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Offshore & Marine April 18, 2002. 2 Keppel OM Overview v.4 Integration of KFELS & KHZ under Keppel Offshore & Marine on 1 May 2002 1.Keppel O&M will be.

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Presentation on theme: "Offshore & Marine April 18, 2002. 2 Keppel OM Overview v.4 Integration of KFELS & KHZ under Keppel Offshore & Marine on 1 May 2002 1.Keppel O&M will be."— Presentation transcript:

1 Offshore & Marine April 18, 2002

2 2 Keppel OM Overview v.4 Integration of KFELS & KHZ under Keppel Offshore & Marine on 1 May Keppel O&M will be a leading player in the offshore and marine industry and one of Singapores few truly global players 2.Keppel O&Ms business activities will span four continents -Strong Singapore base -Yards in US, Brazil, Middle East, Azerbaijan, Norway, Philippines -Design offices in China and Bulgaria 3.Keppel O&M is a global leader in jack-up drilling rigs, FPSO and FSO conversions and large tanker repair 4.Keppel O&Ms achievements are based on its track record with customers of delivering on time and on budget, global reach and its proprietary designs

3 3 Keppel OM Overview v.4 Global Reach of Keppel Offshore & Marine AMFELS (1 yard) FELS Setal/ BrasFELS (2 yards) KFELS Bulgaria O&M (1 yard) CSC AHI (1 yard) KFELS (2 yards) KS (2 yards) KSD (2 yards) (Singapore) KPM (3 yards) China Engineering Office Keppel O&M yards Other facilities Houston Center

4 4 Keppel OM Overview v.4 Vision of Keppel Offshore & Marine To be a Global Leader in the provision of design and engineering solutions, shipyard services and products to the offshore and marine industries.

5 5 Keppel OM Overview v.4 In pursuit of this vision, the immediate priorities are to: 1.Ensure maximum value creation from the KHZ and KFELS integration 2.Implement an integrated strategy to achieve global leadership in segments of the offshore and marine industries

6 6 Keppel OM Overview v.4 Priority sources of value in the integration will be: 1.Expansion in global leadership (working together to strengthen current positions and penetrate new segments and geographies, e.g.: offshore business in Middle East) 2.Achieve world class performance in business practices (i.e.: materials, equipment and services procurement, productivity, use of IT) 3.Better utilisation of combined resources Keppel O&M is on target to deliver synergies of at least $10M in Synergy levels for 2003 are currently estimated to be $20M

7 7 Keppel OM Overview v.4 Strategy of Keppel Offshore & Marine 1. Near market, near customer Global company with multi-local footprint -Leverage KOMs global reputation and customer relationships to strengthen global leadership -Deliver high value, competitively priced solutions to customers with footprint of local yards in strategic locations 2. Leading edge technology Leverage ownership of proprietary designs in jackup systems/rig designs Maintain technological advantage to stay competitive in high value added segments of business 3. Cost competitiveness Achieve world class business practices to maintain cost competitiveness -procurement, productivity, use of IT Harness potential of lower cost locations -China, Vietnam and Indonesia However paramount to have significant stake with management control to add value 4. Singapore hub Merger of KHZ/KFELS will strengthen position in Singapore Singapore to focus on high value added activities Upgrade Singapore as knowledge hub for technology development and productivity enhancement to support global network of yards


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