Keppel Ltd. · SGX:BN4
Keppel — Pareto Securities' 21st Annual Oil & Offshore Conference 2014
43 slides from Keppel's conference presentation, Sep 11, 2014
Slide 1: Pareto Securities' 21st Annual Oil & Offshore Conference
Pareto Securities’ 21st Annual Oil & Offshore Conference 10 – 11 September 2014 Chow Yew Yuen CEO Keppel Offshore & Marine 1
Slide 2: About Keppel Group
About Keppel Group Keppel strives to configure all its components into a cohesive and optimal whole to capture and enjoy sustainable growth. Offshore & Marine (O&M) Infrastructure Property • Offshore rig design, • Energy and related • Property development construction, repair infrastructure: and upg
Slide 3: Segmental Breakdown
Segmental Breakdown O&M contributes over 60% of Keppel Corporation’s net profit 1H 2014 Revenue: 1H 2014 Net Profit: S$6,173m S$745m Offshore & Offshore & Marine Marine 65% 67% S$3,981m S$501m Infrastructure Infrastructure 24% 9% Property Property S$67m 11% S$1,497m Investments 17% S$677m Investment
Slide 4: About Keppel O&M
About Keppel O&M Keppel O&M Marine Specialised Offshore Technology (Ship Repair & Conversion) Shipbuilding Jackups FPSOs Offshore support Keppel O&M Semisubmersibles FSRUs vessels Technology Centre Drillships FSOs Harbour tugs Offshore Technology Floating Production FSUs Ic
Slide 5: Solutions Provider of Choice
Keppel O&M Key Focus Execution Commitment to Excellence Technology Proven track record – Development on time within Innovative and cost- budget effective solutions Meeting Near Market, Industry Needs Near Customer Partnering trend- Global network of Solutions setting customers 20 yards Provider and
Slide 6: Keppel O&M Key Highlights as at 1H 2014
Keppel O&M Key Highlights as at 1H 2014 S$b New Contracts Secured Net orderbook of S$14.1b 12 as at 30 June 2014 10.0 10.0 10 8 7.3 7.4 7.0 6.5 6 5.2 Newbuild 3.2 jackups Newbuild 4 3.1 3.2 37% semis 1.7 43% 2 0 FPSO/ 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1H FLNG 2014 Others 16% Year 4%
Slide 7: Innovative Solutions for All Frontiers
Innovative Solutions for All Frontiers 7
Slide 8: Innovative Solutions for All Frontiers (cont'd)
Innovative Solutions for All Frontiers (cont’d) 8
Slide 9: Innovating to Meet Customers' Needs Across Global Frontiers
Innovating to Meet Customers’ Needs Across Global Frontiers 9
Slide 10: FLNG Vessel
FLNG Vessel Providing a viable solution for recovering stranded & associated gas. Secured first FLNG vessel conversion job from Golar LNG. Building on track record of 113 units of FPSO, FSO and FSRU conversions. Innovating midstream solutions for small and mid-scale LNG The global FLNG market
Slide 11: Can Do Drillship
Can DoTM Drillship Premier drillship for deepwater exploration, well development & completion. Designed for optimal performance and cost efficiency over project lifecycle. The next generation Can DoTM drillship is Block assembly. scheduled for delivery in 4Q 2016. 11
Slide 12: SSDU5000 Semisubmersible
SSDU5000 Semisubmersible Robust mid-water drilling solution. Designed for harsh environments of UK North Sea, Canada and Australia. Engineered for high safety and operational performance. Superior motion characteristics. High metacentric height (GM) to avoid low frequency roll motions. Low
Slide 13: SMART Semi
SMART Semi® A reliable floatel to support the maintenance of turret-moored FPSOs. SMART (Safety, MAintenance Rapid Transit) semi supports maintenance and upgrading of process system on FPSO. Designed with enhanced agility to work alongside turret moored FPSOs improving operational uptime. The fi
Slide 14: KFELS J Class
KFELS J Class A versatile Plug & Abandonment (P&A) rig based on Keppel’s winning jackup designs. Embarked on an engineering study of a purpose-built P&A jackup rig with accommodation. Suited for the harsh environment of the Norwegian sector of the North Sea. Is expected to be 25-30% more econo
Slide 15: New Liftboat Design
New Liftboat Design A innovative liftboat solution for global operations. Offers reduced down time and stable work platform for a variety of offshore services in adverse weather conditions. Customised self-propelled and self-elevating platform An operating depth of 65 metres Accommodation ca
Slide 16: Subsea Construction Vessel
Subsea Construction Vessel A cutting-edge Subsea Construction Vessel (SCV) for the Caspian Sea. Baku Shipyard has secured a contract to design and build an SCV. The vessel will include: Dynamic positioning which enables operations in significant wave heights up to 2.5 meters; 750 MT main cra
Slide 17: Near Market, Near Customer
Near Market, Near Customer 17
Slide 18: Global Network
Global Network Yards & Offices Harnessing the synergy of 20 yards worldwide keeps us Near Market, Near Customer 18
Slide 19: Singapore: Centre of Excellence
Singapore: Centre of Excellence Keppel FELS: Offshore rig design, construction & repair. 19
Slide 20: Singapore: Centre of Excellence (cont'd)
Singapore: Centre of Excellence (cont’d) Keppel FELS: Built about 40% of jackups worldwide since 2000; Delivered 21 jackups in 2013. 20
Slide 21: Singapore: Centre of Excellence (cont'd)
Singapore: Centre of Excellence (cont’d) Keppel FELS: Built about 31% of semis worldwide since 2000. 21
Slide 22: Singapore: Centre of Excellence (cont'd)
Singapore: Centre of Excellence (cont’d) Keppel Shipyard: Expertise in vessel conversion & repair. Expertise in ship repair with an average of 400 vessels/year. 22
Slide 23: Singapore: Centre of Excellence (cont'd)
Singapore: Centre of Excellence (cont’d) Keppel Shipyard: 40% of FPSO/FSO/FSRU projects worldwide. FPSO Armada Claire, FPSO Cidade de Mateus, FPSO ASENG, SBM Bumi Armada Prosafe FPSO Maersk Peregrino, FSRU Golar Freeze, FPSO Espirito Santo, SBM Maersk FPSO Golar LNG 23
Slide 24: Singapore: Centre of Excellence (cont'd)
Singapore: Centre of Excellence (cont’d) Keppel Shipyard: 30% of turrets fabrication in the world. Armada Claire – Disconnectable Petrobras 53 FPSO Okha Riser Turret Mooring FPSO Armada TGT 1 FPSO Ningaloo Vision Skarv Turret 24
Slide 25: Singapore: Centre of Excellence (cont'd)
Singapore: Centre of Excellence (cont’d) Keppel Singmarine: Specialised shipbuilding & design Constructed over 400 specialised vessels for global clientele. Multipurpose Platform Supply and Ice-Class FSO Yuri Korchargin Rock Dumping Vessel ROCKPIPER Support Vessel Greatship Mohini Diving Support Ves
Slide 26: Strategic Alliance in China
Strategic Alliance in China 30-year agreement to manage Titan Quanzhou Shipyard: Making inroads into a closed offshore market with strong partners. Opportunity to populate Keppel’s rig designs in China. Expanding global capacity without significant investments. Keppel will manage the 110-ha sh
Slide 27: US Gulf of Mexico: Established Reputation
US Gulf of Mexico: Established Reputation Keppel AmFELS in Texas Capacity to build up to 4 jackups per year. Has to date delivered a total of 19 jackups. 5th and 6th Perforadora Central rigs under construction. 27
Slide 28: Capturing Opportunities in Mexico
Capturing Opportunities in Mexico Deepening track record: Keppel O&M has secured 18 projects to-date from Mexican customers such as PEMEX, Grupo R and Perforadora Central. New developments: Signed MOU with PEMEX to develop, own and operate a yard in Altamira, Mexico. The new yard will initiall
Slide 29: Proven in Brazil
Proven in Brazil ¥ a 7 WELLL
Slide 30: Proven in Brazil (cont'd)
Proven in Brazil (cont’d) Over 13 years of experience operating in Brazil. Total solution provider: offshore rigs, FPSO, specialised vessels, repair & upgrades. Projects delivered: 3 FPUs 5 FPSO topside integrations/conversions 2 Drillship modifications/upgrades P-61 TLWP 3 AHTSs + 2 PSVs
Slide 31: First DSS 38E Semi
31 First DSS™ 38E Semi SWAN | Ps WANA 4 iG)t:)] Offshore & Marine
Slide 32: First DSS 38E Semi (cont'd)
First DSSTM 38E Semi (cont’d) 32
Slide 33: First DSS 38E Semi (cont'd)
First DSSTM 38E Semi (cont’d) 33
Slide 34: First DSS 38E Semi (cont'd)
First DSSTM 38E Semi (cont’d) 34
Slide 35: FPSO – Cidade de Mangaratiba
FPSO – Cidade de Mangaratiba BrasFELS received bonus for delivering safely and ahead of schedule 35
Slide 36: FPSO – Cidade de Mangaratiba (cont'd)
FPSO – Cidade de Mangaratiba (cont’d) 36
Slide 37: Growing Footprint in Azerbaijan
Growing Footprint in Azerbaijan Caspian Shipyard The first international rig construction, repair and conversion yard in the Caspian region. Designed to undertake the construction of wide range of specialised vessels and merchant ships. 37
Slide 38: Growing Footprint in Azerbaijan (cont'd)
Growing Footprint in Azerbaijan (cont’d) 62-ha Baku Shipyard Officially opened on 20 September 2013. Designed to undertake the construction of wide range of specialised vessels and merchant ships. Has ship repair and conversion capabilities. 38
Slide 39: Growing Footprint in Azerbaijan (cont'd)
Growing Footprint in Azerbaijan (cont’d) Newbuild DSSTM 38M Semisubmersible rig 39
Slide 40: Strengthening Position in Middle East
Strengthening Position in Middle East Nakilat-Keppel O&M, Qatar, has repaired over 200 vessels to-date. Premium shipyard with a full and comprehensive range of services. 40
Slide 41: Strengthening Position in Middle East (cont'd)
Strengthening Position in Middle East (cont’d) 41
Slide 42: Europe's trusted O&M solutions partner
Europe's trusted O&M solutions partner Keppel Verolme, the Netherlands A longstanding tradition of high quality execution and delivery since 1957. Features one of Europe's largest docks for dry-docking, repair and maintenance, modification, conversion and construction of various vessels. 42
Slide 43: Thank you Q&As
Thank you Q&AS \¢-y>)>J-) | Offshore & Marine
Keppel — Pareto Securities' 21st Annual Oil & Offshore Conference 2014 on 6ix