Investor Presentation

CADELER Venturing into deeper waters farther from shore Offshore wind projects are expected to continue to move to deeper sites farther from shore. Longer legs and carrying capacity thus increases value as competitive parameters for turbine and foundation installation vessels Avg. site water depth (m) Distance to shore (nm) 140 120 100 80 60 40 20 Forecasted vessel supply vs. demand ex. China 0 2000 2005 2010 2015 2020 2025 2030 2035 100 80 60 40 20 0 2000 Source: Spinergie - www.spinergie.com Data only includes fixed bottom projects 2005 • 11 2010 2015 2020 2025 2030 2035 Americas Asia Europe

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