Altus Intervention

Pareto Securities

24th Oil & Offshore Conference in Oslo

14th September 2017

40 years of focus

CASED HOLE LOGGING

PERFORATING & BALLISTICS

TRACTOR CONVEYANCE

PRECISION CLEANOUT

ACCESS & RECOVERY

MANIPULATION

BARRIERS & ISOLATION

LIVE WELL

DEPLOYMENT

DOWNHOLE

TECHNOLOGY

ONSHORE CAPABILITIES

BASE ONSHORE SPECIALISTS

LIVE

LIVE

COILED TUBING

WIRE & CABLE

SPECIALIST CREWS

LIVELIGHT WELL

INTERVENTION

Intervention specialists

TECHNIQUESTECHNOLOGIESEXPERIENCE

Contracts+100 globally

+90% With Oil Co.Direct

+98% OperationsUptime on

+100,000paOperating days

+270 SystemsIntervention

+NOK500minvested in last 3 years

REPUTATION

PHOTO CREDIT: JOHAN SVENDRUP, STATOIL

The No. 1 integrator in the North Sea

Global leader for precision well technology

Integrated conveyance & well technology

Delivering adaptive solutions

Our strategic focus

Our progress last 12 months

>20% increase in proactive observations

~20% reduction in NPT in last 12 months

NOK 450 million in cost reduction

50% increase in technology activity

Health & Safety

Service Quality

Efficiency

Sales

Shaping the future

TRANSFORMATION

IMPROVEMENT

DIGITAL

INTERVENTION

OPERATIONS

NEW SERVICE

DELIVERY

MODELS

COST EFFICIENCY

RADICAL PROGRAMME

PERFORMANCE MANAGEMENT

COMMITTED & PERSISTENT

COMPETENCE

BEST IN CLASS

NEXT

GENERATION

TECHNOLOGY

SERVICE DELIVERY

HIGHEST STANDARD

PHOTO CREDIT: OLE JØRGEN BRATLAND, STATOIL

Key financial facts

NOK 1,6bnSales

16%EBITDA Margin

>60%North Sea Market Share

+NOK 450mReduced cost since 2015

c1000Employees

+NOK 500mCapex invested in last 3 years

NOK 6,3bn Term agreement backlog

+50%Increase in technology revenues

FINANCIAL

SNAPSHOT

OPERATIONAL

SNAPSHOT

Summary

• An industry looking for change

• Clients engaged in making interventions smarter

• Continued challenging marked enviroment

Thank you