Skip to main content Q1 2015 RESULTS – Knot Offshore Partners Lp Investor Presentation | Shale Experts
Loading...
Pm

Q1 2015 RESULTS – Knot Offshore Partners Lp

Knot Offshore Partners Lp · May 8, 2015 · 12 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 1
    First Quarter 2015 Results May 8, 2015
  2. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 2
    Highligts & Recent Events For the first quarter of 2015, KNOT Offshore Partners L.P. (the Partnership): Generated revenues of 36.2 million, operating income of 17.0 million and net income of 7.2 million (1) Generated Adjusted EBITDA…
  3. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 3
    Income Statement Three months Three months Three months Ended Ended Ended Strong operational (USD in thousands) March 31, March 31, December 31, performance 2015 2014 2014 (unaudited) (unaudited) (unaudited) 99.8% utilization (1.0…
  4. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 4
    Balance sheet At March 31, At December 31, Total unrestricted cash of 32.8 million (USD in thousands) 2015 (unaudited) 2014 (Audited) Interest bearing debt at 604.6 million ASSETS Current assets: Cash and cash equivalents 32,746…
  5. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 5
    Distributable cashflow Three months Three months (USD in thousands) Ended March 31, Ended December 31, 2015 2014 (unaudited) (unaudited) Net income 7,186 5,908 Add: Depreciation 11,400 10,559 Other non-cash items; deferred costs…
  6. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 6
    Adjusted EBITDA Three months Three months (USD in thousands) Ended March 31, Ended December 31, 2015 2014 (unaudited) (unaudited) Net income 7,186 5,908 Interest income (1) (9) Interest expenses 4,186 4,688 Depreciation 11,400…
  7. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 7
    Long-term Contracts Backed by Leading Energy Companies Name Area 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (1) Windsor Knutsen Brazil Bodil Knutsen(1) N. Sea Fortaleza Knutsen Brazil Recife Knutsen Brazil…
  8. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 8
    Dropdown inventory: Six potential acquisitions Name Area 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Ingrid Knutsen N. Sea Raquel Knutsen Brazil Dan Sabia Brazil Hull2816 Brazil Hull…
  9. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 9
    Q1-15: Full effect of the Dan Cisne acquisition KNOT Offshore Partners LP Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Selected Quarterly Figures Revenues million 17,3 20,5 22,2 21,8 22,1 34,3 34,7 36,2 Operating income million 7,4…
  10. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 10
    Distribution for Q1-15 will be up 36%* from MQD Q1-15 distribution is up 4% over Q4-14 distribution Implied a coverage of 1.36x of distributable cashflow At the IPO in April 2013, the Partnership expected a distribution growth…
  11. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 11
    Since IPO in April 2013: Fleet from Four to Eight Vessels, Dropdown Potential from Five to Six KNOP FLEET DEVELOPMENT 8 CISNE CISNE 7 TORILL TORILL 6 HILDA HILDA 5 CARMEN CARMEN 4 RECIFE RECIFE 3 FORTALEZA FORTALEZA 2…
  12. Q1 2015 RESULTS – Knot Offshore Partners Lp – slide 12
    Thank you, any questions

From the store

Browse maps, data & reports in the Shale Experts store