Q1 Q2 Q3 Q4 Q410 Deep Sea Supply Plc 24th of February 2010 Presentation
Q4 highlights Improved Revenues, EBITDA and Net Result Sale of vessels; - Sea Otter & Sea Marten opportunistic sale (Q410) - Sea Cougar & Sea Wolf strategic / fleet renewal (Q111) - Sea Weasel market access Malaysia j/v…
Q4 Operational Continuous operational improvements - Established Deep Sea Supply Management (Singapore) Pte Ltd. Technical management of DESS vessels Crew management Managing DESS vessels operating world-wide Improved opex…
Q4 Strategic Market access becoming local globally; - South America: 8 (10) vessels in Brazil will work to increase fleet EBN status expected shortly - Asia: DESS now local player in Malaysia Structure in place / first…
Q4 Strategic ambitions Growing the Companys fleet - Pursuing several alternatives - Newbuildings - an attractive option (price/delivery) - Acknowledged designs inexpensive yards - Larger vessels suited to Charterers…
Q4 Share price and total return Total Return Price 40 35 30 2010 average monthly volume and turnover velocity 25 NOK per share 8% 100 20 90 7% 15 Traded shares per month / Average shares outstanding 80…
Q4 2010 INCOME STATEMENT (Unaudited figures in USD 1,000) YTD 2010 YTD 2009 Operating revenue 132,346 167,633 Vessel operating expenses -73,681 -66,163 Operating lease -2,925 0 Other gains / (losses) 0 8,953 Gain on sale 15,819 8,765…
Q4 Q410 Segment information - Area of Operations The segment results for the year ended 31 December 2010 is as follows: Asia / Aus- North / South Unallocated North Sea Africa tralia America Mediterranean items Total Segment…
Q4 Q410 Segment information - Type of Vessel The segment results for the year ended 31 December 2010 is as follows: Unallocated AHTS PSV items Total Segment revenues 92,351 39,995 0 132,346 Vessel operating expenses -53,581…
Q4 Q410 CASH FLOW STATEMENT Year ended 31 December (Unaudited figures in USD 1,000) 2010 2009 Cash flows from operating activities Cash generated from operations 36,409 110,598 Net cash generated from operating activities 36,409…
Q4 BALANCE SHEET (Unaudited figures in USD 1,000) 31.12.10 31.12.09 Non-current assets Vessels cost 603,322 650,537 Construction contract 24,736 26,327 Equipment 659 65 Deferred income tax 234 0 Other long term receivables 455…
Q4 BALANCE SHEET (Unaudited figures in USD 1,000) 31.12.10 31.12.09 Liabilities Borrowings 467,819 471,599 CIRR loan 43,647 49,374 Deferred gain 36,573 53,057 Long term tax liabilities 1,806 0 Other long term liabilities 11…
Q4 SHAREHOLDERS THE LARGEST SHAREHOLDERS AS PER 17 FEBRUARY REGISTERED IN VPS Citizen No. of shares: % HEMEN HOLDING LIMITED CYP 44,583,853 35.14% SKAGEN KON-TIKI NOR 11,096,000 8.75% PERESTROIKA AS NOR 6,350,000 5.01% SVENSKA…
Q4 Fleet list & Charter Status as per 24 February 2010 Vessel Type Bhp/Dwt Year built 2011 2012 2013 2014 AHTS Vessels 1Q 2Q 3Q 4Q Sea Lion AHTS Havyard 842 17520 BHP 04.11.08 Mediterranean Sea Tiger AHTS KMAR 404 15000 BHP 1998…
Q4 Newbuilding Delivery Vessel no Vessel Yard Type Bhp/Dwt Expected Delivery AHTS Vessels 272 Sea Jackal ABG AHTS Seatech P-729 6800 BHP Mar 11 273 Sea Badger ABG AHTS Seatech P-729 6800 BHP May 11 274 Sea Vixen ABG AHTS…
Q4 age distribution current fleet and order book Supply fleet by building year 350 300 250 Number of units 200 150 100 50 0 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976…
Q4 The rig and supply market seems to be in balance Supply vessels Total fleet AHTS PSV Existing fleet 2318 1351 967 Orderbook 393 17% 215 16% 178 18% Average age 12.9 13.7 11.8 Rig market Total fleet Semis/drillships Jackups…
Q4 Market outlook Long term market fundamentals are strong - high oil price - increase in E&P spending in 2011 - increase in rig fleet Soft market expected in the short term Trend of old vessels leaving the market continuing…
Q4 2nd Quarter 2010 21
Deep Sea Supply Group Contact information www.deepseasupply.no Cyprus Norway Deep Sea Supply Plc Deep Sea Supply Management AS John Kennedy Ave. Tromyveien 22 Iris House 4841 Arendal 7th Floor Norway Office no.740B Limassol 3100…
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