Investor Presentation

Global ex China Offshore Wind Outlook Journey to 2030 - Spinergie offshore wind growth projections CADELER Global ex China New Installed Capacity (GW) 2023 - 2030 Massive 767% growth of installed capacity expected by Spinergie from 2022 to 2030. CAGR of 29% over that span 400 Announced 8 year Incremental Windfarm GW 2023 - 2030 = 388GW 350 • Offshore wind is essential for energy transition and to reach global renewable targets 300 . Europe remains the main driver of offshore wind, while new markets open in APAC and Americas in second half of the decade 250 Spinergie 8 year Incremental Forecast GW 2023 - 2030 = 199GW 200 • Increasing global Power-to-X focus further increases demand for offshore wind 150 EMEA APAC Americas = 136 GW (69%) = 35 GW (17%) = 28 GW (14%) • Increasing demand for offshore wind is not offset by an equal increase in supply of capable installation vessels, leading to an imbalance 100 • Massive global ambitions towards the end of the decade will require significant investments in the supply chain and infrastructure 50 Source: Spinergie - www.spinergie.com 2023 2024 2025 2026 2027 2028 2029 2030 EMEA APAC Americas

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