# DOF_Group_ASA_2026_CMD_presentation_15_September_2026.pdf

- Press release: DOF Group ASA - Capital Markets Day, 15 September 2026 (2026-09-15)
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**TL;DR —** DOF Group ASA is experiencing record backlog and high activity levels, driven by strategic fleet high-grading, strong market demand for high-end AHTS and subsea vessels, and long-term contracts, while maintaining a healthy financial position and returning capital to shareholders.

## Takeaways
- DOF Group's backlog reached an all-time high of ~$7.2 billion as of September 2026, with ~92% of 2026 revenue guidance secured.
- The company has strategically reduced its value-weighted fleet age by 2.9 years through acquisitions and divestments, with the subsea fleet (CSV & PLSV) age decreasing by 3.4 years to 10.9 years (including newbuilds).
- High-end AHTS vessels with cranes demonstrate significantly higher earnings capacity, with average asset EBITDA for such vessels reaching up to $357 million in 2025, compared to conventional AHTS vessels at $30 million.
- Brazil is a key growth region, with 7 AHTS and 7 subsea vessels securing new 4-year contracts with Petrobras, totaling over $1.9 billion, and 4 newbuild RSV contracts worth approximately $2.0 billion.
- DOF Group has consistently delivered on financial guidance, with 2025 EBITDA at $781 million (vs. guidance of $720-$800 million), and has returned over $500 million to shareholders as dividends since June 2025.

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