Slides
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9th of September 2025 DOF Group ASA – 2025 Capital Markets Day
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0 34 84 13 30 70 107 164 184 218 232 238 225 236 241 22 Content and presenters Introduction Mons Aase, CEO Strategy update and strategy in practice Mons Aase, CEO Dag Raymond Rasch, EVP Atlantic Brazil region – Operational and market update Mario Fuzetti, EVP Brazil North America – Operational and market update Marco Sclocchi, EVP North America Finance update Martin Lundberg, CFO
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0 34 84 13 30 70 107 164 184 218 232 238 225 236 241 Introduction Mons Aase, CEO FORMAT 1 FORMAT 2
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0 34 84 13 30 70 107 164 184 218 232 238 225 236 241 44 DOF is positioned for continued value creation 4 • DOF positioned as a one-stop shop for offshore project development and execution, combining a highly capable and versatile fleet with experienced project management and engineering teams • Company strategically positioned between pure asset-focused and subsea companies • Aim to be a global leader within mooring and IMR, a leading “tier 2” player for smaller SURF, and renewables ready • Invested in and built a global presence with operations and offices across six continents over the past 25 years • Through local presence and knowledge combined with a leading fleet of vessels within the AHTS and CSV segments, DOF is able to serve clients and capture business opportunities based on where the demand is highest • Cash flow generation supports sustainable returns to shareholders • Continued deleveraging with current amortisation profile – upside potential to increase distributions Shareholder returns Global reach Differentiated market position Strong financial position • Clear path to increased earnings in 2026 • Leverage of 1.8x NIBD / 2025G EBITDA Large and high- quality backlog • Strong contract coverage consisting of firm contracts with high-quality clients • Majority of contracts entered into in recent years at attractive terms • Backlog now exceeds USD 5bn when including recently won and sanctioned contracts
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0 37 84 107 164 184 218 232 238 225 236 241 55 Based on the audited consolidated annual accounts of the former DOF ASA for the period from 2016 -2021 and DOF Group ASA for 2022. Historical figures (2016-2022) are adjusted using the average USD/NOK rates. DOF at a glance 913 875 876 807 877 - 500 1.000 1.500 2.000 USDm ’16 ’17 ’18 ’19 ’20 ’21 ’22 ’23 ’24 LTM 1 045 1 116 1 265 1 513 1 757 Historical EBITDA split 0 100 200 300 400 500 600 700 USDm ’16 ’17 ’18 ’19 ’20 ’21 ’22 ’23 ’24 LTM 335 277 254 304 318 324 391 463 529 664 Global reach Key operating areas for DOF Employees per region An integrated offshore services company combining asset ownership and project engineering 40+ years operational history 771 vessels in fleet 6 operating continents USD 3.7bn backlog as of Q2 ’25 >5,700 employees Norway headquartered Vessels per region AtlanticNorth America South America Asia-Pacific Historical revenues 742 902 North America Asia- Pacific South America Atlantic 1 961 2 133 10 14 25 28 Asia- Pacific North America South America Atlantic Shipowning + subsea regions Norskan DOFCON JV 165 owned vessels, 4 vessels hired in and 8 vessels under management
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0 37 84 107 164 184 218 232 238 225 236 241 66 OFFSHORE SOULUTIONS DOF is an offshore service provider, vessel owner and operator 2022 figures are adjusted using the average USD/NOK rates. EBITDA excluding gain/loss. (1) Excluding chartered or under management per 30 June 2025. (2) Broker estimates as of 30 June 2025. Vessel owner & marine management Specialised subsea service provider Integrator of offshore services 328 368 392 517 2022 2023 2024 LTM Asset EBITDA 63 88 134 145 2022 2023 2024 LTM Subsea region EBITDA 2022 2023 2024 LTM Subsea region EBITDA Asset EBITDA 391 456 526 662 PROJECT MANAGEMENT Diving Engineering ROVsSurvey and Inspection A purpose built fleet and knowledgeable, dedicated core crews to support safe operations. End-to-end customised project delivery. A single point of access to all project resources including design and engineering, vessels and marine management. SPECIALIST FLEET AHTS and PSV fleet Construction fleet and subsea assets Skilled and dedicated personnel One-stop shop for offshore project development and execution 65 owned offshore vessels 77 ROVs and AUV equipment + 4 hired in offshore vessels Skilled workforce of ~2,000 dedicated project and subsea employees Combined company strategically positioned between pure asset-focused and subsea companies Offshore energy value chain
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0 37 84 107 164 184 218 232 238 225 236 241 77 Highly capable and versatile fleet Note: According to management reporting. IMR = Inspection, maintenance and repair. CSV = Construction support vessel. AHTS = Anchor handling tug supply vessel. ROV = Remotely operated vehicle. PSV = Platform supply vessel. 1) Based on average of 2 broker values per 30 June 2025. Excluding ROVs and subsea equipment; 2) DOF Group ASA has signed agreements to sell the Skandi Tender and Skandi Trader to an international buyer CSV 400t PLSV Cable layer 5 7 1 High-end AHTS vessels with cranes and ROVs capable of carrying out a wide range of subsea and offshore operations Predominantly used to transport cargoes and supplies to offshore drilling and production facilities Large subsea vessels with specialised subsea equipment, large cranes and ROVs, enabling execution of more complex operations and projects Subsea vessels with different crane capacities and ROV capabilities to match the different requirements across a large and diversified selection of IMR and subsea operations AHTS with ROV/crane PSVHigh-end subsea vessel IMR/CSV 4 13 4 ROV + crane ROV ROV capable 3 1 3 11 2 1 250t 200t 1 140-150t <140t 4 4 13 3 3 >1,000m2 <1,000m2 DOF Lease Deck sizeAHTS by equipment Crane capacityVessel type Subsea construction and installation Pipe and cable laying Selected clients # of vessels by category2 Key capabilities and markets Subsea oil & gas market Offshore wind market Supply market AHTS Standard AHTS vessels used to set anchors and tow for drilling rigs and wind turbines and equipment transport 7 AHTS Subsea construction and installation Saturation and air diving Towing and hook-up Offshore installation and construction SURF services IMR and ROV/AUV services (De)commissioning services IMR and ROV/AUV services Mooring and anchoring IMR and ROV/AUV services Towing and hook-up Mooring and anchoring Cargo, equipment and personnel transport Emergency support and standby % of broker value1,2 44% 21% 28% 4% 4%
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0 37 84 107 164 184 218 232 238 225 236 241 88 Large and high-quality backlog Large end of Q2 2025 backlog Significant backlog execution in 2025 H2 2025 ’26 ’27 ’28 ’29 and later 832 1463 1056 846 9862084 ’19 ’20 ’21 ’22 ’23 ’24 Q2 ’25 1793 1633 2100 1946 3254 5184 USD million USD million • ~ USD 1.1 billion order intake in Q2 2025 • After the balance date, the group has secured approximately USD 0.8bn order intake • In addition, Petrobras has sanctioned bids worth around USD 0.7bn • 82% of remaining mid-point revenue guidance for 2025 secured through confirmed backlog DOF excl. DOFCON DOFCON JV Additions after 30.06 Sanctioned (not signed) DOF exc. DOFCON DOFCON JV Additions after 30.06 Sanctioned (not signed) Historical backlog figures (2019-2022) are adjusted using year-end FX rates. 4488 (3x RSV + PIDF tender) (3x RSV + PIDF tender)
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0 37 84 107 164 184 218 232 238 225 236 241 FORMAT 1 FORMAT 2 Strategy update and strategy in practice Mons Aase, CEO Dag Raymond Rasch, EVP Atlantic
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0 37 84 107 164 184 218 232 238 225 236 241 1010 Current commercial & financial strategy High grade AHTS fleet Divest vessels with lower spec and invest in subsea equipment Optimise IMR/FSV fleet Seek opportunities to optimise the IMR/FVS fleet through special situations and chartering of 3rd party vessels De-risk the company and cyclicality Continue to pursue backlog Positioning for projects requiring more in countries requiring more Note: 1) Age distribution of DOF IMR/FSV fleet Sustainable finance – The target of reaching a sustainable financial position is achieved through the conversion of debt to equity in the 2022/2023 restructuring together with the market recovery, improved earnings, repayment of debt and most recently the refinancing. Expand Conventional Services – Continue to develop the business areas where we are already strong; IMR, Mooring, Light Construction, Light SURF. Grow Renewables – Establish DOF as a leading player within the areas of renewable energy related services that is complementary to the service offering within Oil and Gas. Building on the momentum and track record from the Hywind Tampen floating wind project. “New” commercial & financial strategic direction “How to get there” - strategic steps Financial Target net leverage ratio of 1.5 - 2.0x together with a sustainable quarterly dividend Mooring – global leader Leading position, competitive advantage, global reach, limited amount of players with full inhouse capacity (competence and fleet) IRM Service – global leader Well positioned, global reach, long contracts, less cyclical, material potential of added services and earnings SURF (Light) – leading “tier 2” position Track record with range of clients, “fit for purpose” fleet, fully utilise the earnings potential of the vessels, inhouse capabilities Renewables “ready” – positioned for future market Overlapping scopes with the oil and gas industry (mooring, towing, hook up and cable lay) Selective divestments Continue divestment of PSV fleet and other noncore vessels AHTS AHTS + crane 4 12 1 >18Y 12-18Y <12Y EBITDA by AHTS # CSV 50-250t1 2022 2024 Day rates 0.0x 1.0x 2.0x 3.0x 4.0x 2024 2025 2026 2027 2028 2029 Leverage ratio & dividends Commercial Continue to develop the position in the niche market between the local/regional suppliers and the global tier 1 subsea contractors balancing risk and return. Benefiting from strong track record, in - house capabilities, high-end fleet and high entry barriers for competition 10 6 2023 2024 # owned PSV Leverage ratio (RHS) Dividends Skilled workforce Attract & retain experienced and talented employees 2017 Q2 2025 3 126 5 738 # Employees
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0 37 84 107 164 184 218 232 238 225 236 241 Build on our reputation for a high-quality, flexible fleet, global operations, and integrated subsea services, to win new and repeat business in existing and emerging segments. TAILORED “Our market & operations” Our market and operations TAILORED Our expert team TALENTED Our sustainable financial platform TRUSTED 11 DOF’s strategy to deliver value: Our people and our purpose A talented team, a tailored service offering, and trusted financial foundations To create a workplace where people can apply skills, develop, and unlock their potential in an inspiring, physically and psychologically safe environment. TALENTED “Our expert team” OBJECTIVES Sustainable balance sheet that enables growth and opportunity. We will attract investment and continue to evolve. TRUSTED “Our sustainable financial platform”
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0 37 84 107 164 184 218 232 238 225 236 241 • DOF’s highly skilled offshore and onshore workforce is a key asset • Enables delivery of safe, reliable and efficient operations to clients • DOF has over the past 25 years invested in and built a global organisation consisting of a large degree of local employees in the respective regions • Fostering client relationships and understanding of local conditions 12 DOF’s strategy to deliver value: Our people and our purpose TAILORED TALENTED TRUSTED • DOF has a global presence with operations and offices across six continents • Through local presence and knowledge combined with a leading fleet of vessels within the AHTS and CSV segments, DOF is able to serve clients and capture business opportunities based on where the demand is highest • The result is less dependency on market conditions in a single geography and an ability to achieve strong terms and high utilisation through unmatched placing power • Strong deleveraging since the restructuring, reducing net debt from USD 1,466m in Q1 2023 to USD 1,368m in Q2 2025 despite acquiring DOF Denmark (adding USD 334m in net debt) • Balanced capital allocation strategy through focusing on long-term contracts, leverage target of 1.5-2.0x, regular dividends, a well invested fleet and a conservative approach to growth • Robust cash conversion through the cycle, with average free cash flow conversion of ~79% from 2019 to 20241 3.7x 2.8x 2.6x 2.1x Q1 20231 2023 2024 Q2 2025 Going forward 1.5-2.0x Employees per region NIBD/LTM EBITDA and equity ratio developmentVessels per region 10 14 25 28 Asia-Pacific North America South America Atlantic 742 902 North America Asia-Pacific South America Atlantic 1 961 2 133 43% 46% 22% 34% % Equity ratio
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0 34 84 13 30 70 107 164 184 218 232 238 225 236 241 1313 Putting the strategy to work: DOF Atlantic region at a glance Market positioning Selected key contracts in the region Organisation • Atlantic Region HQ is in Bergen, Norway, with regional offices in Scotland, Denmark, Angola and Ghana, and a branch office in Mauritania • Personnel include Marine Crew, Offshore Project Personnel (inc. Engineers, ROV and Survey), and Onshore Support, Project Management & Engineering • >1,200 Employees. Continued growth expected in 2026 • Highly focused on creating and maintaining a diverse, inclusive and equitable working environment at all on- and off-shore worksites B a c k l o g F l e e t 28 Vessels in Region Including CSVs, AHTS and PSVs O u t l o o k C u r r e n t DOF Subsea Atlantic is a leading provider of integrated vessel solutions in the North Sea and West Africa, to clients in the Renewables and Oil & Gas sectors Regional focus on Field Support Vessels, Decomm. and Construction, inc. SURF. Strong backlog securing utilisation of resources x20 inc. Skandi Inventor, Skandi Hugen, Skandi Vega, Skandi Iceman, Skandi Hera x5 inc. Skandi Seven, Skandi Installer, Skandi Forza, Skandi Master REM Inspector
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0 34 84 13 30 70 107 164 184 218 232 238 225 236 241 1414 IMR Update Equinor IMR Client Equinor Vessel REM Inspector Period June 2025 – Ongoing (firm 3 years, options to 2031) Operations Inspection, Maintenance and Repair (IMR) Area North Sea Water depth 70 – 1,500m Project Overview • The work includes subsea operations covering IMR activities throughout Equinor's assets on the Norwegian Continental Shelf. • DOF is delivering its full suite of project management, engineering, procurement and logistical solutions • DOF deployed the purpose- built IMR vessel M/V REM Inspector, which was equipped with DOF's MHS (Module Handling System) and 3 ROVs (Remotely Operated Vehicle) • DOF Subsea supports Equinor with an ongoing fully integrated IMR service Scope of Work
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0 34 84 13 30 70 107 164 184 218 232 238 225 236 241 1515 Efficient deployment of Skandi Inventor for projects “We brought Skandi Inventor into the Atlantic Region at short notice and successfully deployed her across a range of projects throughout the season, showcasing our ability to mobilise quickly, adapt to client requirements, and deliver reliable performance under dynamic conditions.” Emergency Export Cable Repair Polarled Connector Replacement WROV Services to Support Jacket Preparation • Transportation and install replacement of 220kV power cable • Excavation and recovery of damaged cable for onshore analysis • Safe deployment, repair and reburial of new cable sections with ROV survey Pipeline DisconnectionCable Repair Decommissioning • OCV and WROV services to support jacket preparation • Relocation of debris preventing excavator access to jacket piles • Cut back and removal of pipeline sections • Due to internal grouting of the piles, external cutting of the jacket leg piles below the natural seabed level required • Design, engineering, testing and fabrication of connector replacement tooling • Offshore execution retrieval of old connector and installation of new connector on Polarled Pipeline End Manifold (PLEM) at 1252 msw Dag Raymond Rasch EVP Atlantic Region
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0 34 84 13 30 70 107 164 184 218 232 238 225 236 241 1616 Emergency Export Cable Repair - Project Video (V2 1min 5sec) Video: Click for link (full length)
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0 37 84 107 164 184 218 232 238 225 236 241 Brazil region deep dive Mario Fuzetti, EVP Brasil FORMAT 1 FORMAT 2
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0 37 84 107 164 184 218 232 238 225 236 241 18 Offshore Support Vessels - Fleet Evolution in Brazil Source: Abeam report – June 2025
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0 37 84 107 164 184 218 232 238 225 236 241 19 Brazilian market and market dynamics SURF Mooring Decommissioning Description Main customers (across all segments) DOF positioning • The SURF market in Brazil is primarily for very large SURFs in very deep water comprising subsea facilities, flowlines and risers, flexible and rigid, and umbilicals • DOF is not positioned for large SURF projects • However, with a current shortage of assets and resources there is an opportunity to participate in sub-scopes and take on smaller projects in shallow waters with DOF’s high-end CSV fleet • Petrobras does moorings pre-set and hook-up via the long-term AHTS fleet, where DOF is a key player in the high-end segment • DOF vessels involved in all FPSO mooring scopes for Petrobras • Moorings in Brazil are mainly associated with FPSOs for large fields in deep and very deep waters • Decommissioning has been an expanding market in Brazil over the past few years, primarily for flowlines, riser, flexible, umbilical and moorings in the Campos Basin • Sensitive scope of disposal due to environmental risk and regulations has developed and matured substantially via specialist subcontractors • Some decommissioning is performed through the PLSV fleet for deepwater flexibles • Not a core market for DOF in Brazil currently given the stretched capacity of the fleet, but potential for growth into the segment in the future
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0 37 84 107 164 184 218 232 238 225 236 241 20 Strong market and very high activity. Several large tenders on-going AHTS New Build, SESV, MPSV/RSV and decommissioning being crucial for the region. Brazil Region – Operations High backlog and potential; 11 x long term contracts awarded, with potentially 4 more in 2025, adding 2 additional L-class AHTS by Feb-26. Potential PIDF • Negotiating 4 x RSV newbuilds in Brazil to Petrobras for 12 years contract • DOF’s current fleet of 23 high-end vessels in Brazil is market leading and expanding to 25 by Oct-25 and 27 by Feb- 26 and 29 by 1Q-2Q2026 B a c k l o g F l e e t C u r r e n t O u t l o o k Strong market position with long term contracts with Petrobras and MPSV/Survey contracts to 1st Tier SURF Contractors. 7 ROVs Skandi Ipanema Skandi Botafogo + ROV Skandi Fluminense + ROV Skandi Amazonas Skandi Iguacu + ROV Skandi Urca + ROV Skandi Paraty + ROV Fleet 1 – AHTS Skandi Rio + ROV Skandi Angra + ROV • Highly regarded, “One DOF” integrated team. Proud workforce, excited to contribute within the organisation • Developed AUV operation with local offshore team and onshore AUV data processing centre with local personnel only. DOF Brasil moving to be Global Data Processing Centre. • Diversified workforce (18% of the workforce are female) • Largest workforce in DOF Group. FTE 3rd Party Total (344 Onshore + 1,532 Offshore) 1,876 276 2,152 Skandi Mercury (Oct.25) Skandi Jupiter (Oct.25) Skandi Achiever (DSV) Skandi Carla Geoholm Stril Explorer Skandi Commander (AUV) Skandi Olympia Fleet 3 – IMR Skandi Salvador (MPSV) Skandi Chieftain 12 ROVs + 1 AUV Skandi Involver on TC Market positioning Assets
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0 37 84 107 164 184 218 232 238 225 236 241 21 DOFCON – Operations B a c k l o g High and long-term backlog F l e e t State of the art PLSV fleet. Potential extension of current contracts O u t l o o k C u r r e n t All 6 vessels have long term contracts with Petrobras with Skandi Buzios contract extended to Sep-26 after the fire incident Very positive with new long term 3-y contracts starting in 2025 for Skandi Niteroi and Skandi Vitoria, and mid 2026 for Skandi Acu with very attractive day rates. Skandi Vitoria & Niteroi Skandi Buzios Skandi Acu Skandi Recife Skandi Olinda 12 ROVs Fleet 2 - PLSV • Only 6 management employees directly allocated to the JV, 4 from DOF and 2 from TechnipFMC • Norskan is responsible for the marine operations for the vessels and TFMC is responsible for the pipelay operations • The JV has a Steering Committee and a Finance Committee with 50/50 participants from DOF and TechnipFMC. All commercial and financial decisions are taken in the committees Vessel Flag Built Size (laytower1) Firm contract period end Skandi Açu 2016 650 H2 2029 Skandi Buzios 2016 650 H2 2026 Skandi Niterói 2011 270 H2 2028 Skandi Olinda 2019 340 H2 2027 Skandi Recife 2018 340 H2 2026 Skandi Vitória 2010 350 H2 2028 Market positioning Assets
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0 37 84 107 164 184 218 232 238 225 236 241 2222 DOF’s capabilities and position in Brazil Key capabilities DOF’s position ✓ Vessel Management & Operations ✓ ROV & AUV Operations & Services ✓ Survey & Positioning internal & 1st Tier Contractors ✓ IMR Projects (PIDF- Flexible Lines and Equipment inspection plan) ✓ Mooring Operations ✓ Integrated Subsea Services ✓ Sat Diving Vessel Operation & & Shallow diving Services ✓ Flexible Pipelay Vessels Operation & Service (JV DOF/TFMC) ✓ Decommissioning Projects ✓ Subsea Engineering (Continuous Development) ✓ Seismic cables & OBN Installation #1 High-end vessel owner & operator in Brazil ROV and S&P services onboard of 14 vessels (DOF only), 130 plus surveyors & data processing team Largest PLSV long term fleet in Brazil / JV with TFMC (6 out of 17 – PB Long Term Fleet) Only Sat DSV currently in Brazil (Skandi Achiever) New PB Contract as RSV/MPSV Largest AHTS-R Fleet in Brazil
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0 37 84 107 164 184 218 232 238 225 236 241 23 Brazil Region – Major awards so far in 2025 Q4 2025Q1 2025 Q2 2025 Q3 2025 Skandi Angra Petrobras AHTS+R 4 years Q1-26 Vessel Client Delivery Duration Commencement Skandi Paraty Petrobras AHTS+R 4 years Q1-26 Skandi Urca Petrobras AHTS+R 4 years Q1-26 Skandi Iguaçu Petrobras AHTS 4 years Q1-26 Skandi Logger Petrobras AHTS 4 years Q1-26 Skandi Lifter Petrobras AHTS 4 years Q1-26 Skandi Fluminense Petrobras AHTS+R 4 years Q1-26 PIDF addendum Lots A, B, C Q3-25 -> Q1-26 Skandi Achiever + survey package Tier 1 contractor SURF project support Q2-25 -> Q4-25 Skandi Achiever Petrobras RSV (2 ROV) 4 years Dec-25 Skandi Carla Petrobras RSV (1 ROV) 4 years Dec-25 Geoholm Petrobras RSV (2 ROV) 4 years Dec-25 Skandi Salvador Petrobras RSV (2 ROV) 4 years Q1-26
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0 37 84 107 164 184 218 232 238 225 236 241 24 Brazil Region – Potential prospects 2025 (incl. sanctioned contracts) Q4 2025Q1 2025 Q2 2025 Q3 2025 Vessel Client Delivery Duration Commencement RSV (80t) newbuild tender Petrobras 4 vessels 12 year contracts 4+ year delivery PIDF 2025 Petrobras Inspection services (3 vessels) 3 years Q1-26 Sanctioned Skandi Commander Petrobras RSV (1 ROV) 4 years Q4-26 Sanctioned Skandi Olympia Petrobras RSV (1 ROV) 4 years Q4-26 Sanctioned Skandi Chieftain Petrobras RSV (1 ROV) 4 years Q4-26 Sanctioned “Spot” work Farm-outs from PIDF Geoholm & Skandi Salvador 2 – 8 weeks Q3-25 → Q4-25
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0 37 84 107 164 184 218 232 238 225 236 241 2525 Update on contract awards in Brazil • 11x 4-year contracts with Petrobras announced to date from the AHTS and RSV tender processes • A further 3 RSVs are now classified as “Sanctioned” by Petrobras, only awaiting final signatures • Total contract value in excess of USD 1.4bn for the 11 contracts that have been signed • Expected commencement on the announced contracts ranges from December 2025 to February 2026 • The vessels assigned to the contracts will need to undergo various degrees of upgrading in order to meet the specifications of the contracts • Vessels not already working in Brazil (i.e. Skandi Logger and Skandi Lifter) require the most comprehensive upgrades • Potential for a 15th contract award in relation to the tender process Comments Signed and announced Sanctioned
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0 37 84 107 164 184 218 232 238 225 236 241 2626 Aggregate EBITDA Capex Mobilisation cost EBITDA - capex - mobilisation cost ~750 AHTS & RSV tender – EBITDA & rate development (1) (One-off contractual investment / investment) * 12 months Aggregrate EBITDA and investment on RSV & AHTS contracts Day rate development on AHTS Average 5x Norskan AHTS day rate Signed 2022 Recently announced +38% • The 11 awarded and 3 sanctioned vessels are expected to generate approximately USD 750 million in aggregate EBITDA over the 4-year hire periods • To be contract compliant, the vessels require upgrades and mobilisations with a payback of roughly 6 months • The largest capex related to single vessels is for the L-class vessels, where the upgrades will improve capabilities and increase asset value. • Significant day rate increase on recently announced and sanctioned contracts compared to previous long-term charter with Petrobras. One-off contractual investments
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0 37 84 107 164 184 218 232 238 225 236 241 2727 Status for the fleet in Brazil – expanding in 2025 and 2026 Notes: 1) Refers to contracts entered into under the recent AHTS and RSV tender process in 2025 Brazil contract coverage ex. DOFCON JV, inc. vessels related to confirmed and sanctioned contacts1 Vessel name Type H2 2025 2026 2027 2028 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Norskan Skandi Amazonas AHTS Skandi Ipanema AHTS Skandi Rio AHTS Skandi Botafogo AHTS Skandi Angra AHTS Skandi Fluminense AHTS Skandi Iguaçu AHTS Skandi Paraty AHTS Skandi Urca AHTS DOF Shipowning Skandi Lifter AHTS Skandi Logger AHTS Skandi Salvador CSV Skandi Achiever CSV Geoholm CSV Skandi Carla CSV Skandi Olympia CSV Skandi Chieftain CSV Skandi Commander CSV Skandi Involver CSV Stril Explorer CSV PIDF Vessel #2 PIDF Vessel #3 Skandi Mercury AHTS Skandi Jupiter AHTS Firm contract New firm contract1 Tender process (sanctioned) Option Q4 2030 Q4 2029 Q4 2029 – Q1 2030 H2 2029 PIDF 2023 PIDF 2023 PIDF 2023 On management (not owned) On management (not owned) Hired in (not owned) TC to MSS Brazil
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0 37 84 107 164 184 218 232 238 225 236 241 28 PIDF contracts – scope of work Inspection type PIDF 123 Period 2021 - 2024 PIDF-1 & PIDF-SCC-1 Pipelines & in field connections up to TDP PIDF-2 & PIDF-SCC-2 Risers up to 20m water depth PIDF-3 Risers @ waterline Subsea Equipment SASMIC PIDF-5 PIDF-1 & PIDF-2 with geodesic positions IDEC Inspections Connectors’ bolts integrity check ISEC Inspections Simplified inspection in connectors’ bolts integrity check PIDR-2 Inspections Rigid risers up to 20m water depth PIDR-3 Inspections Rigid risers @ waterline Flexjoint Inspections PIDR connector inspection IDBS Bell mouth inspection PIDF-8 & PIDR-8 Differentiated Inspections in pipilines (flexible & rigid) RTI Techinical recomendation inspection PIDF 2023 2024 - 2026 PIDF 2025 2026 - 2029 ✓ . ✓ . Sanctioned
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0 37 84 107 164 184 218 232 238 225 236 241 29 PIDF contracts - overview All Lots (Lot D) Northernmost Unit CVIT Platform 59 inspections 10 trips “Southernmost” Unit Merluza 8 Inspections 4 trips 480 nm Oslo - Berlin ✓ . ✓ . Sanctioned
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0 37 84 107 164 184 218 232 238 225 236 241 30 Petrobras Business Plan 2025 - 2029 Notes Projects under study: 6, including Buzios 12, Revit of Tupi and Mero 5 Pre-salt not operated Post-salt Source: Petrobras Business Plan 2025 - 2029 2024 2025 2026 2027 2028 2029 2030+ Pre-salt not operated Post-salt
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0 37 84 107 164 184 218 232 238 225 236 241 31 Petrobras Decommissioning Plan 2025 - 2029 Fixed Platforms - - 4 5 0 50 Floating Units 3 4 2 0 2 8 Pull Outs 271 130 98 109 105 Flexible Lines (km) 638 148 444 429 799 P&A Support 44 73 82 81 55 2025 2026 2027 2028 2029 After 2029 Source: Petrobras Business Plan 2025 - 2029 Wells Equipment
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0 37 84 107 164 184 218 232 238 225 236 241 3232 Other oil companies are also active in Brazil Source: Equinor webpage, Total webpage, BW Energy webpage, Shell webpage Selection of ongoing and upcoming non-Petrobras projects Project name Company Category Contractor Execution period Bacalhau Equinor SURF Subsea7 / OneSubsea 2024 – 2025 Raia Equinor SURF TechnipFMC 2028 Atlanta/Papa-Terra Brava SURF Seagems (Sapura) 2025 Lapa SW/NE Total SURF Saipem TechnipFMC 2023 – 2025 Maromba BW Energy SURF TBD 2027 – 2028 Gato do Mato Shell SURF Bids: 2025 2027 / 2028 Boris & Cobra + Bravo Trident SURF Bids: 2025 2026 – 2027 Subsea Decomm. Trident Decomm. Not awarded yet 2026 / 2028
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0 37 84 107 164 184 218 232 238 225 236 241 33 Our people in Brazil – development initiatives Women Leadership Program • Internal program to develop and speed the process to have more women in Leader's position. Program has meetings with an external consultant and inspiring women talking about their careers. Tuition Programs Innovation and Recognition Program Mentoring Program with Dream Learn Work • More than 60 projects received since 2019 (onshore and offshore) and reward more than 15 • The recognized offshore projects were implemented to the fleet • More than 80 students being prepared for future positions Marine Officers 28 Electricians 4 Subsea Trainees ROV 35 Survey 15 Non Marine TST 5 TOTAL 87 • DOF Ambassadors mentoring young people from the outskirts about their professional future and career
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0 37 84 107 164 184 218 232 238 225 236 241 34 Outlook - DOF Brasil ➢ All time record backlog added in 2025 ➢ Majority of the local fleet booked to end of decade ➢ Workforce growing – trainees programs expanding ➢ Continuously high tendering activities – Petrobras, IOCs, Local Operators and 1st tier contractors ➢ Local O&G Market continues to be healthy and promising for future mid/long term in deepwater, with decommissioning projects increasing. ➢ Equatorial Margin exploration license just released by IBAMA Petrobras – Decommissioning EPRD / Portfolio 2 • Due: October 2025 • Duration: Up to 3y Petrobras SESV 2025 • Due: October 2025 • Duration: 4 years • Mob: Aug 2027 Petrobras AHTS New Build • Due September 2025 (to be extended) • 2 x vessels BR built • Delivery: 5 - 5.5 years • Duration: Lots 8 – 10 – 12 years Trident – RSV Inspection & Cleaning • Due: September 2025 (may be extended) • Mob: 2Q / 4Q2026 • Duration: 2 years Petrobras – Surf Sepia 2 “Bid to Bid” / 1 st tier contractors Petrobras – several other tenders ongoing • PSVs • SDSV • W2W Current tenders
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0 37 84 107 164 184 218 232 238 225 236 241 FORMAT 1 FORMAT 2 North America region deep dive Marco Sclocchi, EVP North America
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0 37 84 107 164 184 218 232 238 225 236 241 3636 North America region at a glance Market positioning Regional Fleet Organisation • HQ in Houston, Texas, self-sufficient office in St Jones, Canada and logistic office in Guyana • Personnel include Marine Crew (CA) , Offshore Project Personnel (inc. Engineers, ROV and Survey), and Onshore Support, Project Management & Engineering • 550 Employees. Steady growth expected in 2026 • Highly focused on Management and Engineering to expand into integrated Service for key market Segment (FSV Mooring, SURF, Decomm, LWI) B a c k l o g F l e e t 14 Vessels currently in the Region, including 2 3rd Party (JAC/Guyana) + 1 incoming newbuild in CAN 2027 O u t l o o k C u r r e n t DOF North America is recognized for its capability to provide both vessels and integrated vessel solutions. Growing our footprint responding to Client’s needs with the Expanded Fleet (FSV, Mooring, SURF, Decomm, LWI) Long Term backlog in Canada Year by year backlog in Guyana Project in US, TT, Mex Havila Phoenix Skandi Skansen Skandi Constructor Skandi Implementer Skandi Nomad Skandi Cutter Skandi Mariner Skandi Nexus Skandi Clipper Skandi Mobiliser Skandi Mover Skandi Vinland Chloe Candies x7
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0 37 84 107 164 184 218 232 238 225 236 241 3737 DOF Subsea North America since incorporation DOF Subsea North America key events 2005 2010 2017 2024 Establishment DOF Subsea enters the North America region in 2005 through the acquisition of Century Subsea First projects on DOF vessels Started executing projects on DOF vessels Skandi Vinland The newbuild Skandi Vinland is delivered and commencse a firm 10- year contract with Cenovus Acquisition of DOF Denmark Increased scale, vessel capacity and talent through the acquisition of DOF Denmark Entering Guyana 3-year FSV contract award for two vessels with Exxon in Guyana, supporting the growing subsea infrastructures in the Stabroek Block. 2022 - 2023 Mar-2025 Mover & Mariner New long-term charters commenced for Skandi Mover and Skandi Mariner in Canada, bringing the total number of vessels in the region to 13| Feb-2025 Skandi Implementer Brought over to the DOF business model following termination in Mexico, taking on a number of projects in the region 2013 First Jones Act vessel Chartered the first Jones Act vessel against 2 FSV awards
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0 37 84 107 164 184 218 232 238 225 236 241 3838 DOF Subsea North America have grown significantly the last years (1) No asset earnings included Fleet development Financial development (subsea region only1) 3 4 6 11 14 2016 2017 2023 2024 Q2 2025 156 202 281 275 13 23 38 44 2022 2023 2024 LTM • Skandi Vinland delivered in 2017 and commenced a 10-year contract with Cenovus • Both Skandi Constructor and 3rd party vessel Havila Phoenix transited from the North Sea to Guyana to support Exxon at the Stabroek block • Addition of DOF Denmark, adding several AHTS on long-term charter in Canada and the CSV Skandi Implementer, a project vessel currently operating in the North America region • In recent years, increased activity and expanded fleet capacity have driven higher revenue for the North America subsea region (ex. vessels and ROV earnings) • Alongside top-line growth, the region has achieved significant margin uplift in recent years 8% 11% 13% 16% Revenue EBITDA EBITDA margin %
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0 37 84 107 164 184 218 232 238 225 236 241 3939 Regional Market & Dynamics Conventional (Oil & Gas) Renewables Steady Market Growth High Growth Potential Steady Market Growth Slow Growth Potential Jones Act & Tie-back ExxonMobil 2030 TargetFSV, OSV Focusing on replacing production with tie-back, life extension and well enhancement on extending facilities. In general see two major capex projects per year Steady Market Growth New frontier Steady Market Growth Slow Market Growth LNG need more gas Selectively open for business US Administration 4 Fields producing 3 in developments 4 in planning 11 FPSO expected with 300 subsea Well + Gas (One operator) Waiting for Equinor’s Bay do Nord project White Rose tie-backs ongoing Charters secured in 2025 - 2027 TotalEnergies will be the first development by 2028, more drilling is encouraging following developments DOF’s ambition in the North America region is to be a solution provider to the operators for both marine and subsea services New administration is open for business Woodside is 1st deepwater project ENI and other independents growing in shallow Few project are ongoing taking the key JAC tonnage available. Potential for service contracts Operators are adding new Capital project and increased IMR days to support production
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0 37 84 107 164 184 218 232 238 225 236 241 4040 Canada has become an important area for DOF (incoming 2027) • DOF Denmark has brought considerable increased scale to DOF’s operations in Canada • Currently 7 vessels on long-term contracts in Canada • Two M-class AHTS vessels from the DOF Denmark fleet commenced their new long-term contracts during Q2-25, and are currently working on the tow-out of the West White Rose concrete gravity structure • Recent 3-year contract extension for Skandi Cutter • One newbuild to be delivered in 2027 to commence a 15-year contract for the West White Rose field Keel-laying ceremony for the SeaDragon newbuild SeaDragon newbuild Skandi Vinland Skandi Mariner Skandi Mover Skandi Mobiliser Skandi Clipper Skandi Cutter Skandi Nexus
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0 37 84 107 164 184 218 232 238 225 236 241 4141 [Strong position in Guyana and growth potential in adjacent areas Skandi Skansen Skandi Nomad Skandi Constructor Havila Phoenix • DOF currently has three long-term contracts in Guyana for Skandi Constructor, Skandi Nomad and Havila Phoenix • Under the contracts, the vessels provide field support including IMR services, well intervention support and light subsea construction activities for the Stabroek Block offshore Guyana • Skandi Skansen is currently also in the area to assist in the mooring of a new FPSO • Trinidad and Tobago and Suriname represent areas with potential for growth and additional opportunities
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0 37 84 107 164 184 218 232 238 225 236 241 4242 DOF in Guyana – FSV services DOF for ExxonMobil Guyana MANHOURS ~5.3 Approximately 5.3 Million man-hours with 50,000 manhours onshore on the contract to date Project CALL OFFs 4 FPSO Install Support, Flushing/ jumper removal, Umbilical replacement, Gas to shore Jumpers Install VESSELS 3 Skandi Skansen/Constructor, Havila Phoenix and Skandi Nomad working from Nov 2022 Subsea Hardware Installed 158 Both for Drilling support and Post-first oil development, and includes Tubing Hangers, Tree, Jumpers, FLs and Chokes LTIs Zero There have been zero LTI’s during this contract Subsea Line Inspetion & Photometry 242 37 High-Definition Flowlines Inspection (Liza, Liza Deep, Payara), including PLEM 3D photometry Contracted for vessel and ROV support, but immediately expanding into • Project Management and Engineering Services • Intervention at-hoc tooling solution • Specialized Survey & Inspection
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0 37 84 107 164 184 218 232 238 225 236 241 4343 Deepwater Mooring & Hook-up DOF has been able to secure and execute Mooring installation, hook-up support and riser recovery projects in the region in the past 4 years with the Skandi Skansen • Murphy Oil - King’s Key in 2021 • ExxonMobil – Hoover Mooring Upgraded in 2022 • SBM FPSO Heading support in 2023 • LLOG Salamanca in 2025 Skandi Skansen
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0 37 84 107 164 184 218 232 238 225 236 241 4444 Skandi Implementer kept busy in the region following termination in Mexico • DOF terminated the contract for Skandi Implementer with a client in Mexico in January 2025 following payment default • The vessel was in February fitted with two of DOF’s ROVs to advance the vessel into the subsea project business in line with the strategy to add subsea service scopes on the DOF Denmark fleet • Two contracts for subsea construction projects for two international oil companies were announced in February • Subsequent project work consisting of short-term engagements has kept the vessel working in the region Projects Overview ExxonMobil - Marshall & Maddison Decomm • Hot tapping, Subsea and Coil Tubing Flushing, Subsea Hardware recovery • 60 days with 2.2 days NPT Bp – Argo West Subsea Construction • 2 Subsea Manifold and 2 Jumpers Installed • 30 days, max lift 260t eni – Allegheny Risers Strike Installation • 2 Subsea Manifold and 2 Jumpers Installed • 30 days, max lift 260t Talos – Well & Umbilicals testing • IWOCS & testing Support • ROVs and Survey mobilized in Bahamas and testing in transit to Port Aransas (5 days) • The projects have met the clients’ needs and reinforced DOF’s capability in managing complex offshore projects Key highlights
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0 37 84 107 164 184 218 232 238 225 236 241 Finance update Martin Lundberg, CFO FORMAT 1 FORMAT 2
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0 37 84 107 164 184 218 232 238 225 236 241 4646 Strong financial development Note: According to management reporting. Based on the audited consolidated annual accounts of the former DOF ASA for the period from 2016 -2021 and DOF Group ASA from 2022 • Stable EBITDA margins through different economic cycles • The increased revenue is mainly driven by subsea projects. DOF Subsea represent on average more than 75% of the Group EBITDA the last four quarters • Further reducing debt and leverage after the financial restructuring in 2023 • Increased debt in Q4 2024 due to the acquisition of DOF Denmark Operations and debt development Comments 0 20 40 60 80 100 0 100 200 300 400 500 600 USDm EBITDA margin % Q4 2017 Q2 2018 Q4 2018 Q2 2019 Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 Q2 2022 Q4 2022 Q2 2023 Q4 2023 Q2 2024 Q4 2024 Q2 2025 500 1,000 1,500 2,000 2,500 3,000 USDm Q4 2018 Q2 2019 Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 Q2 2022 Q4 2022 Q2 2023 Q4 2023 Q2 2024 Q4 2024 Q2 2025 IBD NIBD EBITDA margin % Operating revenue EBITDA (excl. gain/loss)
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0 37 84 107 164 184 218 232 238 225 236 241 4747 New USD 150m senior unsecured bond placed in early September Simplified pro forma transaction structure Pro forma capitalisation USD 150m senior unsecured bond DOF Group ASA (Norway) (Issuer) DOF Subsea AS (Norway) Norskan AS (Norway) DOF Management AS (Norway) DOFCON JV (Norway/Brazil) USD 254m debt 6 vessels 50% DOF Offshore Holding AS (Norway) DOF Shipowning2 (Norway/Denmark) USD 997m debt USD 10m lease debt 49 vessels3 Management/operating companies Vessel owner Holding companies Norskan Offshore (Brazil) USD 413m debt USD 1m lease debt 9 vessels DOF Subsea Regions4 (Various) USD 91m lease debt 1 vessel USDm Q2 2025 Adj. Pro forma DOF Shipowning bank debt5 997 997 Norskan international debt 77 (77) - Norskan BNDES debt 413 - 413 Leases6 101 - 101 DOFCON debt (50%) 254 - 254 New unsecured bond - 150 150 Interest bearing debt 1,842 73 1,915 Cash and cash equivalents 396 73 469 Receivable sub-leases 77 - 77 Net interest-bearing debt 1,368 - 1,368 RCF (undrawn) 50 - 50 Available liquidity 446 73 519 Key terms of the bond issue Initial Issue Amount: USD 150m Maximum Issue Amount: USD 250m Tenor: 5 years Interest Rate: 8.125% p.a., payable semi-annually in arrears Financial Covenants: (i) Cash and Cash Equivalents of minimum USD 100m, (ii) Leverage Ratio of less than 3.5x, (iii) Positive Working Capital Incurrence Tests: • Distributions: (i) Leverage Ratio less than 2.50x, (ii) Cash and Cash Equivalents of minimum USD 150m; • Debt incurrence (which is subject to Incurrence Test): Leverage Ratio less than 2.75x Comments • Transaction timeline accelerated due to strong interest • Books covered multiple times at final pricing • Broad investor engagement with more than 60% of demand from non-Nordic investors
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0 37 84 107 164 184 218 232 238 225 236 241 4848 Pro-forma maturity profile of existing debt as of Q2 2025 Note: Excluding leases in subsea regions Maturity profile before and after bond issue & use of proceeds 0 100 200 300 400 500 600 700 800 USDm H2 2025 ~USD 70m 2026 2027 2028 2029 2030 > 2030 H2 2025 2026 2027 2028 2029 2030 > 2030 DOF Shipowning (USD 1,007m total) Norskan BNDES (USD 413m total) DOFCON 50% basis (USD 254m total) Norskan Internantional (USD 78m total) Bond (USD 150m) Norskan International debt of ~USD 78m fully repaid through use of bond proceeds USD 150m bond maturing in in H2 2030 • Norskan International debt of around USD 78m matures within the next 4 months, including a balloon payment of c. USD 70m in Jan. 2026. • Proceeds from the bond will be used to repay Norskan’s International debt, extending the maturity profile, with no significant maturities until 2030. Pre bond issue Post bond issue
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0 37 84 107 164 184 218 232 238 225 236 241 4949 SeaDragon newbuild financing update • Ongoing process to finance the SeaDragon newbuild • To be structured as a private placement of senior secured fixed rate notes • Attractive terms given investment grade counterparty (charterer) • Issuer to be a special purpose vehicle (SPV) in a ringfenced structure with non-recourse debt • Positive cash flow to allows for dividends while fully amortising the debt to zero within the duration of the firm 15-year contract • The construction of the vessel is progressing according to schedule, meaning delivery planned in the first half of 2027 and commencement of its 15-year contract in Canada shortly after delivery Financing & structure update Simplified structure DOF Group ASA Canadian wholly owned subsidiary Canadian SPV (vessel owner) Senior Secured Notes Dividends ~100% of newbuild cost Charterer Principal and interest Vessel hire payments Ringfenced financing structure Vessel and services For illustrative purposes only
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0 37 84 107 164 184 218 232 238 225 236 241 5050 Clear path to EBITDA uplift in 2026 Illustrative 2025 → 2026 EBITDA bridge Comments 2025 guidance AHTS RSV CSV & PLSV Illustrative 2026 EBITDA Project contribtuion (vessels and regions) USD 740-770m Not to scale • Based on firm backlog related to new contracts commencing and rate adjustments in certain existing contracts, many vessels are projected to see an increase in EBITDA for 2025 compared to 2026 • AHTS: New long-term contracts for 10 vessels (including 2 vessels with start up during 2025) • RSV: New long-term contracts in Brazil • CSV & PLSV: Uplift in rates on existing and new contracts • On aggregate, this provides a clear path to an overall uplift in 2026 vs 2025 EBITDA for DOF • Main swing factor relates to project vessel utilisation and related earnings in the subsea regions
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0 37 84 107 164 184 218 232 238 225 236 241 5151 Current backlog provides solid earnings visibility for years to come Backlog per Q2 including additions & sanctions compared to scheduled debt service & maintenance capex 846 1 455 1 056 Backlog including sanctions Mandatory debt amortisation Scheduled interest cost Maintenance capex Mandatory debt service & maintenance capex as % of backlog 2026 2027 2028 28% 37% 44% For illustrative purposes
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0 37 84 107 164 184 218 232 238 225 236 241 5252 2.1x H2 2025 2025 2026 2027 2028 2029 1 368 Upside potential to dividend capacity from continued deleveraging Illustrative NIBD development Comments 1.5x – 2.0x EBITDA range based on 2025G EBITDA • Illustrative example assuming: o EBITDA kept stable at 2025G with corresponding tax payments o Debt amortised to schedule with corresponding interest payments o Maintenance capex to keep the fleet in good condition o Dividend payments at the same level as paid in Q3-25 (USD 0.3 per share, annualised) • The example showcases that deleveraging is set to continue with those assumptions, indicating a distinct upside potential in dividend payments in the future to stay within the 1.5x – 2.0 NIBD/EBITDA target leverage range Dividend upside potential NIBD (USDm)NIBD/EBITDA
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0 37 84 107 164 184 218 232 238 225 236 241 5353 Clear path to EBITDA uplift in 2026 Upside potential to dividend capacity from continued deleveraging Current backlog provides solid earnings visibility for years to come Shareholder returns to be prioritised Strong financial foundation for increased shareholder returns • The current backlog consisting of long-term and high- quality commitments provides strong earnings visibility for the years to come • Clear path to a sustained positive trajectory for EBITDA in 2026 compared to 2025 through contracted earnings uplifts on a broad range of vessels • The current amortisation profile for the company’s debt would imply a rapid deleveraging from today’s level, assuming flat EBITDA at 2025 level and Q2-25 dividend annualised • Upper end of the targeted 1.5 – 2.0x NIBD/LTM EBITDA range is comfortable given current visibility and backlog • There is thus a substantial potential for shareholder returns beyond today’s run-rate allowed by maintaining the target leverage for the company
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5454 DOF is positioned for continued value creation 54 • DOF positioned as a one-stop shop for offshore project development and execution, combining a highly capable and versatile fleet with experienced project management and engineering teams • Company strategically positioned between pure asset-focused and subsea companies • Aim to be a global leader within mooring and IMR, a leading “tier 2” player for smaller SURF, and renewables ready • Invested in and built a global presence with operations and offices across six continents over the past 25 years • Through local presence and knowledge combined with a leading fleet of vessels within the AHTS and CSV segments, DOF is able to serve clients and capture business opportunities based on where the demand is highest • Cash flow generation supports sustainable returns to shareholders • Continued deleveraging with current amortisation profile – upside potential to increase distributions Shareholder returns Global reach Differentiated market position Strong financial position • Clear path to increased earnings in 2026 • Leverage of 1.8x NIBD / 2025G EBITDA Large and high- quality backlog • Strong contract coverage consisting of firm contracts with high-quality clients • Majority of contracts entered into in recent years at attractive terms • Backlog now exceeds USD 5bn when including recently won and sanctioned contracts
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0 37 84 107 164 184 218 232 238 225 236 241 55 DISCLAIMER This presentation by DOF Group ASA is designed to provide a high-level overview of aspects of the operations of the DOF Group. The material set out in the presentation is current as of 9 September 2025. This presentation contains forward-looking statements relating to operations of the DOF Group that are based on management’s own current expectations, estimates and projections about matters relevant to DOF Group ASA‘s future financial performance. Words such as “likely”, “aims”, “looking forward”, “potential”, “anticipates”, “expects”, “predicts”, “plans”, “targets”, “believes” and “estimates” and similar expressions are intended to identify forward-looking statements. References in the presentation to assumptions, estimates and outcomes and forward-looking statements about assumptions, estimates and outcomes, which are based on internal business data and external sources, are uncertain given the nature of the industry, business risks, and other factors. Also, they may be affected by internal and external factors that may have a material effect on future business performance and results. No assurance or guarantee is, or should be taken to be, given in relation to the future business performance or results of the DOF Group or the likelihood that the assumptions, estimates or outcomes will be achieved. While management has taken every effort to ensure the accuracy of the material in the presentation, the presentation is provided for information only. DOF Group ASA , its officers and management exclude and disclaim any liability in respect of anything done in reliance on the presentation. All forward-looking statements made in this presentation are based on information presently available to management and DOF Group ASA assumes no obligation to update any forward looking- statements. Nothing in this presentation constitutes investment advice and this presentation shall not constitute an offer to sell or the solicitation of any offer to buy any securities or otherwise engage in any investment activity. You should make your own enquiries and take your own advice (including financial and legal advice) before making an investment in the company's shares or in making a decision to hold or sell your shares.
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0 37 84 107 164 184 218 232 238 225 236 241 5656