This is Havila Shipping ASA 9 Head-office in Fosnavg, Norway. 9 Partnership with PACC Offshore in Singapore 9 A fleet of 29 vessels included a new-building program of 1 modern vessels within 2012 . 92 vessels owned by Havila Ariel…
Stock exchange release ... NEW CONTRACTS VALUE NOK 250 MILLION Havila Shipping ASA Charter contracts Havila Shipping has entered into an agreement with FugroTSM in Australia for a two year extension of the contract for the subsea…
2011 Highlights of the year First half of the year Second half of the year January July/August Havila Clipper delivered Ordered a Havyard 833 PSV 1Y contract with Statoil from March Shall from delivery operate on a 5Y (+ 3Y opt)…
Maturity After having refinanced the oldest PSV fleet in Q4 11: No balloons on vessel financing in 2012 and 2013 Havi 03: NOK 500 mill is falling due 19th July 2013 Refinancing of the bond loan can be an activity in 2012
Safety & Quality focused 9 a modern fleet 9 a preferred partner 9 extending international activity 9 maintaining a balanced mix 9long term contracts 9spot market focusing on safe operations 9 focusing on human resources Havila…
th 4 QUARTER ACCOUNTS PRELIMINARY ACCOUNTS 2011 North Sea in storm
Highlights 4th quarter 2011 Operating income NOK 370 mill EBITDA NOK 172 mill EBITDA margin 45,0% Extension of balloon repayment from 2012 and 2013 until Q414 Increased the borrowing by NOK 150m for PSV fleet loan Repayment of NOK…
Business combination (PSV) Effect on Group result NOK 1000 Effect on balance sheet 21.07.-31.12 Vessels 1 511 307 Deferred tax 285 Total income 51 534 Bunkers and other stocks 327 Profit after tax 23 569 Trade receivables 22 897…
Fourth quarter 370 EBITDA and EBIT excl profit from sale of vessels 252 172 172 Havila Fan 36 36 Operating income better than in 2010 because of new vessel and INCOME PROFIT EBITDA Operating Pretax -9 profit EXCL PROFIT…
Main figures NOK mill Q4 2011 Q3 2011 Q2 2011 Q1 2011 Q4 2010 Income and gains 380,4 383,7 298,5 309,6 255,0 EBITDA 172,3 45,3% 189,6 49,4% 88,0 29% 97,5 31% 34,4 13% Pre tax result - 8,8 -2,3% - 4,1 -1,1% -52,7 -17,6% -25,5 -2,8%…
Quarterly income Vessels Newbuilds 2008 500 Q1 Sale of Fame, Mars and Mercury Leaseback Mars & Mercury Q3 11: 11 11 450 3 new vessels (PSV-transaction) Q2 12 11 Q3 13 11 400 Q4 14 10 350 2009 Q1 16 7 300 Q2 16 7 Q3 17 6 250 Q4…
Quarterly operating expenses 250,0 Q310: (with full effect from Q4) Havila Commander on bareboat from July Havila Fan delivered late August NOK mill 17,4 Havila Faith and Havila Princess in Brazil 23,8 24,3 23,0…
Modern fleet Value adjusted fleet- age Fleet values NOK 7.7 billion Not including Mars, Mercury, Troll, 1996-2000 Market values at year end 11 % 2001-2007 Since June: 5 new vessels 9% Havila Aurora, Havila Borg & Havila Havila…
POSH vessel operations 10,800 BHP AHTS 125 tons BP DP2 Operating 29th July 2008 POSH Viking 8th October 2008 POSH Vibrant 3rd April 2009 POSH Venture POSH Vantage 6th July 2009 POSH Virtue 9th September 2010 Posh Value…
50 % 55 % 60 % 65 % 70 % 75 % 80 % 85 % 90 % 95 % 100 % Oct 88 % 82 % Nov 77 % 82 % Des 63 % 81 % Jan 63 % 63 % Month Feb 79 % 70 % Mar 82 % 74 % April 68 % 73 % May 81 % 74 % Year to date June 88…
New building PSV Havila Charisma (to be in a related company) To be delivered in Q4.12 Contract with Statoil for 5 years + 3x1year option
PSV fleet PSV Vessel Name Built Counterparty Fortress 1996 Two wells + One well opt Faith 1998 Petrobras Apr 2013 + opt Favour 1999 Petrobras 2014 + opt Princess 2005 Petrobras Apr 2013 + opt Foresight 2008 Statoil July…
AHTS fleet Vessel AHTS Name Built Counterparty Mars 2007 Statoil June 2012 + 1 yr opt Mercury 2007 Statoil Nov 2012 + 1 yr opt Venus 2009 Spot Neptune 2008 Total Nov 2011 Jupiter 2010 Spot
Rescue & Subsea fleet Rescue Vessel Name Built Counterparty Runde 1997 Statoil July 2012 + 1 years opt Troll 2003 Statoil Dec 2013 + 6 years opt Subsea Vessel Name Built Harmony 2003 TS Marine Apr 14 + 2 yr opt Phoenix…
Contract status
Contractual coverage
Shareholders 26.01.12 Shareholder/Aksjonr Address/Adresse Aksjer/Shares Andel/Interest HAVILA AS FOSNAVG 10 960 430 51,2 % ODIN OFFSHORE OSLO 1 470 000 6,9 % TORGHATTEN ASA BRNNYSUND 1 223 100 5,7 % PARETO AKSJE NORGE OSLO 1 172 260 5,5…
Market comments Forth quarter started excellent, Thereafter a weak period Better again at the end of the year First quarter has started diversified with lower rates out of Aberdeen than out of Norway Rate level equal to weak part…
Vessels in spot market Q1 12 AHTS Havila Venus Havila Jupiter Havila Neptune PSV Havila Fortress (partly) Havila Commander Havila Fortune until March
Summary New contracts Havila Harmony for two years until March 2014 Options until March 16 Clipper with Statoil until September, options to March 13 Crusader with BP until April + 8M options Fortune to E.ON for two wells + one well…
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