Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — First Ship Lease Trust — Q3 2014 Earnings Presentation

10 slides from Singapore Exchange's earnings presentation, Oct 30, 2014

  1. Slide 1: First Ship Lease Trust 3Q FY2014 Financial Results

    First Ship Lease Trust 3Q FY2014 Financial Results 30 October 2014

  2. Slide 2: 3QFY14 – Key Financial Highlights

    3QFY14 – Key Financial Highlights  Net cash generated from operations increased by 67.9% year-on-year to US$12.8 million  Net profit of US$0.7 million reported, despite:  Impairment loss of US$1.2 million recognised on investments in TORM share due to the decline in its share price  Loss of hire

  3. Slide 3: Performance Review

    Performance Review Change Change US$’000 3QFY14 3QFY13 YTD YTD % % Revenue 23,619 22,458 5.2 69,000 66,799 3.3 Profit/Loss for the 744 (8,930) N.M (3,208) (23,229) 86.2 quarter Net cash generated 12,812 7,629 67.9 34,734 28,413 22.2 from operations Operating profit 4,386 (2,960) N.M 11,261 (4,550) N

  4. Slide 4: Revenue Breakdown

    Revenue Breakdown 20,000 18,154 Pool/Spot: 18,000  Three chemical tankers in the Nordic 16,652 2,576 Tankers Pool 16,000 1,558  FSL Hong Kong under the Teekay RSA (1) 1,816 1,154  FSL Busan and Santos in the HANSE pool 14,000 Revenue US$ ’000 12,000 Time charter: 10,000  FSL Shanghai deployed on

  5. Slide 5: Bareboat Lease Revenue Backlog

    Bareboat Lease Revenue Backlog Remaining contracted revenue stood at US$151 million (1) as at 30 September 2014 51 40 27 22 11 2014 (Oct-Dec) 2015 2016 2017 3 Years: 2018 - 2020 Note 1: Based on revenue from 12 bareboat charters (excluding secured contracted revenue of US$11.9 million from Tesoro an

  6. Slide 6: Maturity of Leases

    Maturity of Leases Lease maturity of vessels (2014 to 2022) with average remaining lease term of five years as at 30 September 2014 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Cumbrian Fisher Clyde Fisher Vessels Shannon Fisher on Solway Fisher fixed rate Speciality bareboat Product Tanker Sen

  7. Slide 7: Scheduled Redeliveries as at 3QFY14

    Scheduled Redeliveries as at 3QFY14 2014 2015 2016 2017 Ever Radiant Containership Ever Respect Vessels on Cumbrian Fisher fixed rate bareboat Clyde Fisher charters Shannon Fisher Product Tanker Solway Fisher FSL Hamburg Vessel on FSL Singapore fixed rate time charter Crude Oil Tanker FSL Shanghai O

  8. Slide 8: Scheduled Dry Docks for the Next 12 Months

    Scheduled Dry Docks for the Next 12 Months FSL Managed Fleet - Vessels Due for Dry Docking Vessel Date Due FSL London 4Q 2014 FSL Santos 3Q 2015 FSL Hamburg 4Q 2015 Latest Dry Dock Vessel Date FSL Tokyo 3Q 2014 8

  9. Slide 9: Summary and Outlook

    Summary and Outlook  Summary  Solid performance for 3QFY14 and year-to-date demonstrating success of the Management team’s ongoing restructuring efforts  Cash generation from 2QFY14  Second consecutive quarter of net profit (despite impairment and dry dock related costs)  Improved operational p

  10. Slide 10: Thank you

    Thank you

First Ship Lease Trust — Q3 2014 Earnings Presentation on 6ix