Teekay Corporation Q2-2020 Earnings Presentation August 13, 2020
Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect managements current views with respect to certain future…
Total Adjusted EBITDA(1) 350 Improved cash flows and earnings 300 250 Millions Q2-20 Total Adjusted EBITDA(1) of 316M, compared 200 to 197M in Q2-19 150 316 Q2-20 Highlights Q2-20 consolidated Adjusted Net of 40M, Income(1) 100…
Continue to Wind- Down FPSO Segment Foinaven Banff Hummingbird Secured up to 10-year bareboat charter Unit ceased production in June 2020 and Continues to produce on its field under its contract, which effectively covers is…
Recent Highlights Adjusted Net Income (1) Financial Leverage Q2-20 Total Adjusted EBITDA(1) of 192M and 70 10.0x Teekay LNG (TGP) Adjusted Net Income(1) of 63M, or 0.67 per unit, up 19%, 82% and 91% from Q2-19, respectively 9.0x…
Net Debt(1) Recent Highlights 1,000 Teekay Tankers Q2-20 Total Adjusted EBITDA(1) of 124M, (TNK) compared to 36M in Q2-19 800 Millions Third consecutive quarter of Q2-20 Adjusted Net Income(1) of 81M, or 997 929 strong earnings…
Stronger Financial Foundation Improved profitability and Teekay Consolidated delevered the balance sheet across the Group Q2-19 Q2-20 Change No committed growth CAPEX Net Debt(1) 4,362M 3,475M -887M (-20%) No significant near-term debt…
Appendix 8
Teekay Parent Sum-of-the Parts (SOTP) In Million, except share/unit figures Current Equity Investments in Daughters(1)(2) Teekay Corp - Levered 429 TGP LP (35.96M units x 11.92 unit price) Play on Daughter 19 Entities TGP GP (1.55M…
(Thousands of U.S. Dollars except Q2-2020 Q1-2020 per share am ounts) (unaudited) (1) (unaudited) (1) Variance Com m ents Consolidated Revenues 474,004 572,805 (98,801) Adjusted Net Income Voyage expenses Net revenues (66,896)…
Income Q2-20 Q3 2020 Adjusted Net Income Outlook Statement Item in millions (expected changes from Q2-20) (1) Q3-2020 Outlook adjusted Teekay Consolidated basis Teekay Parent 12m decrease from the Banff FPSO due to the cessation of…
Consolidated Adjusted Statement of Net Income (Loss) Reconciliation Three Months Ended Three Months Ended June 30, 2020 March 31, 2020 Q2-20 vs. Q1-20 Reclass for Reclass for (in thousands of US dollars, except per share amounts)…
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