Pareto Oil & Offshore Conference August 2011 Tong Chong Heong Chief Executive Officer

Transcription

1 Pareto Oil & Offshore Conference August 2011 Tong Chong Heong Chief Executive Officer

2 About Keppel Group Offshore & Marine Infrastructure Property Rig building Offshore conversion Shiprepair Specialised shipbuilding Environmental engineering Power generation Logistics and data centres Property developer Manager of property funds Market capitalisation of S$20bn * * as at end July

3 About Keppel Offshore & Marine Keppel FELS Keppel Shipyard Keppel Singmarine Overseas Operations Offshore Jackups Semis FPUs Shiprepair & Conversions FPSOs FSRUs Drillship enhancements Specialised Shipbuilding Offshore support vessels Harbour tugs FSOs Ice-Class vessels Specialised workboats Keppel AmFELS Keppel FELS Brasil Keppel Singmarine Brasil Caspian Shipyard Keppel Philippines Marine Keppel Kazakhstan Keppel Verolme Keppel Norway Keppel Nantong Nakilat-Keppel Offshore & Marine Arab Heavy Industries 3

4 Vision, Mission & Core Values Vision To be the provider of choice and partner for solutions in the global offshore and marine industry Mission We seek to achieve customer satisfaction through technological leadership and in building a people oriented organisation Core Values 4

5 Keppel O&M Financial Highlights S$m 1H H 2010 FY 2010 Revenue 2,523 2,923 5,577 EBITDA ,328 Operating Profit ,195 Profit Before Tax ,316 Net Profit ,037 5

6 Building Strengths 6

7 Solid Track Record 81 jackups since semisubmersibles since drilling tenders since major FPSO, FSO & FSRU conversions and upgrading since

8 Perfecting Execution Deliveries in Rigs 5 FPSO/FSRU Conversions 18 Specialised Vessels Deliveries in 1H Rigs 2 FPSO Conversions 4 Major Repair/Upgrade 5 Specialised Vessels Deliveries in 2H Rigs 4 Rig Completion/ Repair 5 FPSO/FSO Conversions 3 Drillship Upgrade/Outfitting 7 Specialised Vessels 8

9 Delivered 3 KFELS N Class Jackups to Rowan One of two designs for the Norwegian Continental Shelf Proprietary design for deeper reach and greater efficiency Capable of drilling and production Secured work from Total, Talisman Norway and Xcite in the North Sea 9

10 Making Our Mark with P-56 Delivery First Floating Production Unit completely built in Brazil Our third FPU for Petrobras One of the world s largest FPU Deployed to Marlim Sul field 10

11 New Generation Wind Turbine Installer On track for delivery in 2H12 Secured first job for foundation works in German sector of North Sea Capable of operating in waters 45% deeper with longer operational window 11

12 Defining Distinction 12

13 Record New Orders S$b New Contracts Secured to to date Year date Net orderbook of S$9 bn as at end Jul 2011 with deliveries into

14 Market-Leading Jackup Design Secured orders for 19 KFELS B Class Jackups since 4Q10 Delivered 33 units in the last decade Transocean s order for three KFELS Super B Class Big Foot 14

15 Growing ENSCO s Fleet of High-Specification Rigs Secured 18 orders from ENSCO since 1997 Delivered 14 rigs Constructing remaining two ENSCO 8500 Series semis and two KFELS Super A Class jackups ENSCO 102 ENSCO 8500 KFELS Super A 15

16 Augmenting Maersk s Premium Fleet Deliveries include: 3 DSS TM 21 semi 1 DSS TM 20 semi 4 CJ 50 jackups 2 FPSO conversions Building 2 Gusto MSC CJ70 jackups Maersk Developer 16

17 Quality Accommodation Semis DSS TM 20NS Floatel Superior is first North Sea accommodation semi in over 20 years SSAU TM 3600 Floatel Reliance working in Brazil s Campos Basin Secured one SSAU TM 4000NG order from Floatel International Meets stringent UK HSE requirements Equipped with latest technology SSAU TM 4000NG DSS TM 20NS Floatel Superior 17

18 Innovative Drilling Tenders Eighth semisubmersible drilling tender for Seadrill New KFELS SSDT TM 5000NG design offers higher variable deck load 18

19 Growing Adjacencies - 27% stake in Dyna-Mac - Fortifies capabilities in floating production systems - Stake in Floatel - Growth potential in Brazil and North Sea - Building PSVs in Brazil - For sale or bareboat charter 19

20 Global Network of 20 Yards Near Market, Near Customer 20

21 Operating in Brazil since 2000 BrasFELS is the most comprehensive offshore and marine facility in Latin America Established track record for delivery excellence Constructing P-61 Tension Leg Wellhead Platform for Papa-Terra field 21

22 Enduring Partnership Building for Brazil since 1980s Delivered 20 major projects for Brazil since 1994 Contributing to Brazil s exploration and production efforts 22

23 Foremost Offshore Yard in Gulf of Mexico Keppel AmFELS in Brownsville, Texas since 1990 Delivered 4 jackups in 2010 and secured 1 jackup order in 2011 Prime position to serve growing offshore sector 23

24 Keppel Verolme Active in Niche Markets Trusted yard in Europe Modern facilities, with one of Europe s largest docks Strategically located to upgrade and repair North Sea rigs 24

25 Deepening Presence in the Philippines Increased stake in Keppel Subic Shipyard Consolidated shiprepair and shipbuilding businesses at Batangas and Subic facilities Better positioned to add value 25

26 Growing Presence in the Caspian Sea Most versatile and reliable offshore solutions partner in Caspian Region Synergy from global yard network yields several firsts in the Caspian Sea 26

27 Meeting aspirations to create local content Kazakhstan s first shipyard is well-placed to support work on Kashagan field development New Baku Shipyard on track for completion in

28 Keppel Nantong - Robust Yard in China 16-ha site able to build up to 25 specialised vessels Extensive berths, advanced mechanical transfer and launching systems Comprehensive workshop facilities. 28

29 Ramping Up Operations in N-KOM Achieved milestones since inauguration in Nov 2010 More than 20 vessels repaired, including 8 LNG vessels Expanding to offshore work with jackup repairs Capture value from regional demand 29

30 Premier solutions provider to meet sophisticated and evolving demands 30

31 Thank You Q & As 31