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Q4 2013 RESULTS – Eidesvik Offshore Asa

Eidesvik Offshore Asa · Feb 27, 2013 · 15 slides

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Slides

  1. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 1
    Presentation 4th Quarter 2013 Oslo 27.02.2013 CEO Jan Fredrik Meling
  2. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 2
    News after 31.12.2013 Lundin Petroleum hires Viking Queen for 15 wells with option for further 5 wells. Commencement of contract is ultimo 2014. The vessel will be upgraded with FI-FI II and NOFO 2009
  3. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 3
    4th Quarter 2013 results (4th Quarter 2012 in brackets) Revenues MNOK 237,9 (223,7) EBITDA: MNOK 135,2 (121,9) Operating profit MNOK 81,0 (44,0) Pre-tax profit: MNOK 35,0 (39,5)
  4. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 4
    Results 4th Quarter 2013 (in million NOK, Gain on sale excluded) Operating revenues The results in 4th quarter compared to last 300 year are influenced of: 250 -Viking Forcados was sold in Q3 2013 200 -Viking Poseidon commenced yard…
  5. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 5
    Cash flow (in million NOK) 4th Quarter 4th Quarter 2013 2012 2013 2012 Net cashflow from operating activities 129,4 165,6 483,0 491,4 Net cashflow from investment activities (64,6) (127,0) 110,7 (738,3) Net cashflow from finance…
  6. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 6
    Balance (in million NOK) 6 000 Short-term liab. Current Assets Short-term liab. Current assets 5 000 4 000 Long-term liabilities Long-term liabilities 3 000 Fixed assets Fixed assets 2 000 1 000 Equity Equity 0 Assets…
  7. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 7
    Segments Incl. Share of Joint Ventures Excluded gain on sale (MNOK) 4th Quarter 2013 Seismic Subsea Supply Other Revenues 70,1 96,5 113,8 7,2 Revenues Q4 2013 EBITDA 67,7 50,4 54,5 -2,7 EBIT 39,3 22,7 22,1 -3,3 EBITDA margin 97% 52%…
  8. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 8
    Results 2013 (in million NOK) Operating revenues Profit adj. for agio and financial instrument revaluation 1 050 250 850 200 650 150 450 250 100 50 50 2011 2012 2013 2011 2012 2013 Operating revenues Gain on Sale…
  9. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 9
    Contract backlog (per 31.12.2013) 9
  10. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 10
    Contract status seismic Viking Vanquish Viking Vision Veritas Viking Viking 2 Veritas Vantage Geo Searcher Oceanic Vega Oceanic Sirius 2014 2015 2016 2017 2018
  11. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 11
    Contract status subsea Subsea Viking Acergy Viking Viking Poseidon European Supporter Seven Viking Kleven no 365 2014 2015 2016 2017 2018
  12. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 12
    Contract status supply Viking Queen Viking Lady Viking Athene Viking Energy Viking Avant Viking Nereus Viking Prince Viking Princess 2014 2015 2016 2017 2018
  13. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 13
    Operations 1st Quarter 2014 Viking Poseidon commenced a yard stay due to crane issues in December 2013, and is expected to be off-hire for several weeks in 1st Quarter 2014. Viking Queen will be off-hire for 3-4 weeks during 1st…
  14. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 14
    Market The Board expects that the market for platform supply vessels in the North-Sea will be healthy in 2014. This as a result of seasonal project work that will absorb vessels in addition to general high activity. The global…
  15. Q4 2013 RESULTS – Eidesvik Offshore Asa – slide 15
    Thanks for Your attention

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