BEWI Packaging Norway (BEWI) is a private company. BEWI Group is strategically integrated throughout the value chain with an annual production capacity of 185,000 tonnes of the raw material EPS beads and with market leadership positions for its solutions for Packaging & Components and Insulation in several European countries. Founded in 1980. It has 77 employees.

Transcript

Charlotte Knudsen — Chief Communications and Investor Relations Officer

Good morning, and welcome to the presentation of BEWI's results for the second quarter and first half of 2026. My name is Charlotte Knudsen. I am responsible for investor relations in the BEWI group. Today we have a slightly extended quarterly presentation. If you have any questions related to the results or the presentation, please contact us by email or telephone, as you cannot submit questions for this webcast. We will start with a review of the quarter, where our CEO, Christian Bekken, will go through the highlights. Our CFO, Stein Inge Liasjø, will then review the developments for the segments. After that, Christian will talk more about the strategy and outlook, including market developments, sales, and margin. Before Stein Inge explains what this means for the group's financial performance and key financial metrics. We will conclude with a summary. With that, I'll leave the word to you, Christian.

Christian Bekken — CEO

Thank you, Charlotte. It is always nice to present when we can talk about progress. Progress from good performance from an organization that makes me proud. At our Q1 presentation, we were clear that we expected a strong second quarter. Today, we are delivering a strong second quarter. I would like to highlight three achievements. First, we are delivering strong results across the entire group. Second, Insulation & Construction delivered a significant margin uplift. Third, we generated a strong cash flow. All three segments contributed to the sales growth of 19% and the increase in adjusted EBITDA of 57% to more than EUR 34 million. This has significantly lifted our EBITDA margin from 10.4%-13.8%, demonstrating that our ambition of a 15% EBITDA margin is fully achievable. Reported EBITDA EUR 36 million, including a compensation received from a supplier. The most important driver behind both growth and improved profitability is the higher volumes. This led to better capacity utilization. In addition, we continue to see the