Second Quarter 2015 highlights Quarterly dividend increased to USD 0.1525 per share Increase of 0.5 cents versus Q115 USD 0.61 per share annualized, representing a dividend yield of 7.9% p.a. The dividend will be paid on or about…
Recent transactions Acquisition of 8 newbuilding chemical tankers Total gross price of USD 306.8m 15-year bareboat charters to Navig8 Chemical Tankers Inc. USD 212m bank facility to finance the transaction Took delivery of the first…
Attractive and diversified portfolio of industrial shipping and oil service assets Newbuildings Chemical Carriers Diving Support & Construction Vessel 4x 37,000 dwt IMO2 (2x Newbuilds) SBM Installer Newbuildings Subsea…
EBITDA* backlog of USD 2.6bn with average tenor of 10.1 years VESSEL TYPE BUILT COUNTERPARTY 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Navig8 - STX 1724, MR Chem 2016 Navig8 Chemical T.…
Charter backlog EBITDA backlog of USD 2.6bn split per project SBM Wayfarer 7% 16% Navig8 17% Dhirubhai-1 15% Hartmann / SABIC 12% Farstad Connector 6% 11% Hegh 16% *EBITDA backlog based on managements estimates on…
Cash interest payment in AMSC bond to increase upon closing of USD 500m refinancing AMSC has secured commitments for a USD 500m bank refinancing USD 350m club deal with four banks USD 150m with CIT Maritime Financing Average…
Steady production on the FPSO Dhirubhai-1 Steady production with 99.2% utilization in Q2 2015 Expect continued high utilization during 2H 2015 Kakinada Next periodical maintenance scheduled for May 2016 likely shutdown of 3 days…
Successful delivery of first two Navig8 Chemical Tankers Acquisition of 8 newbuilding chemical tankers for USD 307m Seller credit of USD 31m Long-term bank financing of USD 212m successfully closed Cash of USD 64m Navig8 Chemical…
Steady EBITDA with built-in growth from delivery of newbuildings EBITDA1 per quarter (USDm) 56.0 48.8 50.6 55.6 52.7 53.2 55.4 54.2 53.9 55.2 38.1 39.4 Committed projects will add about 40% to Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1…
Declared growth in cash dividends for the 7th consecutive quarter Dividend yield Adjusted earnings per share (USD)** 0.19 0.16 0.19 0.20 0.20 0.20 0.20 0.20 7.9%* p.a. Pay-out ratio on Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4…
P&L Income statement Comments 1st Quarter 2nd Quarter Jan - Dec Amounts in USD million Note 2015 2015 2014 Operating revenues 57.7 58.1 244.4 Finance lease revenue Finance lease revenue 4.9 5.1 4.9 Navig8 Chemical Tankers Total…
Net profit after tax adjusted for non-recurring items Adjustments Comments 1st Quarter 2nd Quarter Amounts in USD million 2015 2015 Profit after tax 28.1 25.8 - Loss from sale of vessels and equipment - 0.1 Related to Dhirubhai-1…
Balance sheet Balance sheet 31 March 30 June 31 March 30 June Amounts in USD million 2015 2015 2015 2015 ASSETS EQUITY AND LIABILITIES Vessels and equipment 1 271.8 1 269.1 Total equity att. to equity holders of the parent 712.6 719.7…
Contractual obligations and financing Contractual obligations Other Oil Gas Car Other Amounts in USD million FPSO Total Service Carriers Carriers Shipping Already paid - 18.1 40.5 24.9 77.3 160.8 2015 (Q3-Q4) - 15.1 32.4 12.7 95.4…
Accounting recognition of Navig8 Chemical Tankers finance lease Cash received vs. income recognition (USDm)* 30,1 30,8 31,2 31,2 25,5 21,8 21,8 21,5 21,2 19,1 7,5 5,7 8,4 9,0 9,7 10,0 6,4 1,8 H2 2015 2016 2017 2018 2019…
Summary and outlook The EBITDA contract backlog of USD 2.6bn has an average weighted tenor of 10.1 years and is becoming more diversified Committed new investments not yet delivered should give strong increase in quarterly EBITDA by…
Intentionally left blank July 15 Second Quarter 2015 18
Intentionally left blank July 15 Second Quarter 2015 19
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