Highlights

Record-level Directional[i] Revenue of US$4.5 billion (+38%), above guidance
Record-level Directional EBITDA of US$1.3 billion (+31%), in line with guidance
US$30.3 billion Directional backlog; US$9.3 billion or EUR46.6/share[ii] Directional net cash from L&O and BOT[iii] backlog[iv]
Evolving shareholder return policy: flexibility to pay committed annual cash return via dividend and share repurchase
12% increase in annual cash return to shareholders of US$220 million
Cash return composed of US$150 million proposed dividend and EUR65 million (US$70 million equiv.[v]) share repurchase
2024 Directional Revenue guidance of around US$3.5 billion
2024 Directional EBITDA guidance of around US$1.2 billion
Successful sale of FPSO Liza Unity, Whiptail FEED award, 10-year OMEA for Guyana FPSO fleet, and FPSOs Prosperity & Sepetiba 1st oil
70% FPSO CO2 emissions reduction potential from CO2 capture solution offered in partnership with MHI

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https://www.sbmoffshore.com/newsroom/press-releases/2024/29-02-2024/sbm-offshore-full-year-2023-earnings