Strong and Resilient Growth Path

ON-TOP OPPORTUNITIES Maintenance & Refit services as upside to business plan High potential, anti-cyclical activities consistently expanding along with the growing and aging global fleet, and potentially becoming a captive business Fleet development Global yacht fleet 30mt+ Global Motor Yachts Fleet Breakdown by age 14% 15% 14% 15% 21% 27% 13% 17% 16% 15% 15% +5.3% 18% 23% 21% 20% 19% 24% 19% 13% 17% 1986-2022 15% 19% 14% CAGR 8% 36% 32% 36% 34% 25% 23% 1986 1987 1988 1989 1990 1991 1,169 1992 1,238 1993 1,305 1994 1,370 1995 1,492 1996 1,485 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Source: The State of Yachting 2023, SuperYacht Times 2022 30-40mt Pre 2003 40-50mt 2003-2007 50-60mt 60-80mt 2008-2012 A growing market number of refittings for 40mt+ yachts, 2017-2021 80mt+ Total 2013-2017 +16.4% 2017-2021 CAGR 2018-2022 20 20

View entire presentation