Pandox Ab Class B · OMXSTO:PNDX_B

Pandox Ab Class B — Q3 2026 Earnings Presentation

66 slides from Pandox Ab Class B's earnings presentation, Oct 22, 2026

  1. Slide 1: Interim report Q3 2026 presentation: A strong quarter

    Interim report Q3 2026 presentation A strong quarter Liia Nõu, CEO Anneli Lindblom, CFO Anders Berg, Head of IR 22 October 2026

  2. Slide 2: A strong quarter

    Quarter in brief A strong quarter Summary Q3 2026 Strong like-for-like growth in the Leases business segment, driven by Sweden Total revenue growth Significant positive contribution from Dalata which continues to perform well +23% | 4% LFL Strong growth in cash earnings and EPRA NRV per share Total

  3. Slide 3: A leading hotel property owner

    Pandox at a glance A leading hotel property Group Leases Own Ops owner 191 Hotel properties 171 Leased properties 20* Operated properties • Active in the world’s largest hotel market SEK 96.8bn SEK 81.7bn SEK 15.2bn • Hotel properties only Property mkt value Property mkt value Property mkt value • A

  4. Slide 4: Dalata continues to perform well

    On Dalata Dalata continues to perform well Substantial earnings contribution ― Rent of MSEK 357 in Q3 and MSEK 880 YTD ― Strong profitability Rent is growing y/y ― Q3: +4% in the UK and +1% in Ireland (estimated) ― YTD: +3% in the UK and +1% in Ireland (estimated) Legal separation and expected dives

  5. Slide 5: Strong RevPAR-growth in Sweden and Denmark

    Hotel market development YTD (2026 vs 2025) Strong RevPAR-growth in Sweden and Denmark ADR 7% Denmark 8% Europe 6% Sweden 8% 5% USA 6% UK 3% Norway 2% 3% Ireland 3% Switzerland 1% 1% Finland 2% Austria 2% Occupancy -3% -1% 1% 3% -1% Germany 2% Belgium -1% -3% -5% Note: Percentage in boxes = RevPAR S

  6. Slide 6: Property investments

    Active ownership Property investments Estimated investment volume and yield Of which invested, Estimated stabilised Year Investment, MSEK MSEK NOI, MSEK Yield on cost, % Larger projects Scandic Grand Marina, Clayton Edinburgh, Hotel Mayfair 2026 1,720 1,090 160 9.3 Copenhagen, Scandic Solli, Quality

  7. Slide 7: Strong performance in Leases

    Financial summary Strong performance in Leases Leases: Accelerated growth Revenue and result (MSEK) 26Q3 25Q3 YoY% LFL%1) ― LFL, strong performance in Sweden Pandox Group revenue 2,429 1,972 23 4 ― Significant contribution from Dalata (MSEK 357) Pandox Group NOI 1,619 1,257 29 4 Own Operations: Mixe

  8. Slide 8: Slightly negative changes in value

    Property portfolio Slightly negative changes in value MSEK Changes in value for the total portfolio, YTD 2026 Comment: 100 000 Yields had a positive effect of MSEK +176 1 346 6 4 362 -232 176 96 883 Cash flow had a negative effect of MSEK -518 -518 95 000 Changes in currency a positive MSEK 4,362 91

  9. Slide 9: Healthy yield gap

    0 2 5 7 6 8 1 3 4 20'Q3 21'Q1 21'Q3 22'Q1 Leases 22'Q3 23'Q1 23'Q3 Property portfolio Own Operations 24'Q1 Average yield, % 24'Q3 25'Q1 25'Q3 26'Q1 26'Q3 6.32 6.78 Healthy yield gap 0 6 7 1 5 8 2 3 4 20'Q3 21'Q1 21'Q3 22'Q1 22'Q3 23'Q1 23'Q3 24'Q1 end of period, % 24'Q3 25'Q1 Average interest on deb

  10. Slide 10: Financial position still reflecting acquisition

    Key financial metrics Financial position still reflecting acquisition Loan-to-value, % Interest-cover-ratio, times Cash and unutilised (Policy interval 45-60%) (Rolling twelve month basis) credit facilities, MSEK 60 4 6 000 55 52.2 5 000 3 50 3,474 2.4 4 000 45 2 3 000 40 2 000 1 35 1 000 Excluding

  11. Slide 11: Stable financial position

    Financial summary Stable financial position New financing and refinancing of MSEK 16,445 Key metrics (at end of period) 26Q3 25Q3 YoY ― Average repayment period 1.9 (2.4) years Net interest-bearing debt, MSEK 50,581 38,139 +33% ― MSEK 15,122 of debt maturing within one year Sustainability-linked fin

  12. Slide 12: Resilient business, tough underlying comps

    Outlook Resilient business, tough underlying comps Resilient world economy and hotel market The outlook for the hotel market in Europe is positive Inflation and rising interest rates the main concern ― Variable leases offer protection by direct exposure to underlying hotel pricing ― 58 percent of ne

  13. Slide 13: Q&A

    Q&A Interim report Q2 2026

  14. Slide 14: CoStar Hospitality Analytics & Insights

    CoStar Hospitality Analytics & Insights Pandox AB Earnings Call, October 22nd 2026 Aoife Roche I Regional Vice President, EMEA - STR © 2026 CoStar Group 14

  15. Slide 15: Highest demand for APAC, with the rest seeing moderate results

    Highest demand for APAC, with the rest seeing moderate results. Key Global sub regions/countries year over year demand % change, YTD August 2026 Global Country/Region YoY% Change August 2026 YTD India 1,2% 1,2% Rest of Asia China Spain U.S. France Germany Japan Canada Australia UK Caribbean Italy Re

  16. Slide 16: Moderate new supply preserves market fundamentals

    Moderate new supply preserves market fundamentals. In construction rooms as % of existing, September 2026 Europe North America Mainland China 3.0% 2.6% 5.1% Middle East Northern Africa Central America Asia (excl. Mainland China) 11.7% 5.9% 6.4% 3.0% Australia & Oceania 2.4% 4.3% 5.3% South America S

  17. Slide 17: Allowing for occupancy gains

    Allowing for occupancy gains. Occupancy, YTD September 2026 Europe North America Mainland China 72% 65% 1% 63% 2% Middle East -1% Northern Africa Central America Asia (excl. Mainland China) 65% 57% 69% 62% 1% -16% 1% 8% Australia & Oceania 60% 72% 57% -2% 2% South America 0% Southern Africa © 2025 C

  18. Slide 18: Rate growth or just inflation in disguise?

    Rate growth or just inflation in disguise? ADR (CC, USD), YTD September 2026 Europe North America Mainland China 189 168 4% 55 3% Middle East 1% Northern Africa Central America Asia (excl. Mainland China) 163 165 132 174 -3% 6% 13% -2% Australia & Oceania 127 172 177 5% 3% South America 8% Southern

  19. Slide 19: Despite everything, Europe continues on a path of strong growth

    Despite everything, Europe continues on a path of strong growth. Europe occupancy, ADR & RevPAR year over year % change (Euros), October 2025 – September 2026 12% 10% 10% 8% 7% 6% 6% 6% 6% 5% 5% 5% 4% 3% 3% 2% 2% 2% 0% -2% Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26

  20. Slide 20: U.S. spend has underpinned Europe's stellar performance

    U.S. spend has underpinned Europe’s stellar performance. U.S. citizen departures to Europe year over year % chg., January 2024 – September 2026 US citizen departures to Europe 20% 15% 10% 5% 0% -5% Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 Jul-26 Source: I-92/APIS, © 2026 CoStar Group The International Tra

  21. Slide 21: Occupancy growth is strongest in cooler regions

    Occupancy growth is strongest in cooler regions. Occupancy, actual and % chg. YoY, YTD September 2026 Occ % chg Occ 3% 90,0 78% 80% 80,0 2% 77% 71% 71% 73% 72% 67% 68% 68% 70% 68% 70,0 67% 1% 60,0 50,0 0% 40,0 -1% 30,0 20,0 -2% 10,0 -3% 0,0 CEE France Nordics Germany Austria Spain Italy United Irela

  22. Slide 22: Key European markets achieved at least 67% occupancy

    Key European markets achieved at least 67% occupancy. Actual Occupancy %, YTD September 2026 Edinburgh 85% Copenhagen 79% Belfast 77% Amsterdam 78% 74% Berlin 79% Warsaw Dublin 85% London 80% 69% Brussels 78% Prague Paris 79% Vienna 71% 73% Budapest Zurich 74% Belgrade 68% 72% Bucharest Milan 73% Ba

  23. Slide 23: There is not much room for growth with such high occupancies

    There is not much room for growth with such high occupancies. Occupancy % chg. YoY, YTD September 2026 Edinburgh 1% Copenhagen 2% Dublin 0% Amsterdam 0% 0% Berlin London 0% 4% Warsaw 0% Brussels 4% Prague Paris 1% Vienna 0% 3% Budapest Zurich -1% Milan 0% 2% Bucharest Belgrade 13% Barcelona 3% Rome

  24. Slide 24: Southern Europe drives rate, despite softer demand

    Southern Europe drives rate, despite softer demand. ADR (EUR, CC) % chg. YoY, YTD September 2026 9,0% 8,4% 7,3% 5,5% 5,1% 3,2% 2,3% 2,2% 1,5% 1,4% 0,6% 0,6% -4,1% Italy France Greece Spain Nordics CEE United Ireland Switzerland Portugal Austria Germany Benelux Kingdom Nordics = Denmark, Finland, Ice

  25. Slide 25: Most markets are still pushing rate

    Most markets are still pushing rate. ADR (EUR) % chg. YoY, YTD September 2026 Edinburgh 4% Copenhagen 8% Dublin 1% Amsterdam -5% 4% Berlin London 1% 4% Warsaw -2% Brussels 3% Prague Paris 3% Vienna -2% 1% Budapest Zurich -2% Milan 17% 7% Bucharest Belgrade -2% Barcelona 2% Rome 2% 25% Istanbul* 5% M

  26. Slide 26: Southern Europe accounts for more than half of Europe's ADR

    Southern Europe accounts for more than half of Europe’s ADR. Europe, share of supply and ADR (EUR, CC) by region, Jul-Aug 2026 Share of supply Share of ADR 60% 50% 40% 30% 20% 10% 0% Southern Europe Western Europe Northern Europe Eastern Europe © 2026 CoStar Group 28

  27. Slide 27: United Kingdom: When holding steady counts as success

    United Kingdom: When holding steady counts as success © 2025 CoStar Group 30

  28. Slide 28: UK demand growth has been soft for some time

    UK demand growth has been soft since for some time. UK year over year demand % change, January 2025 – September 2026 3% 2% 1% 0% -1% © 2025 CoStar Group 31

  29. Slide 29: U.S. arrivals are in part to blame for this muted growth

    U.S. arrivals are in part to blame for this muted growth. U.S. citizen departures to the UK, Europe & Italy year over year % chg., Aug 2025 – Sep 2026 Departures to U.K. Departures to Europe Departures to Italy 50% 40% 30% 20% 10% 0% -10% -20% aug-25 sep-25 okt-25 nov-25 dec-25 jan-26 feb-26 mar-26

  30. Slide 30: The peak growth months are mostly linked to last year comps

    The peak growth months are mostly linked to last year comps. UK year over year occupancy, ADR & RevPAR % change, January 2025 – September 2026 7% 6% 6% 5% 5% 4% 4% 4% 4% 3% 3% 2% 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% 1% 0% 0% -1% -1% -2% -2% -3% -3% -3% -4% © 2026 CoStar Group 33

  31. Slide 31: U.K. hotel occupancy has stabilised with all markets hitting at least 70%

    U.K. hotel occupancy has stabilised with all markets hitting at least 70%. Absolute occupancy %, YTD September 2026 68 Aberdeen 85 Edinburgh Glasgow 82 76 Newcastle United Belfast 77 Kingdom: Manchester 77 86 York Liverpool 76 78% Dublin 85 76 Nottingham Leeds 76 76 Birmingham Cardiff 78 84 Oxford B

  32. Slide 32: Event driven markets push ADR

    Event driven markets push ADR. Absolute ADR (Local Currency), YTD September 2026 71 Aberdeen 177 Edinburgh Glasgow 107 77 Newcastle United Belfast 115 Kingdom: Manchester 86 108 York Liverpool 98 125 Dublin 181 82 Nottingham Leeds 86 90 Birmingham Cardiff 89 163 Oxford Bristol 95 191 London 94 South

  33. Slide 33: Non-repeat events and supply pressures a likely contributor here

    Non-repeat events and supply pressures a likely contributor here. Year over year ADR % change (Local Currency), YTD September 2026 -1 Aberdeen 4 Edinburgh Glasgow 10 0 Newcastle United Belfast 0 Kingdom: Manchester -2 3 York Liverpool 2 2% Dublin 1 3 Nottingham Leeds 1 2 Birmingham Cardiff -1 7 Oxfo

  34. Slide 34: Forecasting the future – the blue sky and the crystal ball

    Forecasting the future – the blue sky and the crystal ball…. © 2025 CoStar Group 38

  35. Slide 35: The past decade has seen rate grow exponentially

    The past decade has seen rate grow exponentially. Europe, ADR (EUR, CC), 2017-2019, 2022-2023, 2024-2025, and 2026 YTD 2017-2019 2022-2023 2024-2025 2026 €200 €180 €160 €140 €120 €100 €80 €60 €40 €20 €0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec © 2025 CoStar Group 39

  36. Slide 36: The U.K. trends in a similar way to Europe

    The U.K. trends in a similar way to Europe. U.K., ADR (GBP), 2017-2019, 2022-2023, 2024-2025, and 2026 YTD 2017-2019 2022-2023 2024-2025 2026 £160 £140 £120 £100 £80 £60 £40 £20 £0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec © 2025 CoStar Group 40

  37. Slide 37: The market looks ahead to 2028

    The market looks ahead to 2028. Europe markets*, KPI % chg. YoY, 2026F-2030F Occ ADR RevPAR 5% 4% 3% 2% 1% 0% -1% 2026 2027 2028 2029 2030 *Aggregated performance of Amsterdam, Barcelona, Belfast, Berlin, Birmingham, Brussels, Budapest, Cologne, Dublin, Dusseldorf, Edinburgh, Frankfurt, Glasgow, Ham

  38. Slide 38: 2027: More markets are expected to witness growth than a decline

    2027: More markets are expected to witness growth than a decline. 2027 Forecast RevPAR (local currency), % change YoY, August 2026 forecast 10% 8% 6% 4% 2% 0% -2% -4% -6% -8% -10% -12% *Luxury & Upper Upscale classes © 2026 CoStar Group 42

  39. Slide 39: As such, we anticipate another rate-led year in 2027

    As such, we anticipate another rate-led year in 2027. U.K. forecast markets, RevPAR % chg. YoY, 2027 forecast Occ ADR RevPAR 4% 3% 2% 1% 0% -1% -2% -3% -4% -5% Gatwick Heathrow RegionalUK London Manchester Leeds Birmingham Edinburgh Belfast Glasgow © 2026 CoStar Group 43

  40. Slide 40: Long-term RevPAR growth is healthy

    Long-term RevPAR growth is healthy. U.K. forecast, 2027-2030 London Regional UK Occ ADR RevPAR Occ ADR RevPAR 5% 5% 4% 4% 3% 3% 2% 2% 1% 1% 0% 0% 2027 2028 2029 2030 2027 2028 2029 2030 © 2026 CoStar Group 44

  41. Slide 41: Thank You!

    Thank You! Aoife Roche I Regional Vice-President, Sales EMEA [email protected] © 2026 CoStar Group 45

  42. Slide 42: Strong summer expected but shoulder seasons will struggle

    Strong summer expected but shoulder seasons will struggle. Europe markets*, KPI % chg. YoY, Q1 2026 – Q3 2027 Occ ADR RevPAR 6% 5% 4% 3% 2% 1% 0% -1% -2% -3% Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 *Aggregated performance of Amsterdam, Barcelona, Belfast, Berlin, Birmingham, Brussels

  43. Slide 43: But there is more supply to come

    But there is more supply to come. Europe rooms in construction, September 2026 30 000 25 000 20 000 15 000 10 000 5 000 0 © 2026 CoStar Group 47

  44. Slide 44: Eastern Europe building up

    Eastern Europe building up Europe rooms in construction as % of existing rooms, September 2026 45% 40% 40% 35% 31% 30% 25% 21% 20% 16% 13% 15% 8% 8% 10% 6% 5% 4% 3% 3% 3% 3% 5% 0% © 2026 CoStar Group 48

  45. Slide 45: Market data and trends from the nordic hotel industry

    NO RDI C AND BALTI C HO TE L MARKE TS Market data and trends from the nordic hotel industry Sweden - Denmark - Norway - Finland - Iceland - Estonia - Latvia - Lithuania Data through 30 September 2026 Lithuania

  46. Slide 46: RevPAR growth by country

    RE V P AR · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY RevPAR growth by country Sweden +8.2% % Norway +2.5% % Denmark +8.0% Finland +2.3% % Iceland +3.4% Estonia +1.5% Latvia −1.3% Lithuania +3.0% Circle size shows rooms available per night in the market — available room nights divided by the 273 day

  47. Slide 47: RevPAR growth by city

    RE V P AR · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY RevPAR growth by city Stockholm +11.2% Copenhagen +8.3% Oslo +1.8% Helsinki +0.9% % Reykjavik +2.9% Tallinn +1.0% Riga −1.5% Vilnius +2.5% Circle size shows rooms available per night in the market; navy = RevPAR up vs LY, red = down. RevPAR in lo

  48. Slide 48: Nordic and Baltic capitals

    CO MP ARI S O N · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY RevPAR ADR Occupancy (pp) Nordic and Baltic capitals +20% +11.2% +10% +8.3% +2.9% +2.5% +1.8% +0.9% +1.0% −1.5% 0% -5% Stockholm Copenhagen Oslo Helsinki Reykjavik Tallinn Riga Vilnius Figure shown is RevPAR vs LY

  49. Slide 49: Total revenue follows room revenue

    CO MP ARI S O N · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY TRevPAR RevPAR ADR Occupancy (pp) Total revenue follows room revenue +20% +11.2% +10% +8.3% +2.9% +1.8% +0.9% +1.0% −1.5% 0% -5% Stockholm Copenhagen Oslo Helsinki Reykjavik Tallinn Riga Anc. 33.9% Anc. 21.5% Anc. 26.8% Anc. 28.5% Anc. 15.3

  50. Slide 50: Conference revenue per m² up 11.5%

    CO NFE RE NCE TRE NDS NO RDI CS · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY Conference revenue per m² up 11.5% TCRE V P AS TCREVPD DE LP AS Total conference revenue per Total conference revenue per Delegates per available m² available m² delegate 66.7 +11.5% 1 134 +6.3% 0.059 +4.9% LY 0.056 SEK · LY

  51. Slide 51: Rate or volume: how the capitals grew

    ADR V S O CCUP ANCY · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY Rate or volume: how the capitals grew ADR change Both up RATE -LE D BOTH UP Stockholm Stockholm +6.3% +3.0 pp +6% Reykjavik Copenhagen Copenhagen +5.3% +2.2 pp Oslo +1.4% +0.3 pp +4% Vilnius Rate-led +2% Reykjavik +6.0% −2.3 pp Riga Osl

  52. Slide 52: Segment development in the capitals

    RE V P AR · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY Segment development in the capitals Bars show RevPAR change versus last year, scaled −6% to +14%. ADR and occupancy below each bar show what drove it. Stockholm Copenhagen Oslo Helsinki Luxury +7.5% Luxury +7.8% Luxury +5.7% Luxury +10.5% ADR +3.

  53. Slide 53: Regions vs capitals: occupancy decides

    CO MP ARI S O N · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY RevPAR ADR Occupancy (pp) Regions vs capitals: occupancy decides +8% +6.8% Level YTD 2026 +6% RE V P AR · E UR +4.8% 73 99 +3.8% +4% +3.2% Regions Capitals +2.0 pp ADR · E UR +2% +1.0 pp 111 139 Regions Capitals 0% Regional cities Capitals

  54. Slide 54: Nordic and Baltic regional cities development YTD

    RE V P AR · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY Nordic and Baltic regional cities development YTD Regional cities in growth Regions ahead of capital 57 / 68 2 of 5 Country Regions Capital Up Sweden +7.1% Stockholm +11.2% 31/36 Norway +1.6% Oslo +1.8% 9/13 Denmark +3.2% Copenhagen +8.3% 4/5 Fin

  55. Slide 55: Swedish Cities development YTD

    RE V P AR · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY Swedish Cities development YTD Sweden total, RevPAR YTD Cities in growth +8.2% 32 / 37 +15% and above 2 cities Jönköping +26.4 · Piteå +18.5 +10 to +15% 5 cities Helsingborg +13.6 · Kristianstad +11.8 · Örebro +11.7 · Stockholm +11.2 · Skövde +10

  56. Slide 56: Norwegian Cities development YTD

    RE V P AR · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY Norwegian Cities development YTD Norway total, RevPAR YTD Cities in growth +2.5% 10 / 14 +10 to +15% 2 cities Harstad-Narvik +10.8 · Bodø +10.7 +5 to +10% 3 cities Bergen +9.0 · Lillehammer +7.1 · Kristiansund +6.5 0 to +5% 5 cities Tromsø +4.6 ·

  57. Slide 57: Danish Cities development YTD

    RE V P AR · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY Danish Cities development YTD Denmark total, RevPAR YTD Cities in growth +8.0% 6/7 +15% and above 1 city Torshavn +16.4 +5 to +10% 1 city Copenhagen +8.3 0 to +5% 4 cities Aalborg +3.8 · Kolding +3.8 · Aarhus +3.4 · Odense +0.2 −5 to 0% 1 city Ve

  58. Slide 58: Finnish Cities development YTD

    RE V P AR · YE AR TO DATE J AN – S E P 2 0 2 6 V S LY Finnish Cities development YTD Finland total, RevPAR YTD Cities in growth +2.3% 13 / 13 +10 to +15% 1 city Vaasa +10.5 +5 to +10% 4 cities Rovaniemi +9.8 · Joensuu +8.7 · Pori +8.3 · Vantaa +7.3 0 to +5% 8 cities Espoo +3.8 · Jyväskylä +2.3 · Kuo

  59. Slide 59: Forward bookings against last year

    O N THE BO O KS · AS P E R 1 O CT 2 0 2 6 · O CT 2 0 2 6 – S E P 2 0 2 7 V S LY Forward bookings against last year Helsinki Compset +22.4% Reykjavik +4.6% Helsinki Göteborg Compset +13.2% % +22.4% Copenhagen Market +11.8% Oslo −8.9% Stockholm Tallinn −3.8% Reykjavik Compset +4.6% Göteborg −13.7% +13

  60. Slide 60: Copenhagen — On the Books

    FO RE CAS T · CO P E NHAG E N · DAI LY, RO LLI NG 7 DAYS On the books, rolling 7 days Copenhagen — On the Books LY on the books, same point LY actual (realised) Total on the books vs LY Widest lead over LY Days ahead of last year 20.2% +11.8% vs LY +13.0pp 2–8 Mar 2027 256 of 365 days Last year at t

  61. Slide 61: Stockholm — On the Books

    FO RE CAS T · S TO CKHO LM · DAI LY, RO LLI NG 7 DAYS On the books, rolling 7 days Stockholm — On the Books LY on the books, same point LY actual (realised) Total on the books vs LY Widest lead over LY Days ahead of last year 17.2% −3.8% vs LY +16.8pp 6–12 Apr 198 of 365 days Last year at the same p

  62. Slide 62: Oslo — On the Books

    F O RECAS T · O SL O · DAI L Y, RO L L I NG 7 DAYS On the books, rolling 7 days Oslo — On the Books LY on the books, same point LY actual (realised) Total on the books vs LY Widest lead over LY Days ahead of last year 18.8% −8.9% vs LY +6.7pp 8–14 Nov 2026 147 of 365 days Last year at the same point

  63. Slide 63: Helsinki — On the Books

    FO RE CAS T · HE LS I NKI · DAI LY, RO LLI NG 7 DAYS On the books, rolling 7 days Helsinki — On the Books LY on the books, same point LY actual (realised) Total on the books vs LY Widest lead over LY Days ahead of last year 17.2% +22.4% vs LY +23.3pp 9–15 Jun 2027 273 of 365 days Last year at the sa

  64. Slide 64: Reykjavik — On the Books

    F O RECAS T · REYKJ AVI K · DAI L Y, RO L L I NG 7 DAY S On the books, rolling 7 days Reykjavik — On the Books LY on the books, same point LY actual (realised) Total on the books vs LY Widest lead over LY Days ahead of last year 38.5% +4.6% vs LY +11.4pp 11–17 Jul 230 of 365 days Last year at the sa

  65. Slide 65: Thank you!

    Thank you! benchmarkingalliance.com [email protected]

  66. Slide 66: Forward-looking statements

    Pandox AB (publ) Box 15 Tel: +46 8 506 205 50 Forward-looking statements. This presentation contains forward-looking statements. Such statements are subject SE-101 20 Stockholm www.pandox.se to risks and uncertainties as various factors, many of which are beyond the control of Pandox AB (publ), may

Pandox — Q3 2026 Earnings Presentation on 6ix