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Q1 2015 Investor Presentation – Havyard Group

Havyard Group · May 22, 2015 · 15 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. Q1 2015 Investor Presentation – Havyard Group – slide 1
    Presentation Q1 2015 22.05.15 Geir Johan Bakke CEO
  2. Q1 2015 Investor Presentation – Havyard Group – slide 2
    Agenda Headlines/ milestones Q1 Outlook Main figures Detailed figures HES/ QA Questions
  3. Q1 2015 Investor Presentation – Havyard Group – slide 3
    Headlines/Milestones Q1 EBIT of NOK 6 million and EBIT-margin of 1.1 % in first quarter of 2015 The EBIT-margin in Q1 are negatively influenced by lower capacity utilization Good control of projects Loss provisions made in fourth…
  4. Q1 2015 Investor Presentation – Havyard Group – slide 4
    Outlook Offshore market in general effected by declining investments Decisions are postponed and few new projects in the market Use the opportunity for increasing cost-efficiency and continuing the long term diversification strategy…
  5. Q1 2015 Investor Presentation – Havyard Group – slide 5
    Main Figures Group Key Figures Q1 15 Q1 14 2014 Operating revenue 563 430 2 411 EBITDA 12 33 66 EBIT 6 28 45 EBIT-margin 1.1 % 6.5 % 1.9 % Profit before tax 28 28 39 Earnings per share 1,17 0.88 1,24 NIBD 117 74 167 Working Capital 192…
  6. Q1 2015 Investor Presentation – Havyard Group – slide 6
    Main Figures (cont.) Order backlog of approx. MNOK 2.415 MNOK 1.215 in 2015 MNOK 1.200 in 2016 Gives visibility in production at the shipyard in Leirvik
  7. Q1 2015 Investor Presentation – Havyard Group – slide 7
    Detailed Figures - Ship Technology Delivered in 2015 832 SOV windmill service, NB 118 832 SOV windmill service, NB 119 Outfitting in Leirvik at 31.03.15 535 Fishing vessel, NB 121 Loss provisions made in fourth quarter of 2014 are…
  8. Q1 2015 Investor Presentation – Havyard Group – slide 8
    Detailed Figures (cont.) - Design & Solutions Lower capacity utilization reduces margins in the first quarter of 2015 compared with first quarter of 2014 Order backlog of MNOK 140 External: MNOK 115 Internal: MNOK 25
  9. Q1 2015 Investor Presentation – Havyard Group – slide 9
    Detailed Figures (cont.) - Power & Systems Restructuring Havyard Production & Service incorporated in Ship Technology Norwegian Electric Systems incorporated in Power & Systems from February 2015 Lower capacity utilization and…
  10. Q1 2015 Investor Presentation – Havyard Group – slide 10
    Detailed Figures (cont.) - MMC Lower capacity utilization and continued work on projects where loss provisions were made in 2014 reduces margins in the first quarter of 2015 compared with the first quarter of 2014 Order backlog of…
  11. Q1 2015 Investor Presentation – Havyard Group – slide 11
    BALANCE SHEET (NOK 1000) 2015 Q1 2014 ASSETS (unaudited) Purchase of Norwegian Electric Systems Non current assets Goodwill 60 094 23 918 Increases goodwill MNOK 36 Licenses, patents and R&D 65 950 59 912 Property, plant and…
  12. Q1 2015 Investor Presentation – Havyard Group – slide 12
    CASH FLOW (NOK 1000) 2015 Q1 2014 Q1 2014 (Unaudited) CASH FLOW FROM OPERATIONS Profit/(loss) before tax 27 806 28 077 39 100 Low EBIT gives low cash flow from Taxes paid Depreciation -1 807 6 277 -22 824 5 112 -57 903 21 064…
  13. Q1 2015 Investor Presentation – Havyard Group – slide 13
    HES/ QA Sick leave gradually reduced during 2013 and stable around 3.5 % in 2014 An extensive plan is implemented to reduce injuries and absence, and it includes subcontractors First quarter of 2015 the sick leave is 4.4 % The…
  14. Q1 2015 Investor Presentation – Havyard Group – slide 14
    HES/ QA H-value Number of work related injuries with absence pr. million working hours
  15. Q1 2015 Investor Presentation – Havyard Group – slide 15
    HES/ QA - Quality Strong focus on Quality in the Group Quality deviations are measured, documented in action lists and handled effectively Internal audits in accordance with ISO 9001 and ISO 14001 Supplier audits Audits from…

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