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Investor Presentaiton

Key value ratios 64 Profitability drivers Free Cash Flow drivers 33.3 36.2 36.8 32.7 32.3 34.7 31.2 34.6 34.7 32.0. 31.5. 32.4 28.7 29.0 28.7- 30.7 •28.2" 30.1 26.9 25.4 23.4 23.6 23.4 23.7 4.0 4.2 4.1 4.5 4.6 5.0 5.2 5.0 4.7 3.9 4.1 3.5 3.9 3.9 3.8 3.9 3.8 3.5 17/18 18/19 19/20 20/21 21/22 YTD 22/23 17/18 18/19 19/20 20/21 21/22 YTD 22/23 Admin-to-Sales (%) COGS-to-Sales (%) R&D-to-Sales (%) Dist-to-Sales (%) NWC-to-Sales (%) CAPEX-to-Sales (%)² EBITDA margin (%) 1 12 1) 2) Before special items. Special items of DKK 5 million YTD 2022/23 Gross CAPEX including investment in intangible assets, ex. acquisitions of associates Coloplast
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