SBM Offshore NV (STU:IHCB)
€ 16.9 0.01 (0.06%) Market Cap: 2.94 Bil Enterprise Value: 13.70 Bil PE Ratio: 7.79 PB Ratio: 0.87 GF Score: 72/100
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SBM Offshore NV Annual Shareholders Meeting Transcript

Apr 08, 2020 / 12:30PM GMT
Release Date Price: €12.88 (-0.85%)
Floris G. Deckers;Independent Chairman of the Supervisory Board

(presentation)

Ladies and gentlemen, my name is Floris Deckers as Chairman of the Supervisory Board of SBM Offshore. And we -- it is my pleasure to open this Annual General Meeting.

COVID-19 is affecting the whole world, and we wanted to start this meeting by showing you a video of our crews on board of the SBM FPSOs off the coast of Brazil. You can see that some of them are in quarantine and you can see that all of them are in good spirits, notwithstanding the difficult circumstances they have. These circumstances affect this meeting as well, that we have had to decide after careful considerations and in light of the health and safety of all our stakeholders, to change the procedure of this Annual General Meeting.

You, therefore, do not see us at Crowne Plaza Hotel in Hoofddorp, but in SBM Offshore's headquarters at Schiphol, the Netherlands. Furthermore, you will be following this meeting through a live broadcast instead of in person. Under the current circumstances and having faced significant

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