2012 3RD QUARTER ACCOUNTS – Havila Shipping

Havila Shipping · Jan 11, 2012 · 25 slides

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Slides

2012 3rd Quarter accounts CEO Njl Svik 01.11.2012 CFO Arne Johan Dale 1
News Strongly improved results for Havila Shipping Results improved NOK 90 million Income improved by NOK 134 million Fleet value NOK 7,72 billion 5 options declared 2
Facts and Figures Q3 / Highlights 2012 Freight income MNOK 347 Other income/gains/losses net MNOK 13 EBITDA *) MNOK 146 EBITDA margin 40,6% * ) Note 15 Key figures 2011 Operating income (ex gains) MNOK 367 Other…
Facts and Figures YTD / Highlights 2012 Freight income MNOK 1,022 Other income/gains/losses net MNOK 50 EBITDA *) MNOK 407 EBITDA margin 40,0% * ) Note 15 Key figures 2011 Operating income (ex gains) MNOK 914 Other…
Main figures NOK mill Q3 2012 Q2 2012 Q1 2012 Q4 2011 Q3 2011 Income and gains 360,7 353,7 357,5 380,4 383,7 EBITDA 148,8 41,2% 144,7 40,9 % 117,0 32,7 % 172,3 45,3 % 189,6 49,4 % Pre tax result 21,2 5,9% -10,9 -3,1 % -3,5 -1,0 % -8,8…
Most modern fleet Value adjusted fleet age: 4 years, 6 months Fleet value: BNOK 7.7 Not including Havila Mars, Havila Mercury & Havila Troll 8% 8% Book value: BNOK 6.8 Excess value: BNOK 0.9 Contract value on new-builds: BNOK 0.3 84…
Contractual coverage Fleet utilization (time charter fleet) Q2 11: 95% 100% 3% 3% 90% 1% 1% Q3 11: 97% 0% 80% Q4 11: 92% 70% 2% 60% Q1 12: 94% 50% 88% 87% 86% 86% 16% 83% Q2 12: 93%…
Contract backlog MNOK 1 000 50 900 800 700 600 164 500 267 865 400 226 300 525 525 463 270 401 200 311 185 100 75 - Q4 12 2012 2013 2014 2015…
- 100 150 200 250 300 350 400 450 500 50 Q3 12 361 Q2 12 354 Q1 12 357 Q4 11 380 Quarterly income Q3 11 381 Q2 11 298 Income Q1 11 258 51 Q4 10 255 Q3 10 298 From 16 to 28 ships. One more and…
50 0 100 150 200 250 Q3 12 112,8 41,1 37,5 20,4 Q2 12 122,3 41,1 36,8 17,9 Q1 12 113,4 46 36,9 20,5 Q4 11 120,1 40,3 36,9 23,8 Q3 11 111,3 36,2 42,5 19,8 Crew Keeping costs under control Q2 11 102,9…
Key figures Q3 12 Q2 12 Q1 12 Q4 11 Q3 11 Number of shares (1000) Antall aksjer (1000) 21 410 21 410 21 410 21 410 21 410 Average number of shares Gj.sn. Antall aksjer 21 410 21 410 21 410 21 410 20 225 Earnings per shares…
Interest bearing debt NOK millions NOK mill Q3 12 Q2 12 Q1 12 Q4 11 Q3 11 Long term debt Langsiktig gjeld 4 957 5 065 5 181 5 309 5 281 Next years instalments Neste rs avdrag 728 502 448 399 581 Total Total 5 684 5 567 5 629 5 707 5…
Operating profit from segments 100 93 90 2011 80 AHTS 11 % 72 68 68 PSV 66 64 70 28 % 31 % RRV 60 SubSea 49 49 48 29 % 48 46 46 50 1% Asia 40 33 2012 25 30 22 16 16 15 11 % 6…
0% 100% 10% 20% 30% 40% 50% 60% 70% 80% 90% 96% July 79% 94% August 81% 87% September 82% 85% October 82% 82% November 82% 66% December 82% Month 66% January 66% POCH fleet utilization…
POSH fleet Contractual coverage 100% 90% 5% 4% 80% 13% 70% 60% 11% 99% 50% 82% 81% 80% 40% 1% 62% 30% 47% 20% 29% 10% 2015 2% 0 0% Q1 12 Q2 12 Q3 12 Q4 12…
- 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000 Q3 12 6 867 224 897 Assets Q2 12 6 874 212 814 Q1 12 6 899 216 812 Vessels Q4 11 6 942 219 793 Strenghten liquidity in Q3 2012 Q3 11 6 984 166 1…
100 % 10 % 20 % 30 % 40 % 50 % 60 % 70 % 80 % 90 % 0% Q3 12 6 867 897 Q2 12 6 874 814 Q1 12 6 899 812 Vessels Q4 11 6 942 793 Q3 11 6 984 1 022 Assets percent of total New builds Q2 11 5 511 13…
- 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000 Q3 12 1 824 5 162 996 Q2 12 1 782 5 286 832 Q1 12 1 809 5 327 791 Equity Q4 11 1 809 5 514 630 Equity and liability Q3 11 1 832 5 485 855 Long…
100 % 10 % 20 % 30 % 40 % 50 % 60 % 70 % 80 % 90 % 0% Q3 12 1 824 5 162 996 Q2 12 1 782 5 286 832 Q1 12 1 809 5 327 791 Equity Equity increased during Q3 Q4 11 1 809 5 514 630 Percentages of…
Vessels in spot market AHTS Havila Venus Havila Jupiter Havila Neptune PSV Havila Crusader Volatile, but we think AHTS spot market will come 20
Market comments Oil price on high level Increased drilling activity New rigs entering the market New oil discoveries will increase installations and production activity Few high-end vessels ordered the last months 21
Market comments Subsea High demand Balanced order book AHTS Volatile Spot market Brazil Few newbuilds PSV Demand still in place Orderbook 22
This is Havila Shipping ASA Head-office in Fosnavg, Norway Partnership with PACC Offshore in Singapore Partnership with Subsea 7 A fleet of 29 vessels included one vessel under construction for delivery in December 2012 2 vessels…
Shareholders/Aksjonrer Shareholder/Aksjonr Address/Adresse Shares/Aksjer Interest/Shares HAVILA&AS& FOSNAVG& &&&&&&&&&&&&10&960&430 51,2&% ODIN&OFFSHORE& OSLO& &&&&&&&&&&&&&&1&470&000 6,9&% TORGHATTEN&ASA& BRNNYSUND&…
Summary New contracts awarded Options declared New bond loan Open positions within Subsea High contractual coverage for 2013 www.havilashipping.no 25

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