Reach Subsea Asa · OSL:REACH
Reach Subsea Asa — Q2 2025 Earnings Presentation
16 slides from Reach Subsea Asa's earnings presentation, Aug 26, 2025
Slide 1: Quarterly Consolidated Presentation
2Q Q3 2025 2024 Everything within Reach Quarterly Consolidated Presentation Sustainable access to ocean space Jostein Alendal, CEO | Birgitte Wendelbo Johansen, CFO | 26 August 2025 Find out more at reachsubsea.com
Slide 2: Disclaimer
2nd Quarter 2025 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 a
Slide 3: Reach Subsea Maintains Steady Development
2nd2nd Quarter 2025 Quarter 2025 9 Reach Subsea Maintains Steady Development Weaker 2Q than last year driven by lower than expected utilisation of assets. NOK 684 million Revenue 2Q 2025 All time high turnover and EBIT for the first half of 2025. NOK 91 million Reach Remote – now a proven solution i
Slide 4: Chartered vessels
2nd Quarter 2nd 2025 Quarter 2025 9 Vessel capacity combining visibility and flexibility VESSEL TYPE OWNERSHIP STATUS 2025 2026 2027 2028 2029 Order backlog Viking Reach Survey, IMR, Light 49.9% Operational -28% Owned vessels Construction Reach Remote 1 Unmanned and robotics 100% Operational Reach R
Slide 5: Our business
2nd Quarter 2025 Our business 1 Our service capabilities Delivering tailored solutions and specialised services for the global offshore industry. 2 Serving a range of industries Our expertise supports multiple industries, ensuring efficient and reliable operations. 3 Supporting projects, start to fi
Slide 6: Technical developments deployed in operation - U864 – High definition wreck survey
2nd Quarter 2025 Technical developments deployed in operation - U864 – High definition wreck survey A new survey of the site, providing the Norwegian Coastal Administration with updated data at a resolution not seen before at this site. 160,000 images were processed using our in-house developed work
Slide 7: Reach Remote – a milestone for uncrewed maritime operations
2nd Quarter 2025 Reach Remote – a milestone for uncrewed maritime operations Norway’s pioneering fleet of uncrewed 24-meter surface vessels Reach Remote highlights Reach Remote 1 commercial Reach Remote 2 delivered Successful pilot with Reach Remote 1, proved her capabilities. MAJOR CLIENTS LARGE CO
Slide 8: Financials
2nd Quarter 2025 Financials Reach Subsea | Quarterly Consolidated Report
Slide 9: 2Q 2025 Highlights
2nd Quarter 2025 2Q 2025 Highlights • Weaker 2Q than last year caused by reduced asset utilization • 2Q revenue at NOK 684 million • All time high Year to date revenue and EBIT • Bond loan NOK 500 million (closed after quarter end) Revenue NOK 684 million (NOK 623 million) EBIT NOK 91 million (NOK 1
Slide 10: Revenue and EBIT growing to record levels
2nd Quarter 2025 Revenue and EBIT growing to record levels Rolling 12-month Revenue (MNOK) Rolling 12-month EBIT and Pre-tax profit (MNOK) 3250 450 3000 400 2750 350 2500 2250 300 2000 250 1750 200 1500 150 1250 1000 100 750 50 500 0 250 0 -50 2018 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2
Slide 11: 2Q 2025 Key developments
2nd Quarter 2025 2Q 2025 Key developments Revenue mix by sector Revenue mix by segment Revenue mix by geography +10% +10% +10% 800 623 684 800 623 684 623 684 • 10 percent revenue increase for the quarter driven by 800 700 700 700 • Increased number of 600 600 159 600 project days 500 500 225 500 25
Slide 12: Positioned for growth
2nd Quarter 2025 Positioned for growth Solid financial position (MNOK) 1 292 1 229 1 092 • Strong liquidity and equity 1 028 positions (equity share 39,4 %) 928 938 931 • Well-positioned for further investments in Reach Remote and technology updates 579 554 447 • Bond loan MNOK 500 closed 414 after
Slide 13: Sustainability highlights of the quarter
2nd Quarter 2025 Sustainability highlights of the quarter Environment Social Governance Operational maturity of remote services Safety at the core Process for ISO27001 certification So far this year, 2 lost-time injuries and 1 work- A cybersecurity gap analysis has been Year-to-date, 4 remote servic
Slide 14: Summary
2nd Quarter 2025 Summary Reach Subsea | Quarterly Consolidated Report
Slide 15: Positioned for continued growth
2nd Quarter 2025 Positioned for continued growth ATTRACTIVE MARKET OUTLOOK POSITIONED FOR GROWTH STRONG MARGINS Well-positioned in a dynamic market, Expanded service offerings, long-term Strong execution, proven track record in navigating uncertainty with adaptability. vessel capacity, and a global
Slide 16: 2nd Quarter 2025 Q&A
2nd Quarter 2025 Q&A Reach Subsea | Quarterly Consolidated Report