Awilco Lng Asa · OSL:ALNG
Awilco Lng Asa — Pareto Securities' 30th Annual Energy Conference 2023
15 slides from Awilco Lng Asa's conference presentation, Sep 21, 2023
Slide 1: Pareto Securities' 30th Annual Energy Conference
Pareto Securities’ 30th Annual Energy Conference September 21, 2023 Jon Skule Storheill, CEO www.awilcolng.no -1-
Slide 2: Disclaimer
Disclaimer This presentation may include certain forward-looking statements, forecasts, estimates, predictions, influences and projections regarding the intent, opinion, belief, various assumptions or current expectations of Awilco LNG (the “Company”) and it’s management with respect to, among other
Slide 3: Company overview
Company overview Awilco LNG is a fully integrated pure play LNG transportation provider, owning and operating LNG carriers. The Company owns and operates two 2013-built 156,000 cbm TFDE LNG carriers, WilPride and WilForce, trading in the medium term and spot market. Awilco LNG is listed on Euronext
Slide 4: Performance first half 2023
Performance first half 2023 1H 2023 1H 2022 • Both vessels on high earning TC’s at an average rate of In USD millions, unless stated otherwise $120,500 per day Freight income 42.8 26.3 Voyage related expenses 0.4 2.3 • Both vessels passing 2nd special survey in third quarter EBITDA 35.0 17.7 2023; w
Slide 5: Dividend capacity
Dividend capacity • The Company declared it’s first dividend in February 2023 • NOK 1.25 / USD 0.12 per share paid to date based on Q4/22 – Q2/23 results • Income is fixed until August 2024 for WilForce and with WilPride fixed until at least December 2025 dividend capacity remain strong • Potential
Slide 6: 2nd SS / DD of both vessels
2nd SS / DD of both vessels • Both vessels undergone second special survey, including drydock during third quarter 2023 • WilForce docked at Keppel in Singapore in August •DD and related off-hire according to plan • WilPride sailed from Cadiz on September 20th for final sea trial etc. •DD and relate
Slide 7: Agenda September 21, 2023
Agenda September 21, 2023 1. Company 2. Market 3. Summary www.awilcolng.no -7-
Slide 8: Spot rates (TFDE)
Spot rates (TFDE) USD/DAY 350 000 300 000 250 000 200 000 150 000 100 000 50 000 - WW spot rate TFDE Historic ave. spot rate TFDE • The LNG market has seasonally rebounded the last weeks. Winter rates will be determined by temperature, ton-miles and ton-time (floating storage). • 5 year average spot
Slide 9: Trainspotting – new LNG production
Trainspotting – new LNG production MTPA 14 LNG PROJECTS MTPA 700 12 650 10 600 8 550 6 500 4 450 2 400 0 350 2023 2024 2025 2026 2027 2028 2029 2030 Total capasity (RHS) • ~ 280 MTPA new capacity currently under construction or in advanced planning. • High activity following Europe's renewed focus o
Slide 10: LNG fleet and orderbook
LNG fleet and orderbook NO. VESSELS TOTAL FLEET 1000 100 900 800 80 700 600 60 500 400 40 300 20 200 100 0 0 Fixed (LHS) Available (LHS) Delivered (LHS) Total fleet (RHS) • Orderbook for LNGC now stand at 303 of which about 10% are unfixed • Shipyards showing limited new berths until 2028 • Newbuild
Slide 11: Fuels for the future
Fuels for the future • LNG is commonly seen as a transitional fuel, but what are the alternatives? • Methanol – Ammonia – Hydrogen • No large-scale production or distribution network and all have low energy density vs conventional fuels and LNG • Ammonia is corrosive and toxic • Hydrogen have signif
Slide 12: Agenda September 21, 2023
Agenda September 21, 2023 1. Company 2. Market 3. Summary www.awilcolng.no - 12 -
Slide 13: Summary
Summary ➢ Awilco LNG delivered strong results first half 2023 and initiated quarterly dividends ➢ Strong dividend capacity for the next two years on the back of fixed rate contracts ➢ 2nd special survey with DD during third quarter 2023 as planned and on budget ➢ LNG shipping market has seasonally r
Slide 14: A Fully Integrated Pure Play LNG Transportation Provider
A Fully Integrated Pure Play LNG Transportation Provider Two 2013 built TFDEs Tier 1 customers Solid owners Experienced Opportunistic strategy management team www.awilcolng.no - 14 -
Slide 15: Jon Skule Storheill CEO
Jon Skule Storheill CEO Mobile: +47 913 44 356 E-mail: jss@awilcolng.no Per Heiberg CFO Mobile: +47 952 20 264 E-mail: pheiberg@awilcolng.no www.awilcolng.no - 15 -
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