Next Geosolutions Europe Spa · MIL:NXT
Next Geosolutions Europe Spa — Investor Presentation (May 2025)
26 slides from Next Geosolutions Europe Spa's investor presentation, May 2025
Slide 1: Corporate Presentation May 2025
Corporate Presentation May 2025
Slide 2: NextGeo at Glance
NextGeo at Glance Key 2024 Results NextGeo Group €203.3 m 36.8% A LEADING EUROPEAN PLAYER Total Revenues Total Revenues Next Geosolutions Offshore survey YoY Growth activities mainly in the Europe SpA Mediterranean Sea. IN MARINE GEOSCIENCE SURVEY AND OFFSHORE 31.2% 60.4% 3.6% 4.8% 100% Wind Farm In
Slide 3: Where NextGeo is involved…
Where NextGeo is involved… Infrastructure Stage EPC, installation and Operations & Concept & Planning Decommissioning commissioning maintenance 4-10 2-3 20-25 1-2 Years Years Years Years Client Capex Client Opex Concept Phase Design & Engineering Installation & Construction Asset in Service Decommis
Slide 4: … and what it does
… and what it does Final report / Lab test Data processing, analysis and interpretation of survey data to create marine cartography for project design & engineering Demobilization End of marine activities and Desktop studies removal of marine spread release Existing data review and information asses
Slide 5: NextGeo Group's key pillars
NextGeo Group’s key pillars VESSEL FLEET EQUIPMENT MULTINATIONAL TEAM NextGeo has access to an extensive fleet of both owned and NextGeo owns and operates a large pool of in-house technical NextGeo's multi-national team of highly experienced rented offshore vessels. This allows the company to gain r
Slide 6: Our fleet
Our fleet Marnavi Fleet NextGeo Fleet IEVOLI COBALT Year Built: 2016 - Lenght: 84 m - Breadth: 17 m NG WORKER NG DRILLER IEVOLI RELUME Year Built: 2009 - Lenght: 89 m - Breadth: 16 m Year Built: 2009 - Lenght: 73 m - Breadth: 16 m Year Built: 2004 - Lenght: 89 m - Breadth: 16 m IEVOLI AMBER Year Bui
Slide 7: NextGeo's Customers Base & Main Projects
NextGeo’s Customers Base & Main Projects Main Clients Main Projects 2015-2024 OWF Subsea Cables Projects Transmission System Operator Offshore Wind Farm Developers Interconnector Projects Oil&Gas Projects Oil & Gas Operator Cables Producer &/o Installer 7
Slide 8: 2024 Results
2024 Results NY NEXTGEO
Slide 9: 2024 Revenues by Geographic Area and Client
2024 Revenues by Geographic Area and Client North Sea Main Projects of 2024 Mediterranean Sea Geographic Area Nederwiek 1&2 Offshore Wind Farm 43% 57% SACOI 3 Bay of Biscay Interconnector Interconnector Courseulles Poseidon Offshore Offshore Wind Farm Wind Farm 50 47.8 M 44.7 M by revenues in Eur ml
Slide 10: Economics
Economics 2023 - 2024 Growth 2023 - 2024 Total Revenues 203.3 • Total revenues growth driven by: 148.6 Total 36.8% • Projects with higher size; Revenues YoY Growth • Increasing number of projects; • Favourable market trends. 2023 2024 26.5% • Impressive marginality thanks to: EBITDA margin 27.3% • E
Slide 11: Financials
Financials 2023 - 2024 Growth 2023 - 2024 68.9 • Fixed assets increases due to the FIXED +26.6M 42.4 significant capex (32.7 millions, 16.1% ASSETS YoY of Total revenues), mainly in vessels and equipment made in 2024. 2023 2024 • Net Working Capital decreases 19.7 primarily driven by the dynamics NE
Slide 12: Operating KPIs during 2024
Operating KPIs during 2024 Vessel days sold in 2024 Days Sold / Total Capacity NextGeo Fleet 639 days 89% Marnavi Fleet 1.379 days 77% Other external 185 days vessels 0 500 1,000 Personnel days sold in 2024 ROV days sold in 2024 Days Sold / Total Capacity NextGeo 7.388 days Owned Personnel 802 days
Slide 13: Sustainability
Sustainability N) NEXTGEO
Slide 14: Sustainability - Reporting
Sustainability - Reporting Joined the “Water Sustainability EcoVadis Gold Three-Year Strategic Carbon Disclosure Defenders Alliance” Report 2023 Medal Gender Equality Plan Project Sustainability Increasing GHG Gender Equality Open-Es Card Report 2024 Reporting Scope Certification 14
Slide 15: Market Outlook & Trends
Market Outlook & Trends N) NEXTGEO
Slide 16: Market Outlook – May 2025 Snapshot
Market Outlook – May 2025 Snapshot Offshore 79.3 GW Capacity currently installed globally Wind Farm Market N. of turbines currently installed 14,261 globally, generating power Length of subsea cables for OWF, 48,814 km globally installed Share of European Market on the 46% global installed capacity
Slide 17: Market Trends: Interconnector and OWF Cables Europe
Market Trends Interconnector Market – Europe (in € bln) OWF Cables Market – Europe (in € bln) The total amount of EPCI expenditure for Interconnectors cables Cumulative installation costs for OWF subsea cables between 2025-2035 estimated to be ˷29€ bln between 2025-2035 estimated to be ˷61€ bln Incr
Slide 18: Market Trends: OWF Drilling and Opex Europe
Market Trends OWF Drilling Market - Europe (in # of turbines) OWF Opex Market – Europe (in € bln) Between 2025-2035 there’re 5.090 offshore turbines to be The OWF Opex until 2035 is estimated to reach approx. ˷ 24€ bln installed (on a total of ˷ 61€ bln until 2040) ( approx. 95% fixed – 90% floating
Slide 19: Market Trends: Oil&Gas Subsea Backlog and Capex
Market Trends Oil&Gas – Subsea EPC Contractors Backlog (in € bln) Oil&Gas – European Capex (in € bln) Total Backlog for top 3 EPC Oil&Gas-Subsea The European Capex for all the Oil&Gas activities, contractors has reached ˷ 48€ bln in 2024 until 2030 is estimated to reach ˷ 205€ bln 50 45 200 45 40 40
Slide 20: Future strategies
Future.ccoillli sania rr strategies (N) NEXTGEO
Slide 21: Fleet & Geographic Expansion Through Organic and Inorganic Growth
Fleet & Geographic Expansion Through Organic and Inorganic Growth Organic Expansion Inorganic Expansion Following the purchase of: Next Geo has identified few european target companies for inorganic expansion MPSC vessel ROV HD Schilling & «NG Surveyor» other equipment MPSV vessel Other relevant «NG
Slide 22: Disclaimer
The presentation contains economic, financial and equity data as of December 31, 2024 compared with the same data for the previous financial year. The figures in absolute value and percentage are calculated on the basis of precise financial data. Some of the differences found in this presentation ar
Slide 23: Appendix
Appendix NY NEXTGEO
Slide 24: Income Statement
Income Statement Value expressed in millions of Euro 2023 2024 Operating revenues 79.9 301.8 Changes in contract work in progress 64.0 (102.4) Other revenues 4.6 3.9 TOTAL REVENUES 148.6 203.3 Raw materials (10.2) (12.5) Cost of services (46.3) (75.6) Leases and rentals (39.8) (46.7) Personnel expen
Slide 25: Balance Sheet
Balance Sheet Value expressed in millions of Euro 2023 2024 Tangible assets 39.3 63.1 Intangible assets 3.1 5.8 Financial assets 0.0 0.0 FIXED ASSETS 42.4 68.9 Inventories 123.9 23.3 Trade receivables 39.6 35.0 Trade payables (29.2) (27.1) Advances (116.6) (19.6) TRADE WORKING CAPITAL 17.7 11.7 TWC
Slide 26: Cash Flow Statement
Cash Flow Statement Value expressed in millions of Euro 2023 2024 A) Cash flow from operating activities Net Income 29.2 43.1 Taxes 4.3 4.6 Financial expenses (income) 1.7 0.5 1) Profit before income taxes, interest, dividends and capital gains / losses on disposal 35.2 48.2 Provision to funds 0.4 0
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