An Oslo Stock Exchange listed shipping company Ticker: OTS CEO: Haico Halbesma CFO: Torbjrn Skulstad Q1 2015 Presentation Oslo 27 May 2015 1 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2015
AGENDA Strategy Highlights of the Company Financials Market Outlook & Focus Going Forward 3 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2015
v STRATEGY 4 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2015
DIVERSIFICATION STRATEGY Two operating segments: Oceanteam Shipping Oceanteam Solutions Operating through variety of global business units and different markets This diversification strategy allows company to maintain and…
FINANCIAL STRATEGY A disciplined financial strategy: USD MILLION Diversified sources of financing through many long term bank relations De-leveraging of high yield bond, leads to reduced quarterly finance costs of 1 mUSD from q2…
OIL PRICE Demand growth pushes price up after 2016 Company has secured superior backlog for both 2015, 2016 and partly into 2017 Diversification of Companys global business units & working segments makes us robust against…
v HIGHLIGHTS OF THE COMPANY 8 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2015
INCREASED SOLUTIONS SEGMENT Revenue split USD in million Shipping segment Solutions segment Two CSVs and one LV through Focus on Oil & Gas and Offshore joint ventures: Renewable markets SHIPPING SOLUTIONS KCI The Engineers CSV…
SHIPPING Highlights CSV BO 101, Southern Ocean and North Ocean 105 utilized as planned The construction of DOT Shippings large offshore support vessel is progressing as planned and the two new build FSVs are in full operation in…
SOLUTIONS Highlights RentOcean / Oceanteam Solutions KCI The Engineering Awarded contract to supply cable KCI worked on multi discipline laying equipment, crew and cable service contracts: transpooling job in The Netherlands…
v FINANCIALS 13 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2015
SHARE PRICE DEVELOPMENT Share development: A positive increase 2012 / 2015 FMV developments Stable value of modern fleet, high-end deep water assets. Booked equity 44% USD 132 million (after 10% share buy back) Market…
HISTORICAL EBITDA DEVELOPMENT KEY FINANCIAL FIGURES (USD MILLION) 35 EBITDA performance: 30 2014 EBITDA is the best annual performance ever 25 Last Twelve Months trading USD 20 31 million Forecast First quarter 2015 is without…
P&L REPORT END Q1 2015 Figures in USD 000 Q1 2015 Q1 2014 Figures in USD 000 Cum Q1 2015 Cum Q1 2014 Revenue 12 641 12 607 Revenue 12 641 12 607 Total operating revenues 12 641 12 607 Total operating revenues 12 641 12 607 Net…
BALANCE SHEET Q1 2015 Figures in USD 000 31.03.2015 31.03.2014 Figures in USD 000 31.03.2015 31.03.2014 Assets Equity and liabilities Intangible assets 20 890 20 744 Total equity 131 760 135 850 Tangible assets 223 251 226 645…
v MARKET OUTLOOK & FOCUS GOING FORWARD 18 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2015
Subsea & Support fleet utilisation expected to decline up to 2016 but long term demand growing H&D pipelay & support market forecast H&D Pipelay & Subsea Support Vessel Fleet 350 120% Type 2008 2009 2010 2011 2012 2013 2014 2015 2016…
Mexican growth E&P spending and replacement of tonnage will drive demand for new generation OSVs 20 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2015
SOLUTIONS Deck spread projects TYPICAL DEDICATED CABLE LAY VESSEL (HIGH DAYRATE) Spread Solution provided: 2x 4000T demountable turntables and a loading tower, with engineering services and operators on the CLV Hanjin…
SOLUTIONS Scope of work TRANSPORT CABLE HANDLING STORAGE DECK SPREAD CABLE TESTING ENGINEERING Solutions facilitates the submarine cable and umbilical HUMAN RESOURCES industry a full and integrated service comprising…
Supply Vessel fleet growing faster than demand with highest growth expected for high capacity vessels Global supply vessel market per region Global supply vessel market per type 3,500 100% 2,500 CAGR 2009-14 2014-19 95%…
Strong growth in Offshore Renewable market with focus on cutting installation and maintenance costs DEVELOPERS FORECAST REDUCED CAPEX AND REQUIRE INNOVATIONS 5.0 4.5 4.0 Project CAPEX (m/MW) 3.5 3.0 2.5…
Increasing Number of opportunities in cabling market 12000 11000 10000 Cumulative Array Cable to 2020 (km) 9000 8000 7000 6000 5000 3x 4000 3000 2000 1000 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018…
FOCUS GOING FORWARD Optimize capital structure further to maximize value and facilitate growth Continue transition to increase solution services earnings by increasing added value by effectively combining engineering, marine assets…
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 27 OCEANTEAM SHIPPING ASA Q1 PRESENTATION…
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