Skip to main content Q1 2014 EARNINGS CALL – Ocean Yield Investor Presentation | Shale Experts
Loading...
Pm

Q1 2014 EARNINGS CALL – Ocean Yield

Ocean Yield · May 9, 2014 · 13 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. Q1 2014 EARNINGS CALL – Ocean Yield – slide 1
    First Quarter 2014 Presentation 9th May 2014
  2. Q1 2014 EARNINGS CALL – Ocean Yield – slide 2
    First quarter 2014 highlights Declared quarterly dividend of 12.50 cents per share Increase of 0.25 cents versus last quarter USD 0.50 per share annualized (Dividend yield of 7.8% p.a.) Payout ratio of 59% of net result after tax…
  3. Q1 2014 EARNINGS CALL – Ocean Yield – slide 3
    Liquified Ethylene Gas Carriers 3 newbuilds Vessel: 3 Liquified Ethylene Gas (LEG) Carriers newbuilds Yard cost: USD 243 million (total for the three vessels) Yard: Sinopacific Offshore & Engineering, China Delivery:…
  4. Q1 2014 EARNINGS CALL – Ocean Yield – slide 4
    Hegh PCTCs 4900 2 X 2010 built Vessel and charter Vessel: Hegh Beijing and Hegh Xiamen Type: PCTCs, 4900 car capacity Investment: USD 90 million Charter: Hell and High water bareboat charter Built: 2010 Yard: Xiamen Shipbuilding…
  5. Q1 2014 EARNINGS CALL – Ocean Yield – slide 5
    USD 1.1 billion in committed investments to date and USD 2.1 billion in EBITDA backlog Committed investments (USDm) Total EBITDA backlog* 315 333 130 210 130 USD 2.1 billion Q3 2012 Q4 2012 Q1 2013 Q3 2013 Q2 2014 Total…
  6. Q1 2014 EARNINGS CALL – Ocean Yield – slide 6
    Development in key financials EBITDA per quarter (USDm) Dividend Yield +37% 48.8 50.6 55.6 52.7 53.2 38.8 38.1 39.4 7.8%* p.a Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q1 Quarterly Dividend Net profit per…
  7. Q1 2014 EARNINGS CALL – Ocean Yield – slide 7
    P&L Income statement Comments Operating Expenses: Lower than budgeted in Q1 related 1st Quarter 1st Quarter Jan - Dec to the FPSO Dhirubhai-1 Amounts in USD million 2014 2013 2013 Depreciation: Lower depreciation on FPSO as…
  8. Q1 2014 EARNINGS CALL – Ocean Yield – slide 8
    Net profit after tax adjusted for non-recurring items Adjustments Comments 1st Quarter Amounts in USD million 2014 Profit after tax 28.6 - One-off adjustment to Financial Income 11.5 AMSC bonds: Reclassification of fair value…
  9. Q1 2014 EARNINGS CALL – Ocean Yield – slide 9
    Balance sheet Balance sheet 31 March 31 March 31 March 31 March Amounts in USD million 2014 2013 Amounts in USD million 2014 2013 Total equity 710.2 546.8 ASSETS Vessels and equipment 1 263.4 1 241.0 Interest-bearing debt 760.5…
  10. Q1 2014 EARNINGS CALL – Ocean Yield – slide 10
    USD 2.1 billion in contracted EBITDA* Unit Counterparty Contract type 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Firm period ends Dhirubhai1 Reliance Bareboat / O&M Sep18 Wayfarer Aker Solutions Bareboat…
  11. Q1 2014 EARNINGS CALL – Ocean Yield – slide 11
    Ocean Yield Summary and outlook Declared increased quarterly dividend of 12.50 cents per share Steady performance of the FPSO Dhirubhai We have passed USD 1.1 billion in committed new investments with the Hegh and the Hartmann…
  12. Q1 2014 EARNINGS CALL – Ocean Yield – slide 12
    Q&A session May 14 First Quarter 2014 12
  13. Q1 2014 EARNINGS CALL – Ocean Yield – slide 13

From the store

Browse maps, data & reports in the Shale Experts store