Tekna Holding Asa · OSL:TEKNA

Tekna Holding Asa — Investor Presentation (October 2025)

39 slides from Tekna Holding Asa's investor presentation, Oct 22, 2025

  1. Slide 1: World class materials to world class customers

    World class materials to world class customers 22 October 2025 | Tekna Holding ASA | Investor Presentation #InvestinTekna TEKNA |

  2. Slide 2: Important notice

    Important notice DISCLAIMER The information contained in this presentation (the “Presentation”) has been prepared by Tekna Holding ASA (the "Company" and, together with its subsidiaries "Tekna" or the "Group") with assistance from Arctic Securities AS (the "Manager"). The Presentation is being distr

  3. Slide 3: Executive summary

    Executive summary CAD 0.5m (6% margin) in Q3 2025 driven by strong performance in Materials FIRST EBITDA-POSITIVE QUARTER • Total revenues of CAD 8.3m (+9% YoY) and CAD 25.7m YTD (-7% YoY) SINCE IPO DRIVEN BY STRONG • Contribution margin of 58% in Q3 (46% Q3 2024) mainly driven by strong development

  4. Slide 4: Transaction Background

    01 Transaction Background Rights NOK 300 million fully underwritten by Issue majority owner Arendals Fossekompani ASA 02 Investment Highlights Market NOK ~500 million as of Capitalization 20 October 2025 (NOK 3.97/share) 02 Investment Highlights Up to 25% discount to VWAP1 10 days prior to the day S

  5. Slide 5: Tekna strengthens its capital structure through a Rights Issue and a new credit facility

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Tekna strengthens its capital structure CASH AND NET DEBT INC. LEASE LIABILITIES DEVELOPMENT (CADm) through a Rights Issue and a new credit facility Debt Cash & Equivalents Net debt Following T

  6. Slide 6: Sources and uses

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Sources and uses TOP 10 SHAREHOLDERS AS OF 15 OCTOBER 2025 3 # Investor # shares 1 000 Pre % of total Sources NOKm (CADm1) Uses NOKm (CADm) 1 ARENDALS FOSSEKOMPANI ASA 88 530 69.5% 2 ULFOSS INV

  7. Slide 7: Transaction timeline

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Transaction timeline Oct Nov Dec Activity Week 43 44 45 46 47 48 49 50 Announcement 22 Oct Notice of EGM 22 Oct - 23 Oct Q3 – Tekna interim report 6 Nov Period used for VWAP calculation determi

  8. Slide 8: Investment Highlights

    01 Transaction Background 01 Transaction Background Word-leading provider of advanced Materials and Systems have reached profitability inflection point Positioned to capture accelerating demand for 02 Investment Highlights Materials in Additive Manufacturing (AM) with contribution margins exceeding

  9. Slide 9: Tekna has developed a world-leading position in plasma and material processing

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Tekna Holding has developed a world-leading position in plasma and material processing, systems engineering, and manufacturing since 1990 INDUCTIVELY COUPLED PLASMA (ICP) 1990s 2000s 2010s 2020

  10. Slide 10: Reaching profitability inflection point in Q3 2025

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Reaching profitability inflection point in Q3 2025, with first EBITDA-positive quarter following investment phase Tekna at a glance Revenue driven by sales of advanced materials Q3 2025: First

  11. Slide 11: Value creation

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Delivering the highest purity material through a sticky position upstream in the Additive Manufacturing value chain Additive manufacturing (AM) is superior to traditional Tekna is uniquely posi

  12. Slide 12: Materials qualified for Aerospace and Defense standards

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Tekna’s materials are qualified for the most demanding industry standards set by the Aerospace and Defense industry Aerospace and Defense is half of revenue Revenue split by region and industry

  13. Slide 13: Meeting highest qualification standards opens a large growing market

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Meeting the highest qualification standards opens a large, growing and global market opportunity Broadening exposure to other industries Revenue split by region and industry Utilizing top suppl

  14. Slide 14: Positioned to capture accelerating demand in the AM industry

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Strategically positioned to capture accelerating demand in the AM industry with ample capacity and qualifications to serve a wide range of applications The additive manufacturing (AM) market is

  15. Slide 15: A self-reinforced growth trajectory supported by global megatrends

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix A self-reinforced growth trajectory Additive manufacturing supportive global megatrends supported by global megatrends and resource scarcity Climate and green Defense spend Aerospace spend tran

  16. Slide 16: Actively targeting larger strategic customers

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Actively targeting larger strategic customers with increasing demand for Tekna’s materials INCREASING SHARE OF LARGER STRATEGIC CUSTOMERS GROWING AVERAGE ANNUAL REVENUE PER CUSTOMER Share of re

  17. Slide 17: Proprietary systems unlock upside in defense, hypersonic flights and space

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Tekna’s proprietary systems unlock an upside potential in defense, hypersonic flights and space exploration System sales is a technology incubator driving future demand In position to serve eme

  18. Slide 18: Targeting double-digit growth and EBITDA margins of 15% - 20%

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix With the achieved position and expected market drivers, Tekna is targeting double-digit growth and EBITDA margins of 15% - 20% 2030 TARGET WITHIN CURRENT BUSINESSES MATERIALS SET TO BE THE Cont

  19. Slide 19: Adjacent applications could add up to CAD ~60 million revenue

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Attractive growth opportunities in adjacent applications could add up to CAD ~60 million revenue ADDITIONAL MATERIAL OPPORTUNITY MATURE EXAMPLE: MULTI LAYER CERAMIC CAPACITORS (MLCC) CAD 25 – 3

  20. Slide 20: Wide range of identified long-term opportunities

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Wide range of identified long-term opportunities utilizing the leading position within Inductively Coupled Plasma AM of titanium and aluminum (same Tungsten (W) in AM used for X ray W in AM and

  21. Slide 21: Cost and efficiency improvement program

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Execution of cost and efficiency improvement program resulting in a normalized cost level going forward Sustained effects from improvement program Personnel cost development CAD million ▪ Tekna

  22. Slide 22: Current production capacity will take Tekna beyond its 2030 targets

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Current production capacity will take Tekna beyond its 2030 targets with limited CAPEX while growing ASP with new applications Unleashing increased production capacity by: ▪ Two new plasma syst

  23. Slide 23: Robust balance sheet and funded business plan

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix PRELIMINARY Q3 2025 BALANCE SHEET PRO FORMA Q3 2025 BALANCE SHEET Robust balance sheet and CAD million CAD million 78 78 funded business plan ▪ The Rights Issue of NOK 300 million is primarily

  24. Slide 24: Cash flow development

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Q3 2025 CASH FLOW Cash flow development Cash position increased CAD 0.3 million since last quarter, meanwhile net change in cash excluding changes in loans was negative CAD 0.8 million. 0.1 OPE

  25. Slide 25: Entering phase of growth and profitability with a fully funded 2030 plan

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Entering phase of growth and profitability TARGETS TOWARDS 2030 with a fully funded 2030 business plan BASE1 TARGET Word-leading provider of advanced Materials and Systems has reached profitabi

  26. Slide 26: Incentivized board and management ready for next phase

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Incentivized board and management LEGAL STRUCTURE ready to take Tekna into its next phase Holding companies Operational companies Tekna Holding ASA 1.1% Management (Norway) investors 100% Tekna

  27. Slide 27: First EBITDA-positive quarter since IPO

    01 Transaction Background 01 Transaction Background First EBITDA-positive quarter since IPO driven by strong materials performance and cost reductions 02 Investment Highlights 1. CAD 0.5m (6% margin) in Q3 2025 driven by strong performance in Materials 02 Investment Highlights 2. Total revenues of C

  28. Slide 28: Investment Highlights

    01 Transaction Background 01 Transaction Background Word-leading provider of advanced Materials and Systems have reached profitability inflection point 02 Investment Highlights Positioned to capture accelerating demand for 02 Investment Highlights Materials in Additive Manufacturing with contributio

  29. Slide 29: Appendix

    01 Transaction Background 01 Transaction Background 1. Financial summary tables Q3 2025 02 Investment Highlights 2. Process description: Tekna produces the world’s highest quality 02 Investment Highlights micro and nano materials 03 Highlights Q3 2025 3. Additive manufacturing description: Additive

  30. Slide 30: Financial Summary Quarterly (unaudited)

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Financial Summary Quarterly (unaudited) (CAD in thousands, except percentages and per share data) Q3-2024 Q4-2024 Q1-2025 Q2-2025 Q3-2025 YoY Materials revenues 5 456 7 477 6 195 6 600 6 975 28

  31. Slide 31: Financial Summary Trailing 12 Months (TTM) (unaudited)

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Financial Summary Trailing 12 Months (TTM) (unaudited) (CAD in thousands, except percentages and per share data) Q3-2024 Q4-2024 Q1-2025 Q2-2025 Q3-2025 YoY Materials revenues 25 597 26 504 26

  32. Slide 32: Key Metrics Quarterly (in CADm)

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Key Metrics Quarterly (in CADm) Order intake Revenue Adj EBITDA +1.9 16.1 -8% 11.4 11.2 0.5 11.0 +9% 12.8 9.6 6% 0.2 9.4 3.5 9.1 4.8 8.7 3.4 9.0 11.2 2.2 8.4 8.3 -22% 10.4 3.0 7.6 -0.5 10.5 10.

  33. Slide 33: Key Metrics Trailing 12 Months (TTM; in CADm)

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Key Metrics Trailing 12 Months (TTM; in CADm) Order intake Revenue Adj EBITDA -9% 42.6 43.4 +20% 40.9 40.1 40.3 38.9 +2.4 38.5 38.6 36.3 37.2 36.9 37.6 37.3 36.8 34.7 35.4 35.6 35.5 34.6 33.2 1

  34. Slide 34: Key Metrics Quarterly (in CADm)

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Key Metrics Quarterly (in CADm) Operating cash flow Capex Free cash flow +0.3 +0.8 4.9 4.7 0.4 +0.5 0.1 0.1 -0.6 -0.3 -0.5 -0.7 -0.2 -0.3 -0.3 -0.9 -1.2 -1.4 -2.1 -0.5 -0.8 -2.9 -3.3 -3.2 -3.3

  35. Slide 35: Key Metrics Trailing 12 Months (TTM; in CADm)

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Key Metrics Trailing 12 Months (TTM; in CADm) Operating cash flow Capex Free cash flow +6.3 +3.8 +10.1 0.3 0.6 -0.1 0.0 -1.5 -0.7 -3.0 -2.5 -1.3 -1.8 -5.7 -2.5 -7.2 9.0 -2.9 -10.8 -12.7 -4.5 -1

  36. Slide 36: Tekna produces the world's highest quality micro and nano materials

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Tekna produces the world’s highest quality micro and nano materials RAW MATERIAL LIQUID MATERIAL ADVANCED MATERIALS Tekna sources approved raw Proprietary plasma torch heats up Tekna’s material

  37. Slide 37: Additive Manufacturing is superior for complex, yet lightweight parts

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Additive Manufacturing is superior for complex, yet lightweight parts Traditional milling Additive manufacturing / 3D printing Breaks down materials into Builds up components and complex compon

  38. Slide 38: Tekna material used in next-generation MLCC devices

    01 02 03 04 05 Transaction Background Investment Highlights Q3 2025 Highlights Concluding Remarks Appendix Tekna material used in next-generation Multi Layer Ceramic Capacitors (MLCC) devices As electronic devices get increasingly smaller and more The new MLCC emerging standard is 0201M which is fra

  39. Slide 39: TEKNA

    NTEKNA TEKNA| 39

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