Earnings Presentation Second Quarter 2015 20 August 2015
Highlights Second Quarter 2015 Second quarter 2015 operating revenue of USD 124.4 million and operating margin of USD 41.1 million (33%), compared to USD 114.2 million in operating revenue and USD 38.2 million (33%) in operating margin…
Subsequent Events The Board of Siem Offshore Inc. appointed Idar Hillersy as Chief Executive Officer of the Company. Daya paid the deposit of USD10 million for the Siem Daya 1. Extended contract for the R/V JOIDES Resolution until…
Income Statement Second Quarter Twelve Months Second Quarter First Half Ended 2015 2014 2015 2014 2014 (Amounts in USD million) Unaudited Unaudited Unaudited Unaudited Audited Operating revenue 124.4 114.2 250.4 208.6 491.3…
Adjusted Net Profit Twelve Months Second Quarter First Half Ended 2015 2014 2015 2014 2014 (Amounts in USD million) Unaudited Unaudited Unaudited Unaudited Audited Net Profit (loss) ( 45.0) 12.1 (70.6) 29.9 70.7 Unrealized…
Financial Position as of 30 June 2015 (all in USDm) Book equity ratio of 34%. Other Current Assets Current Liabilities Cash and cash equivalents of approx. Cash & Cash Equivalents USD 75 million as of 30 June 2015. Net interest…
Cash and Cash Equivalents development Net cash flow from operations USD 55.1 million. Cash flow from investing activities USD (54.4) million. Cash flow from financing activities USD (39.0) million. Net change in cash USD (38.3)…
Scheduled Debt Maturity Profile 06.2015 - 2019 The graph reflects committed and assumed mortgage debt for all 8 vessels(1) under construction per end of 2Q 2015. Gross debt expected to peak in 2016 based on existing financing and…
Future Yard Instalments per end 2Q 2015 Amounts in USD million Future Yard Instalments 2015 2016 Total Yard instalments for shipbuilding contracts are normally paid with 20% during OSRVs 5.3 0.0 5.3 construction and 80% at delivery.…
Contract Backlog - Approximately USD 1.62bn of Firm Contract Backlog as of 30 June 2015. Firm contract backlog for the OSV segment of USD 1.35 bn. 6M 2015 USD 125 million. 2016 USD 270 million. 2017 onwards USD 950 million.…
OSV Segment Operating Margin, Vessels in Operation and Shipbuilding Contracts
OSV Segment - Currently 45 Vessels in Operation Vessels in operation 101) AHTS Vessels 6 OSCV 122) PSV (3,600 5,100 dwt) 17 Other vessels 4) Canadian Other fleet vessels 63) 10 Installation support vessel 1 Average…
OSV Segment - Comments to Second Quarter 98% utilisation of the OSCV fleet. Five of the vessels operated on long-term contracts during the quarter. Three vessels operating in the North Sea/Europe. Two vessels operating in the US…
OSV Segment - Operating Margin Second Quarter Second Quarter 2015 Second Quarter 2014 Operating Operating Operating Operating Operating Operating Operating Operating Amounts in USD million revenue expenses margin margin % revenue…
OSV Segment - Employment for vessels in operation 2015 2016 2017 2018 1) Employment for Siddis Mariner includes firm time Vessel Type Ownership 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q charter for Siem Offshore Contractors. Siem…
OSV Segment - Employment for vessels in operation (cont) 2015 2016 2017 2018 Vessel Type Ownership 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Big Orange XVIII WSV 41 % Burin Sea AHTS 50% Panuke Sea PSV 50% Ryan Leet MPSV 50% Trinity…
OSV Segment - Vessels under Construction, including Employment 2015 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q OSRV, Siem Marataizes 8 Yrs Firm + Options CLV, Siem Aimery Long term contract with Subsidiary PSV DF, Siem…
OSV Segment - Market Outlook The North Sea spot market for AHTS vessels and PSVs continued the trend from the first quarter with soft rates and utilization. Additional AHTS vessels and PSVs have returned to the North Sea from various…
Industrial Segment Operating Margin, Investments
Industrial Segment - Operating Margin Second Quarter Second Quarter 2015 Second Quarter 2014 Operating Operating Operating Operating Operating Operating Operating Operating Amounts in USD million revenue expenses margin margin %…
Industrial Segment - Siem Offshore Contractors; Submarine power cable activities by main projects Amrumbank West Baltic 2 OWF Nordsee One Nordsee One OWF Veja Mate OWF OWF Awarded Mar, 2012 Feb, 2013 Dec, 2012 Apr, 2014 1) Apr,…
Industrial Segment - Siem WIS The Julius project commenced late April and Siem WIS is still onboard Maersk Gallant delivering the pressure control device (PCD) services. The operation has been a good success for Siem WIS and has…
Industrial Segment - Market Outlook SOC experienced an increased tendering activity for EPIC-based contracts for both medium- and high-voltage power cables in the offshore windfarm (OWF) market with scheduled marine installation…
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