#1T<H TKH GROUP NV GENERAL INVESTOR PRESENTATION NOVEMBER 2023 ww#22 IMPORTANT INFORMATION - DISCLAIMER Cautionary note regarding forward looking statements Statements included in this presentation that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are forward-looking statements. These statements are only predictions and are not guarantees. Actual events or the results of our operations could differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements are typically identified by the use of terms such as "may", "will", "should", "expect", "could", "intend", "plan", "anticipate", "estimate", "believe", "continue", "predict", "potential" or the negative of such terms and other comparable terminology. The forward-looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements. TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 TH SMART TECHNOLOGIES <#3Market Update Q3 2023 Turnover € 458.5m Q3 2022: € 451.2m +1.6% organically ROS 11.8% EBITA € 54.3m Q3 2022: € 55.2m - 1.7% Order book € 994.4m Q3 2022: 12.2% June 30, 2023: € 999.9m ■ Amidst challenging market circumstances, performed well during Q3 2023 ■ Added value increased, effect of sales price increases and easing of supply chain constraints ■ Smart Manufacturing systems showed strong results, due to easing of supply chain constraints ■ Smart Vision and Smart Connectivity systems impacted by destocking and challenging market conditions ■ EBITA impacted by cost increases due to additional personnel for ramp-up of new plants Acceleration of divestment opportunities in coming 12 months Use of funds for investments in our core technologies as well as further share buyback programs TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 TH SMART TECHNOLOGIES <#4Market Update Q3 2023: Strong strategic progress cae GROUPE Closing divestment of cable distribution activities TKH France (one-off net profit of €20m) Started second €25m share buyback program of this year VATTENFALL Framework agreement awarded for the single-source supply of inter-array cables for all of Vattenfall's European windfarms in the coming years First project to be called off under framework agreement is German Nordlicht cluster Opening and ramp-up of fibre optic cable and specialty cable facilities in Poland Closing of cable production activities in China due to EU and UK anti-dumping duties on fibre optic cables Strong strategic progress despite challenging market circumstances 4 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 TH SMART TECHNOLOGIES <#5Content 1 Profile 2 Accelerate 2025 Strategy 3 Capital Allocation & Strategic Priorities 4 Track Record 5 Reporting Segments CO Highlights and Financial Performance H1 2023 6 7 Outlook TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 TH SMART TECHNOLOGIES <#6PROFILE#7TKH - Technology leader in high growth markets SMART Technologies built on innovation Together with our customers, we develop innovative technologies that make the world more efficient and more sustainable SMART VISION SYSTEMS TKH WORLDWIDE TOTAL FTE > 7,000 SMART MANUFACTURING SYSTEMS NORTH AMERICA € 109 mln turnover TURNOVER H1 2023 € 947.6 mln (FY22: € 1,817 mln) SDGs 68% of turnover linked to SDGs ENTREPRENEURIAL High level of customer intimacy EUROPE (OTHER) € 404 mln turnover OTHER € 38 mln turnover 7 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 SMART CONNECTIVITY SYSTEMS THE NETHERLANDS € 244 mln turnover ASIA € 153 min turnover TH SMART TECHNOLOGIES <#8Smart Technologies that connect ONNECTIVITY System CLIENT INSIGHT COMPONENTS ARTIFICIAL INTELLIGENCE CUSTOMER F SMART VISION Systems that hear and see DEEP LEARNING HARDWAR Specialized in the development of innovative, client-centric systems that drive success in automation, digitalization, and electrification By integrating hardware, software, and customer-focused insight, our smart technologies provide unique answers to client challenges Creating one-stop-shop, plug-and-play innovations for Smart Vision, Smart Manufacturing and Smart Connectivity technology Making the world more efficient and more sustainable TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 SMART TECHNOLOGIES < TH#9Built on innovation 9 TH Innovations as % of turnover MORE THAN 15% TURNOVER REALIZED 25% BY INNOVATIONS 20% 20.6% 15.0% 30% OF OUR TECHNOLOGY PROPOSITION IS SOFTWARE DRIVEN 15% Innovations: defined as technologies 10% introduced in last 24 months 5% >750 FTE IN R&D AND 0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 H1 2023 SOFTWARE DEVELOPMENT MORE THAN H1 23LTM 2022 € 70 MLN ANNUAL R&D SPEND 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 1.3% 10 20 20 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 Annual R&D spend, and annual R&D spend as % of turnover 2.1% 30 30 3.9% 13.7% 4.2% 4.7% 4.2% 4.2% 4.0% 3.7% 3.0% 2.8% 40 40 50 50 60 70 70 80 in million € 1,400+ PATENTS TO SECURE VALUE PROPOSITION SMART TECHNOLOGIES<#10In high growth markets Ratio 10 Job vacancies per unemployed (US & UK) LACK OF LABOUR PRODUCTIVITY RELIABILITY ACCURACY 5 0 2008 MOBILITY SPEED In billions 30 CLOUD COMPUTING 20 110 0 2009 2010 2011 2012 2013 2014 Connected devices worldwide from 2022 - 2030 2015 2016 2017 2018 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 ⚫UK US % CLIMATE CHANGE Electricity as % of global energy demand 39% 40 SCARCITY NATURAL RESOURCES 30 20% 20 10 0 2021 2030 2040 2050 Sources: US Bureau of Labour Statistics, UK Office for National Statistics & IAE 2022 report +/- 75% of turnover directly related to megatrends 10 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 AUTOMATION Industry 4.0 'hands-off, eyes-off' manufacturing DIGITALIZATION Continuous development of higher speed bandwidth networks ELECTRIFICATION Acceleration of Energy Transition SMART TECHNOLOGIES < TH#1111 Leading market positions GEOGRAPHICAL MARKETS MAIN END MARKETS TKH SMART VISION SYSTEMS VISION 3D 2D 20 Security Vision TKH SMART MANUFACTURING SYSTEMS TKH SMART CONNECTIVITY SYSTEMS TIRE BUILDING ENERGY Offshore Onshore GLOBAL MARKET STRONG MARKET GLOBAL MARKET GLOBAL MARKET GROWING MARKET MARKET LEADER LEADER POSITIONS LEADER IN LEADER POSITIONS HIGH END MARKET DIGITALIZATION = 1 + GROWING MARKET POSITIONS OIC 4 Factory Automation Factory Automation Building & infrastructure Tire manufacturers Network companies Offshore Utility companies Onshore Utility companies Consumer Electronics Medical/Healthcare Mobility Battery Inspection Wood Benefitting from TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 MARKET LEADER High barriers to entry: combination of advanced technology levels, patented technologies, expertise and capital required to enter market SMART TECHNOLOGIES < TH#12ACCELERATE 2025 STRATEGY#13Accelerate 2025: Roadmap to turnover and ROS target Unlocking the full potential of our leading technologies TH Areas ORGANIC GROWTH/ COST EFFICIENCY INNOVATIONS Contribution to turnover target > € 2 billion > € 300 million Contribution to ROS improvement target > 17% 1) > 2.5% > € 200 million > 2.0% ACQUISITIONS € 100-150 million PORTFOLIO MANAGEMENT - € 150-200 million 1) ROS improvement is based on reference ROS of 12% 13 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 > 0.5% Commentary to 2025 targets Scale effect-due to organic growth- on opex and cost of goods sold, productivity & yield improvement programs Acceleration of our innovations in terms of turnover, benefit from learning curve and economies of scale Acquisitions that strengthen our portfolio of proprietary technologies in the area of software, and/or strengthen our sales network Divestments that do not contribute towards achieving our long-term strategy & targets SMART TECHNOLOGIES <#14Accelerate 2025: Roadmap to turnover & ROS Targets TH H1 2023 Turnover €947.6 m ☐ ■ 18.0% ROS 12.3% 12.6% 11.5% SMART VISION SMART MANUFACTURING Acquisitions Organic Growth + Organic Growth SMART CONNECTIVITY Organic Growth Strategic Investment Plan 2025 Turnover > €2.0 bn Topline organic growth on the back of further investments into software & Al and megatrend automation Strategically fitting acquisitions High value add leading to ROS expansions with turnover growth Topline organic growth on the back of strong order book Margins to normalize as component shortages easing ROS margin to expand as ■ Topline organic growth to continue Strategic investment program in higher margin activities ROS ☐ Operational leverage leading to ROS margin expansion 17% ■ €10m anti-dumping duties to become obsolete Divestments of more commoditized activities H1 23 2022 2021 H1 23 2022 2021 H1 23 2022 2021 Turnover 250.2 EBITA 44.9 ROS 18.0% 499.7 95.5 19.1% 17.2% 429.8 Turnover 263.3 491.2 419.1 73.8 EBITA 32.5 69.1 59.4 ROS 12.3% 14.1% 14.2% Turnover EBITA ROS 451.8 848.6 692.3 52.0 87.3 73.2 11.5% 10.1% 10.6% = impact on ROS, 14 = impact on turnover; sizes are arbitrary and serve for illustrative purposes only TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 SMART TECHNOLOGIES <#1515 Priority on ESG BEING RESPONSIBLE TALENTED PEOPLE & EMPOWERMENT Key non-financial KPIs CO₂e FOOTPRINT REDUCTION (Scope 1 & 2) Compared to 2019 Target 100% neutrality by 2030 H1 2023 45.0% 2022 42.7% 2021 29.8% % WASTE Target <5% waste H1 2023 4.0% 2022 5.3% 2021 5.2% RECYCLING of most relevant raw materials Target >80% recycling H1 2023 83.3% 2022 88.0% 2021 83.2% SATISFACTION SCORE Customers Target Average score above benchmark (7.8) 2022 8.6 2021 8.4 CODE OF SUPPLY Signed by suppliers Target >90% strategic suppliers signed up 2022 91.9% 2021 92.4% DIVERSITY Female Executive and Senior Management Target>25% by 2030 H1 2023 18.9% 2022 18.4% 2021 17.7% ACCIDENT RATE (LTIFR) Target <1.0 ILLNESS RATE Target < 4.0% SATISFACTION SCORE Employees Target > 7.5 Code of Conduct Number of reported breaches Target 0 H1 2023 0.7 H1 2023 3.75% 2022 4.04% 2022 7.6 2022 No breaches 2021 7.4 2021 No breaches 2022 0.8 2021 0.7 2021 3.56% 15 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023#1616 Priority on ESG TKH has a broad portfolio of products and solutions that are aligned with the Sustainable Development Goals (SDGs) defined by the United Nations Technology segment Technology segment SMART VISION SYSTEMS Megatrend AUTOMATION SDG SMART VISION SYSTEMS Megatrend DIGITALIZATION SDG 9 GIGE NOISIA GIGE 3 16 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 Technology segment SMART VISION SYSTEMS Megatrend AUTOMATION 3 N SDG 9 Technology segment Technology segment Technology segment SMART MANUFACTURING SYSTEMS Megatrend AUTOMATION SMART CONNECTIVITY SYSTEMS Megatrend AUTOMATION SMART CONNECTIVITY SYSTEMS Megatrend ELECTRIFICATION 9 SDG 9 SDG SDG 9 7 3 69% of turnover linked to SDGs GOOD HEALTH AND WELL-BEING W 7 AFFORDABLE AND CLEAN ENERGY INDUSTRY. INNOVATION AND INFRASTRUCTURE 11 SUSTAINABLE CITIES AND COMMUNITIES#17CAPITAL ALLOCATION & STRATEGIC PRIORITIES#18Capital allocation CAPITAL EXPENDITURE In million € 150 125 100 75 50 25 0 Strategic Investments 2014 2015 2016 2017 2018 2019 2020 2021 2022 H1 23 ■Property, plant, and equipment ■Intangible assets DEBT LEVERAGE 3,0 2,5 2,0 1,5 1,0 0.5 0,0 dec-08 dec-09 dec-10 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 dec-11 dec-12 dec-13 dec-14 dec-15 dec-16 dec-17 dec-18 dec-19 dec-20 dec-21 dec-22 18 2023: PP&E capex of € 200 million of which € 160 from Strategic Investment Program ACQUISITIONS & DIVESTMENTS In million € 150 ggg 100 50 H -50 -100 2014 2015 2016 2017 2018 2019 2020 2021 2022 H1 23 DIVIDEND € 2,00 Target net debt/ EBITDA < 2.0 € 1,50 € 1,00 € 0,50 € - ■Divestments ■ Acquisitions 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Acquisitions that strengthen our portfolio; divestments that do not contribute towards achieving long-term targets Aim for a dividend pay-out of between 40% and 70% SMART TECHNOLOGIES < TH#19Strong progress in our strategic positioning TKH VISION TH TKH DIGITAL TRANSFORMATION cae GROUPE • Closing divestment of cable distribution activities TKH France (one-off net profit of €20m) VISION Further positioned the TKH Vision group as a one-stop-shop technology partner for customers: • Invested in expanding the sales organization Preparing for the opening of additional Solution Centers for TKH Vision, besides the one in Konstanz 19 • • Upscaling and upskilling of shared technology service center in Poland (100 FTEs) and strengthening management Set-up of Artificial Intelligence hub in Amsterdam W . Opening and ramp-up of fibre optic cable and specialty cable facilities in Poland Announced closing of cable production activities in China due to EU and UK anti- dumping duties on fibre optic cables Started second €25m share buyback program of this year TH Further strategic focus on our differentiating and innovative power in smart technologies to drive added value at higher levels TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 SMART TECHNOLOGIES <#20TH € 200m Strategic Investments progressing well Production capacity expansions on schedule to meet increased demand in automation, digitalization, and electrification € 150 million investment ELECTRIFICATION € 50 million investment DIGITA- LIZATION AUTOMATION Offshore: New Subsea Cable factory Eemshaven (Netherlands) Start serial production in Q2 2024 Onshore: Expansion factory for Medium & High Voltage cables Lochem (Netherlands) New Fibre Optic Cable factory Rawicz (Poland) Single source framework contract for 3y+5y established with Vattenfall for Europe and large contract awarded by Ørsted for supply of 200 km inter-array and other cables; promising sales funnel Operational in phases in Q3 2023 Operational in Q3 2023 Selected as one of the suppliers by system operator TenneT for the supply of high- voltage cables in the coming years New plant in Poland will eliminate EU imposed import duties (€ 10 million in 2022) Securing additional capacity to benefit from megatrends resulting in additional € 250 - € 300 million turnover in coming years Expansion with new factory for Specialized Connectivity Systems Rawicz (Poland) Expansion Tire Building Systems factory Leszno (Poland) Operational in Q3 2023 Operational in Q2 2023 Expansion in Poland will increase capacity and reduce lead time for specialized connectivity systems Additional capacity for high order intake and order book in Tire Building 20 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 SMART TECHNOLOGIES <#21TRACK RECORD Q V3#22TKH's evolution into today's technology leader TH SEGMENT SPLIT EBITA 2008 15% 13% O 52% ■Smart Vision 20% ■Smart Manufacturing ■Smart Connectivity 22 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 2007 2008 In million € 2.000 1.800 1.600 1.400 1.200 1.000 800 600 400 200 0 2009 2010 2011 37% 29% ■Discontinued O ■Smart Vision systems Smart Manufacturing systems Smart Connectivity systems Discontinued DEVELOPMENT OF TURNOVER 2012 2013 2014 2015 2016 2017 SEGMENT SPLIT EBITA H1 23LTM 2018 2019 2020 2021 2022 H1 23LTM R&D EXPENDITURE In million € 80 5% 70 4% 60 50 3% 40 30 2% 20 1% 10 0 0% 2014 2015 2016 2017 2018 2019 2020 2021 2022 H1 23 LTM As % of turnover 1.000 800 40% 600 400 200 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 ORDER BOOK DEVELOPMENT 2007 - H1 2023 In million € R&D expenditure 2016 2017 Order book value SMART TECHNOLOGIES < 2018 2019 2020 2021 2022 H1 23#23Our track record TURNOVER ROS ROCE DIVIDEND PER SHARE EARNINGS PER SHARE* in million € 2.000 14% 25% € 2,00 € 4,00 1.750 12% 20% € 3,00 1.500 € 1,50 10% 1.250 1.000 750 500 250 0 do do do do do 15% 8% € 2,00 € 1,00 6% 10% € 1,00 4% € 0,50 5% 2% € 0,00 2002 2012 2022 0% 0% € 0,00 2002 2012 2022 2002 2012 2022 2002 2012 2022 -€ 1,00 23 23 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 2002 2012 2022 * Normalized for amortization PPAs from acquisitions and one-off income and expenses TH SMART TECHNOLOGIES <#24REPORTING SEGMENTS Mat P. Brooks Bingbing Cao Ivars Castle Doug C. Coello#25Smart Vision Systems (in million € unless stated otherwise) H1 2023 H1 2022 A in % Q3 2023 Turnover 250.2 234.8 +6.6% - 6.9% vs Q3 2022 Added value 59.6% 58.1% EBITA 44.9 41.6 +7.9% ROS 18.0% 17.7% vs H1 2023 Orderbook 143.9 EBITA** & ROS Turnover (€ m) 337.4 360.9 393.2 393.0 429.8 499.7 YoY growth (%) 4.0% 7.0% 8.9% -0.1% 9.4% 16.3% 120 100 80 60 40 34.1 20 0 2017 25 TH • HIGHLIGHTS Q3 2023 The turnover at Security Vision remained stable in a market with short ordering cycles The turnover at 2D and 3D Machine Vision declined, due to destocking effects and lower demand in the consumer electronic and factory automation market • The ROS decreased compared to the first half of 2023 due to the lower activity level while continuing the cost level to anticipate the next upturn TURNOVER SPLIT 19.1% 19.0% 20 17.2% 20 Other 13% 15.8% 15.8% 14.3% 95.5 98.8 15 73.8 10.1% 62.1 56.9 56.3 87% 10 2018 2019 2020 2021 2022 H123LTM LO Adjusted for acquisitions and currency effects, turnover increased 4.8% organically, with price effects accounting for 4.0% EBITA before one-off income and expenses Vision Technology GEOGRAPHICAL SPLIT 3% 9% 21% O 22% ■Netherlands Europe (other) ■ Asia North America ■ROW 45% SMART TECHNOLOGIES <#26Smart Vision systems PROPOSITION MARKETS (amounts in billion €) 2D & 3D MACHINE VISION Area scan, Line scan, 3D, Embedded, High-speed, SWIR, UV, Polarized SECURITY VISION 11.6% CAGR SECURITY VISION Video surveillance, Video hardware, Mission critical communication, Video management, Parking guidance MARKET POSITIONS 2D & 3D MACHINE VISION 3D MACHINE VISION 29.5 0.5 7.6% Factory Automation Battery Inspection CAGR 4.7 0.9 GLOBAL MARKET LEADER Consumer Electronics Wood 17.4 0.7 OTHER Access control, Alarm systems 0.3 3.3 2D MACHINE VISION 0.4 0.6 0.5 0.4 28.1 0.3 0.7 0.3 16.6 0.5 STRONG MARKET Factory Automation Medical/ Healthcare 2.0 POSITIONS 1.4 2021 2026e 2021 2026e SECURITY VISION Video Surveillance ■Video Intercom ■Parking Guidance Manufacturing ■Traffic ■Retail Logistics ■Medical ■Agriculture GLOBAL MARKET LEADER IN HIGH END MARKET ■ Other Source: Yole Development 2021 various market reports, TKH 'estimates KEY DIFFERENTIATOR - FULL RANGE OF TECHNOLOGY FOR CUSTOMIZED AND INTEGRATED SYSTEMS 26 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 Building & Infrastructure Mobility TH SMART TECHNOLOGIES <#27Smart Manufacturing Systems (in million € unless stated otherwise) H1 2023 Turnover 263.3 H1 2022 256.0 A in % Q3 2023 • +2.8% +28.0% vs Q3 2022 Added value EBITA ROS 49.5% 48.7% 32.5 38.0 -14.5% 12.3% 14.8% ◆ vs H1 2023 Orderbook 598.5 TH • • • HIGHLIGHTS Q3 2023 Tire Building showed strong turnover growth, driven by the easing of component shortages and a continued strong order book, The other activities also recorded increases in turnover. ROS increased compared to the first half of 2023, benefiting from the turnover growth, increased added value and the reduction of operational inefficiencies at Tire Building. The order book and order intake remain high. EBITA** & ROS Turnover (€ m) 408.2 452.5 447.9 349.5 YoY growth (%) 11.1% 10.9% -1.0% -22.0% 419.1 19.9% 491.2 17.2% TURNOVER SPLIT 16.2% 15.8% 70 15.3% 60 50 40 73.1 71.0 62.4 59.4 30 41.4 lillo 2220 10 0 2017 2018 2019 2020 2021 2022 1H23 LTM 72% Tire Building 69.1 14.1% 20 14.2% 13.1% 28% Other 11.8% 15 10 63.7 ** 27 Adjusted for acquisitions and currency effects, turnover increased 3.0% organically, with price effects accounting for 2.6% EBITA before one-off income and expenses GEOGRAPHICAL SPLIT 21% 8% 9% 31% 31% ■ Europe (other) ■ North America ■Netherlands ■ Asia ■ROW SMART TECHNOLOGIES <#28Smart Manufacturing systems PROPOSITION TIRE BUILDING SYSTEMS Passenger & Truck tire building machines, Bead assembly OTHER Care systems, Industrial automation systems, Advanced measurement systems, Custom sensors & PE MARKET DRIVERS TIRE BUILDING 1 Increasing number of units in stock with 7% annual increase 2 Increased complexity: continuous increase of rim size leading to increase in sizes in range MARKET POSITIONS TIRE BUILDING US replacement market (stock keeping units) Tire inch market split GLOBAL MARKET 70% Tire manufacturers 60% LEADER 40% 30% 625 267 2000 2022 2022 2030 ■≤17" tires ■≥ 18" tires 3 Reshoring - Replacement of production capacity closer to the market, resulting in investments in US and EU Reducing vulnerability to geopolitics Reducing vulnerability on supply chain disruptions Fast response to local demands Sustainability considerations - Costing: less vulnerable to volatile transportation costs 4 Investments in green & smart factories and in greener products KEY DIFFERENTIATOR - VISION TECHNOLOGY FOR TIRE BUILDING TECHNOLOGY SUCCESS 28 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 TH SMART TECHNOLOGIES <#29Smart Connectivity Systems (in million € unless stated otherwise) H1 2023 H1 2022 A in % Q3 2023 Turnover 451.8 420.0 +7.8% -7.8% vs Q3 2022 Added value 41.1% 38.5% EBITA 52.0 44.6 +16.4% ROS 11.5% 10.6% vs H1 2023 Orderbook 257.5 ** EBITA & ROS Turnover (€ m) 546.7 597.4 609.8 565.6 692.3 848.6 YoY growth (%) 17.5% 9.3% 2.1% -7.3% 22.4% 22.6% TH • • • • HIGHLIGHTS Q3 2023 As expected, Smart Connectivity systems' turnover decreased; Q3 turnover included the contribution of the recently divested TKH France Onshore energy cable turnover was impacted by destocking, due to delays encountered by utility companies with the roll-out of their network infrastructure projects Offshore energy cable capacity was underutilized due to the postponement of an order to 2024, as previously communicated The new fibre optic and specialty cable plants in Poland were officially opened in early September and are rapidly ramping up, leading to an expansion in the number of employees Due to the doubling of the EU anti-dumping duties and the implementation of anti- dumping duties on optic cables from China to the United Kingdom, TKH decided to close the cable production activities in China, for which one-off costs will be recognized in Q4 of 2023. TURNOVER SPLIT 10.7% 10.6% 100 10.3% 12 9.3% 9.3% 9.2% 80 8.0% 10 94.6 87.3 73.2 28% Other 60 6 55.5 56.0 40 50.6 45.2 4 20 2 0 0 2017 2018 2019*** 2020** **** 2021 2022 H123 LTM 38% Energy milo 34% Digitalization GEOGRAPHICAL SPLIT 5% 48% 1%2 2% O 44% ■ Europe (Other) 29 29 ** **** Adjusted for acquisitions and currency effects, turnover increased 7.8% organically, with price effects accounting for 5.1% EBITA before one-off income and expenses In Aug 2019, CCG was divested (2018 EBITA € 14.3m) In Jan 2020, ZTC was divested (2019 EBITA € 5.0m) ■Netherlands ■ Asia ■ROW ■ North America SMART TECHNOLOGIES <#30Smart Connectivity systems - Digitalization PROPOSITION DIGITALIZATION Fibre Optics connectivity systems - Turnkey cable systems, Closures, Street cabinets, Access chambers, Multi tube cables, Rack systems, patch robotics MARKET Belgium Germany UK Finland Poland OTHER Specialized cable systems, Building & Industry cable systems Netherlands France Denmark Sweden 0 DIGITALIZATION % of homes passed MARKET POSITIONS DIGITALIZATION $00 GROWING MARKET 12% 22% 27% ■■41% 47% Network companies 48% POSITIONS 67% 74% 84% 25 Subscribers 50 75 ■Homes passed Source: FTTH Council Europe 2023 Fibre consumption (million km) 100 ד MARKET LEADER Installers GROWTH DRIVERS DIGITALIZATION Global need for high- 25 speed bandwidth and data traffic, need 20 for connected assets (IoT) 15 10 5 0 2021 2022 2023 2024 2025 2027 -France Germany ⚫UK -Poland Eastern Europe Benelux Source: various & internal calculations 30 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 KEY DIFFERENTIATOR - SYSTEMS APPROACH TH SMART TECHNOLOGIES <#31Smart Connectivity systems - Electrification PROPOSITION ELECTRIFICATION Offshore turnkey high voltage array cabling and accessories, Onshore turnkey medium and high voltage energy cable systems MARKETS ONSHORE Threat of transport limitation MARKET POSITIONS ONSHORE Source: Netbeheer Nederland MARKET LEADER Pre-announcement of structural congestion Structural congestion GROWTH DRIVERS 12.000 ELECTRIFICATION Need for renewable 10.000 energy due to climate change / 8.000 dependence from oil & gas 6.000 4.000 2.000 0 OFFSHORE Global AC cable supply vs demand (km) TH 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Interconnectors Offshore wind Supply Estimated future supply Source: 4cOffshore 31 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 KEY DIFFERENTIATOR - SYSTEMS APPROACH 4 Onshore Utility companies OFFSHORE GROWING MARKET POSITIONS Offshore Utility companies TH SMART TECHNOLOGIES <#32HIGHLIGHTS & FINANCIAL PERFORMANCE H1 2023#33Continued growth underpins strong strategic positioning Turnover € 947.6m H1 2022: € 899.7m +5.0% organically Highlights H1 2023 EBITA* € 119.8m H1 2022: € 115.6m + 3.6% ROS* 12.6% H1 2022: 12.8% Adjusted net profit** € 67.7m H1 2022: € 70.5m - 4.0% TH ROCE 19.9% H1 2022: 21.5% Order book € 999.9m Innovations 15.0% Dec 31, 2022: € 971.9m H1 2022: 18.7% + 2.9% As percentage of turnover Net debt € 480.8m Dec 31, 2022: € 307.2m EBITA & ROS before one-off income (one-off income H1 2023: € 1.1m, H1 2022: € 9.3m) ** Net profit before amortization of intangible non-current assets related to acquisitions (after tax) and one-off income and expenses attributable to shareholders 33 Tab: Insert > Header and footer SMART TECHNOLOGIES <#3434 ... HIGHLIGHTS Added value increased across all segments SMART MANUFACTURING EBITA** & ROS TURNOVER & AV SMART VISION SMART CONNECTIVITY + 6.6% + 2.8% + 7.6% 59.6% 49.5% 41.1% 58.1% 48.7% 38.5% 234.8 250.2 263.3 451.8 256.0 420.0 H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 H1 2023 + 7.9% - 14.5% 18.0% 14.8% + 16.4% 11.5% 10.6% 12.3% 17.7% 44.9 38.0 52.0 44.6 41.6 32.5 H1 2022 H1 2023 H1 2023 H1 2022 H1 2023 • . Security Vision achieved growth Weakening market conditions for machine vision in Q2 (destocking) Challenging operating environment for machine vision expected to continue H1 2022 Strong order intake Operational inefficiencies from supply chain issues impacted turnover growth and ROS Easing supply chain issues evident Field services fully occupied with installing backlog Energy turnover growth, strong contribution from subsea due to short delivery terms. Order intake onshore gradually weakened (destocking & project delays) Digitalization - improved results on stable turnover due to focus on margins, € 4.9m in import duties; import duties doubled from August 1 onwards * Adjusted for acquisitions and currency effects, turnover increased 5.0% organically, with price effects accounting for 4.1% EBITA before one-off income and expenses ** HIGHLIGHTS EBITA** & ROS TURNOVER & AV 47.0% TOTAL + 5.3%* 49.1% 947.6 899.7 H1 2022 + 3.6% H1 2023 • 12.8% 115,6 H1 2022 12.6% 119,8 H1 2023 Added value expansion due to positioning and sales price increases ROS impacted by temporary effects and machine vision slowdown in Q2 SMART TECHNOLOGIES < TH#3535 55 Geographical distribution of turnover H1 2023 H1 2022 Netherlands 25.7% 23.5% Europe (other) 42.5% 43.0% Asia 16.2% 17.8% North America 11.5% 12.8% Other 4.1% 2.9% Smart Vision systems Smart Manufacturing systems Smart Connectivity systems TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 NORTH AMERICA . NETHER- LANDS: OTHER EUROPE (OTHER): 0000 0 ASIA SMART TECHNOLOGIES < TH#36Profit and Loss Account TH € million 1 Turnover H1 2023 947.6 H1 2022 899.7 A in % 1 € million Turnover + 5.3% H1 2022 899.7 Raw materials and - 482.4 - 477.0 subcontracted work Acquisitions Currency translation 5.0 0.6% - 2.4 -0.3% 2 Added value 465.2 49.1% 422.7 47.0% + 10.1% 3 Operating expenses 345.4 36.5% 307.1 34.1% + 12.5% Price effects Volume growth 37.4 4.1% 7.9 0.9% H1 2023 947.6 5.3% EBITA 1) 119.8 12.6% 115.6 12.8% + 3.6% One-off income 1.1 9.3 Amortization -26.9 -27.1 2 Impairments -0.6 -0.0 Easing supply chain constraints Sales price increases Operating result 93.3 97.8 Result associates 36.2 2.1 Other financial result - 9.5 - 5.7 3 Acquisitions + 0.5% Result before taxes 120.0 94.2 Taxes 21.5 24.2 Net profit 98.4 10.4% 70.0 7.8% + 40.6% Currency translation -0.4% Personnel expenses + 12.1% - Expansion workforce (+532 FTEs) and payroll increases Adjusted net profit 2) 67.7 7.1% 70.5 7.8% - 4.0% 1) before one-off income and expenses 36 2) before amortization of PPAs and one-off income and expenses attributable to shareholders SMART TECHNOLOGIES <#37Profit and Loss Account € million Turnover H1 2023 947.6 H1 2022 899.7 A in % 4 + 5.3% Raw materials and - 482.4 - 477.0 subcontracted work Added value 465.2 49.1% 422.7 47.0% + 10.1% 5 Operating expenses 345.4 36.5% 307.1 34.1% + 12.5% EBITA ¹) 119.8 12.6% 115.6 12.8% + 3.6% One-off income 1.1 9.3 Amortization -26.9 -27.1 Impairments -0.6 -0.0 Operating result 93.3 97.8 4 Result associates 36.2 2.1 5 Other financial result - 9.5 - 5.7 Result before taxes 120.0 94.2 6 Taxes 21.5 24.2 Net profit 98.4 10.4% 70.0 7.8% + 40.6% Adjusted net profit 2) 67.7 7.1% 70.5 7.8% - 4.0% 1) before one-off income and expenses 37 2) before amortization of PPAs and one-off income and expenses attributable to shareholders Divestment of the remaining stake in CCG resulted in a profit of € 36.2 million in Q1 2023 Increase net interest expenses with € 5.5 million due to higher interest rates and outstanding debt Offset by lower foreign exchange losses Normalized effective tax rate decreased to 25.7% (H1 2022: 26.3 %) Relatively higher profits at companies benefitting from R&D tax facilities TH SMART TECHNOLOGIES <#38TH Balance sheet June 30, Dec. 31, 1 Changes in working capital (in € million) 2023 2022 (in € million) 370 570.7 533.8 Intangible assets and goodwill 358.8 295.0 360 Property, plant and equipment Right-of-use assets 72.8 75.3 19.4 2.1 5.9 2.4 0.6 -3.1 -1.9 27.2 26.1 350 Other non-current assets 1,029.5 930.2 Total non-current assets 337.2 -22.0 340 876.8 845.1 333.8 1 Current assets 99.9 184.6 330 Cash and cash equivalents 976.7 1,029.7 19.0% Total current assets 320 96.0 Assets held for sale 2,102.1 108.5 2,068.4 20.4% 310 Total assets 795.9 786.9 300 Total group equity 596.8 503.0 Borrowings 69.8 64.0 Other non-current liabilities 666.6 567.0 June 30, 2022 Organic growth Total non-current liabilities Currency translation Acquisitions A Current income tax A Financial instruments A St financial liabilities A St provisions Decrease June 30, 2023 61.4 70.4 Borrowings 539.9 610.7 1 Other current liabilities 601.3 681.1 Use of non-recourse factoring > Jun 30, 2023 € 61.5 million Total current liabilities > Dec 31, 2022 € 62.8 million 38.3 33.4 > June 30, 2022 € 60.1 million Liabilities held for sale Total equity and liabilities 2,102.1 2,068.4 Use of supply chain finance > Jun 30, 2023 € 58.4 million € 50.8 million € 59.0 million > June 30, 2022 Amounts and percentages shown above include assets and liabilities reported under 'held for saleRT TECHNOLOGIES < > Dec 31, 2022 38#39Balance sheet June 30, Dec. 31, (in € million) 2 2023 2022 Change in net debt (in € million) 500 Intangible assets and goodwill 570.7 533.8 Property, plant and equipment Right-of-use assets 358.8 295.0 450 72.8 75.3 Other non-current assets 27.2 26.1 Total non-current assets 1,029.5 930.2 400 Current assets 876.8 845.1 350 2 Cash and cash equivalents 99.9 184.6 71.0 25.5 Total current assets 976.7 1,029.7 307.2 300 19.5 -55.5 Assets held for sale 96.0 108.5 10.7 Total assets 2,102.1 2,068.4 -43.8 250 Total group equity 795.9 786.9 200 2 Borrowings 596.8 503.0 Other non-current liabilities 69.8 64.0 Total non-current liabilities 666.6 567.0 2 Borrowings 61.4 70.4 Other current liabilities 539.9 610.7 Total current liabilities 601.3 681.1 Liabilities held for sale 38.3 Total equity and liabilities 2,102.1 33.4 2,068.4 39 December 31, 2022 Cash flow from operations Interest paid Taxes paid Net investments PP&E Divestment held for sale Investments intangibles Acquisitions Dividend paid Cash dividend of € 1.65 paid per (depositary receipt of) ordinary share in 2023 Net debt/EBITDA of 1.7 (December 31, 2022: 1.1 and June 30, 2022: 1.6) SMART TECHNOLOGIES < Settlement financial liabilities Net purchases own shares Payment lease liabilities Other 46.0 June 30, 2023 7.1 7.7 16.5 67.5 1.4 480.8 TH#40Free cash flow H1 H1 in million € unless stated otherwise 2023 2022 H2 2022 1 2022 Operating result 93.3 97.8 92.4 190.2 136.9 2021 2020 70.9 FCF conversion can be affected by developments in working capital. Working capital ratio for the period- end included in the overview are: > 2019: 13.0% Depreciation, amortization and 51.7 50.8 49.8 100.6 98.0 103.1 impairment > 2020: 12.1% EBITDA adjusted 145.0 148.6 142.2 290.8 234.9 174.0 > 2021: 10.7% 1 Change in working capital -101.2 -197.5 81.2 -116.3 -3.5 42.5 > H1 2022: 20.4% Taxes paid -19.5 -22.1 -18.3 -40.4 -33.1 -19.9 > 2022: 14.1% Other -7.1 -2.2 -9.3 8.2 -0.1 Cash flow from operations 24.3 -78.1 202.9 124.8 206.5 196.5 before interest Payment of lease liabilities -7.7 -7.8 -6.9 -14.7 -15.6 -16.0 2 Capital expenditure PP&E -71.0 -27.9 -63.9 -91.8 -31.0 -29.4 3 Capital expenditure intangibles -25.5 -21.8 -24.1 -45.9 -40.5 -39.2 Divestments of held for sale 55.5 14.0 14.0 Free Cash Flow ('FCF') -24.4 -121.6 108.0 -13.6 119.4 111.9 > H1 2023: 19.0% FCF-conversion is traditionally lower in the first half year and stronger in second half due to working capital development 2 In H1 2023, Strategic Investment Program impacted FCF by € 55 million (2022: € 41 million) 3 Payments for acquisitions have not been included in FCF EBITDA (adjusted) to FCF conversion -16.8% -81.8% 75.9% -4.7% 50.8% 64.3% 40 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 TH SMART TECHNOLOGIES <#41OUTLOOK#42Outlook Smart Vision systems Smart Vision systems continues to be faced with strong destocking effects and weakened market conditions in several end markets. As a result, we now expect EBITA to decrease slightly in H2 2023 compared to H1 2023 Smart Manufacturing systems The outlook for Smart Manufacturing systems has improved, with turnover and EBITA expected to grow in H2 2023 compared to H1 2023 Smart Connectivity systems As communicated earlier, Smart Connectivity systems H2 2023 EBITA and turnover are expected to be lower than H1 2023 On balance, for the full year 2023, TKH reiterates the earlier communicated outlook of an EBITA before one-off income and expenses between € 230 million and € 240 million, however EBITA is expected to be at the lower end of the forecasted range. This results in a net profit before amortization and one-off income and expenses attributable to shareholders at the lower end of the € 126 million and € 134 million range, barring unforeseen circumstances 42 TKH GENERAL INVESTOR PRESENTATION - NOVEMBER 2023 TH SMART TECHNOLOGIES <#43TH D ww