Aqualis Offshore Holding ASA (to be renamed Aqualis ASA) Company presentation 13 August 2013
|
|
- Spencer Merritt
- 6 years ago
- Views:
Transcription
1 Aqualis Offshore Holding ASA (to be renamed Aqualis ASA) Company presentation 13 August 2013
2 Agenda 1. Introduction 2. Our business a) Aqualis Offshore Ltd b) Tristein AS c) Offshore Wind Consultants Ltd d) Combined group 3. Financials Appendix 2
3 Company development last nine years Nov 2013 Jul 2014 Aug 2014 Acquisitions: Nov 2013 Jun 2014 Apr 2014 Aug 2014 Listed on Oslo Stock Exchange ASA ASA Spin-off: Listed on Oslo Stock Exchange Aqualis Offshore Holding ASA ASA 3
4 Aqualis Offshore Holding ASA Marine & engineering consultancy services Aqualis Offshore Holding ASA (to be renamed Aqualis ASA) Aqualis Offshore Ltd Tristein AS Offshore Wind Consultants Ltd Established in 2012 by Ferncliff and Strata M&O Specialised offshore, marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry worldwide Established in 2007 Acquired by Aqualis ASA in April 2014 Innovative wide range provider of offshore marine operational services and offshore installation contractor Established in 2011 Acquired by Aqualis ASA in June 2014 A globally focused specialised consultancy providing independent services to the offshore renewables industry 41% of 2013 pro forma revenues 51% of 2013 pro forma revenues 8% of 2013 pro forma revenues 4
5 Executive Management David Wells, CEO. Master Mariner Has more than 30 years experience in the offshore sector with particular focus on offshore operations, MWS and marine consultancy. Specialist on jack up operations, location approvals and all aspects of rig moving. More recently involved in senior management duties. Dr Bader Diab PhD, Director Engineering and North America Structural and Global Performance Engineer. 25 years offshore engineering global experience covering both shallow and deep water sectors with extensive structural design experience of MODUs, mooring systems, motions, installation engineering and familiarity with shipyards. Based in Houston. Dr Andrew Theophanatos PhD, Director South Americas Naval Architect with over 30 years experience in offshore engineering and project management around the world and latterly in Brazil. Specialises on offshore engineering projects in both consultancy and MWS capacities for services related to all recent deepwater field development projects. Santosh George, Group QHSE Manager Specialist QHSE consultant and auditor with extensive risk analysis experience covering shipyards and offshore assets together with implementation of Group Management systems and ISO accreditations. Based in UAE. Torbjørn Rogde, Managing Director, Tristein AS Extensive background from the navy from 1986 to Experience includes AMOS Academy and Grieg Logistics. Before joining Tristein AS, he was running his private company, supporting development of HSEQ systems and conducting management and leadership training for seafarers. Christian Opsahl, CFO Extensive international finance, investment banking and private equity experience within the global financial markets, together with industrial experience from companies servicing the offshore oil and gas markets. Based in Norway. Phil Lenox, Director Asia Pacific. Structural Engineer Over 40 years of onshore/offshore experience with both contractors and consultancies including conceptual design, detailed structural analysis and design through to construction and installation. Specialises transportation and installation projects including Reuben Segal, Director Middle East. Naval Architect 19 years experience in the offshore and shipping sectors covering both engineering design and ship surveying. Extensive recent global business development experience with focus on Design and Construction of offshore oil and gas assets. Bjørn Havard Brenden, M.Sc., Director Norway Naval Architect and Marine Engineer with 20 years experience in engineering design and as project manager for projects involving ships, semi submersibles, offshore service vessel, tankers and conversions to FSU/FPSO including offshore construction and installation experience. Based in Norway. Ian Bonnon, Group Renewables Director Over 30 years experience in the offshore wind, oil and gas, marine and subsea cable industries. Specialist in provision of consultancy services to offshore wind farm developers and investors for full life cycle scopes of work. Ian is a Chartered Civil Engineer and is based in London 5
6 Agenda 1. Introduction 2. Our business a) Aqualis Offshore Ltd b) Tristein AS c) Offshore Wind Consultants Ltd d) Combined group 3. Financials Appendix 6
7 Aqualis Offshore Ltd specialised offshore marine and consultancy services Key information Established in 2012 Provider of specialist marine and engineering consultancy, primarily to the offshore oil and gas sector and renewables industry Head office in London, operating as a global entity Integrated marine and engineering staff consists of carefully selected industry specialists with long track record Global footprint 13 offices in 9 countries Approx. 150 employees Service offering Engineering Marine Warranty Services Transportation and Installation Construction Supervision Services Rig Moving Marine Consultancy Dynamic Positioning Services Due Diligence Services 7 Engineering
8 Service sectors Service sectors Offshore projects Mobile offshore jack up units Floaters: Semisubs / drill ships / tender barges FPSOs / FSOs Fixed platforms Construction & support vessels Dynamic Poitionning Transport and installation Renewables Investment Market Pipelines 8
9 Offshore operations: key for all business lines «Doing» derivative Jack up engineering (basic design, upgrade and conversion) FPSO marine engineering Construction supervision Engineering design and consultancy Key staff provision Offshore Operations Moving of rigs Offshore Construction Projects Transportation & installation Marine Warranty Services (MWS) FPSO engineering and installation Towages «Observing» derivative Technical Due diligence DP FMEAs and audits Vessel inspections and surveys Marine and engineering approvals Site assessments Engineering reviews / verifications Marine consultancy 9
10 Aqualis Offshore services Complete life-cycle involvement with offshore assets Marine project / asset life cycle Project initiation Engineering / design phase Project procurement Construction Hook-up and commissioning Asset management Decommissioning Engineering (niche-focus): Construction yard supervision: Marine operations: Inspection & approvals: Basic / conceptual design / FEED Modifications and upgrades of drilling rigs / FPSOs / FSOs / liftboats Transportation & installation analysis Site attendance on behalf of owners, shipyards, financial institutions, 3 rd parties New-builds + conversions & upgrades Due diligence / compliancy; financial community focus Transport and installation services; moving of offshore assets Rig moving Float-overs Site attendance & procedure management Marine warranty services Mooring analysis Condition and suitability surveys / audits DP inspections and audits Jack-up site assessments Aqualis key competencies are conjointly exposed to both offshore opex and capex cycles 10
11 Selected clients NOCs / IOCs: Offshore cont. / shipyards: Rig / vessel owners: Underwriters / financial inst.: 11
12 Global presence covering all major oil regions OSLO/SANDEFJORD LONDON HOUSTON MEXICO DAMMAM MANAMA DUBAI ABU DHABI SHANGHAI SINGAPORE RIO DE JANEIRO Current locations 12
13 Agenda 1. Introduction 2. Our business a) Aqualis Offshore Ltd b) Tristein AS c) Offshore Wind Consultants Ltd d) Combined group 3. Financials Appendix 13
14 Tristein an experienced operator Highly respected player on the Norwegian continental shelf (NCS) Founded in 2007, commenced operations in 2008 by six former sea captains with background from the oil & gas industry innovative wide range provider of offshore marine operational services and offshore installation contractor Strong position within both offshore oil and gas and renewables, reflected in several long-term client relationships and frame agreements Combined competence of Tristein and Aqualis Offshore = stronger service offering to customers on the NCS and abroad Offers highly demanded competence, built on experienced personnel with background from the shipping and offshore industry 14
15 Tristein business areas Marine Operations & Logistics Engineering & Survey Renewable Energy Marine operations Rig moves Towing operations Offshore heavy lift DP services Subsea Pipe Laying & Removal FPSO & Mooring Services Base Management & Logistic Services «High and heavy» handling Engineering Transport / seafastening design Technical analysis / verification Development of installation methods Survey Operational vessel surveys Compliance audits and verifications DP trials Insurance Condition Survey P & I co-insurers cargo inspections Offshore Wind HVDC Platform Tow & Installation Advisory and management support to developers Foundation and MODU handling & installation Feasibility studies Concept design Method statements Base management 88 % of 2013 revenues 10 % of 2013 revenues 2 % of 2013 revenues 15
16 Tristein global services Service clients across the global oil and gas regions Solid experience from harsh North Sea environment = capability to handle projects in any region Geographical expansion plans through leveraging solid track record among major global clients Current core focus area Growth regions 16
17 Tristein selected clients 17
18 Agenda 1. Introduction 2. Our business a) Aqualis Offshore Ltd b) Tristein AS c) Offshore Wind Consultants Ltd d) Combined group 3. Financials Appendix 18
19 Offshore Wind Consultants Incorporated in November 2011 Based in London, England Currently nine staff, of which five full-time employees Globally focused specialised consultancy providing independent services to offshore renewables industry Recognised as one of the leading service providers of consultancy services for offshore wind projects Will provide access to the offshore wind and renewables industry, in addition to enhance the overall service offering 19 Service offering Consultancy Services Due Diligence Project Management Support Services Engineering Services Expert Witness
20 Offshore Wind Consultants - Clients Vattenfall East Anglia Offshore Wind Gwynt y Mor Offshore Wind Limited RWE Innogy GmbH Galloper Offshore Wind Limited Trianel GmbH Mainstream Renewable Power Limited GL Group Iberdrola Renewables ScottishPower SNC Lavalin Capital 20
21 Agenda 1. Introduction 2. Our business a) Aqualis Offshore Ltd b) Tristein AS c) Offshore Wind Consultants Ltd d) Combined group 3. Financials Appendix 21
22 The combined group Strengthened position in a growing market space Enhanced services through sharing of knowledge, resources and expertise Stronger foothold in the offshore wind industry Ticker: AQUA Utilisation of the group s global network 22
23 Key drivers for Aqualis Offshore Holding ASA Offshore oil and gas sector currently resource challenged relying on external consultants Growing amount of smaller, independent companies with lean organizations need to outsource specialized services such as engineering design and operational support services Each project requires an increasing number of roles asset owner representative, oil company representative, creditor representative, insurers representative, etc. One party doing the work, several parties observing Increasing safety regulations in all parts of the E&P value chain enhances need for 3rd party verifications Increasing focus on risk management from owners, customers, lenders and insurers following costly delays and accidents (Macondo, Yme etc) Underlying jack-up market is growing, offering increased shipyard and operational opportunities. Current backlog is 141 units (source: Carnegie Research), of which 85 new rigs to be delivered by end of 2015 Engineering opportunities to upgrade and modify aging jack-up fleet for new offshore roles e.g. MOPU s and accommodation units Increased emphasis on sustainable energy sources strong growth in the European offshore wind industry 23
24 Recent contract wins & order book development June/July 2014: Aqualis Offshore awarded several new marine and engineering contracts with total value of approx. USD 6.3m, including: July: Marine Warranty Services contract for jack up rig moving offshore India from ONGC Engineering associated with phase 1 of the conversion of two jack-up drilling rigs into MOPUs from Mercator Lines Construction monitoring project for a CJ-50 design jack-up rig in CMHI Yard, China, for Hoidi International June: Jack-up rig reactivation and rig move contract in Gulf of Mexico from Mercator Lines Marine call out contract from Total ABK in Abu Dhabi Numerous smaller contracts valued at approx. USD 100k each Order backlog per 30 th June 2014: approx. USD 19m, of which approximately 50% will be completed in 2015 onwards Current portfolio of frame agreements worth about USD 7-10m p.a. mainly dependent on number of marine operations (e.g. rig moving) by each client 24
25 Agenda 1. Introduction 2. Our business a) Aqualis Offshore Ltd b) Tristein AS c) Offshore Wind Consultants Ltd d) Combined group 3. Financials Appendix 25
26 Recruitment - rapidly expanding service organization Number of employees 150 5x Notes: (1) Numbers include contractors on 100% utilization equivalent basis, both for Aqualis, Tristein and OWC (2) Tristein AS consolidated in official accounts from May 2014; OWC Ltd from July Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 OWC pro forma figures Tristein pro forma figures
27 Revenues monthly development USD thousands Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 OWC pro forma figures Tristein pro forma figures Note: (1) Tristein AS consolidated in official accounts from May 2014; OWC Ltd from July
28 EBITDA monthly development USD thousands Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 OWC pro forma figures Tristein pro forma figures Note: (1) Tristein AS consolidated in official accounts from May 2014; OWC Ltd from July
29 Strong financial position Unaudited pro forma USD thousands Non-current liabilities Current liabilities No interest-bearing debt 92% equity ratio Equity Cash Current assets ex. Cash* Strong liquidity position: USD 14.6m in cash USD 9.2m (NOK 55m) in short term receivable* Total cash & cash equivalents: USD 23.8m Non-current assets *Includes NOK 55m receivable from Aqualis ASA to be paid in cash on 15 August Converted to USD with exchange rate as per 31 March 2014 (0.167) 29
30 Agenda 1. Introduction 2. Our business a) Aqualis Offshore Ltd b) Tristein AS c) Offshore Wind Consultants Ltd d) Combined group 3. Financials 4. Appendix 30
31 Corporate structure Aqualis Offshore Holding ASA (to be renamed Aqualis ASA) 100% Aqualis Offshore Ltd 100% 100% Tristein AS Offshore Wind Consultants Ltd (London, UK) (Oslo, Norway) (London, UK) 100% 100% 100% 100% Aqualis Offshore UK Ltd (London, UK) Aqualis Offshore Serviçõs Ltda (Rio de Janeiro, Brazil) Aqualis Offshore AS (Sandefjord, Norway) Aqualis Offshore Marine Consulting Co., Ltd. (Shanghai, China) 100% 49%** 100% 100% Aqualis Offshore Pte Ltd (Singapore) Aqualis Offshore Marine Services LLC (Dubai,UAE) Aqualis Offshore Inc (Houston, USA) Aqualis Offshore S. de R.L. de C.V. (Mexico City, Mexico) **The company is 100% controlled by Aqualis Offshore % 100% 49%** Aqualis Dammam, KSA* Aqualis Manama, Bahrain* * In KSA / Bahrain, Aqualis operates through agency agreement with AET Aqualis Offshore Marine Consulting LLC (Abu Dhabi, UAE)
32 Pro forma financials Aqualis Offshore Pro forma statement of comprehensive income USD 1,000 Unaudited Pro forma Q Unaudited Pro forma 2013 Revenue Other income - - Total operating income Payroll and payroll related costs (4 206) (9 604) Depreciation, amortization and impairment (200) (303) Other operating costs (2 533) (7 714) Total operating expenses (6 939) (17 621) Operating profit / loss (EBIT) (615) (2 626) Finance income Finance costs (45) (137) Loss before tax (575) (2 586) Pro forma balance sheet Unaudited Pro forma USD 1, Equipment 467 Intangible assets Deferred tax assets 88 Investments in associated companies 35 Total non-current assets Trade receivables Other receivables* Funds 206 Cash and cash equivalents Total current assets TOTAL ASSETS Share capital 721 Share premium Other paid in capital 981 Retained earnings (1 305) TOTAL EQUITY Deferred tax liabilities 374 Other long-term liabilities 261 Total non-current liabilities 635 Income tax expense (19) (28) Profit / (Loss) for the period (556) (2 557) *Includes NOK 55m receivable from Aqualis ASA to be paid in cash on 15 August Trade payables 680 Taxes payable 134 Other current liabilities Total current liabilities TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES
33 Thank you
Aqualis ASA THIRD QUARTER RESULTS Oslo, 27 October aqualis.no
Aqualis ASA THIRD QUARTER RESULTS 2015 Oslo, 27 October 2015 aqualis.no Disclaimer This Presentation has been produced by Aqualis ASA (the Company or Aqualis ) solely for use at the presentation to investors
More informationAqualis ASA COMPANY PRESENTATION. January aqualis.no
Aqualis ASA COMPANY PRESENTATION January 2014 aqualis.no Disclaimer This Presentation has been produced by Aqualis ASA (the Company or Aqualis ) solely for use at the presentation to investors and other
More informationHIGHLIGHT AND KEY FIGURES Q4 2015
Interim report Q4 2015 HIGHLIGHT AND KEY FIGURES Q4 2015 HIGHLIGHTS Completion of the acquisition of 49.9% ownership in ADLER Solar Revenues of USD 8.8 million in Q4 2015 vs USD 10.6 million in Q4 2014
More informationShelf Drilling Q Results Highlights. March 2019
March 2019 Disclaimer This presentation (the "Presentation") has been prepared by Shelf Drilling, Ltd. ("Shelf Drilling" or the "Company") exclusively for information purposes and may not be reproduced
More informationMillennium Offshore Services. Second Quarter 2013 Results Conference Call August 29, 2013
Millennium Offshore Services Superholdings, LLC Second Quarter 2013 Results Conference Call August 29, 2013 1 Disclaimer & Safe Harbor Statement This presentation may contain forward looking statements
More informationAQUALIS ASA ANNUAL REPORT
AQUALIS ASA ANNUAL REPORT 2015 3 THIS IS AQUALIS 3 Key Financial Figures 4 Letter from the Chairman 8 Offshore Oil & Gas 14 Renewables 18 Members of the Board 19 The Executive Management 20 The Senior
More informationPACC Offshore Services Holdings Ltd. Results Presentation Q2 & 1H FY15 Results
PACC Offshore Services Holdings Ltd. Results Presentation Q2 & 1H FY15 Results 1 Agenda 1. Financial Highlights 2. Capex plan & fleet program 3. Updates 4. Q & A 2 Key Highlights Push into Offshore Accommodation
More informationPareto Securities Oil & Offshore Conference
Pareto Securities Oil & Offshore Conference September 2-3, 2015 Oslo, Norway www.paragonoffshore.com Safe Harbor Statement This material contains statements that are forward looking statements about Paragon
More informationPACC Offshore Services Holdings Ltd. Results Presentation Q3 & 9M FY15 Results
PACC Offshore Services Holdings Ltd. Results Presentation Q3 & 9M FY15 Results 1 Agenda 1. Financial Highlights 2. CAPEX plan & fleet optimisation programme 3. Updates 4. Q & A 2 Key Highlights Focus on
More informationOslo, 10 September Pareto Securities Oil and Offshore Conference Karl Ronny Klungtvedt, Exec. VP & CFO
Oslo, 10 September 2008 Pareto Securities Oil and Offshore Conference Karl Ronny Klungtvedt, Exec. VP & CFO 2 Disclaimer All statements in this presentation other than statements of historical fact are
More informationBOURBON Full Year 2013: Net Income Group share up 174% to 115 million Increased operating margin
BOURBON Full Year 2013: Net Income Group share up 174% to 115 million Increased operating margin 1 and capital gains generated 575.7 million EBITDA, up 41.7% compared to Paris, March 5, 2014 EBITDAR 2
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 informationInvestor Presentation March 2018
Investor Presentation March 2018 INTRODUCTION TO ADES ADES at a Glance Who We Are Leading MENAbased O&G Service Provider A leading oil & gas drilling and production services provider in the Middle East
More informationNordic Energy Summit. Oslo, 18 March August 2013
Nordic Energy Summit Oslo, 18 March 2014 26 August 2013 Disclaimer This presentation (the Presentation ) has been produced by Songa Offshore SE ("Songa" or the "Company") exclusively for information purposes.
More informationSECOND QUARTER AND FIRST HALF REPORT Financials. New builds and projects
SECOND QUARTER AND FIRST HALF REPORT 2014 Financials (Figures in brackets refer to the corresponding period of 2013) Second quarter Utilisation of the vessel fleet was 84 per cent (84 per cent) in the
More informationQuarterly 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 informationPresentation at Swedbank s Nordic Energy Summit - 20 March Atle Sæbø EVP & CFO
Presentation at Swedbank s Nordic Energy Summit - 20 March 2014 Atle Sæbø EVP & CFO Our people Our assets Our clients ~3,100 employees worldwide Modern and high capability assets Long term relationships
More informationRogaland på Børs, Stavanger. CFO Esa Ikaheimonen September 7 th, 2011
Rogaland på Børs, Stavanger CFO Esa Ikaheimonen September 7 th, 2011 Contents Seadrill Company update Market outlook Value creation North Atlantic Drilling Company update Market outlook Value creation
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 informationAqualis Offshore Holding ASA
Aqualis Offshore Holding ASA (A public limited liability company organised under the laws of Norway) Org.no. 913 757 424 Listing of 43,190,544 shares in Aqualis Offshore Holding ASA (the Shares ) on the
More informationShelf Drilling Presentation. DnB Conference Oslo
Shelf Drilling Presentation DnB Conference Oslo March 2019 Disclaimer This presentation (the "Presentation") has been prepared by Shelf Drilling, Ltd. ("Shelf Drilling" or the "Company") exclusively for
More informationOslo, 6th March DnB NOR Markets Offshore Management Access Conference Karl Ronny Klungtvedt, Exec. Vice President & CFO
Oslo, 6th March 2008 DnB NOR Markets Offshore Management Access Conference Karl Ronny Klungtvedt, Exec. Vice President & CFO 2 Disclaimer All statements in this presentation other than statements of historical
More informationDNB's Oil, Offshore & Shipping conference. Oslo, 1 st of March 2017
DNB's Oil, Offshore & Shipping conference Oslo, 1 st of March 2017 Disclaimer This presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More informationPACC Offshore Services Holdings Ltd. Corporate Overview SGX-Goldman Marine Oil & Gas Corporate Day 3 March 2017
PACC Offshore Services Holdings Ltd. Corporate Overview SGX-Goldman Marine Oil & Gas Corporate Day 3 March 2017 Overview 1. About POSH 2. Our Competitive Strengths 3. Our Fleet 4. Q4 and FY 2016 Financial
More informationConference call Q results May 27, 2011
Conference call Q1 2011 results May 27, 2011 Contents Highlights 1Q 2011 1Q 2011 accounts Newbuild orders Market view Fleet status Dividend policy Summary 2 Highlights First quarter 2011 EBITDA of US$573m
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 informationTHIRD QUARTER RESULTS 2015
AKASTOR ASA THIRD QUARTER RESULTS 2015 3Q Highlights EBITDA of NOK -169 million - EBITDA of NOK 177 million when adjusted for special items - Special items of NOK 346 million charged to EBITDA; mainly
More information6 December Company presentation
6 December 2017 Company presentation Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties,
More informationTeekay Offshore Partners Investor Day Presentation. June 18, 2012
Teekay Offshore Partners Investor Day Presentation June 18, 2012 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act
More informationContents. Company overview. Market outlook. Contract status. Operations. Summary. Attachments
November 2009 2 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties, and assumptions
More informationBusiness & Financial Presentation FY
The Great Eastern Shipping Company Ltd. Business & Financial Presentation FY 2004-05 April 29, 2005 1 Forward Looking Statements Except for historical information, the statements made in this presentation
More informationMillennium Offshore Services Superholdings, LLC. First Quarter 2014 Results Conference Call May 21, 2014
Millennium Offshore Services Superholdings, LLC First Quarter 2014 Results Conference Call May 21, 2014 1 Disclaimer & Safe Harbor Statement This presentation may contain forward looking statements within
More informationQuarterly Presentation Q DOF Subsea Group
Quarterly Presentation Q2 2018 Group Group at a glance 2005 established NOK 1.2bn 1) Revenues Q2 18 NOK 15.9bn Firm backlog Q2 18 1 190 2) Subsea employees worldwide Q2 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 informationSEACOR Marine Announces Second Quarter 2018 Results
August 9, 2018 SEACOR Marine Announces Second Quarter 2018 Results Continued Improvement in Operating Performance Strengthened Balance Sheet HOUMA, La.--(BUSINESS WIRE)-- SEACOR Marine Holdings Inc. (NYSE:SMHI)
More informationASL Marine Corporate Presentation 1H FY2013
ASL Marine Corporate Presentation 1H FY2013 Presentation Outline Group Overview 1H FY2013 Financial Review (6 months ended 31 December 2012) Operations Review Business Outlook 2 Group Overview 3 Company
More informationPresentation of first quarter results Shippingklubben, Oslo, May 31, 2011
Presentation of first quarter results 2011 Shippingklubben, Oslo, May 31, 2011 IMPORTANT INFORMATION THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE PRESENTATION
More informationTHIRD QUARTER 2015 RESULTS. Oslo, 5 November 2015 CEO Stig Eide Sivertsen
THIRD QUARTER 2015 RESULTS. Oslo, 5 November 2015 CEO Stig Eide Sivertsen Disclaimer This quarterly presentation includes and is based, inter alia, on forward-looking information and statements that are
More informationEzion Holdings Limited. Informal Meeting with Shareholders 23 March 2018
Ezion Holdings Limited Informal Meeting with Shareholders 23 March 2018 1 Disclaimer This informal meeting is being convened for the purpose of providing the Shareholders with a summary of the Proposed
More informationFebruary Q results
February 2010 Q4 2009 results 2 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties,
More informationCompetitive export financing within ocean industries
Competitive export financing within ocean industries Green Maritime Seminar Rio de Janeiro, 10th of February 2017 Our mission is to provide competitive financial solutions to buyers of Norwegian Capital
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 informationAgenda. Accommodation rig market. Operations. Financial position and dividend. Summary. Attachments. Supply/demand outlook.
March 2011 2 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties, and assumptions
More informationSBM OFFSHORE Q TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED
Press release - SBM Offshore N.V. 10 November 2010 Highlights SBM OFFSHORE Q3 2010 TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED Turnover for the first nine months of 2010 at US$ 2,180 million, 2.5% above
More informationFred. Olsen Energy ASA
Report for the 3 rd quarter 2013 Figures in NOK FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 928 MILLION IN 3 rd QUARTER 2013 HIGHLIGHTS Revenues were 1,839
More informationShelf Drilling Transaction Announcement. February 21, 2019
Shelf Drilling Transaction Announcement February 21, 2019 Disclaimer This presentation (the "Presentation") has been prepared by Shelf Drilling, Ltd. ("Shelf Drilling" or the "Company") exclusively for
More informationThe Great Eastern Shipping Company Ltd. A Review of Financial Year
The Great Eastern Shipping Company Ltd. A Review of Financial Year 04 April 30, 2004 Forward Looking Statement This presentation contains certain forward looking information through statements, which are
More informationSBM OFFSHORE N.V. KEMPEN BENELUX CONFERENCE - LONDON
SBM OFFSHORE N.V. KEMPEN BENELUX CONFERENCE - LONDON 24 November 2010 Disclaimer Some of the statements contained in this presentation that are not historical facts are statements of future expectations
More informationOFFSHORE PARTNERS FOURTH QUARTER 2014 EARNINGS PRESENTATION
TEEKAY Photo Credit: John Mikal Torgersen TEEKAY OFFSHORE PARTNERS FOURTH QUARTER 2014 EARNINGS PRESENTATION February 20, 2015 Forward Looking Statements This presentation contains forward-looking statements
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 informationSIEM OFFSHORE INC. REPORT FOR THE THIRD QUARTER 2016
SIEM OFFSHORE INC. REPORT FOR THE THIRD QUARTER 2016 27 October 2016 Siem Offshore Inc. (the Company ; Oslo Stock Exchange: SIOFF) reports results for the third quarter and first nine months ended 30 September
More informationSEACOR MARINE ANNOUNCES RESULTS FOR ITS FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2017
PRESS RELEASE SEACOR MARINE ANNOUNCES RESULTS FOR ITS FOURTH QUARTER AND YEAR ENDED DECEMBER 31, Houma, Louisiana March 22, 2018 FOR IMMEDIATE RELEASE - SEACOR Marine Holdings Inc. (NYSE:SMHI) (the Company
More information17 February Q results
17 February 2011 Q4 2010 results 2 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties,
More informationCowen and Company 4th Annual Ultimate Energy Conference. December 2, 20140
Cowen and Company 4th Annual Ultimate Energy Conference December 2, 20140 Cautionary Statement Regarding Forward Looking Statements This presentation contains forward-looking statements. Forward-looking
More informationMARINE MONEY'S NORWAY SHIP & OFFSHORE FINANCE FORUM. Oslo, 24 th of May 2018
MARINE MONEY'S NORWAY SHIP & OFFSHORE FINANCE FORUM Oslo, 24 th of May 2018 DISCLAIMER This presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be
More informationFred. Olsen Energy ASA
Report for the 4th quarter 2014 and preliminary results for 2014 Figures in USD FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 157 MILLION FOR THE 4TH QUARTER
More informationNOT FOR DISTRIBUTION IN THE US, CANADA OR JAPAN FOR IMMEDIATE RELEASE 3 FEBRUARY 1998
NOT FOR DISTRIBUTION IN THE US, CANADA OR JAPAN FOR IMMEDIATE RELEASE 3 FEBRUARY 1998 SAIPEM ANNOUNCES 1997 RESULTS Today, the Board of Directors of Saipem S.p.A., the leading Italian oilfield services
More informationSix good reasons for choosing DNB in the new banking environment
Six good reasons for choosing DNB in the new banking environment Bank of America Merrill Lynch, 18th Annual Banking & Insurance CEO Conference 2013 24 September, London Rune Bjerke, CEO of DNB 1 Reason
More informationNORTHERN DRILLING LTD
NORTHERN DRILLING LTD INTERIM FINANCIAL INFORMATION AS OF SEPTEMBER 30, Highlights from Incorporation to September 30 Acquired one high specification semi-submersible harsh environment rig currently under
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 informationSecond quarter results 2011
Second quarter results 2011 Highlights for the second quarter 2011 General One fatality in the quarter Kvaerner listed on Oslo Børs 8 July 2011 Financing successfully completed Gudrun jacket delivered
More informationConference Call 3Q 2013 results. November 25, 2013
Conference Call 3Q 2013 results November 25, 2013 Forward Looking Statements The statements described in this presentation that are not historical facts are forward-looking statements within the meaning
More informationFleet Status Report 16 July 2010
Ensco high-grades its jackup fleet with addition of ENSCO 109, a KFELS Super B Class design. Two million pound hoisting capacity, 15,000 psi high-pressure BOP and nearly 5,000 bbls of liquid mud capacity
More informationBoa Offshore 12 September 2018 Pareto Oil & Offshore Conference Helge Kvalvik, CEO
Boa Offshore 12 September 2018 Pareto Oil & Offshore Conference Helge Kvalvik, CEO Disclaimer This presentation is made by Boa Offshore (or the Company ). The information contained herein include statements
More information2 November Q results
2 November 2011 Q3 2011 results 2 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties,
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 informationQ Presentation
Q1 2018 Presentation Contents Highlights and material events Segment reporting Financial information Summary Page 2 Q1 18 - key summary - Purchase of Deepsea Nordkapp - Strong operational performance across
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 informationSECOND QUARTER AND FIRST HALF YEAR RESULTS 2015
SECOND QUARTER AND FIRST HALF YEAR RESULTS 2015 16 JULY 2015 SECOND QUARTER AND FIRST HALF YEAR RESULTS 2015 The challenging market situation has continued in the second quarter, resulting in a mixed performance
More informationMarch Company presentation
March 2012 Company presentation 2 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties,
More information29 November Dahlman Rose s Oil Services & Drilling Conference, New York
29 November 2011 Dahlman Rose s Oil Services & Drilling Conference, New York 2 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which
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 informationHalf Year Results 2017
Half Year Results 2017 22 September 2017 www.lamprell.com 1 NDC 9 Rig Al Lulu Disclaimer This presentation contains certain forward-looking statements relating to the business, financial performance and
More informationFleet Status Report. ENSCO 8505 and ENSCO 8503 Contracted into 3Q April 2018 ENSCO 8505
ENSCO 8505 ENSCO 8505 and ENSCO 8503 ed into 3Q18 Recently, ENSCO 8505 was awarded two contracts for a total of three wells and ENSCO 8503 was contracted for two wells. Both rigs are capable of operating
More informationSaipem: Board of Directors approves Interim Report as at March 31, 2011 IMPROVED RESULTS VERSUS Q1 2010
Interim Report at March 31, 2011 Saipem: Board of Directors approves Interim Report as at March 31, 2011 IMPROVED RESULTS VERSUS Revenues amounted to Euro 2,954 million: +11.9% compared to the first quarter.
More informationMARINE WARRANTY A Surveyors View Of Today s Challenges And The Way Forward. Alex Harrison (Director LOC Australia)
MARINE WARRANTY A Surveyors View Of Today s Challenges And The Way Forward Alex Harrison (Director LOC Australia) Presentation Content LOC Company Profile Up-date Project Risk Drivers In The Current Market
More informationPareto s oil and offshore conference. Jan Arve Haugan, President & CEO
Pareto s oil and offshore conference Jan Arve Haugan, President & CEO Well positioned for future market opportunities 1) Leading contractor within proven track record 2) Competitive position strengthened
More informationQ PRESENTATION. Oslo, 9 th of May 2018
Q1 2018 PRESENTATION Oslo, 9 th of May 2018 DISCLAIMER This presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated («relevant persons»).
More information10 January SEB - Nordic Seminar 2018
10 January 2018 SEB - Nordic Seminar 2018 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks,
More informationSIEM OFFSHORE INC. REPORT FOR FOURTH QUARTER AND FISCAL YEAR 2017
SIEM OFFSHORE INC. REPORT FOR FOURTH QUARTER AND FISCAL YEAR 2017 22 February 2018 Siem Offshore Inc. (the Company ; Oslo Stock Exchange: SIOFF) reports results for the fourth quarter and the fiscal year
More informationUNAUDITED FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT FOR THE THIRD QUARTER AND THE NINE MONTHS ENDED 30 SEPTEMBER 2018
Registration Number: 200603185Z FOR THE THIRD QUARTER AND THE NINE MONTHS ENDED 30 SEPTEMBER 2018 Introduction PACC Offshore Services Holdings Ltd. ("POSH") is one of Asia s largest operators of offshore
More informationAcquisition of Horizon Offshore. June 12, 2007
Acquisition of Horizon Offshore June 12, 2007 Forward-Looking Statements Certain statements made herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
More informationSeawell Limited (SEAW) - Second quarter and six months 2010 results
Seawell Limited (SEAW) - Second quarter and six months 2010 results Highlights Seawell reports revenues of NOK1,050.1 million, EBITDA of NOK148.3 million, net income of NOK84.8 million and earnings per
More information1Q2012 Results Briefing Analyst & Investor Update 22 February 2012
1Q2012 Results Briefing Analyst & Investor Update 22 February 2012 Disclaimer This Investor Presentation has been prepared by Mermaid Maritime Plc for investors, solely for information purposes. The views
More information4 September Pareto Oil & Offshore Conference
4 September 2013 Pareto Oil & Offshore Conference Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of
More informationAgenda. 2. Market Outlook. 1. Company Overview. 3. Company Strategy
Oslo, January 2013 Disclaimer This presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated («relevant persons»). Any person who is not
More informationSaipem: Board of Directors approves six-month report at June 30, 2011 H1 PROFITS AT RECORD LEVELS
Saipem: Board of Directors approves six-month report at June 30, H1 PROFITS AT RECORD LEVELS Net profit for the second quarter of amounted to Euro 225 million, a 13.6% increase compared to the second quarter
More informationSONGA OFFSHORE ASA - REPORT FOR THE FOURTH QUARTER 2006
SONGA OFFSHORE ASA - REPORT FOR THE FOURTH QUARTER 2006 Songa Offshore ASA consolidated after tax profit for the fourth quarter 2006 was USD 3.7 million. Accumulated loss for 2006 was USD 20.7 million.
More informationFOURTH QUARTER Recent highlights
FOURTH QUARTER 2018 (Figures in brackets refer to the corresponding period of 2017) In the fourth quarter, the fleet utilisation 1 reached its highest since Q3 2015 at 63 per cent. A further two contracts
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 informationPareto Oil & Offshore Conference
Pareto Oil & Offshore Conference 2011 Vice President Business Development Rune Juliussen 31 August 2011 Siem Offshore Overview Established as a stand alone company in July 2005. Market capitalization $
More informationQ2 AKASTOR SECOND QUARTER AND HALF YEAR RESULTS 2018
Q2 AKASTOR SECOND QUARTER AND HALF YEAR RESULTS 2018 HIGHLIGHTS Revenue of NOK 873 million with growth of 25 percent from previous year (revenue of NOK 1 153 million inclusive AKOFS Offshore) EBITDA from
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 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 information7 November Q results
7 November 2013 Q3 2013 results Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties,
More informationATLANTIC OILFIELD SERVICES
LTD Report for the 3 rd quarter 2006 Company Background ( AOS ) is an integrated oil service company owning and operating onshore and offshore drilling units as well as offshore accommodation rigs. The
More informationPresentation Q Geir Johan Bakke CEO
Presentation Q4 2014 27.02.15 Geir Johan Bakke CEO Agenda Headlines/ milestones Q4 Outlook Main figures Detailed figures HES/ QA Questions Headlines/Milestones Q4 EBIT of NOK -13 million and EBIT-margin
More informationFred. Olsen Energy ASA
Report for the 1 st quarter 2014 Figures in USD FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF USD 102 MILLION IN 1Q 2014 HIGHLIGHTS Revenues were 278 million
More informationPROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE TO RAISE GROSS PROCEEDS OF US$100.5 MILLION
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES. THE MATERIAL SET OUT HEREIN IS NOT INTENDED, AND SHOULD NOT BE CONSTRUED, AS AN OFFER FOR SALE OF THE
More informationSECOND QUARTER AND FIRST HALF REPORT 2018
SECOND QUARTER AND FIRST HALF REPORT 2018 EBITDA for the second quarter amounted to USD 57.1 million (USD 26.4 million). Higher EBITDA is mainly due to better utilisation, higher average day rates, cost
More information