Fourth Quarter 2014 highlights Quarterly dividend increased to USD 0.1425 per share Increase of 0.5 cents or 3.6% versus Q314 (14.5% annualized) USD 0.57 per share annualized, representing a dividend yield of 9.4% p.a. EBITDA was…
Recent transactions Acquired the vessel SBM Installer in December for USD 150m in combination with a 12-year bareboat charter to the SBM Offshore Group Sale of Geco Triton for USD 8.2m to Western Geco Increased existing loan facility…
Attractive and diversified portfolio of industrial shipping and oil service assets Floating Production Car Carriers (PCTCs) Storage Offloading Newbuilds 8,500 CEU Dhirubhai-1 XS1462E & XS1462F Subsea Equipment Support Vessel…
All vessels on long term charter with USD 2.2 billion in EBITDA* backlog Unit Type Built Counterparty 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Hegh XS1462F PCTC 2016 Hegh Autoliners Hegh XSI462E PCTC 2016…
Acquisition of SBM Installer with 12 year bareboat charter completed in December 2014 Vessel: SBM Installer Type: Diving Support & Construction Vessel Built / Yard: 2013 / Keppel, Singapore Price: USD 150 million Debt: USD 110m…
Sale of the seismic vessel Geco Triton Geco Triton sold to Western Geco for USD 8.2m in December Book value was USD 12.0 million, resulting in a book loss of USD 3.8 million in Q4 Net cash proceeds of USD 8.2 million as there…
Significant growth in EBITDA from delivery of new projects EBITDA1 per quarter (USDm) 48.8 50.6 55.6 52.7 53.2 55.4 54.2 53.9 Q4 EBITDA negatively 38.1 39.4 impacted by Wayfarer finance lease reclassification of USD Q3 Q4 Q1 Q2…
Adjusted Net Profit and Dividend per share Dividend yield Adjusted net profit per share, annualized basis (USD)** 0.74 0.64 0.76 0.78 0.78 0.81 9.4%* p.a. Pay-out ratio on Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 adjusted…
P&L Income statement Comments 3rd Quarter 4th Quarter 4th Quarter Jan - Dec Jan - Dec Amounts in USD million Note 2014 2014 2013 2014 2013 Revenues: Operating revenues 65.4 62.1 60.6 249.3 239.0 Negatively impacted by Aker Vessel…
Net profit after tax adjusted for non-recurring items Adjustments Comments 3rd Quarter 4th Quarter Amounts in USD million 2014 2014 Profit after tax 24.5 30.5 - One-off adj. to Other Operating Expenses 2.9 - Provision in connection…
Balance sheet Balance sheet 30 September 31 December 30 September 31 December Amounts in USD million 2014 2014 Amounts in USD million 2014 2014 ASSETS EQUITY AND LIABILITIES Vessels and equipment 1 194.6 1 308.0 Total equity…
Contractual obligations and financing Contractual obligations newbuildings / modification of Aker Wayfarer Other Oil Gas Car Amounts in USD million FPSO Service Carriers Carriers Total Already paid - 14.0 24.3 24.9 63.2 2015 - 19.3…
In compliance with covenants in bond agreement OCY02 Unsecured Bond Issue 2014/2019 Q4 2014 Q3 2014 Minimum Book Equity of 25% 39.7% 40.1% Minimum Cash of 25 Million 76.4 M 148.2 M EBITDA Interest expenses 2.5x 7.32x 6.82x…
Strategy and outlook Well positioned to continue to pay attractive and increasing quarterly dividends Challenging shipping and oil-service markets in 2015 is not expected to have a negative effect on earnings as all vessels are on…
Appendix February 15 Fourth Quarter 2014 17
Aker Wayfarer P/L recognition and new rate after FX conversion Cash received vs. income recognition (USDm)* Revised base bareboat rate 41,4 41,6 41,8 36,0 28,3 29,3 27,5 25,4 19,8 25,8 8,5 10,2 12,1 14,1 16,4 Additional BB…
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