FACT SHEET mermaid-group.com Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. Mermaid Group accepts no liability whatsoever with respect to the use of this document or its contents.
M ERMAID G ROUP Having served the Oil & Gas industry for over 30 years, “ We operate internationally, as Mermaid boasts a proven track record of subsea excellence. one integrated group, globally With operations throughout South East Asia and the Middle aware and locally sensitive ” East, Mermaid plays a pioneering role in the global subsea markets. Mermaid has the ability provide a subsea solution, in any water depth which involve complex and challenging Mr. Prasert Bunsumpun engineering, in any region of the world for the Oil and Gas Chairman markets. 30+ years industry experience including CEO of Thailand’s National Owning and operating a fleet of subsea construction, Oil Company PTT and Chairman of intervention and survey vessels that enable us to offer PTT Exploration and Production differentiated positions with our clients, Mermaid focuses on long term relationships that enhance our service delivery and reduce overall risk. Mr. Chalermchai Mahagitsiri With a team of over 1,000 people worldwide our core Executive Vice Chairman & CEO business is in subsea engineering, IRM, project management, Proven track record of successfully managing and growing a variety of vessel chartering and operations, survey, ROV and diving businesses including coffee, steel, operations. Our Mission is to provide subsea engineering copper, shipping, media, entertainment, food and beverage, solutions to the offshore oil & gas industry that are safe, resorts and golf courses efficient and on budget, every time. 2
V ISION , M ISSION , V ALUES VISION MISSION VALUES R espect To become the leading integrated subsea To provide subsea engineering solutions service provider by delivering technically- to the offshore oil & gas industry that are E nhancing Value unique solutions and creating high value safe, efficient and on budget, every time. for our customers and shareholders. S afety Commitment & Performance P rotecting the Environment E thical Business Standards C ompliance with Policies & Procedures T echnically Leading Solutions 3
M ERMAID M ILESTONES Founded by Danish Successfully raised Acquired Subtech Middle Achieved record US$45m Business turnaround from Stabilized the mariners as Mermaid S$246m from its IPO on East to expand subsea net profit successful cost saving company for the Marine Services Ltd. to the Singapore Stock services in Middle East projects future growth provide offshore marine Exchange (SGX) and Arabian Gulf Low gearing of c.0.1x with services such as life raft and Acquired 33.76% stake in no bonds and no capex firefighting maintenance Asia Offshore Drilling to outstanding services expand into jack-up drilling rig business 1983 2005 2007 2008 2010 2012 2014 2015 2016 2017 2018 PM Group Acquires Thoresen: • Provided leadership stability Expanded business to new New cable-laying business Acquired Seascape • Implemented new strategic geographical areas: in Middle East Expanded into tender Surveys for access to Malaysia; Singapore; and direction drilling rig business by hydrographic and Impairment loss to reflect countries in the Middle • Strengthened the core, and acquiring two tender rigs positioning services asset market value East drove profit turnaround 4
G LOBAL S ERVICE S PECIALIST “Predominantly focused on the production phase of the offshore oil and gas value chain. ” 1 - 2 years 3 - 5 years 15+ years 1 year Initial Exploration Field Development Production Abandonment Field Most Priority Appraisal Development Maintenance Seismic Commissioning Cable Laying Decommission Least Priority Drilling Drilling & Inspection & Installation ◔ ◔ ◐ ◐ ◐ NOC / Independents ● ● Spending Priority SUBSEA DRILLING Field Development - Subsea support vessels assist in, among other things, survey and preparations of the seabed, installation of modules, umbilical cables and risers, as well as provision of Remotely Operated Vehicles (ROVs) or divers for tie-in and testing. Production - Once installed, the equipment is surveyed and maintained, together with both larger repair and development campaigns. Jack-up Rig is a mobile self-elevating drilling platform equipped with legs that can be lowered down to the ocean Abandonment - To cease efforts to find or produce from a well or field, and to plug well and floor. Once a foundation is established, the drilling salvage material and equipment - subsea vessels are utilized. platform is elevated to a level above the highest expected wave height. When the rig is relocated, the platform is Subsea engineering services also include Underwater Cable Laying Services for lowered to sea level and towed by a supply vessel to its telecommunications, electric power transmissions, or other purposes. next location. 5
M ERMAID G LOBAL F OOTPRINT Saudi Arabia UAE Thailand Qatar Malaysia Singapore Indonesia 6
F LEET & A SSETS Our Subsea Fleet and Asset specialize in IRM, survey and construction installation support, subsea decommissioning, subsea Endurer Asiana vessels and specialized work ROV Commander Sapphire Owned Vessels Built 2010 Built 2010 services. Built 1987 Built 2009 DSV DSV DSV RSV Middle East Middle East Thailand Middle East Complex IRM operations are made efficient through Mermaids ongoing innovation and dedicated people. Subsea Services: Challenger Siam Barakuda • Cable & SURF Installation Built 2008 Built 1991 Built 1982 MV DCSB SS • Full compliment of Subsea Thailand Middle East Indonesia Engineering • Inspection, Repair & Maintenance Drilling Services Assets & Equipment (IRM) • Subsea Infrastructure Installation 6+17 Support 15 AOD SATURATION • Remotely Operated Vehicle (ROV) AND I, II, III ROVs Support AIR DIVING SYSTEMS • Survey and Positioning Services 7
O UR C LIENTS National Oil & Gas Companies International Oil & Gas Companies Major EPCIC Contractors 8
A Company Moving Forward ir@mermaid-group.com mermaid-group.com
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