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Investor Presentation

Executing newbuild program Good progression according to plan POLOG LOUN N1063 Construction S-curve CADELER LION 0.00% N1063 (X1) construction S-curve shows actual completion progress of 62%, which is according to plan. N1064 Construction S-curve . • • Overall progress is as per our expectations with X1 & X2 under construction and F1 commencing at COSCO shipyard, (Qidong) Cadeler local site supervision team presently consists of 22 FTE and is following the intended manning plan relating to construction activities on X- & F-class hulls Daily supervision by local site supervision team to ensure the constructed vessels are built according to the approved drawings and quality standards The block assembly for X1 is proceeding well in the dry dock at COSCO shipyard First F-Class started construction in September 2023, ahead of schedule Continued strong cooperation between COSCO Shipping (Qidong) Offshore Yard and Cadeler KON FLOWN 100.00% 90.00% 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% N1064 (X2) construction S-curve shows actual completion progress of 14%, which is according to plan 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 100% 0.50% 0.00%
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