Prosafe Se · OSL:PRS
Prosafe — Pareto Securities Energy Conference 2026
16 slides from Prosafe's conference presentation, September 2026
Slide 1: Accommodating the Offshore Industry
Pareto Securities Energy Conference 2026 (Feb 5th, 2026 @ 10:12): New image Accommodating (Apr 5th, 2024 @ 13:47): PN: New image the Offshore Industry September 2026
Slide 2: Disclaimer
Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties, and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate.
Slide 3: Set to harvest tightening offshore accommodation market
Set to harvest tightening offshore accommodation market High-end fleet with Leading Brazil Strong market Cost and Exploring all modern units position with fundamentals and operational strategic contracted into backlog extending rising dayrates efficiency opportunities/M&A 2027 into 2030 3
Slide 4: Prosafe – enabling safe and efficient offshore energy supply
Prosafe – enabling safe and efficient offshore energy supply Leading global operator Owner of 5 accommodation vessels ▪ ~20% market share and leading position in Brazil Safe Caledonia Safe Nova Safe Vega ▪ Extensive operational track-record from the world’s most demanding offshore environments NCS/U
Slide 5: Safe Notos on new contract with material EBITDA mark-up
Safe Notos on new contract with material EBITDA mark-up ▪ Start-up 1 September following successful execution of SPS and upgrades ▪ Supporting safety and maintenance operations offshore Brazil for Petrobras ▪ Dayrate increased to ~USD 140k from legacy rate of 75k ▪ Annual EBITDA contribution up ~5x
Slide 6: Fleet overview
Fleet overview e e 2 2 2 27 2 2 2 2 2 2 2 2 2 afe e r afe r afe oto afe orea afe Ca edon a afe o a afe e a - Firm/option 6
Slide 7: Late-cycle E&P service provider with reduced exposure to short-term energy price fluctuations
Late-cycle E&P service provider with reduced exposure to short-term energy price fluctuations Exploration Appraisal Development: Development: Production: Decommissioning Pre-engineering & Hook-up/ Operation & construction commissioning maintenance Accommodation is late in the offshore E&P cycle ~20%
Slide 8: Brazil largest market followed by North Sea
Brazil largest market followed by North Sea Global competitive accommodation fleet per August 2026 – Total supply steady at 31 vessels1 Europe 3 1 1 SS JU CSS North America Asia 1 1 2 1 1 1 SS JU Africa 20% 1 1 1 SS Mono CSS CYL Prosafe market SS Mono CYL share in Brazil South America Australia SS:
Slide 9: Limited uncontracted supply of high-end units
Limited uncontracted supply of high-end units Overview of the competitive fleet Unit Owner Age (Y) Type DP POB Status Safe Boreas Prosafe 10 Semi DP3 450 Active Safe Zephyrus Prosafe 10 Semi DP3 490 Active Safe Eurus Prosafe 9 Semi DP3 500 Active Safe Notos Prosafe 9 Semi DP3 500 Active Floatel Endu
Slide 10: Fragmented market with potential for consolidation
Fragmented market with potential for consolidation More providers over time Subscale with 2.2 rigs on average High consolidation activity in other segments Drilling 8 owners 13 owners Prosafe (5+2 rigs) 7 Subsea 46% 69% 29 rigs Floatel (+2 at yard) 4 Seismic 54% 4 31% 4 Offshore services Gran Energi
Slide 11: Tightest market in a decade - Brazil contracting expected
Tightest market in a decade - Brazil contracting expected Annual utilisation and supply Brazil fleet contract overview Firm contracts only1 80% 35 High-end Utilisation Recontracting expected to ctivity Low-end Utilisation boost utilisation from 2027 70% afe urus etrobras kd 30 loatel ictory uinor ra
Slide 12: Strong FPSO market driving long-term demand
Strong FPSO market driving long-term demand FPSO contract awards (# units) 43 expected awards 2026-2030 xpected 8 frica ▪ Visibility into the 2030s warded average ra il ▪ Drives additional demand per year ‒ Hook-up and commissioning at start- up ‒ Maintenance and operations support 9 over field life
Slide 13: Positioned to benefit from higher dayrates across all markets
Positioned to benefit from higher dayrates across all markets Brazil contract rates North Sea contract rates Rest of World contract rates USD/day USD/day USD/day (excl. North Sea/Brazil) Notos increase 200,000 75k to 140k/day 400,000 400,000 350,000 350,000 150,000 300,000 300,000 Safe Notos 250,000
Slide 14: Mark-to-market EBITDA uplift potential of 75% and NIBD/EBITDA reduction down towards 2.5x
Mark-to-market EBITDA uplift potential of 75% and NIBD/EBITDA reduction down towards 2.5x Illustrative annual EBITDA potential Q2 2026 NIBD of USD 247m vs. EBITDA potential USD 57m ~USD 90 - 100m LTM EBITDA EBITDA LTM Q2 Potential from USD million 4.3x 2026 20281 EBITDA/vessel High-end units 25 - 26
Slide 15: Delivering material EBITDA growth
Delivering material EBITDA growth EBITDA development and potential1 (USD million) ▪ Favourable market fundmentals reflected in improved financial performance ▪ 2026 EBITDA guidance of USD 50-55 million, up >25% YoY ▪ Positioned to capture structurally strong Guidance range market with vessels coming
Slide 16: We are headquartered in Norway and have offices in the UK, Brazil and Singapore
We are headquartered in Norway and have offices in the UK, Brazil and Singapore Head office: Forusparken 2 N-4031 Stavanger Norway prosafe.com