// First Quarter 2014 Earnings Presentation May 15, 2014 TEEKAY CORPORATION
Recent Highlights Teekay Corporation TEEKAY CORPORATION (PARENT) Generated 265m of total CFVO1 in Q1-14, compared to 193m in Q1-13, an increase of 37% Reported Q1-14 consolidated adjusted net income2 of 3.5m, or 0.05 per share,…
Recent Highlights Daughter Companies TEEKAY TEEKAY TEEKAY LNG PARTNERS OFFSHORE PARTNERS TANKERS LTD. Declared Q1-14 distribution Declared Q1-14 distribution Declared Q1-14 dividend of of 0.6918 per unit - 25.0m of 0.5384 per unit -…
Teekay Parent FPSO Projects Update Knarr FPSO The FPSO remains on track for its scheduled sail away to the North Sea in late-June 2014 Following installation and offshore testing in late Q4-14, the unit is expected to commence its…
Teekay Parent on-the-water FPSOs Update FPSO Commentary Foinaven FPSO In late-Feb 2014, production was halted due to continued issues with the units only operating gas compressor (second gas compressor still under repairs) o Q1-14…
Q1 2014 Consolidated Adjusted Statement of Income Three Months Ended Three Months Ended March 31, 2014 December 31, 2013 Reclass for (in thousands of US dollars, except per share amounts) Realized Gains/ Appendix A Losses As…
Q2 2014 Outlook Teekay Consolidated Income Q2-2014 Statement Item Outlook Fixed-Rate Fleet (expected changes from Q1-14): 15m decrease from no further interest income from VLCC term loans (9m TNK, 6m TKC); 8m decrease from the…
2014 Investor Day TEEKAY CORPORATION 10
Appendix TEEKAY CORPORATION 11
Q1 2014 Appendix A Item Descriptions Q1 - 2014 (in thousands of US dollars) Appendix A Items Explanation of Items NET VOYAGE REVENUES Revenues - Voyage expenses - Net revenues - OPERATING EXPENSES Vessel operating expense (2,230)…
Q4 2013 Consolidated Adjusted Statement of (Loss) Income Three Months Ended Three Months En December 31, 2013 September 30, 2 Reclass for (in thousands of US dollars, except per share amounts) Realized Gains/ Appendix A Losses As…
Q4 2013 Appendix A Item Descriptions Q4 - 2013 (in thousands of US dollars) Appendix A Items Explanation of Items NET VOYAGE REVENUES Revenues - Voyage expenses - Net revenues - OPERATING EXPENSES Vessel operating expense (1,961)…
Teekay Group Capital Commitments Teekay Groups remaining capital commitments relating to its portion of acquisitions and newbuildings as at March 31, 2014: (in Millions) 2014 2015 2016 2017 2018 Total Teekay Offshore(1) 61 175 175…
2014 Drydock Schedule March 31, 2014 (A) June 30, 2014 (E) September 30, 2014 (E) December 31, 2014 (E) Total 2014 Total Total Total Total Total Vessels Vessels Vessels Vessels Vessels Offhire Offhire Offhire Offhire Offhire…
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