PRESENTATION OF Q2 2014 August 21st 2014 CEO Asle Solheim CFO Henning Nordgulen 1
AGENDA Highlights in Q2 14 CEO Asle Solheim Financial and operational review Bergen Group going forward 3
HIGHLIGHTS IN Q2 2014 - GROUP LEVEL (I) Bergen Group exit shipbuilding 100 % of the shares in NorYards AS sold to Calexco S.a.r.l. Last vessel to be delivered in August. Another quarter with strong order intake within maritime…
HIGHLIGHTS IN Q2 2014 - GROUP LEVEL (II) Rig service Project-oriented partnership with Apply Rig & Modules and Semco Maritime established. Upgrade of the yard facilities at Hanytangen has continued in the quarter. Several tender…
KEY FIGURES Q2 AND FIRST HALF 2014 Bergen Group ASA Key figures in TNOK Q2 2014 Q2 2013 30.06.2014 30.06.2013 Gross operating revenues 438 592 819 090 1 023 443 1 317 503 EBITDA (29 691) (111 688) (26 348) (136 402) Depreciation and w…
AGENDA Highlights in Q2 14 Financial and operational review CFO Henning Nordgulen Bergen Group going forward 7
INCOME STATEMENT Q2 2014 Condensed consolidated interim statement of income Figures in TNOK Q2 2014 Q2 2013 30.06.2014 30.06.2013 Operating revenues 438 592 819 090 1 023 443 1 317 503 Cost of goods sold 276 954 685 147 621 984 984 366…
QUARTERLY DEVELOPMENT - REVENUES Comparative figures have been restated and do not include Rosenberg (sold in Q1 2013). 9
QUARTERLY DEVELOPMENT - REVENUES / EBITDA 10
QUARTERLY DEVELOPMENT - SEGMENTS Positive development of the EBITDA in the continued business areas Services and Offshore No rig projects in Q2 Q2 revenues in the Offshore segment generated from supplementary offshore- and service…
QUARTERLY DEVELOPMENT ORDER BACKLOG
CASH FLOW Condensed consolidated interim statement of cash flow Figures in TNOK Q2 2014 Q2 2013 30.06.2014 30.06.2013 Profit before tax (continued and discontinued operations) (36 745) (153 561) (46 586) 46 964 Depreciation and…
BALANCE AND LIQUIDITY Balance sheet: Total assets at 31 December 2013: NOK 2 342 million Total assets at 30 June 2014: NOK 1 839 million Equity as at June 30 2014: NOK 533 million (29 %) Net interest bearing debt: As at June 30 2014…
AGENDA Highlights in Q2 14 Financial and operational review Bergen Group going forward CEO Asle Solheim 15
BERGEN GROUP AND THE WAY FORWARD (I) Rig service Project-oriented partnership with national and international players well established and operating. Upgraded dry dock facility and prepared for projects. Develop the yard for…
BERGEN GROUP AND THE WAY FORWARD (II) Maritime Service Strong increase in order backlog. New frame agreement within new segment; service and maintenance on the Navys composite vessels. Subsea & Offshore Services Production of…
IR AND MEDIA CONTACTS CEO Asle Solheim tel. (+47) 993 28 465 asle.solheimbergengroup.no CFO Henning Nordgulen tel. (+47) 952 65 990 henning.nordgulenbergengroup.no SVP Communication yvind Risnes (media), tel. (+47) 480 48…
BERGEN GROUP QUALITY THROUGH SERVICE AND INNOVATION THANK YOU FOR YOUR ATTENTION www.bergengroup.no 19
Loading...
