An Oslo Stock Exchange listed shipping company Ticker: OTS CEO: Haico Halbesma CFO: Torbjrn Skulstad Q4 2014 Presentation Oslo 19 February 2015 1 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2014
AGENDA Company Overview Financials Market Outlook & Focus Going Forward 3 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2014
BUSINESS AREAS North Ocean Fleet Solutions Provider to Offshore Oil & Gas and Renewables Market Providing high-end subsea Providing vertically integrated Offshore Installation Providing full design and vessels to subsea…
OUR MISSION Solutions Provider to Oil & Gas and Offshore Renewables Our Mission Providing vertically integrated Offshore Installation Providing full design and solutions for Mexican offshore Equipment engineering Providing solution…
INCREASED SOLUTIONS SEGMENT Shipping segment Solutions segment Two CSVs and one LV through Focus on Oil & Gas and Offshore joint ventures: Renewable markets SHIPPING SOLUTIONS KCI The Engineers CSV Bourbon Oceanteam 101 Marine…
SHIPPING Highlights CSV BO 101, Southern Ocean, North Ocean 102 and North Ocean 105 utilized as planned Sale of 50% ownership stake in PLV North Ocean 102 to J. Ray McDermott DOT Shipping took delivery of two new build FSVs. Both…
SOLUTIONS Engineering & Marine Assets Highlights RentOcean Marine Assets KCI Engineering Awarded contract to supply a lay KCI worked on multi discipline spread for a cable laying project in service contracts: Mexico Awarded…
v FINANCIALS 10 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2014
DEBT - Maturity Profile EBITDA to date Quarter - USD 8.6 million - 54% of revenue Year - USD 30.3 million - 44.5% of revenue USD MILLION Cash position USD 44.6 million (101,105 and DOT Shipping cash level is not on the IFRS line)…
SHARE PRICE DEVELOPMENT Share development: A positive increase 2012 / 2015 FMV developments Stable value of modern fleet, high-end deep water assets. Booked equity 44% USD 135 million (after 10% share buy back) Market…
HISTORICAL EBITDA DEVELOPMENT KEY FINANCIAL FIGURES (USD MILLION) EBITDA performance: 2014 EBITDA is the best performance ever 13 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2014
P&L REPORT END Q4 2014 Figures in USD 000 Q4 2014 Q4 2013 Figures in USD 000 Cum Q4 2014 Cum Q4 2013 Revenue 13 785 7 071 Revenue 56 267 29 245 Gain on disposal of asset Gain on disposal of asset 966 Total operating revenues 13 785…
BALANCE SHEET Q4 2014 Figures in USD 000 31.12.2014 31.12.2013 Figures in USD 000 31.12.2014 31.12.2013 Assets Equity and liabilities Intangible assets 20 744 20 724 Total equity 135 782 107 068 Tangible assets 226 716 236 229…
v MARKET OUTLOOK & FOCUS GOING FORWARD 16 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2014
Subsea & Support fleet utilisation expected to decline up to 2016 but long term demand growing H&D Pipelay & Subsea Support Vessel Fleet Type 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Lay Barge 9 9 9 10 11 13 15 17 20 22…
Mexican growth E&P spending and replacement of tonnage will drive demand for new generation OSVs 18 OCEANTEAM SHIPPING ASA Q4 PRESENTATION 2014
SOLUTIONS Deck spread projects TYPICAL DEDICATED CABLE LAY VESSEL (HIGH DAYRATE) Spread Solution provided: 2x 4000T demountable turntables and a loading tower, with engineering services and operators on the CLV Hanjin…
SOLUTIONS Scope of work TRANSPORT CABLE HANDLING STORAGE DECK SPREAD CABLE TESTING ENGINEERING Solutions facilitates the submarine cable and umbilical HUMAN RESOURCES industry a full and integrated service comprising…
Supply Vessel fleet growing faster than demand with highest growth expected for high capacity vessels Global supply vessel demand expected to increase 4% p.a. in Highest demand growth expected for high capacity vessels period…
Strong growth in Offshore Renewable market with focus on cutting installation and maintenance costs DEVELOPERS FORECAST REDUCED CAPEX AND REQUIRE INNOVATIONS 5.0 4.5 4.0 Project CAPEX (m/MW) 3.5 3.0 2.5…
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 2017 2018…
FOCUS GOING FORWARD Optimize capital structure further to maximize value and facilitate growth Continue transition to increase solution services earnings by increasing added value by effectively combining engineering, marine assets…
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 25 OCEANTEAM SHIPPING ASA Q4 PRESENTATION…
Loading...
