Soiltech — Investor Presentation 2026

May 12, 2026

First-quarter 2026 Presentation

12 May 2026

AN INNOVATIVE TECHNOLOGY LEADER IN WASTE MANAGEMENT

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DISCLAIMER

SOILTECH

This presentation (the "Presentation", which term shall be interpreted to include references to this document, the presenters' speeches, the question-and-answer session and any other related verbal or written communication) has been prepared by Soiltech ASA (the "Company" or "Soiltech"), a company with shares admitted to trading on Euronext Expand.

All the information herein has been prepared by the Company solely for use in relation to this Presentation. The information contained herein does not purport to contain all information concerning the Company. No party has made any kind of independent verification of any of the information set forth herein if not specifically expressed in the Presentation, including any statements with respect to projections or prospects of the business or the assumptions on which such statements are based. The Company does not make any representations or warranty, express or implied, as to the fairness, accuracy, reliability, completeness or correctness of this presentation or of the information contained herein. The information contained in this Presentation is current as of the date hereof and should be considered in the context of the circumstances currently prevailing and has not been, and will not be, updated to reflect material developments which may occur after the date of the Presentation. Neither the Company, nor any of its subsidiary undertakings or affiliates or any such person's directors, officers, employees, advisors or representatives (collectively the "Representatives") shall have any liability whatsoever arising directly or indirectly from the use of this Presentation or in any other written material furnished or information orally transmitted to a recipient of this Presentation.

Included in this Presentation are various "forward-looking statements", including statements regarding the intent, opinion, belief or current expectations of the Company or its management. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and outcomes to be materially different from any future results, performance or outcomes expressed or implied by such forward-looking statements, including, among others, risks or uncertainties associated with the Company's business, segments, development, growth management, financing, market acceptance and relations with customers, and, more generally, general economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments, fluctuations in currency exchange rates and interest rates and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this Presentation. An investment in the Company and its shares involves risks, and several factors could cause the actual results, performance or achievements of the Company as described herein to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this Presentation. Reference is made to the risk factors included in the listing prospectus published by the Company in relation to the listing on Euronext Expand, available on www.soiltech.no.

This Presentation is not a prospectus or similar registration document and does not constitute or form an offer to sell, or a solicitation of an offer to purchase, any securities in any jurisdiction, and neither the issue of this Presentation nor anything contained herein shall form the basis of or be relied upon in connection with, or act as an inducement to enter into, any investment activity. This Presentation should not be considered as a recommendation by the Company, or any other person in respect of the Company, including any affiliated companies or successors, to invest in its securities.

This Presentation is governed by Norwegian law and any disputes related to it are subject to the ordinary courts of Norway.

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AGENDA

SOILTECH

1. HIGHLIGHTS
2. Operational Highlights / Markets / Investments
3. Financial review
4. Outlook

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SOILTECH

SOILTECH DELIVERS STRONG RESULTS IN THE QUARTER.

PLACING EQUIPMENT ORDERS FOR MORE THAN NOK 100 MILLION

SOLID FIRST-QUARTER

• Q1 revenue of 100 million
• Q1 EBITDA adj. of NOK 25 million
• Q1 profit before tax of NOK 10 million

GOOD START TO THE YEAR

• Increased revenues, EBITDA and net profit year over year
• Higher margins year over year
• Strong operational performance
• High activity across the contract portfolio

NOK 100 MILLION+ INVESTMENTS IN NEW EQUIPMENT

• Strong market visibility
• Placed orders for new equipment of NOK 100 million+ in 2026
• Strengthened business development and sales team

LISTING ON EURONEXT OSLO BØRS

• Uplisting to Euronext Oslo Børs on 30 April 2026
• Expected to strengthen investor visibility and share liquidity

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AGENDA

SOILTECH

1. Highlights
2. OPERATIONAL HIGHLIGHTS / MARKETS / INVESTMENTS
3. Financial review
4. Outlook

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OPERATIONAL HIGHLIGHTS / MARKETS / INVESTMENTS

SOILTECH

STRONG MARKET VISIBILITY

• Equinor exercised option to extend the Frame contract with two years until 31 May 2028. Three 2-year extension options remain. Announced post-quarter
• NCS showing rare positive visibility, with operators signalling sustained long-term activity
• Off to a good start in Saudi Arabia - good reception of our fluid treatment technologies
• Swarf contract in Dubai - startup scheduled for Q3 2026
• The unrest in the Middle East has had only a limited impact on overall activity

INVESTING IN NEW EQUIPMENT TO CAPTURE FURTHER GROWTH

• In 2026, we have ordered new equipment for more than NOK 100 million for delivery in 2026 and early 2027
• Attractive growth opportunities exist within both Solid waste management and Fluid treatment
• The market in Europe incl. Norway continues to strengthen for Soiltech's service portfolio

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SOILTECH

CONTRACT STATUS NORWAY

NORWAY			2026				2027				2028				2029				2030
Rig Name	Rig Type	Client	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
Askeladden	Jackup	Equinor
Askepott	Jackup	Equinor
Oseberg B	Platform	Equinor
Oseberg Sør	Platform	Equinor
Heidrun	Platform	Equinor
Vizund	Platform	Equinor
Grane	Platform	Equinor
Njord B (Call Out)	FSU	Equinor
Njord A	Platform	Equinor
Deepsea Stavanger	Semisub	Odfjell Drilling
COSL Promoter	Semisub	COSL Drilling
Noble Invinoible	Jackup	Noble Drilling
Noble Integrator	Jackup	Noble Drilling
Deepsea Aberdeen	Semisub	Odfjell Drilling
Deepsea Atlantic	Semisub	Odfjell Drilling
Deepsea Yantai	Semisub	DNO, Wellesley
Deepsea Bolista	Semisub	Northern Ocean
Transocean Enabler	Semisub	Transocean
Transocean Spitsberge	Semisub	Transocean
Shell Drilling Barsk	Jackup	Shell Drilling
West Elara	Jackup	Total
Floater	FPSO	Undisclosed

Note: Contract start, and duration is Soiltech's best estimate. Contracts normally follow the rig's contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity.

New since last update
Firm
Option
Completed since last update: None

Source: Company

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CONTRACT STATUS INTERNATIONAL

SOILTECH

INTERNATIONAL				2026				2027				2028				2029				2030
Rig Name	Rig Type	Client	Location	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3
Swift 10	Jackup	Wintershall Dea/One Dyas	Netherlands
Mariner A	Platform	Odfjell Technology	UK
Transocean Barents	Semisub	OMV Petrom	Romania
Noble Resilient	Jackup	Petrogas	UK
Noble Resolute	Jackup	Noble/Eni	UK
Various	On land	Estedama Environmental Solutions	Saudi Arabia
TBN	Jackup	Wellbore Integrity Solutions	Dubai

New since last update

Firm

Option

Completed since last update: None

Note: Contract start, and duration is Soiltech's best estimate. Contracts normally follow the rig's contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity.

Source: Company

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AGENDA

SOILTECH

1. Highlights
2. Operational Highlights / Markets / Investments
3. FINANCIAL REVIEW
4. Outlook

9

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SOILTECH

FIRST-QUARTER 2026

• Revenues of 100 million, +17% year on year (YoY)
• EBITDA adj. of NOK 25 million, +36% YoY
• EBITDA adj. margin of 25%, up from 21% YoY
• Profit before tax of NOK 10 million, up from NOK 7 million YoY
• Profit before tax margin 10%, up from 8% YoY

Revenue / Business segments

• Fluid treatment NOK 59 million + 19% YoY, 59% of total revenue
• Solid waste management NOK 41 million +14% YoY, 41% of total revenue
• Commercial uptime 100% across all projects

Historical trend

Key figures

Revenue	Adjusted EBITDA	EBITDA adj. margin
NOK 100m
+17% YoY	NOK 25m
+36% YoY	25 %
vs. 21% in Q1/25
Profit before tax	PBT margin	Earnings per share
NOK 10m
+42% YoY	10 %
vs. 8% in Q1/25	NOK 0.85
vs. NOK 0.66 in Q1/25
Net Cashflow from operating activities	ROCE	NIBD / EBITDA
NOK 12m
vs. NOK 8m in Q1/25	15 %
Return on capital employed	1.94x
12-month rolling

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SOILTECH

KEY FINANCIALS

INCOME STATEMENT (MNOK)	Q1 2026		Q1 2025		FY 2025
Revenue	100		86		401
Operating cost	56		53		242
Gross profit	44	44 %	33	38 %	159	40 %
SG&A	19	19 %	15	17 %	63	16 %
EBITDA adj.	25	25 %	18	21 %	96	24 %
Adjustments	0		-1		-4
EBITDA	24		17		92
Depreciation	9		7		32
Operating profit	15	15 %	11	13 %	60	15 %
Net financial items	5		4		18
Profit before tax	10	10 %	7	8 %	41	10 %

Adjustments are non-cash cost related to share incentive scheme

FINANCIAL METRICS (MNOK)	YTD 31 Mar26
Earnings per share (EPS)	NOK 0.85
Return on capital employed (ROCE)	15 %
NIBD/EBITDA (12 month rolling)	1.94

ROCE = (Operating profit + Adjustments + Merger & IPO expenses) last 12 months / (Total assets – Current liabilities), average last 12 months
EPS = Profit after tax / weighted average number of shares in the period

BALANCE SHEET (MNOK)	31 Mar26	31 Mar25
Total assets	600	440
Current liabilities	84	78
Non-current liabilities	245	152
Total equity	271	210
Total equity and liabilities	600	440
Equity ratio %	45 %	48 %

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CASHFLOW

SOILTECH

12

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AGENDA

SOILTECH

1. Highlights
2. Operational Highlights / Markets / Investments
3. Financial review
4. OUTLOOK

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OUTLOOK

SOILTECH

• A strong order backlog and solid financial position make Soiltech well positioned for continued profitable growth
• Key drivers are strong operational performance and growing demand for technologies enhancing efficiency, waste reduction and recovery
• The uplisting to Euronext Oslo Børs supports these growth ambitions
• Market visibility remains strong, underpinned by global demand for secure energy
• We expect solid growth in activity from the second quarter of 2026 and onwards, supported by our investments in new equipment and strong market momentum

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Contact: Tove Vestlie CFO / Investor Relations
Email tove.vestlie@soiltech.no
Mobile +47 90690648

SOILTECH
Soiltech ASA
Koppholen 25,
4313 Sandnes, Norway
www.soiltech.no