Deme Group Nv · EURONEXT:DEME
Deme Group Nv — Q3 2025 Earnings Presentation
56 slides from Deme Group Nv's earnings presentation, September 2025
Slide 1: The World Is Our Project - IR Deck September 2025
THE WORLD IS OUR PROJECT IR DECK – SEPTEMBER 2025 Carl Vanden Bussche, IR
Slide 2: Agenda
AGENDA 1 3 Introduction to DEME & its activities Financial & non financials 2 4 Segments update Q&A 2
Slide 3: DEME: A Global Marine Solution Provider
DEME A GLOBAL MARINE SOLUTION PROVIDER 150 years leadership in marine contracting works Solid financial performance Maintaining a robust balance sheet 5,800+ Highly skilled professionals Growth trajectory driven by secular underlying trends 100+ Specialized vessels Market leading in healthy segments
Slide 4: Creating Solutions for Global Challenges
CREATING SOLUTIONS FOR GLOBAL CHALLENGES THE WORLD IS OUR PROJECT Growing population & Increasing maritime trade Global Climate Change Environmental Challenges increasing urbanization 4
Slide 5: Leading in 4 Different Segments
LEADING IN 4 DIFFERENT SEGMENTS OFFSHORE ENERGY DREDGING & INFRA ENVIRONMENTAL CONCESSIONS Unrivalled track record in 145+ years of experience in dredging, land Innovative solutions for soil remediation, Innovative solutions for soil remediation, construction offshore wind farms reclamation and mari
Slide 6: Segments Update
2 SEGMENTS UPDATE SDEME
Slide 7: Offshore Energy
—_ — — , _ . — % — 4 DEME
Slide 8: Offshore Energy Key Figures
OFFSHORE ENERGY KEY FIGURES 2000 20+ dedicated ~85% of start offshore wind offshore energy Turnover activities vessels RENEWABLES Offshore wind farms • 350 successfully executed projects +15 k MW Innovation focused with many industry • Many world-firsts, including Offshore capacity of installed Foun
Slide 9: Broad Service Offering
BROAD SERVICE OFFERING PROVIDING FLEXIBLE SOLUTIONS FOR THE MOST DEMANDING OFFSHORE WIND PROJECTS FOUNDATIONS CABLES TURBINES ROCK PLACEMENT Global market leader (technology, Leading market player 20+ years of expertise as market Commanding 1/3rd of the global track record, market share) leader rock
Slide 10: One of the Most Technologically Advanced Fleet
ONE OF THE MOST TECHNOLOGICALLY ADVANCED FLEET DRIVEN BY CONTINUOUS INVESTMENTS FOUNDATIONS CABLES ROCK PLACEMENT ORION GREEN JADE VIKING NEPTUN YELLOWSTONE • DP3 floating installation vessel • DP3 floating installation vessel • DP3 cable laying vessel • Fallpipe vessel • 5,000-ton lifting capacity
Slide 11: Offshore Energy Performance Dashboard 2024
OFFSHORE ENERGY Orderbook reached a record high driven by strong demand, recent expansion of fleet capacity, add- EBITDA grew 87% driven by strong tu growth and disciplined and effective execution ons to existing projects and PERFORMANCE DASHBOARD 2024 addition of new contracts in the APAC region an
Slide 12: Offshore Energy Key Projects 2025
OFFSHORE ENERGY DOGGER BANK A, B and C (3.6 GW) Inter-array cables & rock dumping KEY PROJECTS 2025 D NEARTH NA GAOITHE (0.45 GW) Inter-array and interconnector cables BALTIC POWER (1.2 GW) DIEPPE – LE TRÉPORT (0.5 MW) C Pin piles, jackets for 62 turbines; offshore substation and inter-array cables
Slide 13: Ile d'Yeu and Noirmoutier
Gn LELILLELLL. MOUTIER *YEU AND NOIR ILED
Slide 14: Ile de Yeu et Noirmoutier
ILE DE YEU ET NOIRMOUTIER MAJOR FRENCH OFFSHORE PROJECT FRANCE, LOIR ATLANTIQUE PROJECT CHARACTERISTICS Customer: EMYN (Ocean Winds, Requires same innovative drilling Sumitomo corp and La Banque des technology (MODIGA) as applied in Territoires and Vendée Energie) Saint Nazaire, further improved and
Slide 15: US Projects
US PROJECTS
Slide 16: Status in the US
STATUS IN THE US EXECUTION KICKED OFF AS OF 2023 OVERVIEW EAST COAST DEME NOW INVOLVED IN THE WE DELIVER: PROJECTS FOLLOWING PROJECTS South Fork: cable works; Done in 2023 Vineyard Wind 1 (800MW): Monopiles, TP’s, substation & turbines; ongoing, good progress in 2023; more in 2024-2025 Coastal Virgi
Slide 17: Hai Long
HAI LONG
Slide 18: Hai Long: Building on Our Presence in Taiwan
HAI LONG BUILDING ON OUR PRESENCE IN TAIWAN BUILDING ON OUR PRESENCE IN TAIWAN PROJECT CHARACTERISTICS WITH SOLID TRACK RECORD Customer: Hai Long 2/3 Offshore Wind Power Co., Ltd. (NPI, Mitsui, Yushan Energy) 1GW wind farm, 73 turbines Partnership approach between Scope includes seabed levelling DEM
Slide 19: Dredging & Infra
DREDGING & INFRA
Slide 20: Global Dredging Powerhouse
GLOBAL DREDGING POWERHOUSE COMPLEMENTED BY INFRA ACTIVITIES IN CORE MARKETS DREDGING INFRA ACTIVITIES: ACTIVITIES: Capital and 2bn euro Inland waterway maintenance Land reclamation Turnover (2024) infrastructure Port construction dredging Marine aggregates 358m euro Bored and immersed Other marine C
Slide 21: One of the Most Technologically Advanced Fleet
ONE OF THE MOST TECHNOLOGICALLY ADVANCED FLEET DRIVEN BY CONTINUOUS INVESTMENTS CUTTER DREDGER HOPPER DREDGER SPARTACUS BONNY RIVER • World’s largest CSD • Dredges hard soils and in deep waters • Dual fuel (>100m) • Size: 44,580 kW total installed power • Size: 15,016 m3 • Delivered 2021 • Delivered
Slide 22: Dredging & Infra Performance Dashboard FY24
DREDGING & INFRA Orderbook grew 3% y-o-y with a healthy intake of new projects EBITDA grew 20% driven by sustained high activity levels and across various regions PERFORMANCE DASHBOARD FY24 disciplined project execution Turnover grew 22% y-o-y, approaching two billion euro, driven by strong performa
Slide 23: Dredging & Infra Key Projects in 2025
DREDGING & INFRA ARDERSIER ENERGY TRANSITION FACILITY A Deepening and widening of the harbor and access channel B PORT-LA NOUVELLE KEY PROJECTS IN 2025 Port expansion via dredging and construction of terminals OOSTERWEEL C Completion of tunnel elements for the Scheldt Tunnel PRINCESS ELISABETH ISLAN
Slide 24: Oosterweel
OOSTERWEEL
Slide 25: The Oosterweel Connection
THE OOSTERWEEL CONNECTION ‘SCHELDT TUNNEL & CONSTRUCTION DOCK’ • Extra capacity to cross the river Scheldt • 1.8 km long • 8 tunnel elements constructed in Zeebrugge • Dimensions of a tunnel element: L ≈ 160m B ≈ 41,3m H ≈ 9,9m • Two road tubes, each with3 lanes; a service & evacuation tube and a 6
Slide 26: Scheldt Tunnel & Construction Dock
‘SCHELDT TUNNEL & CONSTRUCTION DOCK’ CONSTRUCTION SITES Construction Dock Zeebrugge Scheldt Tunnel Antwerp 26
Slide 27: Princess Elisabeth Island
PRINCESS ELISABETH ISLAND
Slide 28: Princess Elisabeth Island
PRINCESS ELISABETH ISLAND INDUSTRY-FIRST, ARTIFICIAL ENERGY ISLAND TO BE DEPLOYED BY END 2026 PROJECT CHARACTERISTICS First building block of an integrated European Customer: ELIA Construction to start early 2024 and expected offshore electricity grid, bundling the wind farm to last 2.5 years export
Slide 29: Environmental
ENVIRONMENTAL
Slide 30: Leading Environmental Specialist in Benelux
LEADING ENVIRONMENTAL SPECIALIST IN BENELUX OFFERING WIDE RANGE OF SERVICES SOIL REMEDIATION & ENVIRONMENTAL DREDGING & BROWNFIELD DEVELOPMENT SEDIMENT TREATMENT HIGH WATER PROTECTION • Cleaning and recycling of polluted • Fluvial dredging with minimal • Offering tailored solutions for high soils en
Slide 31: Environmental Performance Dashboard FY24
ENVIRONMENTAL Orderbook remains stable with additional projects in the Benelux; exploring EBITDA margin of 13% (2023 margin included a non-recurring opportunities in Italy and the UK PERFORMANCE DASHBOARD FY24 settlement) Turnover grew 11% to 337 million euro fueled Launching ‘Cargen’, an innovative
Slide 32: Environmental Key Projects in 2025
ENVIRONMENTAL KEY PROJECTS IN 2025 A BERGEN Remediation of the Slettebakken landfill contracted by the City of Bergen; >200,000 tons of landfill waste A GORINCHEM-WAARDENBURG (GOWA) 23 km dike reinforcement project, part of the National Flood Protection Program B MARKEN A multi-year dike reinforceme
Slide 33: Concessions
CONCESSIONS
Slide 34: Infrastructure Developer, Investor and Manager
INFRASTRUCTURE DEVELOPER, INVESTOR AND MANAGER LEVERAGING UNIQUE COMBINATION OF TECHNICAL AND FINANCIAL CAPABILITIES AT A GLANCE ACTIVE IN 4 SECTORS Early involvement in the development process Strong additionality with contracting side of DEME Strengthens and diversified DEME’s financial position O
Slide 35: Concessions
CONCESSIONS LEVERAGING UNIQUE COMBINATION OF TECHNICAL AND FINANCIAL CAPABILITIES OFFSHORE WIND DREDGING & INFRA GREEN HYDROGEN DEEP-SEA HARVESTING • Stakes in Offshore wind • Involved in marine • Advancing hydrogen • Global sea mineral with total installed capacity infrastructure projects developme
Slide 36: Financials & Non Financials
3 FINANCIALS & NON FINANCIALS 36
Slide 37: Key Financial Highlights FY24
FY24 KEY FINANCIAL HIGHLIGHTS Orderbook at unmatched level of 8.2 billion euro, +8% vs 2023 (in millions of euro) 2024 2023 2022 Turnover +25%, surpassing the 4 billion euro mark, Orderbook 8,200 7,582 6,190 all segments contributing to the growth y-o-y growth +8% +22% +5% Turnover 4,101 3,285 2,655
Slide 38: Key Financial Highlights 1H25
1H25 KEY FINANCIAL HIGHLIGHTS Order book remains at healthy level of 7.5 billion euros (in millions of euros) 1H25 1H24 1H23 Turnover +10%, surpassing the 2 billion euros mark, Order book 7,521 7,622 7,654 fueled by solid growth for Offshore Energy y-o-y growth -1% -0% +36% Turnover 2,117 1,916 1,47
Slide 39: 1H25 – Group Order Book
1H25 – GROUP ORDER BOOK 1 ORDER BOOK REMAINS SOLID Order book Geographical breakdown Order book run-off 7,654 7,622 7,521 3% 1,558 8% 10% 1,536 5,620 6% 4,737 11% 1H25 3% 2,486 16% 1H24 1,940 76% 62% 5% Europe Africa The Americas Asia 2 2H25 FY26 FY27 >2027 1H21 1H22 1H23 1H24 1H25 Middle East (in m
Slide 40: 1H25 – Group Turnover
1H25 – GROUP TURNOVER SEGMENT BREAKDOWN - GROUP TURNOVER GREW 10% WITH STRONG GROWTH IN OFFSHORE ENERGY Turnover Geographical breakdown 2,117 2,117 1,916 1,916 2% 1,475 15% 1,475 1,292 11% 6% 1,292 1,063 1,063 22% 9% 1H24 1H25 53% 8% 66% 8% Europe Africa 1H21 1H22 1H23 1H24 1H25 The Americas Asia Mi
Slide 41: CapEx
CAPEX CONTINUED INVESTMENTS IN STRENGTHENING THE FLEET PAY OFF EVOLUTION OF CAPEX1 484 441 435 399 282 286 202 2018 2019 2020 2021 2022 2023 2024 (in millions of euro) CAPEX HIGHLIGHTS 2024 2,468 million euro Increased capacity of ‘Viking Neptun’ with Major conversion of Yelllowstone, a NET BOOK VAL
Slide 42: FY24 – Segments
FY24 – SEGMENTS COMPLEMENTARY SEGMENTS RESULT IN DIVERSIFIED SOURCES OF INCOME OFFSHORE ENERGY DREDGING & INFRA ENVIRONMENTAL CONCESSIONS (in millions of euro) 2024 2023 2024 2023 2024 2023 (in millions of euro) Since start Turnover1 2,055 1,502 1,963 1,605 337 304 Value of projects at ca. 7,200 Y-o
Slide 43: 1H25 – Segments
1H25 – SEGMENTS COMPLEMENTARY SEGMENTS CONTRIBUTE TO A BALANCED AND DIVERSIFIED REVENUE STREAM OFFSHORE ENERGY DREDGING & INFRA ENVIRONMENTAL CONCESSIONS (in millions of euros) 1H25 1H24 1H25 1H24 1H25 1H24 (in millions of euros) Since start Turnover1 1,141 948 142 Value of projects at 898 992 175 c
Slide 44: ESG
ESG UPDATE ON PROFESS ENVIRONMENTAL 42% of DEME’s turnover is EU taxonomy aligned, up from 33%, driven by (in %) 2024 2023 2022 strong growth in 2024 offshore wind projects and the inclusion of DEME’s EU Taxonomy - Turnover environmental activities, such as remediation of contaminated sites and trea
Slide 45: Dividend
DIVIDEND AN 81% INCREASE IN GROSS DIVIDEND In line with DEME’s dividend policy, targeted to a pay-out ratio of 33% of the group’s net profit, the Board of Directors will propose to the General Assembly a gross dividend of 3.8 euro per share, marking an 81% increase compared to last year. Subject to
Slide 46: Outlook
OUTLOOK 2025 “Our long-term vision and continued focus on innovation are clearly paying off. Given this strong first half-year performance, we are reaffirming our topline guidance and are raising our profitability outlook for the year.” Based on a solid first half performance and taking into account
Slide 47: Acquiring Havfram
ACQUIRING HAVFRAM STRATEGIC ACQUISITION, ENHANCING DEME’S COMPETITIVE POSITION Havfram, a Norwegian offshore wind infrastructure company, building two next-gen offshore wind installation vessels. • Vessels expected to be delivered in 4Q25 and early 2026 and to become operational in the course of 202
Slide 48: & DEME
& DEME SeSEEELiLL} ||)
Slide 49: Financial Calendar
FINANCIAL CALENDAR Trading update Q3 2025 November 13, 2025 Full-year results 2025 February 26, 2026 Trading update Q1 2026 May 13, 2026 Annual General Meeting May 20, 2026 Half-year results 2026 August 26, 2026 49
Slide 50: Thank You
THANK YOU For more information vanden.bussche.carl@deme-group.com
Slide 51: Appendix
APPENDIX
Slide 52: 52
52
Slide 53: Offshore Energy Performance Dashboard 1H25
OFFSHORE ENERGY Order book reached 4.1 billion euros, up from 4.0 billion euros, including the addition of Havfram order book, add-ons to existing projects and EBITDA grew 118% driven by strong turnover growth and disciplined and effective execution addition of smaller new contracts PERFORMANCE DASH
Slide 54: Dredging & Infra Performance Dashboard 1H25
DREDGING & INFRA Order book -7% compared to last year; remains healthy at over 3 billion euros and with EBITDA margin declined to 12% largely due to adverse results on a marine PERFORMANCE DASHBOARD 1H25 continued strong tender activity infrastructure project Turnover relatively stable compared to a
Slide 55: Environmental Performance Dashboard 1H25
ENVIRONMENTAL Order book remains stable with projects in the Benelux; exploring opportunities in Italy EBITDA margin of 15%, up from 13% a year ago and the UK PERFORMANCE DASHBOARD 1H25 Turnover of 142 million euros with work on long- Expanding treatment capacity in Belgium and the term and complex
Slide 56: Disclaimer
DISCLAIMER The Information and any opinions contained therein are provided as at the date of the presentation and are subject to change without notice. In giving this presentation, DEME does not undertake any obligation to provide the recipient with access to any additional information or to update