An Oslo Stock Exchange listed shipping company Ticker: OTS CEO: Haico Halbesma CFO: Torbjrn Skulstad Q1 2013 Presentation Oslo 23 May 2013 1 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
CAUTIONARY STATEMENT This presentation contains forward looking information. Forward looking information is based on management assumptions and analysis. Actual experience may differ, and those differences may be material. Forward…
HIGHLIGHTS Q1 Revenue from operations USD 16.5 million ENGINEERING EBITDA from operations is positive; USDREVENUE 7.2 million USD 6,1M EBITDA SD 0,9M EBITDA MARGIN 14% Operating profit of USD 3.8 million SHIPPING Total number…
HIGHLIGHTS Q1 - ENGINEERING Oceanteam is awarded a contract to supply LS Cable 4000t modular carousel system, 10t tensioner and accompanying equipment for two-year project ENGINEERING REVENUE USD 6,1M 2000t modular carousel system…
v Bond refinance 6 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
BOND REFINANCE NEW DEBT MATURITY PROFILE 7 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
v Company Overview 8 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
CHARTER STATUS Robust backlog with solid clients 9 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
ENGINEERING - SERVICES Wintershall, Relocation of MPP P6-S to Q1-D Hollandia Strukton JV, 10120 Riffgat Offshore Sub Station 10 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
OceanWind Cable Storage Solutions ENGINEERING - STORAGE OceanWind facilitates the submarine cable industry by offering its clients a full and integrated range of services comprising cable storage, cable handling, and cable…
v Financials 12 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
LARGE TAX DEDUCTIBLE LOSSES Norway OTS has confirmed tax loss to carry forward of USD 160 M (NOK 917 M) The CSV vessels comply with the Norwegian Tonnage Tax regime with approx. 0% tax CSV 101, Southern Ocean and LV 105 are under the…
v Market Outlook 20 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
Strongest market growth takes place in harsh & deepwater areas Global offshore pipeline installation forecast 16,000 S&B pipelines 14,000 H&D infield lines H&D trunklines 12,000 10,000 Km 8,000 6,000 4,000 2,000 -…
Demand for H&D support vessels expected to grow 13% p.a up to 2017, and about 70 vessels lacking in 2017 Global H&D support vessel forecast 300 160% Idle 250 Other 140% Opex Utilisation (300/365 days basis) Capex Vessel years…
NW Europe is still the major market for H&D subsea support vessels, but Asia-Pacific is growing fastest H&D Subsea support vessel demand per region 300 Transit Caspian 250 Asia-Pacific Vessel years (300 days basis) Med. &…
Brazil is the dominating market for H&D Reel-Lay Vessels H&D reel vessel demand per region Utilisation forecast for pipelay & support vessels 50 160% Transit 45 Asia Pacific Utilisation (300/365 days basis) 140% No. of vessel…
Global offshore wind farm cable demand Inter-array cable demand by year Export cable demand by year 2,500 6,000 Inter array cable length (km) 5,000 2,000 Probability inter- Probability array forecast export forecast Cable…
FOCUS GOING FORWARD Focus Enhance equity instrument with continued focus on high quality assets and balance sheet New investment in high quality assets utilizing the clean capital structure Target markets Large harsh- and deep-water…
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 28 OCEANTEAM SHIPPING ASA Q1 PRESENTATION…
v Appendix 1: Company overview 29 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
Our Fleet: SHIPPING CSV Bourbon Oceanteam 101 CSV North Ocean 102 North Ocean Series CSV Southern Ocean High-end deep-water offshore construction & pipe LV North Ocean 105 lay tonnage series FSV Mantarraya FSV Tiburon Proven…
Oil & Gas ENGINEERING - SERVICES Engineering Renewables services KCI is an experienced engineering company focusing on the oil and gas industry, complex structures and the renewable energy industry: Complex Structures Design and…
Selected assets ENGINEERING - EQUIPMENT POOL Oceanteam has an equipment rental division with a deep- water base in Velsen, The Netherlands OTS 10T tensioner Oceanteam provides various equipment for installation and burial of…
v Appendix 2: Bond loan 33 OCEANTEAM SHIPPING ASA Q1 PRESENTATION 2013
NOK BOND LOAN redemption date 23rd November 2012 In 2009 the OTS bond loan was restructured to NOK 400 million. Furthermore, it was added to an incentive structure that would compensate bondholders for the reduction in par value,…
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