Exmar Nv · EURONEXT:EXM
Exmar Nv — Shareholder Meeting (May 2023)
15 slides from Exmar Nv's shareholder meeting presentation, May 16, 2023
Slide 1: General Meeting EXMAR
May 16, 2023 GENERAL MEETING EXMAR May 16, 2023 © EXMAR. All rights reserved General MeetingI 1
Slide 2: Speakers
May 16, 2023 Speakers Michel Delbaere Francis Mottrie Laurent Verhelst Independent Director Chief Executive Officer Chief Financial Officer © EXMAR. All rights reserved General Meeting I 2
Slide 3: Disclaimer
May 16, 2023 Disclaimer Saverex intention to bid ▪ Reference is made to the notification of Saverex, declaring their intention to launch a voluntary and conditional public takeover bid on all shares and share options issued by EXMAR not already owned by it or persons affiliated with it (the “bid”) ▪
Slide 4: Agenda
May 16, 2023 Agenda 01 EXMAR 2022 highlights 02 Infrastructure 03 Shipping 04 Supporting Services 05 Financial © EXMAR. All rights reserved General Meeting I 4
Slide 5: EXMAR - 2022 highlights
May 16, 2023 EXMAR - 2022 highlights EXMAR in short A transformational year ▪ Listed on Euronext Brussels (EXM.BB) BUSINESS ▪ FSRU EEMSHAVEN LNG: contract with GASUNIE for 5-year charter ▪ Evolution from shipbuilder (1829) ▪ Sale of TANGO FLNG to ENI and receipt of the proceeds of USD 646.7 million
Slide 6: Infrastructure - Assets and services
May 16, 2023 Infrastructure - Assets and services Integrated provider of gas transformation solutions Owned Assets 1 FSRU 2 accommodation 1 FSU (barge-based) barges Operated Assets 1 FLNG Barge NKOSSA II FSRU TOSCANA Achievements ▪ Active along the entire LNG value chain ▪ Pioneer in FSRU (2005), ST
Slide 7: Infrastructure – 2022 Highlights
May 16, 2023 Infrastructure – 2022 Highlights A handbrake turn Highlights . ▪ 5-year charter for the employment of FSRU EEMSHAVEN LNG with GASUNIE as floating LNG import terminal at Eemshaven in the Netherlands ▪ Sale of TANGO FLNG to ENI, currently in Dubai for reconversion ▪ Full ownership of LNGC
Slide 8: Shipping - Assets and services
May 16, 2023 Shipping - Assets and services Integrated provider of gas transportation and transformation solutions Assets 10 Fully pressurized LPG carriers 17 Midsize LPG/ammonia carriers (MGC) 4 Newbuild MGC on order 3 Very Large Gas carriers Achievements ▪ Ships from 3,500 up to 88,000 m³ ▪ Larges
Slide 9: Shipping – Leading position
May 16, 2023 Shipping – Leading position Strong contract portfolio - leader in future proof ammonia transportation LPG segment overview - outlook ▪ Solid overall contract portfolio with high quality industrial 2023 Charter Coverage (03/2023) counterparts ▪ Future proof business model, based on the s
Slide 10: Shipping – Market outlook
May 16, 2023 Shipping – Market outlook Strong LPG and ammonia fundamentals despite growing orderbook Demand side – LPG and ammonia MGC TC rates (1000 $/month) ▪ LPG continued steady growth in 2022 and US further consolidated as world’s largest LPG exporter ▪ Ukraine war caused shift in ammonia trade
Slide 11: Supporting Services - Assets and services
May 16, 2023 Supporting Services - Assets and services Integrated provider of gas transportation and transformation solutions Supporting Services ▪ EXMAR Shipmanagement ▪ BEXCO ▪ MARPOS ▪ Travel PLUS ▪ EXMAR Yachting © EXMAR. All rights reserved General Meeting I 11
Slide 12: EXMAR - 2022 Financial highlights
May 16, 2023 EXMAR - 2022 Financial highlights An eventful year REVENUE / PROFIT Increase in 2022 as a result of: ▪ Full year of operation of the two 2021 VLGC newbuilds ▪ Favourable market conditions also for the midsize segment ▪ Employment of the FSRU EEMSHAVEN LNG ▪ Higher licence and engineerin
Slide 13: EXMAR – 2022 Financial highlights
May 16, 2023 EXMAR – 2022 Financial highlights Liquidity position & financing Key financials – proportionate consolidation ▪ Repayment of the Oslo NOK 650 million bond (05/2022) GROUP 2021 2022 Q1-2023 ▪ Receipt of USD 646.7 million proceeds (08/2022) from (in million USD) (audited) (audited) (unaud
Slide 14: EXMAR – Yesterday, today and tomorrow
May 16, 2023 EXMAR – Yesterday, today and tomorrow Care for today, respect for tomorrow Sustainability, a lot is coming: Innovation will continue to define EXMAR: ▪ Inclusion of shipping into EU ETS system ▪ Designed the first FSRU worldwide ▪ New IMO regulations (EEXI and CII, from 2023 onwards) ▪
Slide 15: Thank you for your attention
General Meeting – May 16, 2023 Thank you for your attention WWW.EXMAR.BE © EXMAR. All rights reserved General Meeting I 15