Petrofac Limited · OTC:POFCY
Petrofac — Investor Presentation (2025)
22 slides from Petrofac's investor presentation, Aug 15, 2025
Slide 1: Compliance and Ethics
COMPLIANCE AND ETHICS 1
Slide 2: Three Lines of Defence
THREE LINES OF DEFENCE Each line in our defence system includes a feedback loop that informs improvement
Slide 3: Leadership and People
First line of defence LEADERSHIP AND PEOPLE 3
Slide 4: Leadership and People: Our Board
LEADERSHIP AND PEOPLE OUR BOARD Compliance & Ethics Committee members A proactive and engaged Board. Matthias Bichsel Two of five members have joined since 2016 2015 Includes members with relevant remediation Tareq Kawash 2023 experience following corporate corruption issues René Médori The Complian
Slide 5: The Compliance & Ethics Committee
LEADERSHIP AND PEOPLE THE COMPLIANCE & ETHICS COMMITTEE An effective Compliance & Ethics Committee ► Strong blend of relevant experience • Chaired by Matthias Bichsel, formerly of Royal Dutch Shell Matthias Bichsel • Rene Medori, formerly of Cobham plc 2015 • David Davies, formerly of Wienerberger A
Slide 6: Our Leadership
LEADERSHIP AND PEOPLE OUR LEADERSHIP Tareq Kawash Afonso Reis e Souza John Pearson Elie Lahoud Ronan Mooney Chief Executive Officer Chief Financial Officer Chief Operating Officer Chief Operating Officer Chief Transformation 2023 2021 (PFC since 2012) Asset Solutions* and Engineering & Construction
Slide 7: Culture
LEADERSHIP AND PEOPLE CULTURE Our Board sets the tone ‘from the top’ and ensures Revamped Anti-Bribery and Corruption e-Learning there is a strong and effective system of corporate for staff in higher risk roles and high risk third parties. governance across the Group. Consistent unequivocal message
Slide 8: Supporting the Cultural Shift
LEADERSHIP AND PEOPLE SUPPORTING THE CULTURAL SHIFT ► The disconnect between corporate functions in London and the rest of A ‘culture of compliance’ and Petrofac’s business has been repaired genuine ‘top-level’ engagement with ► Better empowered and more qualified personnel have been recruited into
Slide 9: Supporting the Cultural Shift
LEADERSHIP AND PEOPLE SUPPORTING THE CULTURAL SHIFT Qualified and experienced personnel recruited into key roles across the business Sandra Redding Anders Hvashovd Group General Counsel Chief Compliance Officer Experienced General Counsel both in Nearly 20 years of global experience the multi-nation
Slide 10: Processes and Controls
Second line of defence PROCESSES AND CONTROLS 10
Slide 11: The Compliance Function and Framework
PROCESSES AND CONTROL THE COMPLIANCE FUNCTION AND FRAMEWORK eadership rganisation and resource allocation ► Programme tailored to the organisation’s risk profile onitoring isk and evolving regulatory environment and response assessment process emediation escalation and third party ► Centralised and
Slide 12: Compliance Structure
PROCESSES AND CONTROL COMPLIANCE STRUCTURE Cha ir Compliance Group General Counsel & E thics Com mittee Chief Com pliance Officer Lead Governance & Tools Org. Sec ret ary Senior Advisor – Tra in & Com ms Direct or Invest igations Direct or Trade Bus iness Partner Bus iness Partner Manager ABC & Data
Slide 13: Control Framework
PROCESSES AND CONTROL CONTROL FRAMEWORK Key controls: Proportionate Procedures Companies should consider whether the Anti bribery and corruption policies prohibiting bribery and the ► Due diligence measures put in place to implement them are proportionate to the bribery risks faced ► Gifts, entertai
Slide 14: Control Framework: Trade Compliance
PROCESSES AND CONTROL CONTROL FRAMEWORK Key controls: Trade compliance Ensuring Petrofac operates in accordance with all applicable international trade laws, including sanctions, export control, and customs regulations. ► Sanctions screening: ensuring no dealings with restricted parties or countries
Slide 15: Third Party Risk Committee
PROCESSES AND CONTROL THIRD PARTY RISK COMMITTEE ► Oversight of our third-party risk profile Compliance & Ethics Committee ► Ensures Petrofac only engages with appropriate third parties ► Enhanced oversight for high-risk third-party engagements, joint ventures and agents ► Evaluates the risk and pro
Slide 16: Assurance
Third line of defence ASSURANCE 16
Slide 17: Assurance Framework
ASSURANCE ASSURANCE FRAMEWORK Monitoring and review Mature investigations function Does the company monitor and review procedures designed to Strong internal audit function prevent bribery by persons associated with it and makes External monitoring and review of the Compliance programme improvements
Slide 18: Investigations Team
ASSURANCE INVESTIGATIONS TEAM ► Experienced leadership with trained specialist investigators ► New improved platform for reporting of concerns (including anonymous) ► Agreed KPIs to ensure timely resolution of investigations ► Framework to ensure consistent parameters are applied to the investigatio
Slide 19: Investigations Insights
ASSURANCE INVESTIGATIONS INSIGHTS Bi-annual communication highlighting trends and key learnings from the concerns raised across our Speak Up channels. It aims to raise awareness, promote transparency, and support a culture where speaking up is safe, supported, and leads to action.
Slide 20: Investigations Triage Committee
ASSURANCE INVESTIGATIONS TRIAGE COMMITTEE Compliance & Ethics Committee Triage Committee and Investigation reporting to Board ► Risk-based assessment of allegations from all sources Triage Committee Group ► Applies consistent criteria to assess allegations by severity COO CCO GC COO Director of E&C
Slide 21: Internal Audit
ASSURANCE INTERNAL AUDIT Independent function, Tests compliance with Weekly cross-departmental Active tracking of reporting to the Group policies, including calls to ensure timely mitigation and Chair of Audit Committee Compliance and Ethics reporting of any remediation potential issues
Slide 22: External Audit
ASSURANCE EXTERNAL AUDIT Third-Party firm were engaged by Petrofac Comments from 2023 review in 2019 to review and report to the Board as ▪ Petrofac is a different company and is on the right path for to its Compliance & Ethics programme continued improvement to become best in class. Regular monitor