Highlights & Recent Events For the second quarter of 2015, KNOT Offshore Partners L.P. (the Partnership): Generated revenues of 36.9 million, operating income of 11.1 million and net income of 6.9 million (1) Generated Adjusted…
Income Statement Three months Three months Three months Ended Ended Ended (USD in thousands) June 30, March 31, June 30, 2015 2015 2014 (unaudited) (unaudited) (unaudited) Time charter and bareboat revenues 36,981 36,071 22,116 Other…
Balance sheet - Assets At June 30, At December 31, (USD in thousands) 2015 2014 (unaudited) (Audited) ASSETS Current assets: Cash and cash equivalents 71,403 30,746 Other current assets 6,774 5,003 Total current assets 78,177 35,749…
Balance Sheet Liabilities and Partners Equity At June 30, At December 31, (USD in thousands) 2015 2014 (unaudited) (Audited) LIABILITIES AND PARTNERS EQUITY Current liabilities: Current installments of long-term debt 42,718 38,718…
Distributable cashflow Three months Three months Three months (USD in thousands) Ended June 30, Ended March 31, Ended June 30, 2015 2015 2014 (unaudited) (unaudited) (unaudited) Net income 6,887 7,186 2,497 Add: Depreciation…
Adjusted EBITDA Three months Three months Three months (USD in thousands) Ended June 30, Ended March 31, Ended June 30, 2015 2015 2014 (unaudited) (unaudited) (unaudited) Net income 6,887 7,186 2,497 Interest income (2) (1) (3)…
Stable financial performance Revenues Adjusted EBITDA* 37.0 36.2 0.510 0.510 34.3 34.7 0.490 0.490 0.435 0.435 0.435 0.435 0.314 28.3 28.8 DCF / average units Distribution pr unit MQD 1.6 26.5 1.56 Cover ratio** 22.2…
Dan Sabia Acquisition Dan Sabia Contract detail Charterer: Transpetro Contract type: Bareboat Contract end date: January 2023 Trading area: Brazil Dan Sabia Purchase price USD 103 million Type: Panamax DWT: 59 000 Financing…
Significant fleet growth since IPO KNOP FLEET DEVELOPMENT 9 SABIA SABIA 8 CISNE CISNE 7 TORILL TORILL 6 HILDA HILDA 5 CARMEN CARMEN 4 RECIFE RECIFE 3 FORTALEZA FORTALEZA 2 BODIL BODIL 1 WINDSOR WINDSOR IPO Q2-13 Q3-13 Q4-13…
Long-term Contracts Backed by Leading Energy Companies Name Area 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (1) Windsor Knutsen Brazil Bodil Knutsen(1) N. Sea Fortaleza Knutsen Brazil Recife Knutsen Brazil Carmen Knutsen…
Dropdown inventory: Six potential acquisitions Name Area 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Ingrid Knutsen N. Sea Raquel Knutsen Brazil H2816 Brazil H2817 Brazil H686 Brazil H2818…
Significant demand for new shuttle tanker Fearnleys sees a significant demand for new shuttle tankers going forward Expects tenders appr 40 vessels to 2020 Including attrition demand which represent mort than half of the demand…
Traditional MLP model: Knutsen NYK is strong growth generator Overview of Nippon Overview of TSSI Yusen Kaisha (NYK) Individual One of the largest private Public Owners Owners Publicly listed company on shipping companies in…
Knutsen NYK: Industry leader A highly Experienced Operator Knusten NYK is one of two dominating Operators in the Shuttle Tankers Sector Market leading shuttle tanker operator with experience 28 years of experience in offshore…
KNOP has very good access to bank financing Supportive bank group Geographically diversified bank group KNOP has eight supportive banks that are financing the 3% partnership through three different lending facilities 9% 22% USD…
Investment highlights Modern ( average age 3.8 years1) fleet, equipped with latest technology Long term contract (remaining duration 5.2 years1) with oil majors 1 Pure-play shuttle tanker Operational and technical expertise Solid…
Summary Solid contract base Revenue backlog of 672.3 million and 1 average contract duration of 5.2 years(1) Modern shuttle tanker fleet, average age 3.8 year vs. industry 2 average of 9.7 year(2) 13 Excellent operating…
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Appendix
Non-GAAP Financial Measures Adjusted EBITDA Adjusted EBITDA refers to earnings before interest, other financial items, taxes, non-controlling interest, depreciation and amortization. Adjusted EBITDA is a non-GAAP financial measure…
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