INTERIM REPORT Q3 2013 November 14th, 2013 CEO Asle Solheim / CFO Stle Rene 1
AGENDA Highlights in Q3 13 CEO Asle Solheim Financial and operational review Bergen Group going forward 3
HIGHLIGHTS IN Q3 2013 (I) OPERATING REVENUES Operating revenues ex shipbuilding: NOK 326 million Operating revenues from shipbuilding: NOK 721 million Total operating revenues in Q3 2013: NOK 1 037 million EBITDA Bergen Group ex…
HIGHLIGHTS IN Q3 2013 (II) OFFSHORE WITH PROFITABLE ACTIVITY: NOK 242 million in revenue for the offshore division in Q3 EBITDA of NOK 10 million and an EBITDA-margin of 4.2 % in Q3 Solid Year-To-Date activity in the division;…
REVENUES - QUARTERLY DEVELOPMENT 6
BERGEN GROUP CONTINUED OPERATIONS 7
AGENDA Highlights in Q3 13 Financial and Operational review CFO Stle Rene Bergen Group going forward 8
INCOME STATEMENT Q3 2013 Condensed consolidated interim statement of income Figures in TNOK Q3 2013 Q3 2012 30.09.2013 Operating revenues (ex. Shipbuilding) 326 830 218 184 1 027 369 Operating revenues from Shipbuilding 710 469 190 502…
OFFSHORE FINANCIALS OFFSHORE Q4 2011 to Q3 2013 NOK mill. BERGEN GROUP HANYTANGEN Order backlog 30.09.2013: NOK 6 mill. BERGEN GROUP KIMEK OFFSHORE 10
SERVICES FINANCIALS SERVICES Q4 2011 to Q3 2013 BERGEN GROUP SKARVELAND BERGEN GROUP KIMEK BERGEN GROUP SERVICES Order backlog 30.09.13: NOK 126 million BERGEN GROUP AMIA 11
SHIPBUILDING FINANCIALS SHIPBUILDING Q4 2011 to Q3 2013 BERGEN GROUP FOSEN Order backlog 30.09.13: NOK 2,6 billion BERGEN GROUP BMV 12
QUARTERLY DEVELOPMENT - EBITDA 13
CASH FLOW Condensed consolidated interim statement of cash flow Figures in TNOK Q3 2013 Q3 2012 30.09.2013 30.09.2012 Operating result (56 442) (204 536) (9 477) (297 414) Depreciation and impairment 61 092 23 706 255 568 69 020 Changes…
BALANCE AND LIQUIDITY Balance sheet: By end of 2012: NOK 3 435 million By end of Q3: NOK 2 193 million Reduction mainly caused by sale of BG Rosenberg in Q1 Net interest Bearing Debt By end of Q3 for continued business: positive NOK…
AGENDA Highlights in Q3 13 Financial and Operational review Bergen Group going forward CEO Asle Solheim 16
NORYARDS AS ESTABLISHED 17
NORYARDS GROUP NORYARDS BMV NORYARDS ZALIV* NORYARDS FOSEN NORYARDS DESIGN & ENGINEERING *Zaliv in strategic cooperation with NorYards AS 18
NORYARDS AS ORGANIZATION Asle Solheim* CEO Yuriy Dovgiy Deputy CEO Anders Straumsheim* Management Marketing & Sales NorYards NorYards NorYards NorYards Zaliv** Fosen BMV Design & Engineering Yard manager Yard manager Yard…
NORYARDS GOING FORWARD Order Order value value ROV LD ROV LD WI/ WI/OC OC DSV Large DSV Large AHTS RoP AHTS RoPax SUR ax SUR VEY Small VEY Small AHTS AHT PSV PSV S SB Small SB Small ferries ferries Complexity…
SHIPBUILDING PROJECT STATUS Ongoing outfitting projects at Fosen and BMV: BN88: Cruise ferry 2 for Fjord Line. Progress in line with production schedule. Delivery estimated to January 2014. BN83: AHTS for NFDS Offshore 1 AS.…
BN 169 PICTURES FROM NOVEMBER 11th 2013 22
HANYTANGEN CONSOLIDATION ON TRACK 23
CONSOLIDATION AT HANYTANGEN New on site structure at Hanytangen as from January 1st 2014 process on track MANAGING DIRECTOR ACCOUNTING/ HR / OTHER QHSE SALE/MARKET CONTROLLER Subsea & Technical / Yard- and Operational New…
FOCUS ON BUSINESS DEVELOPMENT Dedicated focus on developing additional business activity at Hanytangen New offshore-related activity expected to materialize in Q1 2014 Strategic cooperation to strengthen our business case are beeing…
GROUP MANAGEMENT COST REDUCTIONS Reduction in the Group Management and Management Staff; down from 12 to 5 positions with effect as from January 1st 2014. CEO CFO Marketing/communication Legal position Group Controller Head office…
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 28
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