Speech by Stefan Goetz, Chair of the Board of Verisure plc

Good afternoon.

My name is Stefan Goetz and, as Chair of the Board, I wish you all a very warm welcome to the first Annual General Meeting of Verisure as a listed company.

As some of you know, I led the acquisition of Hellman & Friedman’s stake in Verisure in 2011 and have been closely involved with the Company ever since.

The last 15 years have thrown their measure of shocks and macro challenges at Verisure.

The Euro crisis, wars, supply chain disruptions, inflation, interest rate hikes, the pandemic... and yet, Verisure has thrived throughout and demonstrated the resilience that is intrinsic to its model.

I also want to recognise management. The team have been agile in navigating uncertainty and have operated with discipline, balance and with their eyes firmly on Verisure’s long-term opportunity.

It’s not just because of this that I regard Verisure as one of a kind. Verisure is exceptional both in its mission, and as a business.

The mission is noble. To “Protect What Matters Most”. Protecting families and small businesses against home invasion, burglary, house fire, water damage, or in an emergency.

Verisure serves a fundamental human need. To feel safe and secure in your own home. That is the foundation upon which Verisure has created its business.

Verisure’s track record as a business is exceptional. 

The Company was founded here, in Sweden, 37 years ago. Back in 2011 when Hellman & Friedman invested, Verisure operated in 8 countries, had a portfolio of 1.4 million customers and revenue of €670 million.

We just closed 2025 with a portfolio of 6.2 million in 18 countries and revenue of €3.7 billion. Throughout this entire period, Verisure has delivered uninterrupted growth in subscribers, revenues and profitability. These results reflect a consistent strategy, disciplined execution, and an outstanding team.

Which brings us to today.

Verisure is the global leader in its category, with strong operating economics, and a long runway for further sustained profitable growth.

Looking forward, our plan is to continue to deliver balanced and quality long-term growth.

This means consistent expansion of Annualised Recurring Revenue at attractive unit economics, strong operating leverage, and increasing cash conversion.

Verisure does not chase growth at the expense of quality, nor does it sacrifice the long-term for the short-term.

The opportunity ahead of Verisure is tremendous and I have great confidence that we have the right team to seize it.

I’m here today as the Chair of the Supervisory Board to represent all shareholders.

As a partner at Hellman & Friedman, I would nevertheless like to add that it has now been 15 years since H&F first invested.

We regard ourselves as long-term investors and look forward to remaining the lead investor at Verisure in what we hope will be a strong partnership between institutional private and public market investors.

Austin will cover the Company’s performance and perspectives in more detail in a few minutes. I will be happy to answer your questions together with him after his presentation.

From the Board’s perspective, we enter the next chapter with conviction in the fundamentals of the business. The Board is focused on supporting long-term sustainable value creation for all shareholders, and we have strong confidence in Austin and the management team, who have led the Company with clarity, ambition and discipline.

I recognise that Verisure’s share price development since listing has been disappointing. However, I do not believe that this reflects the strength of operational and financial delivery.

In this context, the Board and the Executive team are highly focused on quality execution, as well as clear and effective communication to the market.

I am convinced that over time the share price will close the gap we see to fundamental value.

The Nomination Committee is proposing two new independent directors to this AGM which, if agreed, will bring the total number of independents on the board to six.

The Board is committed to upholding the Swedish tradition of strong corporate governance, deep shareholder engagement, and accountability. We will act as good stewards of the business and look forward to continued engagement with all shareholders in the coming quarters and years ahead.

As I believe you are all aware, Verisure plc is a company registered in the UK and listed on Nasdaq Stockholm. We have chosen to apply the Swedish Corporate Governance Code over the UK code, to generally be aligned with the expectations of the Swedish shareholder community for companies listed on Nasdaq Stockholm. This also means that today’s AGM will be conducted in accordance with UK company law and nearly all parts of the Swedish Code.

With that said, we will proceed with the formal AGM. As a quorum is present, I declare the meeting open.

I would now like to present Björn Kristiansson, member of the Swedish Bar Association and partner at Kanter law firm, who is proposed by the Nomination Committee as Chair of the AGM.

I now hand over to you, Björn, to lead us through the formal meeting.

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