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SB1 MARKETS ENERGY CONFERENCE 2026 26 FEBRUARY 2026 | OSLO
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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 26 February 2026. 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 26 FEBRUARY 2026 SB1 Markets Energy Conference 2026
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3 Visit Scana’s website to learn more: www.scana.no INDUSTRIAL HISTORY SOLUTIONS FOR TOMORROW 26 FEBRUARY 2026 SB1 Markets Energy Conference 2026
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+19 % to 392 MNOK HIGHLIGHTS – Q4 2025 VS Q4 2024 4 +0 % to 450 MNOK +18 % to 1188 MNOK +166 % to 70 MNOK REVENUE EBITDA ORDER BACKLOGORDER INTAKE +48 % to 74 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. Ref appendix, Alternative Performance Measures 26 FEBRUARY 2026 SB1 Markets Energy Conference 2026 448 368 396 383 450 26 -7 8 38 70 50 4 23 39 74 0 100 200 300 400 500 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Revenue EBITDA EBITDA adjusted* 1 008 1 166 1 174 1 246 1 188 329 524 403 453 392 0 100 200 300 400 500 600 700 0 200 400 600 800 1 000 1 200 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Order backlog Order intake
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26 FEBRUARY 2026 5 Q4 CASH GENERATION OF NOK 105 MILLION SB1 Markets Energy Conference 2026 CHANGE IN CASH AND CASH EQUIVALENTS | NOK MILLION Equity Cash from operating activities Cash from investing activities Cash from financing activities Change in net working capital of NOK 69 million • Reduction in net working capital in both divisions CAPEX of NOK 7 million • Rental equipment – NOK 3 million • Other investments – NOK 4 million Lease payments of NOK 21 million Liquidity reserve of NOK 214 million • Strengthens financial flexibility, and will be used to support operational needs 141 -7 -29 70 69 1 ( 7) 1 ( 21) ( 8) ( 0) 54 ( 51) Q3 2025 EBITDA Change in working capital Other changes in cash flow from operating activities CAPEX Other changes in cash flow from investing activities Lease payments Interests paid Other changes in cash flow from financing activities Q4 2025
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6 PREFABRICATION WELDING & WORKSHOP
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7 JETTYLESS LNG INFRASTRUCTURE
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26 FEBRUARY 2026 SB1 Markets Energy Conference 2026 8 SHORE POWER MEGA WATT CHARGING
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26 FEBRUARY 2026 SB1 Markets Energy Conference 2026 9 E-HOUSE MODULES EXAMPLES OF SOLUTIONS
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26 FEBRUARY 2026 SB1 Markets Energy Conference 2026 10 READY FOR GROWTH
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scana.noScana ASA | Wernersholmvegen 49 | NO -5232 Paradis, Norway | post@scana.no THANK YOU If you have additional questions, please send them to ir@scana.no
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PHOTO CREDITS Nordhordaland Tekst & Foto Zpirit