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