Vend Marketplaces Asa · OSL:VEND

Vend Marketplaces Asa — Vend Marketplaces Asa B — Q2 2026 Earnings Presentation

32 slides from Vend Marketplaces Asa's earnings presentation, Jul 17, 2026

  1. Slide 1: Q2 2026 Results

    Q2 2026 Results 17 July 2026 Christian Printzell Halvorsen, CEO Per Christian Mørland, CFO

  2. Slide 2: Disclaimer

    Q2 2026 Results | Disclaimer Disclaimer This presentation (hereinafter referred to as the “Presentation”) has been prepared by Vend Marketplaces ASA ("Vend" or the “Company”) exclusively for information purposes and does not constitute an offer to sell or the solicitation of an offer to buy any fina

  3. Slide 3: Summary

    Q2 2026 Results Summary Key financials Strategic highlights * +2% • Monetisation: Continued ARPA-led growth across the verticals • Platform transition: FINN-migration to the common platform completed on time — a technical transition Revenues YoY with no disruption to the user experience (NOK 1,696m)

  4. Slide 4: Platform transition on track

    Q2 2026 Results Platform transition on track Migration progress Blocket recovery Next steps FINN completed migration to common platform User satisfaction score more than doubled from Remaining migration for professional tools on time – a technical transition, with no post-transition low, approaching

  5. Slide 5: AI is delivering – for our users and in how we work

    Q2 2026 Results AI is delivering – for our users and in how we work Better products for users Greater internal Recommerce: natural-language search productivity available in all markets 86% of employees use AI daily Mobility: Dealer Hub AI recommendations live in Norway; planned for Sweden in H2 42%

  6. Slide 6: Dealer Hub – AI-driven recommendations helping car dealers sell faster

    Q2 2026 Results Dealer Hub – AI-driven recommendations helping car dealers sell faster AI-powered ad management Actionable recommendations per car Detects underperforming car ads Explains why they are not selling Recommends specific actions to improve margin and time-to-sell 6

  7. Slide 7: Mobility

    Q2 2026 Results Mobility blocket dba BILINFO Bilbasen # Nettbil bytbil i carwee AutoVex m Vend

  8. Slide 8: Strong ARPA in Norway; headwinds in Sweden and Denmark

    Q2 2026 Results | Mobility Strong ARPA in Norway; headwinds in Sweden and Denmark ARPA NAA Q2 2026, YoY change % Q2 2026, YoY change % Professional Private Professional Private NOK 592¹ NOK 805¹ 159k¹ 113k¹ 19% YoY 13% YoY 5% YoY -3% YoY SEK 745³ SEK 286³ 227k³ 148k³ 3% YoY³ -6% YoY³ 1% YoY³ -14% Yo

  9. Slide 9: Revenues up 6%* YoY; EBITDA down 4% on higher costs

    Q2 2026 Results | Mobility Revenues up 6%* YoY; EBITDA down 4% on higher costs Mobility Highlights Revenues (NOKm), EBITDA margin (%) • Classifieds revenues increased 2% YoY, or 6% in constant currency. Strong YoY growth growth in Norway (+17%) was partly offset by Sweden (-7%; -2% in constant 6%* c

  10. Slide 10: Real Estate

    Q2 2026 Results Real Estate ASA @Homea m Vend

  11. Slide 11: Strong ARPA growth

    Q2 2026 Results | Real Estate Strong ARPA growth ARPA Volume Q2 2026, YoY change % Q2 2026, YoY change % Total Residential Total Residential for sale³ for sale NOK 4,081¹ NOK 5,746¹ 68k¹ 40k¹ 16% YoY 17% YoY -3% YoY 0% YoY EUR 4532 1,5624 5% QoQ 0% QoQ Norway - ARPA: Average Revenue Per Ad Norway -

  12. Slide 12: Revenues up 15%* YoY; EBITDA margin expanded to 58%

    Q2 2026 Results | Real Estate Revenues up 15%* YoY; EBITDA margin expanded to 58% Real Estate Highlights Revenues (NOKm), EBITDA margin (%) • Classifieds revenues increased 13% YoY, with solid growth across all segments YoY growth 15% * • Total revenues in Finland increased 18%, driven by the move t

  13. Slide 13: Jobs

    Q2 2026 Results Jobs

  14. Slide 14: Strong ARPA growth continues; volumes remain under pressure

    Q2 2026 Results | Jobs Strong ARPA growth continues; volumes remain under pressure ARPA NAA Q2 2026, YoY change % Q2 2026, YoY change % Total Total NOK 9,454¹ 32k¹ 15% YoY –9% YoY ARPA: Average Revenue Per Ad NAA: New Approved Ads 1) Sourced ads not included 14

  15. Slide 15: Revenues up 5%* YoY on ARPA growth; EBITDA up 2%

    Q2 2026 Results | Jobs Revenues up 5%* YoY on ARPA growth; EBITDA up 2% Jobs Jobs Highlights Revenues (NOKm), EBITDA margin (%) • Revenues increased 5% YoY, as ARPA gains from discount model changes and YoY growth 5% upsell products offset the volume decline • OPEX excl. COGS increased 9%, driven by

  16. Slide 16: Recommerce

    Q2 2026 Results Recommerce blocket dba tori m Vend

  17. Slide 17: Robust GMV growth in Norway and Finland; Sweden back to growth

    Q2 2026 Results | Recommerce Robust GMV growth in Norway and Finland; Sweden back to growth following platform transition Transacted GMV Take rate Q2 2026, YoY change % Q2 2026, YoY change pp Total Total NOK 644m 16% 17% YoY 0.3pp YoY SEK 195m 10% 2% YoY 0.4pp YoY EUR 17m 17% 32% YoY 0.6pp YoY DKK 5

  18. Slide 18: Revenues up 21%* YoY on volume; strong EBITDA margin expansion

    Q2 2026 Results | Recommerce Revenues up 21%* YoY on volume; strong EBITDA margin expansion Recommerce Highlights Revenues (NOKm), EBITDA margin (%) • Transactional revenues increased 20% YoY, driven by strong volume growth YoY growth 21%* • Classifieds revenues increased 13% YoY, driven by the priv

  19. Slide 19: Finance

    Q2 2026 Results Finance 1 6

  20. Slide 20: Q2 revenues up 2%* YoY and 10%* excl. Other/HQ; EBITDA up 16% YoY

    Q2 2026 Results | Finance Q2 revenues up 2%* YoY and 10%* excl. Other/HQ; EBITDA up 16% YoY Vend Group revenues 1,696m Vend Group EBITDA 674m Q2 revenues per segment (NOKm) 2%* YoY Q2 EBITDA per segment (NOKm) 16% YoY YoY growth YoY growth 6%* 15%* 5%* 21%* -72%* -4% 24% 2% 41% 29% Mobility Real Est

  21. Slide 21: OPEX excl. COGS down 10% YoY, driven by simplification agenda

    Q2 2026 Results | Finance OPEX excl. COGS down 10% YoY, driven by simplification agenda Vend Highlights OPEX excl. COGS (NOKm) • Total OPEX excl. COGS decreased 10% YoY. YoY growth ○ Other operating costs declined following the exit of Schibsted TSAs 10% ○ Marketing costs increased 23% YoY, driven

  22. Slide 22: Q2 income statement

    Q2 2026 Results | Finance Q2 income statement Income statement Second quarter NOK million) 2026 2025 (restated) Operating revenues 1,696 1,694 Operating expenses 1,022 1,110 Gross operating profit (loss) - EBITDA 674 583 Depreciation and amortisation 129 134 Impairment loss 4 7 Includes NOK 9

  23. Slide 23: Q2 cash flow from continuing operations

    Q2 2026 Results | Finance Q2 cash flow from continuing operations Cash flow Second quarter NOK million) 2026 2025 (restated) Profit (loss) before taxes from continuing operations 516 4,909 Depreciation, amortisation and impairment losses (recognised or reversed) 140 151 Net interest expense (income

  24. Slide 24: Robust balance sheet supports continued disciplined shareholder returns

    Q2 2026 Results | Finance Robust balance sheet supports continued disciplined shareholder returns Financial gearing Highlights (NIBD/EBITDA according to bank definition) • Continued return of excess capital to shareholders through 2026 ○ Announcement of new NOK 4bn share buyback programme, with the

  25. Slide 25: Financial framework for sustainable value creation

    Q2 2026 Results | Finance Financial framework for sustainable value creation Strategy Medium-term targets Capital allocation Accelerate Future Winners Mobility Revenue growth: 12-17%, • Any surplus cash post the below will be EBITDA margin: 55-60% returned to shareholders over time Simplify Revenue

  26. Slide 26: Q&A

    Q2 2026 Results | Q&A Q&A 17 July 2026 Christian Printzell Halvorsen, CEO Per Christian Mørland, CFO

  27. Slide 27: Appendices

    Q2 2026 Results | Appendices Appendices Spreadsheet containing detailed Q2 2026 and historical information can be downloaded at vend.com/ir 27

  28. Slide 28: Historical ARPA trends per vertical

    Q2 2026 Results | KPIs Historical ARPA trends per vertical ARPA Vertical Country Category Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Mobility¹ Norway Professional NOK 428 NOK 434 NOK 461 NOK 497 NOK 518 NOK 540 NOK 586 NOK 592 Norway Private NOK 653 NOK 698 NOK 704 NOK 715 NOK 734 NOK 766 NOK 7

  29. Slide 29: Historical listing trends per vertical

    Q2 2026 Results | KPIs Historical listing trends per vertical NAA Vertical Country Category Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Mobility¹ Norway Professional 158k 162k 156k 152k 148k 154k 159k 159k Norway Private 106k 62k 67k 116k 106k 67k 64k 113k Sweden Professional 242k 240k 217k 226k

  30. Slide 30: Historical Recommerce KPIs

    Q2 2026 Results | KPIs Historical Recommerce KPIs Transactional KPIs Vertical Country Category Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Recommerce Norway Transacted GMV¹ NOK 481m NOK 540m NOK 531m NOK 549m NOK 569m NOK 620m NOK 634m NOK 644m Norway Take rate² 16% 16% 16% 15% 16% 17% 16% 16% S

  31. Slide 31: Shareholders analysis

    Q2 2026 Results | Shareholders Shareholders analysis Rank Name Shares % ISC 1 Blommenholm Industrier AS 43,167,130 19.80% 2 Folketrygdfondet 18,003,352 8.30% 3 DNB Asset Management AS 11,480,369 5.30% 4 ODIN Forvaltning AS 8,233,878 3.80% 5 KLP Kapitalforvaltning AS 5,755,713 2.60% 6 Vanguard Capita

  32. Slide 32: Investor contact

    Q2 2026 Results | Investor contact Investor contact Visit our website: vend.com Email: ir@vend.com Jann-Boje Meinecke SVP FP&A and IR Vend Marketplaces ASA Visiting address: Grensen 5-7, 0159 Oslo, Norway Postal address: P.O. Box 747 Sentrum, 0106 Oslo, Norway

Vend Marketplaces Asa B — Q2 2026 Earnings Presentation on 6ix