Fourth quarter highlights Q4 Financial highlights Operating revenue USD 102.5 million EBITDA of USD 48.6 million Net loss USD 102.7 million Loss per share of USD 0.17 Other highlights Q4 fleet technical utilization - 94%…
Company Update 4
Company update Operational performance Q4 Fleet utilization 94% Sevan Driller 95% 93% 92% 92% 95% 94% 90% Sevan Brasil 95% 83% Sevan Louisiana 92% 64% 6.5 days downtime related to the DAT cylinder events Avg. OPEX 182,000…
Company update Contract backlog * 2015 2016 2017 2018 Sevan Driller Petrobras, Brazil Q2 2016 (2010) Sevan Brasil Petrobras, Brazil Q2 2018 USD 1.1 billion (2012) backlog contract revenue on 3 rigs Sevan Louisiana LLOG, US…
Company update Sevan Developer deferral agreement Cancelled tranche B financing Amended Sevan Louisiana contract with LLOG Amended revolving credit facility to USD 300 Million Asset impairment of USD 101.6 million Update from Q3…
Financial Update 8
Income Statement Income statement Three months Three months Unaudited figures in USD million ended 31/12/2014 ended 31/12/2013 Operating revenue 102.5 65.7 Technical utilization 94% versus 92% Q4 2013 Operating expense -50.2 -38.9…
Balance sheet Twelve months Twelve months Balance sheet items Unaudited figures in USD million ended 31/12/2014 ended 31/12/2013 ASSETS Drilling rigs 1,833.8 1,916.6 Other fixed assets 1.1 19.2 Assets Other non-current assets 24.9…
Concluding remarks 11
Summary & Outlook 1 Operations Continue to focus on safe, acceptable utilizations 2 Marketing - Continue marketing efforts the fleet continue, specifically Sevan Developer 3 Financing - Cash flows and amended revolver…
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