Reach Subsea (REACH) Pareto Securities' 33rd Annual Energy Conference presentation summary

Business overview and operations

• Global provider of offshore and subsea services with operations across all time zones and a tier-one customer base including major energy companies.

• Operates a fleet of 9 (+2) chartered vessels and 4 (+2) uncrewed surface vessels, with headquarters in Norway and offices worldwide.

• Offshore operations have been ongoing since 2012, with a growing focus on robotics and uncrewed vessels.

Technological innovation and fleet development

• Developed the world's first uncrewed vessel for intervention, Reach Remote 1, which operates under shore control and has entered the UK sector.

• Reach Remote 1 and 2 were ordered in 2022, delivered and mobilized in 2025, with Reach Remote 3 and 4 scheduled for 2027.

• The uncrewed vessels are capable of carrying full work-class ROVs and operating in harsh offshore conditions.

Operational performance and environmental impact

• Over the past 18 months, the uncrewed fleet has completed ~1,000 uncrewed days, operating in Norway, the UK, and Australia for major clients.

• Reach Remote 1 achieved an 88% reduction in marine diesel consumption compared to crewed vessels for similar activity hours.

• Demonstrated continuous operation, including long voyages and work in heavy weather, with measurable emissions reductions.