Ship Finance International Limited 2Q 2014 Results August 28, 2014 1
2Q 2014 highlights Quarterly dividend of 0.41 per share Dividend yield of approximately 8.4%(3) Net income of 22.4 million ( 0.24/share) for the quarter Aggregate charter revenue of 157 million (1.68/share)(1) EBITDA(2) of 129…
Recent events Delivery of nine secondhand container vessels and charters to MSC 7 x 4,100 TEU (2002-built) and 2 x 5,800 TEU (2001/2002-built) 3 vessels delivered to us in March and remaining 6 delivered in April and May 2014…
4.7 billion charter backlog(1) Charterers by Mkt. Cap Revenues per segment mill. 5bn < 5bn 39% 47% 600 400 200 0 (2) Private 2014 2015 2016 2017 14% Offshore Tanker Drybulk Liner 1) Fixed charter backlog as of June…
Frontline vessels Vessels and cash flow 15 VLCCs and 5 Suezmaxes 22 million base EBITDA contribution in 2Q 2014 Cash Sweep: Up to 11.7m per quarter in 2014 Financing relating to FRO vessels 1,400m 1,200m 1,000m 800m 600m…
Contributions from projects last 12 months(1) Large performing fleet with significant cash flow 494m EBITDA-equivalent last twelve months 179m net cash flow from projects after interest and debt amortization(3) mill. 800 15…
SFL operational performance Pro-forma illustration of cash flow (1) Not as accounted for under US GAAP Used as an internal guideline to assess the Company's performance Excluding extraordinary and non-cash items and profit share…
Profit & loss INCOME STATEMENT Three months ended Full year (in thousands of Jun 30, Mar 31, 2013 except per share data) 2014 2014 (audited) Charter revenues - operating lease 47 562 47 110 156 238 Charter revenues - finance lease 34…
Balance sheet BALANCE SHEET Jun 30, Mar 31, (in thousands of ) 2014 2014 ASSETS Short term Cash and cash equivalents 49 480 36 982 Available for sale securities 61 889 60 658 Amount due from related parties 30 204 21 090 Other current…
Liquidity and financing Strong liquidity position 178 million in total available liquidity at quarter end 49 million cash and cash equivalents 129 million freely available under revolving credit lines 62 million in available for…
Capex overview(1) 4 x 8,700 TEU container vessels under construction in Korea Expected delivery between 3Q 2014 1Q 2015 Bank financing arranged at attractive terms Financing amount higher than remaining capex 2 x Kamsarmax…
Summary Reported net income of 22.4 million in the first quarter Including 2.1 million cash sweep and profit share Including negative 5.9 million of mark to market of derivatives EBITDA(1) equivalent cash flow of 129 million from…
Loading...
