16 slides from Integrated Wind Solutions Asa's earnings presentation, May 23, 2025
Slide 1: Q1 2025 Presentation
Q1 2025 Presentation 23 May 2025
Slide 2: IWS | A fully integrated offshore wind solutions provider
IWS | A fully integrated offshore wind solutions provider 2 1) 49% ownership
Slide 3: IWS | A fully integrated offshore wind solutions provider
IWS | A fully integrated offshore wind solutions provider Integrated Services Consultancy & Asset Management ~75% 100% 49% 3
Slide 4: Q1 2025 | Recent highlights
Q1 2025 | Recent highlights Arecord total revenue of EUR 25.2m for Q1 2025, an 18% increase from Q4 2024 and a 367% increase compared with Q1 2024. Group EBITDA of EUR 5.3m for Q1 2025 compared with EUR 6.9m (EUR 3.9m excluding a EUR 3.0m termination fee) in Q4 2024 and EUR -3.2m in Q1 2024. The yea
Slide 5: Q1 2025 | Recent highlights (cont.)
Q1 2025 | Recent highlights (cont.) 5
Slide 6: IWS Fleet | Strong revenue backlog to tier 1 clients
IWS Fleet | Strong revenue backlog1 to tier 1 clients 6 1) As of 31 March, including contracts signed in Q2 2025. Victualling & other income of EUR 5,000 per day and zero inflation adjustments.
Slide 7: IWS Skywalker | Dogger Bank Wind Farm
IWS Skywalker | Dogger Bank Wind Farm
Slide 8: IWS Skywalker class | Vessel overview
IWS Skywalker class | Vessel overview 1 2 3 IWS Skywalker IWS Windwalker IWS Seawalker Operating at Dogger Bank Operating for Siemens Gamesa Operating for Siemens Gamesa 4 5 6 IWS Starwalker IWS Moonwalker IWS Sunwalker Operating at Dogger Bank Completed sea trial Started commissioning 8
Slide 9: IWS Skywalker class | Overview
IWS Skywalker class | Overview 9
Slide 10: Key financials | Q1 2025
Key financials | Q1 2025 Income statement (EUR ‘00! 42024 ©Q12025 =a. 2024 2024 Operating revenue 21,288 25,215 5,226 55,722 Share of net profit of associates 136 15 175 661 Total revenue and other income 21,424 25,200 5,401 56,383 Operating expenses 14,501 -19,933 8575 -47,117 EBITDA 6,923 5,267 “3
Slide 11: Key financials | Q1 2025
Key financials | Q1 2025 11 1) As of period end
Slide 12: Key financials | Segment reporting
Key financials | Segment reporting 12
Slide 13: Key financials | Segment reporting
Key financials | Segment reporting 13 1) As of period end
Slide 14: IWS Fleet | Capex & financing
IWS Fleet | Capex & financing 14 For IWS Windwalker, IWS Seawalker, and IWS Starwalker, EUR 0.7m has been withheld, with expected payment in 2025.
Slide 15: Outlook
Outlook The offshore wind market faces somewhat higher market uncertainties in the short term, whilst the long-term outlook remains strong, with a pipeline of development projects, auctions, and political ambitions. The IWS group of companies is wel-positioned to participate in this growth. IWS Flee
Slide 16: Investor relations contact
Investor relations contact: Marius Magelie, Group CFO +47 920 27 419 OSE ticker: IWS ir@integratedwind.com integratedwind.com