Financial Results & Business Plans Go to contents 66 Staticus’ plans and forecasts Staticus has clear business plans moving forward into 2023. 2023 will also see the completion of our current strategic cycle, so by the end of the year we will have in place our strategy for the next 3 years. We have developed forecasts for the upcoming year, and below are our highest priority goals for 2023. Strategic cycle completion Throughout 2023, a team of employees from different departments will be working hard to formulate our strategy for the 2024- 2027 period. This process will be supported by consultants from the Swiss business school IMD. In parallel, we will be striving to meet the strategic targets we committed to 3 years ago. We are on track in all areas: — In terms of revenue, we expect to hit our target of EUR 100 million in 2023; — We have already met our strategic target regarding which markets we are present in, and our goal in 2023 is to maintain this presence; — We expect to further expand our presence in the UK market in 2023, and aim to win our first projects in the Benelux region and Switzerland. Maintaining our current market share and stable revenue By focusing on the company’s growth and on profit optimisation, we will strive to maintain our current market share and to ensure stable revenue in 2023. Currently, our highest-income projects are North Zealand Hospital (Hovedstaden), Canada Water (London), Clarendon Road (London), Stavanger (Oslo), and Landspitali (Reykjavik). These are followed by S1 (Stockholm), Oxford University (Oxford) and the Radiumhospitalet (Oslo). Ensuring sufficient cash flow and high liquidity In the context of the ongoing war in Ukraine and the concerning situation in the financial markets, Staticus’ top priority is to ensure sufficient cash flow and high liquidity. This will enable projects to be developed smoothly and prevent disruptions in supply and billing. With a liquidity ratio between 1.1 and 1.6, the Group has sufficient short-term liquid assets to cover its current liabilities. In other words, this ratio indicates that the Group can pay off its debts and obligations as they become due without having to sell off long-term assets or take on additional debt. In addition, the Group is not leveraged. This reduces financial risk, increases investor confidence and provides more flexibility for growth. Sustainability, talent and transformation In these areas, we expect 2023 to be a year of continuity with a strong focus on implementation. — Having formulated our Corporate Sustainability Strategy in 2022, in 2023 we will define KPIs for each of our 5 sustainability focus areas; — We will also determine how we measure each KPI; — Our Sustainability Lead will continue working with the CWCT on establishing industry standards for embodied carbon in façades; — Regarding Agile, in 2023 we will define clear roles and responsibilities for all team members within our new Agile framework. Planned R&D activities 2023 will be an intensive year in terms of our R&D activities. Our new testing rig will be installed and operational, which will add further impetus to other R&D projects. We will continue the development of our hybrid unitised façade, building a prototype and testing the IoT sensors in real conditions. We also aim to establish more partnerships with leading universities and research institutions.