VALZ HLDG : VHL - Annual Report FY2023

July 12, 2023

Navigating

a Greener

Future:

Charting

Sustainable

Solutions

at Sea

AnnualReport 2023

OUR VALUES

Inspiring

Trust

CONSTRUCTING SOLID PARTNERSHIPS OF COLLABORATION

Systematic Vigour

EVERY METICULOUS DETAIL GROUNDED IN EXECUTIONAL EXCELLENCE

Adaptive

Solutions

MEETING EVOLVING CHALLENGES WITH DYNAMIC SOLUTIONS

CONTENTS

We Are Vallianz	1
Core Business	2
Corporate Structure	3
Geographical Presence	4
Chairman's Message	6
Financial Review and Strategic Direction	10
Developments in Energy Transitions	12
Vallianz Fleet	14
Financial Highlights	15
Board of Directors	16
Corporate Social Responsibility	19
Corporate Information	20
Corporate Governance Statement	21

This document has been reviewed by the Company's Sponsor, Provenance Capital Pte. Ltd, for compliance with the Singapore Exchange Securities Trading Limited ("Exchange") Listing Manual Section B: Rules of Catalist ("Catalist Rules"). It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Faye Chong, Director (Corporate Finance), who can be contacted at 96 Robinson Road, #13-01, SIF Building, Singapore 068899, telephone: (65) 6227 5810, email: fayechong@provenancecapital.com.

ANNUAL REPORT 2023

WE ARE VALLIANZ

Navigating a Greener

Future: Charting Sustainable

Solutions at Sea

Vallianz Holdings Limited ("Vallianz" and together with its subsidiaries, the "Group") is a well-established provider of offshore support vessels ("OSVs") and integrated offshore marine solutions to serve the ever- changing needs of the global energy industry.

For close to 30 years, the Group has answered the needs of the global energy industry through well- implemented integrated offshore marine solutions with a progressive yet pragmatic vision, and a team of highly motivated industry experts working in close collaboration with its customers.

We are a publicly listed enterprise registered in Singapore with an international footprint, spanning across markets in the Middle East, Asia Pacific and Gulf of Mexico. To provide adaptive solutions in an environment of rapidly evolving needs, Vallianz has a

fleet of 12 OSVs which comprise anchor handling tugs with supply capabilities, submersible launch barges, and flat top cargo barges.

The Group also owns a shipyard in Batam, Indonesia, which serves as a marine base for vessel docking, repairs and maintenance works. Our shipyard possesses strong in-house fabrication and engineering capabilities such as shipbuilding and fabrication works, which are part of the downstream services that are fully dedicated to supporting our subsidiaries, partners and customers. This further enhances our value proposition by broadening the spectrum of our marine services and takes us closer to our core focus on delivering operational and service excellence.

2 NAVIGATING A GREENER FUTURE: CHARTING SUSTAINABLE SOLUTIONS AT SEA

CORE BUSINESS

SPECIALISED OFFSHORE SUPPORT

Vallianz currently owns and operates 12 OSVs, which are available for charter to fulfil the growing demand of the global offshore energy market. The Group's vessels are deployed for offshore projects in the Middle East, Asia Pacific and Gulf of Mexico. To enhance our market competitiveness, we are focused on forging trusting partnerships with our customers, instilling systematic vigour to deliver executional excellence, and creating adaptive solutions to respond to our customers' evolving needs. The Group is continually assessing plans to expand our range of vessels and modernise our fleet to the latest standards.

HEAVY TRANSPORT VESSELS

Vallianz provides a fleet of two Submersible Heavy Lift Transport, Float-over & Launch Barges with Overall Length ranging from 140 to 160 Metres, Deadweight Capacity from 19,000 Tonnes up to 42,000 Tonnes, Advanced Ballast System up to 12,500 m3/hr and Deck Immersion of up to 11 Meters.

These barges are capable of performing a wide range of Offshore Operations, including Float-over Method Topside Installation up to 25,000 Tonnes, Jacket Launch up to 15,000 Tonnes, Submersible Heavy Lift and Transport of Floating Cargo up to 42,000 Tonnes.

The multi-functional architecture makes it simple and quick to configure for any unique project requirement, allowing for rapid mobilization and deployment.

SHIPBUILDING, ENGINEERING & FABRICATION

The Group's subsidiary, PT. United Sindo Perkasa, operates a shipyard located in the Kabil Industry Zone of Batam, Indonesia, which provides full end to end solutions for all aspects of shipbuilding, ship conversions and ship repairs, with vessels ranging from OSVs like Anchor Handling Tug Boats ("AHTS") and Multi-Purpose Support Vessels ("MPSV") to Research Vessels and even Offshore Floating Fish Farms. The shipyard is supported by a specialised in- house engineering division which allows the Group to provide turnkey engineering solutions and services to our clients. Leveraging on our expertise in shipbuilding and engineering, we provide fabrication services for offshore and onshore structures such as pipe and pipe spool fabrication and installation as well as structure steel fabrication for our customers in the marine and renewable sectors.

MARINE TECHNOLOGY

Vallianz believes that in this ever-changing marine climate, vessel digitalisation and alternative marine technology are the pillars of a sustainable marine future. As such, the Group works with our customers and partners to provide advanced solutions such as marine electrification using battery systems, alternative fuel and green design turnkey engineering solutions, as well as vessel digitalisation using digital remote monitoring systems.

RENEWABLES & SUSTAINABLE ENERGY

Vallianz supports decarbonization by embracing industry- leading advancements within our existing business lines and infrastructure to work positively for more efficient, reliable, and sustainable operations. We are aligned with various progressive energy and solution partners to bring about a sustainable future.

Vallianz has embarked on harnessing the power of renewables to support our energy transformation journey through the alignment with various portfolios in the wind and alternative energy sectors, designing our vessels with zero- emission or net-zero emission capabilities in mind, through the incorporation of battery solutions and alternative fuels integration.

Vallianz is also broadening our services in offshore renewables by the provision of Service Operations Vessels ("SOV"), Crew Transfer Vessels ("CTV"), DP2 Heavy Transport Vessels ("HTV") and light fabrication for offshore wind structures such as monopiles and jackets.

ANNUAL REPORT 2023

CORPORATE STRUCTURE

VALLIANZ HOLDINGS LIMITED

Vallianz International

Pte Ltd

100%

Vallianz Capital Ltd

100%

Vallianz Corporate Services

Pte Ltd

100%

Resolute Pte Ltd

51%

Vallianz Marine Mexico, S.A.

De C.V

49%

Vallianz Prestige Pte Ltd

100%

Vallianz

Investment Capital

Pte Ltd

100%

Rawabi Vallianz International

Company Limited

Newcruz International

Pte Ltd

100%

PTSB Holdings

Pte Ltd

100%

Vallianz Offshore Capital

Mexico, A. De

C.V. SOFOM, E.N.R.

100%

RI Capital

Holdings Pte Ltd

100%

Hamilton Offshore Services

Pte Ltd

100%

OER Holdings

Pte Ltd

100%

Holmen Heavylift Offshore

Pte Ltd

75%

Samson Engineering Limited

100%

Vallianz Marine

Pte Ltd

100%

Samson Marine

Pte Ltd

100%

Vallianz Offshore

Marine Pte Ltd

100%

Newcruz Shipbuilding &

Engineering Pte Ltd

100%

Jubilee Travel

Pte Ltd

100%

OER Services

Pte Ltd

100%

OER Services Ltd

100%

Holmen Arctic

Pte Ltd

100%

Holmen Atlantic

Pte Ltd

100%

Holmen Pacific LLC

100%

0.01%

(In Liquidation)

50%

Rawabi Vallianz Offshore

Services Company

19.8%

Vallianz

Shipbuilding & Engineering

Pte Ltd

100%

Deepsea Leader

Venture (L) Inc

49%

Jetlee Shipbuilding & Engineering Pte Ltd

100%

MDSV 1 (L) Inc

100%

OLV offshore services

(M) sdn bhd

PT United Sindo

Perkasa

95.2%

PT United Sindo Perkasa,

Taiwan Branch

100%

Attachments

Original Link
Original Document
Permalink

Disclaimer

Vallianz Holdings Limited published this content on 13 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 July 2023 07:24:03 UTC.

Market Closed - Singapore S.E. Other stock markets 04:21:06 2024-05-03 am EDT			5-day change	1st Jan Change
0.025 ^SGD	-16.67%		-3.85%	-3.85%

Mar. 07	Vallianz Holdings Limited Announces Finance Director Changes	CI
Feb. 29	Vallianz Holdings Limited Reports Earnings Results for the Nine Months Ended December 31, 2023	CI

Vallianz Holdings Limited Announces Finance Director Changes	Mar. 07	CI
Vallianz Holdings Limited Reports Earnings Results for the Nine Months Ended December 31, 2023	Feb. 29	CI
Vallianz Holdings Limited Reports Earnings Results for the Nine Months Ended December 31, 2023	Feb. 29	CI
Singapore Stocks Start Week Marginally in Black; Vallianz Balloons 54%	Jan. 08	MT
Vallianz Defers Distribution Payment for $22 Million Perpetual Securities	Jan. 08	MT
Vallianz Names Continuing Sponsor	Jan. 01	MT
Vallianz Holdings Changes Financial Year End to Dec. 31	Nov. 21	MT
Vallianz Holdings Trims Losses in Fiscal H1 as Revenue Soars 116%	Nov. 13	MT
Vallianz Holdings Limited Reports Earnings Results for the Half Year Ended September 30, 2023	Nov. 10	CI
Vallianz Holdings Limited Announces Management Changes, Effective November 4, 2023	Nov. 03	CI
Vallianz Flags Losses for Fiscal H1	Nov. 01	MT
Vallianz Holdings Limited announced that it has received $6.6 million in funding	Oct. 31	CI
Vallianz Holdings Limited Provides Earnings Guidance for the First Half of 2024	23-10-31	CI
Vallianz Holdings Limited Appoints Kevin Wong Chee Fatt as Non-Executive Independent Director, Member of Audit Committee, Nominating Committee and Remuneration Committee, with Effect from 1 October 2023	23-07-31	CI
Vallianz Defers Payment of Distribution for $22.5 Million Perpetual Securities; Shares Drop 3%	23-07-06	MT
Singapore Stocks Remain in Red; Vallianz Shares Drop 5% as Attributable Loss Widens in FY23	23-05-31	MT
Vallianz's Attributable Loss Widens in FY23; Shares Drop 5%	23-05-31	MT
Vallianz Holdings Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-05-30	CI
Vallianz Flags Losses for FY23	23-05-24	MT
Vallianz Defers Payment of Distribution for $22.5 Million Perpetual Securities	23-01-05	MT
Vallianz Vice Chairman Steps Down	22-11-22	MT
Vallianz Holdings Limited Announces Resignation of Yeo Chee Neng as Executive Director, effective from December 31, 2022	22-11-21	CI
Vallianz Holdings Shrinks Fiscal H1 Loss by 57% Amid Revenue Surge	22-11-14	MT
Vallianz Holdings Limited Reports Earnings Results for the Half Year Ended September 30, 2022	22-11-14	CI
Vallianz Acquires Ship Management Services Provider	22-11-10	MT

VALZ HLDG

Equities

WPC

SGXE15078822

VALZ HLDG : VHL - Annual Report FY2023

Latest news about VALZ HLDG

Chart VALZ HLDG

Company Profile

Income Statement Evolution