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PT WINTERMAR OFFSHORE MARINE TBK
RESULTS FOR 1H 2025
30 JULY 2025
INVESTOR RELATIONS
investor_relations@wintermar.com
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Wintermar – Leading Domestic OSV Operator
Company Overview
- Established in 1970 with over 54 years of
experience, is the operator of choice for offshore
support vessels, serving leading clients like BP, Strong Regional
ENI, Brunei Shell, and ExxonMobil. Presence
- Operates the largest fleet of Dynamic Positioning
(DP) vessels in Indonesian.
- National company operating to international
standards and is certified with ISO 9001:2015, ISO
14001:2015, and ISO 45001:2018.
- Experience with operations across 13 countries in Operates the largest domestic fleet of PSV*
Asia, the Middle East, and Africa, a seasoned Dynamic Positioning
Owned Vessels High Tier Vessels
management team and serves high-quality (DP) Vessels
multinational oil and gas clients.
44 16 11
- The fleet includes 44 offshore vessels, providing a
broad spectrum of services like rig moves, crew
Growing fleet with strong financials**
changes, emergency rescue, offshore supply,
subsea support, and accommodation. Consolidated Cash EBITDA Capex Utilized
Net Gearing Ratio
and Equivalents 1H2025 1H2025
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Business Segment
Vessel composition - June 2025
1. Owned Ship Division
• The Owner and operators of a diverse 11
fleet of Offshore Vessels
High Tier
2. Chartering Division
• The use of third-party vessels to
support customer needs. 31
Mid Tier
3. Ship Management and Other Services
• Manage third party fleet including crew
management, technical, maintenance,
operation and providing agency 2
services. Low Tier
• Holding marketing rights to third party
fleets.
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Diversified OSV fleet providing all
essential services throughout the project cycle
Renewable Energy
Production,
Exploration and Field development
Seismic, survey maintenance and Decommissioning Offshore Wind
drilling and Construction
repair
WINS AHT, AHTS, PSV, FMPV, AHTS, PSV, FMPV AHT, AHTS, PSV, HLB AHTS, PSV, FUV, FMPV, AHTS, PSV, HLB AHTS, PSV, HLB
Vessel FUV UV, DSV
Segment
Key Client PSV vessels are Wintermar's DP AHTS Versatile fleet is crucial Once production Once oil and gas fields have Has significant potential to
Offerings modified to carry are employed in towing due to clients' demands commences arrange of reached their end of life, it serve a large client base in
seismic equipment for and positioning rigs for for ample cargo carrying vessel are required for becomes necessary to plug, the renewable energy
seabed and exploration. capacity, regular supply abandon, decommission, sector.
infrastructure surveys. PSVs are suited for accommodation for consumables, cargo remove, and recycle the
supporting deepwater clients, towing runs and crew change. infrastructure both above Wintermar can provide a
Other vessels like AHTS exploration using capabilities, and for and below the sea surface. wide range of Offshore
can be utilized as drillship and transporting large Additionally, these Wind services including
supporting vessels to semisubmersible rigs. offshore structures. versatile vessels are AHTS and PSV vessels surveying, towing,
support seismic PSV offers large cargo utilized for inspecting, provide a comprehensive installation, maintenance,
activities. space for both fixed and maintaining, and range of capabilities for and repair activities.
floating rigs. repairing subsea and these tasks.
platform structures.
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Strong Local and International Presence
Thailand
India UAE
Vietnam
Qatar Myanmar
Taiwan Micronesia
Brunei
Malaysia
Indonesia
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Strength in Safety and Quality Attracts and
Retains Clients
Awards
Wintermar Integrated Safety Program
• Leadership Visit Zero Incidents
• Life Saving Rules
• Reflective Video
• Safety Pyramid
Bisnis Indonesia Katadata ESG
• Learning Engagement tool Awards 2024 Index Awards
2024
Foundation
• Resilience
• Mental Wellbeing
• Human Performance
Best Inter-
No injury Zero incidents Platform Boat
InvestorTrust
Awards 2025
(IPB) 2024
(PHE OSES)
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INDUSTRY
HIGHLIGHTS
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More global
Oil demand E&P capex
is projected needed
to continue to close
rising
supply-demand gap
May 2025
Source: IEA, June 2024
• Global demand for oil projected to rise in coming years to 105.7 million barrels per day (mb/d) by 2030,
driven by growth in Asia and non-OECD countries.
• Total supply projections is insufficient to cater to the growing demand for oil. 8
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Global capex spending miles away from
previous up-cycle
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• Investment in oil and gas is still far below the previous peak in 2014
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Offshore becoming a higher share of global
investment in oil and gas
Decade of deepwater
expansion.
• Deepwater investments are
forecasted to increase
significantly, with approvals
expected to exceed over
USD126 billion by 2027
• These projects require OSVs
equipped with Dynamic
Positioning (DP) 2
Source : Rystad Energy, October 2024
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Energy demand has grown significantly,
pushing demand for fossil fuels
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Global E&P shift in focus of investments -
from renewables back into oil and gas
ExxonMobil
Global oil majors
are also pivoting
back to oil and gas
post 2025
Source: Rystad Energy, March 2025 12
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Southeast Asia positioned for significant
jump in gas investments
Source: Rystad Energy, July 2024 Source: Rystad Energy, July 2024
• Planned investments in Southeast Asia's offshore gas projects are expected to hit $100 billion, propelled
by deepwater developments and significant gas discoveries in Indonesia and Malaysia.
• Major and national oil companies lead significant investments, highlighted by key projects in Indonesia
like Inpex's Abadi LNG, Eni’s deepwater development, and BP’s Tangguh Ubadari Carbon Capture.
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Limited supply of PSV from lack of
newbuilds in past 10 years
WINS
PSV size
WINS
AHTS
Size
Source: Clarksons, May 2025 Source: Fearnleys, July 2025
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Global PSV demand likely to outpace supply
even on conservative estimates
Source : Rystad Energy, July 2024
Source : Clarksons, May 2025
Source: Clarksons, May 2025
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Indonesia moves ahead with several
significant upstream oil and gas projects
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Four new working areas in progress,
expecting production from 2027 onwards
Blok Andaman Blok Jangkrik &
Blok IDD
Blok Tangguh
Blok Masela
Sumber : SKK Migas, Mei 2024
• There are significant projects underway in Indonesia which are still in early stages of development but have huge
potential – Andaman, IDD/Kutei basin, Abadi-Masela and Tangguh’s carbon capture project 17
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Indonesia’s investment in upstream Oil and
Gas has risen steadily since 2022
Total investment
for 4 months Jan to
April 2025
Source: SKK Migas June 2025
• Indonesia’s upstream spending has grown since 2022, with 2025 is likely to see significant growth as
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new projects commence.
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OPERATIONAL
& FINANCIAL
HIGHLIGHTS
WILL BE RELEASED AFTER
THE ANNOUNCEMENT OF
Q2 RESULTS ON 29 JULY 2025
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THANK YOU!
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DISCLAIMER:
Certain statements made in this presentation involve a number of risks and
uncertainties that could cause actual results to differ materially from those
projected. Certain statements relating to business and operations of PT
Wintermar Offshore Marine Tbk and Subsidiaries (the Company) are based on
Investor Relations Contact:
management’s expectations, estimates and projections. These statements are
not guarantees of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Certain statements are based upon
Pek Swan Layanto CFA
assumptions as to future events that may not prove to be accurate. Therefore,
investor_relations@wintermar.com
actual outcomes and results may differ materially from what is expressed or
forecasted in such statements. The Company makes no commitment, and
disclaims any duty, to update or revise any of these statements. This
presentation is for informational purposes only and is not intended as a
solicitation or offering of securities in any jurisdiction. The information contained
in this presentation is not intended to qualify, supplement or amend information
disclosed under corporate and securities legislation of any jurisdiction applicable
to the Company and should not be relied upon for the purpose of making
investment decisions concerning any securities of the Company.
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