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1 Short Introduc<on to : Update: December 2014

2 Table of Contents Sec<on I II III Overview Engineering, opera<ons, manufacturing Products and applica<ons IV Markets and customers

3 Sec<on I. Coffin Overview Ø Located in New Jersey, USA Ø Design, engineering and in house manufacturer of high speed centrifugal pumps Ø Over 80 years of experience servicing markets such as marine and offshore markets Ø Strong brand recogni<on and track record in served markets. Products have earned the leading reputapon for quality, performance, reliability and durability. Products are engineered for cripcal applicapons such as Boiler feed water service Ø Well engineered, technically sound products. CTP boiler feed pumps are smaller and lighter than compepng solupons.

4 Sec<on II. Opera<ons, design, engineering and quality Manufacturing Ø Machining, welding, assembly and performance tes<ng at Coffin s facility. Ø The vast majority (up to 90%) of Coffin s parts are machined in- house. Ø Manufacturing opera<on is at the heart of Coffin Turbo Pump with experienced management and : Core producpon workforce of experienced long term employees. Employees are cross- trained in the manufacturing process. Ø Implementa<on of several ini<a<ves to improve manufacturing efficiency Purchasing new CNC machines and processing equipment.

5 Sec<on II. Opera<ons, design, engineering and quality Engineering: Ø Strong in- house design, engineering and product development exper<se. 80+ years experience in producing high- quality, technically superior pumps. Ø Core pump design has been validated by thousands of installa<ons worldwide. Ø New VP of Engineering in 2014 with nearly 40 years of pump and marine industry experience. Ø Recent engineering milestones. Investment in CFD sowware and training Completed re- design of DEB- 16 model. Motor- drive pump Re- design of high head/low flow BFP Ø Quality Verifica<on Manual CTP pumps achieve MIL- I standards Equipped with High Pressure boiler and flow loop. Able to test turbine- driven equipment with live steam. Material cerpficate tracking Live Steam Tes<ng in facilites Pump tes<ng a key component of inspec<on under control of classifica<on

6 Sec<on III. Products

7 Sec<on III. Products CTP PUMPS Ø CTP has a pordolio of six high- quality, high- speed centrifugal pumps. Ø Coffin Pumps cover a broad range of flow rates for high pressure applica<on See next page flow rate head chart Ø Common design prac<ces across the product- lines Ø Ø Ø A cradle to grave support and service organiza<on from ini<al purchase - installa<on through the en<re opera<ng life of the product Coffin Pumps engineers out basic risks of malfunc<oning such as faulty refit, (mis) - alignment and coupling via a minimum strict tolerance (aircrag industry based standards) Closed coupled single shag design (turbine drive) eliminates issues, all pumps operate below 1 st stage cri<cal speed

8 Sec<on III. Products CTP PUMPS COFFIN PUMPS: Ø Are 99% serviceable on site Ø Can be disassembled and reassembled in one day Ø Cold start capable in a few seconds Ø Have rela<vely low capital and opex costs Ø Are high speed so very compact footprint & low weight Ø Are precision engineered to specifica<on Ø Uses High Quality Materials: ASTM- grade stainless steels for key internal & rota<ng parts

9 Sec<on III. Products Main applica<on is High- pressure Boiler Feed Service Ø CTP s compact and rugged pumps are a perfect fit for boiler feed service. Ø CTP s boiler feed pumps are predominantly installed on service cri<cal processes: Ø Power genera<on plants FPSO, FSO, Nuclear Plants Ø Propulsion systems on LNG carriers LNG Carrier Steam Propulsion System Ø CTP s pumps can also be used in other cri<cal industrial applica<ons. ü Water Pumping Systems ü Power Plant Service ü Nuclear Plant Service ü Chemical Plant Service ü Tank Cleaning Service ü Paper Mill Service ü Fire and General Service ü High-Pressure Refinery Service ü Reverse Osmosis Membrane Feed Service ü High-Pressure Washing Service

10 Sec<on III. Addi<on of Motor Driven Turbo Pump Ø Development process for a new motor- driven pump solu<on in Offers same mepculous pump- side design Pump- side re- engineered, oppmized for pump- efficiency improvement Motor drive, in general, has be3er efficiency over a steam drive Provide a choice and driver- redundancy for end customers Ø Proven high- speed motor technology is now available for medium horsepower to match our pump requirement. Ø Motor- driven pump features: Variable- speed drive : cripcally important for boiler feed service and most pump applicapons, energy savings vs flow thro3ling sow start capability MulPple low/medium voltage oppons. A water or air cooling system. High motor efficiency. Geared (speed increaser) motor driven unit for constant or variable speed applicapons is also available High grade bearings (insulated) and insulapon

11 Sec<on III. Addi<on of Motor Driven Turbo Pump 3 set- up s : progression to smaller, lighter motor- driven solu<on I. Coffin Gear- Driven Pump II. Coffin Coupled Pump III. Coffin Close Coupled Pump (under development)

12 IV. Markets and Customers

13 Sec<on IV. Markets and Customers

14 Sec<on IV : Markets technical and parts service points : Experience, know- how and direct parts availability world wide Coffin Turbo Sales (Europe) b.v. Westerkade 10, 3016 CL, Ro3erdam, The Netherlands Authorized repair, parts and service agents Coffin Turbo Pump Inc. 326 South Dean Street, Englewood, New Jersey, USA Manufacturer of precision quality pumps

15 Sec<on IV: Marine & Offshore Markets New builds Merchant marine: Ø Ultra- Steam Reheat plant propulsion Ø Hybrid LNGC Propulsion. Ships to feature one LNG- fueled diesel plant and one UST plant per ship. Ø Gas Turbine combined Electric Motor Propulsion (and Waste Heat Recovery Units) New Builds - Offshore : Ø Steam plants for power and process a viable technology of choice Ø Waste Heat Recovery Units - GasTurbine Exhaust Ø FRSU needs to be tailored to OperaPonal requirements (Processing- storage is primary ) ( Power : 2 boiler steam plant, 2 turbo altenators, back pressure exhaust steam for re- gas system Propulsion: steam plant, reducpon gear and single prop. Conversion refit of pumps in service: Ø efficient, relapve low capex project, oppon for motor drive conversion

16 Coffin Turbo Pumps installed over 40 years are s<ll on- line and servicing the boiler with feed water required. A good design is longlas<ng and priceless Thank you for your anen<on! Photo s courtesy to: SBM Offshore, Schiedam office Coffin Turbo Sales (Europe) b.v. Westerkade 10, 3016 CL, Ro3erdam, The Netherlands Authorized repair, parts and service agents Coffin Turbo Pump Inc. 326 South Dean Street, Englewood, New Jersey, USA Manufacturer of precision quality pumps

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