1. 0
Interim Results
29 August 2013
www.lamprell.com
0
New build jackup rig: Jindal Star

2. Disclaimer
www.lamprell.com 1
This presentation contains certain forward-looking statements relating to the business, financial
performance and results of the Company and/ or the industry in which it operates. Forward-looking
statements concern future circumstances and results and other statements that are not historical facts,
sometimes identified by the words “believes”, “expects, “predicts”, ”intends”, “projects”, “plans”
“estimates”, “aims”, “foresees”, anticipates”, “targets” and similar expressions. The forward-looking
statements, contained in this document, including assumptions, opinions and views of the Company or
cited from third party sources are solely opinions and forecasts which are uncertain and subject to
risks. A multitude of factors can cause actual events to differ significantly from any anticipated
development. Neither the Company nor any of its officers or employees guarantees that the
assumptions underlying such forward-looking statements are free from errors nor does any of the
foregoing accept any responsibility for the future accuracy of the opinions expressed in this document
or the actual occurrence of the forecasted developments.
No representation or warranty (express or implied) is made as to, and no reliance should be placed on,
any information, including projections, estimates, targets and opinions, contained herein, and no
liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and,
accordingly, neither the Company nor any of its subsidiary undertakings nor any such person’s officers
or employees accepts any liability whatsoever arising directly or indirectly from the use of this
document.

3. Overview
2
James Moffat, CEO Rig refurbishment: Noble rig

4. Agenda
www.lamprell.com 3
1 Overview
2 Financial Review
3 Operational Review and Strategy
4 Summary and Outlook
5 Appendices

5. Overview
www.lamprell.com 4
 Problem projects delivered or on track

New senior management team and structure established and new ERP system
being implemented
 Stabilised financial position; Refinancing secured
 Supply chain improving and actively managed
 Strong operational performance and world class safety record
Solid improvement in H1 results and full year outlook ahead of expectations
Recovery on track

6. World class facilities strategically well located in the Gulf
Good health and safety record with HSE a core value across
the Group
Strong track record of successful project execution in our core
competencies
First class build quality that meets all national and
international standards
>30 years offshore expertise in the Gulf
and the region’s leading rig market service provider
Leading footprint
Safety first approach
Leading market
position
Reputation for quality
Technical expertise
Fundamentally strong and sustainable business
www.lamprell.com 5
Consistent partner of choice for long term clientsClient satisfaction
Lamprell’s core strengths are hard to replicate

7. Financial Review
Frank Nelson, CFO
6
Liftboats: Seajacks Zaratan

8. Highlights
 Revenue broadly flat at $521m (H1 2012: revenue $528m)
 Profit before tax $10.1m* (H1 2012: loss before tax $50.8m*)
 Net cash $151.1m (H1 2012: net debt $35.7m)
 Average monthly net cash of $115.7m
 Successful refinancing with new $181m facility secured
 Current favourable working capital profile will partially unwind in H2
www.lamprell.com
* Prior to exceptional items
7
H1 results ahead of expectations

9. Summary P&L
www.lamprell.com 8
H1 2013 H1 2012
$m $m
Revenue 521.0x 528.0x
Gross margin 8.2%x (3.0%)x
Operating profit / (loss)* 14.7x (37.8)x
Profit / (loss) before tax* 10.1x (50.8)x
Tax (0.5)x (0.3)x
Exceptional costs (2.3)x 0.0x
Net profit / (loss) 7.3x (51.1)x
Diluted EPS (pre exceptional) 3.7c (19.7)c
Diluted EPS (post exceptional) 2.8c (19.7)c
* Profit / (loss) stated before income tax and before exceptional items
Return to profitability

10. Balance sheet
www.lamprell.com 9
H1 2013 H1 2012
$m $m
Total net assets 413.8 467.8
Tangible net assets 197.9 239.3
Gross cash 274.5 134.0
Free cash 197.8 32.6
Net cash/(debt) 151.1 (35.7)
Land Rig Services
Significant improvement in liquidity

11. Refinancing
www.lamprell.com 10
 $181m facility maturing in June 2016
 $100m term loan ('Facility A')
 $60m term loan ('Facility B')
 $21m revolving credit facility ('RCF')
 Common set of financial covenants across the debt structure
 More suitable covenants: gross debt/EBITDA, interest cover, minimum tangible net
worth and maximum capital expenditure
 Reduced number of syndicate banks
 Restrictions on paying dividends until balance outstanding on Facility B cleared
 Blended average interest margin of 6.7% for Facility A, Facility B and the RCF
 Facility B interest costs increase incrementally from July 2014
 Upon repayment of Facility B, the margins in Facility A and the RCF will reduce, as will
potential future bonding costs
Refinancing provides security to 2016

12. Financial summary
 Refinancing secured
 Robust reporting and financial planning in
place
 Improved liquidity management
 Strong cash performance
 Financial performance ahead of expectations
for full year
www.lamprell.com 11
A stable platform for sustainable growth
Offshore platforms: North Sea operator

13. Operational Review and
Strategy
12
James Moffat, CEO Offshore platforms:
North Sea operator

14. H1 2013 operational highlights
 Strong performance in offshore construction
 Several key projects successfully delivered:
– Windcarrier “Bold Tern”
– Greatships jackup rig
– Two major offshore structures
 Three major projects to be delivered in H2
 Over 15 upgrade and refurbishment projects
during the period
 Order book of $1.1bn¹
 Bid pipeline of $4.6bn¹
www.lamprell.com
¹As at 30 June 2013
13
High activity levels in H1 and strong execution
New build jackup rig: Greatdrill Chaaya

15. Current activity
 2013 contract awards:
– New build jackup for Jindal Group
– 3 major rig refurbishment projects
 Current major project activity:
– 8 jackups under construction
– 3 rig refurbishment projects
– 4 offshore construction projects
– 1 lift boat (1st generation)
 Positive contract growth in offshore
construction and refurbishment
www.lamprell.com 14
58%
14%
7%
21%
New Build Jackups Rig Refurbishment
Land Rigs Others
Key contract awards / extensions
$0.38bn¹
¹Wins since 1st Jan 2013 as at 30th June 2013
Contract awards expected to accelerate in H2

16. Bid pipeline
www.lamprell.com 15
0
400
800
1,200
1,600
2,000
2,400
2,800
Newbuild
Jack Ups
Offshore
Const.
Rig
Refurb
Land rigs Others
Current pipeline of $4.6bn¹
2
¹ As at 30 June 2013 ²Refurbishment value stream has short bid to award profile and therefore limited order book / pipeline values
 Increasing bid pipeline in core
markets (Dec 12: $4.1bn)
 Strong focus on pipeline conversion
in H2 2013
 Creating a balanced portfolio is a
strong focus for 2014 and beyond
Increased pipeline in our core markets

17. Core markets offer significant opportunities
www.lamprell.com 16
OFFSHORE RIGS
 Strong forecast drilling activity and global fleet metrics
continues to drive rig new build and refurbishment
 Jackup market has tightened through 2013
- Utilisations and day rates continue to increase
- Tender activity strong
- Acceleration in attrition rate of older rigs
Two thirds of global jackup
fleet over 25 years old
Half of global fleet in
Middle East and Asia
OFFSHORE CONSTRUCTION
 Increasing global E&P capex inc. FPSOs, LNG
 Demand for broader range of process modules
 Quality is a key differentiator
 Strong track record in complex North Sea projects
LAND RIGS
 Exceptionally strong global and regional demand
 Growth increased by potential for unconventional
drilling
 Cost barriers to rig relocation strengthen Middle East
build programme
 Versatile design enhancements to broaden marketSource: Pareto / ODS Petrodata
<10
10-25
25-35
>35
Middle East
Mexico
W Africa
NW Europe
SE Asia
US GOM
Indian Ocean
Far East
Other
Safety, quality, technical and operational capabilities are key differentiators

18. Focusing on our core competencies
www.lamprell.com 17
New build jackups
 Established new build jackup rig capability
 Leading non-Asian yard for <= 350ft rig class
 Larger rigs well within Group’s core
capabilities
Land rigs
 Full land rig refurbishment services
 API accreditation
 Regional expansion
Offshore construction
 Proven strength in a range of high quality
process module fabrication
 Specialism in North Sea projects
 Well placed for significant regional
opportunities
Refurbishment
 Regional market leader in offshore rig
refurbishment
 Strong track record across all refurbishment
disciplines
 Full refurbishment, upgrade and conversion
capabilities
Service businesses are non-core and are under strategic review
Established market positions and strong track record

19. Returns
Service
Focus
Efficiency
HSEQ
Long term value drivers
www.lamprell.com 18
Maintain our reputation for build quality and strong safety focus
 World class approach to HSE
 Execution excellence
Capitalise on significant opportunities in our core markets
 Core market pipeline conversion initiatives
 Utilise core capabilities and enhance differentiation
 Enhanced risk management and no prototype projects
Best in class customer focus and responsiveness
 On schedule and on budget every time
 Client and supplier partnerships to enhance overall service delivery
Improve procurement process and labour productivity
 Enhanced production planning and efficiency
 Cost flexibility and procurement enhancement
Deliver sustainably higher returns with improved earnings
visibility and reduced project risk
Leveraging our core strengths to deliver sustainable growth

20. Summary and outlook
 Refinancing secured
 New organisation in place
 Operational and process improvements
evidenced in H1
 High level of tendering activity
 Significant opportunity to create value in our
core markets
 Continued refinement of strategy whilst
focusing on implementation
 Outlook for full year ahead of expectations
www.lamprell.com 19
2013 recovery on track
New Build Greatship Chaaya

21. Appendices
20
Rig refurbishment: Noble rig

22. Strategic timeline
www.lamprell.com 21 21
Oct-12
Departure of
executive team
Appointment of
Peter Whitbread
Announcement of
unquantified
deterioration in full
year forecast
Nov-12
Announced
expected
$105m loss for
the year
Strategic options
review commenced
Nov-12
Feb-13
Windcarrier II
delivered in line
with revised
schedule
Jun-13
H1 return to
profitability
New ERP
project
commenced
Review of strategic
options completed
Jan-13
Mar-13
Divisional review
commenced
Jim Moffat
joins as CEO
Mar-13
Term sheet
signed with
lenders
Jun-13
Strategic
timeline
Project risk review and refinancing
Independent business review
Operational and strategic review
Jul-13
Completion of
refinancing
New INEDs
appointed
May-13

23. Order book and bid pipeline
0
400
800
1,200
1,600
2,000
2,400
2,800
Newbuild
Jack Ups
Offshore
Const.
Rig
Refurb
Land rigs Others
www.lamprell.com 22
0
100
200
300
400
500
600
700
800
900
Newbuild
Jack Ups
Newbuild
Lift Boats
Offshore
Const.
Rig Refurb
Current pipeline of $4.6bn¹Current order book of $1.1bn¹
2 2
¹ As at 30 June 2013 ²Refurbishment value stream has short bid to award profile and therefore limited order book / pipeline values

24. Current project summary
Project Type Facility Delivery
North Sea operator 5,217 tonne utility platform Jebel Ali Delivered – Q1 2013
Nexen 5,353 tonne wellhead deck Jebel Ali Delivered – Q2 2013
EDC1 (Caspian Sea) Le Tourneau S116E Hamriyah Q3 2013
North Sea contractor 15 process modules Jebel Ali Q4 2013
Jindal Star Le Tourneau S116E Hamriyah Q4 2013
NDC 3 Le Tourneau S116E Hamriyah Q1 2014
Leighton Topside & jackets Sharjah Q1 2014
NDC 4 Le Tourneau S116E Hamriyah Q2 2014
Seajacks - Hydra Gusto MSC NG-2500X Hamriyah Q2 2014
Nexen 13,700 tonne PUQ deck Jebel Ali Q2 2014
EDC2 (Caspian Sea) Le Tourneau S116E Hamriyah Q4 2014
NDC 5 Le Tourneau S116E Hamriyah Q4 2014
Dev Drilling Le Tourneau S116E Hamriyah Q1 2015
NDC 6 Le Tourneau S116E Hamriyah Q1 2015
www.lamprell.com 23
$1.1bn order book

25. New lending covenants
www.lamprell.com 24
Gross debt/EBITDA 4.5x decreasing to 1.5xx
Interest cover 1.75x increasing to 3.5x
Minimum tangible net worth $160m increasing to $250m
Capex levels sufficient for business plan

26. Lamprell facilities
www.lamprell.com 25
1. Hamriyah –
Sharjah, UAE
2. Port Khalid –
Sharjah, UAE
3. Jebel Ali –
Dubai, UAE
4. Dubai
Investments
Park – Dubai,
UAE
5. Jubail – Saudi
Arabia*
6. West Shuaiba
- Kuwait
Leading footprint in the Gulf
* MISA Joint Venture