1、ANNUAL REPORT 20192-SBM OFFSHORE ANNUAL REPORT 2019 2019 was a positive year for SBM Offshore.Several years of technological development and the implementation of more standardized ways of working are bearing fruit.The flexibility of our Fast4Ward program allowed us to adapt to the markets fluctuati
2、ons in a profitable,efficient and reliable manner.During the year,the Company moved into new markets,with the arrival of the FPSO Liza Destiny in Guyanese waters and a ramp-up in activity in Chinese locations,while re-engaging with our historic market in Brazil.SBMers also made great strides in tran
3、sformation programs,driving digitalization and supporting sustainable development.This is our story.The following sections of this 2019 SBM Offshore Annual Report form the management report(“bestuursverslag”)within the meaning of section 2:391 of the Dutch Civil Code(and related Decrees):Chapter 1 A
4、t a glance,Chapter 2 Strategy and Performance and Chapter 3 Governance(with the exception of section 3.4 Remuneration Report),section 4.1 Financial Review and the following section of Chapter 5 Non-Financial Data:5.3 Non-Financial Indicators.The Financial Statements in the meaning of the Dutch Civil
5、 Code are included in Chapter 4 Financial Statements 2019(with the exception of section 4.1 Financial Review,4.6 Other Information and 4.7 Key Figures).TABLE OF CONTENTSSBM OFFSHORE ANNUAL REPORT 2019-31At a Glance41At a Glance41.1Message from the CEO71.2SBM Offshore and its Global Presence101.3Visi
6、on and Values121.4Activities and Markets131.5Market Positioning151.6Position within the Value Chain171.7Materiality and Value Creation211.82019 in Brief262Strategy and Performance282Strategy and Performance282.1Group Strategy312.2Fast4Ward322.3Sustainability332.4Financial Performance362.5Operational