EXMAR report 2023

Remuneration and Company performance over 5 years (1) including audit and risk committee / nomination and remuneration committee (2) annualised to allow a meaningful comparison (3) including the remuneration of the executive chairman and deputy CEO in 2020 (4) excluding share options granted (5) proportionate consolidation method Share Options The last outstanding share options were exercised in the course of 2023. The last share option plan issued by the Company (Plan 10) matured on 16 December 2023. On the basis of the recommendation of the Nomination and Remuneration Committee the Board of Directors decided not to grant new share options for the year 2023. 2018 % var. 2019 % var. 2020 % var. 2021 % var. 2022 % var. 2023 % var. Global remuneration Board of Directors and executive committee Global remuneration of the Board of Directors (1) (2) (in thousands of EUR) 580 0% 650 12% 600 -8% 580 -3% 580 0% 530 -9% Global remuneration of the CEO (3) (4) (in thousands of EUR) 2,097 8% 998 -52% 1,876 88% 575 -69% 1,075 87% 862 -20% Global remuneration of the other members of the Executive Committee (4) (in thousands of EUR) 2,991 -12% 2,493 -17% 1,530 -39% 1,355 -11% 1,844 36% 2,761 50% Financial performance of the Company Net result for the period (in thousands of USD) -16,070 -157% -13,202 -18% 91,960 -797% 11,635 -87% 320,348 2653% 71,861 -78% EBITDA for the period (5) (in thousands of USD) 67,371 -52% 100,915 50% 239,855 138% 113,486 -53% 401,677 254% 154,823 -61% Adjusted EBITDA for the period (in thousands of USD) 36,471 -18% 80,400 120% 77,655 -3% 56,186 -28% 82,518 47% 154,823 88% EBIT for the period (in thousands of USD) 22,017 -69% 34,377 56% 137,646 300% 36,975 -73% 353,073 855% 95,243 -73% Net financial indebtedness/adjusted EBITDA 15,32 36% 7,01 -54% 6,28 -10% 8,76 39% -1,27 -115% 1,63 228% “Beach at La Panne” Mu.ZEE Photographer: Cedric Verhelst REMUNERATION REPORT 2023 115