Fourth Quarter 2013 Presentation 25th February 2014
Fourth quarter 2013 highlights Declared quarterly dividend of 12.25 cents per share Increase of 0.25 cents versus last quarter USD 0.49 per share annualized (Dividend yield of 8.3% p.a.) Payout ratio of 62.0% of net result after tax…
Full year 2013 financial highlights EBITDA (USDm) EBITDA was USD 207.7 million compared with USD 151.4 million on a pro-forma basis for 2012 +37% 207.7 151.4 Net Profit after tax was USD 82.7 million compared with USD 44.7 million…
Development in key financials EBITDA per quarter (USDm) Dividend Yield +36% 48.8 50.6 55.6 52.7 38.8 38.1 39.4 8.3%** p.a Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013* Q4 Quarterly Dividend Net profit per quarter…
Increased value of American Shipping bonds AMSC has raised USD 162 million in new equity, substantially reducing the counterparty risk AMSC Market Cap (in USD million) Amended terms on the bond loan: +421 Converted from NOK to USD…
Steady performance on the Dhirubhai-1 100 % Utilisation in Q4 2013 and 99.9% for the year 2013 Reliance completed drilling of new well in December 2013 Increased production of gas as from January 2014 Work over of additional well…
P&L Income statement Comments Revenues: One-off Pro Forma adjustment in revenues of 3rd Quarter 4th Quarter 4th Quarter Jan - Dec Jan - Dec USD -0.5 million in 4th quarter Amounts in USD million 2013 2013 2012 2013 2012 quarter…
Net profit after tax adjusted for non-recurring items Adjustments Comments 4th Quarter Amounts in USD million 2013 Profit after tax 26.5 - One-off adjustment to Operating Revenues (0.5) Correction related to operating lease income…
Balance sheet Balance sheet 31 December 30 September 31 December 30 September Amounts in USD million 2013 2013 Amounts in USD million 2013 2013 ASSETS Total equity 703.7 687.8 Vessels and equipment 1 281.1 1 304.0 Intangible…
USD 1.7 billion in contracted EBITDA Firm period Unit Counterparty Contract type 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 ends Dhirubhai1 Reliance Bareboat / O&M Sep18 Wayfarer Aker Solutions…
Ocean Yield Summary and outlook Declared increased quarterly dividend of 12.25 cents per share. Expects to further increase the dividend in 2014 Increased value of the AMSC bonds is expected to have positive profit and loss effect…
Q&A session February 14 Company presentation 12
Appendix: Covenant compliance in Bond Agreement OCY Bond ISIN NO 001 065437.9 2012/2017 Q4 2013 Minimum Book Equity of 25% 42.1% Minimum Cash of 25 Million 132.9 million EBITDA/ Interest expenses 2.5x 5.88 x February 14…
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