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CREATING NEW HORIZONS IN OFFSHORE ENERGY BOSKALIS OFFSHORE ENERGY- FLEET DEVELOPMENTS OFFSHORE ENERGY 2018- RAI AMSTERDAM JACK SPAAN 23 OCTOBER 2018 2
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GLOBAL PRESENCE ACTIVE IN 90 COUNTRIES AND 6 CONTINENTS 4
BOSKALIS COMPANY OVERVIEW Royal Boskalis Westminster Established in the Netherlands as dredging company in 1910 Leading global dredging, marine & offshore services provider 10,700 employees - more than 900 vessels Revenue 2017: 2.3 billion Listed at the NYSE Euronext, ticker BOKA.AS market cap 4.19 billion* * 31 December 2017 5
BOSKALIS ACTIVITY OVERVIEW 6
THREE DIVISIONS DREDGING & INLAND INFRA MARINE INSTALLATION OFFSHORE ENERGY TOWAGE & SALVAGE Construction & maintenance of ports and waterways Land reclamation Coastal defense SEABED INTERVENTION HEAVY MARINE TRANSPORT Harbor Towage Terminal Services Marine Salvage Civil works for roads, bridges and tunnels MARINE SERVICES SUBSEA MARINE SURVEY 7
2018 - CREATING NEW HORIZONS IN OFFSHORE ENERGY A single brand name for all our activities in Offshore Energy Pragmatic in our approach, focused on the end result with safety as our core value Global presence Offering our clients a truly unique combination of people, vessels and activities, supported by excellent in-house engineering and project management capabilities Reducing interfaces by integrated project solutions aiming for increased efficiency through decreased complexity Supported by our successful history 8
CREATING NEW HORIZONS 9
BOSKALIS SERVICES IN THE OFFSHORE ENERGY PROJECT LIFE CYCLE Pre-FEED FEED EPC T&I Test & handover Production Decommissioning Survey Drilling rigs Subsea IRM Platforms & subsea structures Fixed & floating prod. structures FSRUs and SPM buoy terminals Modules for onshore plants Oil & Gas Landfalls & intervention of pipelines Survey / UXO Wind turbine foundations Converter stations Renewables Export & inter-array power cables 10
HIGHLIGHT OF EXECUTED PROJECTS 1. Aasta Hansteen Integrated solutions 2. Nasr Transport & Installation 3. East Hub FPSO installation 4. Madura FPSO installation 5. Berge Helene Ocean towage 6. Espoir Subsea IRM 7. Knarr Ocean towage 8. Ichthys Logistical management 9. SHWE Jacket and float-over topside installation 10. Thien Ung Heavy lift topside installation 11. Moho Nord Integrated solutions 12. Hebron Dry transport 13. Wikinger Wind turbine foundation installation 14. Veja Mate Wind turbine foundation installation 15. DolWin 2 & 3 Integrated solutions 16. Nord Stream Gas pipelines Seabed intervention and landfall construction 17. Maersk Dabrat Subsea light construction works 18. Egina Ocean towage 19. Luchterduinen Export cable installation 11
A UNIQUE COMBINATION OF PEOPLE, EQUIPMENT AND ACTIVITIES MARINE SURVEY Marine geophysical and geotechnical surveys (through Gardline), including the acquisition and processing of 2D and 3D seismic data and the provision of offshore geotechnical surveys SEABED INTERVENTION HEAVY MARINE TRANSPORT Pre-sweeping, trenching and backfilling the seabed for offshore pipelines and cables including all related landfall operations, operating special rock installation vessels for work up to 1,000 meters water depth, with in-house specialists and equipment Heavy Marine Transport and ocean towage supported by our in-house dedicated engineering, operations and project management professionals and a versatile fleet of Heavy Transport Vessels (formerly Dockwise) MARINE SERVICES Anchor handling & positioning services facilitated by Oceangoing Tugs (formerly Fairmount) and Anchor Handlers (formerly SMIT) SUBSEA MARINE INSTALLATION Subsea Cables & Flexibles (installation of power cables, formerly VBMS), Subsea Services (IRM with saturation and air diving) and Subsea Solutions (one stop shop for subsea infrastructure scopes) T&I of floating and fixed structures, offshore wind farms and decommissioning of structures with unmatched selection of own transport equipment and unique DP2 offshore T&I crane vessel with a lifting capacity of 3,000t 12
MARKETS BOSKALIS CLIENTS IN OFFSHORE ENERGY OFFSHORE ENERGY SERVICES Marine MARINE Installation INSTALLATION Seabed SEABED Intervention INTERVENTION Mari HMT- HEAVY MARINE TRANSPORT Mari MARINE SERVICES Subsea SUBSEA Marine Survey MARINE SURVEY O&G Exploration O&G Production O&G Refining & Processing Renewables Civil, Port & Marine 13
MARKET OUTLOOK IN OFFSHORE ENERGY Offshore Renewables: triple demand in next 5 years North America new market Source: 4C OFFSHORE, August 2018, based on year of offshore construction start, based on max capacity Offshore O&G installation FID/ year Source: Pareto Securities Oil & Gas Research, Rystad Energy 14
GARDLINE ACQUISITION IN Q3 17 Leading marine geophysical surveys, offshore geotechnical services and environmental surveys in Northwest Europe Exposure to the renewables market and early cyclical O&G market Assets added to the Boskalis fleet: 15 survey vessels and 25 smaller vessels MARINE SURVEY 15
ATLANTIS & DAVINCI Assets added Q2 2017: Sister vessels DP-2 Diving Support Vessel 70T/140T AHC Offshore Crane 18 Man Twin bell SAT System (300 msw) 2x SPHL 18 Man Double Air/Nitrox diving spread Deck Area 1,100 square meters Accommodation for 120 people Helideck In house ROV & survey systems onboard SUBSEA 16
SUBSEA 17
CABLE TRENCHER BORSELLE OWF Investment Q2-2018 Cable & Pipeline installation Project requirement Large burial depth Handling by Giant7 crane vessel SUBSEA 18
MARINE INSTALLATION Fill gap in Installation market Fixed structures Expand lifting capabilities Conversion of Finesse into BOKALIFT1 (in service Feb 2018) Consider 2 nd crane vessel (2020/ 2021) Move asset up S-curve Invest in lifting competencies Floating structures Add contracting assets, possibly through M&A 1-2 CSV s MARINE INSTALLATION 19
MARINE INSTALLATION 20
MARINE INSTALLATION 21
MOVING FORWARD COMMITTED TO THE OFFSHORE MARKET Strengthen our leadership positions in Marine Transport & Services and Seabed Intervention; Expand our positions in Marine Installation, Subsea and Marine Survey; Focus on being a marine expert, with our own fleet of purpose-built vessels and equipment; Supported by our financial strength, stability, expertise and extensive track record. 22
BOSKALIS VERSATILE OFFSHORE FLEET 19 Semi-sub heavy transport vessels 16 Anchor handling supply vessels 5 Ocean towage tugs 3 Multi purpose / cable lay vessels 3 Heavy lift vessels and 7 Floating sheerleg 15 Semi-sub barges (ocean going) 2 Fallpipe vessels 5 Diving support vessels CSV 23
YOUR PARTNER IN OFFSHORE ENERGY Safety as core value Proven track record Versatile fleet of offshore vessels and equipment Operational excellence Dedicated engineering, project management and operations professionals Financial health One partner: offering increased efficiency through decreased complexity 24
CREATING NEW HORIZONS JACK.SPAAN@BOSKALIS.COM 25