#1TRIFORK. HANDELSBANKEN NORDIC MID-/SMALL CAP CONFERENCE Driving tech innovation 9 JUNE 2022 TRIFORK: think software/#22 PRESENTERS Year of joining the EM Year of birth Gender Nationality Educational background Professional background Other directorships and executive roles CEO MEMBER OF EXECUTIVE MANAGEMENT Jørn Larsen 1996 1966 Male Danish Mechanical engineering degree / Civil engineering degree in Computer Science - University of Aalborg Serial entrepreneur in the Nordic technology sector with co-foundation of >50 start-ups From 1996: Founder and CEO of Trifork 1994 - 1995: Project Manager with Dator A/S 1984 - 1989: Technical Naval engineer with A.P. Møller Maersk Member of the Board of Directors of ExSeed Ltd. (Labs company) and &Money ApS (Labs company), Owner and CEO of Blackbird II ApS Year of joining the EM Year of birth Gender Nationality Educational background Professional background Other directorships and kecutive roles CFO MEMBER OF EXECUTIVE MANAGEMENT Kristian Wulf-Andersen 2007 1971 Male Danish Bachelor in Economics - Aarhus Business School, Denmark 1999-2007: Co-founder and CFO of the IT-infrastructure compa- ny Interprise Consulting A/S (acquired by Trifork) 1996-1999: IT consultant, trainer and management consultant at Siemens Nixdorf A/S / Siemens Business Services A/S 1989-2000: Officer at the Royal Danish Airforce Member of the Board of Directors of EDIA B.V (Labs company) and ComplyTeq (Labs company) TRIFORK.#33 DISCLAIMER IMPORTANT INFORMATION This presentation contains forward-looking statements including, but not limited to, statements and expectations concerning expected or projected earnings, strategies, trends and developments. Forward-looking statements are statements (other than statements of historical fact) relating to future events and Trifork's expected, anticipated or planned financial and operational performance. The words 'may', 'will', 'will continue', 'should', 'expect', 'foresee', 'anticipate', 'believe', 'estimate', 'plan', 'project', 'predict', 'intend', 'guidance' and 'outlook' or variations of these words, including negatives thereof, as well as other statements regarding matters that are not historical fact or regarding future events or prospects, constitute forward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. Trifork has based these forward-looking statements on its current views with respect to future events and financial performance. These views involve a number of risks and uncertainties, which could cause actual results to differ materially from those predicted in the forward- looking statements and from the past performance of Trifork. Although Trifork believes that the estimates and projections reflected in the forward-looking statements are reasonable, they may prove materially incorrect, and actual results may materially differ, e.g. as the result of risks related to the industry in general or Trifork in particular. As a result, forward-looking statements should not be relied on as a prediction of actual results. Trifork undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law. TRIFORK.#44 Main Events BUSINESS HIGHLIGHTS IN THE FIRST PART OF 2022 1 2 Inspire Inspire in "post-Covid mode" with preparation for 5 GOTO physical conferences in 2022. The first ones are Amsterdam and Aarhus in June. - Cumulative 33.5 million views on YouTube Tech channel Build Organic growth in all business areas New strategic Swiss healthcare customer/partner. Trifork to deliver digital health solutions in Switzerland New Pregnancy app in Pilot Founding of new entity in Portugal 3 4 Run Non-capitalized investments of EURm 0.6 (Q1) in new operation centres in Denmark and Switzerland Onboarding of operations for SOS international Growth in sales of Cyber Protection services (SOC) Trifork Labs - New Investment in Promon and Feats Founding of ComplyTeq - New investment rounds in DRYP, ExSeed, TSB-Three, Arkyn Studios, Kashet, Visikon and Container Solutions TRIFORK.#55 Continuous Growth Revenue from acquisitions (EURm) Revenue (EURm) 2007 2008 2009 2010 2011 2012 2013 2014 24% CAGR 2015 2016 2017 86.5 2018 106.4 2019 115.4 2020 158.5 20.5 138.0 2021 180-185 2022B TRIFORK.#66 Financial highlights REVENUE GROWTH Organic growth In-organic growth Revenue Deconsolidated revenue 1.3 38.1 Q1 2021 16.3% 17.8% 45.8 0.9 6.8 38.1 Q1 2022 158.5 FY 2021 KEY FINANCIALS EUR 45.8 m Q1/2022 revenue EUR 8.1 m Q1/2022 Trifork segment adjusted EBITDA EUR 4.7 m Q1/2022 Trifork Group EBIT EUR 8.8 m Net liquidity (debt) 16.3% YOY revenue growth 17.6% Q1/2022 Trifork segment adjusted EBITDA margin 10.3% Q1/2022 Trifork Group EBIT margin -0.3x Leverage ratio (Net debt / Adj. EBITDA) KEY STATISTICS I ■ I 60 Business Units 25 Active Trifork Labs Startups >1,000 Employees >33 million views on GOTO YouTube GOTO YouTube channel Total views 35M 30M 25M 20M 15M 10M 2019-01 2020-01 2021-01 2022-01 TRIFORK.#77 Strategic priorities in 2022 B Grow European position TRIFORK. C Grow "Run" revenue E Strategic collaborations A Perfecting the Trifork way E Accelerate partnerships Perfecting the Trifork way 7 BUL-trainings with more than 70 leaders Restarting in-person conferences Grow European position Opening of office in Lisbon Labs investments in Promon, Feats, ComplyTeq, etc. Total Q1 2022 organic revenue growth of 17.8% Grow "Run" revenue Investment in operation centres in Denmark and Switzerland Q1 organic Run revenue growth of 22.2% Strategic collaborations Promon partner and reseller Accelerate partnerships Extended collaboration with Crowdstrike Gold partner with Tenable TRIFORK.#88 Trifork's Inspire - Build - Run 60 business units across 12 countries Majority & Active Controlling ■ Trifork ■ Trifork Group Trifork's R&D Trifork Labs ■ 25 active Labs investments ■ Minority investments#99 The Trifork go to Market Model 22.6% RUN Customer 0.9% INSPIRE BUILD 76.1% Inspire ■ ▪ Build ■ ■ ■ Enable creation of ideas In Q1/2022 no physical conferences Run ■ ■ Building solutions using agile framework for software development 15.9% organic revenue growth in Q1/2022, when adjusted for deconsolidation) Adjusted EBITDA margin of 23.4% Operation of Trifork product solutions for our clients 22.2% organic revenue growth in Q1/2022 Adjusted EBITDA margin of 12.1%, impacted by low margin SW license sales and investment in operation centres Growth driven by new larger mandates and Cyber Protection solution products. (1) FY 2021 figure#10DANISH HEALTH DATA AUTHORITY APP & BACKEND SOLUTION National Pregnancy app & backend Citizen-oriented app Women get an overview of the entire course of their pregnancy ■ Easy access to data in their medical and pregnancy journal Easy access to advice and guidance about their pregnancy Services and backend solution ■ ■ ■ Exchange of pregnancy data between the health professionals involved - GP and maternity ward Web solution for healthcare professionals supports rapid deployment 9:41 Hej og velkommen Astrid Nielsen Dit graviditetsforløb Terminsdato: 5. okt 2021 29 (22) Graviditetsuge Relevant lige nu 3 Måned P 13 2 Spis som et Y Hvis du gerne vil spise sundere, kan det hjælpe at spise som et Y. Prav Mad og drikke > (0} 9:41 Journal Målinger Oversigt over foretaget af la gennem dit gr Over Scanninger Resultater fra ultralydsunder været til i lab Undersøgels Svar fra dine t eventuel sukki Journalnotat På journalsiderne kan du se jordemoder, læge og dine evig hinanden for at følge Bi Ful TRIFORK.#11DANISH HEALTH DATA AUTHORITY In collaboration with Danish Health Data Authority, Trifork carried out a professional agile development process, where the development team ensured that we came through safely and successfully. The pregnancy portal is a great product, that we look forward to being tested by the clinics in 2022. Ida Bachmann Anthony, IT project manager, Danish Health Authority TRIFORK.#1212 Trifork Business Areas FinTech 15.0% ট Digital Health 10.3% Smart Enterprise Cyber Protection Cloud Operations Percentage of 2021 total revenue Smart Building 2.7% 49,2% 6.9% 15.9% TRIFORK.#1313 Business Area highlights - Verticals Fintech 11.5% (1) Existing strategic customers Partnerships and investments in Fintech start-ups (&Money, Kashet, ComplyTeq) 4.3 Q1 2021 23.4% 5.3 Q1 2022 (1) percentage of Q1/2022 Group revenue [] I (^^^) ■ Digital Health 8.3% Swiss healthcare company as new strategic customer/partner New Pregnancy App in Pilot Deconsolidation of Dawn Health 4.1 (1) Q1 2021 37.7% -5.9% (2) 3.8 6 Q1 2022 (2) organic growth of 37.7% when adjusted for Dawn Health de-consolidation Smart Building 3.8% TSBOne & TSBThree - Smart Buildings Partnerships and Investments in Dryp and Develco ■ (1) 0.9 Q1 2021 103.8% 1.7 Q1 2022 TRIFORK.#1414 Business Area highlights - Horizontals Smart Enterprise 47.0%" In-flight catering App in Switzerland Warehouse Hero Public: New 4-years framework agreement with Danish Business authorities ■ ■ ■ 20.2 Q1 2021 (1) 6.7% 21.5 Q1 2022 (1) percentage of Q1/2022 Group revenue Cyber Protection 11.8% ■ netic Managed security services and running our security operations center 3.0 Large license sale Labs investment in App shield company Promon Q1 2021 (1) 78.2% 5.4 Q1 2022 E 6.6 DDY: KWA/BA inputs needed Q1 2021 Cloud Operations 16.3% Investments in automation of two new operations centres in Denmark and Switzerland Onboarding of one new large customer 12.4% (1) 7.5 TRIFORK Q1 2022 TRIFORK.#1515 OUR WORK bconomy - a new business ecosystem How Mosaic World accelerates sustainable ecosystems for improved community living From Paper to Digital Transforming the Danish Prenatal Record Banedanmark: Turning Mobility Smart Astrid Nielsen Smart Buildings: The Next Frontier Is your organization empowered to navigate the evolved cyber reality? Warehouse Hero e Application Monitoring Platform resulted in clear insights TRIFORK.#1616 Go-to-market model Trifork Labs Activities 8 Inspire Build o Run firmnav beem Kashet COMPLYTEQ A TRIFORK COMPANY & MONEY FinTech Business Areas Dawn visikon Implantica exseed TSBone TSBthree UPCYCLING forum DEVELCO Dryp. feats. EDIA arkyn Promon XCI Dawn Container Solutions ট YOUANDX peop C4Media ATOMIST Axon Q TRIFORK. Digital Health Smart Building Smart Enterprise Cyber Protection Cloud Operation Cross BA Support 2022 Founded ComplyTeq and TSBThree Investment in Feats and Promon Financing rounds in Arkyn Studios, ExSeed, Dryp, Kashet, Visikon and Container Solutions#1717 Q1 2022 ESG update ESG principles and rating Compliance - EU Sustainability Taxonomy reporting and United Nations Global Compact participant in 2022 Cooperation with leading ESG rating agency aiming at ESG rating in Q2 Environment Offices - Progress toward 100% use of green energy: 77.3% (¹) Smart Buildings development Cleantech Labs companies DRYP and Upcycling Forum Clean Oceans and afforestation - Partnering with The Ocean Race, Elkhorn Marine Conservancy . . . ■ Social - People is the center of Trifork Teal organization - empowering the employees to take ownership and responsibility 21% employees not identifying themselves as male; 27% leaders not identifying themselves as male(¹) >1'000 employees from more than 25 countries. Sickness absence at 2.4%, Churn 15.6% (¹) . . " . . Governance 50% members of BoD not identifying themselves as male(as of 20 April) Data privacy education and tests Tax and compensation transparency and disclosure . . GOTO - an inspiring community. YouTube tech-channel with more than 32 million total views end of Q1 2022 Digital health improves life . (1) FY 2021 statistics 4 8 QUALITY EDUCATION DECENT WORK AND ECONOMIC GROWTH M 5 12 GENDER EQUALITY ợ RESPONSIBLE CONSUMPTION AND PRODUCTION ∞O TRIFORK.#18TRIFORK. Smart Building Building user-friendly, connected solutions for a better planet A M#1919 Financial performance TRIFORK.#2020 Trifork Group Performance Q1 2022 I I ■ 16.3% total revenue growth compared to Q1 2021 17.8% organic growth 65% of revenue from private and 35% from public sector Strong organic growth supported by Cyber Protection, Fintech in the UK, Digital Health (after deconsolidation) and Smart Enterprise in Denmark Inorganic growth from Vilea and Strongminds No revenue from Trifork Labs included, as Trifork only holds minority stakes in Labs companies REVENUE Organic growth In-organic growth Revenue Deconsolidated revenue 1.3 38.1 Q1 2021 16.3% 17.8% 45.8 0.9 6.8 38.1 Q1 2022 158.5 FY 2021 TRIFORK.#2121 Trifork Group Performance Q1 2022 ■ Adj. EBIT ■ EBIT I Up 9.6% to EURm 4.7 compared to Q1 2021 Margin of 10.3% compared to 11.0% in Q1 2021 No adjustments for special items in 2022 (Q1 2021: EURm 1.8 IPO preparation costs) Increased to EURm 4.7 compared to EURM 2.5 in Q1 2021 Margin of 10.3%, which is found acceptable when taking the EURm 0.6 investments in new operation centres into account Guidance 2022: EURm 16.5-19.0 ADJUSTED EBIT 11.0% 4.3 Q1 2021 9.6% 10.3% 4.7 Q1 2022 EBIT 6.4% 2.5 Q1 2021 87.1% 10.3% 4.7 Q1 2022 TRIFORK.#2222 Trifork Segment Performance Q1 2022 ■ Adj. EBITDA ■ ■ ■ Grew 5.1% compared to Q1 2021 EURm 8.1, equal to margin of 17.6% compared to 19.5% in Q1 2021 ■ No adjustments for special items in 2022 (Q1 2021: EURm 1.8 IPO preparation costs) Guidance 2022: EURm 30.5-33.0 EBITDA Increased to EURm 8.1 compared to EURm 5.9 in Q1 2021 ADJUSTED EBITDA 19.5% 7.7 Q1 2021 5.1% 17.6% 8.1 Q1 2022 EBITDA 14.9% 5.9 Q1 2021 37.2% 17.6% 8.1 Q1 2022 TRIFORK.#2323 Trifork Segment Performance REVENUE BY SUB-SEGMENTS (EURM) Inspire Build Run Others 8.4 0.0 30... 0.3 Q1 2021 10.4 0.1 34.9 0.4 Q1 2022 0.4 32.7 123.0 FY 2021 ADJ. EBITDA AND MARGINS BY SUB SEGMENT IN Q1 2022 n.m. -0.2 Inspire 23.4% 8.2 Build 12.1% 1.3 Run n.m. -1.2 Other 17.6% 8.1 Total TRIFORK.#2424 Build Sub-segment Performance Q1 2022 ■ ■ I I 14.1% total revenue growth (15.9% organic, adjusted for deconsolidation effects) Inorganic growth from acquisitions of Vilea Group and Strongminds ApS Growth widely distributed between most of the business areas but Cyber Protection and Fintech are top contributors Adjusted EBITDA margin of 23.4% at expected level (FY 2021: 21.2%) REVENUE Organic growth Revenue Deconsolidated revenue 1.3 29.3 Q1 2021 14.1% 15.9% 34.9 5.6 29.3 Q1 2022 123.0 FY2021 ADJUSTED EBITDA 26.2% 8.0 Q1 2021 1.8% 23.4% 8.2 Q1 2022 TRIFORK.#2525 Run Sub-segment Performance Q1 2022 ■ ■ ■ ■ ■ ■ · 22.2% total revenue growth (all organic) Strong growth in Cyber Protection Mostly recurring revenue Adj. EBITDA reduced by 9.6% to EURm 1.3 Adj. EBITDA margin of 12.1%, down from 16.4% in Q1 2021 Reselling of licenses of EURm 1.7 at low margin Investments in new operation centres in Denmark and Switzerland as fundament for future growth (cost of EURm 0.6) REVENUE Organic growth Revenue 8.5 22.2% 22.2% Q1 2021 10.4 1.9 8.5 Q1 2022 32.7 FY2021 ADJUSTED EBITDA 16.4% 1.4 Q1 2021 -9.6% 12.1% 1.3 Q1 2022 TRIFORK.#2626 Run Sub-segment revenue split Licenses and support 12000 9000 6000 3000 0 15.7% Q1/2020 Hardware 20.6% Q2/2020 Hosting and security 22.7% Q3/2020 28.5% Q4/2020 EBITDA Margin 16.4% Q1/2021 23.5% Q2/2021 22.6% Q3/2021 28.3% Q4/2021 12.1% Q1/2022 TRIFORK.#2727 Labs Segment Performance EBT (EURM) 9.8 2018 9.0 2019 39.2 2020 3.3 2021 1.2 Q1 2021 1.2 Q1 2022 INVESTMENTS (EURM) Cash / cost in active investments Acc. unrealized gain Acc. realized gain 10.7 17.5 2.2 2018 10.7 28.8 3.7 2019 11.0 70.4 5.5 2020 69.6 16.7 30.6 (1) 2021 (1) 2021 Dawn Health deconsolidation/conversion was EURm 20.3 69.6 18.0 38.8 Q1/2022 TRIFORK.#2828 Cash flow and financial position Q1 2022 ■ Operating cash flow of EURm 4.6 (EURM -1.8 in Q1 2021) Net increase in net working capital of EURm 2.6 due to growth and seasonality Cash flow from investing activities of EURm -9.6 Investments in Trifork Labs investments of EURm 7.5 Earn-out for prior year acquisition of EURm 0.6 Net capital expenditures of EURm 1.2 Financing activities of EURm -1.6 Net increase of borrowings of EURm 1.0 Leases of EURm 1.2 paid Acquisition of NCI for EURm 1.2 NET LIQUIDITY/(DEBT) Leverage ratio (Net Debt/adj. EBITDA) Q4 2020 -37.4 2.2 -0.7 14.3 Q1 2021 -1.0 24.4 Q2 2021 -0.9 22.3 Q3 2021 -0.6 17.1 Q4 2021 -0.3 8.8 Q1 2022 TRIFORK.#2929 Guidance 2022 TARGETS Guidance 2022 Trifork Group revenue EUR 180.0 - 185.0m (of which 10% - 15% organic growth) Trifork segment adjusted EBITDA EUR 30.5 33.0m - Trifork Group EBIT EUR 16.5 19.0m - TRIFORK.#3030 We change the world with software. DOÎ 88 Fast-growing and attractive market Full-circle go-to-market model Forefront of innovation Track-record and profitable growth Agile teal organisation and strong team Three levels of sustainability $ TRIFORK.#31Thank You! bconomy - a new business ecosystem How Mosaic World accelerates sustainable ecosystems for improved community living O @ Smart 37 1 ning veloman Astrid Nielsen 3 Hevedpine Hovdene kan aan 12 af enege foreilor drapet, bide fysiske > ng har lave From Paper to Digital Transforming the Danish Prenatal Record Stationssikringsanlæg Kebenhavn F 100.000 storiske meddelever A Banedanmark: Turning Mobility * 426 Spor Smart Buildings: The Next Frontier Sportsopere Signa Kiometomarien Warehouse Hero e SILRE CN1-7010 Is your organization empowered to navigate the evolved cyber reality? Handling Unit (1000135150) 100600 Application Monitoring Platform resulted in clear insights TRIFORK.