Slide 1: Second Quarter 2026 Presentation
Second Quarter 2026 Presentation Mark Jensen Benno Eliasson CEO CFO
Slide 2: This is Ambea, the leading Nordic care provider
This is Ambea, the leading Nordic care provider Our business areas and the care segments we serve Elderly Care Social Care Social Care Staffing & Net Sales Net Sales Adj. EBITA Margin Adults Children & Competency Youth (MSEK, R12) (% in total, R12) (MSEK, R12) 5 645 33% 10,0% SE 4 706 27% 13,2% SE 3
Slide 3: Highlights of Q2 2026
Highlights of Q2 2026 Strong commitment to Nordic care • Net sales increased by 7 per cent, driven by solid organic growth of 4 per cent and 2 per cent acquired growth. • Adjusted EBITA for the group amounted to 397 (311) MSEK. Adjusted EBITA margin landed at 9,0 (7,6) per cent. • Earnings per share
Slide 4: Growth – accelerating signed care places
Growth – accelerating signed care places Signed new capacity in the first half of 2026 exceeds the entire year of 2025 Only H1 Capacity additions to pipeline (not full year) Number of care places 804 659 538 346 271 115 2021 2022 2023 2024 2025 2026-Q2 Vardaga Altiden Stendi Nytida Validia 4
Slide 5: Future organic growth
Future organic growth More than 60% increase in future pipeline over the last 12 months Additions to the pipeline • Vardaga signed a rental agreement for a nursing home with 80 care places. • Altiden signed two new rental agreements, one combined nursing home and social Own management pipeline +64%
Slide 6: Acquired growth
Acquired growth Validia drives acquisition pace, more business areas to follow in H2 • Continued expansion within child welfare services in Validia in Finland. The third acquisition in the segment completed June 1st with ~40 MSEK in annual net sales. Acquired annual net sales per business area and y
Slide 7: Revenue growth
Revenue growth Stable and industry leading organic growth 16,2% 15,7% 15,3% 15,8% 13,1% 13,2% 12,8% 12,9% 6,0% 7,3% 6,3% 6,6% 4,6% 1,5% 1,9% 2,0% 7,2% 5,9% 5,3% 4,9% 4,2% 3,5% 4,0% 4,0% 4,4% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q4 Q3 Q4 Q1 Q3 Q1 Q2 2025 2026 Q1 2024 Organic growth Acquired/divested growth Cur
Slide 8: Quality and people
Quality and people Continued investments in quality, employee engagement and an inclusive workplace Ambea eNPS: New group-wide quality management system Common processes and shared +25 (Scale -100 – +100) Diversity and inclusion We continue to foster an inclusive culture through long- data strengthe
Slide 9: Financial summary
Financial summary Benno Eliasson CFO 9
Slide 10: Net sales
Net sales Broad growth base with all four countries contributing +4% +6% +11% +19% +6% -11% 71 21 0 4 387 88 - 11 81 49 4 088 Net sales Nytida Vardaga Stendi Validia Altiden Klara Elim. Net sales Q2 2025 Q2 2026 Net sales growth per business area 10
Slide 11: Adjusted EBITA
Adjusted EBITA Increased occupancy and operational excellence drive improved earnings 7,6% +1,3pp +1,4pp +2,4pp -1,2pp +3,4pp -0,1pp 9,0% 2 12 397 25 28 -1 -1 21 311 Adj. EBITA Nytida Vardaga Stendi Validia Altiden Klara Other Adj. EBITA Q2 2025 Q2 2026 Total adjusted EBITA margin and margin develop
Slide 12: Operating cash flow
Operating cash flow Strong cash flow in the quarter 100,2% 97,9% 95,9% 95,6% 95,0% 91,6% 89,8% 91,1% 91,5% 1 040 876 823 408 686 605 355 610 527 428 425 404 436 353 401 356 632 521 360 419 395 252 282 171 209 65 17 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 2026 Operating cash flow, excl. growth CAPEX & I
Slide 13: Free cash flow R12 excl. IFRS16
Free cash flow R12 excl. IFRS16 Increasing free cash flow generation 1 486 - 13 - 103 - 114 - 248 3 929 - 82 EBITDA excl. IFRS 16 Other Non cash CapEx Interest excl. IFRS Tax ΔNWC Other Free cash flow 13
Slide 14: Utilization of free cash flow R12
Utilization of free cash flow R12 Room for both bolt-on acquisitions and large buy backs 929 - 212 - 187 78 87 - 521 Free cash flow Dividend Acquisitions Share buyback FX & other Change in net debt 14
Slide 15: Development in EPS
Development in EPS Strong EPS growth continues in the quarter 11,81 25%* 10,76 10,38 10,41 9,57 9,56 9,24 8,79 8,48 8,56 8,14 7,92 7,80 7,37 7,44 7,20 6,90 6,14 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 2026 EPS LTM after dilution Adj. EPS LTM after dilution Adjusted EPS excludes IFRS16 and items related
Slide 16: Business overview
Business overview Benno Eliasson CFO 16
Slide 17: Continued strong earnings performance
Continued strong earnings performance • Net sales increased by 4 per cent, driven by new MSEK Q2 2026 Q2 2025 Change, % openings and acquisitions, along with higher occupancy Net sales 1 199 1 150 4% in existing units. EBITA 148 127 17% EBITA, % 12,3% 11,0% 1,3pp • EBITA increased by 17 per cent and
Slide 18: Strong earnings improvement
Strong earnings improvement • Net sales increased by 6 per cent, driven by higher MSEK Q2 2026 Q2 2025 Change, % occupancy in both new and existing units. Net sales 1 439 1 358 6% • Sales in own management increased by 10 per cent to EBITA EBITA, % 143 9,9% 115 8,5% 24% 1,4pp 1 027 (932) MSEK. Contr
Slide 19: Adjustments result in clear improvement
Adjustments result in clear improvement • Net sales amounted to 911 (823) MSEK. In local MSEK Q2 2026 Q2 2025 Change, % currency, net sales increased by 5 per cent. Net sales 911 823 11% • EBITA increased to 54 (29) MSEK and EBITA margin EBITA EBITA, % 5,9% 54 3,5% 29 86% 2,4pp increased to 5,9 (3,5
Slide 20: Strong growth
Strong growth • Net sales amounted to 446 (375) MSEK. In local currency, MSEK Q2 2026 Q2 2025 Change, % net sales increased by 20 per cent, mainly driven by the Net sales 446 375 19% acquired operations within the new child welfare segment. EBITA 41 39 5% EBITA, % 9,2% 10,4% -1,2pp • EBITA amounted
Slide 21: Strong earnings growth and new rental agreements
Strong earnings growth and new rental agreements • Net sales amounted to 348 (327) MSEK. In local MSEK Q2 2026 Q2 2025 Change, % currency, net sales increased by 7 per cent driven by Net sales 348 327 6% higher occupancy. EBITA 13 1 - EBITA, % 3,7% 0,3% 3,4pp • Sales in own management amounted to 26
Slide 22: Continued stable profitability
Continued stable profitability • Net sales decreased by 11 per cent to 93 (104) MSEK, MSEK Q2 2026 Q2 2025 Change, % due to lower demand across several of Klara’s Net sales 93 104 -11% services. EBITA 8 9 -11% EBITA, % 8,6% 8,7% -0,1pp • EBITA amounted to 8 (9) MSEK. EBITA margin decreased slightly
Slide 23: Concluding remarks
Concluding remarks Mark Jensen CEO 23
Slide 24: Our financial targets
Our financial targets Delivering on all financial targets in line with our commitment Growth FINANCIAL TARGET: Profitability Leverage FINANCIAL TARGET: FINANCIAL TARGET: 8-10% ANNUAL GROWTH <3.25X NET DEBT / ADJ. 9,5% ADJ. EBITA MARGIN EBITDA (EXCL. IFRS 16) 10,0% 3 688 9,9% 3 632 16 914 9,7% 9,8% 9
Slide 25: Outlook post Q2 2026
Outlook post Q2 2026 Sharp focus on the running business • Continue the rollout of the new group wide quality management system MiraQ. • Expect to close bolt-on acquisitions in several business areas. • Continue to sign rental agreements for future organic capacity expansion. • The prospectus and of
Slide 26: Invest in the leading competency-based care company in the Nordics
Q&A Invest in the leading competency- based care company in the Nordics • Growing need • Strong market position • High quality and competence • Substantial growth • Balanced risk • Attractive capital allocation 26
Slide 27: We make the world a better place, one person at a time
We make the world a better place, one person at a time ambea.com 27