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Subsea South-East Networking Event
22 September 2016Bleeding Heart Restaurant
OVERVIEW
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ABOUT US
• World-class provider of the technologies and services that connect the global energy market
• Through specialist engineering teams, experienced project management and innovative designs, JDR provides optimally configured products, enabling the transmission of power and control across the seabed
Subsea control & power umbilicals
MV/HV power cables
IWOC Systems
Engineered equipment
Product and installation services
Engineering services
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EXECUTIVE MANAGEMENT TEAM
DAVID CURRIE
Chief Executive Officer
� Joined as CEO in 2015
� +30 years of global energy experience
� Previously held senior positions in Aker Solutions and FMC
RICHARD TURNER
Chief Operating Officer
� Joined JDR in 2014
� Previously with Technip/DUCO and construction equipment companies Komatsu and Terex
JAMES YOUNG
Chief Technology Officer
� Joined in 2000 as senior design engineer and appointed CTO in 2016
� Previously with BICC and Dowty
IVAN COYARD
Chief Financial Officer
� Joined as CFO 2015
� +25 years of energy finance experience
� Previously with Reef Subsea, Acergy & Technip
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OUR MARKETS
Oil & gas
Global offshore subsea intervention, production and control/processing installations.
Renewables
Inter-array and export MV/HV power cables for offshore wind, wave and tidal energy projects.
Product and Installation Services
Offshore product services for the renewable and oil & gas markets. We support customers from project installation through commissioning and life of asset.
Increasing
technology overlap
Interconnectors
Subsea power transmission cables to connect international and local electric grid networks.
PRODUCTS AND SERVICES
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KEY PRODUCTS: OIL & GAS
IWOCS Subsea Power CablesSteel Tubing UmbilicalsSubsea Production
Umbilicals
Up to 15,000 psi and 3000m WD
200+ field proven
75+ qualified umbilical designs
Umbilical & reeler system
Patented self-supporting umbilicals
Low methanol permeation & reduced cost hose range
Low cross-talk
Low-attenuation communication cables
Field proven armouring & sheathing
20+ ISO qualified designs
Qualified steel tube / thermoplastic hybrid
Corrosion resistance
Super duplex tubing
Large pay-off capacity
Large-bore centre tube option available
Supported by renewable products
Armouring, sheathing & termination options
Long-length multi-core ESP cables
Subsea power units, hubs and boxes
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KEY PRODUCTS: RENEWABLES
Export CablesInter-array Cables
UNDER
DEVELOPMENT
Best in class water-blocking
36 & 72 kV wet-design coilable cables approved by CIGRE & IEC
36 & 72 kV factory flexible joints compliant to Statoil TR3127
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PRODUCT AND INSTALLATION SERVICES
Supports customers from project installation through commissioning and the life of an asset:
• Global network of qualified technicians
• 24/7 service support team
• Services available on JDR and non-JDR products
• Global network of service & refurbishment facilities
Services & Support
FACILITIES
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GLOBAL
OPERATIONS Over 500 employees around the globe. We stand ready, 24/7, to innovate and assist your subsea projects
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INTERNATIONAL FACILITIES
Strategically located manufacturing, service and R&D facilities
HARTLEPOOL, UKLong length, large diameter subsea cables & umbilicals
LITTLEPORT, UKIWOC Centre of Excellence
HOUSTON, TXProduct and installation services
and IWOC assembly/services
MACAÉ, BRAZILProduct and installation services
and IWOC assembly/services
CAMBRIDGE, UKR&D, Design, Engineering
Analysis & Automation
SINGAPOREProduct and installation services
and IWOC assembly/services
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HARTLEPOOL: MANUFACTURING FACILITY
Manufacturing established in 2009
Specialist engineering design and project management teams
Latest in subsea umbilical and cable production technology
12 meter deep-water quayside with heavy lift capability
Direct access to the North Sea shipping lanes
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HARTLEPOOL: CENTRE OF EXCELLENCE IN CABLE MANUFACTURING
Customer Rep OfficesProduction / HSEProduction Meeting Rooms
Customer ReceptionJDR Office FacilityJDR Training Centre
VLM HLM
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LITTLEPORT MANUFACTURING FACILITY
• Centre of excellence for hose and cable manufacturing
• Bespoke equipment for IWOCS umbilical production:
• Vertical Helical Lay-up
• Horizontal Helical Lay-up
• SZ Lay-up
• Armouring
• Sheathing up to 180mm Ø
• 120 Tonne Load-out
MARKET
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OFFSHORE WIND: RAPIDLY GLOBALISING MARKET
UK
Largest offshore wind market
Established Market
Gaining Traction
Significant
Opportunities
Germany
Established industry
US
Growing opportunities across the eastern
seaboard
China
Significant government targets set
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OFFSHORE WIND IS SHOWING MAJOR GROWTH
• Renewable energy is growing in importance as operators and utilities look to diversify their energy portfolio out-with traditional oil & gas, andgovernments strive to deliver alternative clean energy solutions.
• Offshore wind in particular is emerging as the leading solution worldwide, with 2015 being a record breaking year for the industry as newcapacity additions totalled 4.1 gigawatts (GW), bringing the total installed capacity to 12.94GW worldwide.
- The global market is currently led by Europe which added 3GW of new offshore wind capacity in 2015; reaching a cumulative installed capacity of over 11GW.
- By the end of 2015, China had an installed capacity of over 1GW, making it the largest market in Asia and 4th largest globally. Chinese activity is expected to pick up considerably from 2016 onwards, with forecasts estimating an installed capacity of over 10GW by 2020.
• Increased offshore wind activity is expected globally, with the US expected to deliver its first commercial project by the end of 2016.
Source: Bloomberg New Energy Finance, 4C Offshore
Support For Offshore Wind Global Offshore Wind Installation Forecast 2015-2020 (GW)
Emissions Policy & Subsidy
Displacement Of Aging Thermal
Generation
No Pollutant Legacy
Increased Power Output (Over Land
Based Units)
4.1
1.8
4.65.6
6.5
10.2
12.113.9
18.524.1
30.6
40.8
0
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2015 2016 2017 2018 2019 2020United Kingdom Netherlands Germany FranceDenmark China Other Cumulative Capacity
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INSTALLED CAPACITY
• The total installed capacity as at August 2016 stands at 13.53GW worldwide, with a further 4.32GW of wind power capacity under construction.
• Whilst Denmark, Belgium and the Netherlands hold a significant market share, China, Germany and the United Kingdom are considered themarket leaders due to their large project pipelines, supported by government commitments and legislation.
• Strong support from the German government has ensured a steady stream of projects have reached the construction phase, but the UK hasbeen the global market leader since 2009.
Location Installed Capacity (MW)
United Kingdom 5,128
Germany 3,867
Denmark 1,271
China 1,187
Netherlands 920Belgium 712
Sweden 202
Vietnam 99
Japan 80
Finland 32
Ireland 25
South Korea 5
Norway 2
Global Installed Capacity By Country
United Kingdom38%
Germany29%
Denmark9%
China9%
Netherlands7%
Belgium5%
Other3%
Source: 4C Offshore Wind Report
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LEADING GLOBAL CUSTOMER BASE
Renewables / Utilities Oil & Gas Operators Service Companies & Contractors
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UNIQUE MARKET POSITION
• Major oil & gas companies are driving new investment in offshore wind.
Oil & Gas Renewables
UKEF SUPPORT
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HOW UKEF HAS BEEN SUPPORTING JDR - BONDING
• A large majority of our revenues are achieved on the export market;
• Most Oil & Gas and Renewable clients ask for :- Advance Payment Bonds- Performance Bonds- Warranty Bonds
• UKEF has been a key partner over the past years in underwriting some of the Bonding risks;
• The Commercial bank remains in front of client but risk is mitigated;
• JDR growth would not have been as steep without the UKEF Support.
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HOW UKEF HAS BEEN SUPPORTING JDR – CLIENT FUNDING
• While European wind farm developers would usually not require financing, offering an export financing can make a difference for the O&G market;
• Support for 2 years+ finance terms through the Buyer Credit/Direct Lending Facilities offered by UKEF can make a difference on our tenders:
- We are paid as though we have a cash contract- The buyer or borrower has time to pay over a number of years and can borrow at fixed or floating rates- Either a lending bank receives a guarantee from UKEF for full repayment of the loan to the borrower plus interest or in some circumstances UKEF can provide the loan itself
• Advantage for our client but also for JDR – credit risk.
SUMMARY
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SUMMARY
UKEF is a key partner to secure export contracts:
• Good reactivity;
• Strong network;
• Main focus is the support for bonds to our clients;
• Financing becoming key to our clients;
• Allows SME to diversify funding – help banks with ‘smaller’ balance
sheet.
UNITED KINGDOM | UNITED STATES | WEST AFRICA | SINGAPORE | GERMANY | BRAZIL
Thank you
WWW.JDRCABLES.COM