Industry Revenue Breakdown:

• Offshore Oil and Gas Industry: approximately 70%
• Renewable Energies (especially Offshore Wind): approximately 20%
• Other Services (e.g. Maintenance and Operations): approximately 10%

TOP 3 Markets:

1. Brazil: approximately 40%
2. West Africa: approximately 25%
3. North Sea: approximately 15%

SBM Offshore N.V. generates the majority of its revenue from the offshore oil and gas industry, with Brazil as the leading market playing a significant role. The diversification into renewable energies, especially offshore wind, demonstrates the company's commitment to adapting to global energy transition trends.

West Africa and the North Sea are also important markets, standing out for their abundant offshore resources and strategic importance for energy supply. These regions significantly contribute to the company's revenue and offer potential for further growth.

Production Sites:

SBM Offshore N.V. mainly produces its products in the following regions:

• Brazil: SBM Offshore operates several sites here, focusing on the manufacturing and assembly of floating production, storage, and offloading units (FPSOs).
• Asia: Particularly in countries like Singapore and China, where the shipbuilding industry is well established, parts of the FPSOs are manufactured and assembled.
• Europe: The company's headquarters is located in the Netherlands, where some of the engineering and design work is also carried out.

SBM Offshore is known for its specialized offshore production systems used worldwide in the oil and gas industry. The strategic placement of production sites enables the company to efficiently respond to demand in different markets and optimize logistics costs.

Revenue growth: 8.5% (estimated for 2024)
Investments in renewable energies: 20% of the investment budget (planned for 2025)

SBM Offshore N.V. pursues a strategy focused on diversification and sustainability. The company plans to strengthen its traditional business in the floating production systems sector while increasing its investments in renewable energies.

A key component of the growth strategy is the development and implementation of technologies for floating offshore wind turbines. SBM Offshore has announced plans to invest approximately 20% of its investment budget in renewable energies by 2025 to benefit from the global energy transition.

Additionally, the company is focusing on digital transformation and efficiency improvements in its operations to increase profitability and reduce operating costs. These measures are intended to solidify SBM Offshore's market position in a rapidly changing energy market.

Main raw materials: Steel, Aluminum, Copper, Special Alloys

Countries of origin: China, Brazil, South Korea, Norway

SBM Offshore N.V. is a company specializing in the design, supply, and operation of floating production and storage facilities for the offshore oil and gas industry. To manufacture these complex facilities, the company imports a variety of raw materials and materials.

Steel and aluminum are essential materials for the construction of the floating structures. These are mainly sourced from China and South Korea, as these countries are leading producers of metals and offer competitive prices.

Copper, needed for electrical systems and wiring, is often imported from Brazil, one of the largest copper producers worldwide.

Special alloys and other highly specialized materials required for the demanding conditions of the offshore environment are often sourced from Norway, known for its advanced metallurgical technologies.

Market Share: 20% (estimated, 2025)
EBITDA Margin: 30% (2024)
R&D Expenses: 5% of revenue (2024)

SBM Offshore N.V. has a significant competitive advantage in the offshore oil and gas industry, primarily due to its strong market position and technological leadership. With an estimated market share of 20% in 2025, the company is one of the key players in this sector.

The EBITDA margin of 30% in 2024 demonstrates the efficiency and profitability of the company, indicating effective cost control and high operational efficiency. This metric is above average compared to many competitors.

Additionally, SBM Offshore continuously invests in research and development, amounting to 5% of revenue in 2024. This underscores the company's commitment to developing innovative solutions and securing its technological leadership, which represents another competitive advantage.

Institutional Investor Share: approximately 60% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant transactions in the last six months (estimated for 2025)

The institutional investor share in SBM Offshore N.V. traditionally stands at around 60%, indicating the trust of large investment funds and institutional investors in the company. These investors typically value the stability and growth potential of SBM Offshore.

Regarding insider buys and sells, there have been no significant transactions in recent months. This could suggest that the management and other insiders currently do not expect significant changes in the stock price or that they are satisfied with the current company strategy.

Market share SBM Offshore N.V.: 12% (2025, estimated)

Top competitors and their market shares:

1. TechnipFMC: 15%
2. Saipem: 14%
3. SBM Offshore N.V.: 12%
4. MODEC: 10%
5. Aker Solutions: 8%
6. McDermott International: 7%
7. Boskalis: 6%
8. Subsea 7: 5%
9. Petrofac: 4%
10. Wood Group: 3%

SBM Offshore N.V. is a leading provider in the field of floating production systems and has secured a significant market share through its specialized technology and long-standing experience. SBM Offshore's moat lies primarily in its technological expertise and extensive portfolio of patented solutions, enabling the company to offer tailored solutions for complex offshore projects.

Compared to its competitors, SBM Offshore has a strong focus on innovation and sustainability, which are increasingly important in the industry. However, TechnipFMC and Saipem are also well-positioned, particularly due to their comprehensive services and global networks, providing them with broad access to various markets.

Overall, SBM Offshore has a solid moat, but competition in the industry is intense, and competitors are also heavily investing in technology and innovation to strengthen their market position.

Revenue Growth: 8.5% (2024) EBITDA Margin: 35% (2024) Backlog: $29 billion USD (2024)

SBM Offshore N.V. recorded a revenue growth of 8.5% in 2024, driven by strong demand for its floating production and storage solutions services. The EBITDA margin of 35% demonstrates solid profitability and efficiency in its operations.

The backlog of $29 billion USD indicates a strong future revenue stream, providing the company with a certain level of stability and predictability. This is particularly important in the offshore oil and gas industry, characterized by long-term projects.

In summary, SBM Offshore N.V. represents an attractive investment opportunity due to its solid revenue growth, high profitability, and extensive backlog. However, potential investors should also consider general market conditions and specific risks in the offshore industry.

Dividend Yield: 5.0% (estimated for 2025)
Dividend History: Stable payouts over the last 5 years

SBM Offshore N.V. has pursued a consistent dividend policy in recent years. The company has regularly distributed dividends, indicating a reliable payout policy.

The estimated dividend yield of 5.0% for 2025 is based on the assumption that the company will maintain its dividend policy and continue to generate stable earnings. Historically, SBM Offshore has demonstrated solid financial performance, supporting the reliability of dividend payments.