Ocean Yield The dividend yield company A modern and diversified fleet of oil-service and shipping assets Ocean Yield in brief All vessels on long-term charter, substantial charter-backlog Target growth of minimum USD 350 million in…
Attractive and diversified portfolio of oil service and industrial shipping assets Initial asset base and USD 1.1 billion in recent acquisitions FPSO Subsea vessel Lewek Connector Dhirubhai 1 Subsea construction 2 x AHTSs…
All vessels on long term charter with USD 2.0 billion in contracted EBITDA* Unit no Counterparty 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Dhirubhai-1 1 Reliance Wayfarer 1 Aker Solutions Lewek…
Strong sector diversification Contracted EBITDA per segment Seismic AHTS 0.4% 11.9% Subsea vessels 27.7% Gas carriers 15.5% 21.6% 22.9% Car carriers FPSO * Per end Q2 2014. EBITDA as reported, incl. mob. fees. Figures…
Liquified Ethylene Gas Carriers 3 newbuildings Vessel: 3 Liquified Ethylene Gas (LEG) Carriers Yard cost: USD 243 million (total for the three newbuildings) Yard / Delivery: Sinopacific Offshore & Engineering, China, with delivery in H2…
Significant EBITDA growth from newbuildings EBITDA per quarter (USDm) 48.8 50.6 55.6 52.7 53.2 55.4 Already committed 38.8 38.1 39.4 projects will add USD 15m to Q2 EBITDA Q212 Q312 Q412 Q113 Q213 Q313 Q413 Q114 Q214…
Adjusted Net Profit / Dividend per share Dividend yield Adj. Net profit per share, annualized basis (USD)** 0.74 0.64 0.76 0.78 7.7%* p.a Pay-out ratio on Q3 2013 Q4 2013 Q1 2014 Q2 2014 adjusted Q2 EPS Dividend per share,…
New investments Invested USD 1.1bn in 12 vessels since the company was established 1st April 2012 (2.5 years) Our target is minimum USD 350m in new investments per year Modern assets within oil-service and industrial shipping…
Attractive credit markets will reduce funding costs Lower margins on bank loans Opportunity to reduce interest cost by refinancing existing bank loans Recently arranged a USD 250m bank facility at LIBOR +2.25% p.a. Bank margins on…
Investment highlights Increased earnings per share Delivery of newbuildings New investments without raising new equity Reduced funding cost Growing dividends per share Higher pay-out ratio Increased earnings September 14…
Q&A September 14 Pareto Conference 2014 13
P&L Income statement Comments Operating Expenses: Lower 2nd Quarter 2nd Quarter First Half First Half than budgeted in Q2 related Amounts in USD million 2014 2013 2014 2013 to the FPSO Dhirubhai-1 Operating revenues 62.1 60.0…
Net profit after tax adjusted for non-recurring items Adjustments Comments 1st Quarter 2nd Quarter Amounts in USD million 2014 2014 Profit after tax 28.6 17.1 - One-off adjustment to Financial Income (11.5) - - One-off adjustment…
Balance sheet Balance sheet 30 June 30 June 30 June 30 June Amounts in USD million 2014 2013 Amounts in USD million 2014 2013 Total equity 707.1 522.0 ASSETS Vessels and equipment 1 366.4 1 307.3 Interest-bearing debt 811.5 838.7…
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