Slide 1: 3 quarter 2015
3 quarter 2015 30 October 2015 Business segments as of 30 October 2015 62.7% Bonheur ASA (listed OSE) Ganger Rolf ASA (listed OSE) 20.7% Offshore drilling Renewable energy Shipping/Offshore wind Cruise Other investments 51,9% 100% 100% 100% Fred. Olsen Energy ASA Fred. Olsen Fred. Olsen Ocean Ltd. F
Slide 2: Group of companies - Highlights 3Q 2015
Bonheur ASA - Group of companies - Highlights 3Q 2015 (3Q 14 in brackets) Operating revenues were NOK 3 402 million (NOK 3 411million) Operating result before depreciation (EBITDA) was NOK 1 305 million (NOK 1 213 million) Operating result (EBIT) was NOK 153 million (NOK 190 million) Net result NOK
Slide 3: Group of companies - Segment analysis EBITDA
Bonheur ASA - Group of companies - Segment analysis EBITDA 3Q 15 3Q 14 Change (NOK million) Offshore drilling 1 066 940 126 Renewable energy 106 52 54 Shipping/Offshore wind -17 167 -184 Cruise 186 102 85 Other -36 -48 12 Total EBITDA 1 305 1 213 92 5 Bonheur ASA - Group of companies - Segment analy
Slide 4: Group of companies - Cash flow statement
Bonheur ASA - Group of companies - Condensed statement of Financial position (NOK million) Per 30.09.15 Per 31.12.14 Per 30.09.15 Per 31.12.14 Intangible fixed assets 1 191 1 060 Deferred tax asset 333 275 Equity owned by shareholders in parent co. 9 362 7 930 Property, plant and equipment 32 169 30
Slide 5: Ganger Rolf ASA - Consolidated summary
Ganger Rolf ASA - Group of companies - Consolidated summary Per 3Q Per 3Q (NOK million) 3Q 15 3Q 14 2015 2014 Revenues 0 0 0 0 EBITDA -20 -16 -48 -49 EBIT -21 -17 -50 -51 Share of result from associates 54 7 -464 109 Net finance -9 -5 -15 -27 EBT 24 -14 -529 31 Net result 24 -14 -475 30 9 Ganger Rol
Slide 6: Offshore drilling
Ganger Rolf ASA - Group of companies - Condensed statement of Financial position (NOK million) Per 30.09.15 Per 31.12.14 Deferred tax asset 0 0 Property, plant and equipment 33 34 Investments in associates 8 637 6 848 Other financial fixed assets 606 574 Total non-current assets 9 276 7 456 Inventor
Slide 7: Offshore drilling - Financial summary 3Q 2015
Offshore drilling - Financial summary 3Q 2015 (3Q 2014 in brackets) Revenues were USD 241 million (USD 335 million) EBITDA were USD 130 million (USD 151 million) Operating profit (EBIT) was USD 16 million (USD 15 million) Profit before tax was USD 22 million (USD 4 million) Earnings per share were U
Slide 8: Contract overview / Offshore drilling - Key financials
Contract overview 2015 2016 2017 2018 2019 Bolette Anadarko Bollsta Construction and drilling contract cancelled Belford Anadarko1) Blackford Chevron Bideford Statoil Borgland RMN consortium Bredford AGR cons Byford BP Borgsten Total Borgholm BG Borgny Cold stacked 1) Terminated for convenience Opti
Slide 9: Renewable energy - Overview
Renewable energy Fred. Olsen Renewables AS Renewable energy - Overview Total production capacity of 504.1 MW Six operating wind farms in Scotland (432.8MW) One operating wind farm in Norway (71.3 MW) Construction: Fäbodliden (78 MW) in Sweden. Expected completion in 1Q 2016 Crystal Rig III (14 MW) i
Slide 10: Business Model and Project Portfolio
Business Model and Project Portfolio Site Investigation Development Consented Construction Operation Scotland Scotland – 100-180 MW Ireland Sweden Scotland Crystal Rig extension Codling Bank – 500 MW Fäbodliden - 78 MW Crystal Rig – 62.5 MW Norway Rothes extension offshore (50% owned; total Crystal
Slide 11: Renewable energy - Key financials
Projects in Scandinavia Renewable energy - Key financials As per third quarter (NOK million) 2015 2014 NOK mill. Revenues 824 511 450 EBITDA 550 340 400 EBIT 244 109 350 EBT 109 -33 300 Non-current assets 5 470 4 077 250 Current assets 5 147 1 272 200 Total assets 10 618 5 349 150 Equity 3 765 961 I
Slide 12: Shipping / Offshore wind
Renewable energy - Wind farms 23 Shipping / Offshore wind Fred. Olsen Ocean Ltd. - Fred. Olsen Windcarrier AS - Universal Foundation Norway AS 12
Slide 13: Shipping / Offshore wind - Overview and Key financials
Shipping / Offshore wind - Overview Fred. Olsen Windcarrier Two transport and installation jack-up vessels for offshore wind turbines; “Brave Tern” (2012) and “Bold Tern” (2013) Contracts ongoing or completed during the quarter: Maintenance contract for Brave Tern at the “Global Tech I” and “Borkum
Slide 14: Cruise
Shipping / Offshore wind - Vessels 27 Cruise Fred. Olsen Cruise Lines Ltd. 14
Slide 15: Cruise - Overview and Key financials
Cruise - Overview Owns and operates four cruise ships; MV Black Watch MV Braemar MV Boudicca MV Balmoral Offers a diverse range of cruise holidays from long round the world trips to ex UK cruises to Scandinavia, Mediterranean and Canary Island Total passenger capacity: 3 700 29 Cruise - Key financia
Slide 16: Other Investments
Cruise – Ships Boudicca Braemar Balmoral Black Watch 31 31 Other Investments NHST Media Group AS - Koksa Eiendom AS - Various 16
Slide 17: Other investments - Overview
Other investments - Overview NHST Media Group AS (54.0%) Comprising five main business segments; DN (Dagens Næringsliv), Direct Relations, Global (Tradewinds, Upstream, Intrafish, Europower and Recharge), Nautical Charts and Other. Fully consolidated in BON as from second quarter 2014. Operating rev