Annual report 2019

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Boskalis Project Professionals program to accelerate the development of high potential individuals.

Employee Survey In 2019 we conducted a company-wide employee survey that included both employees and agency staff. The results of the survey showed that employees feel a great deal of pride in the company and passion for their work. It also identifed several areas where Boskalis can improve, including providing more clarity on career paths and opportunities inside the company and sharing more information about Boskalis’ strategy and projects with employees across the business. Steps have already been taken to respond to the survey outcomes including launching a new internal communications platform for improved information sharing and the introduction of several new and improved tools and approaches for career development. The great sense of passion and pride in our company is reflected in an e-NPS (employee Net Promotor Score) of 18.5 which is ahead of peers in the industry. Following on from the survey, in January 2020, Boskalis was recognized by Effectory, a leading provider of employee engagement solutions, as a World-class Workplace. This award is made to companies based on their employee survey score. With a score of 7.4 Boskalis scored higher than the global benchmark average of 7.1. Onboarding As an extension of our professionalized recruitment process we renewed the group onboarding process. Interactive guides were developed to give new hires and managers more guidance during the critical frst months. The traditional introduction day was also redesigned with more focus on interaction and establishing a strong sense of pride. DEVELOPMENT OPPORTUNITIES A key theme that emerged from our employee survey and strategic human resources plan was a shortage of clear career development opportunities within Boskalis. We have taken a number of steps this year to address this. We expanded the resources available on the internal Career Center platform and initiated an activation campaign of motivational career events with inspirational speakers and more internally focused career markets. Based on an anticipated scarcity of senior project managers, we started the

FLEET DEVELOPMENTS Boskalis makes targeted investments in new-build and existing vessels to retain or expand our market position. At the same time, old or non-strategic vessels are taken out of service. In 2019 the following major developments took place: Dredging The construction of the new mega cutter suction dredger Krios is progressing as planned. With an installed power of almost 24,000 kW, a total pumping power of 15,600 kW and a maximum cutter power of 7,000 kW this dredger is expected to be taken into service in the second half of 2020. As part of the new 2020-2022 corporate business plan Boskalis will start the development of two distinctive shallow-draught large trailing suction hopper dredgers. 2019 saw the environmentally responsible dismantling of the trailing suction hopper dredgers Sandway, Shahaf and cutter suction dredger Capricorn. Offshore energy In 2019 the decision was taken to convert an existing hull to create the Bokalift 2. The crane vessel will be equipped with a 4,000 ton revolving crane and 7,500 m² of free deck space and perfectly suited to transport and install current and future generation wind turbine foundations. In the course of 2019 we strengthened the Offshore Energy fleet with the addition of the anchor handling tug and supply vessels Boka Pegasus and Boka Perseus through long-term charters. With a bollard pull of more than 250 tons, both vessels can be used to execute complex offshore projects in deep waters and in severe weather.

report of the board of management ANNUAL REPORT 2019 – BOSKALIS

Gardline is currently converting an offshore vessel into one of the most advanced geophysical survey vessels in the industry. With