Slide 1: Verisure Q1 2026 Results Presentation
Verisure Q1 2026 Results Presentation 6th May 2026 1
Slide 2: Q1 Highlights
Q1 Highlights • Strong Q1 financial performance ahead of expectations – ARR €3,533m, +12.2% y/y (o/w ~2pp Mexico) 1 – Adjusted EBIT €277m, +19.3% y/y – Positive Fre e Cash Flow 2, €39m in Q1 • Global category leadership confirmed – Portfolio now ~6.3m customers – Spain rebrand launched in April – Me
Slide 3: Strong Q1 Delivery Across the Board
Strong Q1 Delivery Across the Board Customer Portfolio Revenue Adjusted EBIT ~6.3m €1,019m €277m +9.7% y/y +10.3% y/y +19.3% y/y New Installations Annual Recurring Revenue (ARR) Adjusted EBIT Margin 223k €3,533m 27.2% +12.2% y/y +207 bps y/y +2.7% y/y Source: Company information. Notes: All y/y grow
Slide 4: Global Leadership: Long-Term, Uninterrupted Growth
Global Leadership: Long-Term, Uninterrupted Growth Customer Portfolio (m) 7.0 #1 Globally by portfolio size (18 countries) 6.0 Leader in US (US only 1) 5.0 4.0 Leader in Asia (14 countries) #1 In 14 of our 18 Markets 3.0 2.0 1.0 ~6.3m 0.0 Customers protected Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 5: Consistent Portfolio and Sustained Low Attrition
Consistent Portfolio and Sustained Low Attrition +555k Customer Growth vs. Prior Year LTM Attrition 7.4% (7.5% Q1 2026) Customer Portfolio (‘000) Attrition Rate (%) +9.7% 6,278 6,171 Verisure attrition corridor 5,940 8% 7.4 5,831 5,722 6% Q1 Q2 Q3 Q4 Q1 2025 2025 2025 2025 2026 2014 2016 2018 2020 2
Slide 6: Financial Review
a Financial Review e verisure
Slide 7: Financial Performance
Financial Performance Financial Headlines ( €m) Quarterly Q1 2025 Q1 2026 y/y y/y @ cc ARR 3,150 3,533 +12.1% +12.2% ARR - Previous Definition 1 3,225 3,635 +12.7% +12.2% Revenue 920 1,019 +10.8% +10.3% Adjusted EBITDA 419 472 +12.8% +12.3% Adjusted EBIT 231 277 +20.1% +19.3% Adjusted EBIT Margin (%
Slide 8: Portfolio Services
Portfolio Services ARPU ( €) RMC (€) EPC ( €) +2.2% +0.6% +2.8% @ constant currency @ constant currency @ constant currency +2.7% 47.0 48.3 +3.3% 34.4 35.5 1.2% 12.6 12.7 Q1 Q1 Q1 Q1 Q1 Q1 2025 2026 2025 2026 2025 2026 RMC slightly higher due to Mexico integration Portfolio margin expansion, 2026 pr
Slide 9: Customer Acquisition
Customer Acquisition New Installations (‘000) Cost per Acquisition (CPA) ( €) Acquisition Multiple 3 (x) +6.7% +2.7% @ constant currency +0.1x 217 223 3.7x +7.1% 3.6x 1,574 1,469 Q1 Q1 Q1 Q1 Q1 Q1 2025 2026 2025 2026 2025 2026 Disciplined growth, Attractive returns Broadly stable, attractive focus o
Slide 10: Free Cash Flow Positive in Q1
Free Cash Flow Positive in Q1 Operating Cash Flow Reinvested into Accretive Customer Acquisition and Delivering Positive FCF Q1 2026 Cash Flow Bridge ( €m) Customer Acquisition ~117k ~106k customers customers 196 acquired acquired to offset to grow attrition portfolio (122) 499 195 (48) Q1 includes
Slide 11: Leverage and Net Debt
Leverage and Net Debt Deleveraging on track, now at 2.8x WACD Reduction Progress 1 (x) Total Net Leverage 1 (x) Total Net Leverage Recap 2.8x 2.50-2.75x 6.2x 5.9x 5.7x 5.5x 5.4x 5.2x 5.0x 4.9x 4.9x 4.8x 4.7x Q1 2026 2026 Objectives 2.9x 2.8x WACD2 (%) ~4.9% 4.0-4.5% €200 -220m Interest interest savi
Slide 12: 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% (excluding Mexico) ARR around 10% • Adjusted EBIT margin above 26% Up to 100 bps Total below ARR growth • Free Cash Flow positive Revenue Total Revenue • Interim Dividend expecte
Slide 13: Strategy Review
Strategy Review verisure
Slide 14: Resilient Business Model – Algorithm for Double-Digit Growth
Resilient Business Model – Algorithm for Double-Digit Growth Medium - Term Guidance 10% ARR: Balanced, Quality Growth Low Penetration Resilient Portfolio Growing ARPU Expansion ~4% penetration ~15 years1 +2.5% 5yr ARPU CAGR2 New Markets across footprint average customer lifetime no “front -book/back
Slide 15: Compounding Long-Term Value
Compounding Long-Term Value Cash to reinvest in growth Quality customer intake Shareholder returns Quality growth, Margin expansion, Cash generation Stable growing Strong portfolio portfolio economics Source: Company information. 15
Slide 16: Verisure Rebrand Now Underway in Spain
Verisure Rebrand Now Underway in Spain 16
Slide 17: Innovation Built With AI at the Core
Innovation Built With AI at the Core Guardian (launched in France) Seniors Protection (launched in Spain) • Outside -the -home, personal protection • Personalised AI models • Geo -location technology • Monitor behavioural changes • Real -time support • Detection of potential emergencies • Connected
Slide 18: Key Takeaways
Key Takeaways • Strong performance across the board in Q1 • Global leadership confirmed – growing scale advantage • Resilient business model • Cash Flow positive – first dividend expected in H2 2026 • 2026 outlook and medium -term guidance fully reiterated Source: Company information. 18
Slide 19: Thank You
Thank You 19
Slide 20: Appendix
Appendix @ verisure
Slide 21: Income Statement and Cash Flow Statement
Income Statement and Cash Flow Statement Quarterly Summary Income Statement ( €m) Quarterly Summary Cash Flow Statement ( €m) Q1 2025 Q1 2026 Q1 2025 Q1 2026 Revenue 919.9 1,019.3 CF from Operating Activities Before Δ in WC 391.6 453.0 Adjusted EBITDA 418.8 472.3 1 D&A and Asset Retirements (188.2)
Slide 22: Balance Sheet
Balance Sheet Assets ( €m) Equity and Liabilities ( €m) Mar25 Mar26 Mar25 Mar26 Property, Plant and Equipment 1,617.3 1,745.6 Total Equity 5,977.2 8,882.9 Right of Use Assets 193.3 212.0 Long -term Borrowings 7,687.2 4,947.8 Goodwill 7,675.5 7,738.2 Derivatives 23.3 3.4 Customer Portfolio 4,176.8 4,
Slide 23: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Free Cash Flow Reconciliation ( €m) Q1 2025 Q1 2026 Q1 2025 Q1 2026 Adjusted EBIT 230.6 277.0 Free Cash Flow 4 (56.2) 39.1 D&A and Asset Retirements 188.2 195.3 M&A and Other Investing Activities 5 - 16.3 Customer Acquisition Adjusted EBITDA 171.3 196.3 Cash Flow before
Slide 24: 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