Subsea 7 S.a. · OSL:SUBC
Subsea 7 — Pareto Oil & Offshore Conference 2011
15 slides from Subsea 7's conference presentation, August 2011
Slide 1: Pareto Oil & Offshore Conference
Pareto Oil & Offshore Conference Jean Cahuzac, CEO August 2011
Slide 2: Forward-looking statements
Forward-looking d l k statements Certain statements made in this announcement may include “forward-looking forward-looking statements statements” within the meaning of Section 27A of the Securities Act and Section 21E of the US Securities Exchange Act of 1934. These statements may be identified by t
Slide 3: Subsea 7 - a leading strategic partner in seabed-to-surface engineering, construction and services
Subsea 7 - a leading strategic partner in seabed-to-surface b d f engineering, construction and d services SURF Conventional • Global footprint • West Africa focus • Growing market • Strong market • Experts p in design, g , engineering, g g, • Local expertise p fabrication, installation and • Proven
Slide 4: An improving business environment
An improving business b environment • Global SURF activityy – Increasing activity in almost all markets albeit different pace in different geographical areas - Significant g increase in the North Sea both in Norway & UK – Very large EPIC contracts expected to come to market award within 12 months (B
Slide 5: Today's industry challenges
Today’s d ’ industry d challenges h ll … Deeper waters and more challenging environments Growing size and complexity of large EPIC contracts Shortage of resources in a growing global market Local content requirements Risk management and reliability paramount August 2011 Page 5
Slide 6: Today's industry challenges are Subsea 7's opportunities
Today’s d ’ industry d challenges h ll … are Subsea S b 7’s ’ opportunities Deeper waters and more Proven expertise and challenging environments execution track record Growing size and complexity Large engineering L i i & of large EPIC contracts project management capabilities Fleet size & flexibili
Slide 7: Well positioned to capture opportunities: Scale
Well ll positioned d to capture opportunities: Scale S l August 2011 Page 7
Slide 8: Well positioned to capture opportunities: Our Global Presence
Well ll positioned d to capture opportunities: Our O GlGlobal b l Presence North Sea • Record levels of tendering • Increasing activity leading to improved utilisation and improving pricing environment especially for projects offshore 2012+ Gulf of Mexico • Timing of improvements uncertain Asia Paci
Slide 9: Well positioned to capture opportunities: Our Financial Strength
Well ll positioned d to capture opportunities: Our O Financiall S Strength h • We have delivered strong order book momentum and improved geographical diversification Backlog $7.9bn $6.4bn $5.0bn Subsea 7 S.A. (formerly Acergy S S.A.) A) Subsea 7 Inc. H1 2010 FY 2010 H1 2011 • Priority: Maintaining a
Slide 10: Well positioned to capture opportunities: Our People
Well ll positioned d to capture opportunities: Our O People l • Long-term investment in our people: – High High-performing performing – Solution-focused – Multi-national – Integrated global teams – Recognised experts in their fields • Effective management of worldwide resources: – Following the comb
Slide 11: Fleet
Well ll positioned d to capture opportunities: Our O Fleet l • Focused on achieving the optimal deployment of the optimal fleet • We operate over 40 vessels and continue to enhance our fleet to drive profitable growth BUILD Delivered H1 2011 Expected delivery H1 2012 RELEASE DIVEST / Returned to own
Slide 12: Well positioned to capture opportunities: Our Local Content
Well ll positioned d to capture opportunities: Our O Locall C Content • Cultural diversification and tailored local content: • We are committed to developing the local capabilities of the countries in which we work • We have a diverse international workforce with more than 70 nationalities deployed
Slide 13: Well positioned to capture opportunities: Our Technology
Well ll positioned d to capture opportunities: Our O Technology h l • We offer a rich portfolio of technology capabilities, innovative design and engineering g g solutions to our clients – Including: - Riser technologies - Bundle technology - High performance Pipe-in-Pipe - Mechanical Lined Pipe - W
Slide 14: Conclusion
C Conclusion l • Focused on key y markets with long-term, g , strong g and sustainable growth g characteristics; where we can differentiate ourselves • Our business environment is improving and market fundamentals remain strong • Very well positioned to face the Industry challenges and capture oppor
Slide 15: seabed-to-surface
seabed-to-surface b 7 www.subsea7.com August 2011 Page 15