Dolfines Sa · EURONEXT:ALDOL
Dolfines Sa — Investor Presentation (June 2022)
25 slides from Dolfines Sa's investor presentation, Jun 9, 2022
Slide 1: Expert in innovative solutions at the service of the energy transition
Expert in innovative solutions at the service of the energy transition June 9, 2022
Slide 2: Content
Content Vision an mission 3 Positioning at the crossroads of the dynamics of the renewable and conventional energy markets 6 Development strategy 10 Renewable 12 Conventional energies 18 Outlook 21 2
Slide 3: Our vision
Our vision ▪ In order to meet the growing demand for energy while keeping global warming well below 2°C, the energy sector must decarbonize ▪ It must therefore move towards renewable energies while improving the environmental impact of oil and gas production ▪ Technical expertise and innovative solu
Slide 4: Our mission
Our mission ▪ DOLFINES is at the service of the energy sector by providing its expertise and innovative solutions for better energy ▪ The synergy of our conventional and renewable energy experiences is a major added value for DOLFINES and its customers 4
Slide 5: Safety is at the heart of our daily actions
Safety is at the heart of our daily actions ▪ Our long-term success is based on our proven ability to continuously plan, execute, adapt and improve while protecting our employees and respecting the environment. ▪ The Board of Directors is fully focused on: ▪ The satisfaction of our customers through
Slide 6: Positioning at the crossroads of renewable and conventional energy markets
The positioning of DOLFINES is at the crossroads of the dynamics of the renewable and conventional energy markets 6
Slide 7: Renewable rise will not call into question conventional energies for a long time
The sharp rise of renewable energies will not call into question the status of conventional energies for a long time. Relative weights horizon 2050 ▪ The use of renewable energies is expected to increase by +160% between 28% 2020 and 2050 27% 21% 20% ▪ But oil and other liquid fuels will remain the
Slide 8: DOLFINES' transformation revolves around the energy transition
DOLFINES' transformation revolves around the energy transition and opens the doors to the offshore and onshore wind market 2020 – 2022 : a radical transformation • Operational reorganization of Dolfines and Development Plan: Winter • Creation of 8.2 Madrid 2021 / 2022 • Ongoing acquisition of an exp
Slide 9: A light organization at the service of our missions
A light organization at the service of our missions Conventional Energy Services Offshore and Onshore Engineering, Renewable Energy Services Technology and Projects Inspection & Audit Basic design, FEED… Technical Assistance Offshore Wind O&M Acquisition in progress Digital 9
Slide 10: Development strategy
Development strategy 10
Slide 11: Our development strategy revolves around three axes
Our development strategy revolves around three axes • Supporting our clients in the Energy Transition Continue to provide best-in-class services • Develop relations favourable to Dolfines' position in Renewables 1 to our traditional customers in • Staying on the lookout for O&G industry decarbonizat
Slide 12: Renewable
Renewable 12
Slide 13: France: an ambitious plan for the development of sustainable energies
France: an ambitious plan for the development of sustainable energies ▪ In 2020, primary energy consumption is ▪ The EPP (multiannual energy programming) still 44% from oil and gas and only 13% provides for an ambitious development plan from renewable energies over the next 6 years ▪ The Law on Ener
Slide 14: France: an ambitious plan to multiply wind power
France: an ambitious plan to multiply wind power in which DOLFINES / 8.2 France finds its place as an expert Offshore wind Floating offshore Land wind turbine laid wind turbine • Wind energy development will be • Exploitable technical potential • Technical potential estimated at 155 GW done in part
Slide 15: Our development axes in renewable energies
Our development axes in renewable energies ▪ TrussFloat float: robust ▪ OHMe (Offshore Heavy Maintenance ▪ Global digitalization of our activities : floating foundation solution enabler): telescopic tool for heavy • Internally: improve the efficiency of our that could be one of the maintenance on si
Slide 16: Automated inspection of an offshore turbine
Transmission and storage of data 5 Automated inspection of an offshore turbine - Data acquisition 3 6 Image analysis - AI and machine learning algorithms - Precise location of damage Drone system at the port 1 - Feeding - Maintenance Inspection report and 7 digital history 2 Departure boat for routi
Slide 17: 8.2 France present on the Banc de Guérande Project in St Nazaire
8.2 France present on the "Banc de Guérande" Project in St Nazaire ▪ "Banc de Guérande" project in St Nazaire, the first French offshore wind project: ▪ 80 offshore wind turbines with a unit capacity of 6 MW for a total capacity of 480 MW. ▪ Wind turbines located between 12 and 20 km off the Loire-A
Slide 18: Conventional Energies
Conventional Energies 18
Slide 19: Our areas of development
Our areas of development Focus on customers who mainly control ▪ January 2022: qualification of Factorig by Saudi Aramco production (NOC, National Oil Companies) ▪ Contracts with ADNOC (Abu Dhabi), YPF (Argentina), Petrobras 1 and those whose responsiveness makes (Colombia), NOC (Libya)... drilling
Slide 20: Despite growing demand, investments in drilling have not yet fully recovered
Despite growing demand, investments, particularly in drilling, have not yet fully recovered O&G Investments vs Oil Demand Evolution of the number of drilling rigs vs Brent prices Investments Oil demand ($M) (Mbl/d) Price per Worldwide barrel of Rig Count* 4000 Brent $/bl 3500 140 3000 120 2500 100 2
Slide 21: Outlook
Outlook 21
Slide 22: DOLFINES, expert in innovative solutions at the service of the energy transition
DOLFINES, expert in innovative solutions at the service of the energy transition ▪ In the short term: ▪ Significant efforts to increase activity ▪ Operating cash flow target-neutral at the end of 2022 (excluding asset disposals) ▪ Medium / long term : ▪ Future-proof volumes ▪ Developing added value:
Slide 23: A refinancing operation to give DOLFINES the means to grow
A refinancing operation to give DOLFINES the means to grow R&D : 1- TrussFloat float continuity 2- OHMe (additional investors) Sales effort & Team building 3- Inemar: Aerial and Underwater Drones 4- Instrumentation of wind turbines for performance optimization 10-15 % ~15 % Working capital requireme
Slide 24: Disclaimer
Disclaimer This document contains forward-looking information. These are likely to be affected by factors, known and unknown, difficult to predict and not controlled by DOLFINES, which may imply that the results differ significantly from the prospects expressed, induced or anticipated by the Company
Slide 25: Merci
Merci www.dolfines.com