SEAMECLTDNSE12 February 2025

Seamec Limited has informed the Exchange about Investor Presentation

Seamec Limited

SEAMEC LIMITED

A member of MMG

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Regd. Office: A-901-905, 9th Floor, 215 Atrium , Andheri Kurla Road , Andheri (East), Mumbai 400 093, India Tel. : +91-22-6694 1800 • Fax : +91 -22-6694 1818 • E-mail : contact@seamec.in • CIN : L63032MH1986PLC154910

SEAMEC/BSE&NSE/SMO/ INVESTORPRESENTATION /1202/2025

February 12, 2025

Corporate Relations Department BSE Limited Phirojee Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 526807

The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051 Trading Symbol: SEAMECLTD

Sub: Investor Presentation of the Investor Meet of SEAMEC LIMITED (‘the Company’)

Ref:

a. Regulation 30 (read with Schedule III -Part A) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’)

b. ISIN: INE497B01018

Dear Sir / Madam,

Pursuant to our intimation letter SEAMEC/BSE&NSE/SMO/ INVESTOR /0802/2025 dated February 08, 2025, kindly note that the Board of Directors of the Company at its meeting held on Tuesday, February 11, 2025 have inter alia considered and approved Unaudited Standalone & Consolidated Financial Results for the quarter and nine months ended December 31, 2025.

Enclosed is the Investor Presentation in this regard.

The above is made available on the Company’s website i.e. https://www.seamec.in/

This is for your information and record.

Yours Faithfully,

For SEAMEC LIMITED

S.N. Mohanty President – Corporate Affairs, Legal and Company Secretary

Please visit us at : www.seamec.in

CONTRACTOR MEMBER -GIMCA ~ Q

MGMTSYS ~ Q

1SO9001 : 2015 Certified by IRQS

Av AC 071

1SO14001 :2015 Certified by IRQS

International Marine Contractors Association

MGMlSYS ~~ 1SO4SO0U018 ~

Certified by IRQS

OHSMS 007

Av AC 071

SEAMEC LIMITED Investors Presentation | Q3 FY25

Safe Harbor Statement

Quarterly Update

SEAMEC LIMITED

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Seamec Limited (the “Company” or “Seamec”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward- looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

SEAMEC LIMITED

Quarterly Update

Standalone Financial Highlights of Q3 and 9M FY25

SEAMEC LIMITED

Revenue

EBITDA

Cash Profit

PAT

205

y l r e t r a u Q

133

102

Q3 FY24 Q2 FY25 Q3 FY25

Q3 FY25 -------------------------------------~----------------------------------·----------------------------------,-------------------------------

Q3 FY24 Q2 FY25 Q3 FY25

Q3 FY24 Q2 FY25

e t a D - o t - r a e Y

472

4% ........

452

9M FY24

9M FY25

185

14%

' '

159

189

25%

' '

142

111

49%

' ' , ...

9M FY24

9MFY25

9M FY24

9M FY25

9M F24

9M FY25

I I I I

1 I I I I I I I I I I I I I I I I I I I I I I I I I I

Standalone Financial Highlights of Q3 FY25

Particulars Revenue Operating Expenses EBITDA EBITDA Margin Finance Cost Cash Profit Depreciation

Profit Before Exceptional Items

Exceptional Profit/(Loss)*

Profit After Exceptional Items

Tax Impact Profit After Tax

Q3 FY25 132.7

96.4

36.3

27.4%

3.4

32.3

30.1

2.9

0.0

2.9

0.6

2.3

Q3 FY24 205.2

111.2

94.0

45.8%

3.1

89.4

26.3

64.6

0.0

64.6

1.5

63.2

Revenue YoY- Decline in Revenue is mainly attributable to reduction in deployment of Seamec Swordfish (81), Seamec II(47) and Seamec III(10) coupled with MTM Forex loss in other income.

QoQ – Increase in Revenue is mainly on account of higher deployment of vessels post Monsoon.

SEAMEC LIMITED

Rs. In crore

Q-o-Q%

30%

-1%

-43%

-26%

Q2 FY25 101.7

65.2

36.6

35.9%

3.4

31.1

28.1

5.1

0.0

5.1

2.0

3.0

Y-o-Y%

-35%

-61%

-64%

-96%

EBITDA

YoY- Mainly due to lower deployment days in Seamec Swordfish (81), Seamec II(47) and Seamec III(10) and decrease in Other Income.

QoQ – No Major change in EBITDA due to rise in operating expenses in line with the incremental revenue

Standalone Financial Highlights of 9M FY25

Particulars Revenue Operating Expenses EBITDA EBITDA Margin Finance Cost Cash Profit Depreciation

Profit Before Exceptional Items

Exceptional Profit/(Loss)

Profit After Exceptional Items

Tax Impact Profit After Tax

9M FY25

9M FY24

Y-o-Y%

SEAMEC LIMITED

Rs. In crore

452.2

293.2

159.0

35.2%

10.4

142.5

85.7

62.9

6.1

56.7

472.4

287.8

184.7

39.1%

7.5

188.7

78.1

99.1

13.0

112.1

1.5

110.7

-4%

-14%

-25%

-37%

-44%

-49%

Revenue YoY- Revenue decline mostly due to decrease in charter revenue of Glorious Barge which was on a lumpsum contract during Q1 FY24.

EBITDA

YoY- Mainly due to increase in Manpower Cost due to deployment of Seamec Swordfish on normal charter against Bareboat in 9MFY24 combined with cost of new vessel Seamec Diamond.

Standalone Financial Highlights of 9M FY25

Key Financial Ratios

SEAMEC LIMITED

►

Rs. 191 Cr Gross Debt

(0.15) X Net Debt/Equity

►

Rs. (142) Cr Net Debt

(0.54) X Net Debt/EBITDA

13% ROCE

14% ROE

Consolidated Financial Highlights of Q3 and 9M FY25

SEAMEC LIMITED

Revenue

EBITDA

Cash Profit

PAT

219

110

139

0.2

-3

Q3 FY24 Q2 FY25 Q3 FY25

Q3 FY24 Q2 FY25

Q3 FY25

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - · _________________________________ J ______________________________ _

519

473

181

15%

153

167

14%

144

31%

y l r e t r a u Q

s h t n o M e n N

9M FY24

9M FY25

9M FY24

9M FY25

9M FY24

9M FY25

9M FY24

9M FY25

Consolidated Financial Highlights of Q3 FY25

Particulars Revenue Operating Expenses EBITDA EBITDA Margin Finance Cost Cash Profit Depreciation

Profit Before Exceptional Items

Exceptional Profit/(Loss)*

Profit After Exceptional Items

Tax Impact Profit After Tax

Q3 FY25 139.4

105.1

34.3

24.6%

3.4

30.3

33.5

-2.6

0.0

-2.6

0.6

-3.2

Q3 FY24 219.1

122.7

96.4

44.0%

4.5

90.3

33.9

58.1

1.6

56.4

Y-o-Y%

-36%

-64%

-66%

-105%

-104%

-106%

Q2 FY25 110.3

72..4

37.9

34.4%

4.0

31.8

31.6

2.3

0.0

2.3

2.1

0.2

SEAMEC LIMITED

Rs. In crore

Q-o-Q%

26%

-9%

-5%

-216%

-214%

Revenue YoY- Reduction in deployment days coupled with MTM loss Forex resulted in the decline in Revenue during the quarter.

QoQ – Higher Revenue due to incremental deployment of vessels after the monsoon period.

EBITDA YoY- Lower deployment of vessels and reduction in other income impacted the quarterly EBITDA

QoQ – mainly due to MTM loss in Q3FY25 against MTM profit in Q2 FY25.

Consolidated Financial Highlights of 9M FY25

Particulars Revenue Operating Expenses EBITDA EBITDA Margin Finance Cost Cash Profit Depreciation

Profit Before Exceptional Items

Exceptional Profit/(Loss)*

Profit After Exceptional Items

Tax Impact Profit After Tax

9M FY25

9M FY24

Y-o-Y%

SEAMEC LIMITED

Rs. In crore

472.5

319.7

152.9

32.4%

11.4

144.1

97.2

44.3

8.8

53.1

6.2

46.9

518.7

338.0

180.7

34.8%

11.2

167.4

99.5

70.0

2.1

67.9

-9%

-15%

-14%

-37%

-24%

-31%

Revenue YoY- The decline in revenue was mainly attributable to deployment of Glorious Barge on day rate contract as against lumpsum contract in FY24.

EBITDA

YoY- Mainly on account of higher cost of Seamec Diamond and lower deployment of Seamec Swordfish.

Consolidated Financial Highlights of 9M FY25

Key Financial Ratios

SEAMEC LIMITED

►

Rs. 223 Cr Gross Debt

(0.20) X Net Debt/Equity

►

Rs. (196) Cr Net Debt

(0.81) X Net Debt/EBITDA

9% ROCE

10% ROE

1111

SEAMEC LIMITED

Company Overview

Our Journey

2010

►

Expansion

o Incorporated WOS

“Seamec International FZE”

•

2020-21

Expansion o Stepdown Subsidiary

“Seamate Shipping FZC”

o Formed JV “Seamec

Nirman Infra Ltd” for Tunnel projects

•

1986-2001

►

Origin

o Incorporated as Peerless Leasing Pvt Ltd in 1986 o Acquired by Coflex Stena in

1999

o In 2001 Became part of Technip Group and rechristened as Seamec

•

2014

►

Transformation

o HAL Offshore Acquires Seamec from Technip Group

o Now Part of MMG Group

SEAMEC LIMITED

► •

2023-25

►

Current Status

o Acquisition of Seamec Anant from HAL Offshore Limited (Parent Company) subject to requisite approvals and shareholders approval

o Acquired Aarey Organic

Industries Private Limited to carry out manufacturing, selling, importing, exporting, buying distributing of various types of chemicals.

o Own and operate 5 state-of-

the-art DSV vessels, 1 OSV and 1 accommodation barge facilitating complex subsea operations.

Company Overview

~ SEAMEC LIMITED

SEAMEC Limited is a leading provider of Diving Support Vessels (DSVs) and Offshore Support Vessels (OSVs) with a robust presence both in India and internationally. The company’s fleet includes 5 DSVs, 1 OSV, and 1 Accommodation Barge, all equipped to meet diverse offshore needs. SEAMEC is committed to maintaining high standards, demonstrated by its ISM certification and ISO 31000:2018, ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 certifications.

Seamec International FZE

Seamate Shipping FZC

Seamec Nirman Infra Limited

Seamec UK Investments Ltd

Our Subsidiaries

Incorporated in 2010, our wholly Seamec subsidiary owned actively International bulk engaged in and transportation currently bulk carriers.

FZE, providing services, two

operates

subsidiary FZC by

We recently established a step Seamate down Shipping a strategic joint venture with Arete Shipping DMCC to further expand our bulk carrier operations.

forming

LLP by name

Set-up a JV with M/s. Nayavridhi Seamec Infra Nirman Infra Limited to diversify into EPC and contracts.

tunnel

other

Seamec

It is the wholly owned subsidiary Limited and was of incorporated in March 2023 to explore business opportunities in UK & Europe Region

Aarey Organic Industries Private limited It is the wholly owned subsidiary Limited and was of acquired in May 2023.

Seamec

( ____ )

Current Operations

Offshore Shipping

Bulk Carrier Division

Tunnel Construction

Our fleet of multi-functional DSVs and support vessels, including SEAMEC II, SEAMEC III, SEAMEC PRINCESS, SEAMEC PALADIN, SEAMEC SWORDFISH, SEAMEC DIAMOND, and SEAMEC GLORIOUS, supports a wide range of offshore activities.

Seamec Limited | Investors Presentation

Managed through SEAMEC International FZE and SEAMATE Shipping FZC, operating two bulk carriers, SEAMEC GALLANT and ASIAN PEARL. SEAMEC NIDHI was sold in April 2024.

SEAMEC Nirman Infra Limited undertook the NATM Tunnel construction for the High-Speed Rail Project in Vapi, Gujarat, in a joint venture with Nayavridhi Infra LLP. With completion of 80% of the project, the company has withdrawn from the project with effect from July due to unavoidable circumstances.

Key Competitive Strengths

SEAMEC LIMITED

Strong parentage of MMG strengthening financial position and market reputation

--- ..... .... .. .. ' ' ' ' \

Technical expertise and financial strength boosting us to a leading position in tendering process

--- .....

Low maintenance cost due to proactive preventive maintenance

--- .....

;

___ .,,,. ......

;

I , ,

___ .,,,.

;

...

.. ..

' ' ' ' ' ' 0

A formidable player in offshore shipping backed by India’s largest fleet of multi-support vessels

Vibrant leadership and competent management bandwidth having strong executional capabilities

Healthy Financial position with adequate liquidity providing business flexibility and superior profitability

Competent and prudent commercial management facilitating revenue visibility and superior vessel deployment rates

Broad Range of Services

SEAMEC LIMITED

IMR Operations

ROV Operations

Subsea Construction

Pollution Control

Fire Fighting

Rescue Operations

• Carrying out Inspection, Maintenance, and Repair (IMR) of pipelines, single buoy Mooring, spooling, free span corrections, risers, platforms, PLEMS, and other subsea construction

• Supporting Remotely

• Undertaking operations

• Facilitating pollution

Operated Vehicles (ROVs) through unique Dynamic Positioning System (DP)

• Facilitating safe and unmanned subsea operations where human presence is not viable

such as subsea pipelaying, mooring and de-mooring, installation of risers, and Grouting

control activities through schemers, pollution control booms, and dispersant arms

• Supporting sub-sea fire fighting operations through fire fighting I and II equipment mounted on our vessels

• Undertaking Rescue

Operations by engaging dracon scoop, scramble nets, rescue bucket, and UKOOA

Our Marquee Clients

( ______ )

Oilfield Services

3iltra1;;ff i!ft

@ onoc

L&T Hydrocarbon Engineering

James Fisher and Sons pie

Excellence Through Safety

l(RCI ■ -,

._..,, SUBSEA

Going Beyond Limits

SEAMEC LIMITED

( ___ )

Bulk Carrier Services

United Marine

§:\S-

EAGLE

Promoting Environmental and Oceanic Sustainability

SEAMEC LIMITED

Utilizing Low Sulphur Content Diesel

Adhering to Ballast Water Management (BWM) Regulations

Comprehensive Waste Management procedures

Minimizing Plastic Use

Lowering Consumption of Electricity and Paper

Compliant with IMO regulations

Regularly furnishes fuel consumption report to the Flag State as per IMO guidelines

All vessels fully compliant as per applicable standards.

Compliant with Maharashtra Pollution Control Act

Compliant with BWM regulations to prevent degradation of the marine ecosystem

Ensures proper disposal of e- waste accumulated on vessels through compliant vendors

Implemented 'Single-Use Plastic' policy to minimize plastic use and identify alternatives to plastic in all its operations

Conserving energy by ensuring economic and optimum use of electricity

Minimizing use of paper to bare minimum through well placed operational procedures

Adhering to Highest Safety Standards

Complying with QHSE Standards

We acknowledge our responsibility towards ensuring environmental sustainability and operational safety and strictly adhere to Quality, Health, Safety, Environmental (QHSE) standards.

We are fully compliant with:

ISO 9001:2015

ISO 14001:2018

ISO 45001:2018

Marine Management System Our robust Marine Management System (MMS) provides seamless connect between onshore office staff and vessel operators, ensuring and strengthening operational safety.

Adhering to regulatory requirements, we also carry extensive offshore safety audits of our entire fleet twice a year, ensuring the adequacy of our marine safety operating systems.

SEAMEC LIMITED

SEAMEC: Strong Asset Portfolio

Asset Portfolio – Diving Support Vessels

SEAMEC LIMITED

o Diving Support Vessels are specialized ships designed to facilitate offshore diving operations quipped with dedicated

facilities for divers, advanced diving equipment, and control systems

o DSVs provides services, which include S.B.M maintenance removal and installations, Platform, Riser and Pipeline repairs,

Subsea constructions and Maintenance operations & deployment of ROV

SEAMEC II

Built Year: 1982

Procurement Year: 1993

Gross Tonnage: 4,503

SEAMEC III

Built Year: 1983

Procurement Year: 1993

Gross Tonnage: 4,327

SEAMEC PRINCESS

Built Year: 1984

Procurement Year: 2006

Gross Tonnage: 11,121

Asset Portfolio – Diving Support Vessels

SEAMEC LIMITED

SEAMEC PALADIN

Built Year: 2008

Procurement Year: 2021

Gross Tonnage: 5,648

SEAMEC SWORDFISH

Built Year: 2007

Procurement Year: 2023

Gross Tonnage: 5,372

Asset Portfolio – Offshore Support Vessels

SEAMEC LIMITED

o Offshore Support Vessels (OSVs) are specially designed ships for the logistical servicing of offshore platforms and subsea

installations, from installation through the full-service life of offshore fields

o They are integral to getting supplies and materials where they need to go, as well as building and repairing offshore

equipment. Their versatility means they can be built for just about any type of project

o We added Seamec Diamond to our fleet portfolio in December

Seamec Diamond

Built Year: 2011

Procurement Year: 2023

Gross Tonnage: 1,922

Asset Portfolio – Barge

SEAMEC LIMITED

o A barge is a specialized watercraft designed for transporting goods and commodities on navigable waterways such as

rivers and canals.

o Its distinctive flat-bottomed structure allows it to navigate shallow waters, making it well-suited for inland

transportation.

o One of the key features of barges is their significant cargo capacity, ranging from a few hundred to several thousand tons.

This makes them highly cost-efficient for transporting bulk cargo

SEAMEC GLORIOUS (BARGE)

Built Year: 2006

Procurement Year: 2021

Gross Tonnage: 8,950

Asset Portfolio – Bulk Carrier

o Bulk carriers are specialized vessels designed for the efficient transportation of large quantities of dry bulk cargo, including commodities

like coal, iron ore, and grains.

o We own and operate three main fleet shipping bulk carriers of varying tonnage capacities, positioning us to capitalize

opportunities in changing market conditions.

o SEAMEC GALLANT is operated under our wholly-owned subsidiary “Seamec International FEZ” and ASIAN PEARL is operated under our

Step Down Subsidiary – “SEAMATE Shipping FZC”

o SEAMEC NIDHI which was operated under our wholly-owned subsidiary “Seamec International FEZ” is sold on 6th April 2024.

SEAMEC LIMITED

SEAMEC GALLANT

Built Year: 2011

Procurement Year: 2017

Category: Handymax

Gross Tonnage: 32,289

ASIAN PEARL

Built Year: 2003

Procurement Year: 2020

Category: Handymax

Gross Tonnage: 27,989

SEAMEC LIMITED

Indian Industry Landscape

Future Outlook for India’s Oil & Gas Sector

Crude Oil Consumption

• Forecast Growth: CAGR of 4.59%, reaching 500 million

tonnes by FY40 from 223 million tonnes in FY23

• Barrel Consumption: o FY22: 4.05 MBPD o 2030: 7.2 MBPD o 2050: 9.2 MBPD

•

Diesel Demand

• Projected Increase: Expected to double to

163 MT by 2029-30

• Oil Demand Composition: Diesel and

petrol to cover 58% of oil demand by 2045

SEAMEC LIMITED

Energy Demand

• Growth Rate: Faster than all major global

economies

• Global Share: Projected to double by 2035

•

Refining Capacity

• Additions by 2028: 56 MTPA to reach 310

MTPA domestic capacity

• Future Plans: Double refining capacity to 450-

500 million tonnes by 2030

Natural Gas Consumption

• Growth Forecast: CAGR of 12.2%,

reaching 550 MCMPD by 2030 from 174 MCMPD in 2021

Source: IBEF Data

Recent Developments and Investments in India's Oil & Gas Sector

SEAMEC LIMITED

Investments

• FDI Inflows: US$ 8.19 billion in petroleum and natural gas sector (April 2000 - March

2024)

Production

• Crude Oil Production: 29.4 MMT during April - March 2024 • Peak Production Forecast: Expected mid-decade peak between 2023-2032, around 2027,

driven by KG-Basin projects

Demand

• Oil Demand Growth: Expected increase of 220,000 barrels per day to 5.57 million barrels

per day in 2024, up 4.19% from 2023 (OPEC estimate)

Government Initiatives

• Strategic Investment Plan: US$ 67 billion investment for Indian gas sector over next 5-6

years (February 2024)

• Excise Duty Reduction: Rs. 8 (US$ 0.10) per litre on petrol and Rs. 6 (US$ 0.077) per litre

on diesel (May 21, 2022)

Source: IBEF Data

Union Budget 2025 Announcements

SEAMEC LIMITED

• Maritime Development Fund with a corpus of Rs 25,000 Crore will be set up

for long-term financing for the maritime industry with upto 49% contribution by government and balance from ports and private sector.

• Shipbuilding Clusters will be facilitated to increase the range, categories and capacity of ships. This will include additional infrastructure facilities, skilling and technology to develop the entire ecosystem.

• Large ships above a specified size will be included in the infrastructure

Harmonized master list*

• Exemption of Basic Custom’s Duty (BCD) on raw materials, components, consumables or parts for the manufacture of ships for another 10 years . Same dispensation for ship breaking.

• The benefits of existing tonnage tax scheme are proposed to be extended to inland vessels registered under the Indian Vessels Act, 2021 to promote inland water transport in the country,”

*The Harmonized Master List (HML) of Infrastructure is a list of infrastructure sub-sectors that the central government of India uses to guide agencies that support infrastructure.

Offshore Support Vessel Market Overview (2022 - 2027)

________________ ___.

SEAMECLIMITED

Key Drivers

Rising Demand Increased global need for oil and natural gas

E&P Activities Higher investments in exploration and production

Advanced Technologies Innovations in deep-water and ultra-deep-water exploration

•

Industry Trends • • •

Expansion of production capabilities. Enhanced supply chain resilience. Focus on energy security and resource extraction

Market Growth Forecast

USD 525.58 million Increase

Economic Impact: •

Significant influence on global economic development. Shaping the future of energy production and consumption

5.41% CAGR

Market Size Outlook (USD Million)

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Driving Growth in Offshore Oilfields

SEAMEC LIMITED

1614

14%

629

*Fig in USD Mn

Why Offshore Exploration ? • Depletion of Onshore Reserves: As onshore oil reserves are exhausting; focus

is shifting to offshore exploration.

• Higher Potential: Offshore oilfields present significant opportunities due to

•

their lower depletion rates and greater production capacity. Increased Investment: There is a surge in investment in ultradeep and deepwater drilling. Support from Stakeholders: Both state and private entities are actively supporting efforts to unlock offshore resources.

Strategic drivers for Offshore Exploration: • Oil Price Volatility: Rising fuel prices due to global crude oil price fluctuations and supply chain disruptions are encouraging the search for new reserves. • Geographic Advantage: India’s extensive coastline, encompassing 7,517 km,

•

is well-suited for offshore drilling. Technological and Policy Support: Innovations in technology and supportive governmental policies are enhancing offshore exploration prospects. Future Energy Solutions: Offshore oilfields are expected to play a key role in fulfilling India’s future energy requirements.

FY2024

FY2031

"With a projected 14% CAGR from FY2024 to FY2031, India's oilfield services market is set to expand significantly, reflecting increasing fossil fuel demand driven by population growth and rising vehicle ownership."

Seamec Limited | Investors Presentation

Indian Offshore Oilfield Industry

SEAMEC LIMITED

~----------------------------------------------- , I

Current Oil Industry Dynamics

--------------------------------------------

India currently imports about 85% of oil and about 50% gas that it consumes. Fuelled by the fast growth in GDP, the rising demand for fuel has resulted in India importing almost 87% of its domestic consumption in FY 2022-23.

',_____________________________________________________________________________________________________________________________

Production and Consumption - INDIA

Imports, Exports & dependency for petroleum - INDIA

276.1

85.0

84.4

85.5

87.3

87.8

214.1

194.3

201.7

223.0

32.2

30.5

29.7

29.2

29.4

25.1

11.4

19.5

7.3

23.6

10.6

25.8

12.8

23.0

10.9

2019-20

2020-21

2021-22

2022-23(P)

2023-24(P)

2019-20

2020-21

2021-22

2022-23(P)

2023-24(P)

(P): Provisional

• •

Crude Oil Production India MMT

Consumption of Petroleum Products in India MMT

(P): Provisional

Source: PPAC Ready reckoner, Monthly (May-2024)

Source: PPAC

• • •

Gross Petroleum imports as % of India’s gross imports in value terms %

Gross Petroleum exports as % of India’s gross exports in value terms %

Imports Dependency (based on Consumption)%

-, \ I I I I I I I I I

~ ,

ONGC – A Key Oil & Gas Player

India has signed contracts for ten oil and gas exploration blocks offered under the recent Open Acreage Licensing Policy (OALP-VIII) bid round. ONGC emerged as the dominant player in the OALP-VIII bid round, securing seven out of ten blocks

Reserves (2P) MMTOE

Crude Oil Production (MMT)

Reserve Accretion (2P) MMTOE

2.64

2.26

2.16

1.90

1.67

752

721

710

716

704

FY20

FY21

FY22

FY23

FY24

•

ONGC Standalone

Discoveries during FY24

FY20

FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

FY24

•

Sr. No. 1 2 3 4 5 6 7 8 9 10 11

Basin/ Block KG Onland KG Onland A&AA A&AA A&AA Western Onland Mumbai Offshore (SW) Mumbai Offshore (SW) Mumbai Offshore (SW) Mahanadi Offshore (DW) Mahanadi Offshore (DW)

Source: #ONGC annual report

Discovery well Gopavaram-21 (GMDL) South Mahadevapatnam-2 (SMA-AD) Chitabari-1 (GOAI_SUB) Tulamura-3 (TMAB) East Lakhibari-6 (ELDA) West Amod-1 (CBONHP212A-A) MBS182HDA-1 (MBS182HDAA) "MUNGA" MBS181HCA-1 (MBS181HCA-A) “MOTI” ST-6 (ST-A)"Pukhraj" MDW-27 (MNDW181H-A-A) “Utkal” MDW-26 (MNDW181H-B-A) “Konark”

Acreage Srikatpalli-Pasarlapudi-24 & Gopavaram PML Mahadevapatnam PML Gojalia PML West Tripura East Lakhibari PML OALP : CB-ONHP-2021/2 OALP: MB-OSHP-2018/2 OALP: MB-OSHP-2018/1 Mid-South Tapti PML MN-DWHP-2018/1 MN-DWHP-2018/1

Discovery Type Pool Pool Pool Pool Pool New Prospect New Prospect New Prospect New Prospect New Prospect New Prospect

Hydrocarbon Type Oil & Gas Gas Gas Gas Oil Oil & Gas Oil & Gas Oil & Gas Oil & Gas Gas Gas

SEAMEC LIMITED

Experienced Management Team

SEAMEC LIMITED

Board of Directors

Key Management

Mrs. Ruby Srivastava IRS (Retired) Independent Woman Director Retired Civil servant in the Government of India, with more than 35 years experience of overall experience. During her illustrious career, she had many coveted posts, including Director Finance and Chief Financial Officer of Nuclear Power Corporation of India Ltd. She was superannuated in the rank of Principal Chief Commissioner Income Tax.

Mr. Rakesh Ayri Chief Executive Officer 40 Yrs experience in Oil & Gas Industry, ship management, sea faring and entrepreneurship.

Mr. Raghav Chandra IAS (Retired) Independent Director Retired Civil Servant with Government of India, superannuated to the rank of Secretary. Holds expertise in the fields of Infrastructure, Sustainability and arts at National level. His extensive experience includes Highway development and management Housing and Urban Infrastructure development, Industrial Infrastructure and Public-Private Partnerships.

Mr. Vinay Kumar Agarwal Chief Financial Officer 25 + Yrs in Finance & Accounts financial governance and compliance, and lead new initiatives to effectively manage business objectives.

Dr. Amarjit Chopra Independent Director PHD on “NPA Management in Banks-A comparison of Public & Private Sector Banks in India” Holds about 50 Yrs Industry Experience and has held key positions on the Board of Bank of Baroda and Indian Bank as a Nominee of Government of India. Member of Standing Committee on Corporate Laws since 3 years.

Mr. S. N Mohanty President - Corporate Affairs, Legal & CS 30+ Yrs experience in corporate affairs, Compliance, Corporate Governance, legal, Commercial, Procurement, HR & Other areas

Mr. Naveen Mohta Whole Time Director 20+ Yrs in Industry Experience with Expertise in Operations & Commercials in offshore fleets

Mr. Rajeev Goel Non-Executive Director Mr. Rajeev Goel is the Director and CFO of Connaught Plaza Restaurants Private Limited (CPRL), overseeing McDonald's in North and East India. With 25+ years of experience, he has led key acquisitions, including that of the Company and McDonald's business of HAL Offshore Limited, and played a major role in expanding Coca-Cola's distribution for Moon Beverages Limited, a group company.

Mr. Sanjeev Agrawal Chairman Qualification: Masters in Commerce, Masters of Business Administration from Coca-Cola University, Atlanta, USA

Experience: Mr. Sanjeev Agrawal is one of the founder of MMG Group. Over the last 26 years, he has played an instrumental role in successfully scaling and business interests in various fields including Off- subsea shore activities, Food & Beverages, Education, Hospitality and Real Estate.

diversifying

complex

group’s

vessels

for

For further information, please contact:

Registered & Corporate Office A 901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Andheri East, Mumbai - 400 093 Tel: (022) 6694 1800 Fax: (022) 6694 1818 Email: contact@seamec.in Website: www.seamec.in

For more information Sunil Gupta VP- Strategy & Investor Relations Email :- sgupta@seamec.in Phone :- +91 9811347372

Investor Relations Advisors :

Orient Capital (a division of Link Group)

Mr. Nikunj Jain +91 9769060608 nikunj.jain@linkintime.co.in

Ms. Nidhi Vijaywargia +91 9923450804 nidhi.vijaywargia@linkintime.co.in

Thank You

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