 2009 2008 2008 2010 2012 2014
Slide 26: Proven Resilience Through the Cycle (2/2)
5 Proven Resilience Through the Cycle (2/2) New Installations (‘000) Acquisition Multiple 1 (x) 873 CAGR (%) (L15Y) (L10Y) (L5Y) 10% 11% 6% 4.00x 3,7x 3.25x Disciplined evolution of customer acquisition costs within target corridor 2011 2017 2012 2013 2015 2021 2019 2014 2016 2010 2018 2022 2023 202
Slide 27: Talented, Proven, Experienced Leadership Team
Talented, Proven, Experienced Leadership Team | “Ownership Mindset” Austin Lally Antonio Anguita Olivier Allender Chief Executive Officer President Southern Europe, President Central Europe, UK, Nordics and LatAm Ireland and Arlo 12 Years at Verisure 13 Years at Verisure 14 Years at Verisure 38 Year
Slide 28: High Calibre Evolving Board Composition, Strengthening Independence
High Calibre Evolving Board Composition, Strengthening Independence Evolution Principles Board Composition Post - IPO Chair Succession Chairman role to pass onto Other Board a fully independent Chair Members latest once H&F falls below 25% ownership Dominique Board Composition Graeme Pitkethly Andre
Slide 29: Recognised as an Outstanding Employer in all our Countries
Recognised as an Outstanding Employer in all our 18 Countries Certifications include GPTW, Top Employer, FT ‘Europe’s Best Employers 2025 List’ and others FT Best Employers ® in Europe in 2025 Top Employer ® in Europe in 2024, 2025 and 2026 Top Employer ® and/or Great Place to Work ® in 17 countries
Slide 30: Financial Review
a Financial Review e verisure
Slide 31: Financial Performance
Financial Performance Financial Headlines ( €m) Quarterly Full Year Q4 2024 Q4 2025 y/y y/y @ cc 2024 2025 y/y y/y @ cc ARR 3,068 3,448 +12.4% +12.7% 3,068 3,448 +12.4% +12.7% Revenue 870 965 +10.9% +10.7% 3,408 3,745 +9.9% +10.3% Adjusted EBITDA 382 421 +10.2% +9.4% 1,534 1,708 +11.3% +11.2% Adjust
Slide 32: Customer Acquisition
Customer Acquisition New Installations (‘000) Cost per Acquisition (CPA) ( €) Acquisition Multiple (x) +7.2% +6.5% +3.9% @ constant currency @ constant currency +0.11x +0.05x 873 +6.6% 3.9x 4.0x 3.6x 3.7x 840 +5.2% 1,624 1,523 1,514 1,438 +5.9% 211 224 Q4 Q4 FY FY Q4 Q4 FY FY Q4 Q4 FY FY 2024 2025 2
Slide 33: Portfolio Services
Portfolio Services ARPU ( €) RMC (€) EPC ( €) +2.5% +2.5% +0.3% (1.6%) +3.3% +4.0% @ constant currency @ constant currency @ constant currency @ constant currency @ constant currency @ constant currency +2.7% +2.2% 45.2 46.5 45.6 46.6 +3.5% +3.7% 32.9 34.1 33.1 34.3 0.6% (1.8%) 12.3 12.4 12.5 12.2 Q
Slide 34: Reinvesting Strong Operating Cash Flow in Accretive Customer Acquisition
Reinvesting Strong Operating Cash Flow in Accretive Customer Acquisition €1.3bn Reinvested into Customer Acquisition at Excellent Unit Economics Customer Acquisition 2025 Cash Flow Bridge ( €m) ~433k ~439k customers customers 723 acquired acquired 69% Cash Conversion (excl. Change in NWC) 7 to offse
Slide 35: Good Progress on our Cash Inflection Pathway
Good Progress on our Cash Inflection Pathway Objectives Status • Reduce WACD 1 to 4.0% to 4.5% in 2026 • 2026 refinancing will reduce WACD 1 to target range • €200 -220m interest savings (2026 vs. 2024) • Tracking to top of range • Positive working capital in H2 2025 • +€67m in H2 2025 • Further low
Slide 36: 2026 Outlook and Reminder of Medium-Term Guidance
2026 Outlook and Reminder of Medium-Term Guidance 2026 Outlook Medium Term Guidance Annual growth • ARR growth around 10% ARR ~10% • Adjusted EBIT margin above 26.0% Up to 100 bps Total below ARR growth • Interim Dividend Revenue Total expected H2 2026 Revenue (payout ratio 30 -40% of H1 2026 Adjust
Slide 37: 2026 Priorities: Growth with Progressive, Sustainable Returns Profile
2026 Priorities: Growth with Progressive, Sustainable Returns Profile Quality Growth Creating Capacity Cash Generation & Returns • Continue delivering quality • Renew momentum on • Interim Dividend expected H2 growth in volume and ARPU cost transformation • Sustained investment in • Focus on AI -bas
Slide 38: Key Takeaways
Key Takeaways • Excellent 2025 delivery across the board – Customer portfolio +10% y/y, to c.6.2m – Closed 2025 with excellent momentum • Sharing a clear outlook for 2026 – ARR growth around 10% – Adjusted EBIT margins above 26.0% – Interim Dividend expected in H2 2026 – Free Cash Flow positive • Re
Slide 39: Appendix
Appendix @ verisure
Slide 40: Recap: Capital Allocation and Dividend Policy
Recap: Capital Allocation and Dividend Policy 1 Invest in • Increasing New Installations Organic Growth • Technology Innovation 2 Balance Sheet • IPO leverage ~3.0x Management • Leverage post -IPO 2.50x - 2.75x, by end of 2026 3 Selective M&A • Company growth strategy will remain very largely organi
Slide 41: Leverage and Net Debt
Leverage and Net Debt Deleveraging on track, now at 2.9x Progress Endorsed by Rating Agencies Total Net Leverage 1 (x) Total Net 4.7x 2.9x Leverage 1 (x) 6.4x 6.2x 7.8 5.9x 5.7x 5.5x 5.4x 5.2x 5.0x 4.9x 4.9x 4.8x 4.7x Net Financial 5.0 Debt ( €bn) 2.9x Q3 2025 Q4 2025 (Pre -IPO) (Post -IPO) Q4 Q1 Q2
Slide 42: Improving Cash Flow Conversion
Improving Cash Flow Conversion Decreasing Portfolio Reinvestment Rate 1… … Delivers Increasing Cash Conversion CAGR Portfolio Cash Flow ( A €m) 2 (19-25 ) Customer Acquisition Cost ( €m) 3 B 2,218 +14% 68% 69% 130 70 Portfolio Reinvestment Rate (%) 1 B A 60% 120 60 110 44% 45% 50 42% 100 40 30% ~€90
Slide 43: Geographic Regions: Profitability and Cash Flow
Geographic Regions: Profitability and Cash Flow Adjusted EBIT ( €m) Adjusted Operating Cash Flow ex. Change in WC ( €m) 40% 41% 21% 24% 3% 7% 24% 25% 89% 89% 53% 66% n.m. n.m. 68% 69% +16% +9% 953 +9% 812 819 +19% 743 720 661 661 553 +23% +52% 317 258 208 +146% 137 9 23 (21) (13) Iberia and Other La
Slide 44: Monitoring Return on Investment
Monitoring Return on Investment Customer Lifetime Value (CLV) New Customer IRR 1 Return on Capital Employed (ROCE) 2 Capital Employed (€m) ( ) /( ) Book 1 / L5Y x Acquired + - Adjusted EPC*12 EBIT Value of Borrowings Intangibles Attrition (€) Equity (€m) (%) (€m) (€m) (€m) ~€5,700 ~20% ~27% in 2025
Slide 45: Profit & Loss Statement
Profit & Loss Statement Quarterly Summary P&L ( €m) Full Year Summary P&L ( €m) Q4 2024 Q4 2025 2024 2025 Revenue 870.2 964.7 Revenue 3,408.0 3,745.4 Adjusted EBITDA 381.8 420.6 Adjusted EBITDA 1,534.0 1,708.0 1 1 D&A and Asset Retirements (186.2) (184.6) D&A and Asset Retirements (714.9) (755.1) Ad
Slide 46: Balance Sheet
Balance Sheet Assets ( €m) Equity and Liabilities ( €m) Dec24 Dec25 Dec24 Dec25 Property, Plant and Equipment 1,574.1 1,701.9 Total Equity 5,872.6 8,764.5 Right of Use Assets 190.6 205.1 Long -term Borrowings 7,580.0 4,985.5 Goodwill 7,570.4 7,702.8 Derivatives 24.9 20.4 Customer Portfolio 4,201.5 4
Slide 47: Cash Flow Statement
Cash Flow Statement Quarterly Summary Cash Flow ( €m) Full Year Summary Cash Flow ( €m) Q4 2024 Q4 2025 2024 2025 CF from Operating Activities Before Δ in WC 304.3 239.1 CF from Operating Activities Before Δ in WC 1,389.4 1,390.2 CF from Δ in WC 18.5 87.4 CF from Δ in WC (58.9) (73.2) CF from Operat
Slide 48: HoldCo Senior Secured PIK Toggle Notes
HoldCo Senior Secured PIK Toggle Notes (No Recourse to Verisure PLC) Capital Structure (Q4 2025) HoldCo Look - Through Amount ( €m) Adjusted Pro Forma Leverage (x) HoldCo Proportional OpCo Group Cash & Cash Equivalents (13) HoldCo Cash & Cash Equivalents (39) HoldCo Proportional OpCo Group Funded In
Slide 49: Disclaimer
Disclaimer This presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue, or the solicitation of an offer to purchase, subscribe to or acquire our securities, or an inducement to enter into investment activity in any jurisdiction in which such offer