Bang & Olufsen a/s : Webcast presentation Q4 2021/22

July 2022

FULL YEAR AND Q4 2021/22

Webcast presentation

Disclaimer

This presentation does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities issued by Bang & Olufsen a/s in any jurisdiction, including the United States of America, Canada, Australia, Japan or the United Kingdom, or an inducement to enter into investment activity in any jurisdiction.

This presentation contains forward looking statements. Such statements concern management's current expectations, beliefs, intentions or strategies relating to future events and hence involve substantial risks and uncertainties. Actual future results and performance may differ materially from those contained in such statements. This presentation does not imply that Bang & Olufsen a/s has undertaken to revise these forward-looking statements, except what is required under applicable law or stock exchange regulation.

No part of the information contained in this presentation should form the basis of or be relied upon in connection with any contract or commitment or investment decision whatsoever. Neither Bang & Olufsen a/s nor any of its affiliates, advisors or other representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents.

Agenda

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Key Highlights and Strategy Update

Financial Performance in Q4

Outlook

Q&A

Key Highlights and Strategy Update

Double-digit growth and improved profitability despite continued supply chain challenges

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Revenue

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•	>	EBIT margin
		bsi*

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Free cash flow

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FY		Q4	Outlook
2021/22	2021/22		FY 2022/23

DKK 2,948m	DKK 698m	-4% to 5%
10% growth in local	-12% growth in local	growth in LC**

currenciescurrencies

1.8%	1.7%	-2% to 3%
(EBIT bsi* DKK 46m)	(EBIT bsi* DKK 11m)

DKK -172m	DKK -190m	DKK
		-50m to 100m

* Before special items ** local currencies