Creating New Horizons Offshore

CREATING NEW HORIZONS OFFSHORE

CREATING NEW HORIZONS

Royal Boskalis Westminster is a leading global marine contractor and services provider. With safety as our core value, we offer a wide variety of specialist activities to the oil & gas and renewables sectors. We have a wealth of experience and rich history stretching back more than 100 years and boast a solid financial position with a robust balance sheet. In addition, Boskalis is a global dredging contractor, provides towage and terminal services across the globe and delivers marine salvage solutions. The company has been publicly listed on the Euronext Amsterdam stock exchange for nearly 50 years. Today we offer a truly unique combination of 10,700 experts, 900 specialized vessels and an unprecedented breadth of activities in 90 countries across six continents. With these dedicated professionals, own equipment and specialist activities we create New Horizons for our clients.

unique With an unparalleled range of specialist contracting activities Boskalis is unique in the industry. These activities include marine installation, seabed intervention, marine transport and services, subsea services and marine survey. By understanding what drives our clients we are able to provide the solutions that enable them to meet their specific business goals. For this reason we are constantly looking for new ways to broaden and optimize our offering and are committed to expanding our proposition, supported by our financial strength. With our versatile vessels and our committed professionals in engineering, project management and operations we help

our clients in the offshore industry push boundaries and create new horizons.

“OFFERING AN UNPARALLELED RANGE OF SPECIALIST CONTRACTING ACTIVITIES”

safe AND SUSTAINABLE With safety as our core value we have developed a strict safety culture without any compromise. Our commitment is an incident-free work environment. Therefore Boskalis created the NINA safety program. NINA (No Injuries No Accidents) sets clear values and rules, which explain what we expect from our people with regard to their safety behavior. NINA makes people aware of their own responsibility regarding safety and encourages them to take action if operations are unsafe and approach others if they are at risk. NINA is embedded in our organizational systems and managed by leading indicators. Boskalis is known for its dedication to the environment. Wherever possible, we work to mitigate environmental concerns. We are one of the frontrunners in testing the use of sustainable marine biofuels on our vessels to lower our carbon footprint. Furthermore, with our ‘Building with Nature’ initiative we encourage stakeholders to join forces to research, understand and reduce the impact of offshore and marine operations on the environment.

“Our commitment is AN incident-free work environment”

FOCUS INVESTING IN ‘THE OPTIMUM’ NOT ‘THE ULTIMATE’

Our contracting philosophy is also characteristic of our growth ambition in the offshore energy market: we focus on being a marine expert with our own fleet of purpose-built vessels and equipment offering a tailor-made solution for any offshore challenge. We invest in being the best marine contractor with the best vessels and people for the job, ensuring that we have full control of our own floating assets and can provide smart and cost-effective solutions for our clients. Investing in people is key to meeting the client’s needs, both now and in the future. We believe that the best professionals in engineering, project management and operations in the business want to work for a specialist company that is ambitious and capable of executing cutting-edge projects safely and sustainably. By focusing on our position as a marine expert, we create an attractive and challenging environment for the best people in the industry who want to tackle complexity, manage risks and execute projects that push the boundaries of technical possibility. Entrepreneurial team players with a drive to go

a step further with innovative, effective and efficient solutions. Always within our professional quality framework and uniform Way of Working (WoW) to guarantee ‘first time right’ and supported by NINA (No Injuries No Accidents), our progressive safety program which is engrained in our culture and held in high regard within the industry. Our combined versatile fleet of vessels is unique in the industry and a cornerstone of our strategy. Having optimal control guarantees our clients availability and access to vessels that are built for purpose, ensuring efficiency and reliability. In line with our objective of providing added value to the client, we constantly invest in our vessels to support specific functions in transport, marine and subsea installation as well as in subsea services. Being fit for purpose also means that our thinking is geared towards safe and efficient solutions: we invest in ‘the optimum’ not ‘the ultimate’, because we know that at the end of the day projects have to be delivered on time and on budget.

INCREASED EFFICIENCY THROUGH DECREASED COMPLEXITY Boskalis is a specialist within its respective marine contracting disciplines with the ability to combine its offering. As a specialist, we offer our clients efficiency. Along with the breadth of our activities and the ability to bring our experts and state-of-the-art equipment together we are also able to combine these specialties to offer clients decreased complexity in multi-disciplinary projects. We are pragmatic in our approach and focused on the end results with safety as our core value. By providing various complementary activities as the main contractor, we reduce the number of interfaces and minimize risks throughout the project. This also allows us to engineer the optimum solution by building a team around the client’s needs and sharing knowledge and insights at every stage of the project, resulting in optimum control of time and budget. This is how we create New Horizons together with our clients in the offshore energy sector.

“We are pragmatic in our approach and focused on the end results with safety as our core value”

moving forward

MOVING FORWARD, COMMITTED TO THE OFFSHORE ENERGY MARKET

Boskalis is set to grow its presence as a specialist marine contractor in decades to come by responding adequately to the needs of the ever-changing offshore industry. Supported by our financial strength we aim to strengthen our leadership positions in Marine Transport & Services and Seabed Intervention and to expand our positions in Marine Installation, Subsea and Marine Survey. Our specialist expertise in these areas and our ability to combine these into an integrated offering clearly demonstrates this commitment.

UNMATCHED AN UNMATCHED COMBINATION OF PEOPLE, EQUIPMENT AND ACTIVITIES

Marine Installation

Seabed Intervention

MARINE TRANSPORT & Services Boskalis is an experienced global leader in Heavy Marine Transport as well as ocean towage and anchor handling & positioning services. We have a unique track record in exceptional offshore projects executed by our in-house, dedicated engineering, opera- tions and project management professionals and a versatile fleet of Heavy Transport Vessels including the Vanguard, the largest of its kind in the world (formerly Dockwise), Ocean- going Tugs (formerly Fairmount) and Anchor Handlers (formerly SMIT). This activity cluster consists of the business units Heavy Marine Transport Short Term, Heavy Marine Transport Long Term, Logistical Management and Marine Services.

Subsea

Marine Survey

With extensive engineering know-how and a broad selection of own vessels and specialized equipment we execute a variety of offshore installation projects. We are capable of transporting and installing floating and fixed structures for the oil & gas and renewables sectors, right through to the decommissioning of structures. In addition to our unmatched selection of own transport equipment, we have a unique offshore transport and installation crane vessel Bokalift 1 with a lifting capacity of 3,000 tons. Our aim is to build and expand our activities and to become an established offshore transport & installation contractor. We have a global focus with a current portfolio in Northwest Europe, the Middle East and Southeast Asia. In addition to Marine Installation this activity cluster includes the Offshore Wind business unit.

Boskalis is renowned for its capabilities in pre-sweeping, trenching and backfilling the seabed for offshore pipelines and cables, including all related landfall operations. For these activities, we operate special rock installation vessels for works up to 1,000 meters water depth, along with in-house specialists and equipment. With a global focus we hold a leading position in seabed intervention. We aim to broaden our focus towards import and export facilities around FSRUs and SPM buoy terminals where we target a role as main contractor and can take full project management responsibility.

Subsea combines the activities of three business lines: Subsea Cables & Flexibles (formerly VBMS), Subsea Services (IRM with saturation and air diving) and Subsea Solutions (one stop shop for subsea infrastructure scopes). Boskalis is the market leader in the installation of power cables for the renewables industry in Northwest Europe and offers total grid-to-grid cable solutions with dedicated vessels and equipment. We also have a strong position in offshore IRM, offering saturation and air diving combined with light construction activities. The combined expertise and capabilities of both business lines together with the in-house resources enables Boskalis to offer integrated Subsea Solutions in up to 300 meters water depth.

Through Gardline we hold a best-in-class position in the marine geophysical and geotechnical survey market. Our extensive track record and experience includes the acquisition and processing of 2D and 3D seismic data and the provision of offshore geotechnical surveys. We currently hold a leading position on the North Sea. Boskalis is keen to expand its survey capabilities and geographic position in the coming years.

Boskalis Rosmolenweg 20 PO Box 43 3350 AA Papendrecht The Netherlands

T +31 78 6969000 E offshore.energy@boskalis.com

www.boskalis.com/offshore