2025 Results Analyst Presentation

Safety remains our number 1 priority, followed by quality and then output volume

Record contribution margin of € 1,001 per ton - total production of 176 Ktons in 2025

Successfully transitioning from the stabilization phase in the second half of 2025 to a more controlled production phase at the MV2 facility. Both MV2 and Roermond set for expected demand increase from 2028 onwards as seen in tender activity

Market today is faced with delays in tender releases and FID. 2027-2028 demand will be low. EU Northsea summit declaration however underpins long term growth on the basis of demand for energy independence

Committed orderbook and production output levels at both facilities underpin € 135m EBITDA guidance for 2026. Too early to forecast production and results for 2027 but we may face periods of lower activity in our production facilities

Empire Wind 1 (54 monopiles, 73 Kton)- largest monopiles

produced by Sif

Maasvlakte II Facility ramp up delay was painful but is in

control and shifting to production optimization in 2026

First Monopiles for Ecowende produced and installed

Alignment with EU and member state policy makers, branches and industry partners that Offshore wind is essential for European energy independence. Measures in preparation to assure level playing field conditions for the supply chain.