DE RAJ GROUP AG Corporate Presentation 1 1
Disclaimer – “Forward - Looking Statements” The statements made in this presentation may contain forward-looking statements. Words such as "should", "would", "could", "may", "believe", "anticipate", "expect", "intend", "foresee", "planned", "estimate", "outlook" and other similar expressions are used to identify forward-looking statements. These forward-looking statements involve significant uncertainties, risks and assumptions that could cause actual results to differ, be it from historical results or current / future projections, including but not withstanding the following known material factors: • Risks relating to the review of our accounts for foreign currency effects and any resulting financial restatements, pro forma corrections, filing delays, regulatory non-compliance or litigation • Risks of additional information arising during our review of accounting for foreign currency effects, causing us to make additional changes or find other material weaknesses • Competitive factors in the industry • Risks relating to our information technology infrastructure and IP • Risks relating to business operations • Risks related to third parties which we are engaged in contracts with • The ability to hire key staff members • Risks relating to legislation or government regulations that directly affect the business • Risks associated with being a public entity • Risks relating to social, economic or political conditions, either worldwide or local • Risks of currency fluctuations and foreign exchange controls • Risks of integration • Risks relating to tax, and any other risk factors as mentioned in our prospectus Please do not place undue reliance upon any of these forward-looking statements, which speak only as of the date of this presentation. We undertake no obligation to update or revise our forward-looking statements post publication of this presentation on the aforementioned date, whether as a result of future events, new information or otherwise, except as required by law. 2 2
CONTENTS 1. Company Overview 2. Strategic Direction 3. Products & Solutions 4. Secured Contracts 5. Company Assets 3 3
Company Overview 4 4
Introduction • De Raj Group AG’s, subsidiaries Hummingbird and Gryphon began operations with offshore marginal “Powering economic growth fields in 2011, and have had contracts with multiple clients in Malaysia and Indonesia, including PT History with a clear conscience Pertamina Hulu Energy, who is still a client today. • Gaea Power GmbH was founded in 2015, when to create enduring prosperity De Raj Group began operations in the power for everyone” industry, also establishing a presence in Germany. • Active: 8 CHP’s with combined capacity of 3 MW were sold in July 2018 and replaced with 18MW CHP units which will become Net worth – Operational Listing operational in the first quarter 2019; EUR 125 million Presence MOPU “BOSS 1” Assets • Reserve: 5 offshore rigs, power generation assets Tangible Asset and processing equipment Vienna listed 8 th Base – Malaysia February 2018 EUR 129 million • Intangible: Worldwide patents for offshore rig technology Trading in Intangible Asset Frankfurt & Base – Indonesia XETRA as of EUR 20 million March 2018 • We value innovative, visionary perspectives with regards to the complex challenges our clients face Investigation of • Term Debt – EUR We strive for smart simplicity in everything we do IPO in Frankfurt Germany 24 million - planned first Values because we operate in highly complex changing Quarter 2019 environments • We value people with the drive and passion to make a positive impact on our business and our clients 5 5
Company Listing De Raj Group AG has been listed and traded successfully on the EU-regulated market of the Vienna Stock Exchange since 8 th February 2018. The De Raj Group is also listed and traded at the Open Market in Frankfurt / Main and at XETRA of Deutsche Börse AG since 23 rd March 2018 De Raj Group has plans to investigate an IPO in Frankfurt during the First Quarter of 2019. 6 6
Strategic Direction 7 7
Strategic Direction Leasing Leasing Power Now Oil & Gas Generation Equipment Equipment Independent & Planned Energy Distributed Power Producer FPU / FPSO / Diesel / Gas FLNG CHP Projects (11MW Diesel & 7MW Gas) MOPUs 500 MW Development of O&G Fields IPP Flare Gas Recovery 8 8
Oil & Gas Business Model Build / Convert, Own, Operate & Lease Offshore Production Facilities CONVERTED JACK-UPS MOPU’S, ACCOMODATION Real Estate & Facilities for EOR (ERF) GREENFIELDS (detachable Drilling Rig/ Drilling TO platforms) with Early BROWNFIELDS Production (DREPS) + WHP) FLOATERS FPSO, FPU, FLNG & FSO’s Integrated Hydrocarbon Production Services Provider 9 9
Technological Edge – Value Creation In 2009, Tech Valued at USD 200 million Approval in Principle 7 November 2008 Revised on December 2, 2008 Conventional Remote Field Development Mobile Offshore Production & Storage Unit Drilling Rig MOPU FSO WHP PATENTED PATENTED Detachable Platform Flow Assured Systems & Technologies (FAST™) NOVEL Drilling with EPS 10 10
Technological Edge With MOPSU savings in Conventional Remote Field Development excess of USD 100Million Removeably attached WHS and MOPU – saving USD 35 Million 11 11
Technological Edge Wellhead Deck is Removeably Attached to the Hull and / or Deck Frame 12 12
Strategic Focus Flexible approach for delivering specific solutions to client’s requirements Challenges Characteristics & Requirements Our Solution • Challenged Economics • Accelerate Production Marginal Fields • Small Size • Reduce Upfront CAPEX • Lean Operators • Reduce Operating Cost • Early Revenue Generation • Fully Integrated Facilities Early Production • SIMOPS (drilling + production) • Ready to Promptly Deploy • Info gathering for facilities design • Right-Size Perm. Facilities • Lack of Infrastructure • Integrated Approaches Stranded Fields • Remote Location • Self-Installing Facilities • Less known data on wells/reservoir • Extended Well Test Facilities • Costly • Add deck space via MdWHP EOR/IOR Activities • Technically Challenging • Real Estate • Space, e.g. Deck Area, Restrictions • Flow-Solutions • Oversized, Redundant Facilities • Reduce Abandonment Cost End of Life Fields • High Operating Costs • Reduce Operating Costs • Declining Production • Extend Reservoir lives by EOR & USR Drilling Early Monetisation of Stranded Assets 13 13
Natural Gas 2018 BP Energy Outlook Natural Gas Grows Strongly with Broad Based Demand Gas outpacing other fossils LNG trade doubling by 2040 Consumption Production Trade Bcf/d Bcf/d 700 700 N America Europe Pipeline* China India & Other Asia LNG 600 600 Middle East CIS Consumed regionally Africa Other 500 500 400 400 300 300 200 200 100 100 0 0 2016 2040 2016 2040 2016 2040 *Pipeline gas refers to inter-regional pipeline trade 14 14
Products & Solutions 15 15
Products & Solutions Significant cost savings and accelerated revenues by delivering innovative and integrated solutions EPS Accommodation MOPU MOPU + Detachable Well jack-Up Head Platform (WHP) • • • Relocatable MOPU and patented • Early Production System Mobile Offshore MdWHP ™ as early production accommodation platform utilising an EWT module Production Unit: with helideck and cranes to facilities to produce during Relocatable and perform platform hook-up reusable platform prolonged well test • and commissioning or The integrated solution allows converted from programmes refurbishment work field development in stages jack-up rigs, with oil & allowing the WHP to be gas production and • Provide stable platform to detached only when necessary export facilities increase productivity during based on production levels harsh weather conditions, with advantages over accommodation barges 16 16
Products & Solutions FLNG – Planned 2020/2021 – – FPU Being Built To be Commissioned in 2019 Floating LNG liquefaction vessel Floating Production Unit FLNG has every potential to be a game changer for the liquefaction industry from A FPU installation is a floating facility. It is both technical and commercial stand equipped with hydrocarbon processing points in the same way as FPSOs have equipment for separation and treatment enabled the economic development of of crude oil, water and gases, arriving on remote offshore oil fields. board via flexible pipelines 17 17
Secured Contracts 18 18
BOSS 1 Revenue Start Date: Ongoing • Nature of contract: Lease of asset • Annual Topline: USD 18.98 million • Annual EBITDA: USD 16.5 million • Asset value: USD 70 million • Contract period: 2 years 19 19
Temporary Production Facility / FPU Revenue Start Date: July 2019 • Nature of contract: Build Own Operate • Annual Topline: USD 38 million • Annual EBITDA: USD 28 million • Asset value: USD 100/180 million • Contract period: 10 years Malaikat - To be converted to a Temporary Production Facility FPU - For illustration purposes only 20 20
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