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Q2 2013 RESULTS – Deep Sea Supply Plc

Deep Sea Supply Plc · Aug 15, 2013 · 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. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 1
    DEEP SEA SUPPLY PLC Presentation 15 August 2013
  2. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 2
    DEEP SEA SUPPLY PLC Highlights The 50% sale of Brazilian operations was closed on 31.05 - Net sales gain of USD 81,6 mill. - Free cash increased to USD 106,3 mill. (incl. 50% of JV cash position) The fleet increased from 24 to 30…
  3. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 3
  4. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 4
    DEEP SEA SUPPLY PLC Share price development and share turnover Share price and total return since listing 2013 average monthly volume and turnover velocity Close Price Total Return 0,045 6 40 Traded shares per month /…
  5. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 5
    DEEP SEA SUPPLY PLC Income statement (Unaudited figures in USD 1,000) 2Q 2013 2Q 2012 1Q 2013 Operating revenue 37 790 28 339 38 713 Vessel operating expenses (17 786) (15 042) (19 374) Other operating expenses (3 178) (2 762) (3…
  6. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 6
    DEEP SEA SUPPLY PLC Income statement YTD (Unaudited figures in USD 1,000) YTD 2013 YTD 2012 Operating revenue 76 503 49 749 Vessel operating expenses (37 160) (29 367) Other operating expenses (7 104) (6 179) Other gains 225 303 Gain…
  7. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 7
    DEEP SEA SUPPLY PLC Area of current operation Office PSV AHTS PSV JV AHTS JV DEEP SEA SUPPLY Q2 2013 7
  8. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 8
    DEEP SEA SUPPLY PLC Cash flow statement Period ended 30 (Unaudited figures in USD 1,000) Jun 13 Jun 12 Cash flows from operating activities Cash generated from operations 21 143 16 632 Net cash generated from operations 21 143 16…
  9. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 9
    DEEP SEA SUPPLY PLC Balance sheet (Unaudited figures in USD 1,000) 30.06.2013 31.12.2012 (Unaudited figures in USD 1,000) 30.06.2013 31.12.2012 Non-current assets Liabilities Vessels cost 415 927 638 976 Borrowings 306 908 466 913…
  10. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 10
    DEEP SEA SUPPLY PLC Shareholders The largest shareholders as per 1st August 2013 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 3 509…
  11. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 11
    DEEP SEA SUPPLY PLC Contract backlog Contract backlog Deep Sea Supply fleet as per July 2013* (includes 50% of JV backlog). Vessel Type Vessels on Term Contracts as of 01.02.13 Contract backlog AHTS 11 of 14 Vessels USD 94M PSV 9…
  12. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 12
    DEEP SEA SUPPLY PLC Deep Sea Supply: Fleet list and Charter status as per Aug. 2013 Vessel Type Bhp/Dwt Year Built Trading Area 2013 2014 AHTS Vessels Q2 Q3 Q4 Q1 Q2 Q3 Q4 Sea Lynx KMAR 404 15000 BHP 1999 North Sea Sea Bear KMAR 404…
  13. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 13
    DEEP SEA SUPPLY BTG Deep Sea Supply BTG: Fleet list and Charter status as per Aug. 2013 Vessel Type Bhp/Dwt Year Built Trading Area 2013 2014 AHTS Vessels Q2 Q3 Q4 Q1 Q2 Q3 Q4 Sea Tiger KMAR 404 15000 BHP 1999 Brazil Sea Panther KMAR…
  14. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 14
    DEEP SEA SUPPLY BTG Deep Sea Supply BTG: Newbuilding delivery Vessel No Vessel Yard Type Bhp/Dwt Expected Delivery PSVs ZJ 2015 Sea Forth Sinopacific Ulstein PX 105 4,700 DWT 2H - 13 ZJ 2016 Sea Frost Sinopacific Ulstein PX 105…
  15. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 15
    DEEP SEA SUPPLY PLC Age distribution current fleet and order book AHTS PSV Vessel 20 years: 27,3% of total fleet Vessel 20 years: 19,0% of total fleet Vessel 30 years: 10,0 % of total fleet Vessel 30 years: 9,3% of total…
  16. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 16
    DEEP SEA SUPPLY PLC Rig and supply market Supply vessels Total fleet AHTS PSV Existing fleet 2814 1603 1211 Orderbook 469 16,7% 144 9% 325 26,8% Average age 12,69 13,08 12,17 Rig market Total fleet Semis/drillships Jackups…
  17. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 17
    DEEP SEA SUPPLY PLC Next step eep Sea Supply in discussion with PSV Holding Inc, a company affiliated with D Hemen Holding, on the possible purchase of up to 10 PSV newbuilds E xpansion is planned to be financed by a combination…
  18. Q2 2013 RESULTS – Deep Sea Supply Plc – slide 18
  19. Q2 2013 RESULTS – 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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