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Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa

Eidesvik Offshore Asa · Nov 13, 2012 · 16 slides

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Slides

  1. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 1
    Presentation 3rd Quarter 2012 Oslo 13.11.2012 CEO Jan Fredrik Meling
  2. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 2
    News in 3rd Quarter Viking Princess delivered and commenced on contract
  3. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 3
    News in 3rd Quarter 5-year contract extension for Subsea Viking to Subsea 7
  4. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 4
    News in 3rd Quarter Statoil exercised an option for a 1-year extension of contract for Viking Queen
  5. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 5
    3rd Quarter 2012 results Revenues MNOK 220,9 (255,7) EBITDA: MNOK 123,2 (117,8) Pre-tax profit: MNOK 99,3 (-95,1) (3rd Quarter 2011 in brackets)
  6. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 6
    Results 3rd Quarter 2012 (in million NOK, Gain on sale excluded) The results in 3rd quarter are influenced of: Operating revenues -Viking Prince and Viking Princess delivered and 300 operated on contract 250 200 -Viking Nereus…
  7. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 7
    Normalized profit 3rd Quarter 2012 (in million NOK) Pre-tax profit adjusted for gain on sale, agio, change in marketvalue on financial instruments and profit from joint venture 30 25 20 15 10 5 0 Q3 2010 Q3 2011 Q3…
  8. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 8
    Cash flow (in million NOK) 3rd Quarter 3rd Quarter 2012 2011 2011 Net cashflow from operating activities 119,6 175,2 499,5 Net cashflow from investment activities (425,0) (99,7) (295,5) Net cashflow from finance activities…
  9. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 9
    Balance (in million NOK) 6 000 Current assets Short-term liabilities 5 000 Current assets Short-term liabilities 4 000 3 000 Long-term liabilities Long-term liabilities Fixed assets Fixed assets 2 000 1 000 Equity Equity…
  10. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 10
    Segments Incl. Share of Joint Ventures Excluded gain on sale (MNOK) 3rd Quarter Seismic Subsea Supply Other 2012 Driftsinntekter 65,6 84,5 86,3 6,9 Revenues Q3 2012 EBITDA 63,4 56,4 30,7 -5,2 EBIT 29,0 34,3 4,9 -5,4 EBITDA margin 97%…
  11. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 11
    Contract backlog 30.09.2012
  12. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 12
    Contract status seismic Viking Vanquish Viking Vision Veritas Viking Viking 2 Veritas Vantage Geo Searcher Oceanic Vega Oceanic Sirius 2012 2013 2014 2015 2016
  13. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 13
    Contract status subsea Subsea Viking Acergy Viking Viking Poseidon Viking Forcados European Supporter Ulstein no 295 Kleven no 345 2012 2013 2014 2015 2016
  14. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 14
    Contract status supply Viking Queen Viking Lady SPOT Viking Athene SPOT Viking Energy Viking Avant Viking Nereus SPOT Viking Prince Viking Princess 2012 2013 2014 2015 2016
  15. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 15
    Market In the long term view we see strong underlying oil and gas fundamentals, and the forecasts for exploration- and production spending continue to increase for 2013. The Seismic and Subsea markets look strong going…
  16. Q3 2012 EARNINGS CALL – Eidesvik Offshore Asa – slide 16
    Thanks for Your attention

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