Hexagon Purus Results Presentation Deck

15 Profit & loss statement, Q2 2023 PROFIT & LOSS (NOK 1,000) Total revenue Cost of materials Payroll and social security expenses Other operating expenses Total operating expenses EBITDA Depreciation and amortization EBIT Profit/loss from investments in associates Finance income Finance costs Profit/loss before tax Tax expense Profit/loss after tax Ratios (% of total revenue) Cost of materials Payroll and social security expenses Other operating expenses EBITDA Q2 2023 329,567 178,673 156,472 83,441 418,586 (89,019) 30,955 (119,974) (2,455) 22,508 49,961 (149,882) (2,434) (147,449) 54% 47% 25% (27%) Q2 2022 210,109 137,716 101,414 83,515 321,646 (111,537) 23,732 (135,270) (1,389) 21,099 7,877 (123,436) 838 (124,274) 66% 48% 40% (53%) H1 2023 573,544 334,830 295,899 143,846 774,575 (201,031) 58,756 (259,787) (4,402) 32,946 73,341 (304,584) (2,984) (301,600) 58% 52% 25% (35%) H2 2022 369,156 202,874 195,044 175,586 573,504 (204,348) 45,796 (250,144) (2,738) 23,603 13,620 (242,899) (185) (242,714) 55% 53% 48% (55%) FY 2022 963,925 588,525 443,496 337,408 1,369,430 (405,505) 95,089 (500,594) 51,888 37,356 29,548 (440,898) (9,380) (431,518) 61% 46% 35% (42%) ● ● ● Revenues up 57% YoY in Q2 2023, mainly driven by hydrogen infrastructure applications as well as hydrogen storage systems for transit bus and aerospace. Higher volume and more favorable product mix are the main contributors to the decrease in relative materials costs compared to same period last year. Investments in organizational scale-up continues to increase payroll expenses, albeit increased scale leads to relative YoY improvement (as % of revenue) Depreciation increased mainly on the back of higher investments in property, plant and equipment as part of the ongoing capacity expansion programs. Financial items impacted by non-cash interest on the outstanding convertible bond and FX movements. HEXAGON PURUS

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