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Q2 2013 RESULT – Oceanteam Shipping Asa

Oceanteam Shipping Asa · Aug 29, 2013 · 25 slides

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Slides

  1. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 1
    An Oslo Stock Exchange listed shipping company Ticker: OTS CEO: Haico Halbesma CFO: Torbjrn Skulstad Q2 2013 Presentation Oslo 29 August 2013 1 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2013
  2. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 2
    CAUTIONARY STATEMENT This presentation contains forward looking information. Forward looking information is based on management assumptions and analysis. Actual experience may differ, and those differences may be material. Forward…
  3. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 3
    AGENDA Highlights Q2 Financials Market Outlook 3 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2013
  4. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 4
    HIGHLIGHTS Q2 Revenue from operations USD 15.2 million ENGINEERING EBITDA from operations is positive; USDREVENUE 6.0 million USD 6,1M EBITDA SD 0,9M EBITDA MARGIN 14% Operating profit of USD 2.6 million SHIPPING 5 year dry…
  5. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 5
    HIGHLIGHTS Q2 OceanWind awarded its first cable storage and handling contracts ENGINEERING 2.000 Ton modular carousel system wasREVENUE delivered USDin April 2013 6,1M EBITDA SD 0,9M EBITDA MARGIN 14% OTS-designed 15 Ton…
  6. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 6
    v Company Overview 6 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2013
  7. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 7
    SHIPPING - CHARTER STATUS Robust back log with solid clients 7 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2013
  8. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 8
    ENGINEERING - SERVICES Wintershall, Relocation of MPP P6-S to Q1-D Hollandia Strukton JV, 10120 Riffgat Offshore Sub Station Design Engineering Services, 160 people strong 8 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2013
  9. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 9
    ENGINEERING - SERVICES Handling, Transport & Storage Services Offshore Installation Certified Proprietary Designs Equipment Modular & Easy Transport One design concept for onshore & offshore operations 9 OCEANTEAM SHIPPING ASA…
  10. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 10
    ENGINEERING - SERVICES OceanWind Flexible Storage & Transport Solutions OceanWind awarded first storage contracts OceanWind facilitates the submarine cable industry by offering its clients a full and integrated range of services,…
  11. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 11
    v Financials 11 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2013
  12. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 12
    FINANCIAL SUMMARY Figures in USD million Q2 2013 Q2 2012 2013 2012 2011 Revenue 15,2 16,1 31,7 66,5 61,2 Operating costs (4,6) (5,4) (10,1) (23,4) (24,7) EBITDA 6,0 7,3 13,1 28,7 24,8 EBITDA percentage 39 % 45 % 41 % 43 % 40…
  13. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 13
    EBITDA DEVELOPMENT HISTORICAL KEY FINANCIAL FIGURES (USD MILLION) 30 25 20 15 10 5 0 2010 2011 2012 H1 2013 KEY FINANCIAL FIGURES (USD MILLION) 10 8 6 4 2 0 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1…
  14. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 14
    P&L REPORT END Q2 2013 Figures in USD 000 Q2 2013 Q2 2012 Cum 2013 Cum 2012 Revenue 14 673 15 432 30 595 30 788 Total operating revenues 14 673 15 432 30 595 30 788 Net income of associates 531 673 1 106 673 Operating costs (4…
  15. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 15
    BALANCE SHEET Q2 2013 Figures in USD 000 30.06.2013 31.12.2012 Figures in USD 000 30.06.2013 31.12.2012 Assets Equity and liabilities Intangible assets 18 545 18 506 Total equity 106 792 112 068 Tangible assets 230 541 233 081…
  16. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 16
    BOND REFINANCE NEW DEBT MATURITY PROFILE USD MILLION 200 175 150 125 100 75 50 25 0 2013 2014 2015 2016 2017 Loan Balance Amortization 16 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2013
  17. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 17
    LARGE TAX DEDUCTIBLE LOSSES Norway OTS has a confirmed tax loss to carry forward of USD 169 M (NOK 1 017 M) The CSVs comply with the Norwegian Tonnage Tax regime with approximately 0% tax CSV 101, Southern Ocean and LV 105 are under…
  18. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 18
    v Market Outlook 18 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2013
  19. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 19
    EUROPEAN OFFSHORE WIND MARKET OUTLOOK 4000 35 3500 30 Capacity to Start Installation (MW) Cumulative Capacity (GW) 3000 25 2500 20 2000 15 1500 10 1000 5 500 0 0 2010 2011 2012 2013 2014 2015 2016 2017 2018…
  20. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 20
    POWER CABLE OUTLOOK 1400 10000 1400 10000 3500 16000 Infield 9000 Export 9000 Interconnector 1200 1200 3000 14000 8000 8000 12000 1000 7000 1000 7000 2500 10000 6000 6000 800 800 2000 5000 5000 8000 600 600 1500 4000 4000 6000…
  21. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 21
    H&D is strongest market in growth areas Average annual demand growth expected to be 12% in the H&D surf market H&D Infield pipeline forecast per region 3,500 Asia-Pacific 3,000 Mediterranean West Africa 2,500 Latin America North…
  22. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 22
    HARSH & DEEP-WATER VESSELS SCARCITY EXPECTED FROM 2014 H&D pipelay & support market forecast H&D Pipelay vessel demand & supply balance 400 140% 80 Idle Other demand Demand 350 Opex Capex 120% 70 Fleet 300 Utilisation Vessel…
  23. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 23
    COMPLETE EQUIPMENT SOLUTIONS Cable Storage Solutions High-end-deep-water Vessels Specialist Equipment Engineering Capacity Bespoke Modular Carousels Significant growth in umbilical installation market expected in the coming…
  24. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 24
    FOCUS GOING FORWARD Focus Enhance equity instrument with continued focus on high quality assets and balance sheet New investment in high quality assets utilizing the clean capital structure Target markets Large harsh- and deep-water…
  25. Q2 2013 RESULT – Oceanteam Shipping Asa – slide 25
    THANK YOU Oceanteam Shipping ASA Corporate Headquarters Tveitarsveien 12 T +47 55 10 82 40 PO Box 463, Nesttun F +47 55 10 82 49 5853 Bergen E infooceanteam.no Norway WWW.OCEANTEAM.NO 25 OCEANTEAM SHIPPING ASA Q2 PRESENTATION…

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