EXMAR report 2025

3.1 Sustainability at EXMAR 74 Risks and Opportunities To evaluate whether the identified risks and opportunities are materially significant for EXMAR, the following criteria were applied:  Likelihood : as from 2/3 chance  Magnitude : Financial magnitude and reputational magnitude with the following thresholds - as from 3.750.000 USD or 5% of total operating income - international coverage. It is crucial to recognize that we have carefully rationalized these risks and opportunities to ensure an objective and balanced assessment. A fair scoring process is guaranteed, irrespective of whether risks or opportunities are recurring or one-time events, ensuring a comprehensive understanding of potential implications for the organization. In addition, the applicable thresholds are set in alignment with EFRAG (European Financial Reporting Advisory Group) guidance, correspond with EXMAR’s risk tolerance and are based on a cross- check between the descriptive explanation and the principles and scoring mechanism. SCALE SCOPE IRREMEDIABILITY LIKELIHOOD Environment LT impact Personal injury/ Sickness Wellbeing SCORING: MINIMAL / LIMITED Minimal Negligent First Aid or restricted workday case Headache, nausea, … leading to minimal work absence Minimal impact Local (one vessel, small town) <20% of EXMAR Group Very easy to remedy Temporary impact 0-20% chance SCORING: LOW / CONCENTRATED Low No LT ecosystem impact Medical treatment case, headache, nausea, burnout, … Leading to work absence Low impact Regional (several vessels, a city) 20-40% of EXMAR Group Relatively easy to remedy Impact can be restored 21-40% chance SCORING: MEDIUM Impact AND minor ecosystem impact Lost workday case, permanent partial/total disability, local health outbreak Medium impact Country (majority of vessels, several regions in one country) 40-60% of EXMAR Group Remedy with effort Impact can mostly be restored 41-60% chance SCORING: HIGH / WIDESPREAD Impact AND considerable ecosystem impact Event leading to a single death Occupational diseases High impact Continental (all vessels, several countries in one continent) 60-80% of EXMAR Group Very difficult/costly to remedy 61-80% chance SCORING: ABSOLUTE / GLOBAL / TOTAL Direct & imminent impact on environment & ecosystem Event leading to multiple deaths Absolute impact Global >80% of EXMAR Group Irreversible 81-100% chance LIKELIHOOD MAGNITUDE Scoring Financial Reputational Minimal / Limited 0-20% chance 0-100,000 USD <0.02% of operating income <0.15% of net result No publicity, only internal Low / concentrated 21-40% chance 100,000 – 1,000,000 USD 0.02-0.2% of operating income 0.15%-1.5% of net result  Minimal publicity, local Medium 41-60% chance 1,000,000 – 2,500,000 USD 0.2-0.5% of operating income 1.5%-3.5% of net result  Local frontpage news / one-time international publicity High / widespread 61-80% chance 2,500,000 – 5,000,000 USD 0.5-1% of operating income 3.5%-7% of net result  Multiple days international coverage Absolute / global / total 81-100% chance > 5,000,000 USD <1% of operating income >7% of net result  Multiple days international coverage, recurring over months Long lasting effects