Investor Presentation

Market and secular trends keeps benefiting Polygon Global presence and clear European #1 in a market with stable and low-cyclical demand coupled with attractive growth prospects 1 Low-cyclical and stable market demand for must-have services generates sales of recurring nature topped up with an increasing frequency of major weather events EUR ~5bn Total addressable market Growing at 1-3% p.a. Historically stable market growth expected to continue Very large share of recurring nature 2 Favourable market trends and increasing barriers to entry into the insurance segment Large one-stop-shops are increasingly favoured Increasing the barriers to entry for local/regional players ~2x the scale of the closest competitor in Europe (Belfor) Digital capabilities and partnership-model with IC's creating lock-in effects 3 Global operations with European leadership and #1 position in focus markets Clear #1 in Europe #1 Germany, #1 UK, #1 Nordics >85% of sales from #1-2 positions in focus markets Unparalleled knowledge-base Best-practice sharing across geographies 7 5 6 Proven ability to successfully source and integrate bolt-ons 27 Successful acquisitions since 2011 Highly fragmented European PDR market <30% market share held by top 8 players Significant consolidation potential "Semi-organic" growth at limited risk and cost Blue-chip customer base with low single-customer dependency 34% of Sales from top 10 customers >90% Average agreement retention rate historically ~85% High share of sales under framework agreements Focused PDR business model with flexible cost structure providing stable margins Complete range of services Top quality services within PDR Toolbox to meet variations in demand ■ Movement of personnel ■ Sub-contractors ■ Temporary staffing Source: Company information, Thrid party provider Strong management team supported by a highly committed owner and experienced board PROFILE OF THE CLEAR EUROPEAN LEADER | POLYGON 13

View entire presentation