Dockwise strategy to match O&G industry cycle Processing Production Logistical Management Solutions Exploration & Offshore Transport and Increasing investments: Development Installations LNG/LPG/Refineries Mining/Power plants…
Acquisition of Fairstar improves competitive strength and accelerates strategy execution Heavy Marine Transport Transport & Installation Logistical Management Leadership position through Combined presence will Combined presence will…
and supports plans for and reduces costs of fleet Supports our future vessel availability fleet composition Built 2012 2013 2014 2015 2016-2020 Vanguard 2012 New build Blue Marlin 2016 2000 Improves competitive Mighty Servant 1…
Financial Highlights Q3 2012 Consolidated revenues of USD 136 million of which USD 21 million from Fairstar (USD 97 million (pre-merger) in Q2 2012); Adjusted EBITDA of USD 51 million of which USD 13 million from Fairstar (USD 28…
Operational Highlights Q3 2012 Utilization rate of 79% (60% Q2 2012); Total rig transports of 17 in execution during Q3 2012 (15 in Q2 2012) Year to date involved in 40 rig transports; Delivery of floating super-pallets for HPX3…
Post Period Highlights USD 35 million booked for execution in 2012 and beyond; Finesse scheduled for delivery 22 November 2012, Vanguard for 14 January 2013: Third yard payment in Q4 2012 of USD 46 million for Vanguard; fourth and…
Jack- up drilling rigs on Black Marlin Oil & Gas exploration and development Jack- up drilling rigs from Singapore to Rotterdam 11
Helicopter carrier on Blue Marlin Port & Marine infrastructure/Military ALHD from Ferrol (Spain) to Melbourne (Australia) 12
Harbor cranes on Tern Port & Marine Infrastructure 4 cranes from China to Congo and Benin 13
Post quarter: topside SHWE loaded for transport & installation on COOEC barge 14
Progress on schedule Delivery 14 January 2013 Three contracts booked for 2013 & 2015 Milestone payment USD 46 million in Q4 2012 USD 46 million in Q1 2013 15
Balance Sheet 30 Sep 30 Jun 31 Dec 30 Jun Amounts in USD million and rounded 2012 2012 2011 2011 As of 1 July 2012, Fairstar has been included in the Property, plant and equipment 1,280.4 900.9 868.2 955.0 consolidated financial figures…
Cash flow YTD Q3 YTD Q3 Q3 '12 Q2 '12 Q3 '11 Amounts in USD million and rounded '12 '11 Capex YTD Q3 2012 amounts to USD 108 CF from operating activities before movements in working capital 49.5 28.1 42.0 115.6 104.4 million; Movement…
CAPEX Forecast 2012 (x USD 1000,000 unaudited) Q 2 2012 Q 3 2012 Dockwise CAPEX Forecast full year 2012 (excluding Fairstar) 210 169 1 Fairstar CAPEX Forecast second half year 2012 50 41 Subtotal 260 210 White Marlin - 30 TOTAL…
Financing Fairstar (as per 30 September 2012) (x USD 1000,000 unaudited) Net proc eeds Alloc ation Q 3 2012 Q 2 2012 Q 3 2012 Q 2 2012 Rights issue 248 248 Fairstar shares 141 90 Preference shares 50 50 Bond loan 38 25 Repayment…
Bank covenant ratios DEFINITIONS BANK COVENANT RATIOS Free cashflow As from Net debt service F Y '1 2 Q1 '1 3 Q2 '1 3 Q3 '1 3 Q4 '1 3 Consolidated EBITDA Cash flow cover = 1.00 1.00 1.00 1.00 1.00 Net debt service Interest…
Dockwise target markets attractive outlook Capital Multi-Year E&P Spending Forecast (Source: Barclays Capital, 5 December 2011) of rigs New build jack ups entering the market 16 14 High Spec (IC, =350 ft) 12 Low Spec 10 8 6 4 2…
Dockwise strategy based on three pilars HMT: focus on high end T&I: expand service scope LM: build position Invest in Type 0, I and II Secure access to barge for Target LNG, refineries, mining vessels. jacket launch and crane and…
Backlog at end Q3 2012 and development (x USD Million) Backlog analysis (x USD Million) 810 500 800 766 450 700 400 587 600 350 USD 405 million 323 531 300 512 287 500 245 250 400 215 209 217 203 200 200 186 171 300 150…
Current trading and outlook Full year outlook is unchanged and organic operational outturn ahead of 2011 ; As a consequence of recent developments regarding the financial stability of the final customer and sponsor of a major E&P…
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