Slide 1: First-quarter 2025 Presentation
AN INNOVATIVE TECHNOLOGY COMPANY SOLVING A PRESSING ISSUE, First-quarter 2025 Presentation FOR A GREENER FUTURE 8 May 2025 1
Slide 2: Disclaimer
DISCLAIMER This presentation (the “Presentation”, which term shall be interpreted to include references to this document, the presenters' speeches, the question-and-answer session and any other related verbal or written communication) has been prepared by Soiltech ASA (the “Company” or “Soiltech“),
Slide 3: Agenda
AGENDA 1 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Outlook Business plan 2025-2026 3
Slide 4: A record first quarter
A RECORD FIRST QUARTER HIGHEST REVENUE IN A QUARTER, SOLID EBITDA AND PROFIT BEFORE TAX MNOK Quarterly revenue 2023 - 2025 90 86 Q1 revenues of 86 million 81 Q1 adjusted EBITDA of NOK 18 million 80 70 68 Q1 profit before tax of NOK 6.7 million 70 64 66 58 56 60 STRONG OPERATING PERFORMANCE 50
Slide 5: Agenda: Operational review
AGENDA 1 Highlights 2 Operational Company overallreview strategy 3 Financial review 4 Outlook Business plan 2025-2026 5
Slide 6: Operational highlights
OPERATIONAL HIGHLIGHTS TRANSOCEAN BARENTS CAMPAIGN FOR OMV PETROM IN BLACK SEA STARTED Soiltech delivery includes offshore fluid processing, cuttings containment and transfer; transfer of cuttings to shore on PSV Successful delivery of Soiltech’s full scope DEEPSEA BOLLSTA CONTRACT WITH NORTHERN
Slide 7: Contract status Norway
CONTRACT STATUS NORWAY Note: Contract start, and duration is Soiltech’s best estimate. Contracts normally follow the rig’s contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity. Source: Company 7
Slide 8: Contract status international
CONTRACT STATUS INTERNATIONAL Note: Contract start, and duration is Soiltech’s best estimate. Contracts normally follow the rig’s contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity. Source: Com
Slide 9: Agenda: Financial review
AGENDA 1 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Outlook Business plan 2025-2026 9
Slide 10: First-quarter results
FIRST-QUARTER RESULTS KEY FIGURES Quarterly Adjusted EBITDA MNOK Quarterly revenue 2023 - 2025 MNOK Revenues of 85.6million, +53% year on year (YoY) 90 81 86 30 Adjusted EBITDA of NOK 18.1 million, +84% YoY 80 70 26 68 25 Adjusted EBITDA margin of 21%, up from 18% YoY 70 64 66 58 Profit befo
Slide 11: Strong financial results, robust balance sheet and liquidity
STRONG FINANCIAL RESULTS, ROBUST BALANCE SHEET AND LIQUIDITY KEY FIGURES Q1 2025 (UNAUDITED) BALANCE SHEET 31.03.2025 31.03.2024 31.12.2024 (NOK 1,000) INCOME STATEMENT Total assets 440 196 373 546 433 901 Q1 2025 Q1 2024 FY 2024 Total equity 210 287 173 262 204 171 (NOK 1,000) Equity ratio % 48 % 4
Slide 12: Agenda: Outlook
AGENDA 1 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Outlook Business plan 2025-2026 12
Slide 13: Outlook
OUTLOOK • Soiltech is in a favorable position for further growth in 2025 and beyond as we continue to gain market share • We remain optimistic about the market outlook for Soiltech’s delivery, despite the recent volatility in oil price • The clients’ increased focus on more cost-effective solutions,
Slide 14: Contact
Contact: Tove Vestlie CFO / Investor Relations Soiltech ASA Email tove.vestlie@soiltech.no Koppholen 25, Mobile +47 90690648 4313 Sandnes, Norway 14 www.soiltech.no