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Q2 2015 Report – Maersk Drilling

Maersk Drilling · Aug 13, 2015 · 16 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2015 Report – Maersk Drilling – slide 1
    Maersk Group Q2 report 2015 13 August 2015 - Conference call 9.30am CET webcast available at www.maersk.com
  2. Q2 2015 Report – Maersk Drilling – slide 2
    page 3 Strategy update - Group Execution Value creation with ROIC of 12% in H1 The Group portfolio is now optimised with the divestment of Danske Bank (18.4% stake) and Esvagt We shared the value creation with the distribution…
  3. Q2 2015 Report – Maersk Drilling – slide 3
    page 4 Strategy update Business Units Improved competitiveness through cost leadership and commercial excellence initiatives. Maintaining EBIT-margin gap of 5%-points to the Maersk Line industry Growth ambition adjusted to growing…
  4. Q2 2015 Report – Maersk Drilling – slide 4
    page 5 Financial Highlights Q2 2015 Group Financial Highlights The Group delivered a profit in Q2 of USD USDm Q2 2014 Q2 2015 1.1bn (USD 2.3bn) negatively impacted by the lower oil price and container freight rates 6,000 4,852…
  5. Q2 2015 Report – Maersk Drilling – slide 5
    page 6 Maersk Line results Q2 Q2 FY (USD million) 2015 2014 Change 2014 Highlights Q2 2015 Revenue 6,263 6,902 -9.2% 27,351 Maersk Line reported an underlying profit of USD 499m (USD 543m) and a ROIC of 10.1% (10.8%) EBITDA…
  6. Q2 2015 Report – Maersk Drilling – slide 6
    page 7 Delivering further cost reductions Unit cost including VSA income Highlights Q2 2015 USD/FFE 3,200 Total cost declined by 9.9% (USD 613m)** 3,092 3,097 3,012 3,010 against a volume increase of 3.7% 3,000 2,871 2,800…
  7. Q2 2015 Report – Maersk Drilling – slide 7
    page 8 Resilient business model Our business model assumes deflationary rate development and thus our focus is on cost leadership Maersk Line has reported EBIT-margin gap to peers of at least 5%-points since Q4 2012. Estimated…
  8. Q2 2015 Report – Maersk Drilling – slide 8
    page 9 Maersk Oil results Q2 Q2 FY (USD million) 2015 2014 Change 2014 Highlights Q2 2015 Revenue 1,583 2,272 -30% 8,737 Maersk Oils underlying profit decreased by 31% to USD 217m (USD 315m) driven by the lower oil price…
  9. Q2 2015 Report – Maersk Drilling – slide 9
    page 10 APM Terminals results Q2 Q2 FY (USD million) 2015 2014 Change 2014 Highlights Q2 2015 Revenue 1,033 1,130 -8.6% 4,455 APM Terminals delivered an underlying profit of USD EBITDA 206 260 -21% 1,010 159m (USD 211m) and a…
  10. Q2 2015 Report – Maersk Drilling – slide 10
    page 11 Maersk Drilling results Q2 Q2 FY (USD million) 2015 2014 Change 2014 Highlights Q2 2015 Revenue 624 465 34% 2,102 Maersk Drilling increased the underlying profit by 62% to USD 189m (USD 117m) positively impacted EBITDA…
  11. Q2 2015 Report – Maersk Drilling – slide 11
    page 12 APM Shipping Services results Q2 Q2 FY (USD million) 2015 2014 Change 2014 Highlights Q2 2015 Revenue 1,234 1,456 -15% 5,926 APM Shipping Services made an underlying profit of EBITDA 214 129 66% 641 USD 109m (USD 27m)…
  12. Q2 2015 Report – Maersk Drilling – slide 12
    page 13 Delivering ROIC above 10% in challenging environment Invested Development in invested capital -5Y ROIC % ROIC % ROIC % Business capital Q2 2015 Q2 2014 FY 2014 (USDm) Maersk Drilling 120% Group 47,303 10.2% 18.6%*…
  13. Q2 2015 Report – Maersk Drilling – slide 13
    page 14 A strong financial framework Well capitalised position Active portfolio management Net debt has increased USD 1.1bn since Q4 2014 and has Cash flow from divestments has been USD 16.6bn with divestment decreased USD 5.7bn…
  14. Q2 2015 Report – Maersk Drilling – slide 14
    page 15 Consolidated financial information Q2 Q2 H1 H1 Income statement (USD million) Change Change FY 2014 2015 2014 2015 2014 Revenue 10,526 11,949 -12% 21,073 23,685 -11% 47,569 EBITDA 2,631 3,085 -15% 5,201 6,102 -15% 11,919…
  15. Q2 2015 Report – Maersk Drilling – slide 15
    page 16 Guidance for 2015 Changes in guidance are versus guidance given at Q1 2015. Maersk Drilling now expects a significantly higher All figures in parenthesis refer to full year 2014. underlying result than in 2014 (USD 471m),…
  16. Q2 2015 Report – Maersk Drilling – slide 16
    Q&A - To ask a question please press 01

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