INTERIM REPORT Q1 2013 May 29th 2013 CEO Asle Solheim CFO Stle Rene 1
AGENDA Highlights in Q1 13 CEO Asle Solheim Financial and operational review Bergen Group going forward 2
HIGHLIGHTS IN Q1 2013 KEY FIGURES (all figures ex Rosenberg) NOK 498 million in operating revenues on group level Negative EBITDA of NOK 25 million Strong growth in the backlog: NOK 4.0 billion at end of Q1 (NOK 3.2 billion at end of…
CORPORATE STRUCTURE AS OF MAY 2013 BERGEN GROUP ASA BERGEN GROUP BUSINESS MANAGEMENT AS DEVELOPMENT BERGEN GROUP BERGEN GROUP BERGEN GROUP OFFSHORE SERVICES SHIPBUILDING BERGEN GROUP BERGEN GRUOP BERGEN GROUP BERGEN…
AGENDA Highlights in Q1 13 Financial and Operational review CFO Stle Rene Bergen Group going forward 5
REVENUES - QUARTERLY DEVELOPEMENT Rosenbergs part of the gross operating revenues Gross operating revenues ex Rosenberg 6
INCOME STATEMENT Q1 2013 CONDENSED CONSOLIDATED INTERIM INCOME STATEMENT (UNAUDITED) Figures in MNOK Q1 2013 Q1 2012 FY2012* FY2011* Operating revenues 498 575 3 470 3 735 Other operating costs (523) (620) 3 978 (3 531) Operating…
OFFSHORE FINANCIALS OFFSHORE * Q3 2011 to Q1 2013 NOK mill. BERGEN GROUP HANYTANGEN Order backlog* 31.03.2013: NOK 251 mill. (31.03.12: 135 mill) BERGEN GROUP KIMEK OFFSHORE *BG Rosenberg not included 8
BERGEN GROUP HANYTANGEN 2012-2014 As of May 1st 2013 2012 2013 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Safe Scandinavia 2 x yard stay (April and July) Transocean Leader MSV Regalia Departed April 20th 2013 Island…
SHIPBUILDING FINANCIALS SHIPBUILDING Q3 2011 to Q1 2013 BERGEN GROUP FOSEN Order backlog 31.03.12: NOK 3 664 million (31.03.12: NOK 2 710 million) BERGEN GROUP BMV 10
Stavangerfjord - a High Quality cruise vessel 11
SCHEDULED OUTFITTING ACTIVITY 2012-2015 12
SERVICES FINANCIALS SERVICES* Q3 2011 to Q1 2013 BERGEN GROUP VEST ELEKTRO BERGEN GROUP SKARVELAND BERGEN GROUP KIMEK BERGEN GROUP SERVICES Order backlog* 31.03.13: NOK 76 million (31.03.12: NOK 344 million) BERGEN GROUP…
NET INTEREST BEARING DEBT Bergen Group ASA is by end of Q1 in a net positive cash position The reduction in the groups net interest bearing debt is related to the sale of BG Rosenberg, completed in Q1 14
WRITE DOWN OF GOODWILL Shipbuilding: Write down of remaining goodwill (NOK 137 mill.) 15
AGENDA Highlights in Q1 13 Financial and Operational review Bergen Group going forward CEO Asle Solheim 16
ORDER BACKLOG QUARTERLY DEVELOPMENT Rosenbergs part of the order books Order books ex Rosenberg 17
HANYTANGEN PREPARED FOR GROWTH Unique deep water at-shore facility
DRY DOCK AT HANYTANGEN Unique dry dock facility: 123 x 123 meter (17 meters depth)
BERGEN GROUP OFFSHORE Strong potential for profitable growth High tender activity solid market for rig-activities in the coming years Bergen Group Hanytangen: Actions are in process of enhancing the development plans for Hanytangen…
BERGEN GROUP SHIPBUILDING Fosen, March 2013 23
BERGEN GROUP SHIPBUILDING Improved performance and capacity utilization NOK 600 million- contract awarded to Fosen in Q1; ATHS-vessel to be outfitted and commissioned. The hull already constructed will arrive Norway early June.…
De-risked outfitting process on NB 88 The hull arrived Fosen in later March; Significantly improved hull quality New delivery time to be discussed with Ford Line; constructive process Strong focus on lessons learned and maximum…
BERGEN GROUP SERVICES 26
BERGEN GROUP SERVICES Good profitability for the divisions maritime and industrial service in the Bergen area and in Kirkenes. Periods with insufficient capacity utilization in some of the companies Profit influenced by negative…
IR AND MEDIA CONTACTS CEO Asle Solheim tel. (+47) 993 28 465 asle.solheimbergengroup.no CFO Stle Rene (finance) tel. (+47) 982 06 188 stale.renebergengroup.no VP Communication yvind Risnes (media), tel. (+47) 480 48 561…
BERGEN GROUP QUALITY THROUGH SERVICE AND INNOVATION THANK YOU FOR YOUR ATTENTION www.bergengroup.no 29
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