Boskalis 2018 Half Year Report

HALF YEAR REPORT 2018 – BOSKALIS 10 OPERATIONAL AND FINANCIAL DEVELOPMENTS ORDER BOOK ORDER BOOK 30 JUNE 2018 (in EUR million) Dredging & Inland Infra 3,005.7 Offshore Energy 862.3 Towage & Salvage 16.6 Total 3,884.6 The construction of the Marker Wadden is progressing successfully.

DREDGING & INLAND INFRA

At the end of the first half of the year the order book, excluding our share in the order book of joint ventures and associated companies, increased to EUR 3,884.6 million (end-2017: EUR 3,495.2 million). In the course of the first half of the year Boskalis acquired, on balance, EUR 1,555.1 million worth of new contracts. Notable projects within Dredging & Inland Infra include the expansion of the Singapore Tuas Mega Port, the development of a polder in the northeastern part of Singapore and the construction of an artificial island in the IJmeer lake for the city of Amsterdam (the Netherlands). Within Offshore Energy numerous smaller contacts were acquired. After the close of the first half of the year Boskalis acquired a sizable logistical management transport contract and received a letter of award for the transport and float-over installation of an offshore platform. Furthermore, the financial close of the Triton Knoll and Moray Offshore Windfarm East cabling contracts is expected to take place in the second half of the year. These projects are not included in the order book as at 30 June.

Construction, maintenance and deepening of ports and waterways, land reclamation, coastal defense and riverbank protection, underwater rock fragmentation and the extraction of minerals using dredging techniques. Construction of roads and railroads, bridges, aqueducts, viaducts and tunnels including earthmoving, soil improvement and remediation – mainly in the Netherlands.

1 ST HY 2018 1 ST HY 2017

2017

DREDGING & INLAND INFRA

(in EUR million) Revenue

656.9 121.6

579.3 112.4

1,298.3

EBITDA

219.1

1.2

Net result from JVs and associates

5.4

3.6

61.8

Operating result

61.7

110.5

3,005.7

Order book

2,309.2

2,477.4

EBITDA and operating result include our share in the net result of joint ventures and associated companies.

REVENUE Revenue in the Dredging & Inland Infra segment amounted to EUR 656.9 million (H1 2017: EUR 579.3 million).

END 2017

30 JUNE 2017

1 ST HY 2018 1 ST HY 2017

2017

REVENUE BY REGION

(in EUR million) The Netherlands Rest of Europe Rest of the world

201.9 112.9 342.1 656.9

178.2 143.0 258.1 579.3

473.2 253.7 571.5

2,477.4 1,011.1

2,309.2

930.2

6.7

6.3

1,298.3

Total

3,495.2

3,245.7