ISS (ISS) investor relations material

Opening remarks and agenda

• The meeting opened with safety instructions and a welcome to both in-person and webcast participants.

• The agenda included standard AGM items and three board proposals: share capital reduction, technical amendment to articles, and updated remuneration policy.

• The meeting was duly convened, with all legal requirements met and 70% of share capital represented.

Financial performance review

• EPS grew by 9% in 2025, with organic growth at 4.3% and operating margin above 5%.

• Free cash flow reached DKK 2.7 billion, with a cash conversion of 64%.

• Revenue increased by 1.1%, and return on invested capital was 15.4%.

• Over DKK 3 billion was distributed to shareholders, and leverage reduced to 2.3x.

• Moody’s upgraded the company’s rating, reflecting strong financial performance.

Board and executive committee updates

• All eight independent board members were nominated for re-election, with no changes proposed.

• Board evaluation showed high performance, with focus areas identified: talent development, industry trends, and AI utilization.

• Executive remuneration policy was slightly amended, enhancing long-term incentives and share ownership requirements.