Slide 1: Full Year Results 2022
FULL YEAR RESULTS 2022 Analyst & Investor Call Luc Vandenbulcke & Els Verbraecken 27 February 2023
Slide 2: Agenda FY22 Results
AGENDA FY22 Results 00 Executive Summary 01 Group Financial Highlights 02 Segments Update 03 ESG & Safety 04 Outlook & Dividend 05 Q&A FULL YEAR RESULTS 2022 — DEME — 2
Slide 3: Global leader in offshore energy, dredging, marine infrastructure and environmental solutions
Global leader in offshore energy, dredging, marine infrastructure and environmental solutions OFFSHORE DREDGING & ENVIRONMENTAL CONCESSIONS ENERGY INFRA Unrivalled track record in 145+ years of experience in Innovative solutions for soil Developing, building and operating construction offshore wind
Slide 4: Executive Summary – "2022 was a momentous year"
Executive Summary – “2022 was a momentous year” A publicly listed company now All time high orderbook & turnover Against the backdrop of geopolitical tensions, rising inflation, ... DEME performed well Profitability stable with 2021 Capital expenditure increase reflecting further expansion Many indu
Slide 5: Group Financial Highlights
01 Group Financial Highlights
Slide 6: FY22 – Key Financial Highlights
FY22 – Key Financial Highlights Record high orderbook & turnover (in million EUR) 2022 2021 2020 EBITDA and EBIT up slightly includes liquidated damages Orderbook 6,190 5,905 4,500 1H22 FY21 1H21 y-o-y growth +5% (in million EUR) Turn YO y-o-y ove1r Turnover Ygrowth ro gwth 1,292 2,655 +21%+6% 2,511
Slide 7: FY22 – Group Turnover
FY22 – Group Turnover Turnover up 6% vs 2021 Segment breakdown Geographic breakdown 5% 2.655 2.655 8% 2.511 2.511 2.196 2.196 12% 5% 2% 19% 2022 2021 75% 74% 2020 2021 2022 2020 2021 2022 Offshore Energy Dredging & Infra Europe Africa Asia America (in million EUR) Environmental Total (in million EUR
Slide 8: FY22 – Group Profitability
FY22 – Group Profitability Profitability stable versus 2021 EBITDA & EBITDA Margin EBIT & EBIT Margin Net Result & Margin 500 469 474 50,0% 200 20,0% 150 20,0% 369 155 115 113 400 40,0% 150 143 15,0% 15,0% 100 300 30,0% 100 10,0% 10,0% 16,8% 18,7% 17,9% 200 20,0% 64 5,7% 5,8% 50 50 4,6% 4,2% 50 2,9%
Slide 9: FY22 – Group Profitability
FY22 – Group Profitability Group EBITDA, EBIT and Net Profit Key profit and loss items (in million EUR) 2022 2021 Turnover 2,655 2,511 EBITDA 474 469 Depreciation -319 -326 EBIT 155 143 Financial Result -24 -5 Share of profit (loss) of joint 16 11 ventures and associates Net Profit 113 115 Depreciat
Slide 10: FY22 – CAPEX
FY22 – CAPEX Continued investments in technologically-advanced fleet Evolution of CAPEX1 484 441 435 282 202 2018 2019 2020 2021 2022 (in million EUR) CAPEX Highlights Revolutionary offshore installations vessel ‘Orion’ joined Purchase of a bulk carrier, being converted into a DP ‘Green Jade under c
Slide 11: FY22 – Key balance sheet items
FY22 – Key balance sheet items Debt well under control Key balance sheet items (in million EUR) 2022 2021 Net Financial Debt -521 -393 Cash & cash equivalents 522 529 Operating Working Capital1 -506 -511 Net Financial Debt/EBITDA 440 million EUR new term @ 1.1 loan facilities 1. Operating working ca
Slide 12: FY22 – Group Orderbook
FY22 – Group Orderbook Orderbook increase due to healthy market demand and positioning Orderbook Geographic breakdown Orderbook run off indicates at all-time high 2022 vs 2021 a promising future 6.190 25% 62% 27% 5.905 13% 4.500 2021 24% 6% 7% 2022 26% 37% 13% 2020 2021 2022 Offshore Energy Dredging
Slide 13: FY22 – Segments
FY22 – Segments Complementary segments result in diversified sources of income OFFSHORE DREDGING ENVIRONMENTAL CONCESSIONS ENERGY & INFRA (in million SINCE 2022 2021 2022 2021 2022 2021 (in million EUR) EUR) START Turnover1 958 916 1,524 1,478 206 166 Value of projects at c. 6,000 YOY growth +5% +3%
Slide 14: Segments Update
02 Segments Update
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Slide 16: Offshore Energy
Strong results: revenue growth of Orderbook strong, reflecting new 5% and a healthy backlog contract awards in Europe, Australia, Offshore Energy Taiwan and the US Performance Dashboard EBITDA and EBITDA margin up, Fleet utilisation lower due to shifts in reflecting favorable project phasing, cable
Slide 17: Offshore Energy – Key Projects 2022
Offshore Energy Key Projects 2022 A ORION ARCADIS OST 1 (257 MW) • DP3 floating installation 28 XXL monopiles foundations vessel Largest monopiles foundations ever installed; • 5,000-ton lifting weighing more than 2,000 tonnes capacity C D B A SAINT-NAZAIRE B (480 MW) 80 XL monopile foundations Indu
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Slide 19: Dredging & Infra
Turnover increased 3% y-o-y Orderbook additions include contract Dredging & Infra wins in Europe, Africa, and Asia Performance Dashboard EBITDA decreased due to a mix of Fleet utilisation mixed vs 2021 with vessel dockings, overhauls, inflation improved occupancy for the cutters (CSD) effects... ; 2
Slide 20: Dredging & Infra – Key Projects 2022
Dredging & Infra Key Projects 2022 A D A FEHMARNBELT ABU QIR PORT FIXED LINK EXPANSION Longest immersed road and rail Expansion of Egyptian Abu-Qir port tunnel in the world, connecting A Denmark with Germany Period: 2021-2024 E B C Period: 2021-2029 E D B ŚWINOUJŚCIE- SZCZECIN F LEIXõES Modernizatio
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Slide 22: Environmental
Turnover grew 24% to become a + Setting new standards in cleaning €200m business polluted material and expanding capacity Environmental in our soil recycling centres Performance Dashboard Improvement in EBITDA resulting from Orderbook growth with new contract wins geographical expansion, disciplined
Slide 23: Environmental – Key Projects 2022
Environmental Key Projects 2022 Soil remediation and brownfield development A B BLUE GATE FORMER OIL TERMINAL Converting historically heavily polluted Turning oil-polluted former oil terminal into B brownfield site into sustainable business residential plot for houses. 150,000 tonnes park of soil tr
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Slide 25: Concessions
Global Sea Mineral Resources Concessions - Progressing considerately the research into the possibility of Net result collecting polymetallic nodules - Strategic cooperation with (in million EUR) 2022 2021 Transocean whereby Transocean contributes ultra-deepwater drilling vessel and makes a cash Net
Slide 26: ESG & Safety
03 ESG & Safety
Slide 27: ESG 2022
Milestone projects in the transition to clean energy: Offshore wind @ Saint-Nazaire (France) and RWE’s Kaskasi; ESG 2022 Securing the rights to develop two 1GW projects in Scotland; Initiatives @ Port-La-Nouvelle, including a strategic hub for Update on progress offshore wind Frontrunning on the pro
Slide 28: Outlook & Dividend
04 Outlook & Dividend
Slide 29: Outlook
OUTLOOK Management is confident about DEME’s long term growth prospects and expects for the next few years ... A gradual increase in EBITDA MARGIN TURNOVER to vary but to stay between 16% to 20% For 2023 ... taking into account present market conditions, current orderbook and fleet capacity, managem
Slide 30: Q&A
Q&A
Slide 31: Financial Calendar
FINANCIAL CALENDAR 30/03/2023 Publication Annual Report 2022 16/05/2023 Quarterly results Q1 2023 17/05/2023 General Assembly 29/08/2023 Half year 2023 results 22/11/2023 Quarterly results Q3 2023 FULL YEAR RESULTS 2022 — DEME — 31
Slide 32: Declaration by the auditor / Disclaimer
Declaration by the auditor The statutory auditor has confirmed that the audit, which is substantially complete, has not to date revealed any material misstatement in the draft consolidated accounts, and that the accounting data reported in the press release is consistent, in all material respects, w
Slide 33: Thank you
Thank you For more information vanden.bussche.carl@deme-group.com