Highligts & Recent Events For the third quarter of 2014, KNOT Offshore Partners L.P. (the Partnership): Generated net income of 12.6 million and operating income of 15.5 million (1) Generated Adjusted EBITDA of 25.7 million and…
Summary unaudited condensed consolidated and combined carve- out statement of operations Three months Three months Three months Vessel operation in line with Ended Ended Ended (USD in thousands) September 30, September 30, June 30,…
Summary Unaudited Condensed Consolidated and combined carve-out Balance sheet At September 30, At December 31, Total unrestricted cash of 44.4 million (USD in thousands) 2014 2013 (unaudited) (Audited) Interest bearing debt at…
Distributable cashflow Three months Ended (USD in thousands) September 30, 2014 (unaudited) Net income 12 563 Add: Depreciation and amortization 10 201 Other non-cash items; deferred costs amortization debt 308 Less:…
Adjusted EBITDA Three months Ended (USD in thousands) September 30, 2014 (unaudited) Net income 12 563 Interest income 0 Interest expenses 4 014 Depreciation and amortization 10 201 Income tax (benefits) expense -1 EBITDA 26…
Long-term Contracts Backed by Leading Energy Companies Capacity Name (DWT) Charterer Type 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Time Windsor Knutsen 162 362 Charter Time Bodil Knutsen 157 644 Charter…
Knutsen NYK Offshore Tankers (KNOT) orders two new shuttle tankers KNOT enters into new contract for shuttle tankers Vessel Size (dwt) Construction Delivery Employment Term BG I 140 000 dwt Hyundai, South Korea Q4-16 Timecharter BG group…
Dropdown Fleet Overview Capacity Charter Name (DWT) Charterer Delivery Type Expiration Area(1) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Time Ingrid Knutsen 112 000 Q4 2013 nov.23…
Petrobras production capacity is being ramped up Source: Petrobras Investor presentation June 2014, 11
BG group Investor update October 2014 Source: BG group Investor Update October 2014, Red outline : KNOT Offshore Partners 12
BG group Investor update October 2014 Source: BG group Investor Update October 2014, Red outline : KNOT Offshore Partners 13
Brazilian deepwater shuttle tanker volumes Source: Fearnley November 2014, 14
Break even oil prices Norway, NPD including interest Source: Norwegian Petroleum Directorate April 2014, Red line : KNOT Offshore Partners 15
Q3-14: Full effect of the Hilda Knutsen and Torill Knutsen acquisitions KNOT Offshore Partners LP Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Main quarterly figures Revenues million 17,3 20,5 22,2 21,8 22,1 34,3 Operating income million 7,4…
Distribution for Q3 -14 will be up 31%* from MQD Following the Hilda Knutsen and Torill Knutsen, distribution is increased by 12.6% At the IPO in April 2013, the Partnership expected a distribution growth averaging 10% to 15%…
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A Critical Component of Offshore Oil Infrastructure: Shuttle Tankers are substituting pipelines in Deep Sea oil production Advantages vs. Pipelines Key Differences vs. Conventional Tankers Superior, more economical alternative with…
Deepwater Oil Production Is Rapidly Growing Key Themes & Trends New Offshore Oil Field Developments 2012-2020 (3) Depletion of existing fields, in addition to consumption growth, will drive new exploration Barents Sea Developments…
Demand for Shuttle Tankers Increasing Oil Fields Serviced by Shuttle Tankers Expected to Increase (1) Offshore Oil Field production Millions Barrels 86% of growth driven Daily (Fields operated by shuttle tankers) by Brazil & North…
Late cycle and stable margins in the Shuttle tanker industry An offshore oil production development is a complex operation that takes years to mature Normally 5 to 15 years from discovery to first oil Shuttle tankers are late cycle…
Excellent visibility in the Shuttle tanker business: ENI vessels on the Goliat field is an example Goliath field 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 Development SEISMIC EXPLORATION DRILLING PDO - Plan…
Shuttle Tankers: Unique Assets in Energy Supply Chain Specialized Asset Class Standardized Asset Class Shuttle Tankers LNG Conventional Tankers Dry Bulk Carriers Transport from FPSO or Transports crude and Transports to and from…
One of the Worlds Youngest Fleets with the Latest Technology Few vessels are being delivered going forward All Newbuilding vessels are on contract no speculative ordering Delivery of Brazilian vessels ordered in 2007 has…
Knutsen NYK Offshore Tankers: Industry Leader with 2nd Largest Fleet A Highly Experienced Operator Knutsen NYK is One of the Largest Operators in the Shuttle Tanker Sector (1)(2) Market leading shuttle tanker operator with…
Overview of Sponsors and Partnership Structure Overview of Nippon Overview of TSSI Yusen Kaisha (NYK) Individual One of the largest private Public Owners Owners Publicly listed company on shipping companies in Norway the Tokyo,…
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