Miclyn Express Offshore Delivering Operational Excellence

www.meogroup.com

1www.meogroup.com

Business Overview

MEO is a reputed and reliable provider of support vessels and project transportation solutions to the offshore oil and gas industry

• Headquartered in Singapore, MEO has been providing fit-for-purpose assets and consistently reliable services since the 1970s

• Operations in SEA, Middle East and Australia, expanding into Latin America, Africa and India

• Blue Chip customer base; trusted by the world’s biggest oil companies

• Demonstrated track record of operational and safety excellence

• Dependable, cost-effective operator of complex and specialised vessels

• Diverse fleet of young and versatile vessels operating across all phases of the offshore oil and gas cycle

• Employer of choice; dedication to retaining and developing the best talent in the industry (over 1,500 employees, offshore and onshore)

• Strong balance sheet and cash generation supported by robust contract backlog; proven ability to weather cyclical downturns

Core Segments

Specialised OSVs Highly specialised vessels performing complex services

Applications / User Industries

General Purpose OSVs

Crewboats

Barges

Near ShoreVessels

Wide ranging applications across the entire upstream offshore oil and gas cycle

Transportation of personnel and critical supplies, supporting offshore production

Carrying material for offshore development and civil construction projects

Multifunctional vessels involved in near shore marine activity eg. dredging and port development

Projects(Express OffshoreSolutions)

Project orientated business unit, working with EPCs. Manager of barge and AHT fleet.

2www.meogroup.com

Global Fleet Supported by Local Infrastructure

Superior services have cemented long-standing relationships with numerous oil companies and service providers Relationships enhanced through investment in support infrastructure which helps to minimize downtime and enhance fleet reliability

Indonesia

Thailand

Saudi Arabia

United ArabEmirates

Australia

Middle East30% of Total Fleet

South East Asia60% of Total Fleet

Australia10% of Total Fleet

Singapore

Qatar

No. of Vessels (as of April 2015)

SEA ME AUS Under

construction Total

Special Vessels 10 1 2 - 13

General Purpose Vessels 23 5 1 - 29

Crewboats 50 23 0 6 79

Barges 18 9 0 - 27

Near Shore Vessels - - 8 - 8

Total 101 38 11 6 156

Malaysia

Support centers Regional Offices Training CentersVessels Operating

Brunei

3www.meogroup.com

MISSIONMEO’s mission is to deliver safe, fit-for-purpose, cost effective service solutions to our customers, provide predictable and attractive returns to

our shareholders, ensure a safe, engaging and fulfilling workplace for our employees, and benefit, economically, socially andenvironmentally, the communities we are working with and in.

VISION

Preferred provider of significant value to our customers, shareholders,employees and the communities thatwe work with and in

Operations inSEA, ME, Australia, Africa, Latin AmericaOperational and Service Excellence in four verticals :Crewboats, General Purpose OSVs, Specialised OSVs & Projects

By 2020, MEO will be one of the top 7 offshore vessel service companies in the world, by fleet size, revenue, profit and reach. This means :

Zero LTI , TRIR < 0.2Exemplary HSQESafety Record

CORE VALUES

we will not, by actionor inaction, allow

anyone or anything to come to harm

Safety

we will never engage inany action that will not

stand the test ofscrutiny and time

Integrity Diversity Excellence Passion

we will not discriminate; every employee /

contractor will be judged only on merit and

performance

we will always striveto do the best we can;

and then do evenbetter the next time

around

we will engage withand commit to what wedo, seeing the serviceswe provide as a calling

and not a burden

Mission, Vision and Core Values

4www.meogroup.com

MONITORING

WHAT?Safety Efficiency Reliability

HOW?Expectations Accountability Leadership Systems & Processes

Internal Compliance Assurance (FOTC)Audits and Scorecard System

WHERE?

Crewing Technical Supply ChainManagement

HSQEOps OnBoardSound shipboardmanagementand procedurescompliance

Sound recruitment,Training andRetention

Sound PlannedMaintenance System,Docking Programsand Inspections

Sound Procurement,Critical sparesmaintenances andInventory Control

Sound BBS,Hazob, PTW,JSA and SWAsystem

OPERATIONAL EXCELLENCE EXPLAINED

Our Vision is realised through Operational Excellence

5www.meogroup.com

Very robust systems embedded in MEO’s culture:

Top core value- Safety is a KPI for every employee

Dedicated HSQE team, stationed locally within each of its operating regions

Senior Management actively engages with crews and contractors on a regular basis

Stop Work card system empowers all employees to stop work that they deem to be unsafe

Dedicated training centers and personnel that provide crew and staff with critical skills to enhance their safety and operational performance

Constantly shaping new and innovative campaigns to improve and deliver sustainable safe operations

0.0

0.2

0.4

0.6

0.8

1.0 201120122013

TRIFR - MEO vs Industry Averages (200,000 Man Hrs)

Safety - Our Highest Priority

MEO has an industry leading Health and Safety track record, consistently outperforming the industry LTIR and TRIFR benchmarks

6www.meogroup.com

Our young fleet is well utilised, reliable and ready to meet the needs of our customers

3.3

7.0

8.2

6.7

0123456789

Specialised OSVs

General Purpose OSVs

Crew Boats Barges

Young and Versatile Fleet

Overall average age of the fleet is 7.6 years, well below industry averages

7www.meogroup.com

All crew attend a minimum of 3 days of training per year, with strict passing criteria

3 training centres located in Thailand, Indonesia and UAE

Equipped with back deck areas, housing, cranes, swing rope simulators for practical exercises as well as offshore bridge simulators for ship handling and passage planning training

Curriculum comprises of combination of:• Classroom instruction• Backdeck and practical training

Key Modules

• Key onboard operations• Anchor Handling & Towing familiarisation• Job Risk Assessment • Notable incidents review• Stop Work Authority• Poseidon Planned Maintenance • Incident reporting and investigation procedure• Ship stability, Fire Fighting Equipment and Life

Saving Appliances use and maintenance

• Swing rope Simulation• Back deck operations• Cargo and Crane Operations• Shiphandling using Offshore Bridge Stimulator• Life raft instructions• Cargo lashing• Ship Stability• Navigation techniques and Passage planning• Emergency Escape Training.

MEO’s training centres provide our crew with critical training to enhance their safety and operational performance

Trained and Motivated Crew

8www.meogroup.com

Our diverse fleet of OSVs includes:

Specialised OSVs

DP2 Subsea Support Vessels DP2 AHTS DP2 PSV DP2 Diving Support Vessels

General Purpose OSVs

AHTS / AHT PSV Accommodation Work Barges & Workboats Seismic Support Vessels Multi Purpose Offshore Terminal Tugs MPSV Utility Vessels

Our Fleet - Offshore Support Vessels

9www.meogroup.com

Our Fleet - Crew / Utility Boats

Largest and most reputed crewboat operator in South East Asia and Middle East

Fleet utilised in passenger and cargo transfers, seismic operations and security operations

Operational bases carrying elaborate spare parts to support maintenance intensive fleet

79* vessels with seating capacity up to 120 seats and speeds up to 28 knots

Innovative designs

* As of April 2015

10www.meogroup.com

Diverse range of equipment to support your offshore / near-shore construction projects and transportation needs

Strong project management team to provide logistics solutions for our clients

Our Fleet - Barges and Near Shore Vessels

11www.meogroup.com

Express Offshore Solutions

Main point of contact for all EPC requirements

Manager of MEO Barge and AHT fleet

Lumpsum Project Cargo Transportation

Multi Vessel Project Support

World wide coverage

Project logistic and marine equipment consultancy

Projects - Express Offshore Solutions

12www.meogroup.com

Our Blue Chip Clientele

13www.meogroup.com

Our Accreditations and Affiliations Recognition from our Customers

Multiple Chevron Awards for Operational Excellence

Multiple awards for incident and

injury free operations

Multiple awards for outstanding

Stop Work Authority

Multiple awards for Best

Behavior Based Safety (BBS)

Multiple awards for Best Hazard

Observation (HAZOBS)

SEACAREAwards

Half- MillionMan-hours Zero LTI

SSHE Role Model

Marine Vessel

Commendation Valour Award

CUEL Boardof Directors’ HES Award

1 MillionMan-hours Zero LTI

Our Accreditations and Awards

Workplace Health and Safety Management

System Winner

UNIEXPRESS 19 PTTEP Thailand

2014

Q4 Best Performing

VesselMV Cermat

Brunei Shell Petroleum

2014 2014

Best Performance

Vessel Express 3Express 2

2012- 20132012

6 Million Man-hours for Offshore Operations

Without Work Incident

For Captain & CrewFugro Solstice

20092010- 2011 2009- 2011

Recognition of MV FugroSolstice

Miclyn Constructor 1Magellan 1

14www.meogroup.com

Young and versatile fleet

World class safety statistics

Diversified product offering

Dedicated management team

Proven Operational Excellence

Infrastructure to support fleet operations

Strong execution capability

Summary