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Q2 and H1 2015 Results – Bonheur Asa

Bonheur Asa · Jul 15, 2015 · 36 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. Q2 and H1 2015 Results – Bonheur Asa – slide 1
    2 quarter 2015 and first half year 2015 15 July 2015
  2. Q2 and H1 2015 Results – Bonheur Asa – slide 2
    Business segments as of 15 July 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. Olsen…
  3. Q2 and H1 2015 Results – Bonheur Asa – slide 3
    Bonheur ASA - Group of companies - Summary 2Q 2015 (2Q 14 in brackets) Operating revenues were NOK 3 918 million (NOK 2 771 million) Operating result before depreciation (EBITDA) was NOK 1 884 million (NOK 845 million)…
  4. Q2 and H1 2015 Results – Bonheur Asa – slide 4
    Bonheur ASA - Group of companies - Consolidated summary 1 half year 1 half year 2Q 15 2Q 14 2015 2014 Revenues 3 918 2 771 7 625 5 471 EBITDA 1 884 845 3 519 1 720 EBIT -2 316 158 -1 592 504 Share of result from associates 0 114…
  5. Q2 and H1 2015 Results – Bonheur Asa – slide 5
    Bonheur ASA - Group of Companies - Segment analysis EBITDA 2Q 15 2Q 14 Change (NOK million) Offshore drilling 1 614 639 975 Renewable energy 134 68 66 Shipping/Offshore wind 63 158 -94 Cruise 66 -8 74 Other 6 -11 17 Total…
  6. Q2 and H1 2015 Results – Bonheur Asa – slide 6
    Bonheur ASA - Group of Companies - Segment analysis EBITDA 6
  7. Q2 and H1 2015 Results – Bonheur Asa – slide 7
    Bonheur ASA - Group of companies - Segment analysis EBITDA 1 half year 1 half year Change (NOK million) 2015 2014 Offshore drilling 2 838 1 261 1 577 Renewable energy 444 288 156 Shipping /Offshore wind 133 215 -82 Cruise 116…
  8. Q2 and H1 2015 Results – Bonheur Asa – slide 8
    Bonheur ASA - Group of companies - Segment analysis EBITDA 8
  9. Q2 and H1 2015 Results – Bonheur Asa – slide 9
    Bonheur ASA - Group of companies - Condensed statement of Financial position (NOK million) Per 30.06.15 Per 31.12.14 Per 30.06.15 Per 31.12.14 Intangible fixed assets 1 126 1 060 Deferred tax asset 291 275 Equity owned by…
  10. Q2 and H1 2015 Results – Bonheur Asa – slide 10
    Bonheur ASA - Group of companies - Cash flow statement 1 half year 2014 (NOK million) 2015 Net cash flow from operating activities 2 866 3 109 Net cash flow from investing activities -2 471 -6 483 Net cash flow from financing…
  11. Q2 and H1 2015 Results – Bonheur Asa – slide 11
    Ganger Rolf ASA - Group of companies - Consolidated summary 1 half year 1 half year 2Q 15 2Q 14 2015 2014 Revenues 0 0 0 0 EBITDA -13 -17 -28 -33 EBIT -13 -17 -29 -34 Share of result from associates -743 29 -518 101 Net…
  12. Q2 and H1 2015 Results – Bonheur Asa – slide 12
    Ganger Rolf ASA - Group of companies - Segment analysis - Net result Net result per segment 2Q 15 2Q 14 Change Offshore drilling -671 11 -682 Renewable energy 12 -19 31 Shipping/Offshore wind 19 51 -32 Cruise 12 -28 40 Other -78…
  13. Q2 and H1 2015 Results – Bonheur Asa – slide 13
    Ganger Rolf ASA - Group of companies - Condensed statement of Financial Position (NOK million) Per 30.06.15 Per 31.12.14 Deferred tax asset 0 0 Property, plant and equipment 34 34 Investments in associates 7 964 6 848 Other…
  14. Q2 and H1 2015 Results – Bonheur Asa – slide 14
    Offshore drilling Fred. Olsen Energy ASA
  15. Q2 and H1 2015 Results – Bonheur Asa – slide 15
    Offshore drilling - Financial summary 2Q 2015 (2Q 2014 in brackets) Revenues were USD 326 million (USD 273 million) EBITDA were USD 209 million (USD 107 million) Impairment of USD 419 million Operating profit (EBIT) was USD…
  16. Q2 and H1 2015 Results – Bonheur Asa – slide 16
    Offshore drilling Operating worldwide Byford Dolphin Bideford Dolphin Greenland Borgsten Borgland Dolphin Dolphin Borgholm Bredford Dolphin Dolphin Iceland Russia Sweden Finnland Norway Canada…
  17. Q2 and H1 2015 Results – Bonheur Asa – slide 17
    Offshore drilling - Contract overview as per 15 July 2015 2015 2016 2017 2018 2019 2020 Bolette Anadarko Bollsta Chevron Belford Anadarko1) Blackford Chevron Bideford Statoil Borgland RMN consortium Bredford AGR cons…
  18. Q2 and H1 2015 Results – Bonheur Asa – slide 18
    Offshore drilling - Key financials As per first half year (NOK million) 2015 2014 Revenues 4 730 3 331 EBITDA 2 838 1 261 NOK mill. EBIT -1 869 352 3 000 EBT -1 945 247 Non-current assets 21 416 17 633 2 000 Current assets 4 210 3 294…
  19. Q2 and H1 2015 Results – Bonheur Asa – slide 19
    Renewable energy Fred. Olsen Renewables AS
  20. Q2 and H1 2015 Results – Bonheur Asa – slide 20
    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 is under construction with…
  21. Q2 and H1 2015 Results – Bonheur Asa – slide 21
    Business Model and Project Portfolio Site Investigation Development Consented Construction Operation Scotland Scotland 100-180 MW Scotland Sweden Scotland Crystal Rig extension Crystal Rig III 14 MW Fbodliden - 78 MW Crystal Rig…
  22. Q2 and H1 2015 Results – Bonheur Asa – slide 22
    Projects in the UK and Ireland
  23. Q2 and H1 2015 Results – Bonheur Asa – slide 23
    Projects in Scandinavia
  24. Q2 and H1 2015 Results – Bonheur Asa – slide 24
    Renewable energy - Key financials As per first half year (NOK million) 2015 2014 Revenues 625 396 NOK mill. EBITDA 444 288 450 EBIT 245 144 400 EBT 193 65 350 Non-current assets 4 855 4 033 300 Current assets 5 063 1 532…
  25. Q2 and H1 2015 Results – Bonheur Asa – slide 25
    Renewable energy - Wind farms 25
  26. Q2 and H1 2015 Results – Bonheur Asa – slide 26
    Shipping / Offshore wind Fred. Olsen Ocean Ltd. - Fred. Olsen Windcarrier AS - Universal Foundation Norway AS
  27. Q2 and H1 2015 Results – Bonheur Asa – slide 27
    Shipping / Offshore wind - Overview Fred. Olsen Windcarrier Two transport and installation jack-up vessels for offshore wind turbines; Brave Tern (2012) and Bold Tern (2013) Contracts: Commissioning support contract for Brave Tern at…
  28. Q2 and H1 2015 Results – Bonheur Asa – slide 28
    Shipping / Offshore wind Key financials As per first half year (NOK million) 2015 2014 Revenues 578 705 NOK mill. EBITDA 133 215 500 EBIT 67 147 450 EBT -4 116 400 Non-current assets 2 410 2 448 Current assets 758 911 350 Total…
  29. Q2 and H1 2015 Results – Bonheur Asa – slide 29
    Shipping / Offshore wind - Vessels 29
  30. Q2 and H1 2015 Results – Bonheur Asa – slide 30
    Cruise Fred. Olsen Cruise Lines Ltd.
  31. Q2 and H1 2015 Results – Bonheur Asa – slide 31
    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,…
  32. Q2 and H1 2015 Results – Bonheur Asa – slide 32
    Cruise - Key financials As per first half year (NOK million) 2015 2014 Revenues 1 013 795 NOK mill. EBITDA 116 7 600 EBIT 3 -82 EBT 18 -102 500 Non-current assets 1 606 1 426 Current assets 431 389 400 Total assets 2 037 1 815…
  33. Q2 and H1 2015 Results – Bonheur Asa – slide 33
    Cruise Ships Boudicca Braemar Balmoral Black Watch 33 33
  34. Q2 and H1 2015 Results – Bonheur Asa – slide 34
    Other Investments NHST Media Group AS - Koksa Eiendom AS - Various
  35. Q2 and H1 2015 Results – Bonheur Asa – slide 35
    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…
  36. Q2 and H1 2015 Results – Bonheur Asa – slide 36
    www.bonheur.net www.ganger-rolf.com 36

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