PUBLIC  EXPOSEPT Wintermar Offshore Marine Tbk

The Bellezza Suites ‐ Jakarta18 May 2017

Agenda

1 Results of the General Meeting of Shareholders2 Corporate Profile3 Business Segments4 2016 Business Highlight and Review5 Industry Outlook and Summary6 Fleet Composition7 Review of Financial Performance 8 Question and Answer Session

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Results of General Meeting of Shareholders

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Agenda 1 Approval of Annual Report of the Company 2016 regarding the BOD Report of the Activities of the Company, Report of Implementation of Supervisory Duty of Board of Commissioners (“BOC”) and the Approval to the Financial Report of the Company for the year ended on 31st of December 2016;

Agenda 2 Appointment of Public Accountant to Audit Financial Report of the Company for Financial Year 2017;

Agenda 3 Determination of Remuneration of members of BOC and BOD for Financial Year 2017;

ANNUAL GENERAL MEETING OF SHAREHOLDERS

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Results of General Meeting of Shareholders

Agenda 1 Approval of Change of the Composition of the BOD and BOC;

Agenda 2 Approval of Issuance of New Shares without Pre-emptive Rights in accordance with provisions in Regulation of Indonesia Financial Services Authority (“OJK”) No. 38/POJK.04/2014 by issuing ordinary shares;

Agenda 3 To grant authority to the BOC of the Company to increase the Issued Capital and Paid Up Capital of the Company and to amend the Articles of Association of the Company through the above Proposal of Issuance of Shares without Pre-emptive Rights.

EXTRAODINARY GENERAL MEETING OF SHAREHOLDERS

Company Profile

• National company working to international standards

•First Indonesian shipping company to obtain certification for Integrated ManagementSystem from Lloyds Register Quality Assurance

• International client base in Asia and Middle East

•Professional and experienced management team

• High Quality clients - multinational oil and gas companies

• Fleet of over 70 offshore vessels *

• Wide range of services – Rig move, Crew change, Emergency rescue, Offshoresupply, diving support, seismic support, accommodation, etc.

• as at 31 Dec 2016

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Business Segments1. Own Vessels Division

• Owner and Operator of a diversified fleet of Offshore Support Vessels, providing marketing, ship management and technical service for our own fleet.

• Includes Joint Ventures with other Ship Owners.

2. Chartering Division• Using third party vessels to support our clients’ needs.

3. Ship Management and other Services• Ship Management for third party ship owners, incorporating crewing,

technical, maintenance, operations, and agency services. • Holder of marketing rights to third party vessels under our management.

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2016 Business Highlight and Review

Expanded to new markets – Middle East and Asia

Reduced installment payments on loans

Warm stacking inactive vessels to reduce cost

Management took quick action to reduce cost and preserve cash flow

Actions taken by Management in 2016

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1) Expand to new markets – Middle East and Asia

2) New Clients in EPIC (Engineering & Procurement etc)

industry

3) Wintermar Integrated Safety Program

4) Cost reduction

• Cold Stacking - laying up older vessels

• Warm stacking groups of non operating vessels to

reduce operating expenses

• Limitations on crew salary expenses

• Limit on new recruitment

INDUSTRY SUMMARY AND PROSPECTS

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Increasing upstream spending in 2017

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Global Upstream E+P spending is projected to rise by 7% in 2017, after 2 consecutive years of sharp declines (-26% and -23% for 2015 and 2016, respectively)

Indonesia’s oil supply is not keeping up with demand

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Improving outlook for world demand and supply balance supports higher oil prices in 2017

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Asia Pacific Upstream expenditure set to bottom and pick up, especially in Deepwater

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20

40

60

80

100

120

140

2014 2015 2016 2017 2018 2019 2020 2021

CAP

EX (U

S$ b

illio

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Conventional LNG Tight/acid gas & heavy oil

Deepwater Unconventional gas Q4 2015

Source: Wood Mackenzie UDT

Deepwater investment bottomed in 2016

Indonesia is underpinned by several development projects in 2017

14The majority of Asia Pacific FID projects in 2016 are in Indonesia.

Asia Pacific projects to FID in 2016

Fields that FID in 2016

Country Breakevens Commercial Reserves (mmboe)

Laverda Australia 58.6 68.0

Tangguh Phase 2 Indonesia 46.8 568.1

KG-DWN-98/2 Fields India 40.0 446.0

Akatara Indonesia 24.2 11.1

B15 Malaysia 21.5 38.2

Source: Wood Mackenzie

*FID = Final Investment Decision

Development projects underpin activity in Indonesia in 2017-18

Sumber : SKK Migas

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Some projects with production targets in the next few years are likely to commence in the coming year

MaselaField (2024)

Tangguh(2017)

IDD (2016)

Djangkrik(2017)

Ande AndeLumut (2018)

Bukit Tua (2016)Madura (2017)

Asia Pacific OSV still plagued by lowutilization rates

16Source: IHS Energy, 2016

Charter rates remain low despite better OSV utilization

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Charter rates expected to stay low in 2017 due to oversupply although utilization will likely recover

Industry Prospects 2017

• OPEC Commitment to reduce supply hasstabilized oil prices

• Increase in upstream activity underpinned bydevelopment projects in Indonesia

• OSV industry still facing oversupply, will take timeto recover

• Indonesian government looking to attract oil andgas investment – gross split scheme

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Fleet Composition

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• Plan to sell more low tier vessels in 2017.• By end 2017, 73% of the fleet expected to comprise of mid to high

tier vessels

Fleet 2010 2011 2012 2013 2014 2015 2016 2017E

Low tier 40  38  32  28  27  25  24  18 Mid tier 17  26  27  36  38  38  38  38 High tier 2  3  5  7  12  12  12  12 Total 59  67  64  71  77  75  74  68 

REVIEW OF FINANCIAL PERFORMANCE

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5 Years Review

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5 Years Review

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Results 1Q - 2017

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1) Revenue for Owned Vessels fell 39%YOY to US$13.1mil – laggedeffect of depressed oil prices in 2016

2) Utilization rate of fleet fell to 49% reflecting lack of tenders in2016, price competition resulted in lower charter rates

3) Loss of US$1.1million at Gross profit level, reduced from a lossof US$1.5million in 4Q2016, margins improved from-13% to -11%

4) Net Gearing fell to 49% as at end March 2017 compared to 57%and 50% as at end 2015 and end 2016

5) Contracts on hand has been on the rise, as at end MarchUSD104million

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Review 1Q - 2017

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Review 1Q - 2017

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Review 1Q - 2017

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Growth of Value of Contracts on Hand under Wintermar Group

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Clients

DisclaimerCertain statements made in this presentation involve a number of risks and uncertainties that could cause actual results to differ materially from thoseprojected. Certain statements relating to business and operations of PT Wintermar Offshore Marine Tbk and Subsidiaries (the Company) are based onmanagement’s expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertaintiesand assumptions that are difficult to predict. Certain statements are based upon assumptions as to future events that may not prove to be accurate.Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements. The Company makes nocommitment, and disclaims any duty, to update or revise any of these statements. This presentation is for informational purposes only and is notintended as a solicitation or offering of securities in any jurisdiction. The information contained in this presentation is not intended to qualify, supplementor amend information disclosed under corporate and securities legislation of any jurisdiction applicable to the Company and should not be relied uponfor the purpose of making investment decisions concerning any securities of the Company.

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Q & A Session

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Thank you