ABL Group (ABL) Pareto Securities' 32nd Annual Energy Conference Presentation summary

Financial performance and growth

• Revenue increased tenfold since 2018, reaching $374 million in 2024, driven by acquisitions and organic growth.

• Group adjusted EBIT rose to $18.8 million in 2024, with a diversified revenue base across oil & gas, renewables, and maritime.

• 2024 LTM revenue split: Oil & Gas 74%, Renewables 17%, Maritime 10%.

• 2,091 employees across 77 offices in 44 countries support global operations.

• Semi-annual dividend of NOK 0.45 per share paid in June 2025, with another expected in Q4.

Strategic initiatives and acquisitions

• Major acquisitions since 2019 include Braemar Technical Services, LOC Group, Add Energy, AGR, Ross Offshore, Hidromod, Proper Marine, and Techconsult.

• Continued industry consolidation with recent acquisitions in 2024 and 2025.

• Executive management changes effective September 2025.

• Focus on operational excellence and cost efficiency, with an accelerated plan for H2 2025.

Business segments and services

• Operates through ABL, AGR, OWC, and Longitude, each specializing in marine, wells & reservoirs, renewables, and engineering consulting.

• Services include marine warranty surveys, casualty support, renewables consulting, owner's engineering, technical due diligence, and vessel design.

• In 2024, worked on 500+ wind, solar, and battery projects (350+ GW potential), 17 CCS projects, 1,500+ rig moves, and 2,500+ maritime instructions.