S.d. Standard Etc Plc · OSL:SDSD
S.d. Standard Etc — Standard ETC — Q4 2022 Earnings Presentation
13 slides from S.d. Standard Etc's earnings presentation, Feb 9, 2023
Slide 1: 4Q 2022 Presentation
@T\ STANDARD ETC CJ iJ 4Q 2022 Presentation February 9' 2023
Slide 2: Forward-looking Statements
Forward-looking Statements
Slide 3: Standard ETC in brief; Fourth Quarter 2022 Highlights; Portfolio Update
Standard ETC in brief Fourth 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 • Active 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 (2016-): Acquired 23 PSVs, s
Slide 5: Fourth Quarter 2022 Highlights
Standard ETC in brief Fourth Quarter 2022 Highlights Portfolio Update
Slide 6: 4Q22 Highlights
4Q22 Highlights 4q22 results – Profit after tax of USD 13.8m • USD 13.8m gain from Listed Portfolio • Per end of December Listed Portfolio of USD 88m and ETC Portfolio of USD 52m (incl. cash) • For the full year of 2022 the Company had a net profit of USD 39.8m Commercial highlights • On October 28t
Slide 7: Portfolio Update
Standard ETC in brief Fourth 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 47m per end of December 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 42m per end of December 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 Twelve Months Ended 2022 2021 2022 2021 (Amounts in USD 000) Note Q4 Q4 Q4 Q4 Unaudited Audited Unaudited Audited Income Changes in fair value on financial assets at fair value through profit or loss 4.1 13 765 13 25 689 (2 984) Changes in fair value on financial
Slide 12: Balance sheet
Balance sheet (Amounts in USD 000) Note 31.12.2022 31.12.2021 ASSETS Unaudited Audited Equipment and machinery - 1 Financial assets at fair value through profit or loss 4.1 87 762 42 391 Total non-current assets 87 762 42 392 Current tax asset - 1 Receivables and prepayments 6 77 380 Financial asset
Slide 13: Cash flow statement
Cash flow statement Twelve Months Ended 2022 2021 (Amounts in USD 000) Q4 Q4 Note Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period before income tax 39 843 13 737 Unrealised exchange loss/(gain) 217 (93) Interest income (1 073) (145) Dividend Income 5 (11 384) (6 478) F