Investor Presentation dbAccess Asia Conference MAY 2014
Disclaimer This release contains forward-looking statements concerning the financial condition, results of operations and businesses of Ezra. All statements other than statements of historical fact are, or may be deemed to be,…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support Services Division: EMAS Marine Marine Services Division: TRIYARDS EMAS Production and EMAS Energy Financial Highlights Appendix 2
Delivering Dynamic Deepwater Installation Solutions across the Energy Value Chain FY09 Revenue FY13 Revenue Marine Subsea Marine Ezras Scorecard Services Services Services 28% 14% 15% Revenue of c.US1.3 billion Offshore 12 subsea…
Ezras progress scorecard Integrated Asia-Pacific Global installation and Southeast Asian Leading Southeast Asian oil and gas services offshore services regional player marine and offshore player player provider (USmm) 1,400.0 Low…
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…
Ezras Business Philosophy Ezra DNA Strengthen and establish footholds in key markets Strategic Focus with additional deepwater capabilities and assets Entrepreneurial ability to identify and develop growth Leverage true…
Segments overview 100.0% 100.0% 67.0% 45.7% 100.0% Subsea Services Offshore Support Services Marine Services Production Well Services Comprehensive offshore seabed- Owns, operates and manages a Separately listed on the SGX-ST…
Ezras core activities Subsea Services Offshore Support Marine Services Provides offshore seabed-to- Owns, operates and manages Comprehensive design and Business surface installation and offshore support vessels fabrication…
Ezras macro outlook Tailwinds Headwinds Production from conventional onshore / shallow-water Poor industry capex performance, with fields in general decline globally, necessitating more than half of current projects being increasing…
Ezra division outlook 1 Offshore supply by depth 19702020 (mm boepd) Significant investment will be directed to the pipelay 70 Shallow Deep market over the next 3 - 5 years, especially for the 60 SURF market 50 Growing deepwater…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support Services Division: EMAS Marine Marine Services Division: TRIYARDS EMAS Production and EMAS Energy Financial Highlights Appendix 11
Subsea Services EMAS AMC A Leading Global Deepwater Installation Solutions Provider Ranks top 5 globally Proven track record in winning subsea projects USbn EMAS AMC is one of the top 5 players in the global SURF market Cumulative…
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…
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 Delivered in 4QFY13 Lewek Constellation Lewek Express Reel Lay + 3,000T Lift Lewek Champion Lewek Centurion S-Lay Project + 800T 1,800T Lift Lewek…
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 Services Division: EMAS Marine Marine Services Division: TRIYARDS EMAS Production and EMAS Energy Financial Highlights Appendix 18
Offshore Support Services EMAS Marine Young, diverse fleet Overview Revenue growth through fleet expansion Global fleet with strong presence in the Asia-Pacific OSV AHT/AHTS Crew Boats PSVs OSV Revenue market 50 350 OSV Revenue…
Offshore Support Services EMAS Marine Fleet overview Majority of fleet is deepwater capable One of the youngest fleets globally AHT / AHTS (< 8,000 bhp) : AHT / AHTS ( 8,000 bhp) : Average age of vessels (years) 1 14 vessels (33% of…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support Services Division: EMAS Marine Marine Services Division: TRIYARDS EMAS Production and EMAS Energy Financial Highlights Appendix 21
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 Extraction Production Transportation Refining Industrial Fabrication Offshore Service Platform Ship Repair & (Diverters for refineries (SEU) & Drilling Rig (TDU) Conversion…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support Services Division: EMAS Marine Marine Services Division: TRIYARDS EMAS Production and EMAS Energy Financial Highlights Appendix 24
EMAS Production Overview EMAS Production overview FPSO assets Provider of offshore Lewek EMAS Perisai Kamelia construction, accommodation One of the worlds largest gas FPSOs and production vessels and First Oil: Oct 2011 First…
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 Services Division: EMAS Marine Marine Services Division: TRIYARDS EMAS Production and EMAS Energy Financial Highlights Appendix 27
FY13 review and FY14 outlook FY13 review: Laying the foundation for future growth FY14 outlook: Relentless focus on execution and delivery Continued integration and growth of subsea platform by Continue to drive improved operational…
Revenue breakdown by segment Revenue breakdown Increase in number of projects undertaken and increase in value of projects, partially offset by delay in execution of certain projects Subsea Services Groups growth strategy…
1HFY14 financial highlights Improving financial performance Revenue EBITDA1 Profit After Tax (PAT) USmm USmm USmm Gain from disposal of assets2 Gain from disposal of assets2 Adjusted3 EBITDA Adjusted3 PAT 800 120 50 103.7 700…
Debt maturity profile and gearing ratio Debt maturity profile by financial year (as of 28 February 2014) USmm Secured Unsecured Majority consists of 75 multi-year revolving cash 311 facilities related Debt refinancing exercise (March…
Value breakdown Key summary (USmm) Key residual business units % stake 45.7% 67.0% 23.6% Subsea Offshore Services Support Services Division4 Division 810 53 98 Revenue US788mm US285mm (FY2013) 138 Assets US1,442mm US729mm…
A Solid Foundation to drive Sustainable Growth going forward Offshore Support Subsea Services Marine Services Position Services 3 strategically Premier tie-back Market leader in Young, diverse contractor S.E.A. for SEUs fleet…
Agenda Company Overview Subsea Services Division: EMAS AMC Offshore Support Services Division: EMAS Marine Marine Services Division: TRIYARDS EMAS Production and EMAS Energy Financial Highlights Appendix 35
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 Installation of Signing of Superstructure of Installation of Multi-lay System shipbuilding vessel completed Huisman crane (MLS) * Based…
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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