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Sparebank Markets Oil and Energy Conference – Prosafe Se

Prosafe Se · Mar 1, 2018 · 9 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Sparebank Markets Oil and Energy Conference – Prosafe Se – slide 1
    1 March 2018 SpareBank 1 Markets - Oil and Energy Conference
  2. Sparebank Markets Oil and Energy Conference – Prosafe Se – slide 2
    This is Prosafe UK Norway Cyprus China Tunesia Mexico Singapore The worlds most diversified fleet of 8 semi-submersible accommodation-, service- and safety vessels and 1 TSV Brazil Control of 3 newbuild vessels in China…
  3. Sparebank Markets Oil and Energy Conference – Prosafe Se – slide 3
    Restructured: A billion dollar runway secured through 2020 Improved cash flow 2017-2020 of more than USD 1 billion from Reduction of debt/new build investment USD 530 million USD 290 mill bonds converted USD 105 mill in equity…
  4. Sparebank Markets Oil and Energy Conference – Prosafe Se – slide 4
    Adapting to a new reality - significant reduction in costs Prosafe has operated with a resilient focus on reducing costs across the organisation Reducing The Fixed Cost Base since the downturn started Fixed Cost Reduction: 65%…
  5. Sparebank Markets Oil and Energy Conference – Prosafe Se – slide 5
    2018 2019 2020 69 % However, order backlog per YE 2017 reflecting downturn 8% 22 % Q4 17 Q3 17 Q2 17 Q1 17 Q4 16 Q3 16 Q2 16 Q1 16 Q4 15 Q3 15 Q2 15 Q1 15 Q4 14 Q3 14 Q2 14 Q1 14 Q4 13 Firm…
  6. Sparebank Markets Oil and Energy Conference – Prosafe Se – slide 6
    Positive macro indicators: Oil price & break-even 98% 99% USDbn 35 95% 100% 0 50 100 150 200 250 300 91% 95% of P50 resources breakeven at or below 85% 90% 2010 30 70/bbl 76% 80% 2011 cumulative % of total P50 resources 25…
  7. Sparebank Markets Oil and Energy Conference – Prosafe Se – slide 7
    From MMO to HUC togradual recovery from 2019 North Sea Activity Profile (months) Tendering Activity Three Year Outlook North Sea Activity Profile (Distribution by Duration) P90 and P50 are prospects probability of moving to a…
  8. Sparebank Markets Oil and Energy Conference – Prosafe Se – slide 8
    Strategic focus Commercial positioning Cash preservation (cost and spend) Fleet renewal Consolidation & BD 9
  9. Sparebank Markets Oil and Energy Conference – Prosafe Se – slide 9
    10

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