Company presentation RELIABLE FLEXIBLE COMPETITIVE

Transcription

1 Company presentation RELIABLE FLEXIBLE COMPETITIVE

2 LEADING EUROPEAN PLAYER - Any vessel, any cargo, any time Wilson Focus on growth and expansion in the European dry cargo segment Offer competitive, secure, reliable, flexible and long-term maritime transport services Combinations of COAs and spot cargoes with minimum ballast 50 % of trade outside Norway Large fleet gives flexibility and effective sailings patterns with minimum ballast Almost 90 % fleet utilization Any vessel can carry any cargo at any time

3 Wilson fleet on a random day WILSON IN A NUTSHELL SHIPS 119 ships 82 owned CHARTERING About cargoes a year VOLUME About million tons RUNNING DAYS running days a year OPERATIONS About port calls TECHNICAL Ship management

4 LARGE FLEET SECURES CONTINOUS PRESENCE SEGMENT fleet pr. August 2018 Dwt No. of vessels Long history with solid customers dwt dwt dwt dwt dwt dwt Over 60 years of experience in providing effective maritime transport solutions Large fleet gives flexibility and effective sailing patterns Above 100 solid and regular customers dwt/system dwt 30 Container vessels dwt 2 Total 119

5 FINANCIALS - Confirming improved marked conditions Wilson s activity (and financial results) mirrors general economic activity within Europe The last quarters reflects better development in Europe, combined with sound marked balance giving a uptick in the rates Costs are kept under control and operations are efficient EBITDA development In MEUR Net daily development In EUR Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18

6 FINANCIALS QUARTERLY DEVELOPMENT - Revenue and operating expenses Operating revenue in MEUR Development operating revenue and expenses ,4 33,3 33,6 34,6 39,6 37,6 38, ,6 37,6 38, ,4 33,3 33,6 34,6 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Operating expenses in MEUR ,1 25,4 26,1 26,4 25,2 25, ,1 25,4 26,1 26,4 25,2 25, Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Operating revenue Operating expenses

7 RESULTS KEY FIGURES P&L - And cash balance and equity ratio (All figures in TEUR ) OPERATING REVENUE AND EXPENSES 2Q Q H H 2017 Equity ratio Freight income Voyage related expenses Ships income on TC basis Other operating income Total operating revenue % 44,1 % Crew cost ships Other operating expenses T/C and BB hires Administration expenses Total operating expenses Operating result before depreciations Depreciations Write down Total depreciations and write down Operating result (EBIT) Financial result Result before tax Tax cost Net profit Q2 17 Q2 18 Cash In MEUR 14,5 5,7 Q2 17 Q2 18

8 WILSON ASA Wilson ASA listed on Oslo Stock Exchange since March 2005 Main owner Caiano holding 89,6 % of shares About 260 owners in total Company transparency Continuous information on financial and strategic development Extensive information on company and fleet available at

9 WILSON THE PREFERRED CARRIER STRATEGY The Company s strategy is to focus on growth and expansion in the European dry cargo segment CONSEPT Offer Norwegian and European industry competitive, secure, reliable, flexible and long-term maritime transport services IMPROVED FINANCIAL POSITION EBITDA MEUR 25,5 first half 2018, Accumulating cash and increased solidity. POLICIES AND CORPORATE GOVERNANCE Dividend policy: Longt-tem goal is to pay up to 40 % of the company s result

10 Questions? For further information please contact: Stig Vangen, CFO, RELIABLE FLEXIBLE COMPETITIVE