Boskalis Half Year Report 2021

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OPERATIONAL AND FINANCIAL DEVELOPMENTS

KEY FIGURES FIRST HALF YEAR 2021 ‚ Revenue: EUR 1.32 billion ‚ EBITDA: EUR 226 million ‚ Net profit: EUR 72 million ‚ Order book: EUR 5.53 billion OUTLOOK SECOND HALF OF 2021 ‚ Dredging: busy second half of the year with good fleet utilization ‚ Offshore Energy: similar picture to the first half of the year ‚ Towage & Salvage: Towage stable. Salvage operationally unpredictable; no major settlement results ‚ EBITDA outlook second half year: in line with first half year

The anchor handling tug Manta towing a floating wind turbine to the Kincardine offshore floating wind farm in Scotland

In 2020 a critical review of the business, including assets and activities, was conducted due to the global impact of the COVID-19 pandemic and strong decline in the oil price. This review resulted in exceptional mostly non-cash impairment charges. There were no exceptional items in the first half of 2021. For comparison purposes certain 2020 results are adjusted for exceptional charges; Operating Result is defined as EBIT before exceptional charges, Net operating profit is defined as Net profit before exceptional items and the Net result from joint ventures and associates is adjusted for exceptional charges.

HALF YEAR REPORT 2021 – BOSKALIS