Skip to main content Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp Investor Presentation | Shale Experts
Loading...
Pm

Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp

Golar Lng Partners Lp · Dec 12, 2017 · 17 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. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 1
    Wells Fargo Securities Pipeline, MLP and Utility Symposium December 2017 Golar LNG Partners LP
  2. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 2
    Overview Golar LNG International owner and operator of LNG Limited Public Unit (NASDAQ: GLNG holders infrastructure focused on midstream segments Mkt. Cap 2.4bn1) 100% of LNG value chain 30% 70% More than 40 years of LNG industry…
  3. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 3
    Investment Highlights 1 Long-term 2.3 billion of effective revenue backlog equivalent to 5.5 revenue backlog years3 contracted cash flow Strong and diversified customer base to strong counterparties 99+% average utilization for…
  4. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 4
    Golar Group Structure (1) Excludes remaining 50% of Earn-Out units Golar LNG Partners LP 5
  5. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 5
    Distribution Coverage & Debt Ratio Distribution 1.2 0.99 1.04 1.28 1.23 1.33 1.30 Coverage Ratio1 Net Debt to 4.3x 3.8x 2.9x 2.9x 3.5x 3.5x 3.6x annualised EBITDA2 Golar LNG Partners LP 6
  6. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 6
    2.3bn of Effective Revenue Backlog* Revenue Backlog or Contracted Revenue is defined as the contracted daily charter rate for each vessel multiplied by the number of scheduled hire days for the remaining term of the contract. This is not…
  7. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 7
    Effective adjusted EBITDA bridge Golar Spirit FSRU long-term contract has ended and Golar Maria and Golar Mazo will 500 conclude by year end 2017. However, adjusted EBITDA lost (even if no new contracts) is 400 more than offset…
  8. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 8
    FLNG Hilli Episeyo Key components of Golar Hilli LLC Common Units cash flows Common Units Cash flows from the first 50% of contracted capacity (1.2mtpa of LNG) Total operating costs incurred in the production of 1.2mtpa of LNG…
  9. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 9
    Shipping Update 2017 v 2016 Spot Rates for ST vessels Carrier Requirement & Supply Development 35% 110% 30% 100% 25% 90% Fleet Utilisation Rate (%) Annual Change (%) 20% 80% 15% 70% 10% 60% 5% 50% 0% 40% -5%…
  10. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 10
    FSRU Update Active market for small-mid size 0.5-2.0mtpa FSRU projects, a market the Partnership dominates with the Golar Spirit, Freeze in addition to Golars conversion expertise: Active discussions/negotiations for mid scale FSRU…
  11. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 11
    Summary Solid contract base Effective revenue backlog1 of 2.3 billion equivalent to 5.5 revenue backlog years5 including interest in FLNG Hilli Episeyo. Excellent operating results greater than 99% average utilization for the last 3…
  12. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 12
    THANK YOU Golar LNG Partners LP
  13. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 13
    Income Statement 2017 2017 2016 2016 (USD thousands) Jul-Sep Apr-Jun Jul-Sep Jan-Dec (unaudited) (unaudited) (unaudited) (audited) Total operating revenues 105,635 135,969 113,839 441,598 Vessel operating expenses 17,198 18,620…
  14. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 14
    Balance Sheet: Assets 2017 2017 2016 Sep 30 Jun 30 Dec 31 (unaudited) (unaudited) (audited) (USD thousands) Current assets Cash and cash equivalents 206,821 301,486 65,710 Restricted cash 21,817 16,845 44,927 Amount due from…
  15. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 15
    Balance Sheet: Liabilities & Equity 2017 2017 2016 Sep 30 Jun 30 Dec 31 (USD thousands) (unaudited) (unaudited) (audited) Current liabilities Short-term debt and current portion of long-term debt 158,067 115,758 78,101 Other…
  16. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 16
    Distributable Cash flow (USD thousands) Three months ended Three months ended Sep 30, 2017 Jun 30, 2017 Net income 30,034 57,626 Add: Depreciation and amortization 26,356 26,142 Unrealised net loss/(gain) from interest rate…
  17. Wells Fargo Securities Pipeline MLP and Utility Symposium – Golar Lng Partners Lp – slide 17
    Appendix A (USD thousands) Three months ended September 30, 2017 Net Income 30,034 Depreciation and amortization 26,356 Interest Income (2,105) Interest Expense 19,876 Other Financial Items 2,034 Tax 4,378 Adjusted EBITDA…

From the store

Browse maps, data & reports in the Shale Experts store