![CMS Global HQ - UAE Office Jumeirah Lake Towers, P.O.Box 31303, Dubai Larry Baker +971.50.553.4895 Operations Director MENA / Sr Partner www.wrenchepc.com/cms Email [email_address] CMS KSA Office. Al Mousa Centre, Olaya Riyadh 11596 P.O. Box 67461.office 438 Christopher Sandbrook +966 5428 10 885 A . N. AlToaimi +966 50 541 6171 Country Manager Director – KSA Active Partner Email [email_address] Email [email_address] CMS UK Office. CMS India Office Markshall Lane. Markshall, Norwich NR148 QP. # 76, Facile Towers, Victoria Road, Mark Baker +44.46.032.86846 Bangalore - 560 047, Karnataka, India. Operations Director UK & Europe Email wrenchinfo @wrenchsolutions.com Email [email_address] CMS USA Office. 6055 East Washington Blvd, Suite 519 Commerce, 90040 www.wrenchepc.com](https://image.slidesharecdn.com/ksagmspresentation-12516243612715-phpapp01/85/KSA-GMS-Presentation-7-320.jpg)
KSA GMS Presentation
- 1. Construction Management Proposed Investment Project Abu Dhabi UAE
- 2. Proposed Investment Investment required for Construction commission of each vessel for servicing the proposed renewable energy projects as per the sample project below has been proposed at build commission of $98M Projected Revenue $115K per Day or $41.975M per year GMS Service fee for operating the vessel for the contract period would be 10% of the daily rate. Operating Cost $11K per Day or $4.01M per Year GMS would Guarantee a buyback option after 5 years for $85M Preliminary Cash Flow. Year 1 Construction Period. Year 2 Construction Period. Year 3 Income $41.97M minus 10% operating cost = Net $37.7M Revenue per Yr Year 4 Income $41.97M minus 10% operating cost = Net $75.47M Revenue per Yr Year 5 Income $41.97M minus 10% operating cost = Net $112.99M Revenue per Yr Year 6 Income $41.97M minus 10% operating cost = Net $150.24M Revenue per Yr Year 7 Income $41.97M minus 10% operating cost = Net $187.12M Revenue per Yr Year 8 Sale Asset Back for $85M. Total revenue after construction of $187.5M + Sale Back $85M = $272.12M Divide 7 years equals $38.87M per year Revenue , original investment of $98M / $38.87M equals 39.6% Return per year. All the about calculation presented are preliminary and need to be negotiated and verified in more detail , but may vary up or down depending the contract that would be assigned this particular project
- 3. GMS Company Introduction Gulf Marine Services owns and operates Elevated Support Vessels as well as supply and AHTS vessels. These assets serve the oil and gas industry worldwide and focus on well maintenance and workover, offshore accommodation, diving and construction. In addition to this GMS is capable of supporting salvage and offshore towage. The Company was established in Abu Dhabi, the United Arab Emirates in 1977 and has an offshore base and head office in Mussaffah, Abu Dhabi. GMS is the largest Elevated Support Vessel operator in the Middle East currently having a fleet of five modern jack-up barges and seven offshore supply and anchor handling vessels. The ESV fleet complies with the latest MODU regulations. GMS constructs and maintains its vessels on site in Mussaffah and is undertaking an extensive new build programme involving the construction of Gusto NG2500X DPII ESV’s, the first of which will be delivered in 2009. These vessels will be built to the highest offshore standards and will be available to operate worldwide. The supervision of the construction and operation of the whole GMS fleet is undertaken in house with a seasoned senior management team which has recently been drawn from the worldwide as well as local market to serve our clients.
- 4. Renewable Energy Project The London Array project has now finally succeeded in obtaining most of the consents and planning permissions necessary to build the farm and bring its electricity onshore to link to the high-voltage backbone of the grid. The remaining backers, E.ON and DONG Energy of Denmark, still face huge hurdles. Few manufacturers make turbines that can survive offshore conditions. Only a small number of vessels are available worldwide to construct the foundations of the turbines
- 5. Provisional Construction Schedule for the London Array Project estimated value 2bn GBP London Array is currently evaluating tenders received for the construction of phase one of the wind farm. It is expected that onshore construction will start in July 2009 and offshore construction in early 2011. Generation is expected to start before the end of 2011 Phase one completed in 2012
- 6. Sample Project London Array, a proposed offshore wind farm, applied for its various planning consents and licenses in June 2005. This followed the completion of extensive environmental studies which began as far back as 2001. The wind farm would be built more than 20km (12 miles) off the Kent and Essex coasts, in the outer Thames Estuary. A map of the location is available for download. A consortium called London Array Limited is developing the project. The company has three shareholders: E.ON, DONG Energy and Masdar, who between them have a wealth of experience in developing offshore wind projects. See the About Us section for more information. Key elements of the London Array project are: Up to 341 turbines, installed over a four year period Associated offshore and onshore substations Cabling (between turbines and to shore) The wind farm would be constructed in two phases with phase one having 175 turbines. When fully complete the project would generate up to 1,000 MW of electricity. This is enough to meet the electricity needs of 750,000 homes – around a quarter of Greater London or all of the homes in Kent and East Sussex. When fully operational, it would make a substantial contribution to the UK Government’s target of providing 15.4% of all electricity supply from renewable sources by 2015. Based on the current schedule, it is expected that the project would represent nearly 7% of this target. It would also avoid the emission of millions of tonnes of carbon dioxide over its life.
- 7. CMS Global HQ - UAE Office Jumeirah Lake Towers, P.O.Box 31303, Dubai Larry Baker +971.50.553.4895 Operations Director MENA / Sr Partner www.wrenchepc.com/cms Email [email_address] CMS KSA Office. Al Mousa Centre, Olaya Riyadh 11596 P.O. Box 67461.office 438 Christopher Sandbrook +966 5428 10 885 A . N. AlToaimi +966 50 541 6171 Country Manager Director – KSA Active Partner Email [email_address] Email [email_address] CMS UK Office. CMS India Office Markshall Lane. Markshall, Norwich NR148 QP. # 76, Facile Towers, Victoria Road, Mark Baker +44.46.032.86846 Bangalore - 560 047, Karnataka, India. Operations Director UK & Europe Email wrenchinfo @wrenchsolutions.com Email [email_address] CMS USA Office. 6055 East Washington Blvd, Suite 519 Commerce, 90040 www.wrenchepc.com