MMA Offshore : Canaccord Genuity Investor Day Presentation

onlyuseC A N A C C O R D G E N U I T Y I N V E S T O R D AY

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ABOUT MMA

M M A S P E C I AL I S E S I N P R O V I D I N G H I G H - S P E C I F I C AT I O N V E S S E L S AN D A C O M P R E H E N S I V E S U I TE O F M AR I N E AN D S U B S E A S E RV I C E S TO TH E O F F S H O R E E N E R G Y S E C TO R AN D W I D E R M AR I TI M E I N D U S TR I E S

ersonal use only

VESSEL SERVICES

• 17 offshore vessels
• AHT, AHTS, PSV and MPSV assets
• Offtake, supply, construction, seismic, survey, tug and barge, anchor handling and towing, accommodation, dive and ROV, installation and IMR support services
• Supporting offshore marine, renewables and subsea projects

SUBSEA SERVICES

• Survey, geophysical and geotechnical, engineering, commercial diving, ROV, subsea stabilisation and MAT services
• Managed by in-house project management and delivery expertise
• Able to leverage MMA's full capability in a single client-facing solution.

PROJECT LOGISTICS

• Complex marine and vessel spreads, logistics to remote greenfield sites, integrated marine logistics, marine transportation services and onshore construction support
• Support for the onshore, nearshore and offshore construction markets

OUR LOCATIONS

vessels operating	employees across	global operating
internationally	the globe	facilities

OUR MARKETS

Oil & Gas	Renewables	Decommissioning	Government &
			Defence

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OUR STRATEGY

TRANS FO RM IN G THE WAY M ARINE S E RV ICE S ARE DE LIV E RE D

only	Maximise		Grow	Extend
use	Core Business	New Markets	Service Offering
Vessels	Subsea	Offshore Wind	Decommissioning	Marine	Integrated
ersonal					Expertise	Services
Project Logistics	Engineering	Government /	New Marine	Partnerships &
			Defence	Markets	Collaborations
			Innovation
			Sustainability Objectives
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OIL & GAS

S TRONG P IP E LINE OF P ROJE CTS IN M M A'S OP E RATING RE GIONS

KE Y P ROJE CTS

OFFS HORE O&G GRE E NFIE L D S ANCTIO NI NG

Marjan (Aramco)

Berri (Aramco)

Zuluf expansion (Aramco)

North Field Expansion (Qatargas

only	Upper Zakum (ADNOC)
Lower Zakum (INPEX)
use	Nasr Phase 3 (ADNOC)
Coral South (Eni)
	Mozambique LNG (Total)
ersonal	Rovuma (Exxon/Eni)
Gorgon #2 (Chevron)
	Ichthys #2 (INPEX)
	Julimar #2 (Woodside)
	Barossa (Santos)
	Scarborough (Woodside)
	Crux (Shell)
	Dorado (Santos)
	Equus (WGC)
	Browse (Woodside)

Kasawari (Petronas)

Schwe #2 (POSCO Daewoo)

KG D6 (Reliance / BP)

SK 304 - Jerun (Sapura)

Abadi LNG (Inpex)

Ca Voi Xanh (Exxon)

Lang Lebah (PTTEP)

Shwe Yee Htun (Total)

Limbayong (Petronas)

Daman Gas Enhancement (ONGC)

LEGEND

Project Sanctioned / In progress

FID pending

					Est. Offshore Greenfield Value ($b)			Est. Sanctioning
																							Continent	value 2022-2026
60			Australia		Asia excl. China			Middle East		East Africa	(US$b)
									50													Australia / NZ		15
50
											39	39	39			Asia excl. China		52
40												28	34			27
30								21									Middle East		90
				18
		15
20																			East Africa		10
									6
10																								167
0
	2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026		Source: Rystad Greenfield Sanctioning Database
										O&G V E S S E L DE M AND FORE CAS T
								Est. O&G Vessel Years
		Australia			Asia excl. China		Middle East			East Africa	The OSV sector has taken further
					703			739	763		744	761	769
800									steps forward in 2022 so far, amidst a
600																						high energy price environment, firming
400																						rig demand and a continued pick up in
200																						offshore field activity.
																					Clarksons Research, May 2022
0
			2021			2022	2023		2024	2025	2026

Source: Rystad Offshore Vessel Database

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RENEWABLES

E X P ONE NTI AL GROWTH IN OFFS HORE WIND DE V E LOP M E NT S IN AS IA PACIFIC RE GION

only	KE Y P ROJE CTS
SOUTH KOREA		JAPAN
	Incheon		Akita Port
	Taean - Manipo				Noshiro Port
	Donghae - Gray Whale		Kitakyushu Port
Southwest Offshore Phase 3A
	Western Wakayama

Yuri-honjo

Yamaguchi

use	VIETNAM		TAIWAN
	Changhua (Orsted)
	Binh Dinh - PNE Phase 1		Formosa (JERA)
		Yunlin (wpd)
	Thang Long Phase 1. 2, 3
		Hai Long (Northland Power)
	Binh Thanh/Hoa Thang
		Changfang Xidao (CIP)
	La Gan Phase 1
				Changhua 3
				Changhua - Strait Wind Power

PHILIPPINES

ersonal				Aparri Bay Phase 1 and 2
			Guimaras Strait
	LEGEND	AUSTRALIA / NZ
Project Sanctioned / In progress
Star of the South (CIP)
	Proposed1
	Mid West Wind (Pilot)

1 Proposed refers to wind farm projects in application or concept stage 2 Excludes intertidal projects

APAC OFFS HORE WIND P ROJE CTS (2022 - 2026)

								Proposed	Projects				Total Wind Farm	Total No. of	Est. Capex
Country				Projects	Approved				Capacity (MW)	Turbines	(US$b)
Australia				2					0					2,300		212		5.7
Japan					17				4					5,385		645		12.6
Philippines				3					0					1,200		120		2.8
South Korea				21				13					8,864		1134		31.2
Taiwan					6					8					5,902		664		18.2
Vietnam2				8					0					5,116		518		10.8
																								81.3
				APAC OFFS HORE WIND CAPACIT Y GROWTH FORE CAS T
							Est. Capacity additions (MWac)
		Taiwan		South Korea		Japan		Vietnam			Phillipines			Australia
10000														6859	8711	7617		Global annual offshore
8000																		wind capex forecast to
										5217
6000										4243							surpass $100 billion by
							2842											2030.
4000		1652				1482
2000		739													Rystad Energy
0
	2022	2023	2024	2025		2026	2027	2028	2029	2030

Source: Rystad Offshore Wind Database

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