MAKING A

DIFFERENCE

12/11/2020

Geir Håøy

CEO & President

KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in pa rt, must include this legend.

© 2020 KONGSBERG - All rights reserved.

DISCLAIMER

This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as "targets", "believes", "expects", "aims", "assumes", "intends", "plans", "seeks", "will", "may", "anticipates", "would", "could", "continues", "estimate", "milestone" or other words of similar meaning and similar expressions or the negatives thereof.

By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected.

Any forward-looking information or statements in this presentation speak only as at the date of this presentation. Except as required by the Oslo Stock Exchange rules or applicable law, the Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward-looking information and statements, whether to reflect changes in the Company's expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based.

Given the aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward-looking statements.

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

2

MARITIME DEFENCE DIGITAL

11 000 EMPLOYEES

40 COUNTRIES

24 BNOK REVENUES

From deep sea to

outer space

OUTER

SPACE

DIGITAL

FRONTIER

AIRBORNE

LAND-

BASED

SEABORNE

DEEP SEA

WORLD CLASS - Through people, technology and dedication

ADAPTING TO

A CHANGING WORLD

▪

COVID-19

▪

Geopolitics / protectionism

▪ Security and cyber high on the agenda

THE WORLD

▪

Sustainability - ESG

  • Manoeuvring in a changing world
  • Growth and improved financials
  • Long term value creation and returns
  • Delivering on our promises
  • Lifetime commitment to ESG

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

4

GROWTH AND IMPROVED FINANCIALS

REVENUES

EBITDA

ORDER INTAKE

BACKLOG

26.40

23.25

13.98 13.81

2017 2018 2019 LTM Q3

2020

11.8%

31.41

32.35

31.75

9.1%

24.08

8.2%

3.13

7.3%

2.11

12.79

15.88

15.63

16.71

1.02

1.13

2017

2018

2019

LTM Q3

2017

2018

2019

LTM Q3

2017

2018

2019

Q3 2020

2020

2020

STRATEGIC PLATFORM

CREATING LONG TERM COMPETETIVE POWER

Trust and strong

Stong international

Global footprint,

Agile and flexible

reputation, proven record

partnerships

close to customers

employees

World class #1

World leading

Frontrunner in

Technology for solving

defence products

maritime supplier

industrial digitalization

global challenges

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

6

WE HAVE TAKEN LEADING INDUSTRIAL POSITIONS IN GROWING MARKETS

Ocean space

Green shipping

Digitalization

Surveillance &

Security

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

7

MARKET OPPORTUNITIES IN GREEN TRANSFORMATION

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

8

COMMERCIALISING AUTONOMOUS SHIPPING

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

9

INCREASED DEMAND FOR DYNAMIC DIGITAL

SOLUTIONS AND REMOTE OPERATIONS

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

10

MARKET FOR DIGITAL VESSELS MATURING

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

11

DEFENCE AND NATIONAL SECURITY HIGH ON THE AGENDA - INTERNATIONAL DEMAND FOR #1 DEFENCE SYSTEMS

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

12

OUR STRONG SPACE POSITION OPENS UP

NEW MARKETS AND NEW CUSTOMERS

COPERNICUS

FIGHTING ILLEGAL FISHING

FIGHTING TROPICAL

DEFORRESTATION

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

13

THE WORLD IS DEMANDING MORE SEAFOOD

AND KNOWLEDGE ABOUT THE OCEANS

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

14

GROWTH AMBITIONS AND

PROFITABILITY 2022

SUSTAINABLE

GROWTH

GROW AT OR ABOVE

MARKET

BNOK >30 IN 2022

IMPROVE

PROFITABILITY

INCREASED

PROFITABILITY

EBITDA-MARGIN >14 % IN 2022

EBITDA-margin

KONGSBERG

MARITIME>13%

EBITDA-margin

KONGSBERG DEFENCE

>16%

& AEROSPACE

EBITDA-margin

KONGSBERG

>14%

DIGITAL AND OTHER

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

15

Kongsberg

Defence &

Aerospace

Kongsberg

Maritime

Kongsberg Digital

STRATEGIC PRIORITIES

  • Focus on cost efficiency
  • Drive digital transformation
  • Strong commitment to ESG
  • Deliver on strong project portfolio
  • Secure the opportunity pipeline
  • Foster our partnerships
  • Lead the market for integrated maritime green solutions
  • Strengthen footprint within sensors and robotics
  • Lead the Intelligent Vessel revolution
  • Secure our leading position in Dynamic Digital Twins
  • Vessel Insight as leading digital platform for Maritime
  • Focus on growth through SaaS business model

DELIVER ON TARGET

POSITIONED FOR

TOMORROW

WORLD CLASS - Through people, technology and dedication

KONGSBERG PROPRIETARY - See Statement of Proprietary information

16

OUR COMMITTMENT:

CREATING VALUE THROUGH PEOPLE, TECHNOLOGY AND DEDICATION

KONGSBERG PROPRIETARY - See Statement of Proprietary information

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Kongsberg Gruppen ASA published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 11:02:03 UTC