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BOURBON in 2013:
A leader in offshore oil and
gas marine services
In a very dynamic oil and gas market, BOURBON offers a wide
range of exploration support, development, and production
services, both in deepwater offshore and continental offshore.
In addition to the expertise and professionalism of its crews,
BOURBON’s strategic choices in recent years have led the
group to a leadership position, operating a fleet of 485*
innovative, and efficient vessels.
* including the cement carrier Endeavor
Marine Services Activity
466 vessels (+27 vessels compared to 2012), 81%
The oil and gas offshore support fleet provides :
3 transport of equipment and special products
(PSV – Platform SupplyVessels);
3 tug services, anchor handling and positioning
of drilling platforms and machinery (AHTS –
Anchor Handling Tug Supply vessels);
3 assistance to resupply vessels / FPSO
3 transport of personnel to sites and between
platforms in a single field (Surfers),
emergency supplies and response teams
(FSIV – Fast Supply InterventionVessels).
The coastline protection fleet is composed of
assistance and salvage tugs (preventing wrecks,
assisting and salvaging vessels in distress,
fighting pollution risks).
Subsea Services Activity
18 vessels, 12 underwater robots (ROVs), 17% of
BOURBON offers a wide range of services, from
engineering, supervision, and management of
undersea operations at oil and gas fields and
wind farms, for developing installations, to
Inspection, Maintenance, and Repair (IMR).
The demand for offshore vessels is
supported bythe high level of spending
in the offshore oil & gas sector.
In deepwater offshore, average spend-
ing over the next three years is ex-
pected to grow by approximately 10%
per year. In the shallow water market,
vessel demand growth is driven by the
steady spending in the oil & gas sector,
notably by activities aimed at main-
taining production of existing fields.
The Subsea services market is buoyed
by the growing number of subsea well-
heads and the development of new
deepwater oil fields.
The majority of deliveries for vessels
currentlyon order are expected in 2014.
From nowon, neworders for vessels will
be executed as opportunities arise and
will not impact revenues before 2016.
In 2014, BOURBON is targeting revenue
growth of 8-10% and a slight improve-
ment of the EBITDAR/Revenues ratio.
3 GROSS OPERATING
+ 41,7 %*
3 OPERATING INCOME
+ 87,3 %*
+73,1 MILLION EUROS
3 NET EARNINGS,
1311,9 MILLION EUROS
Investor FACT SHEET1
Investor Fact Sheet MARCH 2014
*Variation 2013 / 2012
** Includes the capital gains made on the sale of
p TRIR (Total recordable incidents
per one million hours worked,
based on 24 hours/day): 0.48
p Technical availability rate for the
p Vessel fuel consumption reduced
by up to 30%
p Underwater operations at
depths of up to 3,000 m
p Coastline protection: over
1,600 operations conducted
p 11,150 employees
p 84 different nationalities
p 84% seafarers and crew
p 16% onshore staff
3 WOMEN AND MEN
3 THE FLEET
p 485 offshore** vessels, with
an average age of 6 years
p 52 vessels ordered
p Operating in 50 countries
p 28 operational subsidiaries
p Revenue breakdown by
- Africa 57,2%
- Europe Mediterranean /
Middle East 17,4%
- North and South America
- Asia 11,1%
* figures as of 12/31/2014
** Including the cement career Endeavor
BOURBON IN NUMBERS *
Investor FACT SHEET 2
Capitalizing on bourbon’s dna
to prepare for beyond 2015
Now more than ever, BOURBON is continuing its determined
growth strategy, in order to ensure its position as leader in
offshore oil and gas marine services.
For over 10 years, BOURBON has put customer
satisfaction at the heart of its strategy and is
committed to operational excellence at every
stage, based on four pillars: safetyof personnel
and facilities, competency, technical availabili-
ty of vessels, and optimizing costs.
The Group is now looking beyond 2015 by
transforming itself in order to implement a new
phase of growth and value creation through
the “Transforming for beyond” plan and its four
3 MyBourbon, a customer relations platform
3 Under the flag of excellence, the employer
brand of BOURBON employees,
3 Bourbon Way, which involves developing
tools for achieving operational excellence
and cost control
3 Asset Smart, the financial part of this action
ASSET SMART: ACTIVE FLEET
In 2013, BOURBON announced its transforma-
tion plan, based on the sale of 30% of its fleet
of supplyvessels by2015, for a total of $2.5 bil-
lion US, with the vessels operated for 10 years
under a bareboat charter contract.
The implementation of this program is now well
underway; the Group has signed an initial $1.5
billion US contract with ICBC Financial Leas-
ing ($860 million US of which was received as
of March 5, 2014), followed by a second con-
tract with SCB (Standard Chartered Bank), for
$150 million US ($65 million US of which was
received as of March 5, 2014). These contracts
involve the sale of 57 vessels.
Along with these transfers, the Group con-
tinues to manage its fleet of vessels that are
partially compliant or non-compliant with its
technical standards (7 vessels sold, for a total
of $183 million US).
These actions, resulting in a significant
reduction in net debt, confirm BOURBON’s
strategy and contribute to establishing of a
new phase of growth, beyond the BOURBON
2015 Leadership Strategy plan.