Sbm Offshore Nv · EURONEXT:SBMO

Sbm Offshore Nv — Barclays CEO Energy-Power Conference 2018

20 slides from Sbm Offshore Nv's conference presentation, Sep 4, 2018

Slide 2: Disclaimer
Disclaimer The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this presentation “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions
Slide 4: Perfectly Positioned
Why SBM Offshore, and why now..? +25% Global energy demand growth by 2040 50% of Deepwater projects more competitive than Shale Perfectly Positioned © SBM Offshore 2018. All rights reserved. www.sbmoffshore.com 4
Slide 5: Leading Global FPSO Contractor
Leading Global FPSO Contractor 1st > 50 2 FAST4WARDTM CONCEPT FLOATING PRODUCTION LARGE PROJECTS UNDER TO PROJECT AWARD SYSTEMS DELIVERED CONSTRUCTION 10% 99% Early and late GLOBAL DEEPWATER OIL HISTORICAL OIL cycle player PRODUCED BY SBM UNITS PRODUCTION UPTIME © SBM Offshore 2018. All rights reser
Slide 7: Long Term Macro Trends
Long Term Macro Trends Population growing to 8.5 billion in Electricity from Solar and Wind 2040 +400% by 2040 +25% Global energy demand +25% by Natural gas volume to increase 2040 more than any other energy source Electricity demand doubles in Oil continues to play a leading role non-OECD countries
Slide 8: Oil Remains Primary Source
Oil Remains Primary Source World Energy Consumption by Energy Source (quadrillion Btu) History Projection 250 200 150 100 50 0 1990 2000 2010 2020 2030 2040 Source: EIA International Energy Outlook 2018 © SBM Offshore 2018. All rights reserved. www.sbmoffshore.com 8
Slide 9: Supply Gap
Supply Gap World Oil Supply and Demand Lack of investment since 2014 Million bbls/d Supply gap projected Investment required Existing supply + planned fields Extra recovery existing fields Demand range Not if, but when Source: IEA © SBM Offshore 2018. All rights reserved. www.sbmoffshore.com 9
Slide 10: Deepwater is Competitive
Deepwater is Competitive 140 Oil Projects Cost Curve1 120 Deepwater Break-even Price 100 Deepwater continues to gain (bbl/US$) Traditional Shale 80 competiveness 60 40 20 0 0 5,000 10,000 15,000 >50% Deepwater projects Cumulative Peak Oil Production (kboe/d) more competitive than shale 60 Project Ec
Slide 11: Overall FPSO Market
Overall FPSO Market Historical and Estimated Total FPSO Market Awards 18 Four awards to date in 2018 16 14 12 Up to 10 awards expected in 7 10 2018 3 8 5 6 3 4 6 2019 acceleration anticipated 2 3 3 2 2 1 1 1 1 11 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 e2018e2019 SBM Offsh
Slide 13: Dealt with the past…
Dealt with the past… 2011 2012 2014 2017 2018 Provisions on Yme and Start internal investigation Settlement Dutch Resolution Signed Brazilian Deep Panuke platforms and rights issue Prosecutor’s office US DoJ Leniency Agreement Legacy costs approaching SBM Market Cap SBM Offshore Relative Share Price
Slide 14: …now perfectly positioned for the future
…now perfectly positioned for the future 2019 2020 2021 2022 2023 Promising outlook thanks to company positioning US$ 16.1 US$ 0 billion backlog corporate debt Industry leading Game changing Regained all Strong cash flows Robust balance experience program markets access for dividend & growth sheet ©
Slide 15: Fast4Ward™ Philosophy
Fast4Ward™ Philosophy TM Fast4Ward™ is based on five key principles Our ambition is to transform the 1. Client first business by reducing cycle time to 2. Standardization energy delivery, de-risking 3. Flawless execution projects, and improving quality & 4. Integrated supply chain 5. Enabling digita
Slide 16: The Answer: Reducing cycle time
The Answer TM Fast4Ward™ Better Performance, Delivered Faster Reducing cycle De-risking Enabling lower time projects break-evens Up to 12 months faster; Standardized hull and Lower Capex and Opex Up to $1 bn NPV gain topsides Less engineering hours Integrated supply chain Greater safety and reliabil
Slide 17: Time is Money
Time is Money 50% Time to First Oil Scenarios1 Fast4WardTM accelerates first 1 yr gain 40% oil up to 12 months On time delivery Oil Company IRR 30% 1 yr delay 2 yr delay 20% 3 yr delay Up to US$1 billion gain 10% 0% 30 40 50 60 70 80 90 100 110 120 US$/bbl Every 1 year acceleration improves break-ev
Slide 18: De-risking Delivery
De-risking Delivery Delivery is challenging FPSO projects Fast4WardTM: lower risk and FPSO delivery delay (months) higher return 1.7 TM 1.5 Standardization and supply Deepwater chain integration 1.3 Profitability 1.1 0.9 0.7 Oil production sources 0.5 Experience matters 0.5 0.7 0.9 1.1 1.3 1.5 1.7 1
Slide 19: Perfectly Positioned
Why SBM Offshore, and why now..? +25% Global energy demand growth by 2040 50% of Deepwater projects more competitive than Shale Perfectly Positioned © SBM Offshore 2018. All rights reserved. www.sbmoffshore.com 19

SBM Offshore — Barclays CEO Energy-Power Conference 2018 on 6ix

Sbm Offshore Nv — Barclays CEO Energy-Power Conference 2018

Slide 1: SBM Offshore – Barclays CEO Energy-Power Conference

Slide 2: Disclaimer

Slide 3: Setting the scene

Slide 4: Perfectly Positioned

Slide 5: Leading Global FPSO Contractor

Slide 6: Long term macro trends

Slide 7: Long Term Macro Trends

Slide 8: Oil Remains Primary Source

Slide 9: Supply Gap

Slide 10: Deepwater is Competitive

Slide 11: Overall FPSO Market

Slide 12: Why SBM Offshore?

Slide 13: Dealt with the past…

Slide 14: …now perfectly positioned for the future

Slide 15: Fast4Ward™ Philosophy

Slide 16: The Answer: Reducing cycle time

Slide 17: Time is Money

Slide 18: De-risking Delivery

Slide 19: Perfectly Positioned

Slide 20: Q&A