Skip to main content Q3 2010 INVESTOR PRESENTATION – Bergen Group | Shale Experts
Loading...
Pm

Q3 2010 INVESTOR PRESENTATION – Bergen Group

Bergen Group · Nov 12, 2010 · 37 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. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 1
    BERGEN GROUP Presentation of Q3 2010 Oslo, November 12th 2010 at hrs 14.00 CET CEO Pl Engebretsen CFO Terje Iversen
  2. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 2
    AGENDA Highlights in Q3 10 Operational review Financial review Strategy and Outlook 3
  3. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 3
    CHANGING IN OWNERSHIP INDUSTRIAL POTENTIAL Spring Capital Resources as new major share holder with 33,1 % ownership Constructive process with Spring Capital Resources and CIMIC Raffles about mapping the possibilities. Focus…
  4. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 4
    INTERNATIONAL OWNERSHIP INDUSTRIAL POTENTIAL China COSCO Merchant Other Pacific Group Spring CIMC Other Capital 18 % 50,1% 32.9% CIMC Offshore 33,1 % Other Holding Bergen Group ASA Yantai CIMC Raffles…
  5. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 5
    HIGHLIGHTS IN Q3 2010 Operating revenues as in Q2 reduced margins Operating revenues of NOK 767 mill EBITDA of NOK 8 mill Order backlog of NOK 4.2 billion 30.09 Increased tender activity expected to materialize in new contracts…
  6. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 6
    AGENDA Highlights in Q3 10 Operational review Financial review Strategy and Outlook 7
  7. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 7
    BERGEN GROUP SHIPBUILDING 8
  8. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 8
    CONTINUED GOOD MARGINS IN SHIPBUILDING EBITDA-margin of 7,2 % in Q3 Accumulated EBITA of 11,6 % as of Sept 30th 2010. Fjord Line contract on track Steel cutting started October 26th First hull to be delivered Fosen in Q3 2011…
  9. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 9
    ORDER BACKLOG SHIPBUILDING PER 30.09.10 2009 2010 2011 2012 2009 2010 2011 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 BN 123: Geo-Technical Multipurpose Vessel / Fugro BN…
  10. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 10
    15 STATE OF THE ART SHIP DELIVERED 2007-2010 11
  11. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 11
    OUTLOOK SHIPBUILDING Strengthened PSV- market in 2010 Present ATHS and OCV weak, but marked expected to regain the next years: SOURCE: ODS Petrodata demand for more advanced vessels to handle the increase in complex…
  12. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 12
    BERGEN GROUP OFFSHORE Hanytangen Nov 9th 2010 13
  13. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 13
    OFFSHORE STRONG GROWTH POTENTIAL God project-margins, but low capacity utilization Negative EBITDA-margin of 8% in Q3 Order intake of NOK 175 mill in Q3 Extended work for both SBM/YME and Deepsea Atlantic Engineering capacity…
  14. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 14
    ORDER BACKLOG OFFSHORE PER 30.09.2010 2009 2010 2011 2012 2013 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Snorre Vigdis redevelopment / Statoil Yme early works + completion / SBM Offshore Contracted services for M5 work…
  15. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 15
    BERGEN GROUP STRATEGIC LOCATIONS 16
  16. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 16
    MARKET OUTLOOK OFFSHORE Ongoing bidding processes expected to materialize in new order intake this and next quarter. General signals of market improvement within the divisions core operating areas: An expected increase in…
  17. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 17
    BERGEN GROUP MARITIME SERVICE 18
  18. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 18
    MARITIME SERVICE A FOCUS AREA Margins influenced by a continued challenging market situation and low capacity utilization Improvements in the order situation will generate increased activity most of 1st half 2011 Structural…
  19. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 19
    BERGEN GROUP TECHNOLOGY 20
  20. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 20
    TECHNOLOGY FOCUSING CONSEPT DEVELOPMENT Concentrated workload in finishing major projects influents the margin Continued strong focus on product and concept development Bergen Group Dreggen well established in Brazil Bergen…
  21. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 21
    QUARTERLY ORDER BACKLOG DEVELOPEMENT SHIPBUILDING 6000 OFFSHORE NOK mill. 5 TECHNOLOGY MARITIME SERVICE 5000 4,7 4,2 4,2 4000 3,4 3000 2000 1000 0 Per 30.09.2009 Per 31.12.2009 Per 31.03.2010 Per 30.06.2010 Per…
  22. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 22
    AGENDA Highlights in Q4 09 Operational review Financial review Strategy and Outlook 23
  23. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 23
    INCOME STATEMENT Q3 2010 CONDENSED CONSOLIDATED INTERIM INCOME STATEMENT (UNAUDITED) 24
  24. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 24
    EBITDA MARGIN - QUARTERLY DEVELOPMENT 15,5 % 10,5 % 5,5 % 0,5 % Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 SHIPBUILDING OFFSHORE -4,5 % MARITIME SERVICES TECHNOLOGY BG GROUP -9,5 % Overall Q3-margin influenced…
  25. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 25
    BALANCE SHEET ASSETS EQUITY & LIABILITIES NOK million NOK million 5000 5000 Other current 4500 4500 assets 849 Construction 4000 4000 1426 loans Receivables 3500 3500 380 Current 3000 771 3000 392 1664 734 liabilities Cash &…
  26. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 26
    EQUITY RATIO STRENGHTENED 60,0 % 50,0 % 40,0 % 30,0 % 20,0 % 10,0 % 0,0 % Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Equity ratio of 45 % per 30.09.10 not including the convertible loan 27
  27. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 27
    NET INTEREST BEARING DEBT - REDUCTION 800 000 700 000 600 000 500 000 400 000 300 000 200 000 100 000 NOK MILL - Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Net interest bearing debt pr 30.09.2010…
  28. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 28
    SHIPBUILDING RESOURCES & FINANCIALS SHIPBUILDING Q3 09 to Q3 10 NOK mill. Gross operating revenues EBITDA - % 900 16,0 % 800 772 752 14,0 % 700 12,0 % 581 600 10,0 % TRONDHEIM: BG SHIPDESIGN 500 438 440 8,0 % 400 6,0 % RISSA:…
  29. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 29
    OFFSHORE RESOURCES & FINANCIALS KIRKENES: BG Kimek OFFSHORE Q3 09 to Q3 10 NOK HAMMERFEST: BG Kimek mill. NOK mill. Gross operating revenues EBITDA - % 450 419 15,0 % 400 350 337 10,0 % MURMANSK: BG Kimek 300 5,0 % 250 178 190…
  30. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 30
    TECHNOLOGY RESOURCES & FINANCIALS TECHNOLOGY Q3 09 to Q3 10 NOK mill. NOK mill. Gross operating revenues EBITDA - % 200 12,0 % 176 180 167 10,0 % 156 160 143 8,0 % 140 132 6,0 % 120 100 4,0 % 80 2,0 % 60 0,0 % 40 -2,0…
  31. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 31
    MARITIME SERVICE RESOURCES & FINANCIALS KIRKENES: BG Kimek MARITIME SERVICE Q3 09 to Q3 10 NOK mill. NOK mill. Gross operating revenues EBITDA - % 100 16,0 % 92 90 86 14,0 % 81 82 80 12,0 % 70 63 10,0 % 60 8,0 % 50 6,0…
  32. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 32
    AGENDA Highlights in Q3 10 Operational review Financial review Strategy and Outlook 33
  33. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 33
    INDUSTRIAL MARKET OUTLOOK POSITIVE TREND Increasing production output in ships and oil platforms by 3.6 per cent in Q3 and compared with the second quarter. Production in the industry went down by 12 per cent from March 2009 to March…
  34. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 34
    35
  35. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 35
    ORDER INTAKE NORWEGIAN SHIPYARDS 2010 Source: Mreforskning 36
  36. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 36
    OUTLOOK BERGEN GROUP Improved market outlook Order backlog about to improve Focus on strengthening the profitability International co-operation with exiting potential 37
  37. Q3 2010 INVESTOR PRESENTATION – Bergen Group – slide 37
    BERGEN GROUP QUALITY THROUGH SERVICE AND INNOVATION THANK YOU FOR YOUR ATTENTION www.bergengroup.no 38

From the store

Browse maps, data & reports in the Shale Experts store