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Investor Presentation

CADELER āœ“ ENETI Optimizing installation and utilization with a bigger fleet A large and versatile fleet offers many ways to optimize installation and utilization and thereby reduce risk for clients and increase earnings Project completion (%) Illustrative s-curve for various installation approaches 100 Standard installation with one vessel 80 60 60 One vessel is exchanged for another 40 Additional 2nd vessel is brought in to speed up project 20 0 Two vessels used instead of one due to late start MP installation Turbine installation (One vessel) Turbine installation (two vessels) Data only for illustrative purposes. Time TP installation Turbine installation (Single vessel) Turbine installation (One vessel - exchanged) Turbine installation (2nd vessel to speed up) āœ“ Scale advantages Right vessel for the right job Switch vessel based on unexpected conditions Speed up projects Take on additional scopes and projects Reduce risk of delays and project slippage Increase business resilience
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