Deme Group Nv · EURONEXT:DEME
Deme Group Nv — Investor Presentation (June 2025)
55 slides from Deme Group Nv's investor presentation, June 2025
Slide 1: Pushing Boundaries – IR Deck June 2025
PUSHING BOUNDARIES IR DECK – JUNE 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 Market leading Growth trajectory One of the ESG & safety Attractive financial Diversified in healthy supported by largest and most at the core of profile, supported portfolio of segments with secular underlying technologically DEME’s by a healthy activities fos
Slide 4: 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 5: DEME: A Global Marine Solution Provider
DEME A GLOBAL MARINE SOLUTION PROVIDER ENVIRONMENTAL GROWING POPULATION INCREASING MARITIME CHALLENGES & URBANIZATION TRADE ACTIVITY INNOVATIVE SOLUTIONS PROVIDED THROUGH 4 DIFFERENT SEGMENTS OFFSHORE ENERGY DREDGING & INFRA ENVIRONMENTAL CONCESSIONS 5
Slide 6: Leading in Four Segments
LEADING IN 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 marine infrastructure bro
Slide 7: Segments Update
2 SEGMENTS UPDATE SDEME
Slide 8: Offshore Energy
OFFSHORE ENERGY 8
Slide 9: DEME: A Global Marine Solution Provider (Offshore Energy)
DEME A GLOBAL MARINE SOLUTION PROVIDER 2000 Studies & reports signal continued significant start offshore wind ~85% of market growth in Offshore Wind Turnover activities RENEWABLES • From ~7GW installed in 2024 to ~20GW pa in 2030 Offshore wind farms • And to move to +35 GW around 2035 • 350 success
Slide 10: 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 trackrecord, market share) leader rock
Slide 11: One of the Most Technologically Advanced Fleet
ONE OF THE MOST TECHNOLOGICALLY ADVANCED FLEET RIVEN 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 12: 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 13: Offshore Energy Key Projects in 2024
OFFSHORE ENERGY MORAY WEST (900 MW) KEY PROJECTS IN 2024 29 monopiles foundations A DOGGER BANK A, B & C (3.6GW) Inter-array cables & rock dumping DIEPPE – LE TRÉPORT Pin piles, jackets for 62 turbines; offshore substation and inter-array cables B ÎLE D’YEU AND NOIRMOUTIER 62 XXL monopiles; deployin
Slide 14: Ile d'Yeu and Noirmoutier
Gn LELILLELLL. MOUTIER *YEU AND NOIR ILED
Slide 15: 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 16: US Projects
US PROJECTS
Slide 17: 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 18: Hai Long
HAI LONG
Slide 19: Hai Long
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 20: Dredging & Infra
DREDGING & INFRA 20
Slide 21: 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 22: 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 23: 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 24: Dredging & Infra Key Projects in 2024
LONDON GATEWAY PORT D DREDGING & INFRA E Maintenance of the access channel PORT-LA NOUVELLE Port expansion via dredging and construction of terminals KEY PROJECTS IN 2024 A OOSTERWEEL Completion of Antwerp ring road, including construction of immersed tunnel in the Scheldt river B NEW LOCK TERNEUZEN
Slide 25: Oosterweel
OOSTERWEEL
Slide 26: 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 27: Scheldt Tunnel & Construction Dock
‘SCHELDT TUNNEL & CONSTRUCTION DOCK’ CONSTRUCTION SITES Construction Dock Zeebrugge Scheldt Tunnel Antwerp 27
Slide 28: Princess Elisabeth Island
PRINCESS ELISABETH ISLAND
Slide 29: 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 30: Environmental
“ENVIRONMENTAL hi
Slide 31: 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 32: 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 33: Environmental Key Projects in 2024
ENVIRONMENTAL KEY PROJECTS IN 2024 FORMER OIL TERMINAL Turning former oil-polluted oil terminal into residential plot for houses ; >200,000 tonnes of soil treated B B GOWA 23km dike reinforcement, part of the Netherlands Flood Protection Program C MARKEN A multi-year dike reinforcement project, part
Slide 34: Concessions
CONCESSIONS 34
Slide 35: 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 36: Concessions
CONCESSIONS ACTIVE IN 4 SECTORS NET RESULT DREDGING & INFRA GREEN HTYDROGEN (in millions of euro) 2024 2023 2022 Involved in marine infrastructure Advancing hydrogen development projects (Blankenburg, Port-La initiatives to be among the first in the Net result from associates 12 37 9 Nouvelle, Port
Slide 37: Financials & Non Financials
2 FINANCIALS & NON FINANCIALS 37
Slide 38: FY24 Key Financial Highlights
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 39: FY24 – Group Orderbook
FY24 – GROUP ORDERBOOK ORDERBOOK REACHED A NEW RECORD LEVEL, EVEN WITH THE HIGH CONVERSION OF BACKLOG INTO REVENUE ORDERBOOK GEOGRAPHICAL BREAKDOWN ORDERBOOK RUN-OFF 28% 8,200 2,271 7,582 3% 10% 28% 5,905 6,190 12% 2,290 4,500 12% 7% 4% 2024 28% 3,639 18% 2023 71% 58% 5% Europe Africa America 44% 20
Slide 40: FY24 – Group Turnover
FY24 – GROUP TURNOVER GROUP TURNOVER GREW 25% WITH STRONG GROWTH IN ALL CONTACTING SEGMENTS SEGMENT BREAKDOWN1 GEOGRAPHICAL BREAKDOWN TURNOVER 4,101 4,101 5% 3,285 3,285 9% 2,511 2,655 2,511 2,655 18% 2,196 2,196 8% 3% 18% FY24 8% 60% FY23 8% 63% Europe Africa America FY20 FY21 FY22 FY23 FY24 FY20 F
Slide 41: FY24 – Group Profitability
FY24 – GROUP PROFITABILITY SURGE IN ALL PROFITABILITY METRICS 900 25.0% 350 20.0% 400 20.0% 764 354 800 350 300 288 700 596 300 15.0% 250 15.0% 600 241 474 250 500 200 163 10.0% 18.6% 200 8.6% 10.0% 400 18.2% 155 7.3% 150 17.9% 113 7.0% 300 150 5.8% 5.0% 100 4.2% 200 100 5.0% 5.0% 100 50 50 0 15.0%
Slide 42: FY24 – CapEx
FY24 – 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
Slide 43: 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 44: ESG Update
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 2025
OUTLOOK 2025 Considering the current project schedules in the backlog, the pipeline of new opportunities and fleet capacity, DEME’s management expects for 2025 Turnover and EBITDA margin to be at least in line with 2024 CAPEX to be around 300 million euro before larger fleet capacity expansion inves
Slide 47: 1Q25 Steady First Quarter Performance and Full Year Outlook Confirmed
1Q25 STEADY FIRST QUARTER PERFORMANCE AND FULL YEAR OUTLOOK CONFIRMED Solid start of the year with group turnover up 10% year-over-year ; Orderbook remained solid at 7.6 billion euro (excluding orderbook Havfram) ; (in millions of euro) 1Q25 1Q24 1Q23 Guidance for the year re-affirmed Orderbook 7,60
Slide 48: Acquiring Havfram (Update 9/04)
ACQUIRING HAVFRAM (UPDATE 9/04) 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 th
Slide 49: & DEME
& DEME SeSEEELiLL} ||)
Slide 50: Financial Calendar
FINANCIAL CALENDAR 26/08/2025 Half year 2025 results 13/11/2025 Trading update Q3 2025 25/02/2026 Full year 2025 results 27/03/2026 Annual Report 13/05/2026 Trading update Q1 2025 20/05/2025 General Assembly 26/08/2026 Half year 2026 results 17/11/2026 Trading update Q3 2026 50
Slide 51: Thank You
THANK YOU For more information vanden.bussche.carl@deme-group.com
Slide 52: Appendix
APPENDIX
Slide 53: DEME Campus
DEME CAMPUS “IN THE MAKING” DEME LABS FINISHED JUNE 2023 PAVILION FINISHED AUTUMN 2024 DEME HQ START AUTUMN 2024 53
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Slide 55: 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