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    SBMO   NL0000360618

SBM OFFSHORE N.V

(SBMO)
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SBM Offshore N : SBM Offshore signs FPSO Almirante Tamandaré contracts

07/28/2021 | 03:53am EDT

Press Release

SBM Offshore signs FPSO Almirante Tamandaré contracts

July 27, 2021

SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 26.25 years lease and operation of FPSO Almirante Tamandaré. These contracts follow the signing of the binding Letter of Intent as announced on February 25, 2021.

FPSO Almirante Tamandaré will be deployed at the Búzios field in the Santos Basin approximately 180 kilometers offshore Rio de Janeiro in Brazil. SBM Offshore is progressing with the design and construction using its industry leading Fast4Ward® program. Delivery of the FPSO is expected in the second half of 2024.

SBM OFFSHORE N.V. Press Release - July 27, 2021

1

Press Release

Corporate Profile

The Company's main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.

As of December 31, 2020, the Company employs approximately 4,570 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.

SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.

Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies "SBM Offshore" or "the Company" are sometimes used for convenience.

For further information, please visit our website at www.sbmoffshore.com.

The Management Board

Amsterdam, the Netherlands, July 27, 2021

Financial Calendar

Date

Year

Half Year 2021 Earnings - Press Release

August 5

2021

Trading Update 3Q 2021 - Press Release

November 11

2021

Full Year 2021 Earnings - Press Release

February 10

2022

Annual General Meeting

April 6

2022

Trading Update 1Q 2022 - Press Release

May 12

2022

SBM OFFSHORE N.V. Press Release - July 27, 2021

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Press Release

For further information, please contact:

Investor Relations

Bert-Jaap Dijkstra

Group Treasurer and IR

Mobile: +31 (0) 6 21 14 10 17

E-mail: bertjaap.dijkstra@sbmoffshore.com

Website: www.sbmoffshore.com

Media Relations

Vincent Kempkes

Group Communications Director

Mobile: +377 (0) 6 40 62 87 35

E-mail: vincent.kempkes@sbmoffshore.com

Website: www.sbmoffshore.com

Disclaimer

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company's business to differ materially and adversely from the forward- looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "may", "will", "should", "would be", "expects" or "anticipates" or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.

SBM OFFSHORE N.V. Press Release - July 27, 2021

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Disclaimer

SBM Offshore NV published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 07:52:03 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 2 548 M - -
Net income 2021 110 M - -
Net Debt 2021 5 442 M - -
P/E ratio 2021 25,2x
Yield 2021 5,46%
Capitalization 3 279 M 3 278 M -
EV / Sales 2021 3,42x
EV / Sales 2022 3,46x
Nbr of Employees 4 506
Free-Float 75,5%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 9
Last Close Price 17,57 $
Average target price 23,32 $
Spread / Average Target 32,7%
EPS Revisions
Managers and Directors
Bruno Yves Raymond Chabas Chief Executive Officer
Douglas H. M. Wood Chief Financial Officer
Roeland Ijsbrand Baan Chairman-Supervisory Board
Philippe Barril Chief Operating Officer
Erik Lagendijk Chief Governance & Compliance Officer
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