Investors and Analysts Meeting March 2017 Our Business Group o - PowerPoint PPT Presentation

Investors and Analysts Meeting March 2017

Our Business Group o Market leader in Facilities management, o Modern, young and efficient Off-shore Contract services and Accommodation Support Vessel fleet of 100 vessels solutions in Oman o Fortress position in the Caspian and o Primarily in the Middle-East, with significant presence in Middle East and operational experience in Norway, Iraq West Africa and Afghanistan 2

Vision : ‘To be the global local quality champion and top five OSV player, with profitability in top quartile ’ 3

Young Fleet – Enhanced Value to Clients 16.1 years younger 5.9 years 24.6 younger 8.0 years 9.2 years younger younger 5.9 years 19.2 younger 16.9 16.2 13.3 12.6 8.5 8.2 Industry 7.7 6.7 average Topaz All OSV ERRV MPSV PSV AHTSV Industry data from Clarkson’s Shipping Intelligence Network Younger vessels have less downtime, more capacity and better fuel use Market leader in vessel efficiency, with an average age of 8 years, significantly below the market average of 16.2 years 4

Project Tengiz • The super-giant Tengiz project is among the top 10 producing oil fields in the world. The project is developed by Tengizchevroil(TCO); a consortium comprising Chevron 50%, Exxon 25%, KMG 20% and Lukarco 5%, and operated by Chevron • Tengiz represents an estimated investment of US$40 billion, and is the only ongoing “mega project” by all global oil majors expected to be given full investment commitment in 2016 • Topaz’s scope is to provide vessels for transporting these modules through the Russian river systems into the Caspian Sea and into Kazakhstan 5

Project Tengiz – Russian Water System and Caspian Transhipment hub Kuryk(Load Port) Prorva(Discharge Port) TengizOil Field Don River System Volga River System Kazakhstan Transit 6

Vision : ‘To deliver world - class services to an international market’ BUILD OWN CATERING LANDSCAPING CAFES ENERGY … AND CLEANING LAUNDRY WASTE RECEPTION OPERATE MANAGEMENT MORE MANAGEMENT 7

Renaissance – Unique service offering at world class standards IFM Renaissance Renaissance Contract Villages Duqm Village services • Build, own and operate • Building on our • • Catering New state of the art model contract services • Cleaning accommodation facility • experience • World class living facilities Laundry • Over 16,000 beds ~ 3,710 • for large groups of • Security Turnkey solutions rooms ~ 192,480 square • contractors at affordable Waste • meters Reducing costs for costs management client’s non core • Best value for money • Fully serviced: catering, services proposition for occupants cleaning, medical, • No margins on • recreation and more. Oman leading the world in margins through • Higher standards at lower caring for workforces minimal outsourcing costs through economy of competitively scale We create strategic partnerships with our clients and offer exceptional solutions for all their facility needs, giving them more time to focus on their business 8

Renaissance Duqm Village – Largest PAC in Oman Renaissance Duqm Village fulfils SEZAD’s and Oman’s vision in demonstrating how to look after workforces well, without compromising competitiveness of projects 9

Our Growth Drivers Resilience within – strong future outlook Strategic contract wins which secure our long State of the art Renaissance Duqm Village commences. Positive contribution expected term future : from 2018 onwards  BP2020 – Order backlog of USD 750m Market leader in Oman with an annual contract revenue of over USD 200 million,  Tengizchevroil project - Order backlog serving for the last 25 years of USD 550M Oman PDO oilfields PACs delivering Largest ever signed single contracts in the sustainable revenue offshore industry Developing new markets in UAE and beyond Our underlying business fundamentals remain intact with an industry leading contract backlog of 10 USD 1.6 billion

Industry Updates 11

Oil Price Outlook  Market consensus show a gradual increase in oil prices from Q2’2017; International Energy Agency projects a 75% increase in oil prices by 2020  In the long-term, oil prices are weighted towards the upside Forecast Years (USD/bbl) 2016 46 66 2017 75 2018 2019 78 85 2020 Source: Bloomberg, *Standard Chartered Bank Research 12

OSV Supply Forecast  Steady decline in OSV supply as new-build activity is expected to remain subdued in the current environment  Out of the 3,503 vessels, approximately 600 vessels (17%) are more than 30 years old and are not viable to return to operations Global AHTS and PSV Fleet Orderbook 200 3 1 4,000 154 3,503 3,000 1,627 2,000 AHTS PSV 1,000 1,876 0 2016 2017 2018 2019 Current Under Construction Fleet 13 Source: Infield Systems and Offshore Merchant Partners AS

Financial Performance 14

Financial Highlights - Group Revenue 2016 2015 OMR 207 m USD m USD m EBITDA USD 538 m Employees Revenue* 538 616 Over 10,000 OMR 70 m USD 182 m EBITDA* 182 213 Renaissance Group Operating profits* 94 127 Asset Base Global Presence Net Profit after tax* (1) 29 15 OMR 0.8 b Countries Equity USD 2.0 b Net Profit/(Loss) (101) (78) OMR 175 m (after one-offs) USD 455 m * Before one-offs Clear focus on operational excellence and financial discipline has helped to tide us over the business cycle and protect value in the company 15

Financial Highlights - Topaz Revenue 2016 2015 OMR 109 m USD m USD m EBITDA USD 282 m Employees Revenue* 282 361 Over 2,000 OMR 56 m USD 146 m EBITDA* 146 177 Operating profits* 70 104 Asset Base Global Presence Net Profit/(Loss) (8) 21 14 OMR 0.5 b after tax* Countries Equity USD 1.4 b * Before one-offs OMR 178 m USD 463 m 16

Financial Highlights - Renaissance Revenue 2016 2015 OMR 98 m USD m USD m EBITDA USD 255 m Employees Revenue* 255 255 Over 8,000 OMR 14 m USD 36 m EBITDA* 36 36 Operating profits* 23 23 Asset Base Global Presence Net Profit after tax* 16 13 OMR 0.2 b 3 Countries Equity USD 0.5 b * Before one-offs OMR 77 m USD 200 m 17

Renaissance Revenue - Segmentation 30% Renaissance Villages (PACs) 47% 70% 53% Contract Services Offering world class integrated service solutions to our clients 18

Group Revenue* Supported by long term secured contracts 250 633 USD Million 621 616 574 225 538 200 175 150 2012 2013 2014 2015 2016 * Before one-offs. Despite challenging times, our business fundamentals remain intact with clear visibility on future revenue growth 19

Group Revenue - Segmentation USD Million 255 47% 283 53% Offering a long term sustainable value proposition to clients 20

Group Revenue – Geographical Segmentation Others Oman 58 213 40% Oman 38% Caspian 12% MENA Caspian MENA 10% Others 205 62 USD Million Geographic focus on the Caspian, MENA and West Africa regions 21

Group EBITDA* Liquidity Position of the Group is well preserved USD Million 234 213 190 187 182 2012 2013 2014 2015 2016 * Before one-offs. Despite the oil crisis, our operational performance has generated sustainable cash flows to meet all our commitments on time Clear focus on maintaining liquidity and improving long term operational efficiencies 22

Group EBITDA - Segmentation USD Million 36 47% 20% 146 53% 80% Underwrites the strength which enables the group companies to meet all their commitments 23

Group Operating Profit* Sustainable profit through operational efficiencies USD Million 156 127 125 119 94 2012 2013 2014 2015 2016 * Before one-offs. Our businesses have worked hard to cut costs in response to the crisis This year, we have passed much of the resulting savings on to our long-term clients in the interest of preserving and developing those vital relationships 24

Group Operating Margins* 45% 35% 35% 28% 29% 27% 25% 25% 15% 12% 10% 10% 9% 9% 5% 2012 2013 2014 2015 2016 Topaz Renaissance * Before one-offs. 25

One – off Charges No impact on our liquidity position 3% USD Million 3 47% Increase in derivative liability 99 53% Provision for impairment of vessels 97% These one-offs are a product of negative sentiment due to oil price crisis 26

Gearing Fiscal Discipline 1.62 1.54 1.49 1.29 1.21 2012 2013 2014 2015 2016 Deleveraging our Balance Sheet is our top priority. USD 88 million repaid in 2016 27

Our Ongoing Investment Programme Planned investments generating long term economic value 319 USD Million 210 164 135 109 2012 2013 2014 2015 2016 We are well placed to get through this low cycle of offshore markets through our capacity for resilience developed over the years 28

Investing for future growth Disciplined investment to fuel growth Term Loans Net Fixed Assets USD Million USD Million 1008 400 974 700 966 1564 1538 917 1483 1306 847 1184 500 300 300 200 100 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 New growth capex are pre-funded by clients with no further leverage in our Balance Sheet 29

Our Strategic Business Network 30

Thank You For more details please visit our website: www.renaissance.om