Pelagic Credit (PLGC) Investor presentation summary

Business overview

• Yield-oriented maritime credit platform listed on Euronext Growth Oslo, headquartered in Cyprus.

• Focuses on generating equity-like returns from credit-like products through robust investment strategies.

• Portfolio includes 4 vessels across 2 maritime segments with approximately 5-year charters.

• Intends to distribute excess earnings as quarterly dividends starting in the second half of 2026.

Investment strategy and structure

• Invests in sale-leaseback and other secured maritime credit structures with disciplined underwriting.

• Ensures stable, predictable cash flows via contractual bareboat charter income.

• Maintains high-quality collateral and structured downside protection, with a sector-agnostic maritime approach.

• Utilizes a basic sale-leaseback structure, providing a one-stop-shop solution for clients.

Portfolio and pipeline

• Closed deals represent up to $73m in charter backlog, with a base-case project-level IRR of 13.5%.

• Execution pipeline includes projects with Hartmann Group and Pelagic Wind Services, targeting $114.7m in gross charter backlog.

• Full deployment of funds expected within FY26, supported by a robust pipeline of turn-key projects.