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Q1 2011 EARNINGS CALL – Deep Sea Supply Plc

Deep Sea Supply Plc · May 12, 2011 · 16 slides

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Slides

  1. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 1
    1Q11 Deep Sea Supply Plc Presentation 12 May 2011
  2. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 2
    A SOFT 1Q, BUT IMPROVEMENTS AHEAD HIGHLIGHTS: Financials: Ship management and operating expenses: Sale / delivery of vessels: Deep Sea Supply (DESS) generates first quarter 2011 Technical management is established in Singapore In 1st…
  3. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 3
    SHARE PRICE DEVELOPMENT AND SHARE TURNOVER Chart Combined Share price and total return since listing 1Q 2011 average monthly volume and turnover velocity 1Q 2011 average monthly volume and turnover velocity 40 10,0% 160 Close…
  4. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 4
    AREA OF CURRENT OPERATION Office PSV AHTS 4
  5. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 5
    INCOME STATEMENT 1Q11 (Unaudited figures in USD 1,000) 1Q 2011 1Q 2010 Operating revenue 23 960 26 066 Vessel operating expenses (19 833) (17 028) Operating lease (1 684) 0 Other Gains 68 0 Gain on sale 2 733 1 457 Other operating…
  6. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 6
    CASH FLOW STATEMENT 1Q11 (Unaudited figures in USD 1,000) 1Q 2011 1Q 2010 Cash flows from operating activities Cash generated from operations (6 555) 2 166 Net cash generated from operating activities (6 555) 2 166 Cash flows from…
  7. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 7
    BALANCE SHEET (Unaudited figures in USD 1,000) 31.03.11 31.12.10 31.03.11 31.12.10 Non-current assets Liabilities Vessels cost 557 209 603 322 Borrowings 430 278 467 819 Construction contract 17 676 24 736 CIRR loan 45 888 43 647…
  8. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 8
    SHAREHOLDERS 1Q11 The largest shareholders as per 3 May 2011 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 HANDELSBANKEN SWE 3…
  9. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 9
    FLEET LIST & CHARTER STATUS AS PER 3 MAY 2011 Vessel Type BHP/DWT Year built 2011 2012 2013 2014 AHTS Vessels 1Q 2Q 3Q 4Q Sea Lion AHTS Havyard 842 17520 BHP 2008 Mediterranean North Sea Sea Tiger AHTS KMAR 404 15000 BHP 1998 Maersk oil…
  10. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 10
    DETAILS CHARTER STATUS PER VESSEL NORTH SEA ASIA SEA LION SEA CHEETAH SEA WEASEL Operating in the On charter to Gazfloat Sold to Malaysian North Sea spot market for operation in Joint Venture and is as from 04/2011. Sakhalin from 7…
  11. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 11
    DETAILS CHARTER STATUS PER VESSEL BRAZIL WEST AFRICA SEA TIGER SEA PIKE SEA ANGLER On charter to Statoil On charter to Petrobras. On charter to ENI Brazil until 6/2011 with Charter started 12/2010 Congo. Charter option for extension…
  12. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 12
    VESSEL OPERATING EXPENSES 1Q11 Figures in USD mill. Increase from 1Q 10 to 1Q 11: 2.810 Variances: New Vessels - 1.376 Sold Vessels 1.027 Vessels operated in both periods - 2.462 Vessels operated in both periods: Increase is…
  13. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 13
    NEWBUILDING DELIVERY Vessel No Vessel Yard Type BHP/DWT Expected Delivery AHTS Vessels 273 Sea Badger ABG AHTS Seatech P-729 6800 BHP Jun 2011 274 Sea Vixen ABG AHTS Seatech P-729 6800 BHP Aug 2011 275 Sea Stoat ABG AHTS Seatech…
  14. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 14
    AGE DISTRIBUTION CURRENT FLEET AND ORDER BOOK AHTS PSV Vessels 20 years: 32.4% of total fleet Vessels 20 years: 21.9% of total fleet Vessels 30 years: 12.8% of total fleet Vessels 30 years: 9.3% of total fleet 300 250 200…
  15. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 15
    THE RIG AND SUPPLY MARKET Supply vessels Total fleet AHTS PSV Existing fleet 2331 1363 968 Orderbook 398 17% 218 16% 180 19% Average age 12,6 13,3 11,7 Rig market Total fleet Semis/drillships Jackups Existing fleet 743 266 474…
  16. Q1 2011 EARNINGS CALL – Deep Sea Supply Plc – slide 16
    presis 360 COMPANY ADDRESSES Cyprus Deep Sea Supply Plc John Kennedy Ave., Iris House, 7th Floor, Office no.740B Limassol 3100 Cyprus Deep Sea Supply Management (Cyprus) Ltd P.O.Box 53340 CY-3302 Limassol Cyprus Norway Deep Sea…

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