Investor Presentation Q1/2024

Merchant Ships and Offshore contracting outlook positive Long term contracting 2020 - 2029 Merchant ships > 2000 gt excl ofs and misc Long term contracting 2020-2029 Mobile offshore units 2,500 2,000 Historical avg 1,500- 1,000 500 0 Avg. 96-22 2020 Forecast 100 300 200 Avg. 2012-2022 400 Historical avg Forecast Environmental regulation with accelerating energy efficiency requirement drives merchant ships contracting. CARGOTEC Source: Clarksons Research, updated 10/2023 Energy transition and increased energy security requirement drive mobile offshore unit contracting. 52 62

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