James Fisher and Sons : Half year results for the six months ended 30 June 2021

Half Year Results

for the six months ended 30 June 2021

7 September 2021

Disclaimer

This presentation is confidential and is delivered to interested parties for information only. It is delivered solely on the basis that neither the whole nor any part of the information contained in this presentation may be disclosed to, or used or relied upon by, any other person or used for any purpose without the prior written consent of James Fisher and Sons plc (JFS).

The information contained in this presentation, and upon which this presentation is based, has been derived from publicly available information. None of the information on which this presentation is based has been independently verified. Accordingly, neither JFS nor any member of JFS nor any of its connected persons makes any representation or warranty, assurance or undertaking, express or implied, with respect to the accuracy, adequacy, completeness or reasonableness of the presentation or of the information contained in the presentation, or on which the presentation is based, or that this information remains unchanged after the issue of this presentation.

This presentation is not to be construed as carrying the endorsement of JFS or any of its connected persons. Consequently, neither JFS nor any of its connected persons accepts any responsibility or liability to any person to whom the presentation is made available for the accuracy, adequacy, completeness or reasonableness of the information contained in it or otherwise.

The presentation is not intended to recommend any strategic decision by JFS or any of its connected persons and should not be considered as a recommendation supporting any of the options discussed herein by any member of JFS or any of its connected persons. Each person to whom the presentation or any part thereof is made available, is responsible for and must make their own independent assessment of the presentation and of the information contained within it.

Nothing in the presentation is, or should be relied upon as, a promise or representation as to the future.

James Fisher and Sons plc

Fisher House, PO Box 4, Barrow in Furness, Cumbria, LA14 1HR

Telephone [phone]

James Fisher & Sons plc - Interims 2021 2

Eoghan O'Lionaird	Duncan Kennedy
Chief Executive Officer	Chief Financial Officer

Introduction and Outlook

• First half results in line with the Board's expectations
• • Markets recovering though with some Covid-related delays
  • All divisions profitable in H1
• Q2 performance across the Group showed marked improvement vs Q1, and we expect further progress through the second half
• However, STS, JFD short-cycle order intake and subsea Oil & Gas projects slow to recover; LNG project in Mozambique suspended
• Consequently, FY2021 operating profit now expected to be around the same level as FY2020
• Refinancing provides certainty on liquidity and facilities through to at least 2024
• Strengthening order books for 2022 and beyond following high tender wins in H1
• Confident in our ability to deliver mid-term financial targets

James Fisher & Sons plc - Interims 2021 4

Financial Review