Highlights and Key Figures for Q3 2018

Highlights: High sales activity in closing and pursuing monopile projects for 2019-2021 timeframeAppointment and start of CEO Fred van BeersProduction resumed in August after 4-month black-out period Successful testing of blue piling innovation Material supplies and load-outs...

Highlights:

• High sales activity in closing and pursuing monopile projects for 2019-2021 timeframe
• Appointment and start of CEO Fred van Beers
• Production resumed in August after 4-month black-out period
• Successful testing of blue piling innovation
• Material supplies and load-outs delayed beyond Sif's control 

Key figures:

• Year-to-Date contribution decreased to €57.0 million (€104.7 million YTD 2017)
• Adjusted EBITDA Year to Date fell to €13.0 million (€44.9 million YTD 2017)  
• Operating Working Capital at end of Q3 2018 €28.4 million (€32.7 million at end of Q2 2018)
• Net Debt at end of Q3 2018 €43.1 million (€52.5 million at end of Q2 2018)
• Throughput of 19 Kton brings Year to Date production to 100 Kton (167 Kton YTD Q3 201
  • 74% for offshore wind
  • 26% for offshore oil & gas & other
• Order book 45 Kton for Q4 2018, 200 Kton for 2019 and 90 Kton for 2020

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