Second quarter 2014 highlights Increased dividend on the back of substantial contract backlog and visible growth from committed projects Increase of 0.5 cents versus last quarter 4.0% dividend growth quarter on quarter USD 0.52 per…
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:…
Hegh PCTCs 4900 CEU Delivered to Ocean Yield in Q2 2014 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…
Successful delivery of first newbuilding car carrier Delivered from DSME Mangalia on April 30th 2014 Commenced 12 year bareboat charter to Hegh Autoliners from delivery Capacity of 6,500 cars Increased contribution towards…
New credit facility established for financing of six car carriers USD 250 million term loan and revolving credit facility Maturity in August 2021 Margin of LIBOR + 2.25% p.a. Repayment profile of 14 &15 years Revolving credit…
Reduced funding cost in the bond market OCY 01 2012/2017 NOK 600 million loan NIBOR + 6.50 % p.a. Repurchased NOK 462.5 million Remaining NOK 137.5 million callable from July 2014 at 106% OCY 02 2014/2019 NOK 600 million with…
USD 2.0 billion in contracted EBITDA* with strong sector diversification Contracted EBITDA per segment 0% 12 % EBITDA Charter backlog per segment Subsea vessels USD 561 million 28 % FPSO USD 462 million 15 % Car carriers USD…
Development in EBITDA and net profit EBITDA per quarter (USDm) 48.8 50.6 55.6 52.7 53.2 55.4 38.8 38.1 39.4 Delivery of vessels Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2012 2013 2014 should add about Net profit per quarter (USDm) 15 Mill…
Net Profit / Dividend per share Dividend Yield Net profit per share, annualized basis (USD) 0.79 0.85 0.57 0.51 8.03 %* p.a Q3 Q4 Q1 Q2 2013 2013 2014 2014 Payout ratio on Dividend per share, annualized basis (USD) adjusted…
P&L Income statement Comments Operating Expenses: Lower 2nd Quarter 2nd Quarter First Half First Half than budgeted in Q2 related Amounts in USD million 2014 2013 2014 2013 to the FPSO Dhirubhai-1 Operating revenues 62.1 60.0…
Net profit after tax adjusted for non-recurring items Adjustments Comments 1st Quarter 2nd Quarter Amounts in USD million 2014 2014 Profit after tax 28.6 17.1 - One-off adjustment to Financial Income (11.5) - - One-off adjustment…
Balance sheet Balance sheet 30 June 30 June 30 June 30 June Amounts in USD million 2014 2013 Amounts in USD million 2014 2013 Total equity 707.1 522.0 ASSETS Vessels and equipment 1 366.4 1 307.3 Interest-bearing debt 811.5 838.7…
Ocean Yield Summary and outlook Declared increased quarterly dividend of 13.0 cents per share Delivery of three more vessels to the fleet Committed USD 333 million in new investments during the quarter Reduced funding cost both in…
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