Investor presentation July 2020
Investor presentation May 2020 Contents Profile & H1 2020 results outlook strategy 2
1. Profile and strategy
We are the world’s leading Geo -data specialist Geo-data is essential for designing, building and operating any asset on this planet Fugro’s AAA approach ▪ Acquisition of Geo-data ▪ Analysis of the data ▪ Advice based on knowledge and insights Emergency Change alerts detection Predictive Simulations maintenance Mitigate Risk based geohazards inspection Design Life optimisation extension More insights, more optimised processes 4 Investor presentation May 2020
Unlocking insights from Geo-data With our ‘triple A’ approach we help our clients to design, build and operate their assets safely and sustainably Acquisition Advice Analysis 5 Investor presentation May 2020
Together we create a safe and liveable world 6 Investor presentation May 2020
Fugro’s key markets and services 4% Oil & Gas 7% Infrastructure Renewables Nautical 18% Other 48% 23% Marine site characterisation 6% Marine asset integrity Land site characterisation Land asset integrity 14% 24% 41% 41% 21% 29% Major office locations Europe & Africa Americas 24% Asia Pacific Middle East & India Pie charts based on H1 2020 revenue 7 Investor presentation May 2020
Further diversification through strong growth in renewables revenue by segment Q2 2020 revenue growth% 1 Q2 2020 8% 4% -29% -29 -25% 42% -25 24% 41% 40 oil & gas nautical -16% infrastructure other 22% -16 renewables Offshore wind continues to grow, in line with strategy to further diversify into new energy and other growth markets ▪ Virtually all other markets impacted by Covid-19 disruptions: operational challenges, delays, postponements ▪ Impact of oil price decline on oil & gas market is expected to persist for some time ▪ Long term outlook for energy and infrastructure markets supported by population growth, urbanisation, technological ▪ change and climate change. 1. Corrected for currency effect 8 H1 2020 results
Marine services address the full lifecycle of offshore assets Uniquely capable in both site characterisation and asset integrity services Field Production & Exploration & Appraisal Development planning Decommissioning development Maintenance Final investment decision Marine site characterisation services Seep surveys detecting and analysing hydrocarbon leakages Geophysical survey mapping of seabed’s (sub)surface Geotechnical investigation determining soil composition via extraction of samples and laboratory/ in-situ testing Hydrography sea-bottom mapping/charting Geoconsulting including ground modelling and geohazard risk assessment Marine asset integrity services Monitoring & forecasting real-time monitoring and forecasting of weather, currents and environmental conditions Positioning providing subscription based signals and service Construction support providing Construction support survey systems and related expertise ROV & tooling inspection and light IRM services assessing condition of underwater assets and executing intervention using ROVs light repair and maintenance programs 9 Investor presentation May 2020
Land services address the full lifecycle of onshore assets Uniquely capable in both site characterisation and asset integrity services Site Design & Operation & Construction Decommissioning appraisal Contracting Maintenance Land site characterisation services Geotechnical investigation determining soil composition via extraction of samples or cone penetration testing Monitoring of (sub)surface, new and existing assets during the Geophysical surveys mapping of subterrenean soil characteristics construction phase and operational phase Testing of rock and soil samples, foundation and construction materials testing Geoconsulting including geohazard risk assessments, foundation advice, water resource management and flood control Land asset integrity service Acquisition of geospatial data to map, inspect, and advise on the integrity of Rail tracks • Roads • Power lines • Pipelines & industrial facilities • 10 Investor presentation May 2020
World’s leading Geo -data specialist Widest breadth of services amongst companies active in both site characterisation and asset integrity services Fugro’s competitive position Marine Seep surveys 1 Global 1 Geophysical survey Global 1 Geotechnical investigation Global 1 Geoconsulting Global 1 Monitoring & forecasting Global 1 Positioning Global 3 ROV & tooling Global 2 IRM services Global Land 1 Geotechnical investigation Nearshore 2 Global 1 Road inspection and advice USA 2 Power line inspection & advice Australia Note: Management estimates 11 AvA 2020 Investor presentation May 2020
Highly skilled specialists with strong safety culture Fugro is one of the largest employers of Geo-specialists in the world > 400 R&D engineers Awards > 550,000 hours of >3,000 Fugro Academy training PhD/Master degree LEADERSHIP Collaborating with > 100 nationalities Environmental Compass Equipment top universities Leadership Industrial Innovation Award Award Award 25 data scientists Client recognition Malaysia Geomatics High scores in the 7-Star Operations 1.2 million safe work hours audit programme 27 years without lost time injuries Development Bureau & Construction Industrial Council Zero fatality, lost time injury, Outstanding performance in health and safety at work major fire and major loss of Model frontline supervisor & primary containment over 22 years Model subcontractor 12 Investor presentation May 2020
Diversified client base and long-standing client relationships Fugro services multiple markets and type of clients Revenue by segment Revenue by client type Client concentration 4% 3%3%3% 3% 7% 4% 5% 2% 5% 9% 19% IOCs - Majors 2% IOCs - Independent Oil & Gas 2% 6% Top 15 client 14% NOCs 2% Infrastructure breakdown 3% Governments 2% Renewables All other clients 9% 2019 2019 2% 2019 Contractors Nautical 52% 2% D&E Other 1% Non-O&G 69% 1% 9% 1% 27% 23% Service Companies Other 13% Strong blue chip client base Note: Revenue splits are based on FY2019 figures with Seabed classified as discontinued operations 13 Investor presentation May 2020
State-of-the-art asset base Modern fleet that is easily redeployable across markets providing operations flexibility 25 3 6 specialised uncrewed autonomous service surface underwater vessels vessels vehicles 117 82 194 cone remotely penetration geotechnical operated testing drilling rigs vehicles systems 7 26 39 remote jack up laboratories operations platforms centers Data per year-end 2019 14 AvA 2020 Investor presentation May 2020
Innovation and digitalisation Integrated digital solutions to enhance our client’s insights from Geo -data State-of-the-art technologies Fugro’s Digital Foundation mergency hange alerts detection redicti e imulations maintenance itigate is based geoha ards inspection esign ife optimisation e tension >400 R&D engineers and scientists of which ~70% in software & data science close to 2.5% of revenue spent on R&D REMOTE OPERAT ATIONS ADVAN VANCED ANALYTICS CONNECTED DATA ROBO BOTICS CS AUTONOMOUS CLIENT INTERF RFAC ACES 15 AvA 2020 Investor presentation May 2020
Continuously rethinking what we do and how we do it Sustainability is embedded in Fugro’s business Important role to play in the Increase safety while limiting Sustainable cities Mitigating climate change impact ongoing energy transition environmental impact with innovation Growth in renewable energy is strong Fugro’s sustainable and inno ati e uch of Fugro’s land business has Fugro is increasingly involved in and has global reach, accounting for solutions help clients to develop vital direct impact on sustainable projects that map and mitigate the ~15% of Fugro’s re enue. fossil resources in (1) safe and development of infrastructure. impact of climate change. responsible way, and (2) lower CO 2 footprint. Site investigation for Ørsted offshore wind 7 remote operations providing 150,000 Levee reinforcement project won Coastal zone mapping projects in Greater Changhua project hours to date Dutch Water Innovation Award 16 Investor presentation May 2020
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