Annual report 2019

132

2018 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% - 49% 100% 100% 100% 100%

2019 100%

COMPANY

CITY

COUNTRY

Stemat Support Services B.V.

Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht

The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands

Talisman B.V. Target B.V. Treasure B.V. Triumph B.V. Trustee B.V.

-

100%

-

100% 100% 100% 100%

VBMS Holding B.V. White Marlin B.V.

Dockwise Transport N.V.

Curacao

Curacao

-

Boskalis Offshore Belgium N.V. (formerly Unie van Redding- en Sleepdienst N.V.)

Antwerp Antwerp Antwerp Overijse Hamburg

Belgium Belgium Belgium Belgium Germany Germany Germany Germany

100%

Boskalis Offshore Marine Services N.V. Boskalis Offshore Transport Services N.V. Dredging & Contracting Belgium N.V.

-

100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Boskalis Offshore GmbH

Boskalis Offshore International GmbH Boskalis Offshore Subops GmbH

Wilhelmshaven Wilhelmshaven Wilhelmshaven

VBMS GmbH

Boskalis Offshore Limited

Hoddesdon Hoddesdon

United Kingdom United Kingdom United Kingdom United Kingdom

Boskalis Subsea Limited (formerly VBMS (UK) Limited)

Gardline Limited

Great Yarmouth Great Yarmouth

Gardline Shipping Limited

VBMS ApS

Copenhagen

Denmark Norway

Boskalis Offshore AS

Stavanger

Boskalis Offshore Subsea Contracting Azerbaijan LLC Boskalis Offshore Contracting El Salvador S.A. de C.V. Boskalis Offshore Subsea Services (Middle East) L.L.C.* Boskalis Offshore Singapore Pte. Ltd. (formerly Smit Tak Heavy Lift (S) Pte. Ltd.)

Baku

Azerbaijan El Salvador

San Salvador

Dubai

United Arab Emirates

49%

Singapore Singapore Singapore Singapore

Singapore Singapore Singapore Singapore

100% 100% 100% 100%

Smit Holding Singapore Pte. Ltd. Smit Shipping Singapore Pte. Ltd.

Smit Singapore Pte. Ltd.

TOWAGE & SALVAGE SMIT Salvage B.V.

Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Singapore Cape Town Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Houston

The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands

100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

ANNUAL REPORT 2019 – BOSKALIS FINANCIAL STATEMENTS 2019 L 9 -- BOSKALIS FINANCIAL STATEMENTS 2019 Smit Towage Brasil B.V. Smit Towage Europe B.V. Smit Towage Holding B.V. Smit Towage Mexico B.V. Smit Towage Terminals B.V. Smit Salvage Pte. Ltd. Smit Marine South Africa (Pty) Ltd. Smit Salvage Americas, LLC HOLDING & ELIMINATIONS Baggermaatschappij Boskalis B.V. Boskalis Finance B.V. Boskalis Holding B.V. Boskalis Westminster Dredging B.V. Smit Internationale Beheer B.V. Smit Internationale N.V. Smit International Overseas B.V. Smit Nederland B.V. Smit Vessel Management Services B.V. Boskalis Germany Holding GmbH UAB "Boskalis Baltic" B.K.W. Dredging & Contracting Limited Boskalis Westminster Dredging Limited

Singapore South Africa United States

The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands

Boskalis Marine Infrastructure Investments B.V.

-

Hamburg Klaipeda Nicosia Limassol

Germany Lithuania

Cyprus Cyprus

* The Group holds a legal interest of 50% or less in these entities, but has the majority of voting power. As a consequence, the Group consolidates these subsidiaries in accordance with the principles of financial reporting set out in paragraph 3.

OTHER RELATED PARTIES Joint ventures and associates The main active joint ventures and associates are mentioned in note 17.