Digitizing the ocean space

Argeo Q1 company presentation

19 MAY 2022

TROND FIGENSCHOU CRANTZ, CEO ARGEO ODD ERIK RUDSHAUG, CFO ARGEO

Disclaimer

  • This presentation includes and is based on, among other things, forward-looking information and statements
  • Such forward-looking information and statements are based on the current expectations, estimates and projections of Argeo or assumptions based on information available to the company
  • Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions
  • Argeo cannot give any assurance as to the correctness of such information and statements

Agenda

Highlights

Introduction to Argeo

Operational update

Technology

Financials

Outlook

Side 3

Highlights

Introduction to Argeo

Agenda

Operational update

Technology

Financials

Outlook

Highlights

Q1 Highlights

  • Ordered a new Hugin 6000 from Kongsberg
  • Signed a 12-month project for the new Hugin 6000 AUV
  • Awarded a NOK 8.5 million contract from Statens Vegvesen for the Sea Raptor "Alpha"
  • Completed Sea Acceptance Testing (SAT) in the North-Sea
  • First Sea Raptor delivered in February 2022
  • Remaining work for the Hugin project in Brazil given new startup in late May

Subsequent events

  • NOK 75 million private placement in April 2022
  • AUV work for Statens Vegvesen successfully completed
  • Commenced Multi-Client offshore wind project at Utsira Nord
  • Deep-waterSeaRaptor project moved to early July

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Argeo AS published this content on 19 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2022 06:21:07 UTC.