Marine & Diesel Division

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2 Marine & Diesel Division Peter Leifland Executive Vice President Alfa Laval Group

3 Industry mix and growth drivers - Distribution of orders LTM September 2015 Ship building Marine Environ., Gas & Energy Offshore Diesel power Service Driver World trade & Fleet capacity Legislation and fuel cost Energy needs Electrical power needs World trade Share 46% 11% 11% 3% 29%

4 Offshore market outlook - Number of FPU orders on a global level Number of orders Forecasted number of orders FSRU, 20 FSRU, 17 FSO, 29 FSO, 35 FPSO, 75 FPSO, 63 FLNG, 7 Total market = 25 FPU s per year FLNG, 13 Total market 25 FPU s per year Market size for the next five years estimated at same level as last five years, but at a lower pace in 2016 Floating Liquefied Natural Gas (FLNG) estimated to double Source: Energy Maritime Associates Alfa Laval Slide 4

5 Order value opportunity; Offshore FPSO FLNG 5-50 MEUR MEUR

6 Number of vessels Yard contracting and deliveries - October 2015, including all ships above 2,000 Dwt No of ships contracted No of ships delivered Actual Contracted YTD 959 Source: Clarkson Research Services Limited

7 Shipmix vs. estimated 2015, number of vessels Other** 622 Bulk carriers 768 Alfa Laval sweet spot * 687 Other** 340 Alfa Laval sweet spot * 599 Bulk carriers = 2,077 vessels E 2015 = 1,213 vessels *) Alfa Laval sweet spot : Crude tankers, Products & chemical tankers, Gas carriers and Container vessels **) Other vessels: General cargo & MPP, Reefer, Ro-ro & vehicle carriers, Cruise, Offshore and miscellaneous Source: Clarkson, 1 st October 2015

8 World fleet per shiptype - Number of ships above 2000 Dwt, 1 st September 2015 Others 28% Offshore* 18% Total number of ships: 50,801 Containerships 10% Tankers 20% Bulk Carrier 21% Gas Carrier 3% Ship type L10Y CAGR Tankers 3.9% Bulk carrier 5.6% Gas carrier 3.9% Containerships 3.6% Offshore* 5.2% Others 0.3% Grand total 3.2% *) Offshore excluding FPSO Source: Clarkson Research Services Limited Alfa Laval Slide 8

9 Order value opportunity; Marine The order value opportunities: Crude tankers: MEUR Product & chemical tankers: MEUR Gas carriers: MEUR Container vessels: MEUR Bulkers: MEUR MEUR more per vessel in case of LNG propulsion

10 World seaborne oil products trade Source: Clarksons

11 Alfa Laval on board - Product, system & application leadership 17 product groups Steam and heat generation Thermal fluid heating Waste heat recovery Cooling and heating Scrubber water cleaning Desalination Exhaust gas cleaning Ballast water treatment Crankcase gas cleaning Inert gas systems Oily waste treatment Gas combustion Fuel condtitioning Cargo pumping Tank cleaning Filtration Oil treatment

12 Additional opportunity - Products & systems for LNG propulsion Multi fuel conditioning modules Heat exchangers Multi fuel boilers & burners Order opportunity MEUR

13 LNG fuelled fleet(number of ships LNG fuelled fleet - Development 2015~ LNG Carriers Other Shiptype Other Shiptype includes: Container, Bulk carrier/general cargo, Tanker(Crude) and Tanker(Product/Chemical). Source: Clarkson, LR Marine Fuel Trends 2030 report and DNV

14 Marine growth areas - Orders received in MEUR CAGR 44.1% New fuels Energy Environmental LTM Alfa Laval Slide 14

15 In conclusion - Marine & Diesel Division Christina Lindskog <christina.lindskog@kunskapspartner.se> For merchant vessels; tankers, gas carriers and containers are the most important ship segments for Alfa Laval. For offshore vessels; the expected soft market for FPSO s the next 5 years will be counterbalanced by a stronger FLNG market, which has high order value opportunities for Alfa Laval. Growth opportunities in environmental, energy-saving and new fuel products gives a higher order value opportunity per ship. Alfa Laval Slide 15

16 Alfa Laval Slide 16