Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — Investor Day (December 2017)
72 slides from Bureau Veritas Sa's investor day presentation, Dec 8, 2017
Slide 1: Royal IHC Presentation
ROYAL IHC PRESENTATION Bureau Veritas Investor Days Arjan Klijnsoon - Executive Director Shipbuilding ROYALIHC.COM
Slide 2: Introducing IHC
Introducing ihc
Slide 3: About IHC > This is IHC
ABOUT IHC > THIS IS IHC INTERNATIONAL INDUSTRIAL TECHNOLOGY FABRICATOR INTEGRATOR INNOVATOR.
Slide 4: About IHC > Company Profile
ABOUT IHC > COMPANY PROFILE MISSION PEOPLE Royal IHC designs, builds and maintains innovative equipment • About 2,800 employees and vessels, working from sea level to ocean floor, for maritime service providers in the offshore, dredging and • 600 employed international mining industries. We sell or
Slide 5: About IHC > History
ABOUT IHC > HISTORY
Slide 6: About IHC > Worldwide
ABOUT IHC > WORLDWIDE ‘THE NETHERLANDS ‘APELDOORN HARDINXVELD - GIESSENDAM ALPHEN AAN DEN RUN SLIEDRECHT DELFT ROTTERDAM KRIMPEN AAN DEN LUSSEL CAPELLE AN DEN LJSSEL ors KINDERDUK AAMSDONKSVEER Ea PEEGEREEEEGLG 2 3 7 ga oerees gE RF a8 23 BERBER" 8 . 28 3 a
Slide 7: About IHC > Safety
ABOUT IHC > SAFETY WAY OF WORKING REGULATIONS We set stringent uniform SHEQ-CSR policies on Integrated We manage compliance to rules and regulations and improve Health Management and Personal Protective Equipment. SHE our performance continuously by Audits, centralized Action is integrated in Perfor
Slide 8: About IHC > Corporate Social Responsibility
ABOUT IHC > CORPORATE SOCIAL RESPONSIBILITY SUSTAINABLE ENTREPRENEURSHIP • innovation • chain responsibility • good governance SOCIAL RESPONSIBILITY • human righs & labour practices • health & safety • training & education • IHC Merwede Foundation ENVIRONMENTAL ACCOUNTABILITY • research into the env
Slide 9: About IHC > Design Principles
ABOUT IHC > DESIGN PRINCIPLES
Slide 10: About IHC > Markets
ABOUT IHC > MARKETS
Slide 11: About IHC > Markets > Dredging
ABOUT IHC > MARKETS > DREDGING PORTFOLIO • Standard and Custom-built Hopper Dredgers • Custom-build Cutter Suction Dredgers • IHC Beaver® Cutter Suction Dredgers • Mechanical Dredging Equipment • Dredge Line Components • Dredging Systems & Automation
Slide 12: About IHC > Markets > Offshore
ABOUT IHC > MARKETS > OFFSHORE PORTFOLIO • Pipelay and Cablelay • Foundation & Installation Equipment • Module Handling & Well Intervention • Diving & Hyperbaric • FPU Mooring & Offloading • Offshore Support • Seabed Intervention • Heavy Lift & Windfarm Installation • Subsea Equipment
Slide 13: About IHC > Markets > Mining
ABOUT IHC > MARKETS > MINING PORTFOLIO • Dredge Mining Equipment • Marine Mining Equipment & Vessels • Minerals Processing • Mining Advisory Services
Slide 14: About IHC > IHC Services
ABOUT IHC > IHC SERVICES INCREASE UPTIME IMPROVE PERFORMANCE EASE FINANCING Maintenance Support Renovations & Engineering Rental Repairs & Docking Management Training Extended Warranty Parts & Logistics Consultancy Financial Solutions
Slide 15: Key Projects > Pipe- & Cable-lay
KEY PROJECTS > PIPE- & CABLE-LAY 5x 550t FLEXIBLE PIPELAY VESSEL CLIENT: SAPURAKENCANA, BRAZIL
Slide 16: Key Projects > Hopper Dredging
KEY PROJECTS > HOPPER DREDGING 3500m2 & 8000 m2 LNG HOPPER DREDGER CLIENT: DEME, BELGIUM
Slide 17: Key Projects > Hopper Dredging
KEY PROJECTS > HOPPER DREDGING 2700m2 EASYDREDGE® STANDARD HOPPER CLIENT: DASA, ARGENTINA
Slide 18: Key Projects > Cutter Dredging
KEY PROJECTS > CUTTER DREDGING STANDARD IHC BEAVER® CUTTER DREDGE CLIENT: VARIOUS, WORLDWIDE
Slide 19: Key Projects > Cutter Dredging
KEY PROJECTS > CUTTER DREDGING 24,702KW CUTTER SUCTION DREDGE CLIENT: VAN OORD, NETHERLANDS
Slide 20: Key Projects > Subsea Equipment
KEY PROJECTS > SUBSEA EQUIPMENT COMPACT SUBSEA SEPARATION SYSTEM CLIENT: NON-DISCLOSED
Slide 21: Key Projects > Seabed Intervention
KEY PROJECTS > SEABED INTERVENTION HI-TRAQ INTER ARRAY CABLE TRENCHER CLIENT: NON-DISCLOSED
Slide 22: Key Projects > Module Handling
KEY PROJECTS > MODULE HANDLING 150t MODULE HANDLING SYSTEM CLIENT: HELIX WELL OPS, UK
Slide 23: Key Projects > FPU Mooring & Offloading
KEY PROJECTS > FPU MOORING & OFFLOADING MV26 TANDEM OFFLOADING SYSTEM CLIENT: MODEC, BRAZIL
Slide 24: Key Projects > Architectural Steel
KEY PROJECTS > ARCHITECTURAL STEEL SHADE STRUCTURES THE PARK LAS VEGAS CLIENT: MGM, UNITED STATES
Slide 25: Arzana
arzana 25
Slide 26: The Technology
THE TECHNOLOGY INNOVATOR.
Slide 27: Bureau Veritas Investor Days: M&O and Commodities
Bureau Veritas Investor Days M&O and Commodities December 8, 2017
Slide 28: Disclaimer
DISCLAIMER This presentation contains statements related to our future business and financial performance and future events or developments involving Bureau Veritas that may constitute forward-looking statements. These statements are based on current plans and forecasts of Bureau Veritas’ management
Slide 29: Marine & Offshore
Marine & Offshore
Slide 30: Marine market perspective
Marine market perspective New ship orders World fleet growth (In mGT) (In mGT) 120 1,400 1,200 100 1,000 80 800 60 600 40 400 20 200 0 0 2012 2013 2014 2015 2016 2017 2018 2012 2013 2014 2015 2016 2017 2018 Source: Clarksons 09/2017 (base case forecast). Source: Clarksons 09/2017 (base case forecast
Slide 31: One of the top players
One of the top players Leading Class Societies Steady growth of BV fleet 272 Fleet in mGT BV Fleet in mGT 248 (in million gross tonnage) (in million gross tonnage) and market share 222 114 118 * 202 110 97 103 86 91 110 97 66 36 DNV GL NKK ABS LR BV CCS KR RINA Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec
Slide 32: A diversified fleet
A diversified fleet Portfolio with all ship types & sizes BV fleet by ship type (In GRT) As of 09/2017 MSC Meraviglia (MSC) T Roosevelt (CMA CGM) Dry bulk 34% Container 16% Dry cargo 6% Eagle Le Havre (AET) Christophe de Margerie (SCF) Tanker 21% Gas 7% Passenger 3% Offshore 5% ► Strong track record
Slide 33: A resilient business model
A resilient business model Marine & Offshore revenue breakdown Revenue and adjusted operating profit1 (In €m) New 405 392 Construction 317 314 319 317 324 40% 294 60% In Service 99 91 94 106 98 85 78 81 2009 2010 2011 2012 2013 2014 2015 2016 ► Steady growth for the In Service activity balancing the
Slide 34: Added value for ship builders
Added value for ship builders Case study: global service contract ► Global network ♦ 16 integrated technical offices ♦ Design support and risk analysis ► BV class of choice for key products, incl. tugs, ► Large portfolio of references fast ferries, dredgers & workboats ♦ Full range of vessel types ►
Slide 35: Added value for ship owners
Added value for ship owners Case study: maintenance optimization ► Global network ♦ 180 survey stations ♦ 12 regional marine centers ► Objectives: maintain safety, improve fleet ► Wide range of services beyond performance & reduce cost classification ♦ Leverage on BV Group ► BV provides VeriSTAR AIM
Slide 36: Leadership in LNG as fuel
Leadership in LNG as fuel A promising propulsion alternative Orderbook for LNG fueled ships As of August 2017 Bureau Veritas 35% ► Driven by environmental regulation and fuel cost ► Tankers (product, gas) ► Cruise & ferries 65% ► Container ships Others ► LNG bunkering infrastructure expanding ► BV s
Slide 37: Leadership in LNG as fuel
Leadership in LNG as fuel Copyright CSSC-CMACGM 9 x 22,000 TEU Containerships Investor Days December 7 & 8, 2017 37
Slide 38: Leadership in LNG as fuel + World Class Cruise Ships
Leadership in LNG as fuel 2 + 2 World Class Cruise Ships Investor Days December 7 & 8, 2017 38
Slide 39: Full scope of services for the Offshore market
Full scope of services for the Offshore market Full scope of services For all types of assets Marine & Offshore Advisory Services Class • Structural analysis • Risk & safety • Loss adjustment 3rd party Certification • Classification • Equipment certification • Marine warranty survey Inspection Servi
Slide 40: Oil & Gas Offshore market trend
Oil & Gas Offshore market trend Capex expenditures Opex expenditures (In €m) (In €m) 25 120 20 100 Global orders 80 15 60 10 40 5 20 0 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 ► Strong presence in Floating Production ► Opportunities in Ope
Slide 41: Additional growth drivers
Additional growth drivers Regulatory pressure Demand for high value services ► Air emissions ► Engineering ► Ballast water management ► Risk analysis ► Social responsibility ► Dynamic positioning ► Marine warranty surveys ► Loss adjustment Investor Days December 7 & 8, 2017 41
Slide 42: Innovation at the heart of our services
Innovation at the heart of our services Hydro-structure Risk management Smartship ► Hydrodynamic ► Simulation ► Fleet performance ► Virtual tank test ► Risk based rules ► Connected vessels ► Whipping & springing ► Alternative designs ► Autonomous ships 4% of revenue invested Strategic alliances in r
Slide 43: Digital initiatives
Digital initiatives Operations Customer experience New services ► On-line scheduling ► Electronic certificates ► Advanced surveys techniques ► Connected surveyor ► Apps and portal ► 3D digital twin ♦ Asset integrity management ► E-Learning ♦ 3D classification ► E-business ► Cyber services Investor D
Slide 44: Contracts awarded and tenders ongoing
* ► Contracts awarded by a FSRUs owner and a NOC * NOC: National Oil Company FPSO: Floating Oil Production and Storage unit ► Tenders on-going with a FPSO operator and an IOC IOC: International Oil Company FSRU: Floating liquified natural gas Storage and Regasification Unit ► In discussion with a NO
Slide 45: Contracts awarded and tenders ongoing
* ► Contracts awarded by a FSRUs owner and a NOC * NOC: National Oil Company FPSO: Floating Oil Production and Storage unit ► Tenders on-going with a FPSO operator and an IOC IOC: International Oil Company FSRU: Floating liquified natural gas Storage and Regasification Unit ► In discussion with a NO
Slide 46: Contracts awarded and tenders ongoing
* ► Contracts awarded by a FSRUs owner and a NOC * NOC: National Oil Company FPSO: Floating Oil Production and Storage unit ► Tenders on-going with a FPSO operator and an IOC IOC: International Oil Company FSRU: Floating liquified natural gas Storage and Regasification Unit ► In discussion with a NO
Slide 47: Contracts awarded and tenders ongoing
* ► Contracts awarded by a FSRUs owner and a NOC * NOC: National Oil Company FPSO: Floating Oil Production and Storage unit ► Tenders on-going with a FPSO operator and an IOC IOC: International Oil Company FSRU: Floating liquified natural gas Storage and Regasification Unit ► In discussion with a NO
Slide 48: Key Takeaways
Key Takeaways KEY TAKEAWAYS DIVERSIFY INTO ► High barriers to entry INNOVATIVE SERVICES ► Leading expertise and innovative services & MAINTAIN TECHNOLOGICAL ► Resilient business model with high profitability LEADERSHIP Investor Days December 7 & 8, 2017 48
Slide 49: Commodities
Commodities
Slide 50: Commodities Metals & Minerals Trade Video
Commodities Metals & Minerals Trade Video Investor Days December 7 & 8, 2017 50
Slide 51: Commodities Trade and Testing Overview
Commodities Trade and Testing Overview Key Facts Revenue Trends (€m) 700 650 600 ► Commodities - Energy, Metals, Food drive 550 Global growth engine 500 450 400 2015 2016 2017e ► Commodity trading accounts for >30% of total international trade Revenue Split Geographical Split ► Globalised supply cha
Slide 52: Commodities Mega Trends
Commodities Mega Trends Electrical Vehicles Supply Chain Environment Outsourcing China Cobalt, Copper & Zinc Increasingly Tightening Increased Ongoing demand demand for EVs complex global of pollution outsourcing for commodities trade patterns and environmental of customer remains strong 70% increas
Slide 53: From Zero to 1 Billion € in 10 years
From Zero to 1 Billion € in 10 years 3 Major Acquisitions Cesmec/Geoanalytic Inspectorate – KMA Upstream Schutter Group – CCI Acquisition a in Chile, global CTD trade Acme Labs Maxxam Analysts Agri Acquisition global Agri trade Break in Australia AMDEL in Australia Acquisition in Canada in Canada in
Slide 54: A Strong Global Network
A Strong Global Network Vancouver Rotterdam Houston Dubai Singapore Global Map key Oil & Petrochemicals Agri & Fertilizers Metals & Minerals Santiago Johannesburg Perth Regional Centres Investor Days December 7 & 8, 2017 54
Slide 55: Oil & Petroleum Video
Oil & Petroleum Video Investor Days December 7 & 8, 2017 55
Slide 56: Rotterdam – European Trading Hub
Rotterdam – European Trading Hub Hamburg Willhelmshaven ► Rotterdam is 9th largest global port Amsterdam Bremerhaven for total volume, Number 1 in Europe Rotterdam ► No 1 port in world for refined oil Ghent Antwerp and petrochemical volumes ► 5% global iron ore trade Dunkirk ► 7% global coal ► 10% g
Slide 57: BV network aligned to changing demands
BV network aligned to changing demands BV’s International Network Changing Demand for Oil Products ► 125 laboratories globally ► Africa and Asia - Population + ► Jet Fuel – Air Travel + ► Increasing footprint across Asia, Africa ► Naphtha / LPG – Chemical Production + and Middle East ► Marine Diesel
Slide 58: O&P – Service Portfolio Expansion
O&P – Service Portfolio Expansion Marine Fuel Oil Condition Monitoring QA/QC Analysis ► VeriFuel - Fuel quality control on ► Used oil analysis to support ► Leverage existing O&P lab network behalf of ship owners and charters maintenance in industry / heavy ► Expansion of technical services duty / ma
Slide 59: Metals & Minerals Trade
Metals & Minerals Trade Why do Clients Need BV? Sampling is Everything Testing Expertise ► Our function is to determine ► Everything starts with a good ► All labs are not created equal how much copper / iron / coal quality sample is present ► BV Trade lab’s specialise ► Any bias in the sample will i
Slide 60: Focus on Copper
Focus on Copper International Network China Main Import Locations China NF Concentrate Imports 25 20 15 10 5 0 2010 2011 2012 2013 2014 2015 2016 ► International network of inspectors ► Chinese consumption of metals TOTAL Concentrates: & laboratories continues to drive growth ► Supported by Global t
Slide 61: Urban Mining – A Growing Business for BV
Urban Mining – A Growing Business for BV E-Scrap Testing Automotive Catalysts High Precision Testing ► E-scrap one of the fastest growing ► 50% of global PGM used ► BV inspectors collect samples secondary metal streams in automotive catalysts and verify weight in the world ► High collection / recycl
Slide 62: Agri-Commodities
Agri-Commodities UPSTREAM INLAND LOADING TRANS- DISCHARGE RECEIVER END USER AGRI PORT SHIPMENT PORT Pre-Farm Inland Load port Trans- Discharge To market Consumer & On-Farm Domestic Load port shipment port On-site Food ingredients, Agri inputs / crop logistics from inspection Storage / blending Disch
Slide 63: Aflatoxin – Ensuring a Safe Supply Chain
Aflatoxin – Ensuring a Safe Supply Chain What is it? Where do we test? How we add value ► Aflatoxin is a naturally occurring ► Testing & screening to identify ► Incremental samples taken mold found in grains during cargo ‘hotspots’ carried out during from loading conveyor excessive drought or precip
Slide 64: Upstream Agri – the Next Step
Upstream Agri – the Next Step Precision Agriculture Digital Remote Monitoring Crop Monitoring ► New biotechnology combined ► Digital data collected from crop ► BV proprietary digital platform with digital Precision Ag data field inspections and satellite providing on line information are delivering
Slide 65: Q&A
Q&A
Slide 66: Conclusion
Conclusion
Slide 67: Bureau Veritas Investor Days: M&O and Commodities
Bureau Veritas Investor Days M&O and Commodities December 8, 2017
Slide 68: Royal IHC Presentation
ROYAL IHC PRESENTATION Mr Leo Rodenburg – SHEQ Manager Shipbuilding ROYALIHC.COM
Slide 69: Safety during site tours > Kinderdijk
Safety during site tours> kinderdijk> SAFETY RULES DURING SITE TOURS • Stay with your IHC guide • Keep on the green walkways • Use the prescribed Personal Protective Equipment • Helmet • Safety shoes • Safety glasses • Hearing protection (>80dB) • Orange safety jacket • When the alarm sounds: go wit
Slide 70: Safety during site tours > Kinderdijk
Safety during site tours > kinderdijk >
Slide 71: We wish you a safe and interesting site tour
We wish you a safe and interesting site tour
Slide 72: The Technology
THE TECHNOLOGY INNOVATOR.