S.d. Standard Etc Plc · OSL:SDSD
S.d. Standard Etc — Standard ETC — Q3 2022 Earnings Presentation
13 slides from S.d. Standard Etc's earnings presentation, Nov 11, 2022
Slide 1: 3Q 2022 Presentation
@T\ STANDARD ETC CJ iJ 3Q 2022 Presentation November 11 2022
Slide 2: Forward-looking Statements
Forward-looking Statements
Slide 3: Standard ETC in brief; Third Quarter 2022 Highlights; Portfolio Update
Standard ETC in brief Third Quarter 2022 Highlights Portfolio Update
Slide 4: Standard ETC Company overview
Standard ETC Company overview • Founded in 2010, listed on Oslo Stock Exchange under ticker SDSD • Management owned company (>50% ownership) Long history of cyclical asset plays • Offshore Drilling (2010-2013): Ordered 7x JU’s at Keppel later sold for a total profit of USD 220m • Offshore Supply (20
Slide 5: Third Quarter 2022 Highlights
Standard ETC in brief Third Quarter 2022 Highlights Portfolio Update
Slide 6: 3Q22 Highlights
3Q22 Highlights 3q22 results – Profit after tax of USD 2.2m • USD 0.3m gain from Listed Portfolio and USD 2.2m gain from ETC Portfolio • Per end of September Listed Portfolio of USD 74m and ETC Portfolio of USD 51m Commercial highlights • On July 22nd Standard Supply starting trading on Euronext Gro
Slide 7: Portfolio Update
Standard ETC in brief Third Quarter 2022 Highlights Portfolio Update
Slide 8: Listed Portfolio - Dolphin Drilling
Listed Portfolio - Dolphin Drilling Ownership – 31.6m shares (25%) Illustrative EBITDA and FCF sensitivity1 • Market value c. USD 40m per end of September Dayrate scenario Current Avg. 2007-2016 • Active ownership through board representation Int’l semisubmersible market USD 250k USD 355k Strategy •
Slide 9: Listed Portfolio - Standard Supply
Listed Portfolio - Standard Supply Ownership – 100.3m shares (53%) Illustrative EV payback at various TCE’s1 • Market value c. USD 34m per end of September 7 • Active ownership through management- and board representation 6 Strategy • Low-cost platform with high North Sea spot exposure 5 EV payback
Slide 10: Appendix
STANDARD ETC
Slide 11: Income statement
Income statement Three Months Ended Nine Months Ended 2022 2021 2022 2021 (Amounts in USD 000) Note Q3 Q3 Q3 Q3 Unaudited Unaudited Unaudited Unaudited Income Changes in fair value on financial assets at fair value through profit or loss 4.1 346 (3 086) 11 924 (2 997) Changes in fair value on financ
Slide 12: Balance sheet
Balance sheet (Amounts in USD 000) Note 30.09.2022 31.12.2021 ASSETS Unaudited Audited Equipment and machinery - 1 Loan receivable from subsidiary 11.3 18 213 - Financial assets at fair value through profit or loss 4.1 74 324 42 391 Total non-current assets 92 537 42 392 Current tax asset - 1 Receiv
Slide 13: Cash flow statement
Cash flow statement Nine Months Ended 2022 2021 (Amounts in USD 000) Q3 Q3 Note Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period before income tax 26 031 3 506 Unrealised exchange loss/(gain) 275 (24) Interest income (482) (27) Dividend Income 5 (11 305) - Fair value (g