An Oslo Stock Exchange listed shipping company Ticker: OTS CEO: Haico Halbesma CFO: Torbjrn Skulstad Q4 2013 Presentation Oslo 13 February 2014 1 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2013
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…
AGENDA Company Overview Finance structure: OTS Bond and Equity Financials Market Outlook 3 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2013
v Company Overview 4 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2013
OCEANTEAM SHIPPING High-end deep-water Vessels Engineering 150 people Engineering & Modular Carousels, strong Execution Support Specialist Equipment, Storage & Handling Our Mission Creating value through: Providing complex…
COMPANY OVERVIEW ENGINEERING Shipping segment REVENUE USD 6M Engineering segment Three CSVs and one LV Backlog EUR 13 million Focus on Oil & Gas and Offshore through joint ventures plus Renewables two FSVs Equipment rental…
FOCUS GOING FORWARD Target markets Large harsh- and deep-water Construction Support Vessels (CSV) and Pipe Lay Vessels Market CSVs and Pipe Lay Vessels combined with in-house engineering know-how Grow contract backlog RentOcean and…
SHIPPING Our Fleet CSV Bourbon Oceanteam 101 CSV North Ocean 102 High-end deep-water offshore construction CSV Southern Ocean Proven quality in the most demanding and advanced deep- LV North Ocean 105 water operations FSV…
SHIPPING Charter Status Robust backlog USD 137 million with solid clients 9 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2013
ENGINEERING Equipment Status 10 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2013
ENGINEERING - Services Iberdrola, Substation Jacket Design Oranje Nassau Energie, Q16 Gas Development Plant Design Engineering Services, 150 people strong 11 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2013
ENGINEERING & EQUIPMENT RENTAL Handling, Transport & Storage Services Offshore Installation Certified Proprietary Designs Equipment Modular & Easy Transport One design concept for onshore & offshore operations 13 OCEANTEAM…
v Finance Structure 14 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2013
BOND REFINANCE New Debt Maturity Profile USD MILLION EBITDA to date - USD 27.3 million equal 45% of revenue 200 175 Cash position - USD 15.7 million (101, 102 & 105 cash 150 level is not on the IFRS line) 125 Net financial 100…
EQUITY - Share Price Development Share development: - a positive increase during the year FMV developments - Stable value of modern fleet, high-end deep water assets Booked equity - 48% - USD 157 million (after 10% share buy…
COMPANY OVERVIEW Highlights Q4 Engineering segment Shipping segment OceanWind awarded long-term Revenue USD 7.8m storage and handling contract from E.ON CSV Southern Ocean is consolidated 4.000 ton carousel for LS Cable successfully…
v Financials 19 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2013
P&L REPORT END Q4 2013 Figures in USD 000 Q4 2013 Q4 2012 Figures in USD 000 2013 2012 Revenue 10 716 13 022 Revenue 49 321 48 788 Total operating revenues 10 716 13 022 Total operating revenues 49 321 48 788 Net income of…
BALANCE SHEET Q4 2013 Figures in USD 000 31.12.2013 31.12.2012 Figures in USD 000 31.12.2013 31.12.2012 Assets Equity and liabilities Intangible assets 20 724 18 506 Total equity 156 989 154 382 Tangible assets 280 947 267 673…
LARGE TAX DEDUCTIBLE LOSSES Norway OTS has a confirmed tax loss to carry forward of USD 169 M (NOK 1 billion) The CSVs comply with the Norwegian Tonnage Tax regime with approximately 0% tax CSV 101, Southern Ocean and LV 105 are…
v Market Outlook 23 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2013
EUROPEAN OFFSHORE WIND MARKET OUTLOOK 2013 saw Europes most successful period for full commissioning of new offshore wind projects; Total installed capacity at present stands at 7.35GW, with a further 3.19GW under construction.…
HARSH & DEEP-WATER VESSELS SCARCITY EXPECTED FROM 2014 Base case has demand growth 2012-17 of 11,5% p.a. and fleet capacity growth of 9 % p.a. based on no further new building contracts, cancellations nor scrapping H&D pipelay &…
GOING FORWARD - Checklist for September 2014: Enhancement and pricing of equity instrument Continued focus on high quality assets and balance sheet New investments in high quality assets utilizing the clean capital structure Risk…
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 28 OCEANTEAM SHIPPING ASA Q4 PRESENTATION…
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