Talenom (TNOM) investor relations material

Demerger and Strategic Rationale

• Completed demerger with Easor, creating two independent, listed companies with separate strategies and management teams; shareholders received one Easor share per Talenom share.

• The split enables both entities to operate flexibly, focus on core strengths, and pursue growth independently.

• Talenom can now leverage best-in-class software solutions, not tied to a single platform.

• Demerger completed by February 28, 2026, with Easor trading starting March 2, 2026.

Company Overview and Market Focus

• Operates in Finland, Sweden, and Spain, focusing on organic growth and selective acquisitions in existing markets.

• Employs 1,235 people across 72 offices.

• Market share remains small: ~5% in Finland, ~1% in Spain, <0.1% in Sweden.

• Revenue is highly recurring, mainly from accounting, payroll, and accounts receivable services, with value-added services supporting growth and retention.

• No plans for expansion into new countries; sees significant growth potential in current markets due to low market shares.

Industry Evolution and Technology

• Industry is shifting from paper-based to digital and now to service and advisory focus, with differentiation based on customer experience.

• European accounting market is fragmented, with rising regulatory demands driving consolidation.

• AI and automation are integral to the One Talenom concept, enhancing productivity and freeing up time for value-added client interactions.

• Digitalization varies by country: Finland is advanced, Sweden is transitioning, Spain is early-stage.

• AI is used in manual work reduction, information retrieval, and client meeting preparation.