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Q4 2013 EARNINGS CALL – Deep Sea Supply Plc

Deep Sea Supply Plc · Feb 26, 2014 · 19 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 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 1
    DEEP SEA SUPPLY PLC Presentation 26 February 2014
  2. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 2
    Highlights - 2 new vessels delivered in 4Q to DESS BTG - Sea Frost - Sea Spark - Sea Panther commenced long term charter with Petrobras - An intensive year of Special Surveys concluded - Reduced revenues compared to 3Q due to; -…
  3. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 3
    DEEP SEA SUPPLY PLC Share price development and share turnover Share price and total return since listing 2013 average monthly volume and turnover velocity 4,5 % 6 40 4,0 % Traded shares per month / Average shares…
  4. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 4
    DEEP SEA SUPPLY PLC Income statement 4Q (Unaudited figures in USD 1,000) 4Q 2013 4Q 2012 3Q 2013 Operating revenue 29 840 38 934 34 049 Vessel operating expenses (14 731) (20 065) (13 293) Other operating expenses (2 705) (3 496) (2…
  5. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 5
    DEEP SEA SUPPLY PLC Income statement YTD (Unaudited figures in USD 1,000) YTD 2013 YTD 2012 Operating revenue 140 392 124 140 Vessel operating expenses (65 184) (66 345) Other operating expenses (12 442) (12 356) Other gains 572 566…
  6. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 6
    DEEP SEA SUPPLY PLC Area of current operation Office PSV AHTS PSV DESS BTG AHTS DESS BTG DEEP SEA SUPPLY Q4 2013 6
  7. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 7
    DEEP SEA SUPPLY PLC Cash flow statement (Unaudited figures in USD 1,000) 2013 2012 Cash flows from operating activities Cash generated from operations 39 874 47 985 Net cash generated from operations 39 874 47 985 Cash flows from…
  8. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 8
    DEEP SEA SUPPLY PLC Balance sheet (Unaudited figures in USD 1,000) 31.12.2013 31.12.2012 (Unaudited figures in USD 1,000) 31.12.2013 31.12.2012 Non-current assets Liabilities Vessels cost 485 490 638 976 Borrowings 299 182 466 913…
  9. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 9
    DEEP SEA SUPPLY PLC Shareholders The largest shareholders as per 21 Feb 2014 registered in VPS Citizen No. of shares: % HEMEN HOLDING LIMITED CYP 44 583 853 35,05% SKAGEN KON-TIKI NOR 12 229 431 9,61% DNB NOR MARKETS NOR 4 287 705…
  10. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 10
    DEEP SEA SUPPLY PLC Contract backlog Contract backlog Deep Sea Supply fleet as per February 2014 (includes 50% of DESS BTG backlog) Vessel Type Vessels on Term Contracts Value AHTS * 11 of 14 Vessels USD 100M PSV ** 15 of 19…
  11. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 11
    DEEP SEA SUPPLY Deep Sea Supply: Fleet list & charter status as per February 2014 2013 2014 Vessel Type Bhp/Dwt Year Built Trading Area Q4 Q1 Q2 Q3 Q4 AHTS Vessels Sea Lynx KMAR 404 15.000 BHP 1999 North Sea Sea Bear KMAR 404…
  12. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 12
    DESS BTG DESS BTG: Fleet list & charter status as per February 2014 2013 2014 Vessel Type Bhp/Dwt Year Built Trading Area Q4 Q1 Q2 Q3 Q4 AHTS Vessels Sea Tiger KMAR 404 15.000 BHP 1999 Brazil Sea Panther KMAR 404 15.000 BHP 1999…
  13. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 13
    DEEP SEA SUPPLY PLC Commencement of new long term charter contracts Vessel Owner Charterer Commenced operations Sea Panther DESS BTG Petrobras 19.11.13 Sea Flyer Deep Sea Supply PLC* Apache 17.01.14 Sea Forth DESS BTG Apache…
  14. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 14
    DESS BTG DESS BTG: Newbuilding delivery Vessel No Vessel Yard Type Bhp/Dwt Expected Delivery PSVs ZJ 2022 Sea Springer Sinopacific Ulstein PX 105 4,700 DWT 2Q - 14 DEEP SEA SUPPLY Q4 2013 14
  15. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 15
    DESS BTG Special and Interim Surveys - 2014 Vessel Owner Planned Maintenance Planned Month Sea Fox DESS BTG Interim Survey January Sea Jackal DESS BTG Interim Survey February Sea Vixen DESS BTG Interim Survey September Sea Stoat DESS…
  16. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 16
    DEEP SEA SUPPLY PLC Age distribution current fleet and order book AHTS PSV Vessel < 20 years: 25,1% of total fleet Vessel < 20 years: 17,2% of total fleet Vessel < 30 years: 9,6% of total fleet Vessel < 30 years: 8,30% of total…
  17. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 17
    DEEP SEA SUPPLY PLC Rig and supply market Supply vessels Total fleet AHTS PSV Existing fleet 2834 1564 1270 Orderbook 515 18% 156 10% 359 28% Average age 12,6 13,2 11,8 Rig market Total fleet Semis/drillships Jackups Existing…
  18. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 18
  19. Q4 2013 EARNINGS CALL – Deep Sea Supply Plc – slide 19
    presis 360 COMPANY ADDRESSES Cyprus Deep Sea Supply Plc John Kennedy Ave., Iris House, 7th Floor, Office no.740B Limassol 3100 Cyprus Deep Sea Supply Management (Cyprus) Ltd P.O.Box 53340 CY-3302 Limassol Cyprus Norway Deep Sea…

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