Subsea 7 (SUBC) Danske Bank Winter Summit 2024 presentation summary

Vision, values, and strategy

• Aims to enable global offshore energy delivery for today and tomorrow, focusing on safety, integrity, sustainability, and performance.

• Strategy centers on delivering offshore energy transition solutions, integrating early engagement, system innovation, and digital solutions.

• Differentiation through integrated services, sustainable delivery, and enabling products.

Market position and business units

• Recognized as a global leader in offshore project delivery, supporting both lower-carbon oil and gas and renewables.

• Seaway7 specializes in bottom-fixed offshore wind farm solutions.

• Over 2,800 engineers worldwide, with significant presence in EMEA, Americas, and APAC.

Project backlog, pipeline, and prospects

• Record project backlog, with book-to-bill ratio and order intake showing strong growth since 2013.

• Subsea tender pipeline reached $20 billion by September 2024, with a 9% subsea spending CAGR projected for 2024-2027.

• Diverse medium-term subsea and offshore wind prospects across North America, Europe, Middle East, Africa, Asia, and Australia.