Baltica 2 Offshore Wind Farm Construction phase Guard Vessel

The contract regards guard vessel service regarding Baltica 02 Offshore Wind Farm Project and its crew shall be capable of completing the following activities relevant for the operation, includ-ing but not limited to:

• continuously monitor the offshore wind farm site for the presence of any vessels not involved in the construction or operation of the project

• to protect subsea assets from damage caused by fishing, anchor damage, or other ma-rine activities

• take on the responsibility to provide safety and standby services, often assisting with rescue operations and evacuation

The contract regards guard vessel service regarding Baltica 02 Offshore Wind Farm Project and its crew shall be capable of completing the following activities relevant for the operation, includ-ing but not limited to:

• continuously monitor the offshore wind farm site for the presence of any vessels not involved in the construction or operation of the project

• to protect subsea assets from damage caused by fishing, anchor damage, or other ma-rine activities

• take on the responsibility to provide safety and standby services, often assisting with rescue operations and evacuation

The Applicant is encouraged to submit the latest two signed and approved annual reports. The Contracting Entity will assess the economic and financial capacity. The Applicant ap-plies for prequalification based on the below key financial figures for the latest two signed and approved annual reports.

• Turnover (revenue)

• Earnings before tax (EBT)

• Current assets

• Total assets (sum of all assets)

• Total shareholder’s equity (equity including minority shares)

• Current liabilities

• Intangible assets

• Inventories

• Trade receivables

• Cash and cash equivalents

• Trade payables

• Total interest-bearing debt (bank loans, draw on revolving credit facilities and corpo-rate bonds) The evaluation of the Applicant’s economic and financial capacity will be based upon the information submitted and will be an assessment of the following three areas (in prioritized order), all for the latest audited annual report unless otherwise mentioned below: (a) Capital structure, in prioritized order (but where the two items marked with a * have equal priority) consisting of:

- Estimated contract value to equity,

- Solvency ratio, (equity / total assets),

- Change of Tangible Net Worth, (equity less intangible assets) (based on both audited annual reports) and - Debt to equity* - Debt to earnings* (b) Liquidity, in prioritized order (but where the two items marked with a * have equal pri-ority) consisting of:

- Current ratio (current assets / current liabilities) - Average working capital turnover (Turnover (Revenue)/Average working capital) (work-ing capital calculated as the sum of inventories, trade receivables and cash and cash equivalents, subtracting trade payables) (based on both audited annual reports)* - Current ratio (the oldest of the two latest audited annual reports)* (c) Profitability. (The two criteria have equal priority):

- Earnings before tax to total assets,

- Earnings before tax margin (Earnings before tax (EBT) / Turnover (revenue) (based on both audited annual reports). As futher specified in tender material.