Golar Lng Limited · NASDAQ:GLNG

Golar Lng — Q1 2017 Earnings Presentation

12 slides from Golar Lng's earnings presentation, Jun 9, 2017

  1. Slide 1: First Quarter 2017 Results

    First Quarter 2017 Results © Golar LNG Limited

  2. Slide 2: Forward Looking Statement

    This press release contains forward-looking statements (as defined in Section 21E of the Securities FORWARD Exchange Act of 1934, as amended) which reflects management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, t

  3. Slide 3: Highlights

    Highlights  Operating Loss and EBITDA in the quarter reported a loss of $41.4 million and $16.2 million, respectively, compared to a Q4 loss of $32.7 million and $15.9 million.  Issued a $402.5 million 2.75% 5-year unsecured convertible bond with a capped call that gives an effective conversion pr

  4. Slide 4: Financial Highlights

    Financial Highlights Unaudited Audited (USD millions) Q1 Q4 Q1 12 months to 2017 2016 2016 Dec-16 Total operating revenues 25.1 23.1 16.6 80.3 Voyage, charter-hire and commission expenses Grand charter and fair value guarantee (9.6) (4.9) (5.8) (22.3) Other voyage expenses (7.3) (7.7) (5.3) (25.3) N

  5. Slide 5: Balance Sheet

    Balance Sheet 2017 2016 (USD thousands) Mar 31 Dec 31 (Unaudited) (Unaudited) Current assets Cash and cash equivalents 456,710 224,190 Restricted cash and short-term receivables 173,083 183,693 Other current assets 18,359 18,334 Non-current assets Restricted cash 232,925 232,335 Investment in affili

  6. Slide 6: Shipping Update

    Shipping Update 35% Fleet Utilisation Rate (%) 30% 100% Annual Change (%) 25% 20% 80% 15% 10% 60% 5% 0% 40% -5% -10% 20% 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Change in LNG Volume Transport distance Fleet productivity Floating storage Net tonnage demand Tonnage Supply Fleet utilization (

  7. Slide 7: FSRU Update

    FSRU Update Source: Fearnley Securities Research The Sergipe project is proceeding to plan:  Foundations for gas turbines complete.  GE EPC project continues on schedule and budget.  Financial close expected end 2017.  Permitting for regas terminal main challenge but on track.  Required modific

  8. Slide 8: Hilli Episeyo Project Update

    Hilli Episeyo Project Update Courtesy of Perenco FLNG Hilli on schedule and within budget:  All equipment installed.  Pre-commissioning underway.  Yard departure expected in around 6- weeks.  First test for gas engines expected in June.  Vessel to then steam to Cameroon accompanied by escort tu

  9. Slide 9: Fortuna Project Update

    Fortuna Project Update Fortuna project on track for mid-2017 FID: Done:  Umbrella Agreement that covers legal and fiscal framework for project in Equatorial Guinea.  Award of amended midstream EPC contracts for conversion of LNG vessel Gandria. Effectiveness of contracts subject to project FID. St

  10. Slide 10: FLNG General Update

    FLNG General Update  OneLNG S.A. and Republic of Equatorial Guinea have entered into a binding Memorandum of Understanding to explore liquefaction and monetization of stranded gas:  Focus is on Blocks O and I offshore Malabo, Equatorial Guinea.  The state to take lead and secure supply if a proje

  11. Slide 11: Summary and Outlook

    Summary and Outlook  Conclusion of recent financing transactions has strengthened Golar’s balance sheet. Further improvement expected when planned transaction with Golar Partners is concluded.  Golar Partners exercises its right to put FSRU Tundra back to Golar. Simultaneously, the Company grants

  12. Slide 12: Thank You

    THANK YOU © Golar LNG Limited

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