Bhagwan Marine Ltd. · ASX:BWN
Bhagwan Marine — Euroz Hartleys Industrial Forum 2024
17 slides from Bhagwan Marine's conference presentation, Nov 20, 2024
Slide 1: Euroz Hartleys Industrial Forum
For personal use only Euroz Hartleys Industrial Forum 20 November 2024
Slide 2: Authorisation for Release and Disclaimer
AUTHORISATION FOR RELEASE AND DISCLAIMER Authorisation of Release: This ASX Announcement has been approved for release by the Managing Director & CEO of Bhagwan Marine Limited ABN 81 009 154 349 (ASX code: BWN) (“Bhagwan”). Important Notice: This presentation will be given at the Euroz Hartley’s Ind
Slide 3: Bhagwan Marine is a leading marine solutions provider
For personal use only Bhagwan Marine is a leading marine solutions provider operating in the oil & gas, resources, civil construction, marine logistics, offshore wind and defence industries. 3
Slide 4: Presentation Overview
PRESENTATION OVERVIEW For personal use only 1. Company Overview 2. 1Q25 Update & Growth Opportunities 3. FY25 Focus Areas 4
Slide 5: Bhagwan Marine at a Glance
BHAGWAN MARINE AT A GLANCE Supplied by fit for Operating under Bhagwan delivers purpose owned and stringent compliance and a strong four core services leased vessels safety culture For personal use only 100 C. OFFSHORE PORT SUBSEA NEARSHORE SERVICES SERVICES SERVICES SERVICES VESSELS Powered by a st
Slide 6: Our Broad Range of Services
OUR BROAD RANGE OF SERVICES (selection only) ‘Hot shot’ services for shipping agents and port authorities For personal use only Oilfield support services Supply and transport of marine plant and equipment Inspection, maintenance and repair for subsea assets Coastal and offshore towage Production sup
Slide 7: 1Q25 Update & Growth Opportunities
For personal use only 1Q25 Update & Growth Opportunities 7
Slide 8: Positive Long-Term Industry Outlook Remains
POSITIVE LONG-TERM INDUSTRY OUTLOOK REMAINS OSV Global Utilisation OSV Rate Index OSV Newbuilding Contracting Activity AHTS PSV For personal use only AHTS/AHT PSV/Supply AHTS 4,000+ BHP Jan 2005 = 100 No. Units 100% 220 600 200 90% 500 180 80% 160 400 70% 140 Data at 300 start year 120 60% 100 200 5
Slide 9: Positive 1Q25 Building for a Strong FY25
POSITIVE 1Q25 BUILDING FOR A STRONG FY25 ONGOING DEMAND ACROSS ALL REGIONS AND SECTORS Western Australia: Strong interest following defence announcements at Henderson For personal use only Northern Territory : Ongoing work with a large global energy company and strong growth opportunities, particula
Slide 10: Successfully Completed Large Decommissioning Project in 1Q25
SUCCESSFULLY CASE STUDY: COMPLETED LARGE DECOMMISSIONING LARGE-SCALE OFFSHORE PROJECT IN 1Q25 DECOMMISSIONING PROJECT IN THE For personal use only NORTHWEST OF AUSTRALIA WITH MULTI- NATIONAL OIL & GAS COMPANY 9 PLATFORMS AT DEPTHS OF UP TO 2OM • First offshore decommissioning >800K OFFSHORE HOURS LT
Slide 11: Compelling Long-Term Opportunities
COMPELLING LONG-TERM OPPORTUNITIES BHAGWAN IS IN A STRONGER POSITION FOR DECOMMISSIONING PROJECTS For personal use only • ~USD$40.5 billion of combined costs (including wells and • ~51% of the decommissioning liability was expected to facilities) for decommissioning works forecasted until 2070 occur
Slide 12: Summary of Key Growth Segments
SUMMARY OF KEY GROWTH SEGMENTS For personal use only Decommissioning Offshore Wind Defence Maintenance • Maturing of Australia’s offshore oil and • Nascent and growing market across • Ageing offshore assets and marine / gas industry the APAC region • Renewed focus on marine logistics, port infrastru
Slide 13: Innovation: Investing in the Future - 26M Inspection Vessel
INNOVATION: INVESTING CASE STUDY: IN THE FUTURE 26M INSPECTION VESSEL For personal use only REMOTELY OPERATED WITH RECOVERY SYSTEM REDUCES CREWING NUMBERS AND COSTS BY >50% • First remotely operated vessel in Australia of this size • Vessel significantly enhances safety and reduces operational costs
Slide 14: Innovation: Investing in the Future
INNOVATION: INVESTING IN THE FUTURE For personal use only 14
Slide 15: FY25 Focus Areas
For personal use only 15 FY25 Focus Areas
Slide 16: Operational Excellence & Growth
OPERATIONAL EXCELLENCE & GROWTH For personal use only • Keeping our people safe • Streamlining systems and processes • Strengthening capabilities and core business to deliver high- quality services and project outcomes • Expanding in growth sectors • Longer-term contracts that ensure higher vessel u
Slide 17: For personal use only
PERTH : P Level 3 SG \ 251 St Georges Ferrace—— ||" Wh) N 1 ah if Perth WA 6000, | sd (eh Mh NC - investor.relations@bhagwanmarine.com & _ bhagwanmarine.com atl : Z : marine.
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