Paratus Energy Services Ltd. · OSL:PLSV
Paratus Energy Services — Paratus Energy Svcs — Q2 2026 Earnings Presentation
8 slides from Paratus Energy Services's earnings presentation, Aug 28, 2026
Slide 1: Q2 2026 Interim Results Presentation
Q2 2026 Interim Results Presentation
Slide 2: Highlights
Highlights Company highlights and post quarter-end developments Key figures (USDm) Revenue(1) Successfully completed the strategic sale of Fontis 75 71 63 Successfully placed $250 million 5-year bonds and redeemed 2026 Notes Enhanced economics for five PLSVs through EDD approval up to 20 years
Slide 3: Seagems Joint Venture (100%)
Seagems Joint Venture (100%) Operational highlights(1) Resilient financials and strong margins(1) USDm Revenue EBITDA EBITDA margin % Distribution $142m $87m 125 68% 150 67% 142 64% Revenue 96 EBITDA (64%)(2) 81 83 87 60 31 Q2 2025 Q1 2026 Q2 2026 $60m ~$1.1bn Fleet overview (contractual dayrates in
Slide 4: Financial summary
Financial summary Combined financials continuing operations(1) Key highlights(1) Revenue growth driven by higher dayrates under the new Petrobras First Half-Year Change contracts and fewer off-hire days, as the prior-year period included acceptance testing for the new contracts (USDm) 2026 2025 US
Slide 5: Cash flow
Cash flow Financial summary Key drivers Paratus cash of $122 million (Q1: $113 million) Quarterly Cash flows (USDm) Operating cash outflows of $3 million (Q1: $4 million) 183 305 Cash distributions of $30 million received from Seagems (Q1: $41 million) Net interest payments of $26 million (Q
Slide 6: Capital structure
Capital structure Comments Illustrative capitalization Q2 2026 Pro forma USDm Issued $250 million of 8.125% bonds due 2031 in 829 May, primarily refinancing the 2026 Notes 168 661 20 163 On a pro forma basis, the Fontis sale consideration reduces net debt from $661 million to $282 million 237 28
Slide 7: Pure play PLSV business, attractive dividend yield, substantial backlog visibility
Pure play PLSV business Attractive dividend yield Substantial backlog visibility Efficient and flexible capital structure 6
Slide 8: Disclaimer
Disclaimer This document and any information provided in this presentation (the "Presentation") has been prepared by Paratus Energy Services Ltd (the "Company") solely for the purposes of providing existing investors and other stakeholders with an update about certain limited aspects of the Company.