Transcript OSX_Road_show_5

1
OSX Ownership
Organizational Structure
78.9%
Free Float
Holding
10%
90%
OSX Shipbuilding Unit
21.1%
Integrated offshore E&P
equipment and
services provider
100%
OSX Leasing
100%
OSX Services
2
Organizational Structure: Chain Value
INPUT
BUSINESS
PRODUCT
Bulk materials
S
U
P
P
L
I
E
R
S
Packages,
equipment and
materials
Construction, assembling,
integration and commissioning
of Naval Units (Shipbuilding)
Naval Units
Engineering
Projects
Units
transportation
services
Units
installation
services
Equipment,
spares and
consumables
Technical
assistence
specialized
services
Project, finance, transport,
install and lease Naval Units
(Leasing)
Naval Units
installed
Operate and maintain Naval
Units (Operational Services)
Naval Units
operated
C
L
I
E
N
T
S
Support to the business (SMS, Comunication, Press, HR, Financial, Law, IR
departments)
Supply Naval Units and related operational services, focusing on the Oil and Gas industry.
3
OSX Shipbuilding Unit
Main focus: construction, assembling and integration of E&P
Units, such as fixed and floating production platforms and
drillships. Highlights to operational efficiency and state of the
art technology.
4
OSX Shipbuilding Unit Highlights
Strategic
Partnership with
Hyundai
• Partnership with the largest shipbuilder in the world
• State-of-the-art technology and transfer of know-how
• Large, scalable shipyard at Açu
• Largest shipyard of the Americas
• Located at the Açu Superport Industrial Complex
• At approximately 150km from the Campos Basin
Strategic
Location
• 2,400m of quay, expandable to 3,525m, enabling the integration of up to 9
FPSOs and the construction of up to 8 WHPs simultaneously (first phase with
2,400m of quay)
• Excellence in logistic, with integration to thermoelectric (savings of 30%)
and steel mills (steel plates of 18m: savings of up to 56% in welding)
5
Açu Industrial District
A new cluster for heavy industry
6
6
Açu Shipbuilding Unit - UCN
• US$ 1.7 bn investment
• Steel processing capacity of 180,000 ton/year and assembly capacity of 220,000 ton/year
• Up to 3,525 m water front (2,400 m in first phase)
• Conceptual design approved by Hyundai Heavy Industries
7
Naval Technology Institute - ITN
Immediate objectives:
• Education, training and capacitating of the labor force dedicated to the UCN and Brazilian
naval industry jobs.
• 7,800 production, inspection and supervision technical specialists will be formed until 2013.
Complementary objectives for a second phase:
• Training partnerships with leading institutions for graduating superior and technical
professionals, seeking for new technologies and development of innovative engineering
projects, mobilizing suppliers for new equipment, and investing in research and
development.
8
Product Portfolio
Description
FPSO
Main Systems for Standardization Target
• Floating Production Storage and
Offloading
• Hull: conversion of oil tanker or newbuild
• Pull-in and Mooring Systems
TLWP
• Tension-Leg Wellhead Platform
• Suited for deepwater environments
• Cranes
• Power Generation
WHP
• Wellhead Platform or fixed production
platforms in general
• Automation Systems
• Suited for shallow-water environments
• Bulk Materials
Drillships
• Drilling units for exploration
• Heavily demanded in ultra-deepwater
• Processing Systems
• Safety Systems
• Navigation transportation unit
Tankers
• Demand for long course navigation units,
cabotage, relievers and production
platforms
9
OSX Leasing
Focus: E&P Units, to be leased to companies in the oil and gas
sector, especially OGX.
Long-term supply agreements that will ensure a predictable
revenue flow.
10
Destaques da OSX Fretamento
Strong demand
from OGX
• Priority Rights between OSX and OGX
• Order book of 48 offshore E&P units, equivalent to a US$ 30bn investment
• Upside potential with expansion of OGX’s exploratory campaign
• Firm orders of US$ 4.8 bilhões
• FPSO OSX 1: Delivery scheduled for 3Q2011
• FPSO OSX 2 and OSX 3: Deliveries scheduled for 2Q2011 and 3Q2011
Equipment
respectivelly
• FPSOs OSX 4 and OSX 5: Deliveries scheduled for 2Q2014 and 4Q2014
respectivelly
• WHPs 1 and 2: Deliveries scheduled for 1Q2013 and 2Q2013 respectivelly
11
OSX Services
Focus: Acting on services.
Operation and maintainance of naval units.
12
OSX Services Highlights
• At present, part of the crew to be on board of the FPSO OSX 1 is in
Singapore for the commissioning process.
• Initiated the development of the standardization process on the
Services
classification and codification of the materials (technology solution
“Klassmat”) owned by OSX.
• Establishment of the operational procedures to be adopted by
the platform staff, with administrative support of INDG – Instituto de
Desenvolvimento Gerencial.
13