Contents Highlights and material events Segment reporting Financial information Summary Page 2
Group Financial performance Q4 2014 highlights: Operating revenue of USD 268 million *EBITDA adjusted of USD 93 million *EBITDA margin adjusted of 35% EBITDA of USD 21 million EBITDA-margin of 8 % Loss in the period of USD…
Highlights and material events in Q4 2014 MODU Deepsea Aberdeen delivered from yard in November 2014. In transit to West of Shetland for its 7-year drilling contract with BP. Commencement of contract expected to take place during…
Dividends and Share buy-back program Dividends suspended - The Board has decided to suspend dividends for the financial year 2014 due to significant weakening of market fundamentals and the re-contracting risk in the Groups MODU…
Segment reporting - Mobile Offshore Drilling Units (MODU) MODU Highlights MODU Firm MODU contract backlog at 31 December 2014 of USD 1.8 billion Financial utilisation: Financial Utilisation1 Q4 14 Q4 13 FY 14 FY 13 Deepsea…
MODU - Dayrates, contract status and options Location Current day rate Drilling unit Contract status /operator (USD/day)1 Deepsea Angola 545,000 Unpriced Stavanger BP Angola Deepsea Norway 566,371 Atlantic Statoil Deepsea…
Segment reporting - Platform Drilling and Technology Platform Drilling and Technology Highlights Drilling & Technology Firm contract backlog of USD 0.5 billion at 31 December 2014 Value of priced optional periods of USD 1.4…
Segment reporting - Well Services BASES : EUROPE Norway United Kingdom Key figures Holland 550 employees Romania Services from 11 bases Operations in more than 20 countries BASES : ASIA Service offering Thailand…
Market outlook Exposed to re-contracting risk in a weak drilling market over the next couple of years MODU We expect a weak drilling market over the next couple of years due to continued delivery of newbuilds and oil companies…
Market outlook (cont.) General Due to the overall challenging market conditions, further cost cuts and efficiency improvement programs are in the process of implementation. In the longer term, we are of the opinion that the oil…
Earnings visibility through USD 3.9 billion order backlog Total revenue backlog per year (for firm contracts and priced option periods)1 USD million Firm contracts USD 2.4 billion Priced options USD 1.5 billion Total backlog USD…
Financial information
Financial performance highlights Group Operating Revenues (USDm) Odfjell Drilling reports for Q4 2014: Operating revenue of USD 268 million *EBITDA adjusted of USD 93 million *EBITDA margin adjusted of 35% EBITDA of USD 21…
Group summary financials Condensed consolidated income statement P&L - (USD million) Q4 14 Q4 13 FY 14 FY 13 Operating revenue 268 289 1 088 1 174 Other gains/losses -0 1 11 22 Share of profit/(loss) from joint ventures -84 1 -82 0…
Deep Sea Metro financials Deep Sea Metro Ltd Group - Key financials (100% basis) Condensed figures - (USD million) Q4 14 Q4 13 FY 14 FY 13 Interest bearing debt: Total income 74 88 345 359 At 31 December 2014 the total interest bearing…
Summary statement of financial position Group statement of financial position Assets (USDm) 31 Dec 2014 31 Dec 2013 Equity and liabilities (USDm) 31 Dec 2014 31 Dec 2013 Intangible assets 37 27 Total paid-in capital 332 337 Property,…
Summary statement of cash flow Group statement of cash flow Cash Flow - (USDm) Q4 14 Q4 13 FY 14 FY 13 Profit before income tax -12 39 81 171 Cash from operations 144 87 358 339 Interest paid -12 -14 -51 -56 Income tax paid -34 -19 -68…
Summary Q4 2014 Earnings visibility through USD 3.9 billion order backlog MODU exposed to re-contracting risk in a weak drilling market over the next couple of years Deepsea Aberdeen expected to commence on its long-term drilling…
President & CEO Simen Lieungh EVP & CFO Atle Sb Investor relations Lasse H. Johannesen, lajodfjelldrilling.com, +47 55 92 11 01 / +47 995 06 908 Press contact Gisle Johanson, gijoodfjelldrilling.com, +47 414 40 050 Next event: Q1 2015…
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