Floatel International Ltd: Second Quarter Interim Report and Presentation

Oslo – August 24, 2022 – Floatel International Ltd (“Floatel”) presents its consolidated financial statements for the second quarter of the financial year 2022.

Highlights:

• The second quarter fleet utilization was 67%. Total firm contract backlog (excluding options) was approximately USD 119 million as of June 30, 2022.

• Revenues for the second quarter were USD 45.9 million and EBITDA amounted to USD 15.2 million.

• Floatel Endurance and Superior continued their charters for Equinor on the Norwegian continental shelf during the quarter. Both charters have been extended and now ends October 31, 2022.

• Floatel Triumph commenced its charter for Inpex at the Ichthys field in Australia on June 20, 2022 and the charter for Shell at Prelude in Australia due to commence in August has after the reporting period been suspended, details to follow.

• Floatel Victory continued its charter for Equinor in Brazil to provide Maintenance and Safety Unit services during the quarter. Equinor has extended the charter so firm period ends on December 27, 2022.

Management will host a conference call today August 24, 2022 at 14.30 CEST to present the results. Interested persons can register using the details provided on the website www.floatel.no. A replay will be available for 21 days following the presentation by using the link provided on the website after the conference call.

For further information, please contact:

Peter Jacobsson, CEO

Tel: +47 465 00 133 ; Mob: +47 934 00 232

Tomas Hjelmstierna, CFO

Tel: +47 465 00 133; Mob: +47 934 00 381

Download Q2-2022 Report here

Download Q2-2022 Presentation here