DEME Group (DEME) Investor Presentation summary

Strategic positioning and business overview

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

• Maintains market leadership in healthy segments with high barriers to entry, supported by secular growth trends and a skilled workforce of over 5,800 professionals.

• ESG and safety are central to operations, with significant progress in EU taxonomy alignment and greenhouse gas reduction.

• Strong synergies across segments foster a solid growth platform and financial resilience.

Financial performance and key metrics

• FY24 orderbook reached a record €8.2 billion (+8% YoY), with turnover up 25% to €4.1 billion and EBITDA up 28% to €764 million (18.6% margin).

• Net profit surged 77% to €288 million, with net financial cash position improving to €91 million from a net debt of €512 million.

• All segments contributed to growth: Offshore Energy turnover +37%, Dredging & Infra +22%, Environmental +11%.

• CapEx declined to €286 million, reflecting disciplined investment and maintenance focus.

• Free cash flow rose sharply to €729 million, supporting an 81% increase in gross dividend to €3.8 per share.

Segment highlights and operational achievements

• Offshore Energy: Record orderbook, €2.1 billion turnover, 87% EBITDA growth, and major projects in Europe, US, and APAC; strategic acquisition of Havfram to enhance fleet and market position.

• Dredging & Infra: Turnover near €2 billion, 20% EBITDA growth, and strong project execution in Europe, APAC, and Africa, including landmark projects like Oosterweel and Princess Elisabeth Island.

• Environmental: Turnover up 11% to €337 million, with a 13% EBITDA margin and expansion of innovative remediation solutions.

• Concessions: Net result of €12 million, active in offshore wind, green hydrogen, and marine infrastructure, with a robust project pipeline and recurring income.