AutoStore Capital Markets Day 2024

18 Sep 2024 13:35 CEST

NEDRE VATS, Norway (September 18, 2024)-Today,
AutoStoreT (https://www.autostoresystem.com/) is hosting its second Capital
Markets Day in Manchester, UK.

"We are excited to spend the day with investors and analysts, highlighting our
robust position. AutoStore's platform for expanding market share is supported by
our competitive differentiation, innovative product portfolio, efficient go-to
-market model, and broad market reach", said Mats Hovland Vikse, CEO at
AutoStore.

Since 2020 AutoStore has consistently outperformed the market, with a CAGR of
53% compared to 7% for the market during the same period. However, the recent
challenging market backdrop has impacted the company's short-term performance.
 At the Capital Markets Day, the company is presenting its guidance for the
year.

Øverst i skjemaet

Nederst i skjemaet

"We are not immune to the uncertain macroeconomic backdrop, but we continue to
perform in line with- or better than the market and are guiding for 2024 revenue
of USD 575-600 million", said Paul Harrison, CFO at AutoStore.

At the event, CEO Mats Hovland Vikse, together with senior members of the
management team, will provide updates on AutoStore's growth agenda, market
position, and product strategy. This will be enhanced by insights from customers
attending the event.

Key highlights presented at the Capital Markets Day include:

· The warehouse automation market is expected to grow with a projected CAGR of
14% from 2024-2032.

· Cubic storage is emerging as the leading technology within ASRS light,
accounting for 13% of the market and will continue to gain share. AutoStore is
leading the cubic storage market with 97% of the installed base.

· Focus areas to drive organic growth include the land and expand model, high
throughput opportunities, go-to-market strategy expansion, and product
innovation.

· Continuous investment in product development includes innovations like the
AutoStoreT Multi-Temperature SolutionT, expanded Grid height, R5 Pro Robot, and
Pio 100 solution for the SMB market.

The event will be streamed live, with a recording available for download shortly
afterward at https://www.autostoresystem.com/investors.

Practical details

Venue:
THG Studios, 7-9 Sunbank Ln, Altrincham WA15 0AF, UK (~10 minutes from

Manchester Airport)

Event website for registration, live webcast link and other background
materials: www.autostoresystem.com/investors/capital-markets-day-2024

To participate in the Q&A, please use the following link:
https://app.sli.do/event/3qweSs2kY1N2JWqQq6bBre (https://eur02.safelinks.protect
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on.outlook.com/?url=https%3A%2F%2Fapp.sli.do%2Fevent%2F3qweSs2kY1N2JWqQq6bBre&da
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a=05%7C02%7Chiva.flaskjer%40autostoresystem.com%7Cb77afb5876f248458a8b08dcd7ad70
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7%7C67e37c48b2514faebf510c732630cd82%7C0%7C0%7C638622387147555644%7CUnknown%7CTW
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Programme (BST):

09:45    Registration at THG Studios

10:20    Tour the AutoStore high-throughput system and PIO 100

12:00    Buffet lunch served

13:00    Management presentations and Q&A

16:30    Drinks and discussion

This announcement includes inside information, is disclosed by Hiva Flåskjer,
SVP Investor Relations on the date and time indicated above and is disclosed in
accordance with section 5-12 and the Norwegian Securities Trading Act.

For further information, please contact:

Hiva Flåskjer, SVP Investor Relations, AutoStore AS

Phone: +47 958 66 790 I hiva.flaskjer@autostoresystem.com

Nili Eslah, Investor Relations Manager, AutoStore AS

Phone: +47 456 62 664 I nili@eslah@autostoresystem.com

About AutoStore | www.autostoresystem.com

AutoStoreT, founded in 1996, is a technology company that develops order
-fulfillment solutions to help businesses achieve efficiency gains within the
storage and retrieval of goods. The company offers both hardware and software
capabilities and the AutoStore technology is interoperable with other third
-party solutions.

AutoStore is global, with ~1,550 Systems in 57 countries. All sales are
distributed, designed, installed, and serviced by a network of qualified system
integrators referred to as "partners".

AutoStore was founded in Nedre Vats, on the west coast of Norway. The company
has offices in Norway, the U.S., the UK, Germany, France, Spain, Italy, Austria,
South Korea, Japan, Australia, and Singapore, as well as assembly facilities in
Poland and Thailand.

More information:
Access the news on Oslo Bors NewsWeb site

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