A leading industrial investment company focused on brands and consumer-oriented industries Investor Presentation 2026 Disclaimer This presentation has been prepared by Orkla ASA (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 ...

Core Viewpoint - State-owned investment platforms (城投公司) are transitioning from urban infrastructure investment to diversified industrial investment, with over 300 such companies acting as limited partners (LPs) in equity funds, indicating a significant shift in their operational focus towards profitability and market-oriented strategies [1][4]. Group 1: Transition of State-owned Investment Platforms - More than 300 city investment companies are now acting as LPs in equity funds, with over 200 companies rebranding as "industrial investment" firms [1]. - Over 600 city investment companies have exited government financing platforms, indicating a move towards a more market-driven approach [1]. - The transition is characterized by a focus on industrial investment, which is more diversified and professional compared to traditional urban infrastructure financing [1]. Group 2: Case Study of Hefei Construction Investment - Hefei Construction Investment (合肥建投) serves as a benchmark for the industry, evolving from a traditional government financing platform to a state-owned capital investment and operation company [2][3]. - Since its establishment in 2006, Hefei Construction Investment has financed nearly 1.1 trillion yuan for urban construction, contributing over 50% of the city's funding [2]. - The company has diversified its operations into four main areas: engineering construction, strategic emerging industry investment, urban operation services, and rural revitalization [3]. Group 3: Investment Strategy and Ecosystem Development - Hefei Construction Investment manages assets of 36 billion yuan and has invested over 42 billion yuan in sectors like new displays, integrated circuits, and new energy vehicles [3]. - The company has led and participated in 20 major projects with a total investment exceeding 3.193 trillion yuan, establishing a successful investment cycle that supports high-quality economic development [3][4]. - The "Hefei Model" emphasizes leveraging government investment to attract social capital for industrial development, showcasing a unique local operational strategy [4]. Group 4: Future Trends and Opportunities - The transition of city investment companies towards industrial investment is expected to accelerate, with many entering the VC/PE industry as LPs [4]. - Investment institutions are likely to focus on cultivating local industrial ecosystems, adapting strategies based on regional resources and advantages [4][5]. - General partners (GPs) are under pressure to create distinctive value for LPs by integrating industry chain resources and providing differentiated services [5].

Core Viewpoint - The event organized by Lingang Group aims to create a platform for semiconductor companies in the park to connect with top investors, showcasing the transformation value of the semiconductor industry and facilitating financing opportunities for enterprises [2][6]. Group 1: Industry Development - Lingang Group has established a strong foundation in the semiconductor industry, with over 300 integrated circuit companies in its parks, accounting for 18% of Shanghai's total output [6]. - The "Dongfang Xin Gang" park serves as a benchmark for the semiconductor industry, leading in manufacturing capacity and covering all eight core equipment categories [6][7]. - The park has become a key location for semiconductor companies to establish their second headquarters or production bases, fostering innovation through a collaborative ecosystem [6][7]. Group 2: Investment Strategy - Lingang Group is shifting its strategy to "precise investment," actively engaging with investment institutions to support the growth of specialized enterprises in the semiconductor sector [7][8]. - The group has invested in several semiconductor companies through its industrial funds, including notable firms like Lanqi Technology and Jita Technology [7][8]. - The establishment of a 300 million yuan semiconductor special fund and a 500 million yuan fund for intelligent manufacturing and information technology reflects the group's commitment to deepening investment opportunities [7][8]. Group 3: Future Planning - Lingang Group aims to enhance its industrial chain by focusing on advanced processes and core areas in the semiconductor industry, promoting both leading projects and existing industry leaders [9][10]. - The group plans to build a "basic service + value-added service" system to address key pain points in R&D, thereby reducing costs and improving efficiency for enterprises [9][10]. - Future goals include doubling the scale of industrial investment and service revenue, transitioning from heavy asset development to light asset operations, and establishing a sustainable cycle of investment attracting enterprises and benefiting shareholders [10].