Prosafe the leading accommodation rig company Global leader The worlds leading owner and operator of semi-submersible accommodation rigs in harsh environments Strategically focused on high- end accommodation segment Long track…
Offshore accommodation Pre-eng./ Seismic E&D concept Hook-up/ De- Production drilling studies commissioning commissioning Hook-up/commissioning of new installations Maintenance, modifications, IOR projects and tie-ins of…
Growth achieved with a robust financial position 1200% PRS (dividend re-inv) OSEBX (dividend re-inv) Growth achieved by: OSX (dividend re-inv) 1000% Good operating performance 800% At all times, a 600% robust financial position…
Steady growth in dividend Dividend payments 0.6 An interim dividend equivalent to USD 0.133 per share declared 0.5 In line with policy of paying out up to 75 per cent of previous years net profit (2011 EPS USD 0.71) 0.4 Q4 The…
Agenda Prosafe introduction Operations Outlook 8
Divestment of Safe Esbjerg Agreement on 7 August 2012 to sell Safe Esbjerg Total proceeds of USD 55 million USD 38.5 million is payable within 60 days after closing USD 16.5 million will be paid as a three-year term loan The…
Safe Boreas progress Semi to be built as Norway compliant/harsh environment Facilities for 450 persons DP3 system as well as a 12 point mooring arrangement Delivery from yard planned for Q2 2014 Awarded a 6 month firm Financial…
Safe Caledonia refurbishment and life extension Caledonia at Remontowa yard Rig life to be extended by 20 years Cost estimate unchanged at USD 100 million Life extension and thereafter sea trials to be completed in Q4 2012…
Contract backlog 1 000 Gross order inflow of 900 USD 168m (incl. options) so far in Q3 800 700 2015 2012 4% 13 % 600 USD million 500 2014 400 44 % 2013 300 39 % 200 100 Options Firm contracts 0 Q2 Q3 Q4 Q1 Q2…
Agenda Prosafe introduction Operations Outlook 14
Supply of semi-submersible accommodation rigs No. of accommodation semis by owner No. of accommodation semis by regional capabilites 24 24 Yantai 22 22 20 ETESCO 20 18 18 FOE 16 16 Rest of World 14 COSL 14 12 12 UK 10 Pemex 10…
Increased Oil Recovery (IOR) a key demand driver Examples of changes in field life expectancy Norway High focus on IOR resulting in increased field life expectancy Latest year Brage of production Draugen as of 1992-95 Ekofisk The…
Demand - North Sea North Sea demand index Demand mostly driven by 110 101 100 MMO work and 100 90 91 90 redevelopments 90 81 87 79 78 80 76 70 67 70 65 64 Strong contract inflow in 60 the 1st half of the year 50 Q1 Q2 Q3…
Demand Mexico The activity level in Mexico has increased gradually over the past two-three years Pemex has had a growing need for offshore accommodation capacity Construction and logistics support around the Cantarell field are…
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Demand Brazil All the units currently working in Brazil are deployed in the Campos basin, assisting with maintenance and upgrades of existing production infrastructure In the longer term, there should be potential for growth…
Demand Asia and Australia The market in Australia and Southeast Asia appears increasingly promising A decent number of concrete prospects have been identified, particularly in Australia, where weather conditions combined with…
North Sea fleet utilisation1 2 Average 2001-11 : 77% Average 2005-112: 83% 1. Prosafes North Sea fleet, 2. Adjusted for longer yard stays 25
Summary High contracting activity so far in 2012 Market outlook for the next couple of years appears promising Prosafe well positioned Clear market leader Long operational track- record High-quality, diversified fleet High…
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