Company presentation 22.08.2018 RELIABLE FLEXIBLE COMPETITIVE
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
Wilson fleet on a random day WILSON IN A NUTSHELL SHIPS 119 ships 82 owned CHARTERING About 5.000 cargoes a year VOLUME About 14.500 million tons RUNNING DAYS 40.000 running days a year OPERATIONS About 11.000 port calls TECHNICAL Ship management
LARGE FLEET SECURES CONTINOUS PRESENCE SEGMENT fleet pr. August 2018 Dwt No. of vessels Long history with solid customers 6 000 8 500 dwt 8 500 dwt 6 000 dwt 3 500 4 500 dwt 3 500 dwt 4 500 dwt 8 12 44 23 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 2 000 dwt/system 1 500 2 800 dwt 30 Container vessels 4 000 5 600 dwt 2 Total 119
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 13.193 12.419 13.116 3.643 3.574 3.719 7.235 8.291 8.569 3.247 3.285 3.137 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18
FINANCIALS QUARTERLY DEVELOPMENT - Revenue and operating expenses Operating revenue in MEUR Development operating revenue and expenses 45 40 35 30 33,4 33,3 33,6 34,6 39,6 37,6 38,2 45 25 20 40 39,6 37,6 38,2 15 10 35 33,4 33,3 33,6 34,6 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Operating expenses in MEUR 30 28 26 26 26,1 25,4 26,1 26,4 25,2 25,1 25 26 26,1 25,4 26,1 26,4 25,2 25,1 24 20 22 20 18 15 16 14 12 10 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 10 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Operating revenue Operating expenses
RESULTS KEY FIGURES P&L - And cash balance and equity ratio (All figures in TEUR ) OPERATING REVENUE AND EXPENSES 2Q 2018 2Q 2017 1H 2018 1H 2017 Equity ratio Freight income 68 368 63.361 135 775 128 442 Voyage related expenses 30 341 29.922 60 306 61 902 Ships income on TC basis 38 027 33.439 75 469 66 540 Other operating income 192 208 348 367 Total operating revenue 38 219 33.647 75 817 66 907 42 % 44,1 % Crew cost ships 8 274 8.326 15 985 16 762 Other operating expenses 4 750 4.108 9 375 8 926 T/C and BB hires 8 990 9.626 17 896 18 185 Administration expenses 3 088 3.296 7 061 7 554 Total operating expenses 25 103 25.357 50 316 51 427 Operating result before depreciations 13 117 8 291 25 536 15 526 Depreciations 5 747 5 680 11 620 11 287 Write down 0 0 0 0 Total depreciations and write down 5.747 5.680 11.620 11.287 Operating result (EBIT) 7 370 2 611 13 916 4 239 Financial result - 164-1 959-1 991-3 455 Result before tax 7 206 652 11 925 784 Tax cost 1 606 1 013 2 452 1 238 Net profit 5 600-361 9 472-454 Q2 17 Q2 18 Cash In MEUR 14,5 5,7 Q2 17 Q2 18
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 www.wilsonship.no
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
Questions? For further information please contact: Stig Vangen, CFO, sva@wilsonship.no RELIABLE FLEXIBLE COMPETITIVE