TKH N : Site Visit Eemshaven Offshore Inter-Array Cables June 2024

TKH GROUP NV

SITE VISIT EEMSHAVEN | INTER - ARRAY CABLES

25 JUNE 2024

IMPORTANT INFORMATION - DISCLAIMER

Cautionary note regarding forward looking statements

Statements included in this presentation that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are forward-looking statements. These statements are only predictions and are not guarantees. Actual events or the results of our operations could differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements are typically identified by the use of terms such as "may", "will", "should", "expect", "could", "intend", "plan", "anticipate", "estimate", "believe", "continue", "predict", "potential" or the negative of such terms and other comparable terminology.

The forward-looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements.

2	SITE VISIT EEMSHAVEN - 25 JUNE 2024

TKH - Technology leader in high growth markets

SMART Technologies built on innovation driven by megatrends electrification, digitalization and automation

Together with our customers, we develop innovative technologies that make the world more efficient and more sustainable

SMART VISION SYSTEMS

TKH WORLDWIDE

HEADCOUNT

7,000 FTEs of which 750 in R&D and software development

Entrepreneurial culture

TURNOVER

2023 € 1,848m (2022: € 1,817m)

16% turnover from innovations

ESG

70% of turnover linked to SDGs Frontrunner ambition

CUSTOMER AND TECHNOLOGY FOCUSSED

>1,400 patents

>30% technology proposition is software Market leadership in majority of activities

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SMART MANUFACTURING SYSTEMS

NORTH AMERICA

• 240m turnover

EUROPE (OTHER)

• 717m turnover

OTHER

• 84m turnover

SMART CONNECTIVITY SYSTEMS

THE NETHERLANDS € 454m turnover

ASIA € 353m turnover

SMART CONNECTIVITY SYSTEMS

Smart Connectivity Systems

ENERGY

Offshore Onshore

DIGITALIZATION		SPECIALTY CABLES

GROWINGMARKET

MARKETLEADER POSITIONS

GROWING

POSITIONs

Offshore Utility	Utility
companies	companies

GROWING MARKET POSITIONS

MARKET LEADER

Network companies

MARKET

LEADER

HiGH GRADE SPECIAL CABLES

Factory Automation Robotics

Medical / Healthcare	Building
& infrastructure

	TURNOVER SPLIT				GEOGRAPHICAL SPLIT
28%			1%	2%
	Other		5%			Netherlands
39%
						Europe (Other)
	Energy
								Asia
				46%			North America
						RoW
33%					46%
	Digitalization

Benefitting from

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High barriers to entry: combination of advanced technology levels, patented technologies, expertise and capital required to enter market

Focus on Megatrend Electrification

Divestments

ZTC			CCG			CAE
2018			2019			2022
Turnover: €67m		Turnover: €184m		Turnover: €129m
EBITA: € 5m		EBITA: € 14.3m		EBITA: € 19.5m

€ 380m in turnover divested

---------------------------------------

Commodity related activities

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Investments

Eemshaven		Lochem
Capacity
	Expansion factory
expansion new
	for Medium &
factory Offshore
	High Voltage
Inter-array
	cables
cables

€150m Capex in capacity expansions

--------------------------------------------

Investments into Electrification

---------------------------------------------

Higher added value, smart technologies

Securing additional capacity to benefit from megatrend electrification resulting in

additional € 250 -

• 300 million turnover in coming years

at

≥ 20% ROS

INTER-ARRAY CABLE MARKET

Offshore wind and inter-array cables

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TKH Inter-Array Cable Projects

Projects Completed

Current Projects

&

Projects signed

Projects under Vattenfall Framework

Hollandse Kust Noord	Baltic Eagle	Hollandse Kust Zuid I /II	Kaskasi
759MW / Van Oord	460MW / Van Oord	750MW / Vattenfall	342MW / RWE - DEME
Albatros	Windpark Fryslan	Windpark Blauw	Hohe See
112MW / EnBw- Boskalis	336MW / Van Oord	340MW / Ballast Nedam	497MW / EnBw- Boskalis
Windanker	Greater Changhua		Repair/Spare cables
300MW / Iberdrola	960MW / Orsted		Luchterduinen - Eneco
			Windpark Egmond aZ -
			Shell/Dof
			Horns Rev 3- Vattenfall
Hollandse Kust West VI	Hollandse Kust West VII
760MW / Ecowende	760MW / RWE

Nordlicht 1&2	Swedish Krieger Flak	Ijmuiden Ver Beta
1.5GW	640MW	2GW

Since commencing production of IAC in 2017, TKH has completed 8 projects (non repair) totalling 850 km in IAC

As an independent IAC supplier, TKH works together with all developers and installers

Current projects

under the Vattenfall

framework agreement total 4.1

GW.

	SITE VISIT EEMSHAVEN - 25 JUNE 2024
9	TKH9GENERAL INVESTOR PRESENTATION - AUGUST 2023

Offshore wind and inter-array cables

IAC

Developments

Lengths between

windmills to

increase

The MW power of the turbines will increase, leading to demand for thicker inter-array cables with higher pricing and higher AV

Trend towards

dynamic inter-array

cables with

substantial higher

pricing

Trend towards

132KV cable (vs

66KV now)

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