Core Insights - Pandora is expanding its distribution capabilities in the U.S. by relocating to a larger facility in Maryland, increasing its footprint by nearly 80 percent [1][2] Group 1: Expansion Plans - The new distribution center will be located in Anne Arundel, Maryland, 13 miles from the current site, and will have a total space of 107,000 square feet [1][2] - Construction is set to begin this month, with the facility expected to open in the first half of 2026 [4] Group 2: Operational Enhancements - The facility will support an omni-channel strategy with advanced fulfillment capabilities aimed at enhancing operational efficiency and enabling faster service across retail and e-commerce [3] - New warehouse and transport management systems will implement more efficient "pick-and-pass" methods to boost productivity [3] Group 3: Commitment to Sustainability and Employee Wellbeing - The new facility will be LEED Silver Certified, adhering to high standards for energy efficiency and sustainable design [5] - Employee wellbeing will be prioritized with upgraded amenities, ergonomic workstations, and collaborative spaces [5] Group 4: Business Performance - Pandora's U.S. business has shown sustained momentum, with revenue more than doubling from 2020 to 2024 and a reported 12 percent organic growth in the first half of 2025 [6] - The U.S. market has outperformed the broader market, driven by strong in-store and online traffic [6]

FIRST QUARTER 2025 EARNINGS PRESENTATION May 8, 2025 FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "expects," "believes," "estimates," "projects," "intends," "plans," "goal," "seeks," "may," "will," "should," or "anticipates" or the negative or other variations of these or similar words, or by discussions of fut ...