Azerion Results Presentation Deck

Financial update Strong financial framework 5-quarter rolling financial performance 149 duu 122 113 22 19 9 Q1 '23 106 12 Q3 '22 Q4 '22 Q2 '23 Net Revenue ■Adjusted EBITDA azerion 109 18 Q3 '23 77.3 Operating Profit Q3 2023 cash conversion 11.2 D&A -72.6 Gain on Sa -23.1 Changes in W.C. Interest, Tax isions paid & -8.6 All figures in EURm. * As defined in the Terms & Conditions of the Senior Secured Callable Floating Rate Bonds ISIN: N00013017657 -15.8 CFFO Q3 2023 Net interest bearing debt* € 177.6 Q4 2022 € -7.0 Debt € -18.3 Cash € 152.3 Relatively resilient performance in Q3 and YTD 2023 with continued progress in ongoing integration and cost optimisation Significant improvement in Adjusted EBITDA margin to 16.9% Q3 2023 compared to 11.8% in Q3 2022, and to 13.3% YTD 2023 compared to 9.9% YTD 2022 Continued cash generation from operating activities YTD 2023 of EUR 18.9m, after an outflow in Q3 of EUR 15.8m Q3 2023 23

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