Seatrium Limited · SGX:5E2
Seatrium — Morgan Stanley Asia Pacific Summit 2023
25 slides from Seatrium's conference presentation, Nov 16, 2023
Slide 1: Morgan Stanley Asia Pacific Summit
Morgan Stanley Asia Pacific Summit 15 – 16 November 2023 This information is confidential; it is not to be relied on by any 3rd party without prior written consent.
Slide 2: Agenda
AGENDA Introduction Our Global Scale & Track Record Our Business Sustainability 3Q/ 9M 2023 Business Update 2
Slide 3: Introduction
Introduction This information is confidential; it is not to be relied on by any 3rd party without prior written consent. SNG Board Transformation Committee ... 3
Slide 4: Who We Are: Sea + Atrium
WHO WE ARE PURPOSE We exist to ensure customers can thrive today while creating a greener and brighter tomorrow. PROMISE We unite world-class talent and engineering SEA + ATRIUM capabilities to create transformative and sustainable offshore and energy solutions. CORE VALUES Safety. People-focused. I
Slide 5: Our Business
OUR BUSINESS Delivering Innovative Maritime and New Energy Engineering Solutions Oil & Gas Newbuilds Offshore Renewables Specialised Shipbuilding Repairs and Upgrades Technology and New and Conversions and New Energies Product Development 5
Slide 6: A Transformative Combination
A TRANSFORMATIVE COMBINATION A Premier Global Player in Offshore Renewables, New Energy & Cleaner O&M Solutions Participation across the Focus on ammonia Focus on new offshore wind value storage and carbon technologies to reduce chain capture technologies carbon footprint y Global energy transition
Slide 7: Industry Tailwinds
INDUSTRY TAILWINDS Opportunity for Seatrium to be a world-class offshore engineering and energy solutions provider, focusing on 4 key pillars: Offshore Wind Global offshore wind market experiencing strong growth – 19% CAGR till 2030 ▪ Seatrium to continue building track record and capabilities New E
Slide 8: Our Global Scale & Track Record
Our Global Scale & Track Record
Slide 9: Global Scale & Reach
GLOBAL SCALE & REACH Consolidating Our Position Globally with Purpose - We now have the reach and platform to capitalise on the global energy transition 15 >7.9 Yards Globally Million sqm 9
Slide 10: Strong Track Record
STRONG TRACK RECORD Leading Designer & Builder of High-Performance A Mobile Offshore Platforms & Specialised Vessels • >400 designs in portfolio • >311 offshore drilling rigs • Strong design engineering capability of complex products • >386 fixed oil platform newbuilds • Track record of structural e
Slide 11: Strong Track Record: Multiple Firsts Achieved
STRONG TRACK RECORD Multiple Firsts Achieved x On the back of strong support from clients, partners & the government ▪ World’s 1st FLNG Conversion – Only organisation to deliver 2 FLNG franchise (Hilli delivered 2017 & Gimi ongoing) o Seatrium’s conversion solution quick-to-market & promotes circula
Slide 12: Sustainability
Sustainability This information is confidential; it is not to be relied on by any 3rd party without prior written consent. SNG Board Transformation Committee ... 12
Slide 13: ESG Ratings, Awards and Accolades
ESG RATINGS, AWARDS AND ACCOLADES Recognition in ESG index constituent Operating a Responsible Engineering a Sustainable Future Care our people and communities Business Awards and accolades in Sustainability Award Environmental Innovation Award Talent Development Award Digital Innovation Award Safet
Slide 14: Sustainability: Key Thrusts
SUSTAINABILITY: KEY THRUSTS Operate a Responsible Business Engineer a Sustainable Future Care for Our People and Communities Operating our business with integrity, Engineering innovative and Caring for our employees and stakeholders practice ethical and environmentally sustainable products and solut
Slide 15: 3Q/9M 2023 Business Update
3Q/ 9M 2023 Business Update This information is confidential; it is not to be relied on by any 3rd party without prior written consent. SNG 230220 Sponsor onboardin ... gs v01 15
Slide 16: 3Q/9M 2023 Key Highlights
3Q/9M 2023 KEY HIGHLIGHTS Operational Performance • Delivered 8 major projects YTD 9M2023, reflecting the Group’s relentless focus on strong project execution • Continues to build on net order book of S$17.7 billion, including new contract wins of S$4.3 billion secured YTD, with 33 projects under ex
Slide 17: Major Deliveries & Completions
MAJOR DELIVERIES & COMPLETIONS Eight Projects Delivered YTD 3Q2023 to-date ▪ Whale – 2nd FPU built for Shell ▪ AlSila and AlSaadiyat – two jack-up rigs designed & built for ADNOC ▪ Almirante Tamandaré – FPSO topsides fabrication project for SBM 1H2023 ▪ Leikanger – 3rd zero-emission battery- powered
Slide 18: Higher Repairs & Upgrades Activity
HIGHER REPAIRS & UPGRADES ACTIVITY Successfully Delivered 217 Repairs & Upgrades Projects YTD ▪ Higher level of Repairs & Upgrades activities, compared with 156 projects in the same period last year ▪ 73 Repairs & Upgrades performed in 3Q2023, including: - 24 LNG carriers - 3 cruise/ferry vessels -
Slide 19: Focus on Strong Execution
FOCUS ON STRONG EXECUTION Strong Operational Execution ▪ Sailaway of TenneT’s DolWin epsilon HVDC Offshore Converter Platform to Norway for further works before installation & commissioning at DolWin5 Offshore Wind Farm ▪ Began construction of Ørsted’s Sailaway of DolWin epsilon 900MW HVDC Offshore
Slide 20: Pipeline Development
PIPELINE DEVELOPMENT Good Progress in Pipeline Development ▪ Secured Letter of Intent from Shell Offshore Inc in August 2023 to construct Sparta FPU for deep-water development project in US Gulf of Mexico, following success of Vito and Whale FPU newbuilds ▪ Notable Repairs & Upgrades contracts secur
Slide 21: Order Book Remains Strong ~S$18B
ORDER BOOK REMAINS STRONG ~S$18B Contract Value Products / Services (S$m) Clients Projects Under Execution Gross Net For delivery in 2023 1 FPSO Modules Fabrication & Integration / 2,287 145 Petrobras / Golar / • 33 projects under execution, with 1 FLNG Conversion / 1 TSHD / 1 FPSO Topside Manson Co
Slide 22: Commitment Towards Energy Transition
COMMITMENT TOWARDS ENERGY TRANSITION Sustainable Solutions at approximately 40% of Net Order Book • Key renewables projects secured YTD 2023 include: – Two 2GW HVDC Offshore Converter Platforms for TenneT – Two Offshore Substation Platforms for Empire Offshore Wind Renewables & Cleaner / Greener Sol
Slide 23: Greening the Loan Book
GREENING THE LOAN BOOK Green Trade Finance Facility from OCBC Sustainability-linked Loan from Standard Chartered Bank • €720 million (S$1.04 billion) • US$500 million • One of the largest syndicated financing solutions for the maritime industry, issued by • Refinance our existing loan facility ahead
Slide 24: Looking Ahead: Outlook
LOOKING AHEAD: OUTLOOK Robust fundamentals for oil & gas, offshore renewables and other green solutions driven by global energy transition and heightened energy security concerns Committed to achieving timely deliveries with continued focus on quality, safety, health & environment Orders continue to
Slide 25: Forward-looking statements and contact
This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative exam