Slides
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Company Introduction Prepared for Pareto Securities 6th Annual TechSaaS Conference Stockholm 13/11/2025
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Today’s Speaker 2 Ola Stene-Johansen Group CEO M.Sc.BA, NHH Cofounder of key subsidiaries
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Disclaimer This presentation has been prepared by Lokotech Group A/S (the “Company”) solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Certain statements included in this presentation contain various forward-looking statements that reflect management’s current views with respect to future events and financial and operational performance. The words “believe,” “expect,” “anticipate,” “intend,” “may,” “plan,” “estimate,” “should,” “could,” “aim,” “target,” “might,” or, in each case, their negative, or similar expressions identify certain of these forward-looking statements. Others can be identified from the context in which the statements are made. Although we believe that the expectations reflected in such forward- looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Factors that could cause these differences include but are not limited to the Company’s ability to operate profitably, maintain its competitive position, to promote and improve its reputation, to successfully execute its strategy and the impact of changes in pricing policies, political and regulatory developments in the markets in which the Company operates, and other risks. The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information contained herein. Accordingly, neither the Company nor its subsidiary undertakings or any of such person’s officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this document. 3
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A fabless semiconductor company for blockchain and AI operation, with ownership interests in mining pools and data center activities 4 LOKOTECH TODAY Operates cash-generating mining pool and data center operations expected to cover more than fixed costs in ‘25 Redesigned chip (“ASIC”) with superior power efficiency performance ready for tape out and mass production Listed on Euronext Growth with a current market capitalization of NOK 420 million as of Nov. 10th 2025 KEY ASIC DEVELOPMENT MILESTONES 2022 Sep-2023 Sep-2024 Chip successfully redesigned, with downscaled prototype development underway Commencement of prototype testing and validation for blockchain operation (Scrypt) Final power sims. for commercial chip, outperforming industry leaders by 111% on a larger and less advanced production node • • • GROUP STRUCTURE Scrypt ASIC Owns and operates the mining pool PowerPool.io Four datacenter projects in various development stages, with ownership of servers for rent Filecoin Storage Provider SPV for future AI business Group AS 100% 67% 100% 100% 100%
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Two Main Verticals: Hardware & Software Services 5 Operates cash-generating mining pool and data center operations expected to cover more than fixed costs in ‘25 Redesigned chip (“ASIC”) with superior power efficiency performance ready for tape out and mass production Listed on Euronext Growth with a current market capitalization of NOK 420 million as of September, 2025 ASIC DEVELOPMENT MILESTONES 2022 Sep-2023 Sep-2024 Chip successfully redesigned, with downscaled prototype development underway Commencement of prototype testing and validation for blockchain operation (Scrypt) Final power sims. for commercial chip, outperforming industry leaders by 135% on a larger and less advanced production node • • • Scrypt ASIC Owns and operates the mining pool PowerPool.io Four datacenter projects in various development stages, with ownership of servers Filecoin Storage Provider SPV for future AI business Group AS 100% 67% 100% 100% 100%
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Chip Status: On the Brink of Tape-Out 6 5 years of R&D – Successfully completed design of dual-use chip After a series of rigorous design iterations, comprehensive simulations, testing, and validation, Lokotech has developed a groundbreaking dual- use chip for blockchain mining (Scrypt ASIC) and edge AI inference Outperforming current market leader T esting and simulations demonstrate that the chip outperforms the market leader and closest peer (Bitmain), offering 2–4x greater energy efficiency in blockchain mining. • • • Strong market development continues: Active hashrate grown 87,7% YTD 4th of November 2025 >100% growth in FY 2024
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7 L11 Hashrate: 20 Gh/s Power: 3680W Efficiency: 0.19 J/Mh Algorithm: Scrypt Hashrate: 18,64 Gh/s Power: 1750W Efficiency: 0.09 J/Mh Algorithm: Scrypt Advantage: ~111%
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8 ASIC MILESTONES – R&D 2022 Sep-2023 Sep-2024 Chip successfully redesigned, with downscaled prototype development underway Commencem ent of prototype testing and validation for blockchain operation (Scrypt) Final power sims. for commercial chip, outperforming industry leaders by 135% on a larger and less advanced production node ASIC MILESTONES – Initialization of Mass Production of Full Commercial ASIC Jun-25 Financing secured Route to tape-out started Q3-25 Final validation of design – Checklist of 60+ engineering milestones worked through Nov 25 Top layer in validation phase Dry Runs, DRC, and Tape Out imminent ASIC MILESTONES – Ramp up of Mass Production Q1 - 25 First silicon out of fab Testing, validation, certification and deliveries on initial orders. Q2 -> Ramp of mass production
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ASIC Miners 9
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Key considerations of ASIC vertical: 10 Improve reliability and programmability An integration of an on-chip microcontroller, enhances reliability and programmability to mitigate minor flaws in the mask set Process to improve overall production efficiency Regardless of the success of the Rev 1.0 mask set, a consideration of a Rev 1.1 at a later stage is planned. The rationale for this would be to optimize production yield • • • • Rigorous testing with more than 15 tape-outs Lokotech's design team has completed over 15 tape-outs without major flaws requiring a re-spin. This shows the confidence in the quality of the design. Downscaled prototype verified in actual use on mainnet Using a mature, proven technology node Designed chip for a mature process technology node (12nm), minimizing technical risks associated with blocks from standard libraries Scrypt ASIC Specifications Power Efficiency: 0.077 J/MH Power Consumption: 0.80W Hashrate Per ASIC: 10.40 MH/s
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Two Main Verticals: Hardware & Software Services 11 Operates cash-generating mining pool and data center operations expected to cover more than fixed costs in ‘25 Redesigned chip (“ASIC”) with superior power efficiency performance ready for tape out and mass production Listed on Euronext Growth with a current market capitalization of NOK 420 million as of September, 2025 ASIC DEVELOPMENT MILESTONES 2022 Sep-2023 Sep-2024 Chip successfully redesigned, with downscaled prototype development underway Commencement of prototype testing and validation for blockchain operation (Scrypt) Final power sims. for commercial chip, outperforming industry leaders by 135% on a larger and less advanced production node • • • Scrypt ASIC Owns and operates the mining pool PowerPool.io Four datacenter projects in various development stages, with ownership of servers Filecoin Storage Provider SPV for future AI business Group AS 100% 67% 100% 100% 100%
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12 Proprietary software with attractive margins Leverages proprietary, math-first software and advanced optimization algorithms to maximize miner profitability with a competitive 1% fee, maintaining a relative stable 3% net revenue margin • Strong financial performance In H1 2025, Average monthly net revenue was about 75.000 Euro. Growing at 7,72% monthly, compounded, exceeding 100.000 euro in June. Cash portion of acquisition repaid through dividends approx. 1 year after closing • Steady and rapid growth and retention 2024 ended around 13.9% monthly compounded growth rate, with the first client still actively mining. SOC-certification issued November 2025 • Potential to generate EUR 1,5-2m in profit for 2025, given success of closing 1 or more enterprise clients • € (200,000.00) € - € 200,000 € 400,000 € 600,000 € 800,000 € 1,000,000 € 1,200,000 € 1,400,000 € 1,600,000 Accumulated Net Revenue Powerpool.io
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PowerPool.io: A global presence 1 409867 Count >8300 clients from >121 nations, and counting…
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0 TH 10 TH 20 TH 30 TH 40 TH 50 TH 60 TH 2/8/22 8/27/22 3/15/23 10/1/23 4/18/24 11/4/24 5/23/25 12/9/25 6/27/26 Hashrate Scrypt 0 PH 100 PH 200 PH 300 PH 400 PH 500 PH 600 PH 700 PH 800 PH 900 PH 8/27/22 3/15/23 10/1/23 4/18/24 11/4/24 5/23/25 12/9/25 6/27/26 Hashrate Sha256 0 TH 1 TH 1 TH 2 TH 2 TH 3 TH 3 TH 4 TH 4 TH 6/23/23 10/1/23 1/9/24 4/18/24 7/27/24 11/4/24 2/12/25 5/23/25 8/31/25 12/9/25 3/19/26 Hashrate kHeavyHash 0 TH 20 TH 40 TH 60 TH 80 TH 100 TH 120 TH 6/23/23 10/1/23 1/9/24 4/18/24 7/27/24 11/4/24 2/12/25 5/23/25 8/31/25 12/9/25 3/19/26 Hashrate X11 0 PH 2 PH 4 PH 6 PH 8 PH 10 PH 12 PH 14 PH 3/15/23 6/23/23 10/1/23 1/9/24 4/18/24 7/27/24 11/4/24 2/12/25 5/23/25 8/31/25 12/9/25 Hashrate Blake2S 0 PH 2 PH 4 PH 6 PH 8 PH 10 PH 12 PH 14 PH 16 PH 18 PH 8/27/22 3/15/23 10/1/23 4/18/24 11/4/24 5/23/25 12/9/25 6/27/26 Hashrate Eaglesong Note: all graphs are 20-day rolling average
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15 0 PH 100 PH 200 PH 300 PH 400 PH 500 PH 600 PH 700 PH 800 PH 900 PH 11/4/24 12/24/24 2/12/25 4/3/25 5/23/25 7/12/25 8/31/25 10/20/25 12/9/25 Pool hashrate SHA-256, 2025 YTD Note: all graphs are 20-day rolling average External data: coinwarz.com Market growth: 41 % YTD PowerPool.io growth: 157 % YTD Conclusion: We’re increasing our market share
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16 Note: all graphs are 20-day rolling average External data: coinwarz.com Market growth: 78 % YTD PowerPool.io growth: 218 % YTD Conclusion: We’re increasing our market share 0 TH 1 TH 2 TH 3 TH 4 TH 5 TH 6 TH 7 TH 8 TH 11/4/24 12/24/24 2/12/25 4/3/25 5/23/25 7/12/25 8/31/25 10/20/25 12/9/25 Pool hashrate Scrypt 2025 YTD
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Growth Drivers for the Future SOC-Certified: Nov 2025 • Attractive for enterprise scale clients • Synergizes well with “Key-Account Strategy” of offering hardware solutions on top of service offering. • A single enterprise client can contribute 5-15x towards our net revenue, depending on details. 17 Marketing Ploy: “Soup4Sats” Key Takeaways: • 40% of our fees were donated – loss of revenue. • 10% (Scrypt) and 20% (SHA-256) volume increase on new sign-ups. • CAC-payback: <30 days • Concluded that new sign-ups are “sticky” . Powerpool Hosting AS: • Diversifying revenue stream for also selling hard services, including hosting of mining hardware, on top of software services. • Pilot program initiated. • Operations expects to begin in mid December 2025. • First batch of hardware is fully reserved. • Lowers friction for clients to grow in ecosystem where integration is seamless towards the familiar environment. • Increases retention as it forces SaaS- sales on top.
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Summary: 18 Lokotech Group – Owner of 5 subsidiaries Lokotech Group is a publicly listed company on Euronext Growth Oslo, with a market capitalization of approximately NOK 420 million. It operates five subsidiaries focused on semiconductors, data centers, and crypto mining pool services Lokotech AS – The most efficient chip for Scrypt blockchains Its primary subsidiary, Lokotech AS, has developed a groundbreaking dual-use chip for blockchain mining (Scrypt) and AI. Testing and simulations demonstrate that the chip outperforms the market leader and closest peer (Bitmain), offering 2–4x greater energy efficiency when mining Strong interest from large market players – USD 2-13m framework agreements already signed Lokotech AS is targeting a multi-billion-dollar industry and has already generated strong interest in its products. Lokotech is in discussions with large international market participants. For instance, the company has already signed a framework agreement with a private operator in the USA with gross revenue of USD 2–5 million, with additional upside potential Pipeline of significant milestones in 2025/2026 and an attractive financial position Company operating in a semiconductor vertical where cash up front is the norm. Important catalyst to determine ability for rapid growth. Cash-generating mining pools and data center operations expected to cover more than Group’s operating costs in 2025 Powerpool Mining SL is performing well and is generating positive and increasing cash flow. • • • • •
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post@lokotech.no Org Number: 818 709 692 www.lokotechgroup.com Address: St. Olavs gate 21B 0165 Oslo, Norway Thank You! Q&A