Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

Equity Bottom-Up

<ul><li>In today's edition: • SBM Offshore | ABS grants approval in principle to SBMO for blue ammonia concept • Dutch banks/insurers | Dutch mortgage market continues to show healthy growth</li></ul>

In today's edition: • SBM Offshore | ABS grants approval in principle to SBMO for blue ammonia concept • Dutch banks/insurers | Dutch mortgage market continues to show healthy growth

What's News in Amsterdam - 12 September (SBMO | Dutch financials)

<ul><li>In this edition: • ABN Amro | holding on to our positive stance despite mixed 2Q25 results • Ahold Delhaize | holding up well in a challenging environment • SBM Offshore | the company continues to surprise positively • TKH Group / Sif Holding | Germany’s 2.5GW offshore wind tender fails to attract bids • ForFarmers | very solid 1H25 with all geographies contributing to this</li></ul>

In this edition: • ABN Amro | holding on to our positive stance despite mixed 2Q25 results • Ahold Delhaize | holding up well in a challenging environment • SBM Offshore | the company continues to surprise positively • TKH Group / Sif Holding | Germany’s 2.5GW offshore wind tender fails to attract bids • ForFarmers | very solid 1H25 with all geographies contributing to this

SBM Offshore NV - What's New(s) in Amsterdam

<ul><li>In this edition: • Unilever | believed to be looking for a buyer for its Graze brand • SBM Offshore | signed an O&M contract for the FPSO GranMorgu • Van Lanschot Kempen | capital return of EIR 1.40 per share on 26 June • PostNL | Postal Act revision not controversial • Sif Holding | KCI the engineers awarded contract to design substructures • E-commerce & logistics | AliExpress risks hefty fine for selling non-compliant products</li></ul>

In this edition: • Unilever | believed to be looking for a buyer for its Graze brand • SBM Offshore | signed an O&M contract for the FPSO GranMorgu • Van Lanschot Kempen | capital return of EIR 1.40 per share on 26 June • PostNL | Postal Act revision not controversial • Sif Holding | KCI the engineers awarded contract to design substructures • E-commerce & logistics | AliExpress risks hefty fine for selling non-compliant products

<ul><li>In today's edition: • Signify | FY25 adjusted EBITA-margin guidance below expectations / to start EUR 350-450m share repurchase program / CEO Eric Rondolat to step down after the AGM 2025 • Just Eat TakeAway.com | UK delivery apps urged for tansparency on pay and hiring process • SBM Offshore | BW Offshore wins pre-FEED contract for Equinor’s Bay du Nord FPSO</li></ul>

In today's edition: • Signify | FY25 adjusted EBITA-margin guidance below expectations / to start EUR 350-450m share repurchase program / CEO Eric Rondolat to step down after the AGM 2025 • Just Eat TakeAway.com | UK delivery apps urged for tansparency on pay and hiring process • SBM Offshore | BW Offshore wins pre-FEED contract for Equinor’s Bay du Nord FPSO

What's New(s) in Amsterdam - 24 January (Signify | Just Eat TakeAway.com | SBM Offshore)

<ul><li>In this edition: • Philips | DRRT and Rubicon are the next ones to go to court • SBM Offshore | raises FY25 directional EBITDA guidance • PostNL | consortium of Business Post and Spotta has an appetite for the UPD • Triodos Bank | not liable towards DR holders represented by Stichting Triodos Tragedie • E-commerce & Logistics | EU plans to accelerate imposing levy on low-value parcels • Dutch politics | Hans Wijers and Sybrand Buma nominated to lead D66/CDA talks</li></ul>

In this edition: • Philips | DRRT and Rubicon are the next ones to go to court • SBM Offshore | raises FY25 directional EBITDA guidance • PostNL | consortium of Business Post and Spotta has an appetite for the UPD • Triodos Bank | not liable towards DR holders represented by Stichting Triodos Tragedie • E-commerce & Logistics | EU plans to accelerate imposing levy on low-value parcels • Dutch politics | Hans Wijers and Sybrand Buma nominated to lead D66/CDA talks

Triodos Bank N.V. - What's New(s) in Amsterdam

Netherlands

SBM Offshore NV, through subsidiaries, offers services to the offshore oil and gas industry worldwide.  The Company supplies and installs floating production and/or storage facilities and terminals for the loading or unloading of tankers.  SBM offers, on long-term lease, floating facilities for the production, storage, and export of crude oil and gas.

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SBM Offshore NV (SBMO NA)

What's News in Amsterdam - 12 September (SBMO | Dutch financials)

In today's edition: • SBM Offshore | ABS grants approval in principle to SBMO for blue ammonia concept • Dutch banks/insurers | Dutch mortgage...

The IDEA!

SBM Offshore NV - What's New(s) in Amsterdam

In this edition: • ABN Amro | holding on to our positive stance despite mixed 2Q25 results • Ahold Delhaize | holding up well in a challenging...

The IDEA!

SBM Offshore NV - What's New(s) in Amsterdam

In this edition: • Unilever | believed to be looking for a buyer for its Graze brand • SBM Offshore | signed an O&M contract for the FPSO...

The IDEA!

What's New(s) in Amsterdam - 24 January (Signify | Just Eat TakeAway.com | SBM Offshore)

In today's edition: • Signify | FY25 adjusted EBITA-margin guidance below expectations / to start EUR 350-450m share repurchase program / CEO Eric...

The IDEA!

Triodos Bank N.V. - What's New(s) in Amsterdam

In this edition: • Philips | DRRT and Rubicon are the next ones to go to court • SBM Offshore | raises FY25 directional EBITDA guidance • PostNL |...

The IDEA!

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