Fourth Quarter and Fiscal Year 2013 Results February 19, 2014
Highligts & Recent Events For the fourth quarter of 2013, KNOT Offshore Partners L.P. (the Partnership): Generated net income of 7.9 million and operating income of 10.0 million Generated Adjusted EBITDA(1) of 16.8 million and…
Summary unaudited condensed consolidated and combined carve- out statement of operations Three Three Three months months months Year Year (USD in thousands) Ended Ended Ended Ended Ended December September December December…
Summary Unaudited Condensed Consolidated and combined carve-out Balance sheet At At At Total unrestricted cash of 28.8 million (USD in thousands) December September 31, 30, December 31, 2013 2013 2012 (unaudited) (unaudited)…
Distributable cashflow Three months Ended (USD in thousands) December 31, 2013 (unaudited) Net income 7,902 Add: Depreciation and amortization 6,785 Other non-cash items; deferred costs amortization debt 287 Less: Estimated…
Adjusted EBITDA Three months Ended (USD in thousands) December 31, 2013 (unaudited) Net income 7,902 Interest income (5) Interest expenses 2,832 Depreciation and amortization 6,785 Income tax (benefits) expense (111) EBITDA…
Knutsen NYK Offshore Tankers acquiring the Lauritzen shuttle tankers J. Lauritzen shuttle tankers Vessel Size (dwt) Built Employment Dan Cisne 59 335 dwt Cosco, China Sept. 2011 Bareboat Transpetro Q3 2023 Dan Sabia 59 317 dwt Cosco,…
Long-term Contracts Backed by Leading Energy Companies Capacity Name (DWT) Charterer Type 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Fortaleza Knutsen 106 316 Bareboat Average Remaining bareboat charter contract…
Dropdown Fleet Overview Capacity Charter (1) Name (DWT) Charterer Delivery Type Expiration Area 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Time Hull 2531 123 000 Q3 2013 aug.18…
Summary Q4 operation as forecasted Solid contract base Fixed revenue backlog average 6.3 years Partially secured interest rate risk on the floating debt by swapping USD 200m on average 4.3 years at 1.33%. Swapped another USD 50m in…
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Appendix 1: Overview of Sponsors and Partnership Structure Overview of Nippon Overview of TSSI Yusen Kaisha (NYK) Individual One of the largest private Public Owners Owners Publicly listed company on shipping companies in Norway…
Appendix 2: Shuttle Tankers: A Critical Component of Offshore Oil Infrastructure SHUTTLE TANKER OIL FIELD INSTALLATION OIL REFINERY / TERMINAL PIPELINE Advantages vs. Pipelines Key Differences vs. Conventional Tankers…
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