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Annual Report 2015 – Maersk Oil

Maersk Oil · Feb 10, 2016 · 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. Annual Report 2015 – Maersk Oil – slide 1
    Maersk Group Annual report 2015 10 February 2016 - Conference call 9.30am CET webcast available at www.maersk.com
  2. Annual Report 2015 – Maersk Oil – slide 2
    page 3 Acceptable full year result in challenging times Group Financial Highlights Group highlights FY 2015 Underlying Group profit decreased 82% to USD 925m (USD 5.2bn) USDm Profit profit* Free cash flow** 2014 2015…
  3. Annual Report 2015 – Maersk Oil – slide 3
    page 4 Key value drivers deteriorated further in Q4 2015 Container freight rates in all-time lows Oil price at its lowest level in a decade Index CCFI USD/barrel Brent 1,400 160 140 1,200 120 100 1,000 Q4 80 Q4…
  4. Annual Report 2015 – Maersk Oil – slide 4
    page 5 Q4 2015 a perfect storm for the Group Group Financial Highlights Group highlights Q4 2015 USDm Q4 2014 Q4 2015 The Group was severely impacted by the sharp decline 2,000 in freight rates and oil price over the quarter 1,025…
  5. Annual Report 2015 – Maersk Oil – slide 5
    page 6 Maersk Line - rates hit all time low Q4 Q4 FY FY (USD million) 2015 2014 2015 2014 Maersk Line highlights Q4 2015 Revenue 5,194 6,912 23,729 27,351 Maersk Lines underlying profit decreased to USD -165m (USD 631m) and ROIC…
  6. Annual Report 2015 – Maersk Oil – slide 6
    page 7 Maersk Lines response is to manage capacity Development in owned vs chartered fleet Maersk Line capacity development TEU m No. Maersk Line aims to continuously adjust capacity to 3.5 450 match demand and optimise…
  7. Annual Report 2015 – Maersk Oil – slide 7
    page 8 and continued focus on cost Unit cost including VSA income Maersk Line cost highlights Q4 2015 USD/FFE 3,200 3,092 3,097 Total cost decreased by 14.2% (USD 885m) against 3,012 3,010 3,000 a volume increase of 0.1% compared…
  8. Annual Report 2015 – Maersk Oil – slide 8
    page 9 Maersk Oil - impairments reduced invested capital Q4 Q4 FY FY (USD million) 2015 2014 2015 2014 Maersk Oil highlights Q4 2015 Revenue 1,302 1,843 5,639 8,737 Underlying profit decreased to USD -21m (USD 150m) mainly driven…
  9. Annual Report 2015 – Maersk Oil – slide 9
    page 10 APM Terminals - portfolio expansion Q4 Q4 FY FY (USD million) 2015 2014 2015 2014 APM Terminals highlights Q4 2015 Revenue 1,025 1,124 4,240 4,455 APM Terminals delivered an underlying profit of USD EBITDA 199 229 845…
  10. Annual Report 2015 – Maersk Oil – slide 10
    page 11 Maersk Drilling - solid operational performance Q4 Q4 FY FY (USD million) 2015 2014 2015 2014 Maersk Drilling highlights Q4 2015 Revenue 617 635 2,517 2,102 Maersk Drillings underlying profit increased 39% to EBITDA 323…
  11. Annual Report 2015 – Maersk Oil – slide 11
    page 12 APM Shipping Services - improved underlying profit Q4 Q4 FY FY (USD million) 2015 2014 2015 2014 APM Shipping Services highlights Q4 Revenue 1,220 1,455 5,080 5,926 APM Shipping Services reported an underlying profit of…
  12. Annual Report 2015 – Maersk Oil – slide 12
    page 13 Invested capital and ROIC Invested ROIC % ROIC % ROIC % Development in invested capital -5Y Business capital Q4 2015 Q4 2014 FY 2015 (USDm) Group 43,509 -20.8% 2.3% 2.9% Maersk Drilling 115% Maersk Line 20,054 -3.6%…
  13. Annual Report 2015 – Maersk Oil – slide 13
    page 14 A strong financial framework Well capitalised position Active portfolio management Net debt has increased USD 0.1bn since Q4 2014 Cash flow from divestments has been USD 17bn with divestment gains of USD 5.7bn pre-tax 2009…
  14. Annual Report 2015 – Maersk Oil – slide 14
    page 15 Consolidated financial information Q4 Q4 FY FY Income statement (USD million) Change Change 2015 2014 2015 2014 Revenue 9,125 11,715 -22% 40,348 47,569 -15% EBITDA 1,628 2,618 -38% 9,074 11,919 -24% Depreciation, etc.…
  15. Annual Report 2015 – Maersk Oil – slide 15
    page 16 Guidance for 2016 All figures in parenthesis refer to full year 2015. APM Shipping Services expects the underlying result to be significantly below the 2015 result (USD 404m) The Maersk Group expects an underlying result…

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