OceanPact Serviços Marítimos (OPCT3) Investor presentation summary

Business and operating profile

• Growth spans environmental consulting, partnerships, vessel acquisitions, subsea services, an IPO-funded fleet expansion and the 2025 merger with CBO.

• Combined pro forma operations include 70 vessels, long-term and day-rate contracts, and client-supplied fuel; the vessels segment accounts for 82% of EBITDA and services 18%.

• Services cover subsea, decommissioning, geophysical and oceanographic surveys, environmental licensing, and crisis and risk management; the fleet includes 2 research vessels and 13 ROVs.

• The combined fleet comprises 27 vessels from OceanPact and 43 from CBO, expanding capacity and contract diversification across vessel types.

Financial performance and transaction

• Combined pro forma consolidated net revenue grew at an 11% CAGR and recurring EBITDA at a 14% CAGR; figures cover the 12 months ended June 2026.

• Adjusted EBITDA margin rose from 38% in 2022 to 42% in 2025 and the 12 months ended June 2026; net debt / adjusted EBITDA declined from 4.4x in 2022 to 2.5x in June 2026.

• The all-stock transaction acquired 100% of CBO's holding company through issuance of ~275 million new shares; resulting ownership was 42.14% for existing shareholders and 57.86% for CBO shareholders.

• A five-year agreement covers governance, with shared control for two years, a seven-member board, a nine-month lock-up and specific sale procedures from months 9 to 24.

Value creation priorities

• Transaction priorities include stronger cash generation, expanded operating capacity, commercial and operational integration, and using fleet complementarity to reduce average vessel age.

• Each 1% reduction in OceanPact fleet operational downtime could add BRL 15 million to EBITDA; each 1% reduction in CBO fleet idle time could add BRL 14 million, based on LTM metrics as of 3Q25.

• Cost reduction and capex optimization are identified as additional synergy opportunities.