Slide 1: Q2 Second Quarter 2026
We build responsibly – for people, society and the future Q2 Second Quarter 2026 Jan Jahren, CEO Sverre Hærem, EVP & CFO Ostindiska house August 27, 2026
Slide 2: Highlights
Highlights A strong quarter with high activity and solid results • Revenue of MNOK 3 345 (2 929) – up 14,2% from Q2 2025 • Earnings before tax MNOK 196 (201) • Order intake MNOK 3 610 (6 018) • Order backlog MNOK 18 545 (21 341) • Net financial position MNOK 3 426 (3 036) Oslo Spectrum
Slide 3: Health and safety
Health and safety Number of injuries LTI-rate* Sick leave rate Own employees, hired staff and subcontractors Own employees, hired staff and subcontractors Own employees 8 7 7 6 2,9 5,5% 4,8% 5,0% 4,9% 2,3 4,6% 2,1 2,1 1,8 2 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 2
Slide 4: Continued strong order backlog
Continued strong order backlog Order intake Order backlog NOK billion NOK billion 6,0 21,3 19,5 18,1 18,3 18,5 3,7 3,6 1,7 1,0 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 4
Slide 5: New projects in the quarter - HENT
New projects in the quarter - HENT Fageråshjemmet Stenersgata 1, part 2 Skygard, part 2 Rehabilitation of office HENT HENT HENT HENT Location: Bergen Location: Oslo Location: Oslo Location: Oslo Developer: Bergen municipality Developer: Entra Developer: Skygard AS Developer: Fagforbundet Contract va
Slide 6: New projects in the quarter – Sentia Sweden
New projects in the quarter – Sentia Sweden Küngalv Arena, Ice Arenas Multi-activity house, preparing work Tegelviken HD 2, kindergarden Vestia SSEA SSEA Location: Göteborg Location: Gällivare Location: Eskilstuna Developer: Kungälv municipality (2. of several enterprises) Developer: Gällivare munic
Slide 7: Major Phase 1 projects in the quarter
Major Phase 1 projects in the quarter Development of basement 2 (K212), Government Quarter Two data centres HENT HENT Location: Oslo Location: Narvik Developer: Statsbygg Developer: Nscale Scope: 10 500 sqm Capacity: 75 MW 7
Slide 8: One year since IPO
azsentia One year since IPO
Slide 9: A broader shareholder base since the IPO
A broader shareholder base since the IPO NOK per share The IPO and subsequent capital markets activities have contributed to a broader ownership structure in Sentia 77 72 Listing price: 50kr 65 64 63 57 100,9 mill. Shares outstanding as of 30.06.2026 13.06.25 30.06.25 30.09.25 30.12.25 31.03.26 30.0
Slide 10: Market development since the IPO
Market development since the IPO Starting point and expectations at the IPO – Spring 2025 Current status Market development has been more A stable market development expected to recover Segment outlook & key momentum drivers mixed than anticipated at the IPO Construction and engineering market, Norw
Slide 11: Sentia’s strategic growth areas – public sector
Sentia’s strategic growth areas – public sector Education and sports Healthcare Commercial, security & defence Norwegian Ocean Technology Centre, New Aker hospital, Oslo Commercial Trondheim – several enterprises • Bergen Courthouse, Bergen • Vänersborgs District Court, Vänersborg Multi-activity hou
Slide 12: Sentia’s strategic growth areas – private sector
Sentia’s strategic growth areas – private sector Industry Commercial Culture and events Data centre The Whale, Andøya Tinden, Stavanger • Nscale, Narvik: 25 MW – phase 2 Kaj 16, Gothenburg Spektrum District, Oslo • Nscale, Narvik: Two data centres of 75 MW – phase 1 • Skygard, Oslo: part 2 – phase 2
Slide 13: Partnering and collaboration – since IPO
Partnering and collaboration – since IPO Make up the majority of Sentia’s revenue Revenue split, % 2024 Partnering and Collaboration 72% Partnering & collaboration allows aligned incentives between Sentia and the customer, reduces risks, leads to predictable profitability, and 28% contributes to hig
Slide 14: Partnering and collaboration have increased further since the IPO
Partnering and collaboration have increased further since the IPO Revenue split, % 2024 Revenue split, % Q2 2026 Partnering and Collaboration Partnering and Collaboration 80% 72% +8 Percentage points 28% 20% Fixed price Fixed price The development confirms that partnering and collaboration remains S
Slide 15: Collaboration in practice – larger phase 1 projects
Collaboration in practice – larger phase 1 HENT NRK – new headquarter Development of Equinor’s new headquarter Development of basement 2 Oslo Stavanger Oslo Phase 1 - 2025 Phase 1- 2026 Phase 1- 2026 The new headquarter of NRK – a future-oriented media hub New Equinor headquarter – rehabilitation of
Slide 16: Collaboration in practice – larger phase 1 and phase 2 projects
Collaboration in practice – larger phase 1 and phase 2 projects Sentia Sweden Kungälv Arena Multi-activity house Stockholm University of Arts Kungälv Gälliväre Stockholm Phase 1 - 2025 Phase 1- 2026 Phase 1- 2026 Phase 1kvm 70,000 - 2025 Phase 1 kvm 100,000 - 2024 Phase 15 000 1kvm - 2025 Phase 2 -
Slide 17: Stronger collaboration across Norway and Sweden
Stronger collaboration across Norway and Sweden Starting point at IPO Current status Joint tendering has brought us closer Large organisation with broad geographic presence We have submitted several joint tenders, although we have not yet secured a major jointly delivered project. At the same time,
Slide 18: One year since IPO – Financial targets
One year since IPO Financial targets
Slide 19: Growth toward financial target 2030
Growth toward financial target 2030 GROWTH TARGET Revenue og EBIT margin NOK 15 bn. NOK in billions CAGR ’24-’30: +6,1% Revenue target for 2030 15,0 Growth ’24-’25: +11,8% NOK 3,2 bn. Gap between 2025 revenue and the 2030 target 11,8 10,5 Revenue growth 2025 MNOK 6,5 GROWTH Growth HENT +4,4% ’25-’26
Slide 20: Other financial targets of 2030
Other financial targets of 2030 01 02 03 04 Profitability Dividend payout ratio Capital efficiency Solidity EBIT-margin % of net profit ROACE Equity ratio 2030 TARGET 2025 RESULT 2030 TARGET 2025 RESULT 2030 TARGET 2025 RESULT 2030 TARGET 2025 RESULT 5% 5,2% >70% 96% >20% 34,6% >20% 24,4% Q2 ‘26 as
Slide 21: Potential structural growth – letter of intent
Potential structural growth – letter of intent Thule Fastighetsutveckling AB Letter of intent to acquire a 70% stake in Thule Fastighetsutveckling AB. The transaction strengthens Sentia Sweden’s position in the Stockholm R&M market. MSEK 287,5 MSEK 15,9 5,5% MSEK 65 70% Revenue EBIT EBIT margin EV,
Slide 22: Second quarter – Results and Financial status
Second quarter Results and Financial status
Slide 23: Q2 2026 - Sentia
Q2 2026 - Sentia Revenue EBT og EBT margin Quarter YTD MNOK MNOK 3 345 227 MNOK Q2 2026 Q2 2025 2026 2025 3 157 3 195 2 929 2 850 201 196 189 172 Revenues 3 345 2 929 6 540 5 765 EBIT 156 128 300 231 6,9% 7,2% EBT 196 201 369 315 6,6% 5,9% 5,4% EBIT margin 4,7% 4,4% 4,6% 4,0% EBT margin 5,9% 6,9% 5,
Slide 24: HENT
HENT Revenue EBT og EBT margin Quarter YTD MNOK MNOK 2 509 2 503 203 MNOK Q2 2026 Q2 2025 2026 2025 2 365 2 312 2 398 172 164 161 154 Revenues 2 503 2 365 5 013 4 694 8,5% EBIT 129 123 261 237 7,4% 6,9% 6,1% 6,4% EBT 161 164 318 308 EBIT margin 5,2% 5,2% 5,2% 5,0% EBT margin 6,4% 6,9% 6,3% 6,6% Q2 2
Slide 25: Sentia Sweden
Sentia Sweden Revenue EBT og EBT margin Quarter YTD MNOK MNOK 842 41 MNOK Q2 2026 Q2 2025 2026 2025 760 686 31 Revenues 842 563 1 528 1 070 563 540 26 23 23 EBIT 39 23 65 45 4,9% 4,3% 41 23 67 46 4,1% 4,1% EBT 3,8% EBIT margin 4,6% 4,1% 4,3% 4,2 % EBT margin 4,9% 4,1% 4,4% 4,3 % Q2 25 Q3 25 Q4 25 Q1
Slide 26: Cashflow - Sentia
Cashflow - Sentia Quarter YTD Cashflow from operations MNOK Q2 2026 Q2 2025 _ 2026 2025 MNOK EBIT 156 128 300 231 Deprecation 24 27 50 52 859 Paid taxes -383 -5 -388 -13 Change in working capital -119 54 -167 -326 Non-cash effect 6 2 10 2 Cashflow from operations -316 206 -195 -54 206 210 _ _ _ _ _
Slide 27: A strong financial position ensures stability and flexibility
A strong financial position ensures stability and flexibility Cash and cash equivalents Interest-bearing debt Net financial position MNOK MNOK MNOK 4 331 4 441 226 4 134 4 244 218 197 197 3 470 3 600 3 426 174 3 252 3 262 3 036 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25
Slide 28: Balance sheet - Sentia
Balance sheet - Sentia MNOK 30.06.26 30.06.25 31.12.25 Equity and debt Non-current assets 1 377 1 439 1 427 MNOK Current assets, excl. cash 1 445 1 403 1 191 Cash and cash equivalents 3 600 3 262 4 331 Equity Total assets 6 422 6 104 6 949 1 423 ___ _ _ Long-term Equity 1 423 1 351 1 696 EK-share 17
Slide 29: Return on capital employed
Return on capital employed EBIT Capital employed Return on capital employed MNOK, 12-months rolling MNOK, average last four quarters EBIT/average capital employed 646 1 822 1 795 1 801 617 1 735 576 1 668 517 523 34,6% 34,4% 35,9% 30,1% 28,4% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2
Slide 30: Summary
Summary • High activity with several major projects in the execution phase in both Norway and Sweden • Consistently strong profitability across the portfolio • Solid order backlog of NOKbn 18,5, corresponding to 1,57 x 2025 annual revenue • Numerous newly awarded phase 1 contracts provide a strong f
Slide 31: Next quarterly presentation: Q3 – November 10, 2026
Next quarterly presentation: Q3 – November 10, 2026 Sentia builds responsibly – for people, society and the future