Mendole A/s · NGM:MENDO
Mendole A/s — IPO Roadshow (October 2025)
12 slides from Mendole A/s's IPO roadshow presentation, October 2025
Slide 1: Building Denmark’s next building-services leader
Building Denmark’s next building-services leader Investor presentation October 2025
Slide 2: Mendole at a glance
Summary Mendole at a glance Guidance Profitable and Revenue EBITDA stable core business 2012 / 2024 +85 +460% Adj. EBITDA1 Founded / Consolidated Employees 140 140 9 0-20 120 8 7 100 6 80 5 DK +50 60 120 4 3 40 2 Headquarters Cars 20 1 0 0 2016 2023 2024 2025E Group companies today 500mDKK 40mDKK Re
Slide 3: Mendole operates in a growing but fragmented industry
Market overview Mendole operates in a growing but fragmented industry A large, fragmented market… +6000 • +6000 companies work in Mendole’s verticals The market is a prudent stage for • The market has been growing in past years Mendole to execute on its growth plans with a CAGR of 13.9% from 2019 to
Slide 4: A strong and growing group, a decade in the making
Company overview A strong and growing group, a decade in the making Mendole is an attractive partner for customers with a group structure that offers a range of solutions One-stop shop: expertise across roofing, electrical and energy solutions, with more to come Customer focus: less coordination, fe
Slide 5: Mendole is led by a tight-knit group of experts and specialists
Team overview Mendole is led by a tight-knit group of experts and specialists Management Team Board of Directors Dan Lauritzen Henrik Theisler Thomas Kaas Selsø CEO Chairman Member A seasoned executive with 20+ Ex-CEO MicroShade; Ex-CEO Pharma years’ experience in energy, leadership at d line, Equit
Slide 6: Strong historic development, ready to scale with M&A
Financial overview Strong historic development, ready to scale with M&A Guidance EBITDA Historic revenue and EBITDA Revenue Adj. EBITDA1 (mDKK) +460% 140 Historic review 140 9 0-20 120 8 • 2016 (includes NimTag only) as reference for solid group 7 100 development over the years, mainly by organic gr
Slide 7: Mendole has clearly defined M&A target profile
M&A approach Mendole has clearly defined M&A target profile M&A stages Requirements Industry match ✓ Roofing ✓ Solar Finding relevant ✓ Plumbing ✓ HVAC target companies ✓ Electrical ✓ Lighting 01. Type match ✓ Zealand/Denmark ✓ Revenue of +20mDKK Ensuring they match ✓ Culture match ✓ Stable, positiv
Slide 8: Companies join a structured and well-run organization
M&A approach Companies join a structured and well-run organization How Mendole structures the group responsibilities Mendole’s synergy wheel is designed to make customers engaging with one group company find - Procurement and admin value in working with other - Acquisitions group companies. This - B
Slide 9: Going public to fuel our roll-up strategy
IPO rationale Going public to fuel our roll-up strategy “ The IPO is not just about capital, it’s about strategic independence. Mendole aims to become a self- reliant company with long-term Long-term focus Build a Danish, long-term focused success story growth focus. IPO as an enabler We’re raising
Slide 10: Investing in an attractive group with strong growth outlook
Investment highlights Investing in an attractive group with strong growth outlook Proven, Profitable Platform Attractive M&A Pipeline Mendole is already cash-flow positive with a Succession-driven owner-led companies solid track record in the Danish market. enables disciplined, low-risk acquisitions
Slide 11: IPO terms and timeline, captable today
IPO terms IPO terms and timeline, captable today Sep Oct Summary of terms 39 40 41 42 43 44 Marketplace: Spotlight Stock Market Pre-money valuation: DKK 39 million IPO announced 30 Sep Raise amount: DKK 4 million Pre-subscription: DKK 2 million Price per share: DKK 8,00 Subscription period 8 Oct - 2
Slide 12: Disclaimer
DISCLAIMER This document has been prepared by Mendolé’s Management Team (MT) with the purpose of providing potential partners, investors, and other interested parties with an introduction to the plan for establishing a national chain of Construction Services. This presentation includes strategic con