How To Make Money From Acta

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1 Acta Holding ASA Presentation 2nd quarter 25 Simen Mordre, CEO Jan Rune Steinsland, CFO August 11, 25

2 Agenda Highlights 2nd quarter Strategy Interim Financial Statements Segment information Shareholder matters Perspectives 2

3 Highlights 2nd quarter 25 High gross subscriptions of Million kroner increase of 88% compared to 2nd quarter 24 Revenue of 344 Million kroner 214% higher than 2nd quarter 24 Operating earnings of 25 Million kroner compared to 29 Million kroner 2nd quarter 24 Strong performance in Acta Sweden with operating earnings of 75 Million kroner year to date Assets under management increased from 34 to 38 Billion kroner in the 2nd quarter Positive development in customer satisfaction 3

4 Actas vision and strategy Goal and vision Strategic focus Activities The leading independent advisor in the Nordic savings market First class advisory services High market presence Recruitment processes Competence building Customer satisfaction Local presence, office network in N and S On customers bidders list We give advise to freedom! Product leadership Attractive business model and competitive return Product range and quality High degree of innovation Competitive return High earnings and dividend potential More robust for cyclical shifts 4

5 Acta s goal and strategy unchanged Nordic Leading Independent 5

6 Strategic focus the next 3 years Segment Norway Sweden Denmark Finland >1 mnok 1 knok 1 mnok < 1 knok 6

7 High market presence - 33 Advisory offices Ålesund 9 Advisors Tromsø 4 Advisors # Offices Norway Sweden 18 Trondheim 6 Advisors Total 33 # Employees 15 Haugesund 5 Advisors Voss rep. office Bergen 11 Advisors Stord rep. office Hamar 5 Advisors Oslo 11 Advisors Fredrikstad 5 Advisors Borås 3 Advisors Sundsvall rep. office Karlstad 4 Advisors Västerås 5 Advisors Uppsala 6 Advisors Gävlerep. office Advisory Norway Advisory Sweden Sum front office Admin Total employees Stavanger head office 8 Advisors Total 29 Stockholm 15 Advisors Norrköping rep. office Linköping 6 Advisors Tønsberg 5 Advisors Kristiansand 8 Advisors Drammen rep.office Asker 7 Advisors Eslöv 2 Advisors Kristianstad/ 4 Advisors Jönköping 5 Advisors 7 Updated per Göteborg 11 Advisors Kungsbacka/Varberg 2 Advisors Halmstad 5 Advisors Malmö 1 Advisors Helsingborg 3 Advisors Lund 5 Advisors

8 8 7 6 Customers Total number of customers Development 25 Norway Sweden Q5 2Q customers in Norway and 4. in Sweden The number of customers related to the acquisition of Svenska Spar is estimated at 2.. To be revised based on which customers Acta wants to continue to advise. The outcome of the revision will be +/- 8. customers. New -216 Outflow 72% of revenues in Norway and 47% in Sweden is related to existing customers Good progression in customer satisfaction both in Norway and Sweden

9 Gross subscriptions 4 35 Gross subscriptions (mnok) Sweden Norway Gross subscriptions year to date pr asset class 3 28 % 2 % 13 % 4 % Q3 2Q3 3Q3 4Q3 1Q4 2Q4 3Q4 4Q4 1Q5 2Q5 M/H Funds Unit Link IL Bonds Real Estate Shipping 53 % High gross subscriptions in 2nd quarter of Mnok Lower than 1st quarter due to lower seasonal productivity in 2nd quarter and activities around the establishment of Shipping as an asset class Highest subscriptions in Indexed Linked Bonds and Real Estate followed by Mutual Funds Subscriptions in Shipping over 1 Million kroner in 2nd quarter 9

10 Assets under management Assets under management (Bn Nok) Norway Sweden Assets under management pr asset class M/H Funds Unit Link IL Bonds Real Estate Other YE 2 YE 21 YE 22 YE 23 YE 24 1Q25 2Q25 Assets under management has increased from 34 til 38 Bn kroner in 2nd quarter Includes a negative effect from the sale of properties from Kontorbygg Holding 1 AS of 2 Bn kroner 1 Real Estate project debt of 14 Bn kroner is included in asset class Real Estate Significant Mutual Fund exposure through unit-link products

11 Key financial data 2Q 2Q 1-2Q 1-2Q Mnok Transaction revenues Management fees Total revenues Variable operating costs Fixed operating costs Depreciations etc Operating earnings Net financial items Net income before tax Tax Net income after tax High revenues in 2nd quarter from high gross subscriptions and high volume of completed real estate transactions High variable costs primarily due to high subscription volume Extraordinary cost of 9 Million kroner related to a receivable write-down Operating earnings at record levels 11

12 Revenue Total revenues (mnok) Recurring revenues (mnok) Q 2Q 3Q 4Q 1Q3 2Q3 3Q3 4Q3 1Q4 2Q4 3Q4 4Q4 1Q5 2Q5 First quarter in two years with higher volumes invested than equity subscribed in Real Estate Recurring revenues of 21 Mnok goal of a yearly rate of 1 Million kroner by 4th quarter 82% of assets under management of 38 Bn kroner generate recurring revenues up from 62% one year ago Close to 1% of gross subscriptions generate recurring fees 12

13 Operating costs 1 Fixed operating costs (mnok) 7 Variable operating costs (mnok) Q 2Q 3Q 4Q 1Q4 2Q4 3Q4 4Q4 1Q5 2Q Variable commission Profit split offices Bonus admin. Higher variable costs from a high business volume Increased fixed costs from a larger organisation and higher activity Focus to limit cost growth to customer oriented activities 13

14 Operating earnings Record high operating earnings Million kroner Increased operating earnings compared to last year from increased business volume in both Norway and Sweden Q 2Q 3Q 4Q 14

15 Very good 2nd quarter in Acta Norway Gross subscriptions (mnok) Revenue (mnok) Operating earnings (mnok) Q 2Q 3Q 4Q Q 2Q 3Q 4Q Q 2Q 3Q 4Q Main parameters for 2nd quarter (2nd quarter 24 in parenthesis) Gross subscriptions Mnok (1.8 Mnok) Highest gross subscriptions within Index Linked Bonds and Real Estate Revenues 246 Mnok (75 Mnok) Operating earnings 152 Mnok (23 Mnok) 75 advisors by quarter end (76 advisors), increased to 84 early August 15

16 Strong development in Acta Sweden in Gross subscriptions (mnok) 1Q 2Q 3Q 4Q Revenue (mnok) 1Q 2Q 3Q 4Q Operating earnings (mnok) 1Q 2Q 3Q 4Q Main parameters for 2nd quarter (2nd quarter 24 in parenthesis) Gross subscriptions 988 Mnok (498 Mnok) Highest gross subscriptions within Mutual Funds Revenues 98 Mnok (35 Mnok) Operating earnings 56 Mnok (11 Mnok) 87 advisors by quarter end (52 advisors)- increased to 94 early August 16

17 Solid balance sheet and very good liquidity MNOK 2Q5 24 Fixed assets 18 2 Other intangible assets Deferred tax asset 4 61 Receivables Bank deposits / gov.bonds Total assets Equity Long term debt - interest bearing 36 Taxes payable 42 Salary and social costs Other short term debt Total debt Total equity and debt Equity increased by this years profit of 244 Million kroner, but reduced by dividend payment of 315 Million kroner Very good liquidity situation Deferred tax asset utilized in 2nd quarter. Calculated payable tax rate 2nd quarter 2 % of profit before tax 17

18 Shareholder matters (per 5/8/5) 18 Name % Spring Capital AS / Spring Active AS (Ydstebø/Ingebrigtsen) 29,6 % Jan Petter Collier / Sanden AS 4,1 % State Street Bank & Trust Co 4, % JPMorgan Chase Bank 3, % Bank of New York, Brussels Branch 3, % Bank of New York, Brussels Branch 2,2 % Investors Bank & Trust company 1,9 % Banque Franck SA 1,5 % Handelsbanken Markets 1,4 % Barclays Bank PLC 1,4 % Fortis Global Custody Services NV 1,1 % UBS AG, London Branch 1,1 % JP Morgan Chase Bank 1,1 % Principal Life Ins Co 1, % JP Morgan Chase Bank 1, % Steinar Lindberg 1, % UBS Tamarack Intl.fund LLC,9 % JP Morgan Chase Bank,9 % Bank of New York, Brussels Branch,8 % Lamholmen AS,8 % 2 largest shareholders 61,8 % Other shareholders 38,2 % SUM 1, % Average of 2.3 Million shares traded per day in 1st half of 25 Foreign shareholders increased their ownership significantly from 6% at year end 24 to 39% in August ,7 Million shares issued No outstanding options or warrants

19 Operational and financial key figures 2Q5 1Q5 4Q4 3Q4 2Q4 1Q4 Advisors at quarter end Office managers/advisors/trainees 1) AUM/Customer (knok) Total revenues/advisor (mnok) 2,3 1,5 1,8,8,9,9 Management fees/fixed costs 28 % 28 % 24 % 3 % 21 % 21 % Management fees/aum (Bp/year) 2) Earnings per share before tax - diluted (nok),82,53,58,28,11,16 Earnings per share after tax - diluted (nok),59,38,56,2,8,12 Return on capital employed - annualised 267 % 16 % 155 % 11 % 48 % 67 % Return on equity - annualised 284 % 162 % 159 % 16 % 51 % 8 % 1) Increased from 2 by quarter end to 216 early August 2) Significant increase in AUM within real estate 2nd quarter. Generates management fees from 3rd quarter, resulting in a decrease from 25 to 23 basis points 19

20 Perspectives and priorities next quarters Continued focus on customer related activities Increased focus on product innovation, including real estate, to ensure good investment opportunities for Acta s customers 3rd quarter is expected to show a seasonal decrease in gross subscriptions and revenues The revenue and earnings split on 3rd and 4th quarter will be dependent on timing of real estate syndications Given unchanged market conditions and continued high performance from the organisation, the 2nd half of 25 is expected to be good 2

21 Growth areas Increase penetration of existing markets - Open two new offices in Oslo and Lillestrøm, outside Oslo in the 2nd half of 25 - Open two new offices in Stockholm in the 2nd half of 25 - Increase the number of advisors and office managers from 2 at quarter end to 25 by the end of the year, exceeding 3 in 26 Start operations in another Nordic country within 6-9 months Evaluate minor acquisitions in all Nordic countries 21