Half Year 2020 SBM Offshore NV Earnings Call Transcript

Feb 14, 2024

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Aug 06, 2020 / 08:00AM GMT
Operator

Good morning, ladies and gentlemen. Thank you for holding, and welcome to SBM Offshore Half Year 2020 Earnings Update Call. (Operator Instructions)

I would like to hand over the conference to Mr. Bruno Chabas, CEO of SBM Offshore. Please go ahead, sir.

Bruno Y. R. Chabas - SBM Offshore N.V. - Chairman of Management Board & CEO

Thank you, operator, and thank you for all to join this conference call. We're going to be discussing about the first half of 2020 for SBM Offshore. And I'm Bruno Chabas, CEO of SBM Offshore. I'm joined today with my colleagues of the management board, Philippe Barril; Erik Lagendijk; and the one and only Douglas Wood. I will present the general strategic update of the company, after which Douglas will talk to you through the financials. We will welcome questions after the prepared section of this call. Please note the usual disclaimer.

So if we look at the highlights for the company. The double black swan events caused a global crisis with low oil prices and the COVID-19 pandemic. All of this represents a catalyst

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