Investor & Media Presentation SBI Offshore Ltd Singapore | 27 - - PowerPoint PPT Presentation

Investor & Media Presentation

SBI Offshore Ltd

Singapore | 27 Aug 2014

! " # $ # # $ $

Disclaimer

• !

" # $ %& %#'!#'

Presentation Flow

• Updates Summary

()! %&'(& &*# + #, -.&)&!*+,&&)-" )! !/0,/&.&& &/)01+. (# )&##+0###& /)023.&&.&4$ & 1# &&&&& !"/23!!##&& &&&&&&&&&&& 5&&& 4&&&&&.4& &&&6&7)/

• Part 1– About SBI

450

7&&66 &&&6&&& &&6&&5 %&&&6&&5& &&--&8(&& & 9 6&9 . )&&7$!!&5&&& &!&&&" :&&);<& &&&&6 &&=8&&&&& & &&84.

• Background : Pre-IPO

• && $ 5&8)9&=% &&&

$ 5&1>,&&&!38:,9&=% $ 4&?++,&## 89&/) & $ 4&;&)&&>+,&'(&&;0#&/@ & $ )&0,&A4)&&@9:&. $ &:&&4&

• 5#

< <!8,9 #+0## 89 ='- # 52#+

• =+50>
• ,3,=

,3,=

Background : Post-IPO

• A&6&&'#'3

+!3 #! A&&6&&!!# >+& && &! '!!# 85=96&& '&6&

• %#',;!

+5! 5=

• #

!

• #

!!#0> + %#' , ,

Products & Services

?2'@"

• B&&&&)-

:&&' &' C2& &&) C1+& &' & 4&&&&&6&

)# ='0>-8)9

:&) D&C2+++++&2 8 D&C?+++++&2 B D&C?+++++&2 7 D&C?*++++&2 &;7 D&C1*++++&2

Fabrication Facility in China

• SBI Offshore Ltd

Singapore Marketing, Distribution & Servicing Production & Fabrication Facilities Engineering & Construction Solutions RBV Energy (S)

• !"##

$ %

Neptune Life/Saving

• $& '

#&$&( )

* *

Axon RCD Asia

• SBI O&M
• # $ &

+$%,& #$ && -$.,&$ )%%

* *

Jiangyin SBI /( Jiangyin Neptune /(

&$&& & -$.%) . & '#& $&(&

* *

Group Structure

A&&!7& 48&6&&"&$ A"B8"A659 &:&&!4& "&$ &A1B8&59 '&9&!$4& &6& 48"&$ $AB8&A59 =&&$ &(A1B81A$59 &&)& &$ (1A$(5

• .

"&0

Shareholding Structure

SBI Offshore Ltd Singapore '- )'%

Pheim Asset Mgt

,!

23>, !3>E." ?+*, !2++." ?F?, !1+2." ?+?, !?E+." 1G*, !*2F." ?++, ?G**.

• Part 2 – SBI’s Transformation

KM2 DES

9&& )-&&&&! !H 9 ! &&&H 9&& !+#C$ &6&H B&&&;&& +,H B&&&52.'!+''!D

• Challenges & Goals

)&&2+?2& &&&3#+ #&&&&5&6& & #'&&&&&&6& &&!IJ" #E!& &&&&$ &!I52J"&6&&!I52J"&& ,' &&&&&6& 5&&&&&&86;&& !I!- #J"

• Re-Positioning

4&!!C'?!K2&&&& " )&&6&&&&5!!*& )8L= &&&&&&&86.&&&& &&&&")23!!## )&&&&&A) &50>,2# & $&%

• SBI Offshore Ltd

Singapore

Marketing & Distribution

O&M Equipment Fabrication Facilities Design & Engineering Rig & Shipyard Projects Rig Design & Engineering Shipyard Operations

• Contract

Manufacturing

Transformation (since 2013)

'(&&*0#,&/) &&!K?&&&& " &&&6&&&!=&&" )&#+0###&&$&&&&&.& 4$ & &&/)023.

• ='-

#

52#+

• =+5

0> < <! #+ 0## !!#3!

• #+'

,/ ##+ 0## ' = & A !!#0> 80,9

Transformation (2014)

• Part 3 – Recent Corporate Developments

KM2 DES

'(&&&&&&& &)-&&& &6&5&&

• .&&&&6&

&M&& #!&G&

• )-&&*+,&&'(& &

*#+# , -!I% AJ" )-&&! && &6&

• Axon JV - = C

50,

• #

=,

• , 5!F

,/87&59 087"59 8"&49

&&& &)-#&& &?,&& &&A4)& &&*+,$&'(& )-#&&&& &?++,&&&A4)& &!&?++" :C5!F !# ,

,/87&59 087"59 87"59

+1 +2)

Axon JV – + 5!'#

• XON

Drilling Equipment Drilling Equipment Systems Offshore Drilling Rigs Land Drilling Rigs Drilling Related Products & Services

"% +3

Axon JV – #+/

• )&/)023.&&&&&

F&.&4&6& && !IJ" )-&8&&&&6&& &&$&&&!I#J"&&&& &.$4&&&&&& &&&&??+

&$&&

US$24M D&E Contract

&&&&&&&&&& &&&&&86.& B&&&&&292+?3M&4&&& &&7N2+?3&&7N2+?>

&&!&&&"&& &&&&&>&%&&&&5&&-)& &&5 =&&&&5&&&&& &&6&& 4&%&&&&&2&&&M&&> %&&&& &&&F& &&&&&)-&!&$&& &&&&&5"&&&&& 7N2+?>&&&&&%&&&&& &

• 5 Jack-Ups – Commenced Negotiations

• Part 3 – Business Strategy

KM2 DES

CAPTIVE MARKET – NICHE MARKET

Avoid competition : go where competitors do not want to go or cannot go. Leverage : uneven the level playing field to enhance competitive advantage.

Green Ocean Strategy 8 ,9 Green Ocean Strategy 8 ,9 Green Ocean Strategy 8 ,9

• Strategic Approach

• :&&&&&6&&& &:&

!I#J"&&A&&!I#J"

7&&2+#!I'J" ,#C'2&&8& &&

&&!I J"

# # # 2

Market Focus – G +:'52H

4!4E2' % !

• '

&:&&&1+&&&& &&&?*&&& &.4&6& &&

74:)&%&8&&&A 74:)&- &(&- 74:)&-&& &)& &&- @&74:)&& @&@&& )&.A& &&%

• Market Focus – ME & Central Asia

A&&&&&

&&&&7&4&6& )&4&&&&& 1+&

4&&&

&&*&&&& &

)&&&&7$

!!&86.&5& &&&!& &&"

• Market Focus – South-East Asia

A4) '$&% )$&%

&&6&$&)-&8&&&&6& &&&&###! &&$&&&A4)&& &&&6&& 7&&&&!!#+!#&& &6&& 5+ &&6&&&&&&6& &&&&&6& &&#&& &&& &&&&&&

• Long-Term Objectives

• ='-

#

540:I. =: +0;:I

%#',,.<#. ;! +5! 8;0#.#9

• .

+-'# 8:-3 #.#9 !!#.+! >+ 8*.A9

• -:IJ05+
• :--:I

I,=)0

#.0#+!! 0+!

• I3-:I+

%,J0;0-=,50: ,=)0

Current

#.0##+ 5#-#

• #.0##+

5=.A 8=+59 <0>+ 8)# .'9

In Progress

' !+ 5# 8.9 !!# + ='# 8GH9

Planned

Long-Term Objectives – “3 Pillars”

&&&&0 &2+?>$ 2+?*&&&&&&&C7"&&)4& &6&@&&&(&B & !C/)03-" &&&D ' ;&&3#&& )& ' .&##!> &&&&&&# &&5 ' 8&&&'' !&&&&&=% "

• Outlook – DES Market

&&&&&&& &&&21,&&2+?1&& 2+?*M&&.&&!#& &&&&&& &&&/)& &%& 6&.&4 >&&4&5& &."&&C!!&&&&& &;&&&& ?2.&&&2+2+M&&& &&&&&5

• Outlook – Land Drilling Rig Market

• Part 5 – 1H2014 Highlights

KM2 DES

• ?92+?3&&&&71A65!/)01?G.&&?92+?1"&&D&

' :&&&&&&&4= & ' :&&&&&

?92+?3&&&&12,&&7A5 !/)0?*.&&?92+?1"& ?92+?3&&&&?+,&&76.&&&

31,755 7,866 10,000 20,000 30,000 40,000

87&&&9

391 429 100 200 300 400 500

:,87&&&9

1,716 2,263 500 1,000 1,500 2,000 2,500

I,87&&&9

! !

1H2014 Financial Highlights

• 1H2014 Financial Snapshot

78K&&&9 %& %& '#8B9 *GFF 1?*>> !*>" I, 22F1 ?*?F 12 I,5# 2GG >3 21& :,! ''! 32E 1E? ?+ 0,=<!!! K? +22 +2F !?>" :;' K2 E3? E13K1 ?

• !"
• #$%&"' (&

")" " $")"

• 1H2014 Financial Snapshot

78K&&&9 %& %& '#8B9 52# ??2> ?3*2 !23"

• 122G

11+* !2" ,/ 1>?1 2FE*F !G*" ! *GFF 1?*>> !*>" 78K&&&9 &A&$A& AA& '#8B9 ! 2F>2F 2*3*G !1>" !-! E>23 ?+GE? !?2F" : F>?3 F+*> *2 '+'0> !K? F*21 *>GF !??3" ! 0> ?*++2 ?F>G* 2>

• Thank You.

Media and Investor Contact Information: 4/&5%# 6789:;3789 Amelia Lee#4<= Benjamin Cher#>,<=