ANALYST BRIEFING January 2012

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• 5 1. IEV GROUP - Who are we?

• 7 2. Major projects awarded since IPO

• 11 3. Updated Order Book

• 12 4. Offshore Engineering Sector

• 19 5. Mobile Natural Gas Sector

• 22 6. Salient Highlights

CONTENTS

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WHO ARE WE?

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Regional network of operations

Smart strategic alliance partnerships

A 25-year old engineering service provider in the oil and gas industry years 25

Leading developer and operator of mobile natural gas supply chain

Provider of “live-to-end” offshore engineering solutions

WHO ARE WE

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IEV LISTED ON SGX-ST CATALIST

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• Successfully listed on 25 October 2011 at an IPO price of S$0.30/share

• Trading at 63% premium over IPO price today.

MAJOR PROJECTS AWARDED SINCE IPO

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OFFSHORE ENGINEERING SECTOR

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Date Announced Segment Work Scope Value

(RM'mill) Expected

Completion

8 Nov 2011 JPIS Grouting services for 12 offshore structures in India, Indonesia and Myanmar

Not disclosed

2Q2012

19 Dec 2011 MFD EPCIC of wellhead platform, new pipeline and host tie-in to existing offshore production facilities.

262 4Q2012

27 Dec 2011 DS Turnkey decommissioning project for EPRD of a vent platform and associated pipelines

12 1H2012

SECURED NEW PROJECTS

EPCIC: Engineering, Procurement, Construction, Installation and Commissioning EPRD: Engineering, Preparation, Removal and Disposal

MOBILE NATURAL GAS

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Date Announced

Description CNG (in mmbtu) Customer Duration

4 Jan 2012 Renewal of take-or-pay GSA subject to a minimum off-take of 85% of the contracted units of energy to purchase CNG from IEV.

Approx. 450,000 (computed based on a assumed average delivery rate of 18,750 mmbtu per month)

PT Indofood

24 months from Dec 2011 to Nov 2013

GSA RENEWALS

Date Announced

Description

25 Nov 2011

CNG Vietnam currently supplies CNG to 18 customers in South Vietnam and is believed to be the primary CNG supplier in Vietnam

Listing of 20.5% owned associate company CNG Vietnam Joint Stock Company on HOSE

UPDATED ORDER BOOK

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UPDATED ORDER BOOK

Offshore Engineering Sector • As of Dec 31, 2011: > RM280m (approximately USD 89 million)

Mobile Natural Gas Sector • Throughput with PT Odira until August 2012:

4,357,000 mmbtu (2,015,000 mmbtu delivered as at 18 September 2011)

• Take or pay GSA with PT Indofood from December 2011 – December 2013:

450,000 mmbtu

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OFFSHORE ENGINEERING SECTOR

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OFFSHORE ENGINEERING SECTOR

INTEGRATED ENGINEERING SOLUTIONS Provider of live-to-end engineering solutions to

offshore oil and gas production facilities

MARGINAL FIELD DEVELOPMENT Provider of turnkey engineering,

transportation and installation for marginal field development

Jacket & Pipeline Installation Solutions (JPIS)

Structural Integrity Solutions (SIS)

Rigless Well Intervention Solutions (RWIS)

Inspection, Repair & Maintenance Solutions (IRMS)

Life Extension Solutions (LES)

Decommissioning Solutions (DS)

GREEN FIELD BROWN FIELD

NEW FACILITIES EXISTING FACILITIES AGEING ASSETS AGED / ABANDONED FIELD

INTEGRATED ENGINEERING SOLUTIONS

OES - GREEN FIELD OPPORTUNITIES UPDATE

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AUSTRALIA

• 20 projects

CHINA

• 19 projects

THAILAND

• 17 projects

MYANMAR

• 5 projects

INDONESIA

• 47 projects

MALAYSIA

• 41 projects

VIETNAM

• 27 projects

INDIA

• 24 projects

200 GFB ACCOUNTS (2012 -2014) IN ASIA PACIFIC Source: Petrodata

MARGINAL FIELD DEVELOPMENT (MFD)

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• IEV is 1st contractor to offer a turnkey MFD by platform reuse in Asia

• Platform reuse is a fast-track and cost effective development concept

• Platform reuse has great potential as marginal fields are being developed to slow down the decline in oil production throughout Asia

MARGINAL FIELD DEVELOPMENT THROUGH PLATFORM REUSE

MARGINAL FIELD DEVELOPMENT

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PLATFORM REUSE - A BLUE OCEAN STRATEGY ?

• An EPCIC contracting strategy with no competitors?

• Can Platform Reuse be the catalyst for decommissioning business in Asia?

• Can IEV leverage platform reuse concept to champion decommissioning business in Asia?

• Localisation of platform reuse to tap into the large inventory of ageing assets in Asia

• An integration of IEV’s Decommissioning and Jacket & Pipeline Installation Solutions

POTENTIAL MFD OPPORTUNITIES

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INDONESIA

• 20 fields

MALAYSIA

• 20 fields

VIETNAM

• 12 fields

AUSTRALIA

• 26 fields

CHINA

• 28 fields

INDIA

• 18 fields

THAILAND

• 12 fields

126 MFD OPPORTUNITIES (2012 -2014) IN ASIA PACIFIC Source: Infield

MARGINAL FIELD DEVELOPMENT

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LAUNCH OF MARGINAL FIELD DEVELOPMENT (MFD) BUSINESS DIVISION

Decommissioning

Engineering & Refurbishment / Modification

Load-Out, Transportation & Installation

Hook-Up & Commissioning

Transportation & Installation

Platform Refurbishment

Feasibility Study

Platform Decom

Hook-Up & Commissioning Hose Tie-In

Feasibility Study, FEED & Detail Design

Procurement of Process Equipment

Permitting

MOBILE NATURAL GAS SECTOR

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MNG – INDUSTRY UPDATES

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• LNG market will continue to tighten 2012 to 2014 and will be supply constrained from 2015 to 2017 (Global LNG report from J.P. Morgan – Jan 2012)

• In near term, this is supportive of oil-indexed LNG contract pricing – USD 14 to USD 16/mmbtu.

• Pipeline gas prices varied significantly from country to country, depending on subsidy policy and domestic versus import sources, but are increasing rapidly

• CNG prices have reached USD 14/mmbtu in Indonesia and USD 17/mmbtu in Vietnam

• PLN is negotiating to import LNG from Qatar at USD 14/mmbtu

• Thailand increased CNG price from January 2012

• Indonesia to implement NGV program in Q2, 2012

ENERGY PLANS AND STRATEGIES

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1. Sources of Feed Gas

Current MNG supply chain is reliant upon feed gas from gas traders and/or piped gas distribution companies

IEV is developing new MNG supply chains in Indonesia on stranded gas wells

2. MNG Business Model

CNG LNG

Industry sector Transport and Power sector

3. Complete Energy Company

Upstream, midstream and downstream activities

Participation in bids for KSO & O&G concessions

E&P, processing, distribution and application of CNG/LNG

SALIENT HIGHLIGHTS

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We operate in a vibrant industry

We offer strong growth potential in both engineering and energy sectors

We develop sound blue ocean strategies and implementation plans

We are well established and with a long and proven track record

We are risk diverse

We are an innovative and dynamic company

(culture)

Thank You Q&A

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