Investors & Shareholder Information

• FPSO Prosperity sold to ExxonMobil Guyana Ltd; FPSO Liza Destiny on track for sale before year-end
• TotalEnergies contract award for an FPSO as part of the GranMorgu field development project in Suriname
• 2024 Directional[1] EBITDA guidance increased from around US$1.3 billion to around US$1.9 billion (+46%)
• 2024 Directional revenue guidance increased from above US$3.8 billion to above US$6.0 billion (+58%)
• Completed sale of 13.5% interest in FPSO Sepetiba to China Merchants Financial Leasing (Hong-Kong) Holding Co., Limited (CMFL)
• Share repurchase program of EUR130 million on track, c. 57% completed[2]

• 2024 Directional^[i] EBITDA guidance increased from around US$1.2 billion to around US$1.3 billion
• 2024 Directional revenue guidance increased from around US$3.5 billion to above US$3.8 billion
• US$3.4 billion net increase of pro-forma Directional backlog to record-level US$33.7 billion
• EUR65 million (US$71 million equiv.[ii]) additional share repurchase
• Existing share repurchase program of EUR65 million on track, c. 58% completed[iii]
• Award of 20-year lease & operate contract for an FSO to support the Trion field development in Mexico
• Rationalization of business in Angola to focus on Lease and Operate
• Ninth Fast4Ward^® Multi-Purpose Floater (“MPF”) hull ordered

• Year-to-date Directional^[i] revenue of US$871 million, in line with expectation
• Full year 2024 Directional revenue and Directional EBITDA guidance maintained
• Cash dividend of US$150 million (equivalent to EUR0.7651 per ordinary share) approved
• Share repurchase program of EUR65 million on track 20.7% completed[ii]
• FPSO Sepetiba producing and on hire; FPSO Prosperity at full production capacity
• FPSO Jaguar contract award confirmed in April 2024, growing the backlog
• MoU with Technip Energies to create Floating Offshore Wind JV, EkWiL

SBM Offshore Full Year 2023 Earnings

Highlights

• Record-level Directional[i] Revenue of US$4.5 billion (+38%), above guidance
• Record-level Directional EBITDA of US$1.3 billion (+31%), in line with guidance
• US$30.3 billion Directional backlog; US$9.3 billion or EUR46.6/share[ii] Directional net cash from L&O and BOT[iii] backlog^[iv]
• Evolving shareholder return policy: flexibility to pay committed annual cash return via dividend and share repurchase
• 12% increase in annual cash return to shareholders of US$220 million
• Cash return composed of US$150 million proposed dividend and EUR65 million (US$70 million equiv.[v]) share repurchase
• 2024 Directional Revenue guidance of around US$3.5 billion
• 2024 Directional EBITDA guidance of around US$1.2 billion
• Successful sale of FPSO Liza Unity, Whiptail FEED award, 10-year OMEA for Guyana FPSO fleet, and FPSOs Prosperity & Sepetiba 1^st oil
• 70% FPSO CO₂ emissions reduction potential from CO₂ capture solution offered in partnership with MHI

Third Quarter 2023 Trading Update

Highlights

• FEED contracts awarded by ExxonMobil Guyana for Whiptail development project in Guyana
• FPSO Liza Unity purchase option exercised by ExxonMobil Guyana; sale to be completed in November 2023
• 2023 Directional[i] EBITDA guidance increased from above US$1 billion to around US$1.3 billion
• 2023 Directional revenue guidance increased from above US$2.9 billion to around US$4.4 billion
• FPSO Prosperity, delivered on time in Guyana and preparing for first oil
• Successful installation of 3 floaters for the Provence Grand Large offshore wind project

Highlights

• Record-level US$32.2 billion pro-forma order book
• Record-level US$9.5 billion pro-forma net cash flow from L&O and BOT[i] sales backlog[ii]
• 2023 Directional[iii] revenue and EBITDA guidance maintained
• 2 FPSOs on track for first oil by year-end
• Over US$3.2 billion project financing secured

First Quarter 2023 Trading Update

Full Year 2022 Earnings

Highlights

• Record 2022 Directional[1] underlying EBITDA of US$1,010 million, in line with guidance
• Record year-end Backlog of US$30.5 billion
• 10% increase in dividend proposed to US$1.10 per share, 7% yield[2]
• 2023 Directional revenue guidance of above US$2.9 billion
• 2023 Directional EBITDA guidance of above US$1 billion
• FPSO ONE GUYANA award, MoU for 7th MPF[3] hull with ExxonMobil Guyana
• Defining 2030 intermediate greenhouse gas (GHG) related targets, creating pathway to net-zero by 2050