Company Overview and Client Presentation...2020/06/23 · Company Overview and Client Presentation Author Jessi Stroud Created Date 6/18/2020 2:42:32 PM

Cl ient Presentat ion | Q2 2020

© 2020 Quest Floating Wind Energy, LLC

Company Overview

and Client Presentation

© 2020 Quest Floating Wind Energy, LLCQ 2 2 0 2 0

Our Industry Is Evolv ing to Encompass Susta inable Energy

Quest’s DNA

Ques t Of fsho re ’ s Evo lu t i on – Decades o f Empower ing Our C l i en t s w i th

Cla r i t y, I ns i gh t and V i s i on .

Energy

Oil & Gas Renewables

Deepwater Data

Finance

Quest Offshore

BuySide

SellSide

Twenty-years of expertise in predictive analytics, technical market analysis and the

development of offshore floating projects provides us with the means and the network

to offer critical insight on the Offshore Wind industry going forward.

2

Sold Quest’s Data Division to

*

*

Offshore Wind

Project Benchmarking

CapEx and LCoEModeling

Data Analytics

Expert Technical

Competence

Rigorous Qualitative & Quantitative

Research

Thought Leadership

M&A Advisory and Market Evaluation

Primary Research


Who We Are

About Us

Expert knowledge of the entire Energy Value Chain. Quest has

decades of experience empowering our clients with Clarity,

Insight and Vision.

Mission

We actively develop strategic relationships with management

teams of prospective clients initiating with major power

developers and leading designers to tier-one and tier-two global

supply chain companies and across the financial sector.

Market Focus

Quest provides strategic advisory and consulting to end-clients

within the Energy and Financial sectors.

Quest serves the entire global supply chain for offshore wind

and possesses expert knowledge across multiple focused

technical areas.

Products and Subscription Services

Quest Offshore Wind Turbine Index - QOWTI analyzes key

economics indicators and provides an overview of supply chain

opportunities by segment plus benchmarking of key metrics

and CapEx trends

Q Vision - Robust Suite of Data Analytics and Market Analysis

Project Data - the Offshore Turbine Locator details sales opportunities, timelines and key project specifics in Excel

Consulting - Supporting clients with strategic data-driven decisions. Primary research, project benchmarking, CapEx & LCoE modeling and supply chain analysis


Q FWE Consul t ing Advisory

Suppor t i ng C l i en t s w i th S t r a teg i c Da ta -D r i ven Dec i s i ons

S u p p l y C h a i n A n a l y s i s

P r i m a r y R e s e a r c h

M & A A d v i s o r y

C l i e n t D i r e c t e d I n q u i r i e s

➢ Project benchmarking, CapEx & LCoE modeling

➢ Expert and technical market analysis utilizing a

bottoms-up / top-down approach

➢ Rigorous quantitative and qualitative research

➢ M&A advisory and market evaluation

➢ Actively develop and assist clients in sourcing niche

financing alternatives

➢ Market reviews, sizing and demand modeling

➢ First source referencing (Market/Client/Customer)

Q FWE delivers highly focused market intelligence

tools, products and services to the entirety of the

Renewables Supply Chain related to Offshore

(Fixed and Floating) wind.

Benchmarking study and

market review on the

adaption rate of new

subsea technology

applications amongst their

peers.

Super MajorIndependent

Oil & Gas Operator

Supported

in a Benchmarking and

Costing exercise in their

phased funding of Beacon

Offshore Energy

M&A Advisory and Due

Diligence Support to

during their Exclusive

Rights period

Investment Bank


Diligence Support on the

Acquisition by

Investment Bank


Diligence Support on the

Acquisition by

Investment Bank

International Oilfield

Services Company

Due diligence to support

Refinancing for the

Acquisition of DSV’s from

Technip

M&A Advisory Target

identification and scoping

study of specialty Brazilian

machine shops in support of

their steel tubulars business.

Composites Study -

Technology Applications

Strategy

Industrial Conglomerate

Business Advisory for

Procurement Strategy

Benchmarking Analysis

across SURF and

Development of Marine

Construction Costing

Model

Super Majors

Representative Projects


Of fsho re W ind

Deve lopers /Owners

S a m p l i n g o f A c t i v e P l a y e r s

Ent rance o f Lead ing P laye rs

f rom O i l & Gas Sec to r

Tri-Floater

HexafloatPPI

WindFloat

Gen 2

GVA

10MW -

Floating

Wind

SemiSBM WindFloater

TetraSparDamping Pool

Hexicon

Gen 2

Key Supp ly

Cha in Par t i c ipan ts

Sea Reed


- Robust Analyt ics and Market Analys is

Q Vision is our proprietary Business Analytics’ tool delivering real-time data and analysis giving you a competitive advantage to win Fixed and

Floating Offshore Wind Energy projects. This Microsoft Power BI tool allows for dynamic analysis of relationships across markets and

technologies; robust benchmarking as well as an enhanced understanding of project economics including LCoE. Our Subscription Products

provide timely and actionable, strategic market information. The Q Vision database subscription includes an Excel data download containing

over 120 attributes.

Please call

+1 (832) 862-3390

for “Enterprise-

light” and

“Enterprise-plus”

licensing options

An example of Quest’s LCoE

Modeling capabilities are

illustrated in this scatter plot

chart for 160 Fixed and 43

Floating Wind Projects.

This Power BI scatter plot

chart and regression analysis

demonstrate modeled LCoE

values allowing comparisons

between projects already built

and those planned in the

future.

Also shown are the relationships between select pre-commercial and

commercial projects.

“Single-User” Net

Annual Subscription

Fee of

$1,995(discounted from

$3,995 MSRP)


Of fshore W ind Turb ine Supply Cha in

Oppor tun i t ies , Cont rac t Awards and Open Demand

The Q Vision Module Offshore Wind Turbine Supply Chain Opportunities, Contract Awards and Open Demand (SCO) contains project details

on Fixed and Floating wind globally. Analysis is focused on Contract Award Opportunities by Award Date covering the known universe of Under

Development, Planned and Possible projects.

Please call +1 (832) 862-3390 for “Enterprise-light”

and “Enterprise-plus” licensing options

• Market Overview of the Forecast Contracts Awards Opportunities over the next 3-

to-4-years. Contains details of pertinent Volumes and contract awards in CapEx

by major segment.

• Project details by Supply Chain Segment for Turbines, Substructures, Subsea

Power Cables, Mooring Systems Hardware, and related Installation activities.

• The main filter page contains filters for Status, Region, Fixed or Floating, Supply

Chain Category, Project Name, Contractor, Contract Award Year and time

Horizon. Includes backing data in tabular format and an MS Excel download.

• Once parameters have been set, the user can view a data table of all

projects contained in the results through the Full Project Data lens.

• Including KM of Export and Array Cables, Meters of Mooring line, Number of

Mooring lines, Number of Anchors, Tons of Steel or Concrete, etc.

• Real-time access via weblink.

• User-friendly client interface with continually updated data feeds.

• Full Excel Data download of 70-plus data attributes.

• Excel Data Download capability delivers monthly updated data streams

accessed via secure client profile.

“Single-User” Net Annual

Subscription Fee of $2,495(discounted from

$4,995 MSRP)


- Of fshore Turbine Locator

The Offshore Turbine Locator tracks both Bottom-Fixed and Floating Offshore Wind Projects by total MW bubble size on a world map, cumulative total MW to 2033 and

beyond, and cumulative Total MW by country. Each page has filters for Status, Region, Fixed or Floating, Development Type and Startup Year range. Includes backing data

in tabular format on Page 9 and an MS Excel download.

Offshore Turbine Locator Excel Database

Subscribers have 24/7 access to the complete universe of

projects in MS Excel. This unrestricted Excel spreadsheet

allows subscribers to access data, build tables, as well as

export into any system supporting Excel.

Data Fields Include:

• Project Name

• FixedOrFloat

• Country

• Region

• DevType

• OnlineYear

• Lifetime

• DecomYear

• Status

• Phase

• FirstContractAwarded

• StatusNotesExternal

• Developer

• Class

• Location

• LocAvgWD

• DistanceToShore

• ProjectWebsite

• TotalMW

• TotalUnits

• TurbineMfr

• TurbineModel

• MW

• TotalSubstrWtEst

• FTUheight

• HubHeight

• RotorDia

• Designer

• DesignName

• HullShape

• SteelOrConcrete

• SubstructureWeight

• PilesWeight

• FloaterLng

• FloaterWidth

• FloaterHeight

• Draft

• Engr_Contractor

• MoorSystem

• MoorLinesPerUnit

• MoorTotalLines

• MoorDesigner

• AnchorMfr

• AnchorType

• Moor_Contractor

• ExportLng

• ArrayTotalLng

• SubstYesNo

• Export_Mfr

• Array_Mfr

Annual Subscription Includes

Offshore Turbine Locator Power BI Modules:

Subscribers may wish to utilize our custom created

Microsoft PowerBi visualization modules. With a few clicks

of options users can create maps, charts and tables that

analyze future installation year, MW capacity, developers,

plus much more. Click the demo below to see how

PowerBI puts the power of data visualization in your

hands.

• Offshore Turbine Locator Total Units Map

• Designer – Developer

• Total Turbine Units Installed by Year

• Total Units by Project Name

• Offshore Wind Total MW Map

• Cumulative Offshore Wind Total MW by Status

• Cumulative Offshore Wind Total MW by Country

• Offshore Wind Total MW by Region

• Data Table

$995

Please call +1 (832) 862-3390 for

“Enterprise-light” and “Enterprise-plus”

licensing options

“Single-User” Net Annual

Subscription Fee of


Quest Of fshore Wind Turbine Index - May 2020

Source: Q FWE (QOWTI)

QOWTI spots important Leading Indicators

such as average rotor diameter, average

distance to shore, average MW per unit,

and benchmarking of key metrics.

Quest Offshore Wind Turbine Index

(QOWTI) analyzes key Economic Indicators

and provides an overview of Supply Chain

opportunities by segment.

What are my supply chain opportunities?

CapExTotal No.

Projects

Total No.

TurbinesTotal MW

Offshore Wind

Turbine IndexMay 2020 p

rojects

this m

onth

last m

onth

chan

ge

this m

onth

last m

onth

chan

ge

this m

onth

last m

onth

chan

ge

GLOBALtotal total total total total MW total MW total MW total $mil total $mil total $mil

Global Total 257 14,348 14,525 -177 126,959 128,263 -1,304 $400,908 $403,731 -$2,823

Global Fixed 193 12,248 12,422 -174 107,046 108,336 -1,290 $332,435 $336,396 -$3,961

Global Floating 64 2,100 2,103 -3 19,913 19,927 -14 $68,473 $67,335 $1,138

Supply Chain IndicatorsEconomic Indicators Leading Industry

Indicators

CapEx/

unit

CapEx/

MW

subs

tructure

Cap

Ex

turb

ine C

apEx

moor

ing Cap

Ex

inst

allat

ion Cap

Ex

cabling C

apEx

othe

r Cap

Ex

roto

r diam

eter

MW

/uni

t

distanc

e to

shor

e

water

dep

th

pro

ject size

(units

)

moo

ring lin

e len

gth

anc

hors

arra

y km

exp

ort k

m

avg $mil avg $mil total $mil total $mil total $mil total $mil total $mil total $mil avg m avg avg km avg m avg total m total total km total km

$27.9 $3.3 $90,994 $174,766 $8,902 $31,684 $56,346 $38,217 172.4 8.7 37.7 102.7 57.6 6,620,140 8,081 19,548 6,328

$27.1 $3.3 $76,489 $146,302 - $29,925 $47,766 $31,953 176.2 8.9 37.1 30.1 65.7 - - 15,180 4,832

$32.6 $3.5 $14,505 $28,464 $8,902 $1,759 $8,580 $6,263 157.5 8.1 40.4 458.8 35.9 6,620,140 8,081 4,369 1,497


Offshore Wind Project CapEx - Out look to 2033

F i xed and F loa t i ng by Segmen t

Source: Q FWE Power BI


Offshore Wind Project CapEx - Out look to 2033


F i xed F loa t i ng

0

1,000

2,000

3,000

4,000

5,000

6,000

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

No

. U

nits

Cap

Ex

(M

illio

n U

SD

)

Fixed Units

0

200

400

600

800

1,000

1,200

1,400

1,600

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

No

. U

nits

Cap

Ex

(M

illio

n U

SD

)

Floating Units


Cumulat ive F loat ing Of fshore Wind

Data Source: Q VIsion

34%

47%

19%

Floating No. Projects - 62

Asia/Pacific

Europe

Americas

52%

24%

24%

Floating No. Units - 2,641

Asia/Pacific

Europe

Americas

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

0

5,000

10,000

15,000

20,000

25,000

2018 2021 2024 2027 2030 2033

Cu

mu

lativ

e C

ap

Ex

(M

illio

n U

SD

)

Cu

mu

lativ

e M

W

Online Year

Cumulative Floating Offshore Wind

Europe Asia/Pacific Americas Total CapEx


High l igh ts o f Key F loa t ing P ro jec t Oppor tun i t i esS u p p l y

C h a i n

By Reg ion 2020 -2 0 3 3


Fixed Of fshore Wind Act iv i ty by Project in CapEx

Source: Q Vision

Nor th Eu rope by P ro jec t S i ze

Dogger Bank

All 3 Phases

Renewables UK Limited



Q Vis ion Methodology - Bottom Up Approach

Our P rop r i e ta r y CapEx /LCoE Mode l Bu i ld i ng B locks

High-Level Project Details

Supply Chain Segment Analysis

Contact Us

Quest o t er

Quest Offshore esour es o

Quest F loa t ing W ind Energy, LLC

H o u s t o n | A m s t e r d a m | R i o d e J a n e i r o | N e w Yo r k

7 7 S u g a r C r e e k C e n t e r B l v d . | S u i t e 3 1 0 | S u g a r L a n d | Te x a s | 7 7 4 7 8 | U . S . A .

c o r p @ Q u e s t F W E . c o m

Paul Hillegeist, President and Director

[email protected]

+1 832 862 3390

Erik Rijkers, Director - Market Development & Strategy

[email protected]

+31 6 53350555

Documents

Company Overview and Client Presentation...2020/06/23 · Company Overview and Client Presentation Author Jessi Stroud Created Date 6/18/2020 2:42:32 PM