REACH SUBSEA ASA IN BRIEF Reach Subsea was established in 2008 in Norway as a consultancy company. Reach Subsea merged with former Green Reefers and created Reach Subsea ASA (Reach) on Oslo Stock exchange. new equity, new,…
FIVE YEAR PERSPECTIVE ON PLAN SO FAR 2012 2013 2014 2015e 2016e Realistic growth plan increasing fleet by one Vessels 0 1 3 4 5 vessel per year ROV systems 0 2 5 8 12 Investing in new assets and securing the right Employees 10-15…
BUSINESS SEGMENTS
4Q2014 HIGHLIGHTS REACH has contributed successful offshore operation with four ROV spreads (vessel and associated ROV equipment and personnel) in the fourth quarter from the vessels Dina Star, Stril Explorer, Edda Fonn and Normand…
4Q2014 RESULT Turnover from four vessels EBITDA-margin 8,1% ROE 16,1 % Solid, positive growth compared to 2013
4Q2014 BALANCE SHEET Equity represents 58.6 % of the total balance sheet Current assets/current liabilities = 3,1 Of the receivables, NOK 53 mill is a cash deposit serving as security for bank and leasing debt
MARKETS AND PROSPECTS Market outlook Reduced tender activity in Oil&Gas marked. Oil companies reconsidering spending plans. Reach Subsea: Maintain the flexible business model with low risk compared to peers. Maintain high focus on…
FLEET 2015 Normand Reach (CSV): Timecharter with DOF Subsea 2 x Supporter WROV Dina Star (MPSV): Tenders/Spot market - low risk 1 x Supporter WROV Stril Explorer (Survey-vessel): ROV-services to MMT Sweden AB 1 x Supporter…
SURVEYOR Successful testing of Surveyor Interceptor in December and January with Edda Fonn. The testresults where above expectations and the Surveyor will perform its first commercial job in 1Q15.
OWNERSHIP Shareholders Number % of total Highlights: Management and other employees have a substantial ownership share Stock option programme for employees
KRE JOHANNES LIE
EXPANDING RESOURCE BASE Our human resources both onshore and offshore consist of highly skilled personnel, all with long experience in planning, management and execution of advanced subsea operations
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