Integrated Wind Solutions - Company Presentation - June 25

Investor Presentation June 2025

IWS | A fully integrated offshore wind solutions provider

2

1) Clarksons 2) 49% ownership

IWS | A fully integrated offshore wind solutions provider

Integrated Services

~75%

3

Operations & Asset Management

100%

49%

IWS Fleet | Favourable yard prices → attractive cash flow yields Newbuilding yard prices1 (EUR million)

►

Attractive free equity cash flow yields2 ’ improves free cash flow yield.

F ’ at an attractive average fixed yard price of EUR 48m per vessel, which includes additional equipment and features that would add EUR ~5m to standard yard prices.

F ’ on about 50% Norwegian equipment and content.

4

1) Source: Clarksons 2) Assumed for comparison only: 60% loan with 12-year amortisation profile and 6% interest, 90% utilisation, operating expenses of EUR 15k per day and EUR 1k net margin on victualling

IWS Fleet | Strong revenue backlog1 to tier 1 clients F

5

F

1) As of 31 March, including contracts signed in Q2 2025. Gross victualling income of EUR 5,000 per day and zero inflation adjustments.

IWS Skywalker class | Overview

F

6

IWS Skywalker | Dogger Bank Wind Farm

IWS Skywalker class | Vessel overview 1

IWS Skywalker

2

Operating at Dogger Bank

4

IWS Starwalker

Operating at Dogger Bank

8

IWS Windwalker

3

Operating for Siemens Gamesa

5

IWS Moonwalker

Completed sea trial

IWS Seawalker

Operating for Siemens Gamesa

6

IWS Sunwalker

Started commissioning

IWS Skywalker and IWS Seawalker | The North Sea

IWS Services | Bundled service offerings 1

2 The portfolio companies as stand-alone services

IWS Services as bundled services

IWS Fleet & IWS Services as a full-service offering

Service Co 3

Service Co 3 Service Co 4 Co …

10

3

Service Co 4 Co …

+

PEAK Wind Group Capabilities Partnered to deliver throughout the energy lifecycle from generation to storage

Wind Energy Asset & Operations Management, Data Intelligence & Advisory

Power-to-X Advisory

Offshore Wind Market Intelligence Platform

Energy Storage Advisory & Virtual Power Plant 11

Office Locations & Client Project Regions A global presence with local support for your project portfolio Client Projects

operated +2.6 GW & in backlog project +50 GW experience projects +250 Client serviced

+200 Employees across the globe

Offices

Hamburg, Germany

Aarhus, Denmark

B

​

Copenhagen, Denmark

Houston, TX, USA

Taipei, Taiwan Zaragoza, Spain

Changhua, Taiwan

Alberta, Canada

Seoul, Korea

Edinburgh, Scotland, UK

London, England, UK

Melbourne, Australia 12

Outlook

F

B

F

13

Appendix

14

Key financials | Q1 2025 o

o

o

o

F F o o

o o

o

15

o

o

Key financials | Q1 2025

o o

o

o

o

o

o

o

16

1) As of period end

o

Key financials | Segment reporting

o o

o

17

o

o o

Co

o

Key financials | Segment reporting o

o o

o

B

18

1) As of period end

Co

o

IWS Fleet | Capex & financing F o

o

19

For IWS Windwalker, IWS Seawalker, and IWS Starwalker, EUR 0.7m has been withheld, with expected payment in 2025.

Sumitomo Corporation | IWS Fleet strategic partnership o F F

25.38%

o oo

F F

20

F

1) As of 29 May 2024, JPY/USD = 0.006355

74.62%

Havfram Fleet Management | A strategic joint venture

F

F

F F

21

F

Investor relations contact: Marius Magelie, Group CFO +47 920 27 419 Ticker: IWS iws@integratedwind.com integratedwind.com