AN INNOVATIVE TECHNOLOGY LEADER IN WASTE MANAGEMENT Pareto Securities’ Energy Conference 16.09.2026 Jan Erik Tveteraas, CEO
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DISCLAIMER This company 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, solely for information purposes in relation to an oral company presentation held today on 16 September 2026 at the Pareto Securities’ Energy Conference 2026. All of 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 subsidiaries 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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WHO WE ARE
In short A fast-growing, innovative technology leader in waste management Two business areas: Fluid treatment and Solid waste management
Market leading technologies
Strong contract portfolio¹
26 Fluid treatment operations
6
Solid waste management operations
30%+ CAGR in revenue and EBITDA last 5 years Strong operating team
11 Semis
10 Jack-up rigs
8 Platform rigs
1 FPSO
Operates world-wide and headquartered in Norway 155 employees
Note 1. As of 14.09.2026
1 Onshore operation 3
OUR BASIS FOR CONTINUING THE PROFITABLE GROWTH Combining growth and profitability
NOKm
Strong revenue growth combined with consistently solid margins.
120
132
140
Revenue / quarter
100 80
Scalable, recurring business model
60
Recurring revenues from long-term relationships with blue-chip clients.
40 20
2023
Proven, cost-effective technologies Differentiated solutions addressing customers’ cost, efficiency and sustainability priorities.
2024
2025
2026
NOKm 36
EBITDA adj. / quarter
35 30 25
Favorable market outlook High market activity, growing international footprint and continued investment in capacity.
20 15 10 5
2023
2024
2025
2026
Targeting NOK 1 billion in revenue by 2030, EBITDA adj of 25%+ and ROCE of min. 15% 4
INCREASING THE VALUE PROPOSITION Going from a Fluid treatment provider to larger, fully integrated waste management projects. Example: Norway mobile rigs
Since 2012
Typical project size / year
13 Fluid treatment operations
MNOK 10
Market share 60%¹
Typical project size / year
Since 2023
MNOK 25
Since 2026
Two (2) Solid waste management operations on rig Market share 10%¹
Typical project size / year MNOK 40
Solid waste management – Two (2) Boat transfer/ logistics operations Market share 10%¹
Note 1. Norway mobile rig market. Soiltech estimates for market share and project size
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RECORD HIGH INVESTMENT LEVEL WHILE MAINTAINING ROCE
Investing to capture expected growth from 2027 onwards.
NOKm
Equipment orders of NOK 250M in 2026 YTD, whereof 200M in 1H 2026 + another NOK 50M in third quarter
ROCE%
250 15% 200 13%
150 11%
200
100
9%
161 50
86
90
2023
2024
7%
-
5%
2025
2026
Investments 2023 – 2026YTD 6
BLUE-CHIP CLIENT BASE
Selected clients. Source: Company
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BUILT SOLID FUNDAMENT FOR FURTHER GROWTH NORWAY Rig Name
2026
Rig Type
Client
As kel a dde n
Jackup
Equi nor
As kepott
Jackup
Equi nor
Ose berg B
Pla tform
Equi nor
Ose berg Sør
Pla tform
Equi nor
Hei drun
Pla tform
Equi nor
Vis und
Pla tform
Equi nor
Gra ne
Pla tform
Equi nor
Njord A
Pla tform
Equi nor
Snorre A
Pla tform
Equi nor
Deeps ea Sta va nger
Semis ub
Odfje l l Dri ll ing
COSL Promoter
Semis ub
COSL Dril li ng
Nobl e Invi nci bl e
Jackup
Nobl e Dril li ng
Nobl e Inte gra tor
Jackup
Nobl e Dril li ng
Deeps ea Aberdeen
Semis ub
Odfje l l Dri ll ing
Deeps ea Ya nta i
Semis ub
DNO, We ll es l ey
Deeps ea Boll s ta
Semis ub
Odfje l l Dri ll ing
Tra ns oce a n Ena bl er
Semis ub
Tra ns ocea n
Tra ns oce a n Spi ts berge n
Semis ub
Tra ns ocea n
Shel f Dri ll i ng Bars k
Jackup
She l f Dri l li ng
We s t Ela ra
Jackup
Tota l
Jotun FPSO
FPSO
Vå r Energi
Tra ns oce a n Norge
Semis ub
OMV Norge
Rig Name
INTERNATIONAL Rig Type Location Client
Swift 10
Jackup
NL
Wintershall Dea
Mariner A
Platform
UK
Odfjell Technology
Transocean Barents
Semisub
Romania
OMV Petrom
Noble Resilient
Jackup
UK
Free placement
Noble Resolute
Jackup
UK
Noble/Eni
Onshore
Various
Saudi Arabia
Saudi Aramco / Estedama
TBN
Q1
Jackup
Dubai
Wellbore Integrity Sulutions
Shelf Winner
Jackup
NL
Tenaz NL
Paul B. Loyd JR
Semisub
UK
Ithaca
Deepsea Atlantic
Semisub
UK
Odfjell Drilling
New since last update Firm Option
Q1
Q2
Q3
2026 Q2 Q3
2027 Q4
Q4
Q1
Q1
Q2
Q3
2027 Q2 Q3
2028 Q4
Q4
Q1
Q1
Q2
Q3
2028 Q2 Q3
2029 Q4
Q4
Q1
Q1
Q2
Q3
2029 Q2 Q3
2030 Q4
Q4
Q1
Q1
Q2 Q3 Q4
2030 Q2 Q3 Q4
Growth drivers 31 contracts whereof 21 runs into 2028 and beyond, incl. options Growth opportunities by increasing SOW on existing contracts: Fluid treatment on 26 rigs while Solid waste management on 6 rigs Soiltech SmartTransfer solutions has been a success with clients Remote operations remains key focus Solid waste management with significant upside potential Existing operations in Saudi Arabia and U.A.E. expected to be ramped up over time
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.
Completed since last time: Deepsea Atlantic moved to international (UK) Nord B FSU taken out as working on call-out basis
Source: Company
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GROWTH OPPORTUNITIES EUROPE INCLUDING NORWAY
Visibility in Norway remains unusually strong Exploration and development drilling expected to increase Key E&P companies target to maintain or increase production towards 2035 UK market with signs of improvement, Dutch market holding up well
Norway market estimated at ca. NOK 3 billion¹, while Soiltech estimated revenue in Norway for 2026 is NOK 350-360 million
Soiltech market share Norway 12%
Significant upside potential
Note 1. Soiltech estimate
Source: Company
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GLOBAL GROWTH OPPORTUNITIES Soiltech addressable core market >620 offshore installations globally1. Substantial growth opportunities within onshore markets (Middle East ++)
EUROPE
37
US GULF NORWA MEXICO
WEST AFRICA
24
30
47
MIDDLE EAST
166
SE ASIA
34
FIXED INSTALLATIONS
120
BRAZIL OTHER MAKETS OTHER GEOMARKETS
133
29
Focus areas
Note 1: Rig count includes approx. 500 mobile rigs and 120 fixed installations. Source: Fearnley Securities equity research, HIS Markit
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WHY SOILTECH Combining growth and profitability Strong revenue growth combined with consistently solid margins.
Scalable, recurring business model Recurring revenues from long-term relationships with blue-chip clients.
Proven, cost-effective technologies Differentiated solutions addressing customers’ cost, efficiency and sustainability priorities.
Favorable market outlook High market activity, growing international footprint and continued investment in capacity.
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Contact: Tove Vestlie CFO / Investor Relations Email tove.vestlie@soiltech.no Mobile +47 90690648
Soiltech ASA Koppholen 25, 4313 Sandnes, Norway www.soiltech.no
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