Highligts & Recent Events For the fourth quarter of 2014, KNOT Offshore Partners L.P. (the Partnership): Generated net income of 5.9 million and operating income of 15.9 million (1) Generated Adjusted EBITDA of 26.5 million and (1)…
Summary unaudited condensed consolidated and combined carve- out statement of operations Vessel operation in line with Three months Three months Three months Ended Ended Ended forecast (USD in thousands) December 31, December 31,…
Summary Unaudited Condensed Consolidated and combined carve-out Balance sheet At December 31, At December 31, Total unrestricted cash of 30.7 million (USD in thousands) 2014 (unaudited) 2013 (Audited) Interest bearing debt at…
Distributable cashflow Three months Three months Ended Ended (USD in thousands) December 31, September 30, 2014 2014 (unaudited) (unaudited) Net income 5 908 12 563 Add: Depreciation and amortization 10 559 10 201 Other non-cash…
Adjusted EBITDA Three months Three months Ended Ended (USD in thousands) December 31, September 30, 2014 2014 (unaudited) (unaudited) Net income 5 908 12 563 Interest income -9 0 Interest expenses 4 688 4 014 Depreciation and…
Long-term Contracts Backed by Leading Energy Companies KNOT Offshore Partners - Owned fleet Name Area 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 Windsor Knutsen (1) Brazil 2 Bodil Knutsen (1) N. Sea 3…
Knutsen NYK Offshore Tankers (KNOT) ordered one new shuttle tanker in January KNOT enters into a new contract for shuttle tanker Vessel Size (dwt) Construction Delivery Employment Term Int Oil Co I 152 000 dwt Cosco Chousan, China Q1-17…
Dropdown inventory: Six potential acquisitions KNOT Offshore Partners - Potential acquisitions Name Area(3) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 Ingrid Knutsen N. Sea 2 Raquel…
Petrobras production capacity is being ramped up Source: Petrobras Investor presentation June 2014, 11
Petrobras 29Jan2015 (old managements last presentation): 12
From BG Investor update Februry 2015, slide 10: 13
From BG Investor update February 2015, slide 11: 14
BG Investor update February 2015, slide 12: 15
Effects of lower oil price on Knutsen Offshore Partners Existing projects continuing Very low lifting cost ( 8-15 per barrel) and with former investments being sunk cost, existing production is profitable and demands shuttle services…
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 Q4-14 Selected Quarterly Figures Revenues million 17,3 20,5 22,2 21,8 22,1 34,3 34,7 Operating income…
Distribution for Q4-14 will be up 31%* from MQD Management has recommended to the board an increase in Q1-15 distribution of between 0.010 and 0.015 following the Dan Cisne acquisition in December 2014 At the IPO in April 2013, the…