Reliance on Major Customers

Under Directional, two customers each represent more than 10% of the consolidated revenue. Total revenue from these two major customers amounts to US$1,469 million (US$1,023 million and US$446 million, respectively). In 2019, the revenue related to the three major customers was US$1,339 million (US$703 million, US$385 million and US$250 million, respectively). In 2020 and 2019, the revenue of these major customers was predominantly related to the Lease and Operate segment.

Under IFRS, three customers each represent more than 10% of the consolidated revenue. Total revenue from these major customers amounts to US$2,879 million (US$1,661 million, US$867 million and US$352 million respectively). In 2019 two customers accounted for more than 10% of the consolidated revenue (US$2,393 million), respectively for US$1,450 million and US$943 million.