Boa Offshore Pareto Oil & Offshore Conference 4 Sept 2013 Helge Kvalvik, CEO
|
|
- Amanda Allison
- 5 years ago
- Views:
Transcription
1 Boa Offshore Pareto Oil & Offshore Conference 4 Sept 2013 Helge Kvalvik, CEO
2 Disclaimer This presentation is made by Boa Offshore (or the Company ). The information contained herein include statements that are forward-looking in their nature. These forward-looking statements include all matters that are not historical facts and are based on the Company s current intentions, believes and expectations about among other things, the Company s results of operations, financial condition, prospects, growth, strategies and the industry in which the Company operates. Such forward-looking information and statements reflect current views with respect to future events. The Company cannot give any assurance as to the correctness of information and statements related to such future events. Furthermore, these forward-looking statements involve known and unknown risks, uncertainties and other factors that are in many cases beyond the Company s control that could cause the actual results of operations, financial condition, liquidity and the development of the industry in which the Company s businesses operate to differ materially from the impression created by the forward-looking statements contained herein, because they relate to events and depend on circumstances that may or may not occur in the future. Although the Company believes that its intentions, beliefs and expectations, and the statements in this presentation, are based on reasonable assumptions as of today, the Company can not give any assurance that the actual results will be as set out in this presentation. Financing the Company involves risks, and several factors could cause the actual results, performance or achievements of the Company to be materially different from the impression created by the forwardlooking statements contained herein. Neither the Company, nor any company within the Boa Offshore Group, is making any representation or warranty (express or implied) as to the accuracy, reliability or completeness of the information and statements in this presentation, and neither the Company, any company within the Boa Group, nor any of their directors, officers or employees will have any liability to any persons resulting from the possible use of information in the presentation. 2 2
3 Contents 1 Boa Offshore summary 2 Boa Offshore overview 3 Financials 4 Boa Offshore Subsidiaries 5 Market overview and outlook 3
4 BOA Offshore Group summary Currently operates around 35 different vessels world wide with a market leading position in specific offshore segments: Subsea installation and construction (Boa OCV/BMSI) Seismic EM vessel operations (Boa SBL) Sea transportation and load-out and launching of heavy objects (Boa Barges/BMSI) Rig moves (NFDS AHTS) Harbor and costal towage and Salvage operations (Boa Tugs) Further improvement in 1H 2013 EBITDA from 1) recent years restructuring and streamlining of Boa Offshore Group and 2) improved underlying operations. EBITDA 1H 13 of NOKm 209, up from NOKm 179 in 1H 12 and NOKm 204 in 2H 12. Improved balance sheet and liquidity situation. NIBD/EBITDA 1H 13 of < 4.2x, down from 4.6x YE 12 and 7.4x YE 11 Current initiated newbuilding program fully financed. Promising outlook for remainder of 2013 and in the years ahead. 4
5 Three outstanding Bonds Face value of NOKbn 1.6 BOA OCV 1 pri bond Issued NOKm 1,200 in April 2011 at NIBOR +550 bps Maturity April 2016, 6.25% annual amortization NOKm 1,050 outstanding per post amortization 1 pri in vessels Boa Deep C and Boa Sub C Currently trading at around YTM ca NIBOR + 480bps Boa Offshore unsecured Issued NOKm 150 in total November 2012/June 2013 at NIBOR bps Maturity March 2015 Currently trading at around 100 YTM ca NIBOR bps Boa SBL 1 pri bond Issued NOKm 400 in April 2013 at NIBOR bps Maturity April 2018, 5% annual amortization 1 pri in vessels Boa Galatea and Boa Thalassa Currently trading at YTM ca NIBOR Source: Boa, Pareto, Sparebank1 Markets, Arctic 5
6 Contents 1 Boa Offshore summary 2 Boa Offshore overview 3 Financials 4 Boa Offshore Subsidiaries 5 Market overview and outlook 6
7 Boa Offshore in short Boa Group and Boa Offshore is controlled by Ole T. Bjørnevik and his family. Boa Offshore currently operates and manages a fleet of approximately 35 units in various segments. Performs the technical, commercial and operational tasks on behalf of all its subsidiaries, with approximately 350 employees. Global presence and operations. Engineering and Project Management capacity out of Trondheim and Houston. Leading player in the global market for heavy lift barges. Head Office in Trondheim/Norway, and offices in Houston/USA and Gdynia/Poland. Fleet value of NOKbn 3.6 per (excl newbuilds). Approximately NOKbn 5.1 fully invested (incl newbuilds). 1H 2013 Net Interest Bearing Debt of NOKbn 1.7. Value adjusted equity ratio of 52,5% per
8 Global presence Trondheim, Norway Houston, USA Gdynia, Poland Site offices, China OCVs on contract in West Africa and Asia/Australia Tugs located in North Europe Two heavy lift, semi submersible barges in GoM Two large heavy lift, semi submersible barges in Australia SBL EM vessels in Brazil & Asia Boa office Geographical presence 8
9 Description/operations Assets Business overview Concentrated in three segments 9 Offshore Vessels 19 Barges 8 Tugs OCV Boa Sub C OCV Boa Deep C SBL Boa Thalassa SBL Boa Galatea New building program 8 semisubmersible barges 8 deck cargo barges 2 other barges Options for more new barges, BB 37 now signed 3 ASD escort tugs 4 harbour / towage tugs 1 harbour tug World wide operations Ongoing modernization of the fleet, incl NFDS Successfully owns and operates two of the world s most high spec OCVs World Wide operations Leading player in the global heavy lift market Continuous new building program since 1999 Management of Myklebusthaug Dina Lifter/Launcher Mid-Norway and North Sea operations Tugs has been the primary business of Boa since inception Revitalization of this business segment with a substantial fleet renewal BMSI, also solution/ project provider for: SURF (subsea, umbilicals, risers and flowlines) IRM (inspection, repair and maintenance) of platforms Floater moves and installations Also use of 3 rd party vessels Tonnage provider, also solution/ project provider for: All engineering related to barges. In house design Turn key transportation projects Load out and launching Dry docking operations Float over Tonnage provider and solution/ project provider for: Salvage operations Turn key towage / transport / handling operations 9
10 Contents 1 Boa Offshore summary 2 Boa Offshore overview 3 Financials 4 Boa Offshore Subsidiaries 5 Market overview and outlook 10
11 Boa Offshore consolidated historical financials Boa Offshore has streamlined its business model, now showing results. Boa Offshore 1H 2013 EBITDA increased to NOKm H 12 EBITDA of NOKm H 12 EBITDA of NOKm H 11 EBITDA of NOKm 155. Modest negative impact from lower sequential USD/NOK in 1H 13. Boa Tugs AB shut down 2H 12, positively impacting EBITDA. Record strong Boa OCV. Boa SBL slightly below expectations, but less in USD. Net interesting bearing debt reduced to NOKbn 1.7 bn. despite payments for newbuilding program during Improved key credit matrices. Value adjusted equity 52.5% Annualized NIBD/EBITDA 4.16x Boa Offshore key P&L items NOKm Boa Offshore key balance sheet items NOKm -8% +35% Note: NGAAP reported figures 11
12 Key figures (NIBD/EBITDA, ROA) NIBD/EBITDA 1H 2013 Return on Assets* 1H 2013 Boa Offshore consolidated NIBD/EBITDA 1H 13 < 4.2x. IFRS adjusted at around 3.8x** The lowest multiple in the Norwegian supply vessel sector. Sector average of around 7.5x. Boa Offshore consolidated Return on Assets* (ROA) on active fleet of 12%. Highest in the Norwegian supply vessel sector. Sector average of around 6%. ** = NB: Boa Offshore EBITDA figure includes P&L expensed provision for class/periodical maintenance (NGAAP) * = EBIT/ Fixed Tangible Assets adj for newbuilds on balance sheet - annualized (1Hx2) Source: Boa, Company Reports 12
13 Boa Offshore initiated newbuild program - fully financed Vessel Design Yard Delivery/status Debt Financing Ownership (subsidiary) Other AHTS #1 VS 491, 28,000 bhp Fosen/China hull 1Q % guaranteed SMN/GIEK, Eksportkreditt funding NFDS Offshore 1 AS, 76% owned by Boa Offshore 600t winch, ROV Hangar On hold until AHTS #2* VS 491, 28,000 bhp financing in place Boa Shipping AS MPSV #1 VS 495 Chinese 2H 14 70% bank, CDB & Sinosure Boa PSV AS IMR/Light Construction MPSV #2 VS 495 Chinese 2H 14 70% bank, CDB & Sinosure Boa PSV AS IMR/Light Construction Boa Barge 43 Boa Chinese 2H 13 SMN Boa Barges AS 300 ft Flat top Boa Barge 44 Boa Chinese 2H 13 SMN Boa Barges AS 300 ft Flat top NFDS AHTS #1 VS 491 Boa Heron/Pelican MPSV VS 495 * = AHTS #2 will not be initiated until total finance solution is in place. Construction of BB 37 has now been signed with contract secured for un-named client starting Source: Boa Offshore 13
14 Contents 1 Boa Offshore summary 2 Boa Offshore overview 3 Financials 4 Boa Offshore Subsidiaries 5 Market overview and outlook 14
15 Boa OCV AS Summary and key financials Record 1H 13 numbers for Boa OCV. Account for > 50% of Boa Offshore values and EBITDA. 1H 13 EBITDA of NOKm 128, up from NOKm 117 in 1H 12. NOKm 1,050 gross debt and NIBD of Nokm 918 per 1H 13. NIBD/EBITDA of 3,6x. Shipbrokers average valuation per of NOKbn 2 both vessels. Gross/net LTV per 1H 13 of 53/46%. Strong outlook for subsea construction vessels. Identified a number of attractive possibilities for Deep C from contract expiry October Boa Offshore key P&L items NOKm Boa Offshore key balance sheet items NOKm 10 year class of vessel to be performed before new contract. See coming slides. Note: NGAAP reported figures 15
16 Boa OCV: BOA DEEP C/ BOA SUB C state of the art vessels Particulars Length overall m Breadth 30.6 m Positioning DP-III Deck Space (free) 1885 m2 Deck Strength 20 t/m2 Main Crane 400 t Crane Depth 3000 m Main Winch 600 t Bollard Pull 220 t Accommodation 135 Available Mid 2015/16 Particulars Length overall 120 m Breadth 27 m Positioning DP-III Deck Space 1150 m2 Deck Strength 15 t/m2 Main Crane 250 t Crane Depth 2000 m Main Winch 500 t Bollard Pull 229 t Accommodation Available End 2013/Early 2014 Source: Boa Offshore, Shipbroker Reports/Valuation 16
17 Boa SBL - Summary and key financials Owns two modern seismic vessels being the world s first custom built vessels for EM seismic, built 2008/2009. On long term contracts to EMGS: Boa SBL key P&L items NOKm Thalassa firm until Dec x12 months options. Galatea firm until July x12 months options. 1H 13 EBITDA of NOKm 26 slightly down Y/Y from NOKm 27. Slightly lower USD/NOK sequentially. Secured at higher USD/NOK in 2H 13. Note: NGAAP reported figures Average shipbroker values* slightly up H/H to NOKm 620. NIBD of NOKm 357 = LTV 58%. Although purpose built for EMGS, vessel design is generic (MT 6000 series) and vessels can be converted into: Traditional 3D seismic/obn/obc seismic Survey/ROV support IMR/light construction Offshore Wind Farm support * Source: According to average of two independent shipbroker valuations 17
18 Boa Offshore The barge experts BOA has since 1998 had continuous new building program for barges in China. Boa Offshore Group today operates 19 barges of different capabilities (incl newbuilds). Management of Myklebusthaug Dina Lifter/ Launcher. Built up an in-house engineering capacity that is unique in the industry. From 2002 BOA developed its own in-house design, giving substantial cost savings. Boa can offer in additional to the steel : Total turn key projects for transportation or dry docking operations by barges. All engineering services related to barges. Hydrostatics & Hydrodynamics. Structural & Operational. Engineering and project management performed from Trondheim and Houston. Has been in involved in several major Field Developments world wide. Currently two barges on Gorgon LNG Field Development Australia. Source: Boa Offshore 18
19 BMSI SURF/IMR Boa Marine Services, Inc (BMSI) is a Texas corporation and subsidiary of Boa Offshore with its main office in Houston, USA. Established in May 2009 to expand and strengthen Boa Offshore s global presence and complement its fleet of construction vessels, MPSV, AHTS, and submersible barges. BMSI is a full-service deepwater construction solution provider with an experienced in-house engineering group, project managers and execution staff. Capable of supporting vast offshore installation campaigns including: IMR, SURF, and mooring installations. Built strong project track record. Two vessels, Polar Queen and Topaz Captain are currently chartered to support BMSI business strategy. Currently working in US GoM and Mexico. Ambition to grow further. Source: Boa Offshore 19
20 Contents 1 Boa Offshore summary 2 Boa Offshore overview 3 Financials 4 Boa Offshore Subsidiaries 5 Market overview and outlook 20
21 Industry Book to Bill as leading indicator for Barges, OCV, and BMSI Offshore Construction backlogs currently at all-time high (Saipem, Subsea7, Technip). The book-to-bill (B-t-B) ratio currently at 1.5x. Above 1.0 indicates future growth as order intake exceeds turnover. Lead time for the major projects are in general 2-3 years. Indicates higher subsea/offshore construction activity in years to come, and most likely demand for construction vessels and also Barges. Industry Book to bill Source: Pareto Research, company reports, Boa Offshore 21
22 Strong growth in subsea wells and FPSOs expected: OCV, BMSI Subsea tree installations World Wide FPSO installations World Wide Subsea tree awards and estimated subsea tree installations is a key indicator for vessel activity. Number of tree installations likely to increase from an average of < 300 p.a. in to around 500 within 3-5 years (IHS/ODS-Petrodata). Even stronger growth in +2000m water depth. Most important markets are North Sea, Brazil, and West Africa with US GoM and Australia as runners up. OCV: Boa Sub C and Boa Deep C also well suited for FPS installation due to bollard pull capacity. Average number of FPS installations p.a. around 20 last 5 years, and below this level in 2011/2012. Prospect list indicate > 30 per year on average next five years (IHS/ODS- Petrodata). Some projects will be postponed/turned down. Includes FPSO, FSRU, FSO, Semi, TLP and Spars. Source: ODS/IHS, Boa Offshore 22
23 Very few available OCVs in m category with DP2/3 and 250t crane Boa Deep C OCV fleet m LOA/min DP2 Available OCVs m LOA/250t crane Current Fleet of offshore construction vessels (all modes) count around 50 vessels in category m LOA and min DP 2 capabilities. Fleet will increase to around 65 in Some vessels uncertain of timing of delivery. Fleet growth matching demand drivers (subsea wells, FPSOs etc). Narrowing it down to vessels with Crane > 250t only a few vessels available before YE 13, with Boa Deep C one of them. Vessels available before mid 2014 most likely < 10 (including newbuilds) estimated charter contract awards/optional extensions since July 2012*. Boa Deep C (27m) only available vessel with Beam wider than 25m. Together with bollard pull capacity etc, Boa Deep C is uniquely positioned. Source: ODS/IHS, Boa Offshore, UNO 23
24 North Sea AHTS spot Market > 20,000bhp North Sea AHTS > 20k bhp spot market dayrates Boa Offshore has one large AHTS 28,000 bhp under construction through NFDS with delivery 1Q14. Average dayrate last 9 years around NOK 400,000. Average dayrate was NOK 550,000. Dayrates significantly down in in a combination of falling demand (rig count etc) and too many new vessels delivered to the market. Dayrates have recovered in 2013 in a combination of: Stable/decreasing North Sea AHTS fleet (few newbuilds delivered) and Rising demand, rig moves. Improved PSV market, spill-over effect. Correlation between bhp/vessel and achieved dayrate in Source: ODS Petrodata, Boa 24
25 North Sea AHTS Market: Floater Rigs working Supportive demand factors: Number of floater/semisubmersible drilling rigs working up in 1Q13 vs 2012 (red mark). New floater rigs entering : Island Innovator, Songa x4, Sedco 712, Stena Carron, Blackford, Ocean Patriot, DS Aberdeen, Bollista, North Dragon?, COSL Promoter, COSL Prospector, 1x Seadrill?. Ca 15 rigs = 37,5% increase. On top comes potential Offshore Greenland rig campaigns and more FPSO/ Construction support. Source: ODS Petrodata, Pareto 25
26
Boa Offshore update March Results Review Helge Kvalvik, CEO
Boa Offshore update March 2014 2013 Results Review Helge Kvalvik, CEO Disclaimer This presentation is made by Boa Offshore (or the Company ). The information contained herein include statements that are
More informationBoa Offshore April 2013 Helge Kvalvik, CEO
Boa Offshore April 2013 Helge Kvalvik, CEO Disclaimer This presentation is made by Boa Offshore (or the Company ). The information contained herein include statements that are forward-looking in their
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 informationAnnual Report Boa Offshore AS Group Org.nr
Annual Report Group 2014 Org.nr. 926 265 156 BOA OFFSHORE AS GROUP BOARD S ANNUAL REPORT FOR 2014 Nature and location of activities: is the management company of the Taubåtkompaniet Group and the parent
More informationBOA SBL AS. Annual Report THIRD QUARTER
BOA SBL AS Annual Report THIRD QUARTER 2018 Content CEO s Report /3/ Income Statement /6/ Balance Sheet /7/ Cash Flow Report /9/ Notes /10/ BOA SBL THIRD QUARTER REPORT 3 CEO's Report GENERAL INFORMATION
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 informationQuarterly Report Boa SBL AS 4Q Org.nr
Quarterly Report 4Q - 2016 Org.nr. 990 899 576 BOA SBL AS CEO S REPORT 4Q 2016 General information: The unaudited interim report is prepared in accordance with NGAAP. Nature and location of activities:
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 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 informationLA Energy Conference. New Orleans, LA - June 11, Todd M. Hornbeck Chairman, President & CEO
LA Energy Conference New Orleans, LA - June 11, 2014 Todd M. Hornbeck Chairman, President & CEO Forward-Looking Statements This Presentation contains forward-looking statements, as contemplated by the
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 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 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 informationQuarterly Report Boa OCV AS 1Q Org.nr
Quarterly Report 1Q - 2015 Org.nr. 984 158 939 BOA OCV AS CEO S REPORT 1Q 2015 General Information The unaudited interim report is prepared in accordance with NGAAP. Nature and location of activities:
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 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 informationPareto Oil & Offshore Service Conference. CEO Alf C Thorkildsen September 2010
Pareto Oil & Offshore Service Conference CEO Alf C Thorkildsen September 2010 Contents Company profile Achievements last 12months Recent investments Rig fleet Market outlook Cash dividends Strategy 2 Company
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 informationQuarterly Report Boa OCV AS 2Q Org.nr
Quarterly Report 2Q - 2015 Org.nr. 984 158 939 BOA OCV AS CEO S REPORT 2Q 2015 General Information The unaudited interim report is prepared in accordance with NGAAP. Nature and location of activities:
More informationELECTROMAGNETIC GEOSERVICES ASA FIRST QUARTER 2014 RESULTS. CEO, Roar Bekker CFO, Svein Knudsen 8 May 2014
ELECTROMAGNETIC GEOSERVICES ASA FIRST QUARTER 2014 RESULTS CEO, Roar Bekker CFO, Svein Knudsen 8 May 2014 DISCLAIMER This quarterly presentation includes and is based, inter alia, on forward-looking information
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 informationSR-Markets oljeservice seminar. CEO and President Alf C Thorkildsen June 5, 2012
SR-Markets oljeservice seminar CEO and President Alf C Thorkildsen June 5, 2012 Contents Company profile Rig fleet Financial gearing Value creation North Atlantic Drilling Ltd Summary 6 th gen. semi-submersible
More information` ` PACC Offshore Services Holdings Ltd.
` ` PACC Offshore Services Holdings Ltd. Results Presentation Q1 FY18 Results 8 May 2018 1 Agenda Page 1. Industry Outlook and Key Highlights 3 2. Financial Highlights 5 3. Business Strategy 15 4. Appendices
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 informationDisclaimer Page 2
Disclaimer This presentation should be read in conjunction with Vard Holdings Limited s results for the period ended 30 June 2015 in the SGXNet announcement. Financial figures are presented according to
More informationPresentation 1Q results 2012
Fred. Olsen Energy ASA Presentation results 2012 8 May 2012 1 AGENDA FINANCIAL RESULT 2012 MARKETS OPERATIONS SUMMARY AND OUTLOOK 2 1 Income Statement Key Figures (NOK mill) 2012 2011 Operating revenues
More informationNORTH ATLANTIC DRILLING LTD. Pareto Oil & Offshore Service Conference, Oslo CFO Esa Ikaheimonen August 31, 2011
NORTH ATLANTIC DRILLING LTD Pareto Oil & Offshore Service Conference, Oslo CFO Esa Ikaheimonen August 31, 2011 Forward-looking statements The statements described in this presentation that are not historical
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 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 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 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 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 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 informationNorth Atlantic Drilling Ltd.
North Atlantic Drilling Ltd. Fourth quarter 2013 results February 25, 2014 Forward-Looking Statements The statements described in this presentation that are not historical facts are forwardlooking statements
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 informationOCEAN YIELD AS Company Presentation. 20 June 2012
OCEAN YIELD AS Company Presentation 20 June 2012 Highlights Ocean Yield A vessels owning company with focus on low risk investments in oil service & industrial shipping Strong sponsor Ocean Yield is 100%
More informationSiem Offshore Inc. Presentation CEO Idar Hillersøy 2 September 2015
Siem Offshore Inc. Presentation CEO Idar Hillersøy 2 September 2015 Disclaimer This presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks
More informationFred. Olsen Energy ASA. 1Q 2018 results presentation
Fred. Olsen Energy ASA 1Q 2018 results presentation Disclaimer This presentation has been produced by Fred. Olsen Energy ASA (the "Company") based on information which is publicly available. This presentation
More informationAnnual Report Boa Offshore AS Group Org.nr
Annual Report Group 2017 Org.nr. 926 265 156 BOA OFFSHORE AS GROUP BOARD S ANNUAL REPORT FOR 2017 Nature and location of activities: is the parent company of the Boa Offshore Group ( Group ). The company
More informationCMD FINANCE NORWAY CMD
Q4 CMD FINANCE NORWAY CMD LONDON, 10. MARCH 2016 CFO BJØRN ERIK NÆSS DNB has delivered strong profit growth Net interest income NOK million Pre-tax operating profit before impairment NOK million 25 252
More informationGulfMark Offshore, Inc. September 2011 Investor Presentation Pareto Securities Oil & Offshore Conference
GulfMark Offshore, Inc September 2011 Investor Presentation Pareto Securities Oil & Offshore Conference Forward Looking Statements Cautionary Statement Regarding Forward-Looking Statements This presentation
More informationOperating revenues for the year reached NOK mill
SOFF: REPORT PR. 4 TH QUARTER 2002 / PRELIMINARY ACCOUNTS 2002 Operating revenues for the year reached NOK 1.010 mill Operating profit after depreciation and write-downs was for 2002 NOK 290 mill The year
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 information25 April 2007 Siem Offshore Inc. (Oslo Stock Exchange: SIOFF) today reports results for the first quarter 2007.
SIEM OFFSHORE INC. REPORT FOR THE FIRST QUARTER 2007 25 April 2007 Siem Offshore Inc. (Oslo Stock Exchange: SIOFF) today reports results for the first quarter 2007. FINANCIALS Results for the first quarter
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 informationOverview. Tender Drilling Service Provider Established 2007, originally as BassDrill HitecVision took position of anchor investor in 2011
Pareto Conference September 20 1 Overview Tender Drilling Service Provider Established 2007, originally as BassDrill HitecVision took position of anchor investor in 2011 HitecVision (HVAS Invest Zeta)
More informationQ1 Results th of May 2016
TTS GROUP ASA Q1 Results 2016 11th of May 2016 Toril Eidesvik, CEO Henrik Solberg-Johansen, CFO TTS Group ASA Introduction new CEO Toril Eidesvik Master of laws / master programs in economy and project
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 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 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 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 informationBOA OCV AS. Annual Report SECOND QUARTER
BOA OCV AS Annual Report SECOND QUARTER 2018 Content CEO s Report /3/ Income Statement /6/ Balance Sheet /7/ Cash Flow Report /9/ Notes /10/ BOA OCV SECOND QUARTER REPORT 3 CEO's Report GENERAL INFORMATION
More informationAnnual Report Boa Offshore AS Group Org.nr
Annual Report 2016 Org.nr. 926 265 156 BOA OFFSHORE AS GROUP BOARD S ANNUAL REPORT FOR 2016 Nature and location of activities: is the management company of the Taubåtkompaniet and the parent company of
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 informationMMA Offshore Limited. UBS Australian Emerging Companies Conference 10 April 2018
MMA Offshore Limited UBS Australian Emerging Companies Conference 10 April 2018 Disclaimer This document contains general background information about the activities of MMA Offshore Limited (MMA) current
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 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 informationRig Market Regional Challenges from a Risk Managers perspective. Svein Bergstad Director of Risk & Insurance 24 October 2013
Rig Market Regional Challenges from a Risk Managers perspective Svein Bergstad Director of Risk & Insurance 24 October 2013 Content Who is Seadrill? Rig market Insurance challenges and compliance 2 Seadrill
More informationPresentati tion 4Q results February 2012
Fred. Olsen Energy ASA Presentation ti 4Q results 2011 16 February 2012 1 AGENDA FINANCIAL RESULT 4Q 2011 MARKETS OPERATIONS SUMMARY AND OUTLOOK 2 Income Statement Key Figures Operating revenues 1 630
More informationRISH First Quarter 2018 Bergen 25 May 2018 GC RIEBER SHIPPING
RISH First Quarter 2018 Bergen 25 May 2018 GC RIEBER SHIPPING Agenda Highlights Q1 2018 Operational Review Financial Review Outlook and Summary Highlights Q1 2018 Restructuring process successfully concluded
More informationFred. Olsen Energy ASA. 4Q 2017 results presentation
Fred. Olsen Energy ASA 4Q 2017 results presentation Disclaimer This presentation has been produced by Fred. Olsen Energy ASA (the "Company") based on information which is publicly available. This presentation
More informationA Different Drilling Contractor
A Different Drilling Contractor New York June 2007 Confidential Disclaimer THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE PRESENTATION HAS BEEN PREPARED BY
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 informationShip Finance International Limited (NYSE: SFL) - Earnings Release. Reports preliminary Q results and quarterly cash dividend of $0.
Ship Finance International Limited (NYSE: SFL) - Earnings Release Reports preliminary Q3 2018 results and quarterly cash dividend of $0.35 per share Hamilton, Bermuda, November 20, 2018. Ship Finance International
More informationSEB Nordic Seminar CFO - Rune Magnus Lundetrae Copenhagen, January 2014
SEB Nordic Seminar CFO - Rune Magnus Lundetrae Copenhagen, January 2014 Forward Looking Statements The statements described in this presentation that are not historical facts are forward-looking statements
More informationFY2010 Results Briefing Analyst & Investor Update 15 December 2010
FY2010 Results Briefing Analyst & Investor Update 15 December 2010 Disclaimer This Investor Presentation has been prepared by Mermaid Maritime Plc for investors, solely for information purposes. The views
More informationFred. Olsen Energy ASA. 2Q 2018 results presentation
Fred. Olsen Energy ASA 2Q 2018 results presentation Disclaimer This presentation has been produced by Fred. Olsen Energy ASA (the "Company") based on information which is publicly available. This presentation
More informationCredit Suisse Annual Energy Summit. Vail - Colorado Alf C Thorkildsen, CFO
Credit Suisse Annual Energy Summit Vail - Colorado Alf C Thorkildsen, CFO Forward-looking statements The statements described in this presentation that are not historical facts are forward-looking statements
More informationASL MARINE Corporate Presentation FY2011
ASL MARINE Corporate Presentation FY2011 Presentation Outline Group Overview FY2011 Financial Review (12 months ended 30 June 2011) Operational Review - Shipbuilding - Shiprepair and Conversion - Shipchartering
More informationViking Supply Ships AB (publ.) Q August Morten G. Aggvin IR Director Ulrik Hegelund CFO
Viking Supply Ships AB (publ.) Q2 2017 4 August 2017 Morten G. Aggvin IR Director Ulrik Hegelund CFO VSS AB Group result Q2 Second quarter Total revenue from continuing operations was MSEK 81 (217) EBITDA
More informationBOURBON First Half 2017 Results: Performance still largely impacted by a continuously challenging Offshore oil and gas services market
Press release Paris, September 7, 2017 BOURBON First Half 2017 Results: Performance still largely impacted by a continuously challenging Offshore oil and gas services market Adjusted revenue of 459.5 million,
More informationBOURBON STRATEGIC CONFERENCE. June 25, 2010 Shanghai
BOURBON STRATEGIC CONFERENCE June 25, 2010 Shanghai Executive Summary JACQUES DE CHATEAUVIEUX Chief Executive Officer BOURBON 2015 leadership strategy Focus on Marine Services to offshore industry Invest
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 informationGulfMark Offshore, Inc.
GulfMark Offshore, Inc. GULFMARK OFFSHORE RBC Energy Conference June 2008 Cautionary Statement Regarding Forward-Looking Statements This presentation includes forward-looking statements and projections,
More informationRESTRUCTURING REFLECTED IN THE PORTFOLIO HIGH MARKET ACTIVITY
QUARTERLY REPORT Q3 17 RESTRUCTURING REFLECTED IN THE PORTFOLIO HIGH MARKET ACTIVITY Export Credit Norway s lending balance totalled NOK 69. billion at the end of Q3 17. The company disbursed NOK 97.6
More informationGulfMark Offshore, Inc. Lehman Brothers High Yield Conference
GulfMark Offshore, Inc. Lehman Brothers High Yield Conference - 2005 Cautionary Statement Regarding Forward-Looking Statements This presentation includes forward-looking statements and projections, made
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 informationPresentation 1Q results 2013 Oslo, 7 May 2013
Fred. Olsen Energy ASA Presentation 1Q results 2013 Oslo, 7 May 2013 1 AGENDA FINANCIAL RESULT 1Q 2013 MARKETS OPERATIONS SUMMARY 2 Income Statement Key Figures (NOK mill) 1Q 2013 4Q 2012 * Restated Operating
More informationo1 OCEANTEAM SHIPPING ASA Q1 2011
o1 OCEANTEAM SHIPPING ASA Q1 2011 INTERIM REPORT 1 st QUARTER 2011 OCEANTEAM SHIPPING ASA o2 OCEANTEAM SHIPPING ASA Q1 2011 OCEANTEAM SHIPPING ASA Q1 2011 INTERIM REPORT Issue date 25th MAY 2011 Going
More informationSEB Enskilda Nordic Seminar CFO Esa Ikäheimonen. Copenhagen, January 11, 2012
SEB Enskilda Nordic Seminar CFO Esa Ikäheimonen Copenhagen, January 11, 2012 Forward-looking statements The statements described in this presentation that are not historical facts are forward-looking statements
More informationEidesvik Offshore ASA
20 05 Quarter 2005 Eidesvik Offshore ASA Eidesvik Offshore ASA The 2005 quarterly accounts are prepared in accordance with IFRS/IAS accounting principles. Operating income in Q3-2005 was NOK 189,8 mill
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 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 informationMaersk Drilling Q November 2013
Maersk Drilling Q3 2013 14 November 2013 page 2 Legal notice This presentation contains certain forward looking statements (all statements that are not entirely based on historical facts, among others
More informationGulfMark Offshore, Inc. Pritchard Capital Partners: Energize 2006
GulfMark Offshore, Inc. Pritchard Capital Partners: Energize 2006 January, 2005 Cautionary Statement Regarding Forward-Looking Statements This presentation includes forward-looking statements and projections,
More informationEXMAR GENERAL ASSEMBLY 15 th May 2018
EXMAR GENERAL ASSEMBLY 15 th May 2018 2 DISCLAIMER About this presentation This presentation (the Presentation ) has been produced by EXMAR NV ( EXMAR or the Company ). By attending a meeting where this
More informationEidesvik Offshore ASA (EIOF)
Eidesvik Offshore ASA (EIOF) CFO Svein Ove Enerstvedt Hordaland på børs 22. aug 2013 Eidesvik s operational segments Subsea Seismic Supply Revenues MNOK 339 (YE 2012) EBITDA MNOK 214 (YE 2012) 6 vessels
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 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 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 informationSecond Quarter 2014 Presentation. 11 July 2014
Second Quarter 2014 Presentation 11 July 2014 Second quarter 2014 highlights Increased dividend on the back of substantial contract backlog and visible growth from committed projects Increase of 0.5 cents
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 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 informationSevan Marine ASA. Results. Second Quarter Oslo, August 25, Carl Lieungh, CEO. Reese McNeel, CFO. Page 1
Sevan Marine ASA Results Second Quarter 2016 Oslo, August 25, 2016 Carl Lieungh, CEO Reese McNeel, CFO Page 1 Important information This presentation and its enclosures and appendices (hereinafter jointly
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 informationInvestor Presentation December 2015
Investor Presentation December 2015 1 Forward-Looking Statements Statements herein that are not historical facts are forward looking statements within the meaning of the Private Securities Litigation Reform
More informationThe World s Fastest Growing Drilling Contractor. Seadrill Limited. Oslo 2 June 2006
The World s Fastest Growing Drilling Contractor Seadrill Limited Oslo 2 June 2006 Confidential Disclaimer THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE PRESENTATION
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 informationThe World s Fastest Growing Drilling Contractor. 2Q 2006 Results Oslo, 1 September2006
The World s Fastest Growing Drilling Contractor 2Q 2006 Results Oslo, 1 September2006 Confidential Disclaimer THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE
More informationArcher Fourth Quarter John Lechner CEO Dag Skindlo CFO
Archer Fourth Quarter 217 John Lechner CEO Dag Skindlo CFO 27 February 218 Disclaimer forward looking statements Cautionary Statement Regarding Forward-Looking Statements In addition to historical information,
More information