Slides
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PARETO SECURITIES’ ANNUAL ENERGY CONFERENCE SEPTEMBER 2025
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This presentation by Scana ASA is designed to provide a high -level overview of aspects of the operations of Scana ASA. The material set out in the presentation is current as of 10 September 2025. This presentation contains forward-looking statements relating to operations of Scana ASA that are based on the management’s own current expectations, estimates and projections about matters relevant to Scana ASA’s future financial performance. Words such as «likely», «aims», «looking forw ard», «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, estimate s and outcomes, which are based on internal business data and external sources, are uncertain given the nature of the industry, business risks, and other factor s. 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 Sc ana ASA or the likelihood that the assumptions, estimates or outcomes will be achieved. Scana ASA’s divisions engages in project activities which means that significant fluctuations in sales and order intake from qua rter to quarter can be expected. While management has taken every effort to ensure the accuracy of the material in the presentation, the presentation is provided fo r information only. Scana 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 Scana AS A assumes no obligation to update any forward looking-statements. Nothing in this presentation constitutes investment advice and this presentation shall not constitut e 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 investmen t in the company’s shares or in making a decision to hold or sell your shares. 2 DISCLAIMER SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE
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3 Visit Scana’s website to learn more: www.scana.no INDUSTRIAL HISTORY SOLUTIONS FOR TOMORROW
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FINANCIAL PERFORMANCE 4SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE EBITDA 17 71 181 261 0 50 100 150 200 250 300 FY 2021 FY 2022 FY 2023 FY 2024
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403 MNOK HIGHLIGHTS – Q2 2025 5 396 MNOK 1174 MNOK 8 MNOK REVENUE EBITDA ORDER BACKLOGORDER INTAKE 23 MNOK ADJ. EBITDA* *) EBITDA less adjustments related to identified cost or revenue that are excluded to improve comparability of the underlying business performance between periods. 20 AUGUST 2025 SECOND QUARTER RESULTS 2025 1 074 1 135 1 008 1 166 1 174 479 492 329 524 403 0 100 200 300 400 500 600 700 0 200 400 600 800 1 000 1 200 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Order backlog Order intake
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FINANCIAL PERFORMANCE 6 *) EBITDA less adjustments related to identified cost or revenue that are excluded to improve comparability of the underlying business performance between periods. SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE 545 436 448 368 396 80 57 26 -7 8 87 64 50 4 23 0 100 200 300 400 500 600 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Revenue EBITDA EBITDA adjusted*
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368 396 4 23 -25 -7 Q1 Q2 Revenue Adj. EBITDA Adj. EBIT 7 FOCUSED ACTIONS Cost-reduction measures: > 60 million NOK yearly reductions, 10% reduced group headcount. Capping stack assembly is finalized and commercialization phase initiated. Reset of strategic review for PSW Power & Automation. Strengthened financial performance Q1 Q2 SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE
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PORTFOLIO COMPANIES DRIVING GROWTH c
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9SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE ENERGY STORAGE ENERGY CONTROL SHORE POWER ENERGY MODULES
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SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE 10 ENERGY STORAGE SOLUTIONS
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SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE 11 SHORE POWER SOLUTIONS
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SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE 12 CUSTOMIZED E-HOUSE PROJECTS
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13SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE NEW ORDER THIS WEEK Contract for emergency power modules to data center terminals. Awarded under a framework agreement signed in Q4 2024.
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14SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE OFFSHORE SUBSEA & WELL EQUPMENT BOP TEST CENTRE MAINTENANCE
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15SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE FRAME AGREEMENT | EQUINOR Scope: Electrical services, mechanical maintenance, tank maintenance and welding and sludge services Awarded: January 2023 (3-year contract with 2 options of 3-years) First option rewarded: 12 March 2025 High activity period; turnaround headcount 220pax
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16 INCREASED FOCUS Prefabrication Frame agreements SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE
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17SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE Supplier of sophisticated and reliable mooring solutions to floating structures; project management, engineering, fabrication and installation.
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18 SEPTEMBER 2025 PARETO SECURITIES' ANNUAL ENERGY CONFERENCE JETTYLESS LNG INFRASTRUCTURE
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scana.noScana ASA | Wernersholmvegen 49 | NO -5232 Paradis, Norway | post@scana.no Q & A
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PHOTO CREDITS Nordhordaland Tekst & Foto Zpirit Stena
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scana.noScana ASA | Wernersholmvegen 49 | NO -5232 Paradis, Norway | post@scana.no If you have additional questions, please send them to ir@scana.no