keppel - pareto presentation 2013

7/27/2019 Keppel - Pareto Presentation 2013

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Robust Solutions for New Frontiers

Chow Yew Yuen

COO & CEO-Designate

Keppel Offshore & Marine


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About the Keppel Group

Offshore & Marine Infrastructure Property

Rig design &construction

Ship repair &conversion

Specialisedshipbuilding

Power & gas

Environmentalengineering

Logistics &data centres

Propertydevelopment

Property fundmanagement

Market capitalisation of S$18.3b*

* As of 03 Sept 2013

Investments

Independentupstream company

Diversifiedinvestment company

Integrated

communicationsservice provider


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Segmental Breakdown

Offshore &Marine

66%

Infrastructure9%

Property22%

Investments3%

S$22m

1H 2013 Net Profit:S$677m

Offshore &Marine

60%

Infrastructure28%

Property12%

1H 2013 Revenue:S$5,835m

S$3,520m

S$1,607m

S$698m

S$445m

S$147m

S$63m

Offshore & Marine contributes over 60% of

Keppel Corporations net profit


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About Keppel Offshore & Marine

KeppelOffshore & Marine

OffshoreShip repair &conversion

Specialisedshipbuilding

Jackups

Semisubmersibles

Floating Production

Units

FPSOs

FSRUs

FSOs

FSUs

Drillship upgrade/

enhancements Turret & module

fabrications

Offshore support

vessels

Harbour tugs

Ice-Class vessels

Pipelay vessels

Specialisedworkboats


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Keppel O&M Key Highlights as at 1H 2013

2013 Record Delivery

Delivered 12out of 22newbuild rigs

New Orders Secured

S$3.0bNet Orderbook

S$13.1bwith deliveries into 2019


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Total Solutions


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Total Solutions


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Proven Jackup Solutions

KFELS B Class

Jackup

KFELS Super BClass Jackup

KFELS A Class

Jackup

KFELS N Class

Jackup

KFELS Super A

Class Jackup

KFELS Multi-PurposeSelf-Elevating Platform


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The Industry Standard

KFELS B Class jackup

High efficiency drilling with minimaldowntime

Reduced emissions

Proprietary jacking & fixation systems

Readily upgradeable to meetcustomers needs

KFELS B Class Jackup

66 ordered since 200047 operating worldwide


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Proven Deepwater Solutions

DSSTM51 Semi DSSTM38 Semi Series

Semi Accommodation

SSAUTM5000NGSemi-Drilling Tender

SSDTTM3600


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Market-Leading Drilling Semisubmersible Design

Double-skin columns protect

equipment from external impact

Heavy-duty payload reduces frequency

of transporting supplies

Well-suited for the deepwater golden

triangle

DSSTM38

DSSTM38 series

2 DSSTM38 semi delivered to QGOG

6 DSSTM38E semi ordered by Sete Brasil

1 DSSTM38M semi ordered by SOCAR


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The Preferred Solutions Partner


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Innovating to meet customers

needs across global frontiers


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Advanced Jackup SolutionsResponding to market needs

KFELS E Class

KFELS J Class

KFELS NE Class

Arctic Ice-Class


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Advanced Deepwater SolutionsResponding to market needs

DSSTM60HE Semi

SSDTTM5000E

CAN DO Drillship


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CAN DO Drillship

Designed to meet operators

latest requirements

Features:

High functional & useable deck

space covered effectively with

cranes

Enhanced tank capacities

Ergonomic space arrangement

High speed and fuel autonomy

Improved drilling efficiency

Efficient escape & access routes


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CAN DO Drillship

Progress: Class approval obtained

Model test completed

3D detail engineeringnear completion

Construction method set

Ready for orders.


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FLNG Solutions

For up to 2.0 MTPA

Completed FEED study to develop Golarsfirst FloatingLiquefied Natural Gas (FLNG) vessel

Builds on track record of 3 Floating Storage &

Regasification Unit (FSRU) conversions

FLNG design enhances flexibility & efficiency for tapping remote

reserves

Note: MTPA = Million Tonnes Per Annum


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FLNG Solutions

Mid & small scale concepts

featuring Keppels LNG technology

FLNG conversion for 1.0 MTPA

Jetty-moored FLNG concept for

near shore LNG terminals

Newbuild barge for 0.5 MTPA

Capable of oil production &

treatment of associated gas in

shallow waters

Pre-FEED study completed


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Near Market,Near Customer


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Keppel FELS: Offshore rig design, construction & repair

Built about 50% of jackups & a third of semis worldwide since 2000

Reliable execution: Delivered 15 out of record 20 rigs this year

Secured 10 KFELS B Class jackup orders year-to-date

Singapore: Centre of Excellence

Keppel FELS, Singapore


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Keppel Shipyard: Expertise in vessel conversion & repair

Expertise in ship repair with an average of 400 vessels/year Track record of 109 FPSO/FSO/FSRU conversions & upgrades

Keppel Shipyard, Singapore



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FPSO/FSO/FSU conversion & upgrade FSRU conversion

Turret fabrication LNG carrier repair

Skarv Turret


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Keppel Singmarine: Specialised shipbuilding & design

Wide spectrum of customised turnkey solutions Constructed over 400 specialised vessels for global clientele

Executing a Platform Supply Vessel for McDermott & a Diving Support Vessel

for Bhagwan Marine

Asias first ice-breakers for the

Arctic region

Rockdumping vessel Pipelay vessel



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Supporting Network of Asian Yards

Keppel Nantong, China

Keppel Subic Shipyard, the Philippines

Bintan Offshore, Indonesia

Keppel Batangas Shipyard, the Philippines


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Brazil: Local Content Delivery

BrasFELS, Angra dos Reis, Brazil


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Brazil: Contribution to Brazils Capacity

FPSO Peregrino

100.000 bpd

FPSO P 53

180.000 bpd

FPSO Marlim Sul

100.000 bpd

FPSO Capixaba

100.000 bpd

SSP Piranema

20.000 bpd

FPSO Polvo

90.000 bpd

100.000 bpd

P-18 FPSO Brasil

90.000 bpd

FPSO Cidade de Anchieta

100.000 bpd50.000 bpd

100.000 bpd

FPSO Espirito Santo

40.000 bpd

25.000 bpd

FPSO Cidade So Mateus

Cidade de Sao Vincente

40.000 bpd

OSX 1

P-27


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Brazil: Solid Offshore Track Record

FPSO Cidade de Sao Paulo FPSO Cidade de Paraty


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Brazil: Local Content Delivery

Total Solutions Provider

Offshore rigs

DSSTM38E

semis forSete Brasil inprogress

FPSO

FPSO topside

fabrication &integration forPetrobras,MODEC &SBM

Specialisedvessels

2nd phase of

KSM Brasil inprogress

Delivered 1tug;Constructinganother 5 tugs& 2 PSVs

Repairs &Upgrades

Rig repair &

upgrade

Noble drillshipupgraded


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Brazil: Reliable Execution

6 DSSTM38E semis

1st unit reached revenue recognition threshold

2nd unit struck steel

Harnessing synergy between global yards

P-61 TLWP

Successful mating of the topsides & hull


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1. Hull was towed from BrasFELS to a

deepwater mating hole near Angra dos Reis

2. Hull was ballasted down to achieve the

required mating draft

3. Topsides were positioned over the

submerged four column hull

Mating of P-61, Brazils first TLWP


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Mating of P-61, Brazils first TLWP

4. Upon de-ballasting, the hull connected to the topsides via specially designed receptacles

and stab-in cones


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US Gulf of Mexico: Established Reputation

Keppel AmFELS in Texas

Capacity to build up to 4 jackups

per year

Has to date delivered a total of

18 jackups 4thPerforadora Central rig in

progress

Upgrading Diamond Offshores

semi

Keppel AmFELS, Texas, US


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Mexico: Growing Clientele

Keppel O&M Group won 16

jackup orders from Mexico;

13 of these are KFELS B

Class rigs

KFELS B Class for Oro Negro
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North Sea: Robust Solutions

Delivered 2 KFELS Super A Class jackups; another 3 under construction

3 KFELS N Class jackups for Rowan performing well

Building 3 CJ-70 jackups for Maersk

Secured Floatels5th accommodation semi for the harsh environment

North Sea Compliant Jackup & Semi solutions

KFELS Super A Class KFELS N Class CJ-70 DSSTM20NS


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Caspian Sea: Valued Partnerships

Caspian Shipyard Company, Azerbaijan

Early mover to support SOCARs fleet expansion needs

Deepening presence in Azerbaijan

Secured DSSTM38M semi order from SOCAR in 2Q 2013

C i S S d d i A b ij


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Caspian Sea: Second yard in Azerbaijan

Baku Shipyard


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Middle East: Comprehensive Service Hub

Nakilat-Keppel O&M, Qatar, has repaired over 150 vessels to-date


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Full spectrum of repair, fabrication & maintenance services


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Vision, Mission & Core Values

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Vision

To be the provider of choice & partner for solutionsin the global offshore & marine industry

MissionWe seek to achieve customer satisfaction through technological

leadership & in building a people-oriented organisation

Core Values


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Thank youQ&As

keppel - pareto presentation 2013

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