Earnings Presentation Third Quarter 2015 29 October 2015
Highlights Third Quarter 2015 Third quarter 2015 operating revenue of USD 82.0 million and operating margin of USD 24.9 million (30%), compared to USD 153.4 million in operating revenue and USD 59.3 million (39%) in operating margin in…
Subsequent Events Agreed a 9-month contract with 2 x 6 month options for the AHTS vessel Siem Amethyst to Woodside Energy Ltd for operation in Australia. Agreed to extend the delivery of Siem Daya 1 until 16 November 2015 with 30…
Income Statement Third Quarter Twelve Months Third Quarter Nine Months Ended Ended 2015 2014 2015 2014 2014 (Amounts in USD million) Unaudited Unaudited Unaudited Unaudited Audited Operating revenue 82.0 153.4 332.4 376.2 491.3…
Adjusted Net Profit Twelve Months Third Quarter Nine Months Ended Ended 2015 2014 2015 2014 2014 (Amounts in USD million) Unaudited Unaudited Unaudited Unaudited Audited Net Profit (loss) ( 9.8) 25.3 (80.4) 55.2 70.7 Unrealized…
OSV Segment - Comments to Third Quarter 88% utilisation of the OSCV fleet. Five of the vessels operated on long-term contracts during the quarter. Three vessels operating in the North Sea/Europe. Two vessels operating in the US Gulf…
Operating Margin - Third Quarter Third Quarter 2015 Third Quarter 2014 Operating Operating Operating Operating Operating Operating Operating Operating Amounts in USD million revenue Expenses margin margin % revenue expenses margin…
Financial Position as of 30 September 2015 (all in USDm) Book equity ratio of 36%. Other Current Assets Current Liabilities Cash and cash equivalents of approx. USD 158 million as of 30 Cash & Cash Equivalents September 2015.…
Cash and Cash Equivalents development Net cash flow from operations USD 36.1 million. Cash flow from investing activities USD (96.9) million. Cash flow from financing activities USD 120.6 million. Net change in cash USD 59.8…
Scheduled Debt Maturity Profile 09.2015 - 2019 The graph reflects committed and assumed mortgage debt for all 8 vessels(1) under construction per end of 3Q 2015. Gross debt expected to peak in 2016 based on existing financing and…
Future Yard Instalments per end 3Q 2015 Amounts in USD million Future Yard Instalments 2015 2016 Total Yard instalments for shipbuilding contracts are normally paid with 20% during OSRVs 2.9 0.0 2.9 construction and 80% at delivery.…
Contract Backlog - Approximately USD 1.47bn of Firm Contract Backlog as of 30 September 2015. Firm contract backlog for the OSV segment of USD 1.21 bn. 6M 2015 USD 55 million. 2016 USD 238 million. 2017 onwards USD 915 million.…
OSV Segment Operating Margin, Vessels in Operation and Shipbuilding Contracts
OSV Segment - Currently 41 Vessels in Operation Vessels in operation 101) AHTS Vessels 6 OSCV 122) PSV (3,600 5,100 dwt) 13 Other vessels 4) Canadian Other fleet vessels 53) 75) Installation support vessel 1 Average…
OSV Segment - Employment for vessels in operation 2015 2016 2017 2018 1) The backlog for Siem Daya 1 includes an assumption of Vessel Type Ownership 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q completion of sale in November 2015. Siem…
OSV Segment - Employment for vessels in operation (cont) 2015 2016 2017 2018 Vessel Type Ownership 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Big Orange XVIII WSV 41 % Burin Sea AHTS 50% Panuke Sea PSV 50% Trinity Sea AHTS 50% Venture…
OSV Segment - Vessels under Construction, including Employment 2015 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q OSRV, Siem Marataizes 8 Yrs Firm + Options CLV, Siem Aimery Long term contract with Subsidiary PSV DF, Siem…
OSV Segment - Market Outlook The North Sea spot market for AHTS vessels and PSV vessels has continued the negative trend from the previous quarters with softening rates and decreasing utilization. Vessel owners continue to put…
Industrial Segment Operating Margin, Investments
Industrial Segment - Siem Offshore Contractors; Submarine power cable activities by main projects Amrumbank West Baltic 2 OWF Nordsee One Nordsee One OWF Veja Mate OWF OWF Awarded Mar, 2012 Feb, 2013 Dec, 2012 Apr, 2014 1) Apr,…
Industrial Segment - Siem WIS The Julius project that commenced late April was finalised end August after 4 months in operation. The operation went very well and was a success for Siem WIS. The Managed Pressure Drilling (MPD)…
Industrial Segment - Market Outlook Siem Offshore Contractors experienced an increased tendering activity for EPIC- based contracts for both medium- and high-voltage power cables in the offshore windfarm (OWF) market with scheduled…
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