���������� PT Wintermar Offshore Marine Tbk

5 September 2017

Company Profile

• National company working to international standards

• First Indonesian shipping company to obtain certification for IntegratedManagement System from Lloyds Register Quality Assurance

• International client base in Asia and Middle East

• Professional and experienced management team

• High Quality clients - multinational oil and gas companies

• Fleet of 74 offshore vessels *

• Wide range of services – Rig move, Crew change, Emergency rescue, Offshoresupply, diving support, seismic support, accommodation, etc.

• as at 31 Dec 2016

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Business Segments

1. Own Vessels Division• We own and operate a diversified fleet of Offshore Support Vessels,

providing marketing, ship management and technical service for ourown fleet.

2. Chartering Division• Leveraging on our expertise and market knowledge, we also tender for

work using third party vessels, providing QHSE support where needed.

3. Ship Management and other Services• Our shipping management team offers ship management service for

third party ship owners, incorporating crew, technical, maintenance,operations, and agency services. We may also hold the marketingrights to these vessels under our management.

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Increasing upstream spending in 2017

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Global Upstream E+P spending is projected to rise by 7% in 2017, after 2consecutive years of sharp declines (-26% and -23% for 2015 and 2016,respectively)

Indonesia’s oil supply is not keeping up with demand

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Improving outlook for world demand and supply balance supports more stable oil prices in 2017

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Asia Pacific Upstream expenditure set to bottom and pick up, especially in Deepwater

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Conventional LNG Tight/acid gas & heavy oil

Deepwater Unconventional gas Q4 2015

Source: Wood Mackenzie UDT

Deepwater investment bottomed in 2016

Indonesia is underpinned by several development projects in 2017

8The majority of Asia Pacific FID projects in 2016 are in Indonesia.

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Several development projects underpin activity in Indonesia in 2017-18

Sumber : SKK Migas9

Some projects with production targets in the next few years are likely to commence in the coming year

MaselaField (2024)

Tangguh(2020)

IDD (2016)

Djangkrik(2017)

Ande AndeLumut (2018)

Bukit Tua (2016)Madura (2017)

Fall off in Demand for OSVs has triggered sharp drops in charter rates although activity is rising

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Charter rates expected to stay low in 2017 due to oversupply although utilization will likely recover with firmer oil prices

Asia Pacific OSV still plagued by low utilizationrates

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Source: IHS Energy, 2016

Composition of high value vessels in fleet mix

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• Plan to sell more low tier Vessels in 2017• By end 2017, 73% of the fleet expected to comprise of mid to high

tier vessels

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Actions taken by Management

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1) Expand to new markets – Middle East, PNG

2) New Clients in EPIC ( Engineering & Procurement) industry

3) Wintermar Integrated Safety Program

4) Cost Control measures:

• “Cold Stacking”- Laying up older vessels

• “Warm stacking” groups of vessels to reduce opex

• Reducing crew salary expenses

• Limiting the number of new employees

1H2017 Results

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1) Owned Vessel revenue of US$10.9million for 2Q2017 was15.6% higher than 1Q2017

2) Utilization rate of fleet jumped to 56% in 2Q2017 comparedto 49% for 1Q2017, reflecting project commencement inIndonesia while price competition resulted in lower charterrates

3) Total Revenue fell 43% from 1H2016 to US$27.7million for1H2017

4) Net Gearing remains conservative at 50%, the same level asat end 2016

5) Contracts on hand at end June 2017 USD87.4million

Looking ahead at 2017

• OPEC Commitment to reduce supply seems to be holdingOil Prices steady

• Increase in upstream activity is underpinned bydevelopment projects in Indonesia

• OSV industry still facing oversupply, will take time torecover

• Indonesian government looking to attract O+Ginvestment through the “Gross Split” scheme

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Expanding marketing network to Brunei, India, Middle East and South America where there are longer term charters.

Geographical Opportunities

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5 Years Review

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5 Years Review

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Review 1H Result - 2017

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Owned Vessel Division is showing improvement during 1H - 2017

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Attracting Prominent Oil Companies through Excellent Safety and Security Track Record

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DisclaimerCertain statements made in this presentation involve a number of risks and uncertainties that could cause actual results to differ materially from thoseprojected. Certain statements relating to business and operations of PT Wintermar Offshore Marine Tbk and Subsidiaries (the Company) are based onmanagement’s expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertaintiesand assumptions that are difficult to predict. Certain statements are based upon assumptions as to future events that may not prove to be accurate.Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements. The Company makes nocommitment, and disclaims any duty, to update or revise any of these statements. This presentation is for informational purposes only and is notintended as a solicitation or offering of securities in any jurisdiction. The information contained in this presentation is not intended to qualify, supplementor amend information disclosed under corporate and securities legislation of any jurisdiction applicable to the Company and should not be relied uponfor the purpose of making investment decisions concerning any securities of the Company.

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