Bw Lpg Limited · OSL:BWLPG
Bw Lpg — Q3 2020 Earnings Presentation
12 slides from Bw Lpg's earnings presentation, Nov 13, 2020
Slide 1: BW LPG Limited Interim Financial Information Q3 2020
BW LPG Limited Interim Financial Information Q3 2020 (unaudited)
Slide 2: Selected Key Financial Information
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) SELECTED KEY FINANCIAL INFORMATION YTD YTD Q3 2020 Q3 2019 Increase/ September September Increase/ US$ US$ (Decrease) 2020 2019 (Decrease) Income Statement million million % US$ million US$ million % Net income from spot voyages 64.7 1
Slide 3: Highlights and Performance Review – Q3 2020
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) HIGHLIGHTS – Q3 2020 • Retrofitted the world’s first vessel, BW Gemini with pioneering LPG dual-fuel propulsion technology in November 2020. LPG as fuel is a promising solution for sustainable shipping and we are proud to take the lead
Slide 4: Balance Sheet
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) BALANCE SHEET As at 30 September 2020, BW LPG has a fleet of 46 VLGCs, including two which are owned and operated by a joint venture. Total assets amounted to US$2,374.0 million (31 December 2019: US$2,549.4 million), of which US$1,819
Slide 5: Consolidated Statement of Comprehensive Income
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME YTD YTD September September Q3 2020 Q3 2019 2020 2019 US$’000 US$’000 US$’000 US$’000 Revenue from spot voyages 114,807 237,593 530,205 493,743 Voyage expenses (50,154) (77,508) (209,054)
Slide 6: Consolidated Statement of Comprehensive Income (continued)
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (continued) YTD YTD September September Q3 2020 Q3 2019 2020 2019 US$’000 US$’000 US$’000 US$’000 Other comprehensive loss: Items that may be subsequently reclassified to profit or loss: C
Slide 7: Consolidated Balance Sheet
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) CONSOLIDATED BALANCE SHEET 30 September 31 December 2020 2019 US$’000 US$’000 Intangible assets 1,182 1,004 Derivative financial instruments - 723 Loan receivables from a joint venture 39,450 52,550 Finance lease receivables 19,898 35,
Slide 8: Consolidated Statement of Changes in Equity
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) Attributable to equity holders of the Company Share- based Currency Share Share Treasury Contributed Capital Hedging payment translation Retained Total capital premium shares surplus reserve reserve reserve reserve earnings equity US$’
Slide 9: Consolidated Statement of Changes in Equity (continued)
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued) Attributable to equity holders of the Company Share- based Currency Non- Share Share Treasury Contributed Capital Hedging payment translation Retained controlling Total capital pr
Slide 10: Consolidated Statement of Changes in Equity (continued)
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued) Attributable to equity holders of the Company Share- based Currency Non- Share Share Treasury Contributed Capital Hedging payment translation Retained controlling Total capital pr
Slide 11: Consolidated Statement of Cash Flows
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) CONSOLIDATED STATEMENT OF CASH FLOWS YTD YTD September September Q3 2020 Q3 2019 2020 2019 US$’000 US$’000 US$’000 US$’000 Cash flows from operating activities Profit before tax for the financial period 24,677 117,613 167,925 120,939 A
Slide 12: Consolidated Statement of Cash Flows (continued)
BW LPG Limited Interim Financial Information Q3 2020 (unaudited) CONSOLIDATED STATEMENT OF CASH FLOWS (continued) YTD YTD September September Q3 2020 Q3 2019 2020 2019 US$’000 US$’000 US$’000 US$’000 Cash flows from financing activities Proceeds from bank borrowings - - 150,000 358,500 Payment of fi