Ocean Yield ASA — Q3 2020 Earnings Presentation
11 slides from Ocean Yield ASA's earnings presentation, Nov 3, 2020
Slide 1: Q3 2020 Presentation
Q3 2020 PRESENTATION 3rd November 2020
Slide 2: Q3 2020 Financial Highlights
Q3 2020 FINANCIAL HIGHLIGHTS 4 1) Based on share price as of close 2nd November 2020 2) EBITDA adjusted for finance leases 3) Includes impairments of USD 129.4m related to Dhirubhai-1 and Connector 4) Adjusted net profit, continuing operations
Slide 3: Recent Events
RECENT EVENTS 1) Vessel delivery 2 OCEAN YIELD Delivery of newcastlemax dry bulk vessel with 15-year charter © vessel sales Sale of chemical tanker Navig8 Amessi Sale of oil-service vessel SBM Installer Insurance payment of USD 26m received from total loss of H6egh Xiamen 3) Investments Acquisition
Slide 4: Portfolio Update
PORTFOLIO UPDATE & ocean vier « In lay-up in Sri-Lanka, vessel opex of USD 2.7m in Q3 2020 1) Dhirubhai-1 + Progress in sales dicussions, but still uncertainty related to timing « Impairment of USD 94.8m in Q3 2020, book value of USD 51m + Inthe process of entering into a new charter contract from D
Slide 5: Long-Term Charters Secures Stable Cash Flow
LONG-TERM CHARTERS SECURES STABLE CASH FLOW EBITDA charter backlog1 per year EBITDA charter backlog1 per segment Charter status as (USDm) % of Total Assets LONG-TERM CASH FLOW VISIBILITY, 81% OF TOTAL ASSETS EMPLOYED EBITDA BACKLOG OF USD 2.9BN 10.1 YEARS AVERAGE DURATION ON LONG-TERM CHARTERS 1) EB
Slide 6: Financial Snapshot
FINANCIAL SNAPSHOT Adjusted net profit, continuing operations Q3 2020 Key financials USD million
Slide 7: Income Statement
INCOME STATEMENT INCOME STATEMENT
Slide 8: Adjusted EBITDA and Net Profit
ADJUSTED EBITDA AND NET PROFIT ADJUSTMENTS
Slide 9: Balance Sheet
BALANCE SHEET BALANCE SHEET Q2 Q3 Q2 Q3 Amounts in USD million 2020 2020 2020 2020 ASSETS EQUITY AND LIABILITIES Common equity 689 Sys) Vessels and equipment 855 700 Hybrid capital 125 125 Investments in associates 173 175 Non-controlling interests 13 0 Finance lease receivables 1,254 1,257 Total eq
Slide 10: Outlook
OUTLOOK 1) Based on share price as of close 2nd November 2020
Slide 11: Investor Relations
INVESTOR RELATIONS Marius Magelie, SVP Finance & Investor Relations +47 24 13 01 82 mm@oceanyield.no www.oceanyield.no/IR