Investor Presentation Credit Suisse Oil & Gas Conference JANUARY 2015
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support & Production: EMAS Offshore Marine Services Division: TRIYARDS EMAS Energy Financial Highlights Appendix 2
Ezras progress scorecard Integrated Asia-Pacific Southeast Asian Leading Southeast Asian Global installation and oil and gas services regional player marine and offshore player offshore services provider player (USmm) 1,600.0 Low…
Delivering Dynamic Deepwater Installation Solutions across the Energy Value Chain FY10 Revenue FY14 Revenue Subsea Marine Ezras Scorecard Services Services Marine Services 6% 13% Revenue of c.US1.5 billion 38% Offshore Support…
Blue-Chip Client Base, focused on key leading and growing offshore basins Strategically positioned to capture key markets With a diversified base of well-capitalized blue-chip customers National oil companies Oslo, Norway North…
Ezra Holdings Limited Key strengths Right Solutions Right People Strategic Locations Lewek Constellation is a stellar example Embracing the diversity of our global Strategically located at the heart of Asia- of how Ezra Group has…
Segments overview 100.0% 75.5% 60.9% 100.0% Offshore Support & Accommodation Services Subsea Services Marine Services Well Services Offshore Production Services Comprehensive offshore seabed- Separately listed on the Oslo…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support & Production: EMAS Offshore Marine Services Division: TRIYARDS EMAS Energy Financial Highlights Appendix 8
Subsea Services EMAS AMC A Leading Global Deepwater Installation Solutions Provider Ranks top 5 globally Proven track record in winning subsea projects USbn 1 EMAS AMC is one of the top 5 players in the global SURF market Cumulative…
Subsea Services EMAS AMC Recent achievements Achieved significant milestones Lewek Constellation Inaugural installation project Lewek Champion 50 platform completion milestone Successfully executed a full field Under a multi-year…
Subsea Services EMAS AMC Recently added Enabling Assets 2012 2013 2015 * Based on calendar year Lewek Connector Lewek Centurion Lewek Express Lewek Constellation description Flexible pipelay S-Lay pipelay Reeled pipelay Rigid…
Subsea Services EMAS AMC Subsea construction vessels To be delivered Lewek Constellation Lewek Express Reel Lay + 3,000T Lift Lewek Champion Lewek Centurion S-Lay Project + 800T 1,800T Lift Lewek Connector Boa Sub C SURF…
Subsea Services EMAS AMC Among the most technically advanced and capable assets in the market LxB Crane Top tension Total Payload Vessel Owner (m x m) (mTe) (mTe) No of reels (mTe) Lewek Constellation EMAS AMC 182 x 46 3,000 800 4…
Strong subsea prospects and tendering activity globally, with strategic deployment of EMAS AMCs assets NORTH AMERICA EUROPE Lewek Express Lewek Constellation EMAS Marine Base (Ingleside, Texas) Spool Base Lewek Connector in…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support & Production: EMAS Offshore Marine Services Division: TRIYARDS EMAS Energy Financial Highlights Appendix 15
Offshore Support & Production Services EMAS Offshore Limited Fleet overview and global trends 7 Engine power capacity of up to Positive global trends2 AHT 7,340 bhp 1 28% of global fleet is Global AHTS/PSV/OAV age profile Engine…
EMAS Offshore Limited Overview of core segments Offshore Support & Accommodation Services Overview Latest update Global fleet with strong presence in the Asia-Pacific OSV 17 July 2014: Entered into shipbuilding contracts for two…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support & Production: EMAS Offshore Marine Services Division: TRIYARDS EMAS Energy Financial Highlights Appendix 18
Marine Services TRIYARDS Global Engineering and Fabrication Provider SSY Located in Houston on 13 acres Located in Ho Chi Minh City on 650,000sqft of fabrication the banks of the Dong Nai River facilities, with 200,000sqft of…
Marine Services TRIYARDS Scope of products & services Industrial Fabrication Offshore Service Platform Ship Repair & (Diverters for refineries (SEU) & Drilling Rig (TDU) Conversion and power plants) Military / Offshore Support &…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support & Production: EMAS Offshore Marine Services Division: TRIYARDS EMAS Energy Financial Highlights Appendix 21
EMAS Energy Overview Overview Leading regional service provider of niche well intervention, hydraulic workover (HWO), plug and abandonment (P+A) services and pipeline and process testing and commissioning Focus on high-technology and…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support & Production: EMAS Offshore Marine Services Division: TRIYARDS EMAS Energy Financial Highlights Appendix 23
FY2014 review & FY2015 priorities FY14: Turnaround into Sustained Profitability FY15: Operational Excellence & Cash flow Optimisation Subsea backlog growth with US1.0bn of new Consolidate our subsea operational excellence orders…
Revenue breakdown by segment Subsea segment continues to drive growth Revenue breakdown Turnaround into sustained operating profitability in FY2014 over FY2013 Subsea Services Groups growth strategy evidenced by increased USmm…
Recent cash flow trends Operating cash flows in FY2014 Net operating cash flows USmm Positive operating cash flow trend since AMCs acquisition driven by subsea 98.8 segments growth in scale 177 (14.8) (43.6) (60.8) FY2011…
Debt maturity profile and gearing ratio Debt maturity profile by financial year (as of Nov 30, 2014) USmm Secured Unsecured Majority 352 consists of 254 multi-year US172 million Fixed revolving cash 346 Rate Note due in 2015…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support & Production: EMAS Offshore Marine Services Division: TRIYARDS EMAS Energy Financial Highlights Appendix 31
Ezras macro outlook Tailwinds Headwinds Offshore capex continues to move towards deeper Increasing number of E&P projects waters, while shallow water investment grows moderately deferred or cancelled, due to high costs Deepwater…
Subsea Services EMAS AMC Project highlights Pegasus Fram H-Nord Client: National Oil Company Client: Statoil Water depth: 1,070m Water depth: c. 350m Scope of work: Scope of work: Installation of trees, flowlines, EPCI of flexible…
Large-scale subsea infrastructure developments Regional Platforms Regional Offshore production platforms and subsea modules are Control Line large and complex investments SURF Subsea infrastructure and spread of mooring…
Subsea tie-back 101 Subsea wells tie-back refers to project related to existing or upgraded platform / FPSO / structure ie. not a full initial subsea field development What Comprise primarily of flowlines (rigid / flexible), risers,…
Subsea Services EMAS AMC AMC acquisition: A platform for growth Status update since acquisition of AMC in 2011 Successful integration of 3 regional clusters Singapore, Oslo and Houston Integration to unlock Reaped cost synergies…
Subsea Services EMAS AMC Lewek Constellation, a state of the art vessel Key features Versatile one stop shop rigid, steel catenary riser Top Module: Straightener (SCR), flexlay, umbilicals, direct electrical heating Aligner Wheel…
Subsea Services EMAS AMC Indicative timeline for the construction of Lewek Constellation Commencement of subsea tie-back Superstructure of Installation of Installation of Multi-lay project in the US vessel completed Huisman crane…
Experienced leadership Koh Poh Tiong Appointed as Director on October 1, 2011 Eugene Cheng Responsible for all financial matters of the Group, Non-Executive and More than 42 years of corporate experience in sectors Chee Mun including…
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