Golar LNG: Best-in-Class LNG Infrastructure Provider Golar LNG is the leading fully-integrated midstream LNG player with an attractive fleet comprising LNG carriers, FSRUs and FLNG conversion candidates. Snapshot Leading independent…
Shipping SHORT TERM LNG shipping market is expected to remain over supplied for balance of 2014. Ramp-up of liquefaction capacity is beginning but results still mixed: Australian projects will be the key to incremental shipping…
FSRUs Golar is a pioneer of the FSRU concept: Began in 2005 with the ordering of long lead items for the speculative conversion of the Golar Spirit. Only company to have successfully converted carriers (4) into FSRUs. Recently…
FLNG Conversion Contract Golar remains on track for completion and funding of the Golar Hilli conversion contracts during Q2 2014: Main contract with Keppel Shipyard Ltd for vessel conversion. Sub contract for the liquefaction…
FLNG Comparison Economics Notes: Dotted lines represent capital cost range; assumes LNG delivery to Tokyo Bay Harbour (FOB Destination, seller pays for LNG transport); 25 year project life; Western Australia liquids yield of 15…
FLNG The potential economics for Golar CAPEX v EBITDA USDm Using US Gulf transactions 1400 as a reference point, 1200 annual EBITDA can be 300 3x5x expected to be in the USD 1000 250m 400m range. 800 This compares with all-in…
FLNG Project Pipeline Golars liquefaction solution has been very well received by project developers and producers alike. FLNG is expected to follow a similar development path to that experienced in the FSRU business: Rapid…
A proven structure for monetizing contracts Since IPO, Golar Partners quarterly Dividend Contribution by Golar Partners dividends have grown by 36%. 40000 Golar dividend income from Partners 45.0C 45.0C 45.0C 45.0C 45.0C has…
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Appendix APPENDIX 12
Keppel: A Global Leader in Design, Construction and Conversion Completed most FPSO, FSO and FSRU conversions in the world Keppel Shipyard (est. 1968) is a wholly owned subsidiary of Keppel Corp. Unmatched reputation for delivering…
Black and Veatch: PRICO Liquefaction Black and Veatch Global LNG Footprint Delivers Value * Source taken from B&V website 14
Financial Highlights Golar Standalone Golar Group (incorporates GMLP) Unaudited Audited (unaudited) Q1 Q4 12 m to Dec- Q1 Q4 12 m to (USD million) 2014 2013 13 2014 2013 Dec-13 Net operating revenues 14.9 12.3 85.6 98.9 96.9…
Balance Sheet 2014 2013 2013 2013 2013 Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 (unaudited) (audited) (unaudited) (unaudited) (unaudited) (USD thousands) Short term assets Cash and cash equivalents 158,579 125,347 56,049 191,457 373,971…