Seatrium : Presentation by CEO at 61st AGM

DISCLAIMER

The material in this Presentation has been prepared by Seatrium Limited and contains general background information about the Company's activities as at the date of this Presentation. No representation, warranty, or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein.

The Presentation may contain forward-looking statements. These statements are not statements of historical fact and reflect the Company's intent, belief, or current expectations with respect to its future businesses and operations. Forward-looking statements are not guarantees of future performances and actual results may differ materially from those made in or suggested by the forward-looking statements contained in this Presentation. In addition, even if the performances and results are consistent with the forward-looking statements contained in this Presentation, those results or developments may not be indicative of performances and results in subsequent periods.

Readers are cautioned not to place undue reliance on these forward-looking statements. The Company does not represent or warrant that their actual future performance and results will be as contained in the Presentation. Further, the Company disclaims any responsibility, and undertakes no obligation to update or revise any forward-looking statements contained in this Presentation to reflect any change in their expectations with respect to such statements or information after the date of this Presentation to reflect any change in events, conditions, or circumstances on which the Company based any such statements. Factors that could cause the change in the statements or information include but not limited to wars, supply chain disruptions, climate change, general industry and economic conditions, interest rate trends, exchange rate movement, cost of capital and capital availability, competition, regulatory, governmental and public policy changes.

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28 FEBRUARY 2023: A TRANSFORMATIVE COMBINATION

Synergies from combined competencies and capabilities

Enhanced competitiveness, i.e. greater scale and cost efficiencies

Stronger operational and financial position

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FY2023 KEY ACHIEVEMENTS

INTEGRATED AS ONE SEATRIUM

• Implemented One Seatrium Delivery Model enabling global, end-to-end project execution
• Integrated people, processes and systems
• Identified S$300 million of annualised synergies & savings, S$200 million in procurement savings; On track to realise more savings

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Note: 1. FY2023 and YTD 2024; 2. Do not include orders from Repairs and Upgrades business; 3. Includes new loans, refinancing and trade financing

Note: 1. Excludes exceptional items comprising write-downs, provisions for contracts, legal and corporate claims, and merger expenses

STRONGER BALANCE SHEET

Transformed balance sheet to "Net Current Asset" position

Recalibrated debt with average loan maturity extended by c. 2 years to beyond 2025

Improved liquidity with undrawn facilities of c. S$2 billion

Improved net leverage1 to 3.2x

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Note: 1. Net leverage is defined as net debt divided by EBITDA

OUR STRATEGY:

To build a profitable and resilient business

S$0.5 trillion opportunity in the next 5 years1

Note: 1. Based on internal estimates and 3rd party research

ONE SEATRIUM DELIVERY MODEL:

Coordinated global network to deliver increasingly complex products

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ESG:

Operate under highest standards, embed sustainability as a business opportunity

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Note: 1. Reduction from 2008 baseline; 2. Lost Time Incident Rate

BY 2028, WE TARGET TO CONSISTENTLYACHIEVE …

… VERSUS FY23

> 4x

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