Deme Group Nv · EURONEXT:DEME
Deme Group Nv — H1 2026 Earnings Presentation
39 slides from Deme Group Nv's earnings presentation, Aug 26, 2026
Slide 1: Strong First Half Results, On Track for Another Record Year
HALF-YEAR RESULTS 2026 STRONG FIRST HALF RESULTS, ON TRACK FOR ANOTHER RECORD YEAR LUC VANDENBULCKE & STIJN GAYTANT Wednesday, August 26, 2026
Slide 2: Agenda
AGENDA Executive Outlook 1 4 Summary Financial Q&A 2 5 Update Business 3 Update 2
Slide 3: Executive Summary 1H26
EXECUTIVE SUMMARY 1H26 STRONG FIRST HALF RESULTS, ON TRACK FOR ANOTHER RECORD YEAR Turnover at EBITDA 466 million euros Norse Wind and Norse Energi 2.2 billion euros and margin at 21.6% commenced operations in 1H26; New large TSHD ordered Net profit reached Order book solid at 7.1 billion Guiding fo
Slide 4: Financial Update
FINANCIAL UPDATE S&S DEME
Slide 5: 1H26 Key Financial Highlights (1/2)
1H26 KEY FINANCIAL HIGHLIGHTS (1/2) INCOME STATEMENT (in millions of euros) 1H26 1H25 1H24 Order book 7,135 7,521 7,622 y-o-y growth -5% -1% -0% ▪ Order book provides healthy visibility Turnover 2,158 2,117 1,916 y-o-y growth +2% +10% +30% ▪ Turnover +2% compared to the previous year Driven by incre
Slide 6: 1H26 Key Financial Highlights (2/2)
1H26 KEY FINANCIAL HIGHLIGHTS (2/2) KEY BALANCE SHEET ITEMS (in millions of euros) 1H26 FY25 1H25 ▪ CapEx amounted to 227 million euros and included the final construction payment for Norse Energi and capitalized Operating working capital1 -834 -742 -817 maintenance and repairs. Investments in 1H25
Slide 7: 1H26 Group Order Book
1H26 GROUP ORDER BOOK ORDER BOOK CONTINUES TO PROVIDE HEALTHY VISIBILITY 1 Order book (in millions of euros) Geographical Order book run-off 7,654 7,622 7,521 breakdown (in millions of euros) 7,135 8% 5% 1,309 5,620 7% 1,467 8% 3% 10% 1H26 2,265 3% 1H25 2,094 80% 76% 1H22 1H23 1H24 1H25 1H26 Europe
Slide 8: 1H26 Group Turnover
1H26 GROUP TURNOVER GROUP TURNOVER +2% YEAR-OVER-YEAR Turnover Segment breakdown 1 Geographical 3% 2,158 breakdown 12% 2,117 6% (in millions of euros) 1,916 1,475 16% 1,292 15% 2% 1H26 1H26 42% 52% 22% 1H25 60% 53% 9% 8% 1H22 1H23 1H24 1H25 1H26 Offshore Energy Dredging & Infra Europe Africa The Ame
Slide 9: Segment Offshore Energy
SEGMENT OFFSHORE ENERGY PERFORMANCE DASHBOARD 1H26 Order book Turnover EBITDA & EBITDA Fleet utilization rate (in millions of euros) (in millions of euros) (in millions of euros) margin (in weeks) 4,125 1,207 3,892 4,003 1,141 358 24 23 3,689 322 898 18 17 18 31% 2,608 164 27% 658 100 79 472 21% 18%
Slide 10: Segment Dredging & Infra
SEGMENT DREDGING & INFRA PERFORMANCE DASHBOARD 1H26 Order book Turnover EBITDA & EBITDA Fleet utilization rate (in millions of euros) (in millions of euros) margin (in weeks) 22 22 21 3,436 (in millions of euros) 20 3,290 992 967 212 19 19 3,074 3,109 948 189 17 16 2,703 747 716 117 95 102 9 19% 22%
Slide 11: Segment Environmental
SEGMENT ENVIRONMENTAL PERFORMANCE DASHBOARD 1H26 Order book Turnover EBITDA & EBITDA margin (in millions of euros) (in millions of euros) (in millions of euros) 32 337 175 326 329 322 309 143 142 23 131 22 91 23% 15 12 15% 13% 11% 13% 1H22 1H23 1H24 1H25 1H26 1H22 1H23 1H24 1H25 1H26 1H22 1H23 1H24
Slide 12: Segment Concessions
SEGMENT CONCESSIONS PERFORMANCE DASHBOARD 1H26 Net result from associates (in millions of euros) 18 ▪ Net result from associates of 10 ▪ DEME signed the 25-year concession project for the Port million euros compared to 5 of Paranaguá (Brazil) million euros a year ago ▪ Concluded the sale of DEME’s s
Slide 13: Business Update
03 BUSINESS UPDATE SDEME
Slide 14: Offshore Energy
Our segments OFFSHORE ENERGY OFFSHORE ENERGY 14
Slide 15: Offshore Energy Key Projects in 2026
OFFSHORE ENERGY B DOGGER BANK C (1.2 GW) Inter-array cables and protection C IJMUIDEN VER ALPHA & NEDERWIEK 1 (4 GW) Cable installation, landfall, rock placement, KEY PROJECTS IN 2026 dredging, and marine infrastructure works BALTIC POWER (960 MW) DIEPPE – LE TRÉPORT (500 MW) D E Landfall drills, in
Slide 16: Nordlicht I Foundation and TP installation
Nordlicht I Foundation and TP installation Germany OFFSHORE ENERGY 16
Slide 17: Nordseecluster A Turbine installation
Nordseecluster A Turbine installation Germany OFFSHORE ENERGY 17
Slide 18: Dieppe-Le Tréport jacket foundations in place
Dieppe-Le Tréport 62 jacket foundations are now in place France OFFSHORE ENERGY 18
Slide 19: Fengmiao 1 pin piles and offshore substation
Fengmiao 1 Installation of 99 pin piles and offshore substation Taiwan OFFSHORE ENERGY 19
Slide 20: Dredging & Infra
Our segments DREDGING & INFRA 20
Slide 21: Dredging & Infra Key Projects in 2026
DREDGING & INFRA D LONDON GATEWAY Maintenance dredging of the F OOSTERWEEL Immersion of tunnel H FEHMARNBELT TUNNEL Design and construction of access channel to London elements for the Scheldt tunnel and portal structures KEY PROJECTS IN 2026 Gateway Port Tunnel I SPAIN PRINCESS ELISABETH Restoratio
Slide 22: Princess Elisabeth Island caissons in place
Princess Elisabeth Island 23 caissons are now in place Belgium DREDGING & INFRA 22
Slide 23: Fehmarnbelt tunnel elements immersed
Fehmarnbelt 3 tunnel elements immersed Denmark- Germany DREDGING & INFRA 23
Slide 24: Bagnoli-Coroglio marine works for America's Cup
Bagnoli-Coroglio Marine works for the 38th America’s Cup Italy DREDGING & INFRA and ENVIRONMENTAL 24
Slide 25: A new 22,000 m³ trailing suction hopper dredger
A new 22,000 m³ trailing suction hopper dredger DREDGING & INFRA 25
Slide 26: Environmental
Our segments ENVIRONMENTAL 26
Slide 27: Environmental Key Projects in 2026
ENVIRONMENTAL KEY PROJECTS IN 2026 A OOSTERWEEL BASF FELUY Cleaning PFAS polluted soils Remediation of former industrial brownfield site SERAING Large reconversion project of a former ArcelorMittal site, near Liège B MEUSE RIVER Dredging operations and ecosystem restoration A B AMSTERDAM AIRPORT POR
Slide 28: Feluy Remediation former brownfield
Feluy Remediation former brownfield Belgium ENVIRONMENTAL 28
Slide 29: Marken Dike reinforcement project
Marken Dike reinforcement project The Netherlands ENVIRONMENTAL 29
Slide 30: Concessions
Our segments CONCESSIONS 30
Slide 31: Concessions Key Projects in 2026
CONCESSIONS B BOWDUN Development of Bowdun Offshore Wind Farm (1 GW) KEY PROJECTS IN 2026 C FRANCE B Port-La Nouvelle D C D BELGIUM Operating SeaMade, Rentel and C-Power wind farms E A E OMAN Port of Duqm and HYPORT Duqm A BRAZIL Port of Paranaguá: operation, maintenance, and expansion of the marine
Slide 32: Port-La Nouvelle new liquid bulk terminal
Port-La Nouvelle A first vessel berthing the new liquid bulk terminal France CONCESSIONS 32
Slide 33: Outlook
O04 OUTLOOK SDEME
Slide 34: Outlook
OUTLOOK ▪ For 2026, DEME’s management now expects ▪ Turnover to slightly exceed the 2025 level and EBITDA margin to stay in line with 2025. ▪ CapEx remains estimated around 450 million euros, including upgrade, repair and maintenance investments in the fleet, the payment for the completion of Norse
Slide 35: Celebrating 150 Years
CELEBRATING 150 YEARS https://150yearsofdeme.com/ 35
Slide 36: Q&A
O05 Q&A S DEME
Slide 37: Financial Calendar
FINANCIAL CALENDAR Trading update Q3 2026 November 17, 2026 Full-year results 2026 February 22, 2027 Trading update Q1 2027 May 13, 2027 Annual General Meeting May 19, 2027 Half-year results 2027 August 25, 2027 Trading update Q3 2027 November 17, 2027 37
Slide 38: For More Information
FOR MORE INFORMATION For more information, please contact Vanden.bussche.carl@deme-group.com
Slide 39: 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