DEME Group (DEME) Investor Presentation summary

Strategic positioning and business overview

• Operates as a global marine solutions provider with a diversified portfolio in offshore energy, dredging & infra, environmental, and concessions, leveraging nearly 150 years of experience and a technologically advanced fleet.

• Maintains market leadership in segments with high barriers to entry, supported by secular growth trends and a healthy balance sheet.

• Active in over 90 countries with more than 5,600 skilled professionals and a fleet of 100+ vessels.

• ESG and safety are core priorities, with significant progress in EU taxonomy alignment and external sustainability ratings.

Financial performance and outlook

• Achieved record turnover in 2023 at €3.29bn (+24% y-o-y), with all segments contributing to growth; EBITDA margin stable at 18%.

• 1H24 saw turnover up 30% y-o-y to €1.92bn, EBITDA up 55% to €345m, and net profit at €141m; free cash flow improved to €278m and net debt halved to €352m.

• Orderbook remains robust at €7.1bn as of 3Q24, providing strong mid-term visibility.

• Management raised 2024 outlook, expecting turnover growth to exceed 20% with a comparable EBITDA margin.

Segment highlights and key projects

• Offshore Energy: Turnover up 52% YTD24, driven by global wind farm projects and innovative technology deployments; major projects include Moray West, Dogger Bank, and Coastal Virginia.

• Dredging & Infra: Turnover up 30% YTD24, with strong activity in Europe, Middle East, and Africa; key projects include Oosterweel, Princess Elisabeth Island, and Kiel Canal.

• Environmental: Turnover up 9% YTD24, focusing on soil remediation, brownfield redevelopment, and high water protection, with projects in Belgium and the Netherlands.

• Concessions: Six portfolio projects in operation or construction, generating €2.6bn in contracting revenue, with eight more in the pipeline.