Letter From the Group CEO Go to contents 3 Healthy financial results secure our long-term future Our turnover grew from €62 million to €80 million. This growth was delivered not with a higher volume of projects, but with higher value projects. Indeed, the average value of our projects increased to €15 million, and we secured our highest value project to date, the over €47 million facade for the Landspítali Hospital in Iceland. The focus of our management team in 2022 was on ensuring stable income and revenue with a high priority on cash flow. I am very proud of our management team, and the fact that our quite conservative approach in uncertain times has yielded a very healthy financial result. We remain unleveraged and have good liquidity ratios. Prioritising resilience and long-term stability in volatile times 2022 started very positively for us, with the launch of our corporate sustainability strategy and an extensive rebrand (more on those in a moment). Nevertheless, the direction and mood of the year was heavily impacted by Russia’s invasion of Ukraine in late February. Along with the personal impact this had on us all, it also represented another major disruption for our operations following COVID-19 and the upheaval in the supply chain that had impacted us in the previous two years. Initially, it was impossible to tell what the impact of the war would be: how long it would last or what it meant for the geopolitical situation. Furthermore, many of our team were understandably scared and unsettled. Meanwhile, the markets reacted and many developers started to reconsider investments in new projects. We benefited from the fact that we had taken the strategic decision years before to build our supply chain without using companies from Russia or Belarus. Nevertheless, material prices, including glass, increased after the onset of war, and the energy crisis followed. Our teams worked exceptionally hard and effectively Staticus consolidates and grows in 2022 thanks to its resilience and agility For the 3 rd year in a row, I am starting my letter by writing that this was a year like never before. After the turbulence of COVID-19 and global supply chain disruption, 2022 saw the outbreak of war and the subsequent crises in energy and material prices. I am immensely proud that, in the face of these challenges, Staticus once again demonstrated its resilience. Our team was agile, tenacious and creative, enabling us to secure our largest-ever contract, enter new markets, grow our annual revenue, and expand our team. We remain unleveraged and in a healthy financial position, which gives us something hugely valuable in these turbulent times - security. This means safety and stability for our people and our clients, and is the foundation for all of the valuable work we do in R&D and sustainability, and in delivering benchmark-setting projects. Aušra Vankeviėičtū / Group CEO, Staticus Our commitment to the long-term and our extremely talented team enabled us to secure consistent growth and profitability in 2022, in line with our 3 year strategy. “