Reach Subsea Asa · OSL:REACH
Reach Subsea Asa — Q2 2026 Earnings Presentation
17 slides from Reach Subsea Asa's earnings presentation, Aug 18, 2026
Slide 1: Quarterly Consolidated Presentation 2Q 2026
2Q 2Q 2026 2026 Everything within Reach Quarterly Consolidated Presentation Sustainable access to ocean space Jostein Alendal, CEO | Arne Joa, CFO | 18 August 2026 Find out more at reachsubsea.com
Slide 2: Disclaimer
2nd Quarter 202 6 Disclaimer IMPORTANT – You must read the following before The Information has been prepared by the future business strategies and the environment in This presentation contains statistics, data, continuing. The following applies to this document, Company, and no other party accepts
Slide 3: 2Q Highlights
2nd Quarter 2nd Quarter 202 6 2026 9 2Q Highlights Strong results, Reach Remote continues to strengthen its position, Sale of Viking Reach. Record - high 2Q results, driven by improved asset NOK 988 million utilisation and strong operational performance. Revenue 2Q 2026 Reach Remote continues to str
Slide 4: Our Business
D i r e c 2nd Quarter 2026 10 t o r s R Our Business e p 1 2 3 o Our service capabilities Serving a range of industries Supporting projects, start to finish r t Delivering tailored solutions and specialised Our expertise supports multiple industries, We assist clients at every stage of their project
Slide 5: Vessel capacity combining visibility and flexibility
2nd Quarter 2nd Quarter 202 6 2026 9 Vessel capacity combining visibility and flexibility Order backlog +61% 1850 1600 1500 1300 1300 1200 1200 1175 1150 1050 1000 815 740 690 590 *Does not include options and expected call - off extensions under frame agreements Outstanding tender volume NOK 9 bill
Slide 6: The Reach Remote Platform is Continuing to Evolve
The Reach Remote Platform is Continuing to Evolve 2nd2nd Quarter Quarter2026 202 6 18 The Reach Remote Platform is Continuing to Evolve ~ 750 UNCREWED OPERATIONS DAYS 24/7 OPERATIONS AROUND THE CLOCK DNV's world - first AROS notation Reach Remote 1 and 2 received DNV's world - first AROS notation, m
Slide 7: Proven operations and measurable value
D i r e Proven operations and measurable value c 2nd2nd Quarter Quarter2026 202 6 21 t o r s Proven operations and measurable value R e p o Proven Operations, Measurable r t Value Safer Operations Reach Remote 1 and Reach Remote 2 have Remote operations reduce offshore built a strong operational tra
Slide 8: Positioning Reach Remote for the next growth phase
2nd2nd Quarter Quarter2026 202 6 24 Positioning Reach Remote for the next growth phase Acoustic obstacle avoidance Positioning Reach Remote for the Next Phase of Growth Highlights from the quarter Reach Remote has matured into a proven and scalable business platform, supported by a growing • Carve -
Slide 9: Financials
2nd Quarter 202 6 Financials Reach Subsea | Quarterly Consolidated Report 2026
Slide 10: 2Q 2026 Financial Highlights
2nd Quarter 202 6 2Q 2026 Financial Highlights • The improvement in 2Q 2026 performance reflects higher project activity and increased utilisation across the fleet, including a positive contribution from Normand Jarstein, chartered from Solstad Maritime and added to the fleet from mid - May, partly
Slide 11: EBIT Bridge – Key Drivers Q1 2026 to Q2 2026
2nd Quarter 202 6 EBIT Bridge – Key Drivers Q1 2026 to Q2 2026 (MNOK) Reach Subsea | Quarterly Consolidated Report
Slide 12: EBIT Bridge – Key Drivers Q2 2025 to Q2 2026
2nd Quarter 202 6 EBIT Bridge – Key Drivers Q2 2025 to Q2 2026 (MNOK) Reach Subsea | Quarterly Consolidated Report
Slide 13: 2Q 2026 Revenue mix by segments
2nd Quarter 202 6 2Q 2026 Revenue mix by segments • The Group's revenue base is Revenue mix by sector Revenue mix by segment Revenue mix by geography becoming increasingly 1200 1200 balanced, with Renewables and 1200 others now approaching parity with Oil and gas at 46 % of 1000 1000 1000 total reve
Slide 14: A Solid Financial Platform
2nd Quarter 202 6 A Solid Financial Platform Strong Balance Sheet and Financial Flexibility (MNOK) 1 292 1 272 1 229 1 218 1 172 1 092 1 028 1 032 928 938 931 851 864 Strong financial position 811 801 791 624 670 with ample liquidity and 579 554 balance sheet flexibility 447 457 414 374 350 331 315
Slide 15: Summary
2nd Quarter 202 6 Summary Reach Subsea | Quarterly Consolidated Report
Slide 16: Strong Operational Performance, Positive Long-Term Outlook
2nd Quarter 202 6 Strong Operational Performance, Positive Long - Term Outlook 2Q Strong Results Building the fleet for the future Operational delivery and resilient performance High operational Fleet renewal initiatives, strengthened backlog and upcoming vessel activity and strong project execution
Slide 17: Q&A
2nd Quarter 202 6 Q&A Reach Subsea | Quarterly Consolidated Report