Integrated Wind Solutions - Company Presentation - January 25

Investor Presentation January 2025

IWS | A fully integrated offshore wind solutions provider

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1) Clarksons 2) 49% ownership

IWS | A fully integrated offshore wind solutions provider

Integrated Services

25.38%

74.62%

100%

75%

3

Operations & Asset Management

49%

100%

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 in a rising market.

F ’ six CSOVs ordered 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.

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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

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F

1) As of 30 September 2024. Project startup based on management estimates, gross victualling income of EUR 5,000 per day and zero inflation adjustments.

2) Charter contract with Asso.subsea Single Member S.A. terminated in November against a termination fee.

IWS Skywalker Class | Overview

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IWS Skywalker and IWS Seawalker | The North Sea

IWS Skywalker class | Vessel overview 1

IWS Skywalker

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Operating at Dogger Bank

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IWS Starwalker

En route to Denmark

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Source: IWS Fleet

IWS Windwalker

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Operating for Siemens Gamesa

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IWS Moonwalker

Started commissioning

IWS Seawalker

Operating at Dogger Bank

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IWS Sunwalker

Launched

IWS Skywalker and IWS Seawalker | The North Sea 9

Skywalker Class | Galley and Lounge

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Photos from IWS Skywalker, November 2023

Skywalker Class | Dining facilities

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Photos from IWS Skywalker, November 2023

Skywalker Class | Recreational facilities

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Photos from IWS Skywalker, November 2023

IWS Services | B several service offerings 2

1 The portfolio companies as standalone services

”

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IWS Services as bundled services

IWS Fleet & IWS Services as a full service offering

Service Co 3

Service Co 3 Service Co 4 Co …

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“

Service Co 4 Co …

1) O&M = Operation & Maintenance 2) IWS Services owns 75% of the share capital in ProCon, but 100% of the voting shares

PEAK Wind | Renewable energy specialist delivering advisory, intelligence and asset management services At a glance

Main business areas

1) 2)

32+ Countries PW delivers offshore

12 offices

wind advisory to

20+ GW offshore & onshore wind,

10 countries

PV assets using PW advisory

2.1+ GW under asset management

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1) PEAK Wind’s shareholding in Hybrid Greentech is ~27% 2) PEAK Wind owns a 50% share in Sea Impact

+200 colleagues

Outlook

F

Photo: Tom Collins

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Appendix

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Key financials | Q3 2024

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1) Increased ownership in PEAK Wind to 49% as of 18 September 2024

Key financials | Segment reporting Q3 2024 Segment reporting has from Q3 been updated to show inter-segment revenue and expenses

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Key financials | Q3 2024

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Key financials | Segment reporting Segment reporting has from Q3 been updated to show inter-segment revenue and expenses

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IWS Fleet | Capex & financing

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Sumitomo Corporation | IWS Fleet strategic partnership o F F

25.38%

o oo

F F

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F

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

74.62%

Havfram Fleet Management | A strategic joint venture

F

F

F F

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F

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