Presentation 3rd Quarter 2013 CEO Kre Johannes Lie
REACH SUBSEA HIGHLIGHTS-2012 Reach Subsea was established in 2008 in Norway by four founders with extensive subsea experience. During the last 4 years the company has provided ROV and engineering/ consultancy services to the oil…
REACH SUBSEA HIGHLIGHTS-2013 Reach Subsea agreed with Solstad in February this year to charter the newbuild Normand Reach for a 5 year period plus options. The vessel is a state of the art OCV with 250 tonnes crane and will be…
REACH SUBSEA HIGHLIGHTS-2014 Reach Subsea agreed with Dof Subsea AS in november this year a 2 year firm contract with 2 yearly options. The contract will start upon delivery of the newbuild from yard and include 2 of Reach Subsea…
FIVE YEAR PERSPECTIVE ON PLAN SO FAR Vessel spread ready for offshore work 3Q 2013 Realistic growth plan 2012e 2013e 2014e 2015e 2016e increasing fleet by one vessel per year Vessels 0 1 3 4 5 Investing in new assets and…
SUBSEA SERVICES Vessel Owners Subsea Subsea EPIC Services Asset intensive (-) Less asset intensive (+) Asset intensive (-) Lump-sum turn-key risk (-) Business Dayrate + spread revenue model (+) Dayrate revenue model (+)…
HIGHLY EXPERIENCED MANAGEMENT TEAM
BUSINESS SEGMENTS Inspection, Construction and Survey and pipeline maintenance and Decommissioning installation inspection repair Inspection of subsea Reach aims at the Light 3D seabed mapping Growing immature…
NORMAND REACH DOF SUBSEA CONTRACT 2 year contract from yard delivery plus 2 yearly options Delivery includes Reach 2 workrov units with advanced handling and rov personel Possibility for increased services related to offshore an…
INSPECTION,MAINTENANCE AND REPAIR Reach Subsea has shown this year to the market that the company can provide high quality IMR services at competitive pices to the end- clients fully satisfaction Next year we plan to introduce in…
REACH SUBSEA AND MMT COOPERATION Reach Subsea and MMT has in 2013 worked together onboard Bourbon Emerald where MMT has delivered specialized survey services and Reach ROVS and other subsea services The parties plan in 2014 to…
PROJECT INSTALLATION OF TURBINE Installation of a cable management system and a cable for a new tidal water turbine at Eday test site. Due to extreme current conditions, operation had to be preformed in a given period. Vessel was…
PROJECT MARIA SEABED SURVEY For end client Wintershall, Reach Subsea preformed route survey, site survey, environmental investigation and geotechnical work with vessel Bourbon Emerald. Our Supporter 20 was installed with survey…
PROJECT NETGUARD REPLACEMENT During installation from rig, Lundin had failed to install the well protection cover. These type of covers had never before been installed or replaced from a vessel, as drill string was the normal…
PROJECT TURBINE RECOVERY Problems occurred with the tide water turbine that was installed in august and due to the good performance of our Supporter ROV in the extreme current conditions, Reach Subsea was again asked to support the…
QUARTERLY CONSOLIDATED REPORT Resultatregnskap INCOME STATEMENT (i NOK '000) (in NOK '000 2013 2012 2013 2012 (Only Reach (Only Reach Subsea AS) Subsea AS) 01.07 30.09 01.07 30.09 01.01 30.09 01.01 30.09 Driftsinntekter 35.457…
QUARTERLY CONSOLIDATED REPORT Consolidated balance sheet (in NOK '000) Konsolidert Konsolidert Consolidated Consolidated Konsolidert balanse (i NOK '000) (only Reach Subsea AS) revidert/audited revidert/audited 30.09.2013…
QUARTERLY CONSOLIDATED REPORT Cash flow 2013 2013 (in NOK '000) Kontantstrm 01.07-30.09 01.01-30.09 (i NOK '000) Revidert/ Revidert/ audited audited 2.927 (4.927) Profit (loss) before tax Resultat fr skattekostnad Netto…
QUARTERLY CONSOLIDATED REPORT ACCELLO PARTNERS I AS 23 444 254 30,9 % JOSO INVEST AS 6 864 589 9,0 % JT INVEST AS 5 301 539 7,0 % A- INVEST AS 3 749 949 4,9 % GSE SANDVIK AS 3 437 500 4,5 % CAIANO AS 2 281 881 3,0 % THERMOTECH…
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