Havila Kystruten AS

Annual Report • Apr 25, 2024

Havila Kystruten AS

Integrated Annual Report 2023 - Presentation 25 April 2024

OPERATES THE HISTORIC NORWEGIAN COSTAL ROUTE

• · Havila Kystruten AS listed on Euronext Growth under ticker HKY
• · Operates the Coastal Route between Bergen and Kirkenes that has over 130 years of history
  • 34 ports and 6 nights north
  • 33 ports and 5 nights south
• · The route is operated under a concession for personnel and goods transportation with the Norwegian government
• · Contract duration from 2021 to end of 2030 (option from government to extend to 2031)
• · Havila Kystruten has four (4) out of eleven (11) vessels operating on the route
• · HKY is part of Havila Group, a family-owned enterprise founded by Per Sævik in Fosnavåg.

KYSTRUTEN

2023 Business Highlights

Top ranking in NABU Cruise Ranking The German environmental organization NABU ranked Havila Kystruten at the top of its cruise ranking for 2023, based on the efforts towards sustainable solutions and reduced carbon emissions.

"The Food Saver Award" The Norwegian dairy producer Q-Meieriene awarded Havila Kystruten with "The Food Saver Award" in November 2023, for the efforts towards reducing food waste on board the four coastal cruise ships.

	Q1 2023	Q2 2023	Q3 2023	Q4 2023
Vessels	2,0	2,0	2,8	4,0
Occupancy (%)	67 %	62 %	70 %	60 %
Cabin nights (#)	19 700	19 500	35 650	38 750
Cabin Factor (#)	1,7	1,8	1,8	1,8
Passenger nights (#)	32 700	34 150	62 850	67 750
Average cabin rate (NOK)	3 000	4 500	4 450	3 050

The World's Most Environmentally Friendly Cruise Fleet

LNG+ operations cuts CO2 by 35-40% With biogas, carbon neutral (90% reduction)

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ತ್ತಿದ್ದಾರೆ.
ಇದ್ದಿ ಪ್ರಸ್ಥೆ ಮಾಡಿದ್ದಾರೆ ಕಾರ್ಯದ ಮತ್ತು ಮೈಲ್ಡ್ ಮಾಡಿದ್ದಾರೆ.
ಇದರ್ಗ್ರಾಮಿ ಮಾಡಿದ್ದಾರೆ ಮಾಡಿದ್ದಾರೆ.
ಇದರ್ಗ್ನಾರೆ ಕಾರ್ಯದ ಮೊದಲ್ಲಿ ಮಾಡಿದ್ದಾರೆ ಕಾರ್ಯದ ಮೊದಲ್ಲಿ ಮಾಡಿದ್ದಾರೆ.
ಇದರಿಂದ

The world's largest battery packs Four hours sailing with zero emissions

NOx & SOx emissions reduced by 90%

Hydrogen 'ready'

Locally sourced food

Heat recovery from the sea and engines

«Plug-in hybrid» – LNG & battery cuts CO2 by 35%

The Havila road to carbon neutral operations

Today: Natural gas (LNG) + battery	35-40% CO2 ll NOX / SOX 90%
Gradual shift to Biogas (LBG) + battery	CO2 2025 -2026 50% ll 90% CO2 2028*
Vessels are ready for Hydrogen / Ammonia operation = Zero emission =	CO2 2030 = 100%
	*100% carbon neutral

Hydrogen is the least energy-intensive zero-emission fuel to produce and has the potential to become the least costly solution where battery or biofuel is not viable due to framework conditions or tender requirements. Crew on board the four vessels

Seasonal employees

Cadets/training

In land organisation

Fosnavåg, Hammerfest, Oslo, Sweden, UK, Germany

Women in the company

Gender split in BoD and Management

Local suppliers Provided excursions and experiences for our passengers

Tonnes of goods transported

Local travellers (commuters)

grams

average food waste per passenger night

tonnes

reduction of food waste compared to traditional buffet style dining

HAVILA VOYAGES