Ship Finance International Limited 4Q 2014 Results February 26, 2015 1
4Q 2014 highlights Increased quarterly dividend of 0.42 per share Dividend yield of approximately 11%(3) Net income of 25m (0.27/share) for the quarter 36m or 0.39 per share adjusted net income after one-off and non-cash items.…
Recent events All four 8,700 TEU container newbuildings delivered 7-year time-charters to Hamburg-Sd container line Approximately 46m annual EBITDA, full cash flow effect from 2Q 2015 Increased cash sweep effect from vessels on…
3.9 billion charter backlog(1) Charterers by Mkt. Cap Revenues per segment mill. 5bn < 5bn 50% 36% 600 400 200 0 Private 2015 2016 2017 2018 14% Offshore Tanker Drybulk Liner 1) Fixed charter backlog as of December…
Offshore assets and counterparties Seadrill 2 x UDW units (West Hercules, West Taurus), built 2008 Harsh-environment jackup drilling rig (West Linus), built 2014 9-14 years remaining charter, fully guaranteed by Seadrill West Linus…
Frontline vessels Vessels and cash flow 12 VLCCs and 5 Suezmaxes 17.4m base EBITDA contribution in 4Q 2014 11.3m cash sweep contribution in the quarter Financing relating to FRO vessels 1 400m 1 200m 1 000m 800m 600m 400m…
Contributions from projects last 12 months(1) Large performing fleet with significant cash flow 553m EBITDA-equivalent last twelve months 198m net cash flow from projects after interest and debt amortization(3) mill. 800 34…
SFL operational performance Pro-forma illustration of cash flow (1) Not as accounted for under US GAAP Used as an internal guideline to assess the Company's performance Excluding extraordinary and non-cash items and profit share…
Profit & loss INCOME STATEMENT Three months ended Full year Full year (in thousands of Dec 31, Sep 30, 2014 2013 except per share data) 2014 2014 (audited) Charter revenues - operating lease 55 448 51 759 201 879 156 238 Charter…
Balance sheet BALANCE SHEET Dec 31, Dec 31, Sep 30, 2013 (in thousands of ) 2014 2014 (audited) ASSETS Short term Cash and cash equivalents 50 818 32 623 58 641 Available for sale securities 73 656 62 299 76 925 Amount due from related…
Liquidity and Capex Strong liquidity position 213m in total available liquidity at quarter end 51m cash and cash equivalents 162m freely available under revolving credit lines 74m in available for sale securities Mainly senior…
Summary Increased quarterly dividend of 0.42 per share 11% dividend yield(1) Reported net income of 25.1m or 0.27 per share 36m or 0.39 per share adjusted net income after one- off and non-cash items. EBITDA(2) equivalent cash…
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