Deme Group Nv · EURONEXT:DEME
Deme Group Nv — H1 2025 Earnings Presentation
32 slides from Deme Group Nv's earnings presentation, Aug 26, 2025
Slide 1: Half-Year Results 2025
HALF-YEAR RESULTS 2025 STRONG FIRST HALF DELIVERS RECORD PROFITABILITY; FULL-YEAR EBITDA GUIDANCE RAISED Luc Vandenbulcke & Stijn Gaytant August 26, 2025
Slide 2: Agenda
AGENDA 1 Executive summary 4 ESG 2 Group financial highlights 5 Outlook 3 Segment updates 6 Q&A 2
Slide 3: Executive Summary 1H25
EXECUTIVE SUMMARY 1H25 STRONG FIRST HALF DELIVERS RECORD PROFITABILITY; FULL-YEAR EBITDA GUIDANCE RAISED “I want to thank the DEME team for their sustained strong operational performance across projects worldwide. Despite market instability, we delivered for the second consecutive semester more than
Slide 4: Norse Wind newbuild project reaches jacking test milestone
The Norse Wind newbuild project has reached a significant milestone with the successful completion of its full height jacking test in August. 4
Slide 5: Group Financial Highlights
01 GROUP FINANCIAL HIGHLIGHTS 5 FULL YEAR RESULTS 2022 5
Slide 6: 1H25 – Key Financial Highlights (1/2)
1H25 – KEY FINANCIAL HIGHLIGHTS (1/2) INCOME STATEMENT (in millions of euros) 1H25 1H24 1H23 Order book remains at healthy level of 7.5 billion euros Order book 7,521 7,622 7,654 y-o-y growth -1% -0% +36% Turnover 2,117 1,916 1,475 Turnover +10%, surpassing the 2 billion euros mark, y-o-y growth +10
Slide 7: 1H25 – Key Financial Highlights (2/2)
1H25 – KEY FINANCIAL HIGHLIGHTS (2/2) KEY BALANCE SHEET ITEMS CapEx declined y-o-y (in millions of euros) 1H25 FY24 1H24 Excluding the Havfram acquisition, investments amounted to Operating working capital1 -817 -813 -575 141 million euros - primarily allocated to lifetime extensions and capitalized
Slide 8: 1H25 – Group Order Book
1H25 – GROUP ORDER BOOK 1 ORDER BOOK REMAINS SOLID Order book Geographical breakdown Order book run-off 7,654 7,622 7,521 3% 1,558 8% 10% 1,536 5,620 6% 4,737 11% 1H25 3% 2,486 16% 1H24 1,940 76% 62% 5% Europe Africa The Americas Asia 2 2H25 FY26 FY27 >2027 1H21 1H22 1H23 1H24 1H25 Middle East (in m
Slide 9: 1H25 – Group Turnover
1H25 – GROUP TURNOVER SEGMENT BREAKDOWN - GROUP TURNOVER GREW 10% WITH STRONG GROWTH IN OFFSHORE ENERGY Turnover Geographical breakdown 2,117 2,117 1,916 1,916 2% 1,475 15% 1,475 1,292 11% 6% 1,292 1,063 1,063 22% 9% 1H24 1H25 53% 8% 66% 8% Europe Africa 1H21 1H22 1H23 1H24 1H25 The Americas Asia Mi
Slide 10: 1H25 – Group Profitability
1H25 – GROUP PROFITABILITY SURGE IN ALL PROFITABILITY METRICS EBITDA & EBITDA margin EBIT & EBIT margin Net profit & margin (in millions of euros) (in millions of euros) (in millions of euros) 500 464 250 20.0% 200 20.0% 223 179 400 21.9% 200 345 15.0% 150 141 15.0% 20.0% 150 300 150 222 18.0% 10.6%
Slide 11: 1H25 – Segments
1H25 – SEGMENTS COMPLEMENTARY SEGMENTS CONTRIBUTE TO A BALANCED AND DIVERSIFIED REVENUE STREAM OFFSHORE ENERGY DREDGING & INFRA ENVIRONMENTAL CONCESSIONS (in millions of euros) 1H25 1H24 1H25 1H24 1H25 1H24 (in millions of euros) Since start Turnover1 1,141 948 142 Value of projects at 898 992 175 c
Slide 12: Segments Update
02 SEGMENTS UPDATE 12 FULL YEAR RESULTS 2022
Slide 13: Offshore Energy
—_ — — , _ . — % — 4 DEME
Slide 14: Offshore Energy Performance Dashboard 1H25
OFFSHORE ENERGY Order book reached 4.1 billion euros, up from 4.0 billion euros, including the addition of Havfram order book, add-ons to existing projects and EBITDA grew 118% driven by strong turnover growth and disciplined and effective execution addition of smaller new contracts PERFORMANCE DASH
Slide 15: Offshore Energy Key Projects in 2025
DOGGER BANK A, B and C (3.6 GW) OFFSHORE ENERGY D Inter-array cables & rock dumping NEARTH NA GAOITHE (0.45 GW) Inter-array and interconnector cables KEY PROJECTS IN 2025 BALTIC POWER (1.2 GW) DIEPPE – LE TRÉPORT (0.5 MW) C Pin piles, jackets for 62 turbines; offshore substation and inter-array cabl
Slide 16: Dredging & Infra
DREDGING & INFRA
Slide 17: Dredging & Infra Performance Dashboard 1H25
DREDGING & INFRA Order book -7% compared to last year; remains healthy at over 3 billion euros and with EBITDA margin declined to 12% largely due to adverse results on a marine PERFORMANCE DASHBOARD 1H25 continued strong tender activity infrastructure project Turnover relatively stable compared to a
Slide 18: Dredging & Infra Key Projects in 2025
ARDERSIER ENERGY TRANSITION FACILITY A Deepening and widening of the harbor and access channel DREDGING & INFRA B PORT-LA NOUVELLE Port expansion via dredging and construction of terminals KEY PROJECTS IN 2025 OOSTERWEEL C Completion of tunnel elements for the Scheldt Tunnel PRINCESS ELISABETH ISLAN
Slide 19: Environmental
ENVIRONMENTAL
Slide 20: Environmental Performance Dashboard 1H25
ENVIRONMENTAL Order book remains stable with projects in the Benelux; exploring opportunities in Italy EBITDA margin of 15%, up from 13% a year ago and the UK PERFORMANCE DASHBOARD 1H25 Turnover of 142 million euros with work on long- Expanding treatment capacity in Belgium and the term and complex
Slide 21: Environmental Key Projects in 2025
ENVIRONMENTAL KEY PROJECTS IN 2025 A BERGEN Remediation of the Slettebakken landfill contracted by the City of Bergen; >200,000 tons of landfill waste A GORINCHEM-WAARDENBURG (GOWA) 23 km dike reinforcement project, part of the National Flood Protection Program B MARKEN A multi-year dike reinforceme
Slide 22: Concessions
CONCESSIONS
Slide 23: Concessions – Active in Four Sectors
CONCESSIONS ACTIVE IN FOUR SECTORS NET RESULT DREDGING & INFRA GREEN HYDROGEN (in millions of euros) 1H25 1H24 1H23 Involved in marine infrastructure Laying the groundwork for green projects such as Port-La Nouvelle hydrogen development with focus on Net result from associates 5 11 18 (France) and P
Slide 24: ESG
03 ESG 24 FULL YEAR RESULTS 2022
Slide 25: ESG 1H25
ESG 1H25 ENVIRONMENTAL SOCIAL & SAFETY Transition to renewable energy and more efficient infrastructure solutions HR Ambassador award, reflecting DEME’s - Offshore Energy further increased its contribution to the group’s commitment to attracting and retaining top talent turnover, accounting for 51%
Slide 26: DEME partners with Innoptus Solar Team
DEME DEMEisisproud proudtotopartner partnerwith withthe the Innoptus InnoptusSolar SolarTeam Teamas asthey theytake takeon onthe the Bridgestone BridgestoneWorld WorldSolar SolarChallenge, Challenge,the the world’s world’s premier premier solar solar car car race race in in Australia Australia. 26
Slide 27: Outlook
04 OUTLOOK NS DEME
Slide 28: Outlook
OUTLOOK “Our long-term vision and continued focus on innovation are clearly paying off. Given this strong first half-year performance, we are reaffirming our topline guidance and are raising our profitability outlook for the year.” Based on a solid first half performance and taking into account the
Slide 29: Q&A
05 Q&A 29 FULL YEAR RESULTS 2022
Slide 30: Financial Calendar
FINANCIAL CALENDAR Trading update Q3 2025 November 13, 2025 Full-year results 2025 February 26, 2026 Trading update Q1 2026 May 13, 2026 Annual General Meeting May 20, 2026 Half-year results 2026 August 26, 2026 30
Slide 31: Thank You
THANK YOU For more information, please contact vandenbussche.carl@deme-group.com
Slide 32: Disclaimer
DISCLAIMER This presentation contains proprietary and/or confidential information. Any disclosure, copying, distribution or use of this information/the ideas incorporated is strictly prohibited. This information is not to be considered as a representation of any kind. Any intellectual and industrial