Sbm Offshore Nv · EURONEXT:SBMO

Sbm Offshore Nv — Investor Day (September 2014)

16 slides from Sbm Offshore Nv's investor day presentation, Sep 19, 2014

  1. Slide 1: Strategy

    Strategy Øivind Tangen Group Strategy Director September 19, 2014 © SBM Offshore 2014. All rights reserved. www.sbmoffshore.com

  2. Slide 2: Disclaimer

    Disclaimer Some of the statements contained in this presentation that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual

  3. Slide 3: Agenda

    Agenda Attractive market & opportunities Enlarging our footprint Changing industry conditions Our response Ready to Grow IR - 19/09/2014 3

  4. Slide 4: Unconventional Oil Market

    Oil Market • Oil demand to grow due to World Supply/ Demand Outlook (MMb/d) motorizing of China and India 120 Unconventional Refinery processing gains • Shale oil supply growth is a surge, 100 Biofuels NGLs+ not an evergreen 80 Other unconventionals Light Tight Oil • Growth of unconventionals(1) 60

  5. Slide 5: Global Oil Price Vision

    Global Oil Price Vision Top 400 Breakeven of Non-Producing Oil Assets • Oil prices expected to stay flat 110 Heavy Oil until end of the decade Breakeven Price ($/bbl) 100 Deepwater Ultradeepwater 90 80 “Shale Oil” • Risk skewed to the upside over 70 60 Traditional time when U.S. shale oil Shale oil

  6. Slide 6: Trends in Exploration

    Trends in Exploration Global Discoveries (Number) Volumes Discovered (MMboe) Volumes by Commerciality 600 25,000 120 Volume Discovered (bnboe) 500 100 20,000 400 80 15,000 300 60 10,000 200 40 5,000 100 20 0 0 0 2003 2005 2007 2009 2011 2003 2005 2007 2009 2011 Onshore Shelf Deepwater Onshore Shelf

  7. Slide 7: Many Countries with (Ultra)Deepwater Basins

    Many Countries with (Ultra)Deepwater Basins (Ultra)Deepwater Yet-to-Find vs Value Our Playing Field 30 Nigeria: Niger • 48 countries with 58 (ultra)deepwater oil & Delta Brazil: Santos gas basins 25 Ghana: Cote – 20 countries with deepwater oil basins, Value Creation @ Base price (US$Bn) d'Ivoire 14

  8. Slide 8: The Industry's CapEx Outlook

    The Industry’s CapEx Outlook Global E&P CapEx Spending Outlook • No CapEx contraction in any region, $1,200 despite a slight pullback on the part Capital Spending (US$ Bn) $1,000 $800 of the Majors $600 $400 • The new era of oil forces oil $200 companies to become more cost $0 1985 1988 1991 1994 19

  9. Slide 9: (Ultra)Deepwater CapEx

    (Ultra)Deepwater CapEx Top 400 (Ultra)Deepwater (750m+) CapEx Growth – Unrisked • No visibility of any slowdown in $120 deepwater CapEx $100 North America $80 Middle East • Golden Triangle continues to dominate the Deepwater business for US$Bn $60 Latin America $40 Europe the foreseeable future Asia

  10. Slide 10: What's Changed?

    What’s Changed? 2000-2012 2013 & Beyond Rapid growth in the Deepwater frontier Experience from past (complex) projects Technology & local capabilities stretched to Improved upfront project scoping / more the limit; poorly developed supply chain front-end engineering; avoid re-scoping Tight offshore

  11. Slide 11: SBM Strategic Actions

    SBM Strategic Actions Client Issues & Trends SBM Response Technology development & Increased technical complexity leverage Cost pressure Cost reduction initiatives Search for new (ultra) deepwater Entering new areas & breaking resources new grounds Preferred partner & closer Industry capacity & capa

  12. Slide 12: Enlarging the Envelope

    Enlarging the Envelope TECHNOLOGY PROJECT EXECUTION OPERATIONS FINANCE & LEASE Current: Focus on top-end segment • FPSOs • Turret Moorings • Turnkey Sale or Lease & Operate Way forward: Enlarging the envelope • Floating LNG (FLNG) • Semisubmersible & TLP production units SBM Vision: To be the truste

  13. Slide 13: Top Contractor to Our Clients

    Top Contractor to Our Clients SBM’s Value Added Proposition • We provide highly customized strategic solutions to our clients Top Risk / Value Bottleneck Critical • We enable our clients to differentiate themselves in the marketplace Core • We strive to offer the greatest return on investment Routin

  14. Slide 14: Full Value Chain Involvement

    Full Value Chain Involvement FEED FID Identify & Select Define Execute Operate Assess Project Concept Basis for Design, Produce, Initiation Selection Design Construct Maintain Field Install, Reservoir – Feasibility Project Spec & Development Commission, FPSO Study Execution Plan Plan Test Optimizati

  15. Slide 15: Conclusions

    Conclusions Attractive market & opportunities Enlarging our footprint Changing industry conditions Our response Ready to Grow IR - 19/09/2014 15

  16. Slide 16: Q&A

    Q&A © SBM Offshore 2014. All rights reserved. www.sbmoffshore.com © SBM Offshore 2014. All rights reserved. www.sbmoffshore.com

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