SEMIDEP / La Ciotat Shipyards Managing company of the Shipyards Leader in Europe & the Mediterranean

for Yachts refit & repair

Jean-Yves SAUSSOL Chief Executive Officer

SEMIDEP?

Whoweare

•  Apublic-ownedcommercialcompany

•  Theuniquemanageranddeveloperofthewholearea

• Dedicatedtoadurableandsustainabledevelopmentoftheshipyardswithspecifica9en:ondrawntopermanentjobscrea8on

•  Strongcommitmentfromourpublicpartnersandshareholders

•  Cleargovernance&poli8calconsensusontheobjec:ves

ThelegacyofalongMaritimeHistory

• LaCiotathasbeenhos:ngShipyardssincethe16thcentury.

• Manybigboatswerebuiltthere,includingbigsizetankersinthe60s/70s

• Theinheritedfacili:esprovideforbigcapaci:es…

• …andarecognizableskyline

42,300,000.00€

56,459,622.00€

Inves:ssementprivé Inves:sssementpublic

Totalinvestmentsince2002

Workinginpartnership

2005-2010:Developmentofthe«Sahara»

•  April2007:Launchofthe“Superyachts”plaForminpartnershipwithMonacoMarine

•  Capacity:100yachts-60–80m/2000t

•  4,5haaccessiblewithaSynchroliZ•  Pain:ngcabinownedbyMM

•  17placesofwith4managedbySEMIDEP

• March2009:Launchofthe“MediumSizeyachts”plaForminpartnershipwithCompositeWorks•  Capacity:150/200yachts–300t•  2,5haaccessiblewithaTravelliZ•  Pain:ngcabinownedbyCW

•  24placesofwith10managedbySEMIDEP

?

LaCiotatShipyardsinsomeJigures

• Totalsitearea:440000sqmofwhich330000sqmonland

• 1400mlengthofquay:

• 34companieshavepermanentofficesontheshipyards

• Approx.600boatsreceivedashoreandafloateachyear

• Aggregatedturnover[2014]:115M€approx.ofwhich58M€fromthetwomajorplayers

• Approx.500permanentjobs…andmanymoretemporaryjobs

Comingnextin2016:Revampingofthegravingdock• Maintainingtheinfrastructuretothestateoftheart

•  Resizingthelengthofthedocktoop:mizeitsuse

•  Increasingtheavailablelengthofquay(+320m)

•  Overallinvestment(100%public):15,8M€

Maintain state-of the art infrastructure

Next intermediary location of the gate (200m)

What’snext?

• Op:mizetheuniquecapacitytoaccommodatealltypesofyachts,from20mto200mlength

• DevelopourSparecapaci8eswithlargepor:onsofthesites:lltobedeveloped

•  A9ractthebiggestrefitsinthegravingdockwiththeappropriatepartnership

•  Promoteouridealloca8onclosetotheFrenchRiviera,intheveryheartofacharmingProvencalcity,andinthebreathtakingenvironmentoftheCalanques’Na:onalPark

•  Keeppacewiththemarketgrowth

Leveragingonourstrengths

Ouractionplanfor2016

1.  Clarifyourbusinessplan2.  Rethinkthemanagementofthegravingdock

toa9ractthebiggestrefitwiththerightpartnership

3.  Ini:ateaurbanprojecttostrengthenthelinkbetweenthecityandtheindustrialharbour

4.   Reviewthedevelopmentschemeoftheindustrialharbourinlinewithcompanies’needsandexpecta:ons

Let’sthinkbigger!