94 slides from Addnode Group Ab Class B's investor day presentation, Sep 22, 2025
Slide 1: Addnode Group Capital Markets Day 2025
CAPITAL MARKETS DAY 2025 9/22/2025 Addnode Group Capital Markets Day 2025 1
Slide 2: Johan Andersson
CAPITAL MARKETS DAY 2025 9/22/2025 Johan Andersson CEO and President since 2017. Active in the Group since 2006 as Head of Business Development, Head of M&A and CFO. Previous experience as advisor within tech in investment banking. 2
Slide 3: What to Expect for Today
CAPITAL MARKETS DAY 2025 9/22/2025 What to Expect for Today Strategy Priorities Presentation New Update Ahead of Divisions Financial Targets 3
Slide 4: Agenda
CAPITAL MARKETS DAY 2025 9/22/2025 Agenda 13.00-13.40 Strategy & Priorities Ahead 13.40-14.05 Design Management 14.05-14.30 Product Lifecycle Management BREAK 30 MINUTES 15.00-15.30 Process Management 15.30-15.50 Financials 15.50-16.30 Q&A 4
Slide 5: Definitions in Today's Presentations
CAPITAL MARKETS DAY 2025 9/22/2025 Definitions in Today’s Presentations Net Sales In connection with the transition to Autodesk’s new transaction model, Addnode Group was considered an agent for these and some other third party agreements. As an agent, revenue is recognized in an amount correspondin
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Slide 7: Addnode Group Operates, Acquires and Develops Entrepreneurial Companies
CAPITAL MARKETS DAY 2025 9/22/2025 OUR MISSION Addnode Group Operates, Acquires and Develops Entrepreneurial Companies that Provide Digital Solutions 7
Slide 8: Acquisition-driven Growth Strategy
CAPITAL MARKETS DAY 2025 9/22/2025 Acquisition-driven Growth Strategy Design & PLM Process Digital solutions for Design and Digital Solutions for Lifecycle Management of Central and Local Products, Buildings and Infrastructure Government 8
Slide 9: Global Trends Driving Structural Growth
CAPITAL MARKETS DAY 2025 9/22/2025 Global Trends Driving Structural Growth Digitalization AI Smart Cities Sustainability 9
Slide 10: One Group – Three Divisions
CAPITAL MARKETS DAY 2025 9/22/2025 One Group – Three Divisions Design Management 2.5 SEK bn Addnode Group Product Lifecycle Management 1.8 SEK bn 5.6 SEK bn Process Management 1.3 SEK bn 10
Slide 11: Mission-critical Solutions with High Customer Retention
CAPITAL MARKETS DAY 2025 9/22/2025 Mission-critical Solutions with High Customer Retention SEK000 6 000 bn SEK000 5 000 bn SEK000 4 000 bn 35% 42% SEK000 3 000 bn 2025 R12 Q2 SEK000 2 000 bn SEK000 1 000 bn 23% 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 R12 2025 2025 R12 Q2 Partner Software
Slide 12: Solid Foundation of Recurring Revenue Provides Predictability
CAPITAL MARKETS DAY 2025 9/22/2025 Solid Foundation of Recurring Revenue Provides Predictability SEK000 6 000 bn SEK000 5 000 bn 63% 4 000 SEK000 bn 3 000 SEK000 bn 2 000 SEK000 bn Recurring Revenue 62% 63% 59% 2025 R12 Q2 60% 1 000 SEK000 bn 60% 58% 60% 56% 55% 53% 55% 0 2015 2016 2017 2018 2019 20
Slide 13: A Global Group
9/22/2025 CAPITAL MARKETS DAY 2025 A Global Group Net Sales 2025 R12 Q2 Sweden 36% USA 17% UK 17% Countries Continents 20 5 Germany 13% Other 17% 13
Slide 14: Addnode Group's Journey Towards a Global Group
CAPITAL MARKETS DAY 2025 9/22/2025 Addnode Group’s Journey Towards a Global Group S-Group Solutions FF Solutions Team D3 Microdesk Addnode Group Staffan Hanstorp Decernogruppen Symetri Johan Andersson Exitech Inception CEO CEO Staffan Hanstorp Chairman TECHNIA Transcat CAD-Q 2003 2004 2005 2006 2007
Slide 15: A Profitable Growth Journey
CAPITAL MARKETS DAY 2025 9/22/2025 A Profitable Growth Journey 6 SEK bn CAGR 5 SEK bn 17% 4 SEK bn 3 SEK bn 2 SEK bn 1 SEK bn 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 Q2 Net Sales 15
Slide 16: An Add-On Growth Accelerator for Companies Providing Technologies for a Sustainable Future
CAPITAL MARKETS DAY 2025 9/22/2025 WHO WE ARE An Add-On Growth Accelerator for Companies Providing Technologies for a Sustainable Future 16
Slide 17: Decentralized Organisation Driving Growth
CAPITAL MARKETS DAY 2025 9/22/2025 Decentralized Organisation Driving Growth Market and Customers Companies – Business Decisions and Development 2 800 Addnode Group – Growth Accelarator Design Product Lifecycle Process Management Management Management 25 17
Slide 18: Culture of Simplicity, Growth and Constant Improvement
CAPITAL MARKETS DAY 2025 9/22/2025 Culture of Simplicity, Growth and Constant Improvement Entrepreneurial Spirit Long-term commitment Simplicity 18
Slide 19: Culture of Simplicity, Growth and Constant Improvement
CAPITAL MARKETS DAY 2025 9/22/2025 Culture of Simplicity, Growth and Constant Improvement Entrepreneurial Spirit Long-term Commitment Simplicity 19
Slide 20: Culture of Simplicity, Growth and Constant Improvement
CAPITAL MARKETS DAY 2025 9/22/2025 Culture of Simplicity, Growth and Constant Improvement Entrepreneurial Spirit Long-term Commitment Simplicity 20
Slide 21: Addnode Innovations
CAPITAL MARKETS DAY 2025 9/22/2025 Annual Competion for Intrapreneurs Addnode Innovations 250+ Participating employees Training, lectures and coaching Funding to bring concepts to life AI, sustainability, collaboration and much more 21
Slide 22: 2X Strategy
CAPITAL MARKETS DAY 2025 9/22/2025 2X Strategy 22
Slide 23: Organic and Acquisition-led Growth Strategy
CAPITAL MARKETS DAY 2025 9/22/2025 Organic and Acquisition-led Growth Strategy CAGR 6% 5.6 5,556 Net Sales, SEK bn Acquired Growth, % 14% 5% Organic Growth, % # of Acquisitions 13% 5,020 5 4,339 4.3 3% 26% 12% 7% 3,124 3.1 2,785 2.8 4% 2,856 2.9 3% 4% 8% 2,569 2.6 4% 2,306 2.3 3% -1% 7% 2,046 2 6% 1
Slide 24: Compounding Add-on Growth Accelerator
CAPITAL MARKETS DAY 2025 9/22/2025 Compounding Add-on Growth Accelerator Re-investment Acquisitions Go-to-Market Re-investment Net Sales Organic Growth Growth Technology Acquisition of Cost Structure and Products New Companies Margin Financial Service Expansion Dividend to Controls Offering Sharehol
Slide 25: ~90 Acquisitions Since Inception of Addnode Group 2003
CAPITAL MARKETS DAY 2025 9/22/2025 ~90 Acquisitions Since Inception of Addnode Group 2003 Unizite Excitech Netpublicator Apps Optimec Consultants 5D Systemkonsult Jetas Quality Scanscot Essvision Systems Arkiva CAD Teknikk Stamford Efficture Athena Spatial Technology S-Group GPS Timber BSD Voice Pro
Slide 26: M&A Supporting Strategy and Organic Growth
CAPITAL MARKETS DAY 2025 9/22/2025 M&A Supporting Strategy and Organic Growth Adding Nodes What we Look for Valuation Geography Mission-critical software EBITA multiples (asset-light businesses) Consolidation and Strong customer retention expansion in existing and high switching costs St
Slide 27: We attract Entrepreneurs
CAPITAL MARKETS DAY 2025 9/22/2025 We attract Entrepreneurs 5-10 Acquisitions Avg. 12-18 months from contact to purchase Processes Initiated Mainly unstructured Investments Discussed with Addnode central M&A Team Deals Prioritized by Division Heads Strategic rational investment criteria Hundreds of
Slide 28: Voices from Entrepreneurs
CAPITAL MARKETS DAY 2025 9/22/2025 Voices from Entrepreneurs Simonette Rahmberg, CEO Canella Kevin Schlack, Symetri US (previously CEO of Team D3) 28
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Slide 30: Why Invest in Addnode Group?
CAPITAL MARKETS DAY 2025 9/22/2025 EQUITY STORY Why Invest in Addnode Group? 30
Slide 31: Why Invest in Addnode Group?
CAPITAL MARKETS DAY 2025 9/22/2025 Why Invest in Addnode Group? Mission-critical Software High Customer Retention and Offering Switching Costs Digital Solutions Growing End-User Markets Consistent Balanced and Disciplined Risk Profile Return on Diversification and Operational Resilience Capital
Slide 32: Design Management
CAPITAL MARKETS DAY 2025 9/22/2025 Design Management 32
Slide 33: Jens Kollserud
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Jens Kollserud Active in the Group since 2009 and as CEO of Symetri since 2016. More than 20 years of experience in the IT industry. 33
Slide 34: Design Management
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Design Management ~2.5 SEK bn 518 SEK m Net Sales EBITA 1250 650K Employees Daily Users 11 65% Countries Recurring Revenue 34
Slide 35: Enabling People to Design, Make, and Operate Smarter and More Sustainably
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Enabling People to Design, Make, and Operate Smarter Own Software and More Sustainably 21% Symetri’s offering is built on a long-term partnership with Autodesk, proprietary software (IP), and services combined with 650K Partner Software compleme
Slide 36: Symetri is the World's #1 Autodesk Solution Provider and a Platinum Partner
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Symetri is the World’s #1 Autodesk Solution Provider and a Platinum Partner Market Position Industries Partner Model REVENUE Architecture, $6.1B Engineering & Construction Product Design & Manufacturing Customer USERS Value over Price >200M Medi
Slide 37: Digital Solutions for Design and Lifecycle Management
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Digital Solutions for Design and Lifecycle Management Building Infra Manufacturing Process 37
Slide 38: Portfolio of Own IP Builds A Strong Offer
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Portfolio of Own IP Builds A Strong Offer 38
Slide 39: Reference Examples
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Reference Examples Engineering IT Management The Creative Power of The Striving for Sustainability in at a Global Engineering Digital Twin Architecture Design Company 39
Slide 40: Symetri's Journey Towards a Global Group, Supported by SWG and Tribia
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Symetri’s Journey Towards a Global Group, Supported by SWG and Tribia BUSINESS Changed name MILESTONES CAD-Q #1 Global Autodesk (now Symetri) Solution Provider was founded Acquired by Addnode 1989 2005 2008 2009 2010 2011 2012 2013 2014 2015 201
Slide 41: A Journey Based on Profitable Growth
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 A Journey Based on Profitable Growth CAGR 600 25% 26% 480 20% 360 15% 240 10% 120 5% - 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 EBITA, MSEK EBITA Margin Q2 41
Slide 42: Success Factors
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Success Factors Build a strong culture/ Only enter markets Own IP offerings Have the courage to brand that attracts the where we have a clear increase differentiation invest early in new right people path to become #1 and makes us technology to
Slide 43: We Challenge People to Work Smarter for a Better Future
CAPITAL MARKETS DAY 2025 | DESIGN MANAGEMENT 9/22/2025 Priorities Ahead Global scalable business with strong industry knowledge, large network and M&A experience We Challenge People to Work Continued expansion in Europe and Americas Grow portfolio of own technology and services Drive profitable grow
Slide 44: CAPITAL MARKETS DAY 2025
CAPITAL MARKETS DAY 2025 9/22/2025 44
Slide 45: Product Lifecycle Management
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Product Lifecycle Management 45
Slide 46: Magnus Falkman
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Magnus Falkman Active in the Group since 2002 and as CEO of TECHNIA since 2021. Over 20 years of experience empowering teams and delivering strategic results in the IT and Product Lifecycle Management industries. 46
Slide 47: Product Lifecycle Management
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Product Lifecycle Management ~1.8 SEK bn 170 SEK m Technia develops and delivers solutions that simplify processes, support responsible innovation, and shorten time-to-market. Net sales EBITA 750 30+ Employees Years of Growth 15+ 68%
Slide 48: Smarter Products Faster
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Smarter Products Faster Partner Software 59% A global scalable portfolio combining third-party software with own software and services. Services >6000 Serving customers around the world operating in industries such as defense, manufac
Slide 49: Digital Solutions for Design and Lifecycle Management
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Digital Solutions for Design and Lifecycle Management Transport & Mobility Industrial Equipment Aerospace and Life Sciences Infrastructure, Energy Defence and Materials CORE CORE GROWTH GROWTH GROWTH 49
Slide 50: A Strong Offer Built on 3DEXPERIENCE
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 A Strong Offer Built on 3DEXPERIENCE 50
Slide 51: Reference Examples
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Reference Examples Startup SME Enterprise Simulation of a Proprotor Cloud PLM Migration and Enterprise Digital Engineering Hub for Sora Aviation Expansion 51
Slide 52: Technia - A World Leading Partner to Dassault Systèmes
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Technia - A World Leading Partner to Dassault Systèmes Market Position Partner Model REVENUE Dassault Systèmes bring virtual twin $6.2B experiences across industries, offering solutions for 3D product design, simulation, manufacturing
Slide 53: Technia's Journey Towards a Global Virtual Twin Partner
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Technia’s Journey Towards a Global Virtual Twin Partner BUSINESS Dassault Systèmes Technia Simulation Magnus Falkman Technia SaaS MILESTONES partnership established Center of Excellence is appointed CEO launched established First Tech
Slide 54: A Journey Based on Profitable Growth
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 A Journey Based on Profitable Growth CAGR 12% 150 10% 10% 125 8% 100 6% 75 4% 50 25 2% 0 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 Q2 EBITA, MSEK EBITA Margin 54
Slide 55: Success Factors
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Success Factors Market Leadership Culture as a Own IP as a Growth Simplicity in Global Competitive Engine Execution Advantage 55
Slide 56: Priorities Ahead: Smarter Products Faster
CAPITAL MARKETS DAY 2025 | PRODUCT LIFECYCLE MANAGEMENT 9/22/2025 Priorities Ahead Smarter Drive Efficiency and Profitability Simplify and Strengthen Our Offer Leverage our Leadership Position Products Faster Prepare for Next Growth Horizon 56
Slide 57: Coffee Break
CAPITAL MARKETS DAY 2025 9/22/2025 Coffee Break 57
Slide 58: Process Management
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Process Management 58
Slide 59: Andreas Wikholm
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Andreas Wikholm Active in the Group since 2015 as President of Process Division. 25 years of experience in the IT industry as Business Area Manager, CEO and other senior positions. 59
Slide 60: Process Management
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Process Management ~1.3 SEK bn 252 SEK m Net Sales EBITA 850 +50K Employees Daily Users 5 48% Countries Recurring Revenue 60
Slide 61: Multiple Strong Brands and Companies
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Multiple Strong Brands and Companies Geographic Information System (GIS) Case Management Niche Solutions 61
Slide 62: Digital Solutions for Digital Government
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Digital Solutions for Digital Government Scandinavia’s public Plays by unique sector – A global rules that set it apart frontrunner in from other markets digitalization (like Cricket) Market leader with High barriers 40+ years experience of ent
Slide 63: Mission Critical Solutions
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Mission Critical Solutions Partner Software 8% • You can't live without them • GIS & Case management Services • Democratic and effective decisions and processes 100+ • Urban planning and maintenance of assets Highly Mission Critical Digital Sol
Slide 64: Reference Examples
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Reference Examples Central Government Local Government iipax case – Efficient document and case Gaida – An inter-municipal collaboration management for public authorities system for society-critical information 64
Slide 65: A Strong Offer of Own IP for the Public Sector
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 A Strong Offer of Own IP for the Public Sector 65
Slide 66: Empowering Companies and Entrepreneurs to Drive Growth and Efficiency
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Empowering Companies and Entrepreneurs to Drive Growth and Efficiency X-Sales & Business Technet Program Hackatons Leadership Program Cybersecurity Forum Development Tech & AI Forum Trainee Program Addnode Innovations Mentorship Program Addnode
Slide 67: The Journey to Becoming a Market Leading Software Provider to the Public Sector
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 The Journey to Becoming a Market Leading Software Provider to the Public Sector 300 20% BUSINESS MILESTONES 250 Strategic decision Public offering solidified Niche solutions Acquisition of S-Group Solutions Forestry segment of Sokigo 16% spun t
Slide 68: A Journey Based on Profitable Growth
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 A Journey Based on Profitable Growth 300 CAGR 20% 14% 250 16% 200 12% 150 8% 100 4% 50 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 EBITA, MSEK EBITA Margin Q2 68
Slide 69: Success Factors
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Success Factors Decentralized Big Fish in a Small Pond Customer Value & Culture & Governance Market Focus Winning Team 69
Slide 70: Priorities Ahead
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 Priorities Ahead Continued growth in Sweden and Norway Compelling potential for expansion outside the Nordics, particularly in case management and GIS AI will accelerate software development, but newcomers will still face high market entry barr
Slide 71: CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT
CAPITAL MARKETS DAY 2025 | PROCESS MANAGEMENT 9/22/2025 71
Slide 72: Financials
CAPITAL MARKETS DAY 2025 9/22/2025 Financials 72
Slide 73: Kristina Elfström Mackintosh
CAPITAL MARKETS DAY 2025 9/22/2025 Kristina Elfström Mackintosh Active in the Group since 2023 as CFO. Experienced CFO with a history of IPO and Management/ CFO roles within the public and private sector. 73
Slide 74: New Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 New Financial Targets Old 10% Net Sales Growth New 74
Slide 75: New Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 New Financial Targets Old 10% Net Sales Growth New 15 % EBITA Growth 75
Slide 76: Addnode Group's Growth Journey
CAPITAL MARKETS DAY 2025 9/22/2025 Addnode Group’s Growth Journey 1 000 CAGR 904 900 863 19% 800 728 EBITA GROWTH 15% 700 640 600 500 461 400 356 327 298 300 212 200 168 171 100 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 R12 Q2 2025 EBITA , MSEK 76
Slide 77: New Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 New Financial Targets Old 10% 10% Net Sales Growth EBITA Margin New 15 % EBITA Growth 77
Slide 78: New Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 New Financial Targets Old 10% 10% Net Sales Growth EBITA Margin New 15 % EBITA Growth 17 % EBITA Margin 78
Slide 79: EBITA Margin Improved from 9.6% to 15.8%
CAPITAL MARKETS DAY 2025 9/22/2025 EBITA Margin Improved from 9.6% to 15.8% 1 200 20% EBITA Margin Target: 17% 1 000 15.5% 15.8% 14.8% 16.8% 15% EBITA MARGIN 17% 800 12.5% 12.7% 11.6% 11.8% 9.6% 600 9.2% 10% 8.3% 400 5% 200 0 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12 R12 Q2 2025
Slide 80: New Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 New Financial Targets Old 10% 10% 30-50% Net Sales Growth EBITA Margin Dividend Policy New 15 % EBITA Growth 17 % EBITA Margin 80
Slide 81: New Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 New Financial Targets Old 10% 10% 30-50% Net Sales Growth EBITA Margin Dividend Policy New 15 % EBITA Growth 17 % EBITA Margin 30-50 % Dividend Policy 81
Slide 82: Business Model with Strong Cash Generation
CAPITAL MARKETS DAY 2025 9/22/2025 Business Model with Strong Cash Generation 180% 160% 140% Changed Payment Terms 120% 3 Year 1 Year Payments Payments 100% 80% 70% 60% 40% 20% 0% Cash Conversion Average Definition of Cash Conversion: R12 FCF / EBITA 82
Slide 83: EPS Growth 2015 – 2024: 280%
CAPITAL MARKETS DAY 2025 9/22/2025 EPS Growth 2015 – 2024: 280% 3,5 3 DIVIDEND POLICY 30-50% 2,5 38% 35% 2 48% 1,5 45% 1 53% 52% 0,5 70% 76% 82% 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Dividend per share (as % of EPS) Earnings per share, SEK 83
Slide 84: New Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 New Financial Targets Old 10% 10% 30-50% New Target Net Sales Growth EBITA Margin Dividend Policy New 15 % EBITA Growth 17 % EBITA Margin 30-50 % Dividend Policy 84
Slide 85: New Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 New Financial Targets Old 10% 10% 30-50% New Target Net Sales Growth EBITA Margin Dividend Policy New 15 % EBITA Growth 17 % EBITA Margin 30-50 % Dividend Policy < 2.5 x Net Debt / EBITDA 85
Slide 86: Resilient Balance Sheet
CAPITAL MARKETS DAY 2025 9/22/2025 Resilient Balance Sheet 2,5x 1 400 2.0 1 200 2,0x NET DEBT / EBITDA <2.5x 1 000 1,5x 1.3 800 1.1 1.1 600 1,0x 0,8 0.7 400 0.4 0,5x 0.6 0.5 200 0,1 0.4 0,0x 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 R12 2025 R12 Q2 2025 Net Debt, MSEK Net debt/EBITDA 86
Slide 87: True Compounder with Consistent Return on Capital Employed
CAPITAL MARKETS DAY 2025 9/22/2025 True Compounder with Consistent Return on Capital Employed 20% 19.6% 19.1% 18.6% 18% 16% 13.5% 13.8% 14% 13.0% 12.3% 12% 10.7% 10.6% 10.0% 10.0% 10% 8% 6% 4% 2% 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025 R12 R12 Q2 Return on Capital Employed, %
Slide 88: Old Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 Old Financial Targets 10% 10% 30-50% Net Sales Margin EBITA Margin Dividend Policy 88
Slide 89: New Financial Targets
CAPITAL MARKETS DAY 2025 9/22/2025 New Financial Targets 15 EBITA Growth % 17 % EBITA Margin 30-50 % Dividend Policy < 2,5 x Net Debt / EBITDA 10% 10% 30-50% Net Sales Margin EBITA Margin Dividend Policy 89
Slide 90: Recap of Today
CAPITAL MARKETS DAY 2025 9/22/2025 Recap of Today 90
Slide 91: Why Invest in Addnode Group?
CAPITAL MARKETS DAY 2025 9/22/2025 Why Invest in Addnode Group? Mission-critical Software High Customer Retention and Offering Switching Costs Digital Solutions Growing End-User Markets Consistent Balanced and Disciplined Risk Profile Return on Diversification and Operational Resilience Capital
Slide 92: Organic and Acquisition-led 2X Growth Strategy
CAPITAL MARKETS DAY 2025 9/22/2025 Organic and Acquisition-led 2X Growth Strategy EBITA GROWTH Bolt-on acquisitions Bigger Acquisitions New geographies 15% EBITA MARGIN 17% Internal efficiency New niches with Investments Price market growth in own IP increases 92
Slide 93: Q/A
Q/A > ADDNODE GROUP
Slide 94: Thank You for Today!
CAPITAL MARKETS DAY 2025 9/22/2025 Thank You for Today! 94