Skip to main content Q1 2015 RESULTS – Ocean Yield Investor Presentation | Shale Experts
Loading...
Pm

Q1 2015 RESULTS – Ocean Yield

Ocean Yield · May 5, 2015 · 16 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 – Ocean Yield – slide 1
    Presentation Q1 2015 5th May 2015
  2. Q1 2015 RESULTS – Ocean Yield – slide 2
    First Quarter 2015 highlights Quarterly dividend increased to USD 0.1475 per share Increase of 0.5 cents versus Q414 USD 0.59 per share annualized, representing a dividend yield of 7.8% p.a. EBITDA was USD 55.2m, compared with USD…
  3. Q1 2015 RESULTS – Ocean Yield – slide 3
    Recent transactions Acquisition of 8 newbuilding chemical tankers Total gross price of USD 306.8m 15-year bareboat charters to Navig8 Chemical Tankers Inc. USD 212m bank facility to finance the transaction New revolving USD 220m…
  4. Q1 2015 RESULTS – Ocean Yield – slide 4
    Attractive and diversified portfolio of industrial shipping and oil service assets Newbuildings Chemical Carriers Diving Support & Construction Vessel 4x 37,000 dwt IMO2 Newbuilds SBM Installer Newbuildings Subsea Equipment 4x…
  5. Q1 2015 RESULTS – Ocean Yield – slide 5
    EBITDA* backlog of USD 2.7bn with average tenor of 10.2 years VESSEL TYPE BUILT COUNTERPARTY 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Navig8 - STX 1724, MR Chem 2016 Navig8 Chemicals…
  6. Q1 2015 RESULTS – Ocean Yield – slide 6
    Acquisition of 8x chemical tankers with 15y bareboat charters to Navig8 Chemical Tankers Inc. 4 x 37,000 dwt 4 x 49,000 dwt NAVIG8 CHEMICAL TANKERS Vessel type Chemical tanker, IMOII Chemical tanker, IMOII Established in 2013 by…
  7. Q1 2015 RESULTS – Ocean Yield – slide 7
    New USD 220 million revolving credit facility secured by Aker Wayfarer New Aker Wayfarer revolving credit facility Facility Size: USD 220m Maturity: 2021 Balloon: USD 120m Amortization: USD 4.55m per quarter Margin: LIBOR + 200 bps…
  8. Q1 2015 RESULTS – Ocean Yield – slide 8
    Successful placement of new NOK 1,000 million unsecured bond (OCY03) Bond terms OCY02 OCY03 Outstanding amount NOK 1,000 million NOK 1,000 million Coupon NIBOR + 3.90% p.a. NIBOR + 4.00% p.a. Maturity March 2019 April 2020 Tap…
  9. Q1 2015 RESULTS – Ocean Yield – slide 9
    Steady EBITDA with built-in growth from delivery of newbuildings EBITDA1 per quarter (USDm) 48.8 50.6 55.6 52.7 53.2 55.4 54.2 53.9 55.2 38.1 39.4 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Committed 2012 2013 2014 2015 projects will…
  10. Q1 2015 RESULTS – Ocean Yield – slide 10
    Adjusted Net Profit and Dividend per share Dividend yield Adjusted net profit per share, annualized basis (USD)** 0.74 0.64 0.76 0.78 0.78 0.81 0.80 7.8%* p.a. Pay-out ratio on Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1…
  11. Q1 2015 RESULTS – Ocean Yield – slide 11
    P&L Income statement Comments 4th Quarter 1st Quarter 1st Quarter Jan - Dec Amounts in USD million Note 2014 2015 2014 2014 Revenues: Operating revenues 5 62.1 62.6 59.7 249.3 Vessel operating expenses 6 (3.9) (4.1) (3.5) (14.6)…
  12. Q1 2015 RESULTS – Ocean Yield – slide 12
    Net profit after tax adjusted for non-recurring items Adjustments Comments 4th Quarter 1st Quarter Amounts in USD million 2014 2015 Profit after tax 30.5 28.1 - Loss from sale of vessel 3.8 - Sale of Geco Triton - One-off…
  13. Q1 2015 RESULTS – Ocean Yield – slide 13
    Balance sheet Balance sheet 31 March 31 December 31 March 31 December Amounts in USD million 2015 2014 2015 2014 ASSETS EQUITY AND LIABILITIES Vessels and equipment 1 271.8 1 308.0 Equity att. to equity holders of the parent 712.6…
  14. Q1 2015 RESULTS – Ocean Yield – slide 14
    Contractual obligations and financing Contractual obligations, including financing committed post Q1 Other Oil Gas Car Other Amounts in USD million FPSO Total Service Carriers Carriers Shipping Already paid - 14.3 24.3 24.9 - 63.5…
  15. Q1 2015 RESULTS – Ocean Yield – slide 15
    Summary and outlook Committed USD 880m in new investments over the past 12 months, which should increase the current EBITDA by 40% once delivered The EBITDA contract backlog has an average weighted tenor of 10.2 years and is becoming…
  16. Q1 2015 RESULTS – Ocean Yield – slide 16
    May 15 16

From the store

Browse maps, data & reports in the Shale Experts store