Agenda 1. Q2 Highlights 2. Q2 Financial Highlights 3. Business Update 4. Summary and Outlook 3
Q2 2015: Highlights & Subsequent Events Main material commercial terms agreed with Perenco for employment of GoFLNG Hilli in Cameroon. Construction of Hilli on track and within budget. Binding Heads of Terms signed with Ophir to…
Financial Highlights Unaudited Audited (USD million) Q2 Q1 Q4 12 m to 12 m to 2015 2015 2014 Dec-14 Dec-13 Total operating revenues 20.1 32.2 35.3 106.2 99.8 Voyage expenses Grand charter and fair value guarantee (a) (6.7) (12.7) -…
Dividend contribution by Partners 45.0C 45.0C 45.0C Since IPO, Golar Partners quarterly 45.0C 45.0C 45.0C 45.0C dividends have 42.5C grown by 50%. 42.5C 40.0C Golars total 35.0C dividend income 32.5C from Partners has 30.0C…
Balance Sheet 2015 2015 2014 2014 2014 (USD thousands) Jun 30 Mar 31 Dec 31 Sep 30 Jun 30 (unaudited) (unaudited) (audited) (unaudited) (unaudited) Short term assets Cash and cash equivalents 374,828 376,085 191,410 390,004 484,683…
Cash Flow 2015 2015 2014 2014 2014 Apr - Jun Jan - Mar Oct - Dec Jul - Sep Jan Dec (unaudited) (unaudited) (unaudited) (unaudited) (audited) (USD thousands) Net cash (used in)/provided by operating activities (20,649) (55,531)…
Continuing to build a strong liquidity position Good liquidity position notwithstanding current weak operating results: 375 million cash on hand (409.9 million including restricted cash). 100 million receivable from FSRU Eskimo sale.…
Golars Portfolio Ship Owned Built m3 Containment Charterer 2015 2016 2017 2018 2019 2020 2021 2022 GOLAR LNG PARTNERS Methane Princess 100% 2003 138,000 Mem brane BG Group B G GROUP (LNGC) Golar Winter 100% 2004 138,000 Mem brane…
LNG Carriers 2Q LNGC utilisation at 33%. Rates for TFDE vessels were in low 30kpd range; Steam vessels in low 20kpd range. Spot cargoes traded in 8-months to date have however exceed total cargoes traded for all of 2014. The…
FSRUs Golar Group has eight floating regasification vessels 6 operating and 2 on order: Most recent newbuild ordered on July 17. Sister FSRU to Tundra: 170,000cbm storage; continuous regas capacity of 500mmscfd (750 mmscfd peak).…
GoFLNG Hilli Conversion Progress Hilli FLNG project progress remains on schedule and budget. Detailed design and procurement now well advanced, including 3D model review. Sponson construction, assembly, blasting and painting work…
GoFLNG Project Progress Cameroon summary: 8 year project life at production of 1.2 mtpa. Tolling agreement defining material terms now subject only to sign off with SNH. Midstream gas convention subject only to government sign…
GoFLNG Business Development Focussed on maturing projects with the potential to commence operations in 2018. Short-list of 4 potential projects under active discussion. Each project is geographically separate. Each project…
Summary and Outlook Current spot market should start to improve with new liquefaction capacity now coming on stream. The Cool Pool introduces a new dynamic to the LNGC short term market which should benefit both the pool participants…
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