Acquisition of Rana Subsea SpA

Acquisition of Rana Subsea SpA 23 July 2025

Attilio Ievoli

NextGeo Chairman

Giovanni Ranieri

NextGeo CEO

Giuseppe Maffia

NextGeo CFO

Alessandro Buffa

RANA SUBSEA CEO

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Today's Speakers

Geografical presence during 2024

43%

57%

Mediterranean Sea

North Sea

Key Figures

Offshore expertise

110+

years of heritage in the shipping market

Revenues

€203

31.12.2024

EBITDA

€54

31.12.2024

EBITDA Margin

26.5%

31.12.2024

Highly skilled

management team with

30+

years of success

in the offshore industry

Backlog1

~€335m

31.12.2024

Pipeline2

~€510m

31.12.2024

A LEADING EUROPEAN PLAYER IN MARINE GEOSCIENCE SURVEY AND OFFSHORE CONSTRUCTION SUPPORT SERVICES

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Notes 1) Backlog represents the value of contracts/orders signed or awarded. 2) Pipeline represents the value of the bids submitted for which a probable award is estimated

NextGeo: a leading European player…

% on FY2024 results

Value expressed in millions of Euro

4

…historically focused on Interconnectors and Offshore WindFarm, with a great success

Oil&Gas: a market with significant investments for the upcoming years Offshore O&G pipelines EPCI CapEx - OpEx ('25-'30, €bln) Offshore O&G platforms EPCI CapEx - OpEx ('25-'30, €bln) CapEx OpEX

4.3

2.5 2.7 3.0

89%

4.5

6.0

52.5

40%

60%

CapEx OpEX

45.7 43.4 45.0 41.4 44.0

48% 53% 53% 58%

59%

52%

11%

47%

47%

41%

42%

Expected Market Value

2025 2026 2027 2028 2029 2030 2025 2026 2027 2028 2029 2030

Expected Market Value

28%

10%

23€bln

'25-'30

54%

North Sea

Mediterranean Sea Middle East

West Africa

30%

25%

272€bln

'25-'30 7%

North Sea

Mediterranean Sea Middle East

West Africa

8% 37%

Notes: 1) Incl. Under construction projects 5

Source: PwC Strategy& research, based on datasets of leading industry providers