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Q4 2014 – Bonheur Asa

Bonheur Asa · Feb 18, 2015 · 34 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2014 – Bonheur Asa – slide 1
    4 quarter 2014 and preliminary result 2014 18 February 2015
  2. Q4 2014 – Bonheur Asa – slide 2
    Business segments as of 18 February 2015 62.7% Bonheur ASA (listed OSE) Ganger Rolf ASA (listed OSE) 20.7% Offshore drilling Renewable energy Shipping/Offshore wind Cruise Other investments 51,9% 100% 100% 100% Fred.…
  3. Q4 2014 – Bonheur Asa – slide 3
    Bonheur ASA - Group of Companies - Highlights 4Q 2014 (4Q 13 in brackets) Operating revenues were NOK 3 466 million (NOK 2 740 million) Operating result before depreciation (EBITDA) was NOK 1 389 million (NOK 880 million)…
  4. Q4 2014 – Bonheur Asa – slide 4
    Bonheur ASA - Group of companies - Consolidated summary 4Q 14 4Q 13 2014 2013 Revenues 3 466 2 740 12 347 10 257 EBITDA 1 389 880 4 322 4 012 EBIT 610 -51 1 304 1 557 Share of result from associates 0 -3 108 1 Net finance -55…
  5. Q4 2014 – Bonheur Asa – slide 5
    Bonheur ASA - Group of Companies - Segment analysis EBITDA 4Q 14 4Q 13 Change (NOK million) Offshore drilling 1 084 704 380 Renewable energy 209 225 -17 Shipping/Offshore wind 77 -3 80 Cruise 38 -9 47 Other -18 -37 19 Total…
  6. Q4 2014 – Bonheur Asa – slide 6
    Bonheur ASA - Group of Companies - Segment analysis EBITDA 2014 2013 Change (NOK million) Offshore drilling 3 284 3 358 -74 Renewable energy 548 522 27 Shipping /Offshore wind 459 193 266 Cruise 146 65 81 Other -116 -125 10…
  7. Q4 2014 – Bonheur Asa – slide 7
    Bonheur ASA - Group of companies - Condensed statement of Financial position (NOK million) Per 31.12.14 Per 31.12.13 Per 31.12.14 Per 31.12.13 Intangible fixed assets 1 081 417 Deferred tax asset 293 228 Equity owned by shareholders in…
  8. Q4 2014 – Bonheur Asa – slide 8
    Bonheur ASA - Group of companies - Cash flow statement 2014 2013 (NOK million) Net cash flow from operating activities 3 095 3 408 Net cash flow from investing activities -7 552 -1 927 Net cash flow from financing activities 4…
  9. Q4 2014 – Bonheur Asa – slide 9
    Ganger Rolf ASA - Group of companies - Consolidated summary 4Q 14 4Q 13 2014 2013 Revenues 0 0 0 0 EBITDA -13 -18 -62 -46 EBIT -13 -18 -64 -48 Share of result from associates 98 -65 207 502 Net finance -39 -62 -66 -96 EBT 46…
  10. Q4 2014 – Bonheur Asa – slide 10
    Ganger Rolf ASA - Group of companies - Segment analysis - Net result (NOK million) Net result per segment 4Q 14 4Q 13 Change Offshore drilling 173 68 105 Renewable energy -15 136 -151 Shipping/Offshore wind -39 -19 -20 Cruise -31…
  11. Q4 2014 – Bonheur Asa – slide 11
    Ganger Rolf ASA - Group of companies - Condensed statement of Financial Position (NOK million) Per 31.12.14 Per 31.12.13 Deferred tax asset 0 1 Property, plant and equipment 34 35 Investments in associates 6 800 6 098 Other…
  12. Q4 2014 – Bonheur Asa – slide 12
    Offshore drilling Fred. Olsen Energy ASA
  13. Q4 2014 – Bonheur Asa – slide 13
    Offshore drilling - Financial summary 4Q 2014 (4Q 2013 in brackets) Revenues were USD 298 million (USD 298 million) EBITDA were USD 157 million (USD 117 million) Operating profit (EBIT) was USD 71 million (USD 57 million)…
  14. Q4 2014 – Bonheur Asa – slide 14
    Offshore drilling Operating worldwide Byford Dolphin Bideford Dolphin Greenland Borgsten Borgland Dolphin Dolphin Borgholm Bredford Dolphin Dolphin Iceland Russia Sweden Finnland Norway Canada…
  15. Q4 2014 – Bonheur Asa – slide 15
    Offshore drilling - Contract overview 2015 2016 2017 2018 2019 2020 Bolette Anadarko Bollsta Chevron Belford Anadarko Blackford Chevron Bideford Statoil Borgland RMN consortium Bredford AGR cons Byford BP Borgsten…
  16. Q4 2014 – Bonheur Asa – slide 16
    Offshore drilling - Key financials NOK mill. 2 500 (NOK million) 2014 2013 Revenues 7 475 7 022 EBITDA 3 284 3 358 2 000 EBIT 633 1 935 EBT 985 1 841 Non-current assets 21 900 15 327 1 500 Current assets 3 883 3 324 Total…
  17. Q4 2014 – Bonheur Asa – slide 17
    Renewable energy Fred. Olsen Renewables AS
  18. Q4 2014 – Bonheur Asa – slide 18
    Renewable energy - Overview Total production capacity of 504.1 MW Six operating wind farms in Scotland (432.8MW) One operating wind farm in Norway (71.3 MW) Construction: Fbodliden (78 MW) in Sweden. The construction has…
  19. Q4 2014 – Bonheur Asa – slide 19
    Renewable energy - Business Model and Project Portfolio Site Investigation Development Consented Construction Operation Scotland Scotland 100-180 MW Scotland Sweden Scotland Crystal Rig extension Windy Standard II 75 MW Fbodliden…
  20. Q4 2014 – Bonheur Asa – slide 20
    Renewable energy - Projects in the UK and Ireland 20
  21. Q4 2014 – Bonheur Asa – slide 21
    Renewable energy - Projects in Scandinavia 21
  22. Q4 2014 – Bonheur Asa – slide 22
    Renewable energy - Key financials NOK mill. 350 (NOK million) 2014 2013 Revenues 812 726 300 EBITDA 548 522 250 EBIT 237 280 EBT -74 393 200 Non-current assets 4 665 3 630 Current assets 1 715 1 555 150 Total assets 6 381 5…
  23. Q4 2014 – Bonheur Asa – slide 23
    Renewable energy - Wind farms 23
  24. Q4 2014 – Bonheur Asa – slide 24
    Shipping / Offshore wind Fred. Olsen Ocean Ltd. - Fred. Olsen Windcarrier AS - Universal Foundation Norway AS
  25. Q4 2014 – Bonheur Asa – slide 25
    Shipping / Offshore wind - Overview Fred. Olsen Windcarrier Two transport and installation vessels for offshore wind turbines; Brave Tern (2012) and Bold Tern (2013) Contracts: Installation work contracts for Brave Tern and Bold Tern…
  26. Q4 2014 – Bonheur Asa – slide 26
    Shipping / Offshore wind Key financials NOK mill. (NOK million) 2014 2013 500 Revenues 1 527 1 017 EBITDA 459 193 EBIT 326 37 400 EBT 222 102 Non-current assets 2 539 2 673 300 Current assets 783 1 349 Total assets 3 322 4 023 Equity…
  27. Q4 2014 – Bonheur Asa – slide 27
    Shipping / Offshore wind - Vessels 27
  28. Q4 2014 – Bonheur Asa – slide 28
    Cruise Fred. Olsen Cruise Lines Ltd.
  29. Q4 2014 – Bonheur Asa – slide 29
    Cruise - Overview Owns and operates four cruise ships; MV Black Watch MV Braemar MV Boudicca MV Balmoral Offers a diverse range of cruise holidays from long round the world trips to ex UK cruises to Scandinavia,…
  30. Q4 2014 – Bonheur Asa – slide 30
    Cruise - Key financials NOK mill. (NOK million) 2014 2013 600 Revenues 1 655 1 470 EBITDA 146 65 EBIT -39 -613 400 EBT -119 -636 Non-current assets 1 608 1 451 200 Current assets 219 340 Total assets 1 827 1 791 Equity 408…
  31. Q4 2014 – Bonheur Asa – slide 31
    Cruise Ships Boudicca Braemar Balmoral Black Watch 31 31
  32. Q4 2014 – Bonheur Asa – slide 32
    Other Investments NHST Media Group AS - Koksa Eiendom AS - Various
  33. Q4 2014 – Bonheur Asa – slide 33
    Other investments - Overview NHST Media Group AS (54.0%) Comprising four main business segments; Dagens Nringsliv, Digital & Nordic (New Media, Europower, TDN), Global (Tradewinds, Upstream, Intrafish and Recharge) and Nautical…
  34. Q4 2014 – Bonheur Asa – slide 34
    www.bonheur.net www.ganger-rolf.com 34

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