Skip to main content FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa | Shale Experts
Loading...
Database
Slide Database

FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa

Farstad Shipping Asa · Feb 17, 2011 · 40 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. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 1
    Agenda Company Company Structure Financial Matters and Values Shareholder matters Business Focus Competitors, Market, Prospects The Fleet and Employment Presentation February 17th 2011 CEO Karl-Johan Bakken CFO Torstein L.…
  2. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 2
    Farstad Shipping brief summary No of vessels in operation: 58 (32 AHTS, 24 PSV, 2 Subsea): No of newbuilds: 4 No of employees offshore: 1.710 No of employees p y onshore: 190 Market value fleet (excl. newbuilds): Bln. NOK…
  3. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 3
    Farstad Shipping ASA Listed since 1988 Largest shareholders (07.02.11) (07 02 11) No of shares % 1 Tyrholm & Farstad AS 15 796 199 40,5 2 Folketrygdfondet 3 891 600 10,0 3 Brown Brothers Harriman Fidelity 3 250 000 8,3 4 Pareto…
  4. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 4
    Farstad Shipping Company structure Farstad Shipping ASA 100% 100% 100% 100% 100% 100% 100% 100% 100% Farstad Farstad Farstad Farstad Shipping Pte.Ltd Farstad Shipping Ltd Farstad Farstad Farstad Africa AS Brasil AS Australia AS…
  5. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 5
    Result 4th Quarter 2010(preliminary) (NOK mill.) Res 4Q-09 Res 4Q-10 An acceptable quarter in a challenging year. Operating income 804,7 905,3 Non-recurring items Profit on sale of fixed assets 00 0,0 00 0,0 Pension liabilities y…
  6. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 6
    Development result(preliminary) (NOK mill.) 4Q-09 1Q-10 2Q-10 3Q-10 4Q-10 Operating income excl. Sale of vessels 804,7 730,5 853,3 867,9 905,3 Crewing expenses vessels 233,0 265,9 285,1 310,3 300,5 Other operating expenses vessels…
  7. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 7
    Development result - Quarterly Operating income excl. sale of assets Mill NOK 1,000.0 900.0 800.0 700.0 600.0 500.0 400.0 300.0 200.0 100.0 0.0 1st Quarter 2nd Quarter 3rd Quarter 4th…
  8. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 8
    Development result - Quarterly EBIT excl. profit from sale of vessels Mill NOK 500.0 450.0 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2006 124.9 141.0…
  9. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 9
    Result 31.12. 2010 (preliminary) 4,000 70.0 % (NOK mill.) Res.31.12.09 Res.31.12.10 Operating income 3 257,6 3 357,1 All figures excl. profit from sale of vessels Profit on sale of fixed assets 0,0 , 1,1 , 3,500 60 0 % 60.0 Total…
  10. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 10
    Result 4Q and 31.12.10 (preliminary) Operating income- sorted by segment OPERATING INCOME *) 4. quarter 4. quarter 1.1-31.12 1.1-31.12 1.1-31.12 2010 2009 2010 2009 2008 Northwest Eurpoe Brasil Indian Pacific Other Markets AHTS 574…
  11. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 11
    Result 4Q and 31.12.10 (preliminary) STATEMENT OF 4. quarter 4. quarter 1.1-31.12 1.1-31.12 1.1-31.12 COMPREHENSIVE INCOME 2010 2009 2010 2009 2008 Result 39 508 869 085 431 766 1 931 503 1 225 555 Other comprehensive income:…
  12. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 12
    Result 4Q and 31.12.10 (preliminary) STATEMENT OF CASH FLOW 4. quarter 4. quarter 1.1-31.12 1.1-31.12 1.1-31.12 2010 2009 2010 2009 2008 Cash flow from operating activity 447 379 581 542 1 666 754 1 621 273 1 501 385 Cash flow…
  13. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 13
    Balance Sheet 31.12.10(preliminary) ASSETS 31.12.10 31.12.09 31.12.08 EQUITY AND LIABILITIES 31.12.10 31.12.09 31.12.08 Goodwill 30,2 30,2 30,2 Total equity capital 6 582,4 6 251,9 4 440,0 Vessels etc. 11 278,7 10 065,6 7 721,2 D…
  14. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 14
    Return on Equity and Capital Employed 40.0 % 36.1 % 31.1 % 30.0 % 23.6 % 24.2 % 22.8 % 20.0 % 17.1 % 17.3 % 16 4 % 16.4 14.8 % 13.3 % 12.0 % 11.7 % 11.3 % 10.0 % 8.5 % 8.0 % 6.6 % 7.2 % 7.0 % 0.0 % 2003 2004…
  15. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 15
    Market values vessels -free free of charter and available in the market Mill. NOK Mill. NOK 575 575 Values peaked summer 2008, 550 550 525 525 bottomed out winter 2010. 500 500 475 475 450 450 Average increase in values of 425 425…
  16. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 16
    Farstad Shipping pp g - Values NOK dividend/ share Values NOK/ share 6.00 300 5.00 250 4.00 200 3.00 150 2 00 2.00 100 1.00 50 0.00 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010*) Dividend…
  17. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 17
    Agenda Company Structure Financial Matters and Values Shareholder matters Business Focus Competitors, Market, Prospects The Fleet and Employment Presentation February 17th 2011 CEO Karl-Johan Bakken CFO Torstein L. Stavseng
  18. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 18
    Farstad Shipping - International competitive position backed by the Norwegian maritime cluster Values Business Focus z To be a leading provider of Safety minded quality Support Vessel Services to the international Value creative…
  19. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 19
    Farstad Shipping HSEQ LTIF - (No of incidents per mill. work hours ) 14 12 10 8 6 4 2 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Farstad…
  20. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 20
    Fleet Structure Supply Vessels Worldwide PSV2.000 dwt AHTS10.000 bhp 664 vessels l + 151 newbuilds b ild (23%) 443 vessels+108 l 108 newbuilds b ild (24%) DWT BHP Approx Approx. 43% Approx. pp o . 2.600 .600…
  21. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 21
    Farstad Shipping The Fleet F b February 2011 12 PSV lesund 2 SUBSEA Aberdeen 2 AHTS 1 PSV 3 AHTSSingapore Macae Rio 3 PSV 11 AHTS Perth 8 PSV Melbourne 16 AHTS
  22. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 22
    North Sea Fleet S Supply- l Demand- D d Utilisation Utili ti 350 96 % 95 % 95 % 100 % 94 % 93 % 92 % 91 % 90 % 90 % 89 % 90 % 88 % 311 90 % 293 300 278 280 265 268 80 % 252 251 251 250 241 236 70 % 226 207 212…
  23. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 23
    North Sea Fleet S Supply- l Demand- D d Utilisation Utili ti 350 100.0% 95.0% 300 90.0% 250 85.0% 200 80 0% 80.0% 75.0% 150 70.0% 100 65.0% 50 60.0% 0 55.0% Term demand Spot demand Fleet size Total…
  24. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 24
    North Sea Spot p Market Source: Platou 24
  25. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 25
    25
  26. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 26
    Worldwide semisubmersible market No of rigs E-Dec-11: Total demand 178 rigs, 70 Total supply 212 rigs, Marketed supply 193 rigs 60 50 40 30 20 10 0 NW Europe Asia Pacific N America C-S America West Africa…
  27. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 27
    AHTS 10.000 BHP and PSV 2.000 DWT W ld id sorted Worldwide t d by b owners// managers No of vessels AHTS = 443 vessels PSV = 664 vessels Newbuilds = 259 vessels 120 Total fleet incl. newbuild counts 1366 vessels 144 owners. 100…
  28. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 28
    AHTS 10.000 BHP and PSV 2.000 DWT W ld id andd the Worldwide th Northwest N th t Europe E *) PSV 2000 DWT AHTS 10.000 BHP No of vessels No of vessels 700 500 Other markets Northwest Europe Other markets Northwest Europe…
  29. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 29
    Newbuildings sorted by regions AHTS 10.000 BHP and PSV 2.000 DWT AHTS = 108 vessels PSV = 151 vessels Subsea=57 No of vessels 70 60 21 50 7 3 40 25 30 17 35 1 20 6 1 26 18 4 8 4 10 20 21 6 2 13 2 8 11 3 02…
  30. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 30
    Newbuildings sorted by deliverytime AHTS 10.000 10 000 BHP, BHP PSV 2.000 2 000 DWT andd Subsea S b Subsea (63 vessels)…
  31. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 31
    AHTS 10.000 BHP Worldwide Fleet Growth No of vessels No of vessels Increase in fleet Total fleet incl. Newbuilds Increase in fleet Total fleet incl. Newbuilds 600 600 550 555 546 551 524 527 500 500 443 401 401 400 400 338…
  32. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 32
    PSV 2.000 DWT W ld id Fleet Worldwide Fl t Growth G th No of vessels Increase in fleet Total fleet No of vessels Increase in fleet Total fleet 900 900 815 793 796 803 758 749 800 711 800 664 700 700 575 575 600 600 501 501…
  33. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 33
    AHTS 10.000 BHP W ld id sorted Worldwide t d by b regions i No of vessels Jan.-06 Jan.-07 Jan.-08 Jan.-09 Jan.-10 Jan.-11 160 150 138 140 120 116 100 94 88 77 80 74 72 71 65 59 60 56 54 53 51 51 45 45…
  34. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 34
    PSV 2.000 DWT W ld id sorted Worldwide t d by b regions i No of vessels Jan.-06 Jan.-07 jan.08 Jan.-09 Jan.-10 Jan.-11 200 187 179 180 171 168 158 160 140 135 128 123 123 120 112 105 103 97 100 88 82 81 77…
  35. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 35
    Contract Summary AHTS/CSV February 2011 35
  36. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 36
    Contract Summary PSV February 2011 36
  37. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 37
    Farstad Shipping Contract Summary Fleet total February 2011 *)) 70,0%**) 47,5%**) 31,5%**) 19,8%**) 16,4%**) **) AHTS = 61 6% 61,6% 40 4% 40,4% 32 1% 32,1% 21 6% 21,6% 19 1% 19,1% **) PSV = 80,6% 56,0% 30,9% 17,9% 13,6%…
  38. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 38
    Farstad Shipping pp g The Fleet 38
  39. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 39
    Summary Oil price i stays t strong. t Positive market development. Market balance for supply vessels disturbed by oversupply. New builds still too many. many Cost increase a challenge in certain region FS positioned for…
  40. FEBRUARY 2011 CORPORATE PRESENTATION – Farstad Shipping Asa – slide 40
    Takk for oppmerksomheten Better by Far 40

From the store

Browse maps, data & reports in the Shale Experts store