Argeo AS

Investor Presentation • Feb 3, 2022

Digitizing the ocean space

Pareto Securities'Power & Renewable Energy Conference

3 FBRUARY 2022 TROND CRANTZ, CEO ARGEO

HIGH CAPABILITY ROBOTICS SOLUTIONS

UNIQUE IMAGING AND MODELLING TECHNOLOGY

"FASTER, BETTER, GREENER AND AT A LOWER COST"

ARGEO'S MISSION

Transforming the ocean surveying and inspection industry

Utilising autonomous underwater and surface vehicles and unique sensor and imaging technology

to significantly increase efficiency and quality

And to substantially reduce the industry CO2 footprint

Robotics and digital solutions for the ocean space

ENGINEERING & CONSTRUCTION

• Data acquisition, imaging and underground modelling for large infrastructure projects.
• High accuracy imaging reducing project risk and construction costs

O&G SURVEY INSPECTION

• Offshore field design, location of platform and subsea infrastructure
• Investigation of routes for pipelines
• Detection of damage and erosion on existing installations

OFFSHORE WIND

• Wind farm design of foundations, substations etc.
• Investigation of routes for power cable
• Inspection of existing infrastructure

DEEP SEA MINERALS

• Exploration for Deep -Sea Minerals (DSM)
• Wide use of sensors and in -house technology for mineral deposits characterization, a system under development by Argeo Robotics

Sustainable development goals is part of the Argeo's philosophy and vision

Reduced carbon footprint in operation

Vital surveys of environmental impact

Argeo solutions key to examine impact on habitat and species below water

Argeo can collect data for benthic surveys through non-physical samples

Strong committment to minimise impact on the environment

Reduced HSE exposure to the Argeo employees

Contributing to a sustainable future

KEY FOR SUSTAINABLE LOCALIZATION, INSTALLATION AND OPERATIONS IN A WIDE RANGE OF OFFSHORE INDUSTRIES

Transforming the ocean surveying and inspection industry

WITH A MAGNITUDE OF DIFFERENCE

Argeo's tools are high-capability AUV's with complimentary abilities

• Light and very scalable
• Autonomous

• Low CO2 footprint

• Resident

• Operate in tight spaces

• Up to 60 hours battery capacity

• Resident
• Operate in tight spaces

Accelerating offshore wind development ENABLING RENEWABLES:

• Increase confidence and reduce risk from
• Reduce time needed for optimizing development

Cover the whole wind farm

Large survey replaces numerous small ones Less resources spent by authorities and developers

>30% cost reduction to client

Bringing multi client to wind farming ENABLING RENEWABLES:

Argeo's Multi Client model

Argeo survey the entire wind park creating high-resolution imaging and bathymetry of the ocean bottom building a digital library.

Offshore wind value chain overview and description

Strong service potential for Eelume

FOUNDATION INSPECTION & REPAIR

35 - 60 MNOK

Eelume Highly relevant

60 - 85 MNOK

Eelume Highly relevant

SUBSTATION MAINTENANCE & SERVICE

Eelume partially relevant

ENABLING RENEWABLES:

Discover Unexploded Ordnance more than twice as fast

2-3 TIMES FASTER THAN TRADITIONAL METHODS

Build more efficiently with less risk

• Shorter time to results
• Significantly reduce cost
• Lower carbon footprint
• Accurate classification
• Less risk with autonomous solution

Argeo – The Integrated Solution Partner

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Argeo's contribution to the renewable market

Cutting-edge technology and significantly Faster, better, greener services at a lower cost

Global player with fast moving strategic rollout strategy

Services contribute to significantly lower fuel consumption and man hours in operations

For customers, climate neutral data at a lower cost and with significantly reduction in man hour exposure