© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com

3/31/2017

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com

2 3/31/2017

Safety Moment

At a glance

Value Chain

Sustainability Framework

Climate Change – Overview

Climate Change Strategy

GHG foot print

CO2 Challenge

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 3 3/31/2017

Safety Moment: Noise and Hearing Protection

Which of the following statements are myths or facts?

1. I can build up a resistance to noise, my ears will toughen

up

2. Even if I lose some hearing, I can buy some hearing aid

device and my hearing will come back to normal just like

vision with glasses

3. Hearing loss can affect people at any age

MYTH

MYTH

FACT

FACT

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4 3/31/2017

Safety Moment

At a glance

Value Chain

Sustainability Framework

Climate Change - Overview

Climate Change Strategy

GHG foot print

CO2 Challenge

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 5 3/31/2017

Key figures Full year 2016

FPSOs BUILT

Over 30

DAILY OIL PRODUCTION

771,000

barrels

OPERATING REVENUE

2,272

US$ million

~ 5,000

EMPLOYEES

WORLDWIDE

CUMULATIVE

OPERATING

EXPERIENCE

OVER 283 years

OPERATING PROFIT

US$ million 564

1,600,000

BOPD TOTAL OIL

PRODUCTION CAPACITY

96.8%

OIL PRODUCTION

UPTIME

18

UNITS IN

OPERATION

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 6 3/31/2017

Our Offer

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 7 3/31/2017

What is an FPSO?

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 8 3/31/2017

Our global footprint

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9 3/31/2017

Safety Moment

At a glance

Value Chain

Sustainability Framework

Climate Change - Overview

Climate Change Strategy

GHG foot print

CO2 Challenge

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 10 3/31/2017

SBM Offshore Value Chain

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11 3/31/2017

Safety Moment

At a glance

Value Chain

Sustainability Framework

Climate Change - Overview

Climate Change Strategy

GHG foot print

CO2 Challenge

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 12 3/31/2017

Sustainability Framework

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com

13 3/31/2017

Safety Moment

At a glance

Value Chain

Sustainability Framework

Climate Change - Overview

Climate Change Strategy

GHG foot print

CO2 Challenge

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 14 3/31/2017

Global warming

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GHG Emission

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Paris Agreement

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World wide commitment

< 2oC

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Oil dependence down

Increase in gas

Renewables increase

Change in Energy Mix

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Three Areas of Focus

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 20 3/31/2017

Summary Climate Change

COP 21 confirms the transition to a low carbon economy and is fully supported and irreversible.

Fossil Fuels will be phased out over time and replaced with Renewable energy.

There will be stranded oil and gas fields, reducing SBM’s market over time (timing is not clear).

Demand for traditional SBM products will continue as long as competitive in cost, risk and carbon emission.

SBM can play a role all three phases by focusing on three areas to reduce CO2 emissions.

Three phases during transformation:

• Preparation - continue to provide carbon energy & developing low carbon technology

• Transform – optimizing fossil fuel supply vs renewable energy

• Completed - Renewable energy main energy source, fossil fuel lomited.

Areas of Focus:

• Energy efficiency.

• Energy mix.

• Renewable energy.

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com

21 3/31/2017

Safety Moment

At a glance

Value Chain

Sustainability Framework

Climate Change - Overview

Climate Change Strategy

GHG foot print

CO2 Challenge

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 22 3/31/2017

To meet the challenges of today, tomorrow & the

future – we optimize, transform and innovate

Optimize

Our current assets,

markets, solutions

Transform

Our solutions and the

way we bring them

to market

Innovate

Product, Solution &

Business Model

Development -

‘Floating at Large’

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com

23 3/31/2017

Safety Moment

At a glance

Value Chain

Sustainability Framework

Climate Change - Overview

Climate Change Strategy

GHG foot print

CO2 Challenge

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 24 3/31/2017

Offshore scope 1 GHG

emissions contribute to the

majority of SBM’s

emissions

Onshore infrastructure

accounts for 0.004% of

scope 1 GHG emissions

SBM’s account flaring is

only 12 % of all flaring, the

rest is Client account

SBM’s GHG footprint

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com

25 3/31/2017

Safety Moment

At a glance

Value Chain

Sustainability Framework

Climate Change - Overview

Climate Change Strategy

GHG foot print

CO2 Challenge

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com 26 3/31/2017

A competition was designed to address the issue

of climate change, while leveraging expertise to

create a competitive edge.

SBM Offshore tested the creative talents of its

engineers by asking them to propose innovative

solutions to reduce CO2 emissions offshore.

Five teams of young entrepreneurial employees

from around the world found intelligent solutions to

reduce CO2, while increasing operational efficiency

on SBM Offshore’s FPSOs and MOPU.

For video click on CO2 Challenge logo https://vimeo.com/sbmoffshore/review/207259730/

33970ce64e

CO2 Challenge

SBM Offshore CO2 Challenge

Calling all creative talents!

© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com

27 3/31/2017

THANK YOU