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Our ongoing commitment to quality, schedule, safety and customer service has ensured that the Company has continued to benefit from the strong support that we receive from our clients and encouraging levels of repeat business. Our strategy, based on sustainable and profitable growth, aims to secure value enhancement for our shareholders and other stakeholders.

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THE INVESTMENT PROPOSITION

Lamprell is a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industry.

The Company has a strong order book, which provides visibility on earnings through to the second half of 2014, and is currently expanding into higher value markets and new geographies.

  • Contract wins totaled $ 1.1 billion for the year ending December 2012
  • Order book of $ 1.3 billion (as at 28 February 2013)
  • Bid pipeline of $ 4.1 billion (as at 28 February 2013)

Despite a challenging year, in 2012 Lamprell completed:

–7 new build projects: 3 jackup rigs, 2 wind farm installation vessels, 2 land rigs

–Over 20 upgrade and refurbishment projects

–Threefold increase in offshore construction revenue

The Company is renewing its focus on its core competencies and key strengths and managed to maintain its competitiveness despite a challenging year in 2012. The Group’s current order book reflects a mix of new build vessels, refurbishment projects and offshore construction.