SBM Brasil, 2015 - conselhos.org.brconselhos.org.br/Arquivos/Download/Upload/167.pdf · © SBM Offshore 2015. All rights reserved. SBM Brasil, 2015

© SBM Offshore 2015. All rights reserved. www.sbmoffshore.com

SBM Brasil, 2015


SBM Brasil Presentation

2015

© SBM Offshore 2015. All rights reserved. www.sbmoffshore.com 3 11/16/2015

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 results,

performance, or events to differ

materially from those in such

statements. Such forward-looking

statements are subject to various

risks and uncertainties, which may

cause actual results and

performance of the Company’s

business to differ materially and

adversely from the forward-looking

statements.

Should one or more of these risks or

uncertainties materialize, or should

underlying assumptions prove

incorrect, actual results may vary

materially from those described in

this presentation as anticipated,

believed, or expected. SBM

Offshore NV does not intend, and

does not assume any obligation, to

update any industry information or

forward-looking statements set forth

in this presentation to reflect

subsequent events or

circumstances.


From: Focus on top-end segment

• FPSOs • Turret Moorings • Turnkey Sale or Lease & Operate

TECHNOLOGY OPERATIONS FINANCE & LEASE PROJECT EXECUTION

To: Leveraging core competencies

• Floating LNG (FLNG) • Semisubmersible & TLP production units • Asset optimisation • Terminals & Offshore Installation

SBM Vision To be the trusted partner of choice in the development of complete offshore floating solutions for the world’s energy companies.

Our Business


Product Life Extension Leader in FPSO relocation

World class after sales

Operations 240+ years of FPSO experience

99%+ production uptime Largest international FPSO fleet

Installation Dedicated fleet Unparalleled experience Extensive project capability

Construction Strategic partnerships Unrivalled project experience

Procurement Integrated supply chain Global efficiencies Local sourcing

Engineering 55 years of industry firsts Leading edge technology

SAFE

Delivery Along Full Product Lifecycle


SBM Lease Fleet Portfolio

CANADA End date of Lease Excluding extension options

MOPU – Deep Panuke Up to 2021

USA End date of Lease Excluding extension options

Semi-Sub –Thunder Hawk Up to 2025 FPSO – Turritela Up to 2025

BRAZIL End date of Lease Excluding extension options

FPSO – Marlim Sul (demob) Up to 2015

FPSO – Espírito Santo Up to 2024

FPSO – Capixaba Up to 2022

FPSO – Cidade de Anchieta Up to 2030

FPSO – Cidade de Paraty Up to 2033

FPSO – Cidade de Ilhabela Up to 2034 FPSO – Cidade de Maricá Up to 2035

FPSO – Cidade de Squarema Up to 2035 FPSO – Frade Turn-key

FPSO – P-57 Turn-key

FPSO – OSX-2 Turn-key

MYANMAR End date of Lease Excluding extension options

FSO – Yetagun Up to 2018

MALAYSIA End date of Lease Excluding extension options

FPSO – Kikeh Up to 2022

EQUATORIAL GUINEA End date of Lease Excluding extension options

FPSO – Aseng Up to 2026

CONGO End date of Lease Excluding extension options

LPG – Nkossa II Up to 2018

ANGOLA End date of Lease Excluding extension options

FPSO – Mondo Up to 2022

FPSO – Saxi Batuque Up to 2023

FPSO – N’Goma Up tp 2026

Under Construction Lease in Operation Turn-Key (Brazil only)

FPSO – Falcon

FPSO – Brasil

Turn-key projects (Brazil only)

14 FPSOs, 2 FSOs, 1 Semi-Sub, 1 MOPU – 248 years of operations Average remaining lease duration: 14.5 years

Laid Up


Key Player for Oil Production in Brazil

SBM-Built Units Currently Producing Oil in Brazil:

• Cidade de Anchieta

• FPSO Frade

• FPSO Capixaba

• Espirito Santo

• FPSO P-57

• Cidade de Paraty

• Cidade de IlhaBela

Total Daily Production:

Petrobras: 2MM/d

All others summed: 390k/d

SBM Units: 498k/d


8 11/16/2015

SBM and Brazil


Our Journey in Brazil….

1997

Operation

2014/15 2012/13 2016… 2010

Rio Office

P-57 project support

Engineering support

Local Content and local

vendors management

BRASA/ BSL – shipyard for

assembly and integration

Repair Works

Installation Barge / PELICANO

Employees’ numbers

increase

Local vendors

development

Brownfield projects

Executing 2 projects in

parallel

Brazilian Fleet Operation

4 Shorebases

Engineering

PMT from International to

Brazil

FPSO Frade

FPSO Espadarte

FPSO Brasil

FPSO Marlim Sul

FPSO Capixaba

FPSO Cidade de Paraty

FPSO Cidade de Ilhabela FPSO Cidade de Maricá

FPSO Cidade de Saquarema


Estaleiro BRASA

Estaleiro BRASA in July/2012

A truly Brazilian solution

23 modules assembled within the

record period of 3 years

Estaleiro BRASA - today


Pre-Salt contributes to over 30% of Brazilian Oil Production

SBM is a Key Player for Pre-Salt Production – more than 40%

FPSO Cidade de Saquarema

First Oil – 02Q2016

FPSO Cidade de Maricá

– First Oil – 01Q2016

Going onstream 01H16

FPSO Cid. Itaguaí 1 production well


The Lease & Operate Model

Source: IHS

39%

17%

15%

7%

7%

5% 3%

3% 2% 2% Petrobras

Modec

SBM

BW Offshore

Teekay Offshore

OSX

Chevron

Petroserv

Saipem

Statoil

Owner Type Number of

FPSOs

Petrobras Own 16

SBM Lease 8

MODEC Lease 7

BW Offshore Lease 3

Teekay Offshore Lease 3

OSX Lease 3

Chevron Own 1

Petroserv Lease 1

Saipem Lease 1

Statoil Own 1

TOTAL in Brazil 41

• Long Term commitment from both contracting and contractor parties

• Dayrates paid only after First Oil - Genuine interest to deliver on schedule

• Revenue linked to Performance (uptime)

• No expenses during EPC phase

• Competitive financing conditions

• Fixed Lease and O&M rates – options for open-book / reimbursable

• Highly experienced and professional Offshore Operations track-record

• Lower HSSE incident rates in the market


11/16/2015

A historic commitment

towards the Brazilian

Supply Chain


How Brazilian are We Today?

Sales, HR, Finance and other support functions

Procurement

Engineering

Product Life Extension

FPSO Operation

Construction

Rio Office/

Group

Rio Office/

Regional Centre

SBM Offshore

Operations

Installation


Local Content Evolution

P57 CdP CdI CdM/S Planned Future…

E

P

C

Total capital expenditure with brazilian Supply Chain

just for CdI / M / S: aprox. R$ 2.7bi


Social Impact of Local Execution

SBM in Brazil has hired:

4.211 employees (99% Brazilians)

Which Generates:

30.616 Indirect Jobs (within Supply Chain)

Which Generates:

13.394 Induced Jobs

TOTAL JOBS = 48.221

Value Driver Direct Impact Multiplier Total Impact

Business Activity

R$ 1,6 Billion 1,62 R$ 2,7 Billions


Total forecasted CAPEX 2015-2019

Good news: Brazil is still main market for FPSO´s

Source: EMA 2015-2019 FPS Outlook Report- Jan 2015

Brazil and Africa represent 41% of forecasted TOTAL

Capex


What we believe

International competitiveness

International competitiveness

Long term investment

Support the country to develop the industry and people

Local suppliers frame work agreements

Know-how/competitive advantage to comply with Local Content requirements

11/16/2015


Obrigado!

Documents

SBM Brasil, 2015 - conselhos.org.brconselhos.org.br/Arquivos/Download/Upload/167.pdf · © SBM Offshore 2015. All rights reserved. SBM Brasil, 2015