jdr corporate presentation

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An Introduction to JDR www.jdrglobal.com

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JDR is a leading provider of custom-designed and manufactured subsea power cables, umbilical systems and reeler packages for a broad range of applications. JDR's significant portfolio of product design, manufacture and delivery extends throughout the oil and gas sector and the offshore renewables market. JDR's subsea wellhead, production and workover umbilicals are installed and used around the world, with turnkey systems and reeler packages engineered and manufactured to exacting standards for operation in the most challenging of environments. An accomplished track record of meeting client expectations and a commitment to lifecycle customer service makes JDR the offshore energy industry's global Partner of Choice.

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Page 1: JDR Corporate Presentation

An Introduction

to JDR

www.jdrglobal.com

Page 2: JDR Corporate Presentation

JDR is a leading provider of technology

connecting the global offshore energy industry

Page 3: JDR Corporate Presentation

Overview

Our products and services enable vital control and power

delivery to offshore oil, gas and renewable energy systems

JDR invests in state-of-the-art manufacturing facilities,

technology and people to deliver world-class subsea products

Our products are used by the world’s major energy companies

and subsea service providers, in the world’s harshest offshore

environments, and include:

Subsea Production Umbilicals (SPU)

Subsea Power Cables (SPC)

Intervention Workover Control Systems (IWOCS)

Renewable Energy Cables (REC)

We work in partnership with our customers to design product

and service solutions that meet your specific project

requirements

We have a proven track record of delivering against client

expectations

Page 4: JDR Corporate Presentation

We provide lifecycle customer service through our Aftermarket,

Installation and Maintenance Services division (AIMS):

Specialist engineering teams

Experienced project management

Integrated safety systems

A global service network that ensures 24/7 Aftermarket

support

Our engineering design team is at the forefront of technology

developments, with excellent industry ‘know-how’ and granted

patents

Supported by JDR’s innovation culture and approach to

continuous improvement

Our manufacturing bases include Hartlepool and Littleport (UK),

Houston (US) and Sattahip (Thailand)

We have over 500 employees in six countries

Overview (continued)

Page 5: JDR Corporate Presentation

JDR’s Mission and Values

At JDR we are focused on being:

A world leading supplier of Subsea Production Umbilicals, Subsea Power Cables and IWOCS

(Intervention Workover Control Systems) for global oil, gas and renewable energy markets

A global supplier with regional, sales, engineering, operations, project management and service

capabilities

Customer focused, driven by strategic customer relationships, product management, technology

leadership, performance measurement and delivery of solutions

An industry leader in quality, on-time performance, environmental, health and safety compliance

and cost effectiveness

Recognised as one of the best places to work in the oil and gas and renewables industries

Our values drive us to:

Develop and work in world class facilities where we innovate, adapt and embrace change to

produce products that we are proud of

Work together within a safe, communicative and transparent organisation

Invest in our team to encourage personal responsibility, development, leadership

Page 6: JDR Corporate Presentation

Capabilities

Technology

Our technology focus ensures:

Our products work effectively in

harsh, deep-water environments

We are at the forefront of

subsea technology – developing

technology ahead of future

industry requirements

We work closely with our customers

to solve complex technological

challenges

Design engineering

We are experienced in the

development of products that meet

individual customers requirements

We integrate standard

proven/qualified sub-components

into your designs to reduce overall

project risk

This enables us to create cost-

effective, reliable products that

exceed international standards

Project management

JDR’s project management team:

Manage our day-to-day working

relationship with you and ensure

on time project delivery

Are your link to JDR’s full

lifecycle offering (product

design, manufacturing,

procurement, installation,

service)

Customer focus

We work in partnership with our

customers to:

Create innovative products that

deliver against individual project

needs

Provide lifecycle customer

service

Anticipate longer-term industry

developments

Manufacturing

Strategically located manufacturing

facilities

£30m investment in state of the

art quayside facility in

Hartlepool (large scale

SPU/SPC/REC)

Littleport (IWOCS, reelers, SPUs)

Thailand (SPUs for Asian market)

Houston (servicing and topside

products)

Offshore support

We support our customers from

project initiation to final site

commissioning

We provide people, test equipment,

training and supervision for

installation and cable handling

processes

Page 7: JDR Corporate Presentation

Head Office Manufacturing/service facility

Commissioned 2000

220 employees

IWOCs & components

Braiders, vertical twister, high

pressure test facility

Main UK Manufacturing

Facility Quayside facility

Commissioned 2010

146 employees

REC, SPUs & SPCs

VLM, 2X2,200te & 2X4,000te

carousels

Access to Asian

Markets Quayside facility

Commissioned 2006

53 employees

SPUs & SPCs

Sales Office

Bangkok Design Office

Sales Office/

Major Service Center 24 employees

Key relationship

contact centre, service to

Gulf of Mexico

& Latin America

Sales Office/

Service Center Key relationship contact

centre, service to North

Sea & Europe

Global operating footprint

Page 8: JDR Corporate Presentation

Markets

JDR experience spans global energy markets

Oil & Gas JDR leads the field in custom engineered products for the offshore oil and gas industry. We have developed

technologies that maximise the efficient delivery of power, control and communications through umbilicals and

power cables. Using our state-of-the-art engineering and manufacturing capabilities, we develop and deliver

custom built systems for subsea installations at ever increasing water depths.

Renewables We have embraced the growing international market for alternative and sustainable energy delivery. Our UK

east coast locations makes us ideally located to provide, engineering, manufacturing and installation services for

the evolving renewables market, which is particularly strong in Europe.

Aftermarket Global aftermarket, installation and maintenance services are provided by our AIM Services division. AIM has a

network of experienced and certified technicians and service support facilities, available 24/7 to manage

customer projects, for JDR and non-JDR products, on or offshore. The team has created periodic maintenance

and inspection routines that include product lifecycle preventative maintenance and assurance programmes.

Page 9: JDR Corporate Presentation

Subsea Production Umbilicals (SPU) JDR designs SPUs that operate long-term in challenging subsea environments. Our SPU systems have been utilised by

major operators in subsea fields around the world. From 300m to 30km in length, our designs incorporate conduits for

hydraulic fluids, process chemicals or electrical cables that transmit power and enable communication. They can be used to

tieback subsea trees to fixed platforms, FPSOs and land based facilities.

We offer full dynamic analysis, fatigue analysis and seabed stability analysis to prove our SPU design suitability. Actual

qualification testing can also be conducted to verify the design analysis work. JDR has a large team of fully trained and

certified offshore engineers that can work offshore in assisting with the installation, testing and commissioning of our SPU

umbilicals. The teams are fully equipped for rapid mobilisation to anywhere in the world.

Recent contract awards include

CNOOC Liu Hua

Total Gabon & Congo

HHI Shwe

Swiber Brunei Shell Petroleum

Oil & Gas

Subsea Production

Umbilical

Page 10: JDR Corporate Presentation

Oil & Gas

Subsea Power Cables (SPC) JDR’s SPCs are used by offshore energy operators to distribute electrical power between installations. Our cable designs

typically contain three power core phases, each comprising a large copper or aluminium conductor insulated with cross-linked

polyethylene. Our SPCs cover great distances and are expected to operate in hostile subsea locations for many years.

Our power cores are rated to 33kV, and chemical hose, fibre optic components, and splitter box assemblies are typically part

of the scope of work. We use a full suite of analytical capabilities including thermal dissipation, chemical compatibility, and

seabed stability to verify our design suitability. If qualification test results are not already available to substantiate new product

designs, mechanical testing takes place either before or in parallel with product manufacture to verify design calculations.

Recent contract awards include

CNOOC

Santos

Three-core

Subsea Power Cable

Right:

Subsea Power Cable in

use

Page 11: JDR Corporate Presentation

Oil & Gas

IWOCS (Intervention Workover Control Systems) JDR has been at the forefront of IWOC design for the last 15 years. Our IWOCs and reelers are used by oil and gas operators

around the world to monitor and control subsea trees during installation and for intervention activities. Most recently our design

team has led the development of new ‘open water’ umbilical technology that significantly reduces offshore operating costs.

Along with JDR’s Topside Wellhead umbilicals we can provide a complete turnkey solution.

Our extensive industry experience alongside our capabilities in aftermarket services, enables us to work with customers on a

diverse range of IWOC ventures. We work in partnership with our customers, from project initiation, to long-term support, an

approach that enables customers to place a single order for their complete system package.

Our customers include

FMC

Cameron

GE Oil & Gas

Aker Solutions

IWOCs umbilical

Right:

Example of reeler /

spooler package, part of

an IWOCS system

Page 12: JDR Corporate Presentation

Renewables

Renewable Energy Cables (REC) JDR is a leading provider of RECs that enable operators to utilise alternative and sustainable energy sources. Our products

connect power generation devices in offshore wind, wave and tidal fields, transferring power to offshore or onshore

substations. We have developed flexible and innovative design approaches for inter-turbine array cables and termination

installations. Our expertise in dynamic and static subsea power cables and ability to offer fully verified electrical and optical

packages ensures we can develop products for a wide range of operational requirements.

JDR is ideally positioned to offer engineering and scientific support to the evolving renewables market. For example, our

quayside facility at Hartlepool on the UK’s east coast, is enabling us to support multiple offshore windfarm projects planned for

the region.

Significant orders include

London Array (175 turbines, 630 MW)

Greater Gabbard (140 turbines, 500 MW)

Meerwind (80 turbines, 288MW)

Renewable Energy

Cable

Right:

First turbine in the

Greater Gabbard field

Page 13: JDR Corporate Presentation

Aftermarket

Our range of aftermarket services includes

Installation, repair, maintenance, healthcare & upgrades A team dedicated to installation, repair (including emergency response), equipment & product maintenance

(onshore & offshore), asset healthcare & assurance and equipment and product upgrades, covering key oil, gas

and renewable regions.

Specialist equipment & testing JDR’s AIM Services has a portfolio of specialist tooling and test equipment that can be mobilised alongside

specialist technicians, anywhere in the world, to support JDR and non-JDR products. This is a rental service and

includes mechanical, hydraulic power cable and fibre optic capabilities.

Spares & Asset Management The team provides spare parts and spare parts management out of Littleport in the UK and the Houston service

centre. Other services include equipment asset management, storage, pre-mobilisation testing and post job

inspection and maintenance. For instance IWOCS can be managed to ensure ongoing operational effectiveness.

Page 14: JDR Corporate Presentation

PAT HERBERT

Executive Chairman Pat joined JDR in 2002 as

CEO and became

Executive Chairman in

2011. As CEO, he has

overseen the Group’s most

dramatic growth period.

ANDREW J NORMAN

Chief Executive Officer

Andrew joined JDR in

2011 following 15 years in

the energy industry with

Dresser Inc as Division

President Control Valves

and Regional President,

Europe.

MARTIN BODEN

Chief Financial &

Compliance Officer

Martin joined JDR in 2011

from Betty’s & Taylors

where he was Chief

Financial Officer for 18

months, after being Group

Finance Director at Genus

plc.

PETER SAYLES

Chief Operations Officer

Peter joined JDR in 2011

after 12 years in business

turnaround roles including

work with Oceaneering in

Brazil and assignments in

China and the USA.

CRAIG EWING

Business Systems

Director Craig joined JDR in 2011

from TNT Post UK where

he was IT Director. Craig’s

IT experience spans a

number of world class

organisations in the B2B,

logistics and construction

sectors.

MARTIN CHARLES

Director, AIM Services Martin joined JDR in 2008

as the Group’s first

aftermarket services

director. Before JDR he

was Aftermarket Director

for GE Oil & Gas.

JAMES YOUNG

Engineering Director James joined JDR in 2000

as senior design engineer

for new product

development. He was

appointed Engineering

Director in 2011.

LOUISE CLIFTON

Group Head of HR Louise joined JDR from

PPG Industries where she

held a number of roles

including HR Director,

Industrial Coatings, EMEA.

PAUL GAHM

Executive Vice-

President Sales and

Marketing Paul joined JDR in 2005

with responsibility for

business development,

marketing and strategic

planning. Previously he

was with Oceaneering’s

Mulitflex division.

Executive Management

Page 15: JDR Corporate Presentation

August 2010

£8m Wave Hub

contract completed

2010 2011 2012

August 2010

Work starts on

London Array

renewables contract

April 2011

New carousels

commissioned in

Hartlepool

April 2011

Marine Cables

division sold(1)

All senior debt

repaid

June 2011

VLM

commissione

d

Aug / Sept

2011

New CEO,

CFO and COO

appointed

June 2011

First LAL

batch

delivered

September

2007

JDR acquired

from

Bridgepoint by

Vision Capital &

Goldman Sachs

& Management

for £70m

2007

April 2012

LAL Cables

Completed

2009

March 2009

£30m investment

programme in

Hartlepool facility

commences

September 2007: JDR acquired by Vision Capital & Goldman Sachs and Management from Bridgepoint Capital

March 2009: Commencement of £30m investment programme to develop a state-of-the-art facility in Hartlepool

February 2011: Implementation of Project New Vista (to re-engineer the MRP system used for scheduling and

planning to accommodate capacity of our growing manufacturing capability)

April 2011: Marine Cables division (seismic lead-in and air-gun umbilicals and defence cables) sold to Fugro NV

August / September 2011: Appointment of Andrew Norman, Martin Boden and Peter Sayles as CEO, CFO and COO

State-of-the-art facility in Hartlepool creating

step change in production capability

JDR was created in the early 1990s on the merger of Jacques Cable Systems (UK) and De Regt Special

Cable (Holland). This move brought together 75 years+ combined experience in the design and

manufacture of cables and umbilical systems for use in harsh, dynamic, subsea environments.

February 2011

Project New Vista

Begins

March 2012

Project New

Vista

completes

Recent Corporate History

Page 16: JDR Corporate Presentation

In summary

JDR is a leader in technology that connects the global offshore

energy industry

Our technology, products and services enable oil, gas and

renewable customers to operate successfully in the world’s

harshest offshore environments, at ever increasing depths

To achieve this we:

Work closely with our customers to solve complex

technological challenges

Support our customers from project initiation to final site

commissioning

Develop products that meet individual customer project

requirements

Invest in state-of-the-art manufacturing facilities

Ensure effective health, safety and environmental

operations

Anticipate longer-term market trends

As a result JDR has a proven track record of delivering against

client expectations across its markets and product ranges

Page 17: JDR Corporate Presentation

JDR Cable Systems

(Holdings) Ltd.

4th

Floor, Saltire Court,

20 Castle Terrace

Edinburgh, EHI 2EN ,Scotland, UK

Website: www.jdrglobal.com

This document contains information of a

confidential and commercially sensitive

nature. It is delivered subject to the terms,

and prior execution, of a binding

confidentiality agreement. It may be used only

for the purposes set out in that confidentiality

agreement and may not be copied,

distributed, published or reproduced, in whole

or in part, to any other person at any time,

except strictly in accordance with the terms

of that confidentiality agreement and subject

to the requirements of the Financial Services

and Markets Act 2000 (Financial Promotion)

Order 2005 (the “Financial Promotion Order”).