Agenda 1. Q4 Highlights 2. Q4 Financial Highlights 3. Business Update 4. Summary and Outlook 3
Q4 2014: Highlights Took delivery of the new-build LNG carriers Golar Frost and Glacier and FSRU Eskimo. Following delivery of the Eskimo, entered into an agreement to sell the FSRU to Golar Partners for 390 million. Executed a…
Financial Highlights Golar Standalone Golar Group (incorporates GMLP) Unaudited Audited (unaudited) Q4 Q3 12 m to 12 m to Q4 Q3 12 m to 12 m to (USD million) 2014 2014 Dec-14 Dec-13 2014 2014 Dec -14 Dec-13 Net operating…
Dividend contribution by Partners 45000 45.0C 45.0C 45.0C Since IPO, Golar Partners quarterly 40000 dividends have grown 45.0C 45.0C 45.0C 45.0C by 46%. 42.5C 35000 42.5C Golars total dividend 40.0C income from Partners 30000…
Balance Sheet 2014 2014 2014 2014 2013 Dec 31 Sep 30 Jun 30 Mar 31 Dec 31 (unaudited) (unaudited) (unaudited) (unaudited) (audited) (USD thousands) Short term assets Cash and cash equivalents 191,410 390,004 484,683 158,579 125,347…
Cash Flow 2014 2014 2014 2014 2013 Oct - Dec Jul - Sep Apr - Jun Jan Dec Jan - Dec (unaudited) (unaudited) (unaudited) (unaudited) (audited) (USD thousands) Net cash provided by operating activities 13,489 18,976 73,372 24,873…
Strong liquidity position The Company has taken steps to strengthen its balance sheet position to weather the challenging shipping market: 207m raised on GMLP units secondary offering. 180m equity released from financing of delivered…
Golars Portfolio Ship Owned Built m3 Containment Charterer 2015 2016 2017 2018 2019 2020 2021 2022 GOLAR LNG PARTNERS: Methane Princess 100% 2003 138,000 Membrane BG Group B G GROUP (LNGC) Golar Winter 100% 2004 138,000 Membrane…
Shipping Q4 utilisation was in line with Q3. Market sentiment softened toward the end of Q4 as trading conditions deteriorated, vessels were poised for redelivery and additional new builds entered the vessel pool. Green field project…
FSRU Golar Group has six floating regasification vessels 5 operating, 1 firm project that has made FID and 1 vessel on order, scheduled for delivery Q4, 2015. Ghana project continues to progress toward FID. Falling LNG prices are…
GoFLNG GoFLNG value proposition: Low unit cost of production. Short lead time. Reduced execution risk. Underpinned by a growing demand globally for LNG. GoFLNG business model is based on targeting: Relatively dry and clean…
GoFLNG Project Development Africa Societe Nationale de Hydrocarbures (SNH), Perenco Cameroon and Golar LNG entered into Heads of Agreement to develop floating liquefaction project in Cameroon: 500n Bcf gas. 8 year project life at…
Conversion Project Progress Hilli conversion now 30.3% complete against a schedule of 25.5% Value of work completed 305M (excluding vessel value), project contingency remains intact. Keppel and Black & Veatch have taken equity…
Summary and Outlook Current spot market to remain poor until 2H 2015. Golar maintaining focus on utilisation and efficient operations. Golar Eskimo FSRU anticipated to deliver on time for Jordan project start up in first half of…
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