Gapwaves Ab Class B · OMXSTO:GAPW_B

Gapwaves Ab Class B — Q3 2026 Earnings Presentation

18 slides from Gapwaves Ab Class B's earnings presentation, Oct 22, 2026

  1. Slide 1: Webcast Q3 2026

    Webcast Q3 2026

  2. Slide 2: Gapwaves in brief

    GAPWAVES IN BRIEF Swedish tech company with patented waveguide technology What we do Applications Value chain position High-performance waveguide solutions TIER 2 Automotive SUPPLIERS Mobility Example companies Defense TIER 1 Satcom SUPPLIERS Telecom Example companies Smart City CAR MANUFACTURERS (O

  3. Slide 3: Gapwaves markets

    Gapwaves markets Volume market today Target market applications Mobility Telecom Defense Automotive Same patented Radar for ADAS , in-cabin and autonomy waveguide technology Satcom Smart city

  4. Slide 4: Well-positioned for profitable growth

    INVESTMENT CASE Well-positioned for profitable growth  Strong market potential and growing TAM Driven by regulation and customer needs  World-leading technology With extensive patent portfolio  Volume production has started >3 600 000 antennas produced with Gapwaves technology YTD 2026  Asset-li

  5. Slide 5: Q3 Highlights

    “APWAVES ighlights Q3 H 2026

  6. Slide 6: Operational achievements

    Q3 2026 Operational achievements  Continued Valeo volume production ramp up, demand increasing above plan  Capacity is increased built for even further volume increases from 2028  Development has started on antennas for Valeo’s next-generation radar sensors  More than 3,6 million antennas produc

  7. Slide 7: Products on the roads: deployed in cars

    PRODUCTS ON THE ROADS Deployed in cars More to come New Mercedes-Benz CLA with EQ technology Geely Group Volvo XC70 in China China’s second-largest automotive manufacturer, owner of Volvo Cars, Polestar, Zeekr and others

  8. Slide 8: Q3: Progress in our transition

    HIGHLIGHTS Q3 Q3: Progress in our transition Net sales (MSEK) Q3 Net Sales MSEK 9,0 20 (MSEK 20,4) 10 0 Q3 Adj. EBITDA Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -14,2 2023 2024 2025 2026 MSEK (MSEK -15,3)  Transition from project revenues to product sales continues  Net sales 9 MSEK (20,4) and

  9. Slide 9: Revenue mix is behind the year-on-year decline

    HIGHLIGHTS Q3 Revenue mix is behind the year-on-year decline 20,4 MSEK  Product sales now largest revenue stream  Comparison quarter included sales of production equipment for 9 MSEK and higher project revenue  Continued market caution around new projects – reflecting uncertainty in automotive in

  10. Slide 10: Sensrad

    Sensrad Sensrad Resources prioritised towards Gapwaves’ core business, ongoing scale-up and areas with stronger growth potential  Stake in Sensrad written down  30% ownership in Sensrad transferred to main shareholder Qamcom after the quarter  Potential upside from future share transaction  Sens

  11. Slide 11: Expanding beyond Automotive

    BROADER COMMERCIAL PLATFORM Expanding beyond Automotive  Expansion into new segments is intensifying alongside the automotive scale-up  The Gotmic partnership is a concrete example: waveguide packaging for high-power amplifier modules  Potential in defense, telecom and satellite communications 

  12. Slide 12: New growth segment: radar seeker

    AFTER THE QUARTER New growth segment: radar seeker  Developing a compact, cost-effective mm-wave radar  Vinnova-funded research project  For the detection and defeat of drones Counter-Unmanned Aerial Systems (C-UAS)  Bringing industrialized technology for Automotive to defense, where demand is s

  13. Slide 13: Financing – Rights Issue to be decided at EGM November 10th

    RIGHTS ISSUE Financing – Rights Issue to be decided at EGM November 10th Use of proceeds Accelerated Commercialization commercial Improved New growth of the next- upscaling in margin platform in generation Automotive potential defense waveguide antenna

  14. Slide 14: Outlook

    Outlook  Long term market outlook unchanged  Revenue transition  From research-focus, short-term project revenues to product sales  Production ramp-up  Continued volume growth with Valeo and Hella production  Continued supply chain development  Additional growth drivers  Autonomous vehicles

  15. Slide 15: Near-term

    Near-term  Continue Valeo ramp-up and significant 10 000 000 volume expansion Antennas produced with Gapwaves technology  Focus on business development in new segments >4 500 000  Adding new automotive Tier 1 customers and SOP, positive development in prospect discussions >840 000 60 000 >100 000

  16. Slide 16: “aAPWAVES

    “aAPWAVES

  17. Slide 17: For more information

    For more information CONTACT Jonas Ehinger CEO [email protected]

  18. Slide 18: Thank you!

    Thank you! Follow us Gapwaves AB (publ) Corp. Reg. No. 556840-2829 Headquarters: Nellickevägen 22 SE-412 63 Gothenburg, Sweden Tel: +46 31 762 60 40 E-mail: [email protected] www.gapwaves.com

Gapwaves — Q3 2026 Earnings Presentation on 6ix