Transfer Group (TRNSF) investor relations material

Executive summary

• Focused on organizational efficiency and cost control to build a foundation for long-term profitability and growth; EBITDA turned positive for the quarter, and order backlog increased as all subsidiaries secured new contracts.

• Strategic streamlining towards core areas: security technology, services, and infrastructure, with stable demand and recurring revenue.

• Major breakthrough for Sensec Solutions AS in Norway, securing preferred supplier status in a national procurement worth approximately 800 million NOK and another contract worth 35 million EUR, totaling about 1.2 billion SEK.

• Ongoing sales process for Sensec group, with multiple interested parties and a preliminary purchase price model ranging from 109.9 to 122.9 MSEK.

• Altum Security and Amigo Safe SOC reported new significant orders and strengthened market positions.

Financial highlights

• Q3 net sales: 37,977 TSEK, down 7% year-over-year; YTD net sales: 107,337 TSEK, down 14% year-over-year.

• Q3 EBITDA: 123 TSEK (0.3% margin), down from 2,606 TSEK (6.4% margin) last year; YTD EBITDA: -4,596 TSEK (-4.3% margin), down from 7,912 TSEK (6.3%).

• Q3 operating income: -5,030 TSEK; YTD operating income: -19,196 TSEK.

• Q3 net result: -7,902 TSEK (EPS: -0.03 SEK); YTD net result: -23,244 TSEK (EPS: -0.07 SEK).

• Q3 cash flow from operations: -7,278 TSEK; YTD: -28,635 TSEK.

• Gross margin improved to 46.7% in Q3 (from 40.0%); YTD gross margin 50.2% (from 42.8%).

Outlook and guidance

• Q4 expected to be the strongest quarter in terms of sales and results due to seasonal effects and large orders scheduled for delivery.

• Focus on converting order backlog into revenue and optimizing cash flows.

• No updated financial targets communicated due to ongoing Sensec divestment; new targets to be set post-transaction.