Investor Presentaiton

18 16 14 12 10 8 6 4 6300 OFFSHORE Overall FPSO Market As per 1H 2018 Historical and Estimated Total FPSO Market Awards 2 3 1 0 3 2 2 1 1 3 7 3 6 11 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 e2018e2019 SBM Offshore Awards FPSO Awards FPSO Awards Bear Case FPSO Awards Bull Case Source: SBM Offshore research, company presentations (1) Award FPSO Liza 2 subject to authorizations © SBM Offshore 2018. All rights reserved. www.sbmoffshore.com Up to 10 awards expected in 2018 2019 acceleration anticipated Improving outlook 10

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