Transatlantic — Q3 2012 Earnings Presentation
10 slides from Transatlantic's earnings presentation, Nov 2, 2012
Slide 1: The Q3 Report 2012
The Q3 Report 2012 CEO TransAtlantic Henning E. Jensen CFO TransAtlantic Heléne Mellquist Nov 2, 2012
Slide 2: Overall result
Overall result • Third-quarter earnings represented an improvement over the second quarter for TransAtlantic – Both VSS and Industrial Shipping improved sequentially • VSS had positive cash flow in the quarter for the first time this year – Higher contract coverage and slightly better spot market ar
Slide 3: Q3, 2012
Q3, 2012 July-September 2012 • Net revenues amounted to SEK 784 M (847) • EBITDA, amounted to SEK 112 M (22) • Profit before tax amounted to SEK -39 M (-167) • Net income amounted to SEK -42 M (-136) • Earnings per share amounted to SEK -0.4 (-2.1) January – September 2012 • Net revenues amounted to
Slide 4: Group income statement
Group income statement Group Jul-S ep Jan-S ep Full Year S EK M 2012 2011 2012 2011 2011 Net sales 784 847 2 509 2 086 2 989 EBITDA 112 22 132 76 67 Operating Inc ome (Loss) 29 -133 -119 -233 -348 P rofit (Loss) before taxes -39 -167 -295 -305 -466 Profit before tax by business area Viking S upply S
Slide 5: Financial position
Financial position Financial position September December SEK M at the close of each period 2012 2011 Total assets 5 987 6 283 Shareholders' equity 2 146 2 493 Equity/assets ratio, % 35,8% 39,5% Debt/equity ratio, % 137,6% 97,7% Cash and cash equivalents 235 548 Number of shares outstanding 110 902 7
Slide 6: Q3 2012 Viking Supply Ships
Q3 2012 Viking Supply Ships • As a result of a slightly improved spot market and increased contract coverage VSS had a positive cash flow in Q3 for the first time this year • Centrica Energy has extended an existing contract with VSS for one year firm with a further one year option • A settlement wa
Slide 7: Q3 2012 Industrial Shipping
Q3 2012 Industrial Shipping • Cost-saving measures • Developed growth strategy – implementation started Market base will be strengthened in the Baltic Sea and service offering will be more streamlined, encompassing entire logistics chain • On October 12, TransAtlantic expanded the scheduled service
Slide 8: Initiatives
Initiatives TransAtlantic - overall • Focus on liquidity (through refinancing and possible sale of non-core assets) Viking Supply Ships • Further position VSS as harsh environment specialist • Increase contract coverage and duration • Focus on core business Industrial Shipping Return to profitablili
Slide 9: Outlook
Outlook Q4 expected to be similar to Q3. Viking Supply Ships • A moderately growing market with higher demands in our area of expertise and focus, where VSS is well positioned • Focus on winning more medium and long term contracts Industrial Shipping • Continued challenging market • Continued focus
Slide 10: Thank you!