Investor Presentation

CADELER ENETI Increased investor access through larger market cap and dual listing Expanded investor attention and enhanced trading liquidity as a result of greater market capitalization 580 Market capitalization (€m¹)) +67% 387 ✓ Broader investor base and enhanced research coverage as a result of dual listing Improved access to lower cost capital due to stronger combined credit profile 967 ✓ Refinancing of long-term debt obligations for combined company's fleet on the water at attractive terms CADELER ENETI Combined 1) As of November 7 2023, applying exchange offer of 3.409 Cadeler shares per Eneti share Improved pro-forma cash flow profile on the back of meaningful synergies ✓ Strong support from sponsors

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