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Q4 2011 EARNINGS CALL – Deep Sea Supply Plc

Deep Sea Supply Plc · Feb 29, 2012 · 15 slides

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Slides

  1. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 1
    4Q11 Deep Sea Supply Plc Presentation 29 Feb 2012
  2. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 2
    HIGHLIGHTS 4Q11 Improved nancials Reduced cost due to inhouse technical & crew management 7 new long term charter contracts and more to come Growth in Brazil 3
  3. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 3
    7 LONG TERM CHARTER CONTRACTS AWARDED 4Q11 New contracts Vessels Charterer Term Commencement Sea Cheetah Petrobras 4Y + 4Y option 29th Feb 2012 Sea Jaguar Petrobras 4Y + 4Y option 1st Mar 2012 Sea Brasil BP 3Y + 1+1+1Y July 2012 Sea Fox…
  4. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 4
    GROWTH IN BRAZIL 4Q11 Recent contract awards for 7 vessels with Petrobras and BP By end of 2Q 2012, the company will have 15 vessels operating in Brazil, at least 12 on long term contracts Increased and stable revenues for Deep Sea…
  5. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 5
    FLEET LIST & CHARTER STATUS AS PER FEBRUARY 2011 Vessel Type Bhp/Dwt Year Built Trading Area 2012 2013 2014 AHTS Vessels Q1 Q2 Q3 Q4 Sea Lynx KMAR 404 15000 BHP 1999 North Sea North Sea Spot Sea Bear KMAR 404 15000 BHP 1999 North…
  6. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 6
    SHARE PRICE DEVELOPMENT AND SHARE TURNOVER Share price and total return since listing 2011 average monthly volume and turnover velocity Close Price Total Return 40 4,5% 80 35 4,0% 70 3,5% Traded shares per month /…
  7. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 7
    INCOME STATEMENT 4Q 2011 4Q11 (Unaudited figures in USD 1,000) 4Q 11 4Q 10 3Q 11 Operating revenue 31 615 37 337 33 428 Vessel operating expenses (16 123) (18 807) (16 739) Operating lease 0 (1 104) 0 Other gains 59 0 107 Gain on sale 1…
  8. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 8
    INCOME STATEMENT FY 2011 4Q11 (Unaudited figures in USD 1,000) 2011 2010 Operating revenue 115 402 132 346 Vessel operating expenses (72 124) (73 681) Operating lease (1 684) (2 925) Other gains 370 0 Gain on sale 29 017 15 819 Other…
  9. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 9
    AREA OF CURRENT OPERATION Office PSV AHTS 10
  10. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 10
    CASH FLOW STATEMENT 4Q11 (Unaudited figures in USD 1,000) 31 Dec 2011 31 Dec 2010 Cash ows from operating activities Cash generated from operations 16 725 36 409 Net cash generated from operating activities 16 725 36 409 Cash ows…
  11. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 11
    BALANCE SHEET 2Q11 (Unaudited figures in USD 1,000) 31.12.11 31.12.10 (Unaudited figures in USD 1,000) 31.12.11 31.12.10 Non-current assets Liabilities Borrowings 403 511 456 497 Vessels cost 557 222 603 322 CIRR loan 37 790 43 647…
  12. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 12
    SHAREHOLDERS 4Q11 The largest shareholders as per 20th Feb 2012 registered in VPS Citizen No. of shares: % HEMEN HOLDING LIMITED CYP 44 583 853 35,11% SKAGEN KON-TIKI NOR 12 229 431 9,63% PERESTROIKA AS NOR 6 350 000 5,00% DNB NOR…
  13. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 13
    AGE DISTRIBUTION CURRENT FLEET AND ORDER BOOK AHTS PSV Vessel 20 years: 29% of total eet Vessel 20 years: 20% of total eet Vessel 30 years: 11% of total eet Vessel 30 years: 8,8% of total eet 300 250 200 No of units…
  14. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 14
    THE RIG AND SUPPLY MARKET 4Q11 Supply vessels Total eet AHTS PSV Existing eet 2491 1458 1033 Orderbook 419 17% 149 10% 270 26% Average age 12,3 12,8 11,7 Rig market Total eet Semis/drillships Jackups Existing eet 768 289…
  15. Q4 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 15
    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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