Boskalis Half Year Report 2020

10

In the course of the first half of the year Boskalis acquired, on balance, EUR 1,186.4 million worth of new contracts, in addition to the orderbook of Horizon (EUR 13.9 million) which is now also consolidated.

1 ST HY 2020 1 ST HY 2019 2019

RESULT BY SEGMENT

(in EUR million) Dredging & Inland Infra

30.0 26.4 23.0 -7.0 72.4

57.8 -94.5 20.9 -17.3

107.5 -70.9 37.9 -46.1

Offshore Energy Towage & Salvage

Non-allocated group costs (results)

30 JUNE 2020

END 2019

30 JUNE 2019

ORDER BOOK

-33.1 28.4

Total Operating result

(in EUR million) Dredging & Inland Infra

Extraordinary items

-147.8

42.2 82.3

3,169.0 1,470.7

3,192.4 1,524.2

3,029.0 1,325.5

-75.4

9.1 110.7

Offshore Energy Towage & Salvage

Total EBIT

21.7

5.4

8.6

4,661.4

4,722.0

4,363.1

Total

NET PROFIT The operating result amounted to EUR 72.4 million (H1 2019: negative EUR 33.1 million) and EBIT was negative EUR 75.4 million. Net of financing expenses of EUR 7.8 million on balance, the pre-tax loss was EUR 83.2 million. The net loss attributable to shareholders totaled EUR 96.4 million, compared to a profit of EUR 1.3 million in H1 2019. Excluding the extraordinary charges, the 2020 half year net profit amounts to EUR 47.5 million. ORDER BOOK At the end of the first half of the year the order book excluding our share in the order book of joint ventures and associates stood at EUR 4.7 billion (end-2019: EUR 4.7 billion). Approximately one quarter of this order book is due for execution in the second half of 2020, approximately one third in 2021 and the remainder in the years thereafter.

DREDGING & INLAND INFRA 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 2020 1 ST HY 2019

2019

DREDGING & INLAND INFRA

(in EUR million) Revenue

673.4

733.2 124.5

1,517.7

93.9

EBITDA

241.6

0.5

Net result from JVs and associates

1.2

3.3

30.0

Operating result

57.8

107.5

3,169.0

Order book

3,029.0

3,192.4

OPERATIONAL AND FINANCIAL DEVELOPMENTS

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

Maximum precautions have been taken to ensure the health, safety and well-being of Boskalis staff since the outbreak of COVID-19

HALF YEAR REPORT 2020 – BOSKALIS