Investor Presentaiton

Merchant Ships and Offshore contracting outlook improving Long term contracting 2018 - 2027 Merchant ships > 2000 gt excl ofs and misc Long term contracting 2018 - 2027 Mobile offshore units 2,000 1,800 Historical avg 1,600 1,400 1,200 1,000 800 600 400- 200 0 Forecast Environmental regulation with accelerating energy efficiency requirement drives merchant ships contracting CARGOTEC Source: Clarkson Research, September 2021 450 Historical avg 400 350 300 250 200 150 100 50 50 0 Avg. 2010- 2020 Forecast Offshore wind drives contracting of dedicated offshore wind vessels, and also a wider range of other mobile offshore units. Investor presentation November 2021 37

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