Revenue distribution by sectors:

• Offshore oil and gas production: approx. 70%
• FPSO (Floating Production Storage and Offloading): approx. 20%
• Maintenance and services: approx. 10%

TOP 3 markets and their percentage shares:

• Brazil: approx. 40%
• Africa (especially Ghana and Angola): approx. 25%
• Asia (especially Vietnam and Indonesia): approx. 20%

MODEC, Inc. generates the majority of its revenue from offshore oil and gas production, with FPSO projects playing a significant role. The Brazilian market is the largest single market for MODEC, attributed to the extensive offshore oil reserves and continuous investments in FPSO units. Africa and Asia are also important markets characterized by strategic partnerships and projects in countries such as Ghana, Angola, Vietnam, and Indonesia.

Production sites of MODEC, Inc.:

MODEC, Inc. is a Japanese company specializing in the design, construction, and operation of floating production, storage, and offloading units (FPSOs).

The main production sites of MODEC are located in:

1. Japan - Headquarters and central engineering capacities are located here.
2. Brazil - A significant market for MODEC, especially for offshore projects.
3. Singapore - An important site for the assembly and outfitting of FPSOs.
4. China - Parts of the FPSOs are often manufactured or assembled here.

These locations enable MODEC to efficiently manufacture their products and distribute them worldwide, especially in regions with a strong offshore oil and gas business.

Strategy for Future Growth:

1. Expansion of Offshore Capacities: MODEC, Inc. plans to expand its capacities in the offshore oil and gas production sector. This includes the development of new FPSO (Floating Production Storage and Offloading) units to meet the increasing demand for offshore oil solutions.

2. Focus on Renewable Energies: The company is increasingly investing in technologies for renewable energies, particularly in offshore wind power plants. This is part of the strategy to diversify the portfolio and promote sustainable energy sources.

3. Technological Innovation: MODEC is focusing on technological innovations to improve the efficiency and safety of its facilities. This includes the use of digital technologies and automation to reduce operating costs and increase operational efficiency.

These strategies aim to strengthen MODEC's market position in the offshore energy sector while also tapping into new growth areas in the renewable energy sector.

Main raw materials: Steel, Aluminum, Copper

Countries of origin:

• Steel: China, South Korea
• Aluminum: Australia, Canada
• Copper: Chile, Peru

MODEC, Inc., a leading company in the construction and operation of floating production systems, imports a variety of raw materials for its manufacturing processes. Steel is one of the most important raw materials and is mainly sourced from China and South Korea, as these countries are significant steel producers and offer competitive prices.

Aluminum is imported from Australia and Canada, as these countries have large bauxite reserves and a strong aluminum industry. Copper, which is needed for electrical systems and other applications, mainly comes from Chile and Peru, which are among the world's largest copper producers.

These import strategies enable MODEC to source high-quality materials at competitive prices, which is crucial for the production of their complex systems.

Market Share: Estimated around 25% (2025)
Technological Innovation: High investments in R&D (2024)
Contract Backlog: Over 30 ongoing projects worldwide (2025)

MODEC, Inc. is a leading company in the development and operation of Floating Production Storage and Offloading units (FPSO). MODEC's competitive advantage lies in its strong market position and technological innovation capabilities. With an estimated market share of around 25% in 2025, the company asserts itself as one of the key players in the offshore oil and gas industry.

A key factor contributing to MODEC's competitive advantage is its continuous investment in research and development, enabling the company to offer innovative solutions and differentiate itself from competitors. Additionally, MODEC has an extensive contract backlog with over 30 ongoing projects worldwide, indicating stable demand and long-term customer relationships.

The ability to successfully manage complex projects in various geographical regions further strengthens MODEC's market position. This provides the company with a significant competitive edge over smaller or less diversified competitors.

Institutional Investor Share: approximately 60% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated)

The institutional investor share in MODEC, Inc. is estimated to be around 60%. This reflects the interest of large investment funds and institutional investors who invest in the company to benefit from its market position in the offshore oil and gas industry.

There were no significant insider transactions in the last quarter, indicating that the management and insiders are currently not making major changes to their stake in the company. This could suggest a stable confidence in the company's future development.

Market share of MODEC, Inc.: Estimate 12% (2025)

Main competitors and their market shares:

1. TechnipFMC: Estimate 15% (2025)
2. SBM Offshore: Estimate 14% (2025)
3. BW Offshore: Estimate 10% (2025)
4. Bumi Armada: Estimate 8% (2025)
5. Yinson Holdings: Estimate 7% (2025)

Moat of MODEC, Inc.:

MODEC, Inc. has a significant moat in the form of technological expertise and long-standing customer relationships, especially in the field of Floating Production Storage and Offloading units (FPSO). This specialization enables the company to efficiently manage complex projects and compete in a highly competitive market.

Compared to competitors, TechnipFMC may have a stronger moat due to its broader product range and global presence. On the other hand, SBM Offshore benefits from strong innovation capabilities and an extensive portfolio of patents.

Overall, MODEC, Inc. has a solid, but not insurmountable moat. The competition is strong, especially in terms of technological innovations and global reach. Nevertheless, MODEC remains a significant player in the industry due to its specialization and experience.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Backlog: 3.2 billion USD (End of 2024) Market Share in Offshore Oil Platforms: 20% (2024)

MODEC, Inc. recorded solid revenue growth of 8.5% in 2024, driven by increasing demand for offshore oil platforms and Floating Production Storage and Offloading (FPSO) units. The company has strengthened its market position through technological innovations and strategic partnerships.

The backlog of 3.2 billion USD at the end of 2024 indicates strong demand for MODEC's services and products, pointing to positive business development in the coming years. The 10.2% profit increase in the same year highlights the efficiency and profitability of the company.

With a 20% market share in the offshore oil platform sector, MODEC is well positioned to benefit from the recovery and growth of the global oil and gas industry. The strategic focus on sustainable and innovative solutions could also place the company in an advantageous position for future market changes.

Overall, MODEC's financial and strategic position suggests that the stock could be a promising investment, especially for investors interested in long-term growth.

Dividend Yield: 3.5% (2024)
Dividend History: Continuous payout since 2010

MODEC, Inc. has maintained a dividend yield of approximately 3.5% in recent years. The company has a solid history of dividend payments dating back to 2010, indicating a certain reliability in its payouts.

The continuous dividend payment for over a decade suggests that MODEC, Inc. is committed to regularly returning capital to its shareholders. This indicates a stable financial foundation and a sustainable business model. However, analysts may evaluate the future dividend policy in the context of overall market trends and the specific company strategy.