Jacktel (JACK) Pareto Securities' 33rd Annual Energy Conference presentation summary

Asset overview and operations

• Owns 100% of Haven, a harsh environment jack-up accommodation rig with 444 single cabins and 106m water depth capability.

• Haven is under contract with AkerBP at Valhall, Norway, from June 2026 to at least February 2028, with options extending to June 2028.

• Haven was significantly upgraded in 2017 and had its last special periodic survey in 2024.

• Managed by Macro Offshore Management and listed on Euronext Growth under ticker JACK.

Financial performance and shareholder returns

• EBITDA for H1 2026 was $20m, with CAPEX at $0.09m, debt amortization at $5m, and interest paid at $3.5m.

• Quarterly dividends initiated in Q4 2025, with a current yield of approximately 19%.

• Distributed USD 0.125 (NOK 1.16) per share since Q4 2025.

Contract and backlog development

• Haven's contract at Valhall has a total fixed value of $121m for 21 months firm plus four 1-month options.

• EBITDA backlog stands at ~$67m firm and ~$86m including options as of Q2 2026.

• Extension of AkerBP contract into 2028 and ongoing efforts to build backlog beyond 2028.