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 Fast4Ward^TM 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.