Boskalis Half Year Report 2020

12

ORDER BOOK On 30 June the order book stood at EUR 3,169.0 million, fractionally lower than at the end of 2019 (EUR 3,192.4 million). On balance, projects with a total value of EUR 650.0 million were acquired in the first half of the year. There was a substantial increase in the orderbook in the Netherlands. The most noteworthy additions were the dike reinforcement projects IJsseldijk Zwolle-Olst and Krachtige IJsseldijken Krimpenerwaard, maintenance dredging in the port of Rotterdam, a follow-up project for the construction of a second artificial island in the IJmeer lake in Amsterdam and major maintenance of the N3 highway. Elsewhere in Europe numerous port related projects were acquired including capital dredging works in Finland and the United Kingdom. The number of tender awards outside of Europe was limited although Boskalis did acquire a number of small and mid-sized port and LNG related projects.

OFFSHORE ENERGY Offshore dredging and rock installation projects, heavy transport, lift and installation work, surveying, diving and ROV services in support of the development, construction, maintenance and dismantling of oil and LNG import/export facilities, offshore platforms, pipelines and cables and offshore wind farms.

1 ST HY 2020 1 ST HY 2019

2019

OFFSHORE ENERGY

(in EUR million) Revenue

506.4

474.2 -41.0

1,020.4

88.0

EBITDA

47.4

0.7

Net result from JVs and associates

-1.5

6.0

26.4

Operating result

-94.5

-70.9

1,470.7

Order book

1,325.5 1,524.2

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

REVENUE Revenue from the Offshore Energy segment amounted to EUR 506.4 million (H1 2019: EUR 474.2 million). The divisional revenue increase was fully attributable to the consolidation of Horizon following the acquisition of the remaining shares early 2020. The services part of the division was in particular effected by COVID-19 and the strong decline of the oil price leading to the delay or postponement of projects and subsequent dependence on

30 JUNE 2020

END 2019

30 JUNE 2019

ORDER BOOK BY MARKET

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

839.5 673.4

577.2 658.4

723.0 570.6

1,656.1 3,169.0

1,956.8 1,735.4 3,192.4 3,029.0

Total

OPERATIONAL AND FINANCIAL DEVELOPMENTS

Float-over installation of the 11,500 ton Bokor topside in Malaysia by the Forte

HALF YEAR REPORT 2020 – BOSKALIS