Seatrium Limited · SGX:5E2
Seatrium — Shareholder Meeting (April 2025)
11 slides from Seatrium's shareholder meeting presentation, Apr 23, 2025
Slide 1: 62nd Annual General Meeting
62nd Annual General Meeting 23 April 2025
Slide 2: Disclaimer
DISCLAIMER The material in this Presentation has been prepared by Seatrium Limited and contains general background information about the Company’s activities as at the date of this Presentation. No representation, warranty, or undertaking, express or implied, is made as to, and no reliance should be
Slide 3: 2028 Strategy: Towards profitable and resilient growth
2028 Strategy: Towards profitable and resilient growth Significant progress towards 2028 targets Jun’24 Feb’25 Achieved first- Announced first dividend half profitability 1.5 cents per share Apr’24 Dec’24 S$100m share First full-year profitability Dec’23 buyback program Sustainability Vision 2030 Ju
Slide 4: Achieved strong revenue growth and turnaround in profitability in 2024
Achieved strong revenue growth and turnaround in profitability in 2024 Revenue Net Profit S$’b S$’m Turned +27% Positive S$200m 9.2 157 Underlying Net Profit1 ▪ Strong execution 7.3 ▪ Leaner cost structure S$300m Synergies and recurring annual savings by end-2025 -2,017 FY23 FY24 FY23 FY24 Note 1. 2
Slide 5: Building financial resiliency to support business growth
Building financial resiliency to support business growth Net Current Assets S$’m 1.1x 554 Net debt/EBITDA ratio NCL to NCA1 S$3.5b+ Cash and undrawn facilities S$1.3b Committed global syndicated 55 bank guarantee facility S$200m+ Generated from monetisation of non-core assets/investments to-date -1,
Slide 6: Customers' continued trust in our ability to execute
Customers’ continued trust in our ability to execute Secured record S$15.2b new order wins1, S$11b from P-84 & P-85 Net Order Book S$’b +43% Secured series-build projects P-84 & P-85 23.2 ▪ FPSOs #5 & #6 P-series EPC FPSO from Petrobras TenneT Nederwiek 2 16.2 ▪ Offshore Wind Substations #3 HVDC fro
Slide 7: Reinforcing our franchise in repairs & upgrades
Reinforcing our franchise in repairs & upgrades Operating with 22 Favoured Customer Contracts to date Clipper Eris – World’s 1st onboard CCS retrofit Fortescue Green Pioneer – World’s 1st green ammonia powered vessel … including 6 new FCCs signed/renewed in 2024 Provides revenue & operational visibi
Slide 8: Driving design & technological developments
Driving design & technological developments Building capabilities for the future Low Carbon Energy Production Solutions ▪ Launched Green/Blue Ammonia FPSO at GasTech 20241 Blue Ammonia FPSO – launched at GasTech Carbon Capture & Storage (CCS) ▪ Developed SEARA Onboard Carbon Capture System ▪ Deliver
Slide 9: Receiving recognition in what we do
Receiving recognition in what we do Received ‘A’ rating, upgraded from Received 2 merit awards for ‘BBB’ - Reflects Seatrium’s integrating sustainability into our management of financially relevant operations, products and ESG risks & opportunities solutions Recognition for securing a US$500m Clinch
Slide 10: Summary
Summary Achieved Exceeding our Enhancing resilience Progressing towards turnaround in customers’ trust in with disciplined 2028 targets and profitability and delivering excellence execution and enhancing strengthened while growing our diversified portfolio shareholder returns financial position busi
Slide 11: Engineering Our Future Together
Engineering Our Future Together