An Oslo Stock Exchange listed shipping company Ticker: OTS CEO: Haico Halbesma CFO: Torbjrn Skulstad Q3 2014 Presentation Oslo 6 November 2014 1 OCEANTEAM SHIPPING ASA Q3 PRESENTATION 2014
AGENDA Company Overview Financials Market Outlook & Focus Going Forward 3 OCEANTEAM SHIPPING ASA Q3 PRESENTATION 2014
COMPANY OVERVIEW 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…
SELECTION OF KEY FINANCIALS Shipping segment Solutions segment Three 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 Oceaneering exercised both one year options on CSV Bourbon Oceanteam 101 extending charter to Feb 2017 CSV BO 101, North Ocean 102 and North Ocean 105 fully utilized CSV Southern Ocean is 100 per cent…
SOLUTIONS Engineering & Marine Assets Highlights RentOcean Marine Assets KCI Engineering Awarded long-term contract by Van KCI worked on multi discipline Oord for supply of 3000T onshore service contracts: turntable Onshore gas…
v FINANCIALS 9 OCEANTEAM SHIPPING ASA Q3 PRESENTATION 2014
DEBT - Maturity Profile EBITDA to date USD 8.1 million equal 44% of revenue USD MILLION Cash position USD 15.3 million (101, 102 & 105 cash level is not on the IFRS line) In process of refinancing Marine Assets to improve cash…
SHARE PRICE DEVELOPMENT Share development: A positive increase 2013 / 2014 FMV developments Stable value of modern fleet, high-end deep water assets Booked equity 49% USD 146 million (after 10% share buy back) Market…
P&L REPORT END Q3 2014 Figures in USD 000 Q3 2014 Q3 2013 Cum Q3 Cum Q3 Figures in USD 000 2014 2013 Revenue 15 386 7 034 Revenue 42 482 29 245 Total operating revenues 15 386 7 034 Total operating revenues 42 482 29 245 Net…
BALANCE SHEET Q3 2014 Figures in USD 000 30.09.2014 31.12.2013 Figures in USD 000 30.09.2014 31.12.2013 Assets Equity and liabilities Intangible assets 20 177 20 724 Total equity 168 625 108 315 Tangible assets 275 857 139 021…
v MARKET OUTLOOK & FOCUS GOING FORWARD 15 OCEANTEAM SHIPPING ASA Q3 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 17 OCEANTEAM SHIPPING ASA Q3 PRESENTATION 2014
OCEANTEAM SOLUTIONS Providing spread solutions based on generic vessel solutions: DEDICATED CABLE LAY VESSEL Including: Engineering Services & Know How Equipment Operators Transport & Storage Service Level Agreements Cost…
OCEANTEAM SOLUTIONS Track Record MOBILIZED DP2 PSV Spread Solution provided: 2000T demountable turntable, Spread Solution provided: 2x 4000T demountable turntables, a a loading tower with buildin 15T tensioner and operators loading…
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 to maximize value and facilitate growth Continue to grow fleet of high-end OSVs through joint ventures backed by strong contract coverage Focus on growing Mexican market through DOT…
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 24 OCEANTEAM SHIPPING ASA Q3 PRESENTATION…
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