Operational Highlights and Key Figures Q1 2021
Operational highlights

One Lost Time Injury
Production of monopiles for Hollandse Kust Zuid and preparations for Dogger Bank A;
Marshalling services for Kincade floating wind project and preparations for contract with Siemens Gamesa for marshalling services as of December 2021;
KCI the engineers acquisition finalized and consolidated as of 1 March 2021;
Continued mitigation measures in relation to COVID 19 pandemic;
Workforce at end of Q1 (KCI included) at 389 permanent and 177 flexible FTE (End of Q1 2020; 312 permanent and 236 flexible);
Sick leave at 4.4% (8.2% Q1 2020);
Total throughput of approximately 44 Kton steel or 53 monopiles (35 Kton in Q1 2020).
Key figures

Contribution €27.1m (€20.8m Q1 2020) of which €0.4m for marshalling (€0.4m in Q1 2020) and €0.4m for engineering services;
EBITDA €8.1m (€2.7m Q1 2020);
Net Working Capital at end of Q1 2021 - €24.9m (- €41.8m at end Q1 2020);
Net cash at the end of Q1 2021 €36.7m (€ 21m net cash at end Q1 2020)[1];
Order book approximately 140 Kton for remainder 2021 and 250 Kton for 2022-2023.
[1] Net debt corrected for IFRS16 effects.

For the full release reference is made to the attached PDF
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https://sif-group.com/en/investor-relations/trading-update-q1-2021/