4.1.5Outlook and Guidance

Management confirms its continued positive outlook for the Company. The recovery may not be industry-wide, however the recovery is visible within the area of large-size FPSOs with expected multiple awards for the coming years. SBM Offshore, as an industry leader with its game changing Fast4WardTM program, is well positioned to be one of the key players to benefit from the upturn in the market.

The Company’s 2019 Directional revenue guidance is around US$2.0 billion, of which US$1.3 billion is expected from the cash generating Lease and Operate segment and around US$700 million from the Turnkey segment. Directional EBITDA guidance is around US$750 million for the Group.