COMPANY OVERVIEW Shipping segment Three CSVs and one LV through joint ventures plus two FSVs ENGINEERING Engineering segment Solid clients Oceaneering/BP REVENUE USD 9.0M Focus on Oil & Gas and Offshore Angola, Fugro TSM, McDermott…
SHIPPING Our Fleet CSV Bourbon Oceanteam 101 High-end deep-water offshore construction vessels CSV North Ocean 102 Proven quality in the most demanding and advanced deep- CSV Southern Ocean water operations LV North Ocean 105 FSV…
SHIPPING Charter Status Robust backlog USD 224 million with solid clients 8 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2014
SHIPPING Highlights Fleet CSV Southern Ocean is 100 per cent consolidated from the first quarter due to change in control effective from 2014 DOT Shippings first step; order of 2 Fast Support Vessels CSV Southern Ocean had technical…
DOT SHIPPING Order of 2 Fast Support Vessels Owner: DOT Shipping 60% Grupo Diavaz / 40% Oceanteam LoA 42 meter 96 passengers Cargo capacity 25 knots 85% MCR Reputable yard and construction on schedule Fully financed Flag:…
ENGINEERING & MARINE ASSET RENTAL Handling, Transport & Storage Services Offshore Installation Certified Proprietary Designs Equipment Modular & Easy Transport One design concept for onshore & offshore operations 11 OCEANTEAM…
DESIGN ENGINEERING - Services Jumbo Papa Terra Eductor project for Shell/NAM Design Engineering Services, 140 people strong 13 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2014
ENGINEERING & MARINE ASSETS Highlights RentOcean Marine Assets Sale of burial equipment Awarded long-term contract for supply of 3000T onshore KCI Design Engineering turntable KCI worked on multi discipline Awarded long-term…
FOCUS GOING FORWARD Target markets Growth of Mexico market with DOT Shipping / Grupo Diavaz Market large harsh- and deep-water Construction Support Vessels (CSV) and Pipe Lay Vessels Grow contract backlog and services of RentOcean in…
v Finance Structure 16 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2014
BOND Debt Maturity Profile EBITDA to date - USD 7.0 million equal 39% of revenue USD MILLION Cash position - USD 10.0 million (101, 102 & 105 cash level is not on the IFRS line) - In process of refinancing Marine Assets to improve…
EQUITY - Share Price Development Share development: - a positive increase 2014, but still too low value FMV developments - Stable value of modern fleet, high-end deep water assets Booked equity - 44% - USD 146 million (after…
v Financials 20 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2014
P&L REPORT END Q2 2014 Figures in USD 000 Q2 2014 Q2 2013 Cum Q2 Figures in USD 000 2014 2013 Revenue 14 493 7 495 Revenue 27 100 29 245 Total operating revenues 14 493 7 495 Total operating revenues 27 100 29 245 Net income from…
BALANCE SHEET Q2 2014 Figures in USD 000 30.06.2014 31.12.2013 Figures in USD 000 30.06.2014 31.12.2013 Assets Equity and liabilities Intangible assets 20 228 20 724 Total equity 146 399 108 315 Tangible assets 254 603 139 021…
LARGE TAX DEDUCTIBLE LOSSES Norway OTS has a confirmed tax loss to carry forward of USD 169 M (NOK 1 billion) The CSVs comply with the Norwegian Tonnage Tax regime with approximately 0% tax CSV 101, Southern Ocean and LV 105 are…
v Market Outlook 24 OCEANTEAM SHIPPING ASA Q2 PRESENTATION 2014
Detailed segmentation of the H&D fleet No. of vessels Year Type Length 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Lay Barges…
Demand for H&D support vessels expected to grow 9% p.a up to 2018 Global H&D support vessel forecast 250 120% Idle Other 200 Opex 100% Utilisation (300/365 days basis) Vessel years (300 days basis) Capex Utilisation 150…
EUROPEAN OFFSHORE WIND MARKET OUTLOOK Overall renewable market is expected to grow. This leads to increased demand for support vessels and associated services Trend: (German) market shows installation gap between 2018-2022 Trend:…
CAPACITY OVERVIEW STRONG GROWTH EXPECTED TO CONTINUE FOR HIGHER CERTAINTY MARKETS 35 Low Medium High United Kingdom 8.18 9.80 14.77 30 Germany 6.09 6.44 6.78 France 0.98 1.99 2.00 25 Belgium 1.68 1.91 2.28 Total Installed…
ARRAY CABLE INCREASING NUMBER OF OPPORTUNITIES IN CABLING MARKET 12000 11000 10000 Cumulative Array Cable to 2020 (km) 9000 8000 7000 6000 5000 3x 4000 3000 2000 1000 0 2009 2010 2011 2012 2013 2014 2015 2016…
GOING FORWARD - Checklist for November 2014: Enhancement and pricing of equity instrument Continued focus on high quality assets and balance sheet New investments in high quality assets Risk reduction through partnerships and JVs…
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 32 OCEANTEAM SHIPPING ASA Q2 PRESENTATION…
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