Investor Presentation

CADELER Leading supplier in the offshore wind industry State-of-the-art-fleet and strong operational track record CADELER Established in 2008 and operated under Swire Blue Ocean from 2010-2020 Headquartered in Copenhagen, Denmark Listed on Oslo Stock Exchange since 2020 Market capitalization of ~€600m¹ Largest shareholders are BW Group (30.84%) and Swire Pacific (15.11%)² Successfully raised €380m in new equity to fully finance the equity portion of four newbuilds • 6 offshore wind jack-up vessels capable of installing +20 MW next generation turbines O-Class delivered 2012/13 - Undertaking crane upgrades in 2024 Two X-Class WTIV newbuilds set to be delivered in 2024 - 2025 Two F-Class foundation vessels set to be delivered in 2025 - 2026 Wind Orca Wind Osprey X-Class #1 X-Class #2 48.3 GW Installed since establishment³ +528 Foundations installed³ +668 Turbines installed³ Signed business combination agreement with Eneti to create a leading offshore wind turbine and foundation installation company with increased scale, track record and competence, significantly strengthening our client value proposition F-Class #1 F-Class #2 (1) As of November 7 2023 (2) As of October 26 2023 (3) As of October 26 2023 (4) Contract backlog includes 100% options, as of October 24 2023. Half-year reports only include 50%. € 1,334m Contract backlog4

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