DE RAJ GROUP AG Audited Consolidated Financial Statements FY 2017 May 14 th , 2018 1 1
Disclaimer – “Forward - Looking Statements” The statements made in this presentation may contain forward-looking statements. Words such as "should", "would", "could", "may", "believe", "anticipate", "expect", "intend", "foresee", "planned", "estimate", "outlook" and other similar expressions are used to identify forward-looking statements. These forward-looking statements involve significant uncertainties, risks and assumptions that could cause actual results to differ, be it from historical results or current / future projections, including but not withstanding the following known material factors: • Risks relating to the review of our accounts for foreign currency effects and any resulting financial restatements, pro forma corrections, filing delays, regulatory non-compliance or litigation • Risks of additional information arising during our review of accounting for foreign currency effects, causing us to make additional changes or find other material weaknesses • Competitive factors in the industry • Risks relating to our information technology infrastructure and IP • Risks relating to business operations • Risks related to third parties which we are engaged in contracts with • The ability to hire key staff members • Risks relating to legislation or government regulations that directly affect the business • Risks associated with being a public entity • Risks relating to social, economic or political conditions, either worldwide or local • Risks of currency fluctuations and foreign exchange controls • Risks of integration • Risks relating to tax, and any other risk factors as mentioned in our prospectus Please do not place undue reliance upon any of these forward-looking statements, which speak only as of the date of this presentation. We undertake no obligation to update or revise our forward-looking statements post publication of this presentation on the aforementioned date, whether as a result of future events, new information or otherwise, except as required by law. 2 2
CONTENTS 1. Company Overview 2. Products & Solutions 3. Strategic Direction 4. Company Assets 5. Track Record 6. Risk Factors 7. Key Financials 8. Appendix 3 3
Company Overview 4 4
Introduction “Powering economic growth • De Raj Group AG began operations with offshore marginal fields in 2011, and has had contracts with with a clear conscience multiple clients in Malaysia and Indonesia, including History PT Pertamina Hulu Energy, who is still a client today. to create enduring prosperity • Gaea Power GmbH was founded in 2015, when for everyone” De Raj Group began operations in the power industry, also establishing a presence in Germany. • Active: 8 CHP’s with combined capacity of 3 MW; MOPU “BOSS 1” Net worth – Operational Listing • EUR 125 million Presence Reserve: 5 offshore rigs, power generation assets Assets and processing equipment • Intangible: Worldwide patents for offshore rig Tangible Asset Vienna listed 8 th technology Base – Malaysia February 2018 EUR 129 million Trading in • We value innovative, visionary perspectives with Intangible Asset Frankfurt & Base – Indonesia XETRA as of regards to the complex challenges our clients face EUR 20 million March 2018 • We strive for smart simplicity in everything we do Values because we operate in highly complex changing Planned IPO in Term Debt – EUR environments Germany Frankfurt for 24 million Third Quarter • We value people with the drive and passion to make a positive impact on our business and our clients 5 5
Company Listing De Raj Group AG has been listed and traded successfully on the EU-regulated market of the Vienna Stock Exchange since 8 th February 2018. The De Raj Group is also listed and traded at the Open Market in Frankfurt / Main and at XETRA of Deutsche Börse AG since 23 rd March 2018 De Raj Group has plans to IPO in Frankfurt during the Third Quarter of 2018. 6 6
Strategic Direction 7 7
Oil & Gas Business Model Build / Convert, Own, Operate & Lease Offshore Production Facilities CONVERTED JACK-UPS MOPU’S, ACCOMODATION Real Estate & Facilities for EOR (ERF) GREENFIELDS (detachable Drilling Rig/ Drilling TO platforms) with Early BROWNFIELDS Production (DREPS) + WHP) FLOATERS FPSO, FPU, FLNG & FSO’s Integrated Hydrocarbon Production Services Provider 8 8
Technological Edge – Value Creation In 2009, Tech Valued at USD 200 million Approval in Principle 7 November 2008 Revised on December 2, 2008 Conventional Remote Field Development Mobile Offshore Production & Storage Unit Drilling Rig MOPU FSO WHP PATENTED PATENTED Detachable Platform Flow Assured Systems & Technologies (FAST™) NOVEL Drilling with EPS 9 9
Conventional remote field With MOPSU savings in development excess of USD 100Million Removeably attached WHS and MOPU – saving USD 35 Million 10 10
Wellhead deck is removeably attached to the hull and/or deck frame 11 11
Strategic Focus Flexible approach for delivering specific solutions to client’s requirements Challenges Characteristics & Requirements Our Solution • Challenged Economics • Accelerate Production Marginal Fields • Small Size • Reduce Upfront CAPEX • Lean Operators • Reduce Operating Cost • Early Revenue Generation • Fully Integrated Facilities Early Production • SIMOPS (drilling + production) • Ready to Promptly Deploy • Info gathering for facilities design • Right-Size Perm. Facilities • Lack of Infrastructure • Integrated Approaches Stranded Fields • Remote Location • Self-Installing Facilities • Less known data on wells/reservoir • Extended Well Test Facilities • Costly • Add deck space via MdWHP EOR/IOR Activities • Technically Challenging • Real Estate • Space, e.g. Deck Area, Restrictions • Flow-Solutions • Oversized, Redundant Facilities • Reduce Abandonment Cost End of Life Fields • High Operating Costs • Reduce Operating Costs • Declining Production • Extend Reservoir lives by EOR & USR Drilling 12 12
Products & Solutions Significant cost savings and accelerated revenues by delivering innovative and integrated solutions EPS Accommodation MOPU MOPU + Detachable Well jack-Up Head Platform (WHP) • • • Relocatable MOPU and patented • Early Production System Mobile Offshore MdWHP ™ as early production accommodation platform utilising an EWT module Production Unit: with helideck and cranes to facilities to produce during Relocatable and perform platform hook-up reusable platform prolonged well test • and commissioning or The integrated solution allows converted from programmes refurbishment work field development in stages jack-up rigs, with oil & allowing the WHP to be gas production and • Provide stable platform to detached only when necessary export facilities increase productivity during based on production levels harsh weather conditions, with advantages over accommodation barges 13 13
Products & Solutions FLNG – Planned 2020 – – FPU Being Built To be Commissioned in 2019 Floating LNG liquefaction vessel Floating Production Unit FLNG has every potential to be a game changer for the liquefaction industry from A FPU installation is a floating facility. It is both technical and commercial stand equipped with hydrocarbon processing points in the same way as FPSOs have equipment for separation and treatment enabled the economic development of of crude oil, water and gases, arriving on remote offshore oil fields. board via flexible pipelines 14 14
Products & Solutions 15 15
Strategic Direction Distributed Leasing Infrastructure Now Power Oil & Gas Technology Generation Enabler Equipment Independent & Planned Energy Commodities Distributed Infrastructure Power Producer 500 MW FPU / FPSO / Nickel-Cobalt LED lights FLNG IPP Optimising MOPUs Renewable Energy Units Diesel / Gas Development Projects of O&G Fields (11MW Diesel & 7MW Gas) LNG and Flare Gas Condensates Recovery 16 16
Natural Gas 2018 BP Energy Outlook Natural Gas Grows Strongly with Broad Based Demand Gas outpacing other fossils LNG trade doubling by 2040 Consumption Production Trade Bcf/d Bcf/d 700 700 N America Europe Pipeline* China India & Other Asia LNG 600 600 Middle East CIS Consumed regionally Africa Other 500 500 400 400 300 300 200 200 100 100 0 0 2016 2040 2016 2040 2016 2040 *Pipeline gas refers to inter-regional pipeline trade 17 17
Natural Gas Natural gas grows strongly, supported by broad-based demand, strong increases in low-cost supplies, and continuing expansion of supplies of liquefied natural gas (LNG) increasing the availability of gas globally. Global LNG supplies more than double over the Outlook, with around 40% of that expansion occurring over the next five years. The sustained growth in global LNG supplies greatly increases the availability of gas around the world, with LNG volumes overtaking inter- regional pipeline shipments in the early 2020s. 2018 BP Energy Outlook 18 18
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