Company Overview and Client Presentationquestfwe.com/wp-content/uploads/2020/01/Q...Q Vision - Robust Suite of Data Analytics and Market Analysis Project Data - the Offshore Turbine

Cl ient Presentat ion | Q1 2020

© 2020 Quest Floating Wind Energy, LLC

Company Overview

and Client Presentation

© 2020 Quest Floating Wind Energy, LLCQ 1 2 0 2 0

Our Industry Is Evolv ing to Encompass Susta inable Energy

Quest’s DNA

Ques t Of fsho re ’ s Evo lu t i on – Decades o f Empower ing Our C l i en t s w i th

Cla r i t y, I ns i gh t and V i s i on .

Energy

Oil & Gas Renewables

Deepwater Data

Finance

Quest Offshore

BuySide

SellSide

Twenty-years of expertise in predictive analytics, technical market analysis and the

development of offshore floating projects provides us with the means and the network

to offer critical insight on the Offshore Wind industry going forward.

2

Sold Quest’s Data Division to

*

*

Offshore Wind

Project Benchmarking

CapEx and LCoEModeling

Data Analytics

Expert Technical

Competence

Rigorous Qualitative & Quantitative

Research

Thought Leadership

M&A Advisory and Market Evaluation

Primary Research


Who We Are

About Us

Expert knowledge of the entire Energy Value Chain. Quest has

decades of experience empowering our clients with Clarity,

Insight and Vision.

Mission

We actively develop strategic relationships with management

teams of prospective clients initiating with major power

developers and leading designers to tier-one and tier-two global

supply chain companies and across the financial sector.

Market Focus

Quest provides strategic advisory and consulting to end-clients

within the Energy and Financial sectors.

Quest serves the entire global supply chain for offshore wind

and possesses expert knowledge across multiple focused

technical areas.

Products and Subscription Services

Quest Offshore Wind Turbine Index - QOWTI analyzes key

economics indicators and provides an overview of supply chain

opportunities by segment plus benchmarking of key metrics

and CapEx trends

Q Vision - Robust Suite of Data Analytics and Market Analysis

Project Data - the Offshore Turbine Locator details sales opportunities, timelines and key project specifics in Excel

Consulting - Supporting clients with strategic data-driven decisions. Primary research, project benchmarking, CapEx & LCoE modeling and supply chain analysis


About Q Vis ion

What We Do

Q FWE’s predictive analytics enable our

customer’s ability to drive strategic, data

driven decisions.

Q FWE’s service offering includes Q

Vision, Q FWEconomics Calculator, Q FWE

Consulting and Q FWE’s Data

Subscriptions Service.

Q FWE’s market expertise and strategic

insight provides clarity for client’s critical

decision points.

Q FWE’s proprietary ‘Deep Data’ and

dynamic client user-interface Q Vision are

powerful tools to analyze future market

conditions and actively monitor the global

supply chain for Floating wind energy.

Q Vision provides instant access to real-time data for the world’s Fixed and Floating wind energy projects. Driven from

Q FWE’s proprietary database, these Microsoft Power BI tools allow for dynamic analysis of relationships across

Markets and Technologies, and an enhanced understanding of project Economics. Q FWE’s Predictive Analytics and

Market Expertise enable clients to see the consequence of change led from this rapidly accelerating market. Q FWE’s

Subscription Products provide timely and actionable strategic market information.


Of fsho re W ind

Deve lopers /Owners

S a m p l i n g o f A c t i v e P l a y e r s

Ent rance o f Lead ing P laye rs

f rom O i l & Gas Sec to r

Tri-Floater

HexafloatPPI

WindFloat

Gen 2

GVA

10MW -

Floating

Wind

SemiSBM WindFloater

TetraSparDamping Pool

Hexicon

Gen 2

Key Supp ly

Cha in Par t i c ipan ts

Sea Reed


Quest Of fshore Wind Turbine Index - January 2020

Source: Q FWE (QOWTI)

QOWTI spots important Leading Indicators

such as average rotor diameter, average

distance to shore, average MW per unit, and

benchmarking of key metrics.

Quest Offshore Wind Turbine Index

(QOWTI) analyzes key Economic Indicators

and provides an overview of Supply Chain

opportunities by segment.

What are my supply chain opportunities?

CapExTotal No.

Projects

Total No.

TurbinesTotal MW

Offshore Wind

Turbine IndexJanuary 2020 p

rojects

this m

onth

last m

onth

chan

ge

this m

onth

last m

onth

chan

ge

this m

onth

last m

onth

chan

ge

GLOBALtotal total total total total MW total MW total MW total $mil total $mil total $mil

Global Total 250 14,635 12,424 2,211 128,941 110,384 18,556 $406,217 $342,029 $64,189

Global Fixed 188 11,994 10,289 1,705 105,853 92,367 13,486 $325,549 $276,798 $48,751

Global Floating 62 2,641 2,135 506 23,088 18,018 5,070 $80,669 $65,231 $15,438

Supply Chain IndicatorsEconomic Indicators Leading Industry

Indicators

CapEx/

unit

CapEx/

MW

subs

tructure

Cap

Ex

turb

ine C

apEx

moor

ing Cap

Ex

inst

allat

ion Cap

Ex

cabling C

apEx

othe

r Cap

Ex

roto

r diam

eter

MW

/uni

t

distanc

e to

shor

e

water

dep

th

pro

ject size

(units

)

moo

ring lin

e len

gth

anc

hors

arra

y km

exp

ort k

m

avg $mil avg $mil total $mil total $mil total $mil total $mil total $mil total $mil avg m avg avg km avg m avg total m total total km total km

$27.8 $3.3 $93,522 $175,635 $10,507 $31,106 $56,510 $38,936 172.4 8.7 37.7 102.7 57.6 6,620,140 8,081 19,548 6,328

$27.1 $3.3 $76,255 $142,556 - $28,919 $46,389 $31,430 176.2 8.9 37.1 30.1 65.7 - - 15,180 4,832

$30.5 $3.7 $17,267 $33,079 $10,507 $2,187 $10,121 $7,507 157.5 8.1 40.4 458.8 35.9 6,620,140 8,081 4,369 1,497


QOWTI – Ident i f ies Supp ly Cha in Oppor tun i t ies by Segment

Source: Q FWE (QOWTI)


Fixed Of fshore Wind Act iv i ty by Project in CapEx

Source: Q Vision

Nor th Eu rope by P ro jec t S i ze

Dogger Bank

All 3 Phases

Renewables UK Limited


Offshore Wind Project CapEx - Out look to 2033

F i xed and F loa t i ng by Segmen t

Source: Q FWE Power BI


Offshore Wind Project CapEx - Out look to 2033


F i xed F loa t i ng

0

1,000

2,000

3,000

4,000

5,000

6,000

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

No

. U

nits

Cap

Ex

(M

illio

n U

SD

)

Fixed Units

0

200

400

600

800

1,000

1,200

1,400

1,600

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

No

. U

nits

Cap

Ex

(M

illio

n U

SD

)

Floating Units


Cumulat ive F loat ing Of fshore Wind

Data Source: Q VIsion

34%

47%

19%

Floating No. Projects - 62

Asia/Pacific

Europe

Americas

52%

24%

24%

Floating No. Units - 2,641

Asia/Pacific

Europe

Americas

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

0

5,000

10,000

15,000

20,000

25,000

2018 2021 2024 2027 2030 2033

Cu

mu

lativ

e C

ap

Ex

(M

illio

n U

SD

)

Cu

mu

lativ

e M

W

Online Year

Cumulative Floating Offshore Wind

Europe Asia/Pacific Americas Total CapEx


F loa t ing W ind To ta l Addressab le Marke t i n CapExS u p p l y

C h a i n

Forecas t 2020 - 2 0 3 3


High l igh ts o f Key F loa t ing P ro jec t Oppor tun i t i esS u p p l y

C h a i n

By Reg ion 2020 -2 0 3 3


- Robust Analyt ics and Market Analys is

Q Vision is our proprietary Business Analytics’ tool delivering real-time data and analysis giving you a competitive advantage to win Fixed and

Floating Offshore Wind Energy projects. This Microsoft Power BI tool allows for dynamic analysis of relationships across markets and

technologies; robust benchmarking as well as an enhanced understanding of project economics including LCoE. Our Subscription Products

provide timely and actionable, strategic market information. The Q Vision database subscription includes an Excel data download containing

over 120 attributes.

Please call

+1 (832) 862-

3390 for

subscription

licensing

options

An example of Quest’s LCoE

Modeling capabilities are

illustrated in this scatter plot

chart for 160 Fixed and 43

Floating Wind Projects.

This Power BI scatter plot

chart and regression analysis

demonstrate modeled LCoE

values allowing comparisons

between projects already built

and those planned in the

future.

Also shown are the relationships between select pre-commercial and

commercial projects.


The report highlights Fixed and Floating offshore

wind projects by total MW bubble size on a world

map, cumulative total MW to 2030 and beyond,

and cumulative Total MW by country, with the

backing data on page 4. Each page has filters for

Status, Region and Development Type.

A roundup of the known universe of Under Development, Planned and

Possible Fixed and Floating wind projects, totaling the number of Turbine units

in each project. Very handy for getting a quick overview of the potential future

market for turbines, floaters, cables, installation and O&M activities. Includes

backing data in MS Excel. Includes backing data in MS Excel.

- Robust Analyt ics and Market Analys is


Q FWE Consul t ing Advisory

Suppor t i ng C l i en t s w i th S t r a teg i c Da ta -D r i ven Dec i s i ons

S u p p l y C h a i n A n a l y s i s

P r i m a r y R e s e a r c h

M & A A d v i s o r y

C l i e n t D i r e c t e d I n q u i r i e s

➢ Project benchmarking, CapEx & LCoE modeling

➢ Expert and technical market analysis utilizing a

bottoms-up / top-down approach

➢ Rigorous quantitative and qualitative research

➢ M&A advisory and market evaluation

➢ Actively develop and assist clients in sourcing niche

financing alternatives

➢ Market reviews, sizing and demand modeling

➢ First source referencing (Market/Client/Customer)

Q FWE delivers highly focused market intelligence

tools, products and services to the entirety of the

Renewables Supply Chain related to Offshore

(Fixed and Floating) wind.

Benchmarking study and

market review on the

adaption rate of new

subsea technology

applications amongst their

peers.

Super MajorIndependent

Oil & Gas Operator

Supported

in a Benchmarking and

Costing exercise in their

phased funding of Beacon

Offshore Energy

M&A Advisory and Due

Diligence Support to

during their Exclusive

Rights period

Investment Bank


Diligence Support on the

Acquisition by

Investment Bank


Diligence Support on the

Acquisition by

Investment Bank

International Oilfield

Services Company

Due diligence to support

Refinancing for the

Acquisition of DSV’s from

Technip

M&A Advisory Target

identification and scoping

study of specialty Brazilian

machine shops in support of

their steel tubulars business.

Composites Study -

Technology Applications

Strategy

Industrial Conglomerate

Business Advisory for

Procurement Strategy

Benchmarking Analysis

across SURF and

Development of Marine

Construction Costing

Model

Super Majors

Representative Projects



Q Vis ion Methodology - Bottom Up Approach

Our P rop r i e ta r y CapEx /LCoE Mode l Bu i ld i ng B locks

High-Level Project Details

Supply Chain Segment Analysis




Our P rop r i e ta r y CapEx /LCoE Mode l Bu i ld i ng B locks ( C o n t i n u e d )

Cost Model Metrics and Key Inputs




Our P rop r i e ta r y CapEx /LCoE Mode l Bu i ld i ng B locks ( C o n t i n u e d )

Supply Chain Segmentation

Contact Us

Quest Float ing Wind Energy

a Quest Offshore esources company

Quest F loa t ing W ind Energy, LLC

H o u s t o n | A m s t e r d a m | R i o d e J a n e i r o | N e w Yo r k

7 7 S u g a r C r e e k C e n t e r B l v d . | S u i t e 3 1 0 | S u g a r L a n d | Te x a s | 7 7 4 7 8 | U . S . A .

c o r p @ Q u e s t F W E . c o m

Paul Hillegeist, President and Director

[email protected]

+1 832 862 3390

Erik Rijkers, Director - Market Development & Strategy

[email protected]

+31 6 53350555

Documents

Company Overview and Client Presentationquestfwe.com/wp-content/uploads/2020/01/Q...Q Vision - Robust Suite of Data Analytics and Market Analysis Project Data - the Offshore Turbine