Exmar Nv · EURONEXT:EXM
Exmar Nv — Shareholder Meeting (May 2026)
21 slides from Exmar Nv's shareholder meeting presentation, May 19, 2026
Slide 1: General Assembly May 19, 2026
9-Jun-26 General Assembly May 19, 2026 © EXMAR - All rights reserved General Presentation Assembly title I 1
Slide 2: Agenda
9-Jun-26 Agenda 1. General 2. Shipping 3. Infrastructure 4. Supporting Services 5. Conclusion © EXMAR - All rights reserved General Assembly I 2
Slide 3: 1. General
9-Jun-26 1. General © EXMAR - All rights reserved General Assembly I 3
Slide 4: Company highlights
9-Jun-26 General Company highlights ▪ Founded in 1829 in Antwerp ▪ From shipbuilder to shipowner & infrastructure provider ▪ Listed on Euronext (EXM) ▪ 94.94% ownership retained by founding family (on 31/12/2025) ▪ 1,410 employees globally – of which 78% seafarers ▪ 18 offices and branches across th
Slide 5: 2025 financial highlights
9-Jun-26 General 2025 financial highlights -4% -2% 19% 28% 43% $357m 46% $178m $74m Revenue EBITDA 59% Net Result 38% 74% ▪ Infrastructure strong contributor to financial performance (engineering business and production bonus EEMSHAVEN & ENI) ▪ Sale of assets resulting in positive contribution, main
Slide 6: Consolidated key figures
9-Jun-26 General Consolidated key figures Revenue Adjusted EBITDA Net Income 178,2 M$ 320,3M 176,2M 589,6M 545,3M 154,4M 181,0M 384,2M 357,0M 82,4M 80,4M 77,7M 257,0M 252,9M 56,2M 92,0M 225,0M 72,0M 74,0M 11,6M -13,2M 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 2019 2020 20
Slide 7: Market sentiment – Navigating the New Normal
9-Jun-26 General Market sentiment – Navigating the New Normal ▪ Geopolitical and Trade Pivot ▪ Tariffs between major blocks (US, China, EU) have become structural rather than temporary which disrupts trade and impacts transportation routes ▪ Regulatory divergence (global vs regional vs local) adds t
Slide 8: 2. Shipping
9-Jun-26 2. Shipping © EXMAR - All rights reserved General Assembly I 8
Slide 9: Shipping general overview
9-Jun-26 Shipping #45 Vessels Status on 31/12/2025, including vessels under construction General overview 31 3 7 4 Responsible for the chartering agreements, sales and purchases for transportation of liquefied gas products (liquid petroleum gas, butane, propane, anhydrous ammonia and chemical gases)
Slide 10: Market outlook – Seaborne LPG export
9-Jun-26 Shipping Market outlook – Seaborne LPG export ▪ Global LPG seaborne exports reached 140 million tons (Mt) in 2025 with the US accounting for 47% ▪ Middle East supplied 30% of global LPG seaborne exports; of which 49% from Qatar and the UAE and 30% from Iran (to China) ▪ Pre-conflict seaborn
Slide 11: Market outlook – Middle East conflict
9-Jun-26 Shipping Market outlook – Middle East conflict ▪ Disruptions in the Middle East are forcing operators to reroute vessels and adjust Middle East MGC/VLGC count LPG and NH₃ trading programs Update 17/03/2026 ▪ West of Suez markets remain firm with US exports up 17% year-to-date, but the 30 cl
Slide 12: Market outlook – Orderbook
9-Jun-26 Shipping Market outlook – Orderbook VLGC/VLAC Fleet 2016-2028 MGC Fleet 2016-2028 (55-95k m3) (26-55k m3) 60 560 600 35 250 523 212 475 # total vessels - accumulated fleet 30 196 Total vessels - accumulated fleet 50 500 424 436 200 403 166 25 363 # Vessels per year # vessels per year 40 345
Slide 13: 3. Infrastructure
9-Jun-26 3. Infrastructure © EXMAR - All rights reserved General Assembly I 13
Slide 14: Infrastructure general overview
9-Jun-26 Infrastructure Infrastructure B-O-O activities & engineering General overview Provides innovative floating infrastructure solutions to the oil & gas OPTI-EX® FPS LNG/ LPG FSUs Accommodation barges industry covering the entire lifecycle of the project, starting from development studies, engi
Slide 15: Market update – Volatile commodity markets
9-Jun-26 Infrastructure Overview Energy Prices (Gas/LNG/Coal left axis, Oil right axis) Market update – Volatile commodity markets 80 Brent (USD/MMBtu) TTF 140 70 HH JKM 120 Brent (USD/bbl) 60 ▪ Qatar Energy shut down its LNG liquefaction facility, resulting in unprecedented 100 reduction (20%) of w
Slide 16: 4. Supporting Services
9-Jun-26 4. Supporting Services © EXMAR - All rights reserved General Assembly I 16
Slide 17: Supporting Services general overview
9-Jun-26 Supporting Services EXMAR Ship Management General overview ▪ Delivering management and operations services for vessels and offshore installations, including crew management In addition to its core business activities, EXMAR has business interests in a variety of companies in the fields of s
Slide 18: EXMAR Ship Management
9-Jun-26 Supporting Services EXMAR Ship Management – independent service provider dedicated to safe & reliable operations ▪ High-quality asset management and related services to owners of floating Operating Experience energy-industry facilities and shipowners active in seagoing transport of LNG, LPG
Slide 19: 5. Conclusion
9-Jun-26 5. Conclusion © EXMAR - All rights reserved General Assembly I 19
Slide 20: Conclusion – Key messages
9-Jun-26 Conclusion Key messages Challenging years to Solid liquidity position Safe and reliable 2025 was a year with come due to Significant order book will be allocated to operations key to strong operational geopolitical tensions amid a volatile market existing capital drive future growth results
Slide 21: Thank you for your attention
9-Jun-26 Thank you for your attention We value your energy © EXMAR - All rights reserved General Assembly I 21 WWW.EXMAR.COM