EXMAR : Presentation General Meeting 2022

General Meeting - May 17, 2022

GENERAL MEETING EXMAR

May 17, 2022

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General Meeting - May 17, 2022

Speakers

Nicolas Saverys	Francis Mottrie	Christine Verhaert	Emma Scheiris
Executive Chairman	Chief Executive Officer	Chief Financial Officer	Head of Corporate HSEQ
			at EXMAR Ship Management

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© EXMAR. All rights reserved

General Meeting - May 17, 2022

Agenda

01 EXMAR highlights

02 Infrastructure

03 Shipping

04 Financials

05 Corporate & strategic focus

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© EXMAR. All rights reserved

EXMAR highlights

Ready for the challenges of tomorrow's world

	BUSINESS	• Contract signed with GASUNIE for 5-year charter FSRU S188 (2022)
			• Firm ongoing discussions regarding employment TANGO FLNG
			• Recognition of USD 56.8 million termination fee for the FSRU S188 charter agreement
			• Sale of LPG vessels TEMSE, TOURAINE & BRUSSELS
			• Delivery of 3rd and award of 4th OPTI® hull design
LIQUIDITY	• New 3-year credit facility of USD 50 million
			• Extension existing EUR 18 million credit facility and increase up to EUR 30 million upon
			employment of one of the barges
			• Repurchase NOK 137 million (USD 15 million) of the NOK bond maturing in May 2022
	INDUSTRY LEADER	• Delivery of the first LPG dual fuel VLGCs (FLANDERS INNOVATION and FLANDERS PIONEER)
			• Pioneered floating regas, world's first FLNG barge and LPG as fuel
IMPROVED	• Receipt monthly contractual payment termination fees YPF
CASH POSITION	• Receipt early termination fee Gunvor for the FSRU S188
			• Charter income 2 new VLGC's
ENVIRONMENTAL,	• EXMAR pursuing various C02 transport projects required to support
SOCIAL & GOVERNANCE	• CCS projects to optimize logistics
			• MoU signed with NUTRIEN to build and operate ammonia fuelled vessels
			• Embedding ESG in EXMAR's DNA
			• Contract GASUNIE complies with their high environmental standards

EXMAR in short

• Listed on Euronext Brussels (EXM.BB)
• Evolution from shipbuilder (1829) to shipowner and infrastructure provider
• Fully integrated provider of gas transportation and transformation solutions
• Fleet of 37 floating assets
• 1,615 seafarers and 234 shore-based staff
• 18 offices / branches, 43 nationalities

Exmar is ideally placed to

capitalize on increased global

"energy transition" opportunities

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© EXMAR. All rights reserved

General Meeting - May 17, 2022

EXMAR assets and services

Integrated provider of gas transportation and transformation solutions

INFRASTRUCTURE

Assets

1 FLNG	1 FSRU	2 accommodation
(barge-based)	(barge-based)
barges

Achievements

• Pioneer in FSRU (2005) and STS Transfer (2006)

• Developed OPTI and FAST technology

• Pioneer in FLNG (2016)

• Over 100 engineers with expertise in gas / floating activities,

located in Antwerp, Paris & Houston

© EXMAR. All rights reserved

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