Second quarter 2013 highlights Consolidated EBITDA was USD 50.6 million compared to USD 38.8 million for the second quarter 2012 Consolidated Net Profit after tax was USD 19.9 million compared to USD 11.7 million for the second…
Outcome of IPO IPO closed on 4th of July with the shares listed on the Oslo Stock Exchange as from 5th of July The offering was oversubscribed at NOK 27 after the price per share was reduced from the initial price range 33,736,110…
Development in key financials EBITDA per quarter (USDm) Dividend Yield +30% 48.8 50.6 38.8 38.1 39.4 10.3%**p.a Q22012 Q32012 Q42012 Q12013 Q22013* Net profit per quarter (USDm) Ambition for 2013 dividend per share +70% 19.9…
P&L Income statement Revenues: Increased revenues as a result of delivery of Far Pro Senator late Q1 2013 and Far forma Statesman in Q2 2013 2nd 2nd 1st Quarter Quarter Quarter 1st Half 1st Half Personell expenses: Higher Amounts…
Balance sheet Balance sheet 31 31 30 June December 30 June December Amounts in USD million 2013 2012 Amounts in USD million 2013 2012 ASSETS Total equity 522.0 533.0 Vessels and equipment 1 307.3 1 157.7 Intangible assets 38.3…
Steady production on the FPSO Dhirubhai-1 and preparations to increase production on the MA-D6 field Steady production with 99.8% utilisation in Q2 Preparations to increase production on the MA-D6 field Drilling of one new well and…
Increased rates for US Jones Act product tankers giving support to the AMSC bond valuation Increased demand for US Jones Act Tankers AMSC share Long term TC rates has increased to about 70,000 per day Very limited orderbook of new…
Ocean Yield Summary and outlook Another steady quarter with increase in EBITDA and net profit Positive news flow giving support to the AMSC bond valuation and increasing likelihood of operations for the FPSO on the MA- D6 field…
Q&A session August 13 Company presentation 10
Appendix : USD 1.6 billion in contracted EBITDA with average charter tenor of 7.3 years Firmperiod Unit Counterparty Contracttype 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 ends Dhirubhai1 Reliance…
Appendix: Covenant compliance in Bond Agreement OCY Bond ISIN NO 001 065437.9 2012/2017 Bond price development Q22013 MinimumBookEquityof 25% 32.5% MinimumCashof 25Million 60.1million EBITDA/Interest expenses 2.5x 6.02x…
Appendix - Cash flow Cash flow statement 1st Quarter 2nd Quarter 2nd Quarter 1st Half Investments reflects Amounts in USD million 2013 2013 2012 2013 delivery of Far Profit before tax 17.8 19.8 11.5 37.6 Statesman Sales…
Appendix - Board composition Trond Brandsrud Chairman of the Board (1958) CFO Aker ASA Previous CFO in Seadrill and more than 20 years experience from Shell Kjell Inge Rkke Board Member (1958) Largest shareholder in Aker ASA,…
Loading...
