Strategic Assets & Road to Monetisation
STRATEGIC ASSETS IN THE RIGHT PLACE
H
Demand outstripping capacity across the UK & Europe
W Harland & Wolff
好
A group with a large enough fabrication footprint to compete for large scale projects
Facilities on active east coast and north-west coast
Geographically diverse locations to capitalise on all projects
Politically diverse portfolio
Risk split over several sites rather than focus on one
Opportunity to balance work loading between sites
Project costs at par with top yards in the Far East; equivalency achieved due to high
shipping costs and rework on damage in transit
Structures are getting larger & heavier; significant challenges to transport XXL
monopiles and jackets from Asia to Europe
Latest and upcoming Crown Estates licensing rounds demanding as much as 35% -
40% local content
Location
Size (Acres)
Bought
Belfast
89
5 Dec 19
Cost
£5.25m
Appledore
28
24 Aug 20
£7m
Methil/Arnish
133/6
12 Feb 21
£0.65m
Total Footprint
256
£12.90m
Corporate Presentation | 9.View entire presentation