Robust Solutions for New Frontiers

Chow Yew Yuen

COO & CEO-Designate Keppel Offshore & Marine

About the Keppel Group

Offshore & Marine Rig design & construction Ship repair & conversion Specialised shipbuilding

Infrastructure Power & gas Environmental engineering Logistics & data centres

Property Property development Property fund management

Investments
Independent upstream company Diversified investment company Integrated communications service provider

Market capitalisation of S$18.3b*

* As of 03 Sept 2013
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Segmental Breakdown
Offshore & Marine contributes over 60% of Keppel Corporations net profit 1H 2013 Revenue: S$5,835m
Property 12% Investments 3% S$22m Offshore & Marine 60% Property 22%

1H 2013 Net Profit: S$677m

S$698m

S$147m
Infrastructure 9% Offshore & Marine 66%

Infrastructure 28%

S$3,520m

S$1,607m

S$63m

S$445m

About Keppel Offshore & Marine

Keppel Offshore & Marine Ship repair & conversion
FPSOs FSRUs FSOs FSUs Drillship upgrade/ enhancements Turret & module fabrications

Offshore
Jackups Semisubmersibles Floating Production Units

Specialised shipbuilding
Offshore support vessels Harbour tugs Ice-Class vessels Pipelay vessels Specialised workboats

Keppel O&M Key Highlights as at 1H 2013

2013 Record Delivery Delivered 12 out of 22 newbuild rigs New Orders Secured Net Orderbook

S$3.0b

S$13.1b
with deliveries into 2019

Total Solutions

Total Solutions

Proven Jackup Solutions

KFELS B Class Jackup

KFELS A Class Jackup

KFELS Super A Class Jackup

KFELS N Class Jackup

KFELS Super B Class Jackup

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KFELS Multi-Purpose Self-Elevating Platform

The Industry Standard

KFELS B Class Jackup

66 ordered since 2000 47 operating worldwide

High efficiency drilling with minimal downtime Reduced emissions Proprietary jacking & fixation systems Readily upgradeable to meet customers needs
KFELS B Class jackup
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Proven Deepwater Solutions

DSSTM51 Semi

DSSTM38 Semi Series

Semi Accommodation SSAUTM5000NG

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Semi-Drilling Tender SSDTTM3600

Market-Leading Drilling Semisubmersible Design

DSSTM 38 series 2 DSSTM38 semi delivered to QGOG

6 DSSTM38E semi ordered by Sete Brasil

1 DSSTM38M semi ordered by SOCAR

Double-skin columns protect equipment from external impact Heavy-duty payload reduces frequency of transporting supplies Well-suited for the deepwater golden triangle
DSSTM38

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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 Solutions

Responding to market needs
KFELS E Class KFELS J Class KFELS NE Class Arctic Ice-Class

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Advanced Deepwater Solutions

Responding to market needs
DSSTM 60HE Semi SSDTTM 5000E 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 engineering near completion Construction method set Ready for orders.

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FLNG Solutions
For up to 2.0 MTPA Completed FEED study to develop Golars first Floating Liquefied 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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Singapore: Centre of Excellence

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

Keppel FELS, Singapore

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Singapore: Centre of Excellence

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
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LNG carrier repair

Skarv Turret

Singapore: Centre of Excellence

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

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Rockdumping vessel

Pipelay vessel

Supporting Network of Asian Yards

Keppel Nantong, China

Bintan Offshore, Indonesia

Keppel Subic Shipyard, the Philippines

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

100.000 bpd 50.000 bpd 100.000 bpd 90.000 bpd 25.000 bpd

P-18

P-27

FPSO Cidade de Anchieta

FPSO Brasil

FPSO Cidade So Mateus

100.000 bpd

100.000 bpd

20.000 bpd

100.000 bpd

40.000 bpd

FPSO Marlim Sul

FPSO Capixaba

SSP Piranema

FPSO Espirito Santo

Cidade de Sao Vincente

100.000 bpd

180.000 bpd

90.000 bpd

40.000 bpd

FPSO Peregrino

FPSO P 53

FPSO Polvo

OSX 1

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
DSSTM 38E semis for Sete Brasil in progress

FPSO
FPSO topside fabrication & integration for Petrobras, MODEC & SBM

Specialised vessels
2nd phase of KSM Brasil in progress

Repairs & Upgrades

Rig repair & upgrade Noble drillship upgraded

Delivered 1 tug; Constructing another 5 tugs & 2 PSVs

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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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Mating of P-61, Brazils first TLWP

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

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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 4th Perforadora 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

North Sea Compliant Jackup & Semi solutions

KFELS Super A Class

KFELS N Class

CJ-70

DSSTM20NS

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 Floatels 5th accommodation semi for the harsh environment

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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
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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

Vision
To be the provider of choice & partner for solutions in the global offshore & marine industry

Mission
We seek to achieve customer satisfaction through technological leadership & in building a people-oriented organisation

Core Values

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Thank you Q&As

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