Subsea 7 S.a. · OSL:SUBC
Subsea 7 — Investor Presentation (February 2007)
18 slides from Subsea 7's investor presentation, February 2007
Slide 1: Investor Presentation
Investor Presentation Oslo / London February 2007 1
Slide 2: Agenda
Subsea Partner of Choice Company Profile Financials Agenda Key Focus Areas Backlog / Market 2
Slide 3: Company Profile
Subsea Partner of Choice Company Profile A company dedicated to global subsea oil and gas infrastructure. Born out of the histories, track records and people of DSND, Halliburton Subsea, Subsea Offshore and Rockwater. Listed on the Oslo Stock Exchange (ticker SUB) since August 2005. WHO WE ARE Earne
Slide 4: Vision and Values
Subsea Partner of Choice Vision and Values Five words embody the values of Subsea 7 SAFE The Company does not want to see anyone hurt or injured through their efforts for Our Vision Subsea 7. It’s avoidable, unnecessary and morally unacceptable. We will be the Subsea Partner of CLEAN Choice in the c
Slide 5: Subsea Field Development
Subsea Partner of Choice Subsea Field Development 5
Slide 6: What we do in all water depths
Subsea Partner of Choice What we do in all water depths Subsea Field Survey and Development Positioning Inspection, Repair & I-Tech Drill Rig Maintenance Operations Development and Application of Subsea Veripos Technology 6
Slide 7: Current Locations
Subsea Partner of Choice Current Locations 7
Slide 8: Financial Highlights
Subsea Partner of Choice Financial Highlights Pleasing year on year improvement in revenue and profitability… NOTE: FIGURES FOR 2006 ARE UNAUDITED 8
Slide 9: Profit / (Loss) Before Tax by Region Excluding Discontinued Operations
Subsea Partner of Choice Profit / (Loss) Before Tax by Region Excluding Discontinued Operations Strong performance in North Sea and West Africa in particular… 9
Slide 10: EBITDA by Quarter 2005 & 2006
Subsea Partner of Choice EBITDA by Quarter 2005 & 2006 …however quarterly volatility inherent in this business as evidenced in Q4 2006 10
Slide 11: Key Focus Areas
Subsea Partner of Choice Subsea 7 Key Focus Areas 11
Slide 12: New Vessel Investment
Subsea Partner of Choice New Vessel Investment Owned Seven Oceans Seven Seas Shell DSV Rigid Pipelay Flexlay and J-lay Diving Support and Construction Vessel Construction Vessel Vessel for Shell USC Chartered Geo Bergen Normand Seven Shell ROVSV Skandi Seven ROV Support *Skandi Seven will replace Ge
Slide 13: New Vessels Entering Fleet Delivery Programme
Subsea Partner of Choice New Vessels Entering Fleet Delivery Programme Q107 Q207 Q307 Q407 Q108 Q208 Q308 Q408 Q109 O W N E D Seven Seven Shell DSV Oceans Seas C H A R T E R E D Geo Normand Shell Skandi Bergen * Seven ROVSV Seven * *Skandi Seven will replace Geo Bergen in 2008 13
Slide 14: New Assets
Subsea Partner of Choice New Assets New spoolbase in Vigra, Norway will help Ongoing investment programme on Acquisition of specialist welding company Petrology maximise the regions pipelay potential construction and I-Tech ROV fleet will secure a critical supply chain for the future New London offi
Slide 15: Our People
Subsea Partner of Choice Our People • 4317 personnel today • 2358 offshore and 1959 onshore • Increase of over 1000 from 2005 • Will recruit >500 new staff in 2007 • Recruited over 150 trainees offshore and 75 engineering graduates onshore in 2006 15
Slide 16: Backlog 2005 Vs 2006
Subsea Partner of Choice Backlog 2005 Vs 2006 …$4 billion of new contracts won in 2006 16
Slide 17: Backlog as at 31st December 2006 by Year of Execution
Subsea Partner of Choice Backlog as at 31st December 2006 by Year of Execution 17
Slide 18: Market Outlook and Summary
Subsea Partner of Choice Market Outlook and Summary • Overall very pleased with financial performance and progress of the company in 2006 which was underpinned by consistently good project execution and high asset utilisation. • Significant investment programme in Vessels, Resources and Onshore Faci