Grønne skip og grønn skipsfart i en grønn fremtid Roy Wareberg CEO

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1 Grønne skip og grønn skipsfart i en grønn fremtid Roy Wareberg CEO

2 Disclaimer This presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Such forward-looking information and statements are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for Atlantic Offshore ( the Company ) and its subsidiaries. These expectations, estimates and projections are generally identifiable by statements containing words such as "expects", "believes", "estimates" or similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for the Atlantic Offshore businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time. Although the Company believes that its expectations and the information in this Presentation were based upon reasonable assumptions at the time when they were made, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in this Presentation. Neither the Company nor any other company within the group is making any representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the information in the Presentation, nor will they have any liability to you or any other persons resulting from your use of the information in the Presentation. The Company undertakes no obligation to publicly update or revise any forward-looking information or statements in the Presentation. There may have been changes in matters which affect the Company subsequent to the date of this presentation. Neither the issue nor delivery of this presentation shall under any circumstance create any implication that the information contained herein is correct as of any time subsequent to the date hereof or that the affairs of the Company has not since changed, and the Company does not intend, and does not assume any obligation, to update or correct any information included in this presentation. The contents of this presentation are not to be construed as legal, business, investment or tax advice. Each recipient should consult with its own legal, business, investment and tax adviser as to legal, business, investment and tax advice. This presentation is subject to Norwegian law, and any dispute arising in respect of this presentation is subject to the exclusive jurisdiction of the Norwegian courts.

3 650 seafarers 26 people in the Sotra office Key Facts 16 people in the Aberdeen office Strong new building team Ownership in 24 vessels including 1 new buildings under construction Largest Norwegian ERRV operator

4 Operational Focus Fully integrated technical and commercial management operation both at Sotra and in Aberdeen QHSE focus at all levels Advanced competence matrix, integrated in HR program 400 crewmembers trained for rescue operations Fleet specification provides the customer with flexibility Atlantic Academy, both own and external courses ISO 9001 and certified

5 Strategic Positioning ERRV PSV AHTS CSV Atlantic Offshore Excellent customer relationships Long term contracts with leading energy companies Dedicated operator MRV/PSV with focus on safety Focus on flexible and innovative solutions

6 Investors view Modern ships - NCS driver for lower emission/lower fuel consumption - Tenders may ask for emission/fuel consumption guarantee - New alternative solutions moves other traditional solutions in the right directions - Solutions depend on the scope of work - Solutions depend on regional possibilities for service, fuel and maintenance - Long term investment, 30 years perspective

7 Ocean Star/Art : Vessel development OSV segment Comfort Class V2 best for PSV vessels High quality interior/furniture Lower cargo rail better view for the crane operator Safe fastening system on deck Safe hose operation system Prepared for onshore power supply All engines equipped with SCR system (exhaust cleaning) Entire vessel with LED lights (low energy)

8 Emission development OSV Name year emission fuel development Ocean King 84 60,0kg/1000 kg 100 Ocean King (low nox) 08 45,0kg/1000kg 100 Ocean Response 12 3,8kg/1000kg 60 Ocean Star/Art 14 1,9kg/1000kg 50

9 Ocean Star/Art : Experience so far OSV segment Lower emission than expected Fuel consumption in line with expectation Excellent station keeping capabilities Good sea keeping capabilities Low noise, the crew is satisfied Efficient deck handling

10 Thank you!

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