Quarterly Presentation Q DOF Subsea Group
|
|
- Evan Ford
- 5 years ago
- Views:
Transcription
1 Quarterly Presentation Q Group
2 Group at a glance 2005 established NOK 1.2bn 1) Revenues Q2 18 NOK 15.9bn Firm backlog Q ) Subsea employees worldwide Q2 18 Integrated Supplier of subsea offshore services Modern State-of-the-art asset base 28 3) Subsea vessels 71 4) ROVs 1) Note: According to management reporting 2) Note: Excluding marine crew 3) Note: Including newbuild Skandi Olinda and chartered-in vessels Harvey Deep Sea, Harvey Subsea, Skandi Chieftain and Skandi Darwin 4) Note: Including 2 AUVs 2
3 Global footprint Bergen Aberdeen St John s Houston NORTH AMERICA ATLANTIC Kuala Lumpur Singapore Brunei Manila Macaé Rio de Janeiro Luanda Jakarta Darwin Buenos Aires BRAZIL ASIA PACIFIC Perth Melbourne Local operating model ensuring on-the-ground responsiveness towards clients needs 1) Note: Number of employees as at end of Q2 18, excluding marine crew 2) Note: Vessels in operation as at end of Q2 18, including 4 chartered-in vessels (excluding newbuild under construction) 3
4 More than a decade of structural growth and consolidation established following the acquisition of Geoconsult. The Company was listed second half First Reserve acquires 49% of, which in the following is delisted from the Oslo Stock Exchange Large and global organisation following multiple acquisitions from Covus Subsea Century Subsea SWG Offshore CSL SEMAR Development in number of Subsea Employees 1) Awarded four PLSV long-term contracts in joint venture with TechnipFMC Expanding organisation on the back of several large contract awards. Number of employees and vessels peaking at and 27, respectively Focus on consolidation and streamlining of business operations to improve efficiency and competitiveness in weak market Delivery of two newbuilds entering into long-term contracts and commencement of two long-term IMR contracts Delivery of one JV newbuild entering into longterm contract and award of several long-term contracts within both business segments Q Development in number of vessels in operation 2) Q Owned vessels Chartered-in vessels Total 1) Note: Marine crew not included 2) Note: Newbuild not included 4 3) Note: Period-end numbers
5 Key financials 1) Revenue EBITDA 2) Firm backlog NOK million NOK million EBITDA margin NOK billion % % % % % % % % LTM LTM 0% Q ) Note: Figures according to management reporting (LTM = Last Twelve Months) 2) Note: EBITDA excl. profit from sale of non-current assets 5
6 NOK billion Maintained strong backlog in challenging market Firm backlog Q equals firm backlog Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q Sum of Firm Sum of Options Majority of firm contract backlog with investment grade companies Firm contract backlog in NOK has been relatively steady over time Current firm contract backlog equals ~3x actual 2016 revenue Majority of firm backlog has high EBITDAmargin 6
7 Segment highlights
8 Two business segments Group Subsea / IMR Projects Long-term Chartering 1) Framework agreements Engineering capabilities Opex spending Long-term charters Vessel capabilities Capex spending Revenues Q2 18 2) NOK 812 million EBITDA Q2 18 3) NOK 72 million ~9% margin Firm backlog 4) NOK 4.1bn Revenues Q2 18 2) NOK 391 million EBITDA Q2 18 3) NOK 300 million ~77% margin Firm backlog 4) NOK 11.8bn Employees Q vessels in operation 5) Q vessels in operation Q newbuild Q2 18 1) Note: Long-term Chartering comprises 6 PLSVs in operation and 1 PLSV under construction, plus Skandi Acergy and Skandi Patagonia 4) Note: Firm backlog as at end of Q ) Note: According to management reporting 3) Note: According to management reporting 5) Note: Including 4 chartered-in vessels
9 Subsea/IMR Projects Numerous projects completed and ongoing worldwide Built a leading subsea projects division for over a decade Subsea project activity established with a global footprint in all key offshore regions High quality asset base leveraging unrivalled subsea and vessel operating competence A clear action plan to pursue further opportunities Continue to increase the scope and complexity of operations Strengthen presence in selected geographies Further build project backlog with core focus on IMR projects Selected IMR projects Last 5 years Petrobras DSV Contract ( ) ENI Angola IMR Contract ( ) Husky Energy IMR Contract ( ) Shell Prelude IMR Contract ( ) Goliat Field Support ENI (2016) Chevron Gorgon IMR Contract ( ) Shell Malampaya IMR Contract ( ) ConocoPhillips ROV Services (2012 and onwards) ROV Support Vessel Petrobras (2011 and onwards) Selected Mooring projects Last 5 years Egina FPSO Hook-up (2018) Lam Son Mooring Replacement (2017) Bergading FPSO Pre-Tensioning (2017) Yinson OCTP FPSO Field Dev. ( ) Bongkot Mooring Replacement PTTEP (2017) Raroa Mooring OMV ( ) Gina Krog TMRS Teekay (2016) Catcher Mooring Installation BWO (2016) Goliat FPSO Marine Installation ENI ( ) Lam Son Mooring Installation PTSC (2014) 9
10 Long-term Chartering provides state-of-the-art vessels to leading players Skandi Acergy Skandi Acu Skandi Africa 8 vessels in operation 1 contracted newbuild NOK 11.8bn firm backlog per Q2 18 Construction support vessel Construction & pipe laying vessel Construction & pipe laying vessel Operations High-end vessels operating advanced subsea projects for third party EPCI contractors Skandi Niteroi Skandi Patagonia Skandi Vitoria Contracts Strong long-term contract coverage Construction & pipe laying vessel Dive support vessel Construction & pipe laying vessel Remuneration Day-rate based Skandi Buzios Skandi Recife Skandi Olinda Selected clients Construction & pipe laying vessel Construction & pipe laying vessel Construction & pipe laying vessel 10
11 Selected long-term contracts Feb 2019 Long-term FLNG IMR contract awarded in Australia with Shell 5 years + 4 years options IMR scope comprising project management, engineering, logistics, vessel and ROV services Utilising Skandi Darwin Long-term contract with Petrobras 8 years + 8 years options Vessel owned in joint venture with TechnipFMC Built in Brazil with 300t VLS Jun 2018 Aug 2018 Skandi Salvador Sep 2018 Skandi Achiever Skandi Olinda Long-term contract with Petrobras 8 years + 8 years options Vessel owned in joint venture with TechnipFMC Built in Brazil with 300t VLS Nov 2017 Prelude FLNG Skandi Recife Long-term contract with Petrobras in Brazil Vessel and ROV services Long-term DSV contract with Petrobras 3 years + 2 years options ROV and diving services Partnered up with diving partner in Brazil 11
12 2 nd quarter 2018
13 Q highlights The operating revenue for the quarter was NOK million 1), EBITDA was NOK 372 million 1) and overall vessel utilisation was 76%. Firm contract backlog as at 30 June 2018 was NOK 15.9 billion. In June the joint venture with TechnipFMC took delivery of the newbuild PLSV Skandi Recife and the vessel commenced on the 8-year charter contract with Petrobras. The Brazil region was awarded a 3-year firm contract with a 2-year option by Petrobras in Brazil for the provision of the DSV Skandi Achiever and ROV and diving services. was awarded a long-term time charter contract for Skandi Acergy, which will commence when the current contract expires. The Brazil region was awarded a long-term RSV contract for Skandi Salvador with Petrobras. The Atlantic region was awarded a contract extension for Skandi Seven with Eni. was awarded several short-term contracts in the Asia Pacific region and the Atlantic region securing utilisation of personnel and assets in the Subsea/IMR Projects segment. completed refinancing of two vessels and made a drawdown on the loan on Skandi Recife. 1) Note: Figures according to management reporting 13
14 NOK million EBITDA margin Quarterly performance 1) % 35% 30% 25% 20% 15% 10% 5% - Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Operating revenue EBITDA EBITDA margin 0% NOK million Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Operating revenue EBITDA EBITDA margin 27,7% 29,0% 24,8% 27,7% 26,2% 27,8% 31,4% 32,4% 30,7% 36,3% 28,4% 28,4% 33,4% 30,4% 31,5% 29,4% 30,9% Current assets Non-current assets Total assets Current liabilities Non-current liabilities Equity Total equity and liablilites ) Note: Figures according to management reporting, and excluding profit from sale of non-current assets 14
15 Condensed profit & loss 1) Profit & loss (NOK million) 2Q Q 2017 YTD 2018 YTD Operating revenue Payroll expenses Other operating expenses Share of net income of associates and joint ventures Profit from sale of non-current assets Operating profit before depreciation (EBITDA) Depreciation and impairment Operating profit (EBIT) Financial income Financial expenses Realised net gain / loss on derivative instruments and currency position Unrealised net gain / loss on derivative instruments and currency position Net financial income / loss Profit / loss beforetax Income tax expense Profit / loss for the period ) Note: Financial statement according to IFRS. Condensed financial statement according to management reporting is included in the Quarterly Financial Report 15
16 Condensed balance sheet 1) Assets (NOK million) Equity and liabilities (NOK million) Tangible assets Goodwill Deferred tax asset Investment in associates and joint ventures Non-current receivables Non-current assets Trade receivables Other current receivables Total current receivables Paid-in equity Other equity Non-controlling interests Total equity Bond loans Debt to credit institutions Financial non-current derivatives Other non-current liabilities Non-current liabilities Restricted cash Unrestricted cash and cash equivalents Cash and cash equivalents Current portion of debt Trade payables Other current liabilities Current liabilities Current assets Total liabilities Total assets Total equity and liabilities ) Note: Financial statement according to IFRS. Condensed financial statement according to management reporting is included in the Quarterly Financial Report 16
17 NOK million Debt maturity profile 1) Debt maturity profile, 2018E 2022E E 2019E 2020E 2021E 2022E Thereafter Bond Loan Bank Debt Balloons 1) Note: Figures according to management reporting and based on exchange rates as at end of Q2 18 The figures reflect amortisation and balloon payments on outstanding debt as at end of Q
18 NOK billion Backlog 1) As at 30 June 2018, the Group s firm contract backlog was NOK 15.9 billion 25,0 20,0 15,0 10,0 5,0 0, Thereafter Option Revenue 0,1 0,6 0,5 0,9 1,1 14,8 Firm Revenue 1,8 2,9 2,6 2,2 1,8 4,6 Firm Revenue Option Revenue 1) Note: Figures based on remaining backlog as at end of Q2 18 and exchange rates as at end of Q2 18 2) Note: Contract backlog excludes master service agreements (MSAs) within the Subsea/IMR Projects segment only confirmed POs are included in the backlog 18
19 Years Modern high-end fleet Year of delivery fleet 1) (number of vessels) 10,0 Fleet age 1) Newbuild ,0 8,0 7,0 6,0 Skandi Vinland, CSV built ,0 4,0 3, ,0 1,0 Skandi Buzios, PLSV built Average fleet age Value adjusted average fleet age Majority of the fleet is younger than 10 years Modern fleet with a value adjusted average fleet age of 6.3 1) years High-end vessels, capable of a wide scope of worldwide operations Skandi Recife, PLSV built ) Note: Excluding one newbuild under construction and chartered-in vessels, and figures as at end of Q
20 Thank you!
Quarterly Presentation Q DOF Subsea Group
Quarterly Presentation Q3 2018 Group Group at a glance 2005 established NOK 1.2bn 1) Revenues Q3 18 NOK 15.1bn Firm backlog Q3 18 1 322 2) Subsea employees worldwide Q3 18 Integrated Supplier of subsea
More informationQ4 Financial Presentation 2015 DOF ASA
Q4 Financial Presentation 2015 Highlights Main Highlights EBITDA Q4 MNOK 818 (operational EBITDA MNOK 814) EBITDA 2015 MNOK 3 719 (operational EBITDA MNOK 3 344) General good operational performance in
More informationPREPARING FOR THE RECOVERY
PREPARING FOR THE RECOVERY FINANCIAL REPORT Q3 2018 DOF Subsea AS Thormøhlens gate 53 C 5006 Bergen NORWAY www.dofsubsea.com Index Financial Report 3 rd quarter 2018... 4 Financial statements 3 rd quarter
More informationfinancial report Q4 2017
financial report Q4 2017 DOF Subsea AS Thormøhlens gate 53 C 5006 Bergen NORWAY www.dofsubsea.com Index Financial Report 4 th quarter 2017... 4 Financial statements 4 th quarter 2017... 8 Consolidated
More informationDOF ASA Swedbank 20 March 2014
DOF ASA Swedbank 20 March 2014 Agenda Highlights Overview Group Financials DOF Subsea update Outlook DOF ASA - Presentation 2014 Highlights so far in 2014 Positive start in the North Sea spot market, especially
More informationQ4 Financial Presentation 2013 DOF ASA
Q4 Financial Presentation 2013 DOF ASA Agenda Highlights Overview Group Financials DOF Subsea update Outlook DOF ASA - Q4 Presentation 2013 Highlights Q4 2013 All time high Q4 EBITDA MNOK 830 Operational
More informationQ DOF ASA Financial Report
Q4 2017 DOF ASA Financial Report Management reporting - accounts 4 th quarter 2017 RESULT (MNOK) Q4 2017 Q4 2016 2017 2016 Operating income 1 995 1 912 7 376 8 569 Operating expenses -1 379-1 319-5 076-5
More informationDOF Subsea Financial Report Q2 2013
DOF Subsea Financial Report Q2 2013 DOF Subsea AS Thormøhlens gate 53 C 5006 Bergen NORWAY www.dofsubsea.com Index Financial Report 2nd quarter 2013... 4 Accounts 2nd quarter 2013... 8 Group statement
More informationDOF ASA Q Mons S. Aase CEO. Hilde Drønen CFO
Q4 2011 Mons S. Aase CEO Hilde Drønen CFO Agenda Summary Recent highlights Overview Group Q4 Financials DOF Subsea update Outlook Skandi Skansen Presentation 2012-2 Summary Several new contracts in DOF
More informationQ1 Financial Presentation 2014 DOF ASA
Q1 Financial Presentation 2014 Highlights Highlights Q1 2014 Total Ebitda MNOK 960 and operational EBITDA MNOK 756 (MNOK 606) Lower subsea project activity in 1st quarter compared with previous quarter
More informationDOF ASA Q Presentation. DOF ASA Q Presentation - 1
DOF ASA Q3 2008 Presentation DOF ASA Q3 2008 Presentation - 1 CEO Mons Aase CFO Hilde Drønen Agenda Status DOFSUB Highlights Overview Q3 Financial DOF ASA Q3 2008 Presentation - 2 The FRC deal DOFSUB NOK
More informationDOF ASA FINANCIAL REPORT Q1 2016
DOF ASA FINANCIAL REPORT Q1 2016 Management reporting - accounts Q1 2016 RESULT (MNOK) Q1 2016 Q1 2015 2015 Operating income 2 182 2 521 10 809 Operating expenses -1 451-1 752-7 439 Net profit from associated
More informationDOF ASA Annual Report YEAR
2016 DOF ASA Annual Report YEAR 2016 DOF ASA ANNUAL REPORT 4 dof asa annual report 2016 DOF ASA Annual Report 2016 financial calendar & the vision the values Financial calendar 2017 Preliminary dates for
More informationPresentation of 3Q 2018 results. 07 November 2018
Presentation of 3Q 218 results 7 November 218 Company Status (reference to stock exchange release from 22 Oct 218) The Company sees signs of improvement in most markets, but market recovery is slow and
More informationSUBSEA 7 INC. REPORT FOR THE SECOND QUARTER AND HALF YEAR UNAUDITED. 27 July 2010
SUBSEA 7 INC. REPORT FOR THE SECOND QUARTER AND HALF YEAR 2010 - UNAUDITED 27 July 2010 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the second quarter and half year results for 2010. PERFORMANCE
More informationEarnings Presentation Second Quarter July :00 noon UK time
Earnings Presentation Second Quarter 2015 29 July 2015 12:00 noon UK time Forward-looking statements Certain statements made in this announcement may include forward-looking statements. These statements
More informationINTERIM REPORT Q3 2011
DOF ASA Q3 2011 Significant events Q3 Group income for Q3 totalled NOK 1,710 million (NOK 1,237 million), with an operating result before depreciation (EBITDA) of NOK 597 million (NOK 433 million). The
More information24 October 2006 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the results for the third quarter of 2006.
SUBSEA 7 INC. REPORT FOR THE THIRD QUARTER 2006 24 October 2006 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the results for the third quarter of 2006. PERFORMANCE SUMMARY Financial Results Quarter
More informationSUBSEA 7 INC. REPORT FOR THE THIRD QUARTER UNAUDITED. 26 October 2010
SUBSEA 7 INC. REPORT FOR THE THIRD QUARTER 2010 - UNAUDITED 26 October 2010 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the third quarter results for 2010. PERFORMANCE SUMMARY Quarter Highlights
More informationDOF INSTALLER ASA ANNUAL REPORT
DOF INSTALLER ASA ANNUAL REPORT 2017 Annual Report 2017 DOF INSTALLER ASA DIRECTORS REPORT (the Company) was founded in December 2006. Since its inception, the Company, has been a supplier of vessels for
More informationPresentation of Q results 9 May 2018
Presentation of Q1 218 results 9 May 218 Quarter highlights Challenging Q1 with seasonally low activity, reduced revenues and pressure on certain financial covenants Total freight income 1 was MNOK 931
More informationSubsea 7 Inc. Earnings Presentation Quarter Ended 30 September subsea partner of choice.
Subsea 7 Inc. Earnings Presentation Quarter Ended 3 September 21 1 Highlights Strong project execution in all regions Announced major contracts with a value in excess of USD 4 million during the quarter
More informationPresentation 4th Quarter Oslo CEO Jan Fredrik Meling
Presentation 4th Quarter 2016 Oslo 28.02.2017 CEO Jan Fredrik Meling News in 4th Quarter 2016 Entered into agreement with CGG to terminate contract for Viking Vision. Original contract expiry was July
More informationSUBSEA 7 INC. REPORT FOR THE FIRST QUARTER April 2009
SUBSEA 7 INC. REPORT FOR THE FIRST QUARTER 2009 21 April 2009 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports results for the first quarter of 2009. PERFORMANCE SUMMARY Quarter Highlights Good project
More informationSUBSEA 7 INC. THIRD QUARTER REPORT UNAUDITED. 27 October 2009
SUBSEA 7 INC. THIRD QUARTER REPORT 2009 - UNAUDITED 27 October 2009 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the results for the third quarter of 2009. PERFORMANCE SUMMARY Quarter Highlights
More informationFINANCIAL REPORT - 3rd Quarter DOF Installer ASA
FINANCIAL REPORT - 3rd Quarter 2012 DOF Installer ASA DOF Installer ASA Alfabygget N-5392 Storebø NORWAY Financial Report - 3rd Quarter 2012 INDEX: REPORT 3RD QUARTER 2012... 4 MAJOR EVENTS... 4 P&L AND
More informationDOF ASA Annual Report
DOF ASA Annual Report 2012 DOF ASA Annual Report 2012 To the world s energy innovators who push the boundaries for offshore resources in the roughest seas and in the deepest oceans, DOF Group s global
More informationEarnings Presentation Fourth Quarter and Full Year March :00 noon UK time
Earnings Presentation Fourth Quarter and Full Year 2013 5 March 2014 12:00 noon UK time Forward-looking statements Certain statements made in this announcement may include forward-looking statements. These
More informationSUBSEA 7 INC. REPORT FOR THE FOURTH QUARTER AND PRELIMINARY YEAR END RESULTS FOR UNAUDITED. 2 February 2010
SUBSEA 7 INC. REPORT FOR THE FOURTH QUARTER AND PRELIMINARY YEAR END RESULTS FOR 2009 - UNAUDITED 2 February 2010 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the fourth quarter and preliminary
More informationPresentation 2nd Quarter Bergen CFO Thor Krukhaug
Presentation 2nd Quarter 2018 Bergen 22.08.2018 CFO Thor Krukhaug Disclaimer This presentation has been produced by Eidesvik Offshore ASA (the "Company") based on information which is publicly available.
More informationPresentation of Farstad Shipping ASA
Norwegian Shipowners Association 30.08.16 Presentation of Farstad Shipping ASA Karl-Johan Bakken - CEO Olav Haugland - CFO Brief summary No of vessels in operation: 57 (29 AHTS, 22 PSV, 6 Subsea) No of
More informationBUILDING OUR SUBSEA FUTURE ANNUAL REPORT
BUILDING OUR SUBSEA FUTURE ANNUAL REPORT 2014 DOF SUBSEA ANNUAL REPORT 2014 DO F S u b s e a An n u a l Rep ort BU IL DIN G O U R S U B SEA FUTURE BUILDING OUR SUBSEA FUTURE our global footprint 9 BERGEN
More informationThird Quarter 2017 Earnings Presentation
Third Quarter 2017 Earnings Presentation 9 November 2017 1 Subsea 7-2017 Forward-looking statements Certain statements made in this presentation may include forward-looking statements. These statements
More informationThird Quarter November 2, 2011
Earnings Presentation Third Quarter 2011 November 2, 2011 12:00 200noon UK time Forward-looking statements Certain statements made in this announcement may include forward-looking statements within the
More informationPOSITIONED TO DELIVER DOF SUBSEA ANNUAL REPORT
POSITIONED TO DELIVER DOF SUBSEA ANNUAL REPORT 2013 A nnual Report DOF S ub s e a 2013 An n ual Re p ort D O F S u b s ea A GLOBAL FOOTPRINT 2 01 3 Execution of complex subsea operations, to depths of
More informationEMGS ASA FIRST QUARTER PRESENTATION 2012
EMGS ASA FIRST QUARTER PRESENTATION 2012 CEO, Roar Bekker CFO, Svein Knudsen Hotel Continental, 16 May 2012 DISCLAIMER This quarterly presentation includes and is based, inter alia, on forward-looking
More information2015 ANNUAL RESULTS. March 10, 2016
ANNUAL RESULTS March 10, 2016 BOURBON: ANNUAL RESULTS (restated ) Change millions Change % In million of euros Adjusted Revenues 1,437.1 1,421.1 +16.1 +1.1% Adjusted EBITDAR ex. cap. gain 547.7 509.6
More information2Q 2018 RESULT PRESENTATION
2Q 2018 RESULT PRESENTATION 15 August 2018 www.mermaid-group.com Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or
More informationTEEKAY OFFSHORE PARTNERS Q EARNINGS PRESENTATION
TEEKAY OFFSHORE PARTNERS Q1-2017 EARNINGS PRESENTATION May 18, 2017 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 21E of the Securities Exchange
More informationAll time high activity level for Reach Subsea with all ROV spreads in operation during the full third quarter.
3Q 2017 HIGHLIGHTS All time high activity level for Reach Subsea with all ROV spreads in operation during the full third quarter. 3Q2017 revenue was NOK 130.9 million compared with NOK 86.0 mill in 3Q2016.
More informationThird Quarter Results 2018
Akastor ASA Third Quarter Results 2018 Karl Erik Kjelstad (CEO) & Leif Borge (CFO) Fornebu 31 October 2018 Akastor 2018 Akastor Q3 2018 highlights Revenue EBITDA Net Capital Employed Net Interest Bearing
More informationBUMI ARMADA BERHAD. 3Q 2011 Results 21 st November Knots Ahead of the Rest
BUMI ARMADA BERHAD 3Q 2011 Results 21 st November 2011 Knots Ahead of the Rest Disclaimer This document may contain statements of future expectations and other forward-looking statements based on management
More informationFinancial Results For the Period Ending 30 June 2017
Financial Results For the Period Ending 30 June 2017 Investor Call, 17 August 2017 DISCLAIMER Any information in this presentation that is not a historical fact is a forward-looking statement. Such statements
More informationDeep Sea Supply PLC. Quarter Financial Report
Deep Sea Supply PLC Quarter 4 2016 Financial Report 1 Deep Sea Supply Plc 4Q 2016 Financial Report BOARD OF DIRECTORS REPORT Deep Sea Supply ( DESS or Company ) reports unaudited results for 4Q 2016. Highlights
More informationEarnings Presentation Fourth Quarter and Full Year March 2017
Earnings Presentation Fourth Quarter and Full Year 2016 2 March 2017 1 Forward-looking statements Certain statements made in this announcement may include forward-looking statements. These statements may
More informationPresentation of Q results August 23 rd
Presentation of Q2 218 results August 23 rd Quarter highlights 217 218 Revenues increased by MNOK 484 in Q2 218 vs Q1 218 Opex per day per active vessel reduced by approximately 8% compared to Q1 218 EBITDA
More informationQ Presentation
Q1 2015 Presentation Contents Highlights and material events Segment reporting Financial information Summary Page 2 Group Financial performance Q1 2015 highlights: Operating revenue of USD 240 million
More informationHavila Shipping ASA 1 st Quarter CEO Njål Sævik CFO Arne Johan Dale
Havila Shipping ASA 1 st Quarter 2015 CEO Njål Sævik CFO Arne Johan Dale 29.04.15 Highlights Spot market has been challenging February and March better than last year Havila vessel in good position on
More informationSeadrill Investor Presentation Pareto Securities Oil & Offshore Conference, Oslo 12 September 2018
Seadrill Investor Presentation Pareto Securities Oil & Offshore Conference, Oslo 12 September 2018 Disclaimer We have prepared this document solely for informational purposes. You should not definitively
More informationPareto Securities Oil and offshore Conference Oslo, September 2014 Presented by Atle Jacobsen (CEO)
Pareto Securities Oil and offshore Conference Oslo, 10-11 September 2014 Presented by Atle Jacobsen (CEO) Disclaimer This presentation includes and is based, inter alia, on forward-looking information
More informationTEEKAY TEEKAY CORPORATION Q EARNINGS PRESENTATION
TEEKAY TEEKAY CORPORATION Q3-2016 EARNINGS PRESENTATION November 4, 2016 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 21E of the Securities Exchange
More informationBW OFFSHORE LIMITED Condensed Interim Consolidated Financial Information FIRST QUARTER 2015
BW OFFSHORE LIMITED FIRST QUARTER 2015 KEY EVENTS Initiated recovery project for FPSO Cidade de São Mateus EBITDA of USD 93.2 million Contract extension for Polvo and BW Athena Sale of VLCC BW Opal Completed
More informationPresentation 1st Quarter Oslo CEO Jan Fredrik Meling
Presentation 1st Quarter 2018 Oslo 15.05.2018 CEO Jan Fredrik Meling Disclaimer This presentation has been produced by Eidesvik Offshore ASA (the "Company") based on information which is publicly available.
More informationOCEANTEAM SHIPPING ASA
OCEANTEAM SHIPPING ASA An Oslo Stock Exchange listed shipping company Ticker: OTS CEO: Haico Halbesma CFO: Torbjørn Skulstad Q3 presentation Oslo 14th November 2011 1 Agenda Company Overview Financials
More informationHavila Shipping ASA 2 nd Quarter 2014 accounts
Havila Shipping ASA 2 nd Quarter 2014 accounts CEO Njål Sævik CFO Arne Johan Dale 22.07.14 Highlights Second quarter income is not as expected Too many vessels joined the North Sea Spot Market Pre-tax
More informationEMGS THIRD QUARTER 2014.
EMGS THIRD QUARTER 2014. Highlights in the third quarter 2014 Operational highlights Contracts signed with Petrobras, Statoil, OMV (Norge) and Norske Shell Commenced 3D multi-client survey offshore Canada
More informationYEAR OF THE SHIPS DOF ASA
YEAR OF THE SHIPS Annual Report 2010 DOF ASA 30 years into the DOF story The DOF adventure started at Austevoll, Norway in 1981. DOF was founded with the aim to be a leading participant in the growing
More informationAcergy S.A. Announces Third Quarter Results
S.A. Announces Third Quarter Results London, England October 13, S.A. (NASDAQ-GS: ACGY; Oslo Stock Exchange: ACY), announced today results for the third quarter which ended on August 31,. Highlights -
More informationEarnings Presentation Second Quarter and Half Year August 10, :00 noon UK time
Earnings Presentation Second Quarter and Half Year 2011 August 10, 2011 12:00 noon UK time Forwardlooking statements Certain statements made in this announcement may include forwardlooking statements within
More informationFOR IMMEDIATE RELEASE 20 FEBRUARY 2018 PACC OFFSHORE SERVICES HOLDINGS LTD. MEDIA RELEASE
PACC OFFSHORE SERVICES HOLDINGS LTD. MEDIA RELEASE FY: REVENUE GROWTH DESPITE FURTHER IMPAIRMENTS TO GOODWILL AND FIXED ASSETS Q4 FY revenue up 71 on strong growth in Offshore Accommodation and Offshore
More informationDOF ASA Financial Report Q1 2013
Financial Report Q1 2013 Alfabygget 5392 Storebø NORWAY www.dof.no Index...4 Accounts Q1 2013...8 The Group s summarized profit and loss account...8 Comprehensive statement...8 The Group s summarized balance
More informationHavila Shipping ASA 3 rd Quarter CEO Njål Sævik CFO Arne Johan Dale
Havila Shipping ASA 3 rd Quarter 2015 CEO Njål Sævik CFO Arne Johan Dale 21.10.15 Highlights Havila Troll extended for one year with Statoil Decided lay up of two AHTS vessels Havila Mars Havila Neptune
More informationOCEANTEAM SHIPPING ASA
OCEANTEAM SHIPPING ASA Ticker: OTS CEO: Haico Halbesma CFO: Torbjørn Skulstad An Oslo Stock Exchange listed shipping company Q4 presentation Oslo 16th February 2012 1 Agenda Company Overview Financials
More informationAKASTOR SECOND QUARTER AND HALF YEAR RESULTS Other Holdings
Q2 AKASTOR SECOND QUARTER AND HALF YEAR RESULTS 2016 Other Holdings HIGHLIGHTS Weak market conditions continue across portfolio, but with more stable revenues in the quarter Net debt at NOK 5 427 million,
More informationSecond Quarter 2017 Earnings Presentation
Second Quarter 2017 Earnings Presentation 26 July 2017 1 Subsea 7-2017 Forward-looking statements Certain statements made in this presentation may include forward-looking statements. These statements may
More informationHavila Shipping ASA Presentation 4th Quarter 2006 Preliminary results 2006 »news»results»company»fleet»market
Havila Shipping ASA Presentation 4th Quarter 2006 Preliminary results 2006»news»results»company»fleet»market Latest news 23/2-06: Purchase of parts in Havila Saturn Havila Shipping ASA has purchased a
More informationBIBBY OFFSHORE HOLDINGS LIMITED
Company Registration No. 07188049 BIBBY OFFSHORE HOLDINGS LIMITED Report and Condensed Financial Statements for the period ended 2015 Report and Condensed Financial Statements Page Management report 1
More informationMODEC, Inc Half-Year Financial Results Analysts Presentation. August 4, 2017
MODEC, Inc. 217 Half-Year Financial Results Analysts Presentation August 4, 217 MODEC, Inc. 217 Half-Year Financial Results Highlight Market Review & Outlook Financial Results 2 217 Half-Year : Highlight
More informationOFFSHORE PARTNERS Q EARNINGS PRESENTATION
TEEKAY TEEKAY OFFSHORE PARTNERS Q1-2015 EARNINGS PRESENTATION May 15, 2015 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 21E of the Securities
More informationTopaz Energy and Marine
Topaz Energy and Marine Financial results for the quarter ended 31 st March 2018 Q1 2018 Revenues Increase 14% to $66 million Dubai, UAE, Wednesday 30 th May 2018: Topaz Energy and Marine ( Topaz ), a
More informationTopaz Energy and Marine
Topaz Energy and Marine Financial results for the six months ended 30 Half Year Revenue of US $116 million; Robust EBITDA margin of 50% Dubai, UAE, Thursday 17 th August : Topaz Energy and Marine ( Topaz
More informationPACC OFFSHORE SERVICES HOLDINGS LTD. MEDIA RELEASE Q3 FY2017: LOWER LOSSES, GENERATED POSITIVE CASH FLOW
PACC OFFSHORE SERVICES HOLDINGS LTD. MEDIA RELEASE Q3 FY: LOWER LOSSES, GENERATED POSITIVE CASH FLOW Q3 FY revenue up 27 YoY to US$52.8 million; net loss attributable to shareholders narrows by 25 to US$9.8
More informationMagseis ASA Q th August Expanding operational footprint
Magseis ASA Q2 2018 16 th August 2018 Expanding operational footprint Disclaimer This presentation (the Presentation") has been prepared by Magseis ASA (the Company or Magseis ). The Presentation contains
More information1Q 2018 Fornebu, April 27, 2018 Luis Araujo and Svein Stoknes
1Q 2018 Fornebu, April 27, 2018 Luis Araujo and Svein Stoknes Agenda 1Q 2018 Answers Questions Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A Session
More informationAnnual General Meeting. 27 April 2018
Annual General Meeting 27 April 2018 Agenda 1 Year in Review 2 Financial Highlights 3 Business Outlook & Strategy Year in Review Rising Up To Challenges POSH REMAINS DIFFERENTIATED Persistent vessel oversupply
More informationSubsea 7 S.A. Announces First Quarter 2016 Results
Subsea 7 S.A. Announces First Quarter 2016 Results Luxembourg 28 April 2016 Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY) announced today results for the first quarter which ended 31 March 2016.
More informationSIEM OFFSHORE INC. REPORT FOR THE FIRST HALF 2008 FINANCIALS
SIEM OFFSHORE INC. REPORT FOR THE FIRST HALF 2008 24 July 2008 Siem Offshore Inc. (Oslo Stock Exchange: SIOFF) reports results for the six months and quarter ended 30 June 2008. FINANCIALS Results for
More informationThird Quarter Presentation 2017
Third Quarter Presentation 2017 9 November 2017 Agenda Highlights Financials Operational review/strategy Market update and prospects Highlights Highlights The challenging market for chemical tankers continued
More informationFirst Quarter 2016 Results. May 11, 2016
First Quarter 2016 Results May 11, 2016 Notice to Recipients This presentation is not a prospectus and is not an offer to sell, nor a solicitation of an offer to buy, securities. Except for the historical
More informationInstaller. FINANCIAL REPORT - Q DOF Installer ASA
Installer FINANCIAL REPORT - Q1 2012 DOF Installer ASA Financial Report - Q1 2012 DOF Installer ASA INDEX: Report 1st Quarter 2012 Major Events 1st Quarter P&L And Balance Sheet Shareholders Market Outlook
More informationo1 OCEANTEAM SHIPPING ASA Q1 2012
o1 OCEANTEAM SHIPPING ASA Q1 2012 INTERIM REPORT 1 st QUARTER 2012 OCEANTEAM SHIPPING ASA o2 OCEANTEAM SHIPPING ASA Q1 2012 OCEANTEAM SHIPPING ASA Q1 2012 INTERIM REPORT Issue date 24 th May 2012 Ready
More informationInvestor Presentation
Investor Presentation SECOND QUARTER 2018 KCA Deutag is a leadinginternational drilling and engineering company working onshore and offshore with a focus on safety, quality and operational performance
More informationProspectus. Registration document DOF ASA. Listing on Oslo Børs. Manager. 26 November 2010
Prospectus Registration document DOF ASA (a public limited liability company organized under the laws of the Kingdom of Norway) Business Registration number 935 349 230. Listing on Oslo Børs Manager 26
More informationAgenda. CGGVeritas - Overview. Sercel & Services Detail. H Update. Outlook and Perspectives
Agenda CGGVeritas - Overview Sercel & Services Detail H1 2009 Update Outlook and Perspectives 2 CGGVeritas: A Full Range of Activities H1 2009 Sales: $1.6bn; EBITDAs: $0.5bn Equipment Services Sercel Marine
More informationDOLPHIN GROUP A NEW MARINE GEOPHYSICAL COMPANY. COMPANY PRESENTATION SEB EnskildaNordic Seminar 7-9 January 2013 BY: ATLE JACOBSEN, CEO
DOLPHIN GROUP A NEW MARINE GEOPHYSICAL COMPANY COMPANY PRESENTATION SEB EnskildaNordic Seminar 7-9 January 2013 BY: ATLE JACOBSEN, CEO Disclaimer This presentation includes and is based, inter alia, on
More informationExmar CPS Conference January 2019 London
Exmar CPS Conference January 2019 London 2 DISCLAIMER About this presentation This presentation (the Presentation ) has been produced by EXMAR NV ( EXMAR or the Company ). By attending a meeting where
More informationUNAUDITED FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT FOR THE FOURTH QUARTER AND THE YEAR ENDED 31 DECEMBER 2017
Registration Number: 200603185Z Introduction PACC Offshore Services Holdings Ltd. ("POSH") is one of Asia s largest operators of offshore support vessels, with a diversified fleet servicing offshore oil
More informationThird Quarter 2018 Earnings Presentation
Third Quarter 2018 Earnings Presentation 8 November 2018 1 Subsea 7-2018 Forward-looking statements Certain statements made in this presentation may include forward-looking statements. These statements
More informationSTX OSV Holdings Limited 3Q 2010 Results Presentation. 26 November 2010
STX OSV Holdings Limited 3Q 2010 Results Presentation 26 November 2010 1 Disclaimer This presentation should be read in conjunction with STX OSV Holdings Limited s results for the period ended 30 September
More informationo1 OCEANTEAM SHIPPING ASA Q2 2012
o1 OCEANTEAM SHIPPING ASA Q2 2012 INTERIM REPORT 2 nd QUARTER 2012 OCEANTEAM SHIPPING ASA o2 OCEANTEAM SHIPPING ASA Q2 2012 OCEANTEAM SHIPPING ASA Q2 2012 INTERIM REPORT Issue date 23 rd august 2012 TWO
More information` ` PACC Offshore Services Holdings Ltd.
` ` PACC Offshore Services Holdings Ltd. Results Presentation Q4 & FY17 Results 20 February 2018 1 Agenda Page 1. Industry Outlook and Key Highlights 3 2. Financial Highlights 5 3. Business Strategy 17
More informationPresentation 2nd Quarter Oslo CEO Jan Fredrik Meling
Presentation 2nd Quarter 2016 Oslo 25.08.2016 CEO Jan Fredrik Meling News in 2nd Quarter 2016 Counterparty for the subsea vessel «Viking Poseidon» contract, Harkand Gulf Contracting Limited, is set under
More informationFor personal use only
MMA Offshore Limited 2016 Financial Year Results Presentation 25 August 2016 Disclaimer This document contains general background information about the activities of MMA Offshore Limited (MMA) current
More information2009 FULL-YEAR FINANCIAL RESULTS ANALYST PRESENTATION MARCH 3, 2010
29 FULL-YEAR FINANCIAL RESULTS ANALYST PRESENTATION MARCH 3, 21 AGENDA I. 29 HIGHLIGHTS................................................. 3 II. MARKET REVIEW & PROSPECTS....................................
More informationKNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2017
Highlights KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, For the three months ended, KNOT Offshore Partners LP ( KNOT Offshore Partners or the Partnership
More informationFOURTH QUARTER Highlights. Operations
FOURTH QUARTER 2017 EBITDA for the fourth quarter amounted to USD 40.1 million (USD 78 million). This decline is mainly due to lower utilisation of the vessels. Cash flow from operations was USD 44.2 million
More informationFirst Quarter 2017 Results. May 17, 2017
First Quarter 2017 Results May 17, 2017 Notice to Recipients This presentation is not a prospectus and is not an offer to sell, nor a solicitation of an offer to buy, securities. This presentation contains
More informationFinancial Results for the Period Ended 30 September Investor Call, 30 October 2018
Financial Results for the Period Ended 30 September 2018 Investor Call, 30 October 2018 Q3 2018 RESULTS HIGHLIGHTS Growth across the business Strong cash flow generation and increased profitability Q3
More informationFor personal use only
Mermaid Marine Australia Ltd Acquisition of Jaya and Equity Offer 25 February 2014 Important Notice and Disclaimer This investor presentation ("Presentation") has been prepared by Mermaid Marine Australia
More informationFinancial Results for the Period Ended 31 December Investor Call, 25 March 2019
Financial Results for the Period Ended 31 December 2018 Investor Call, 25 March 2019 FY 2018 RESULTS HIGHLIGHTS Strong operating performance across all regions and multiple significant contract awards
More information