S.d. Standard Etc Plc · OSL:SDSD
S.d. Standard Etc — Standard ETC — Q4 2021 Earnings Presentation
13 slides from S.d. Standard Etc's earnings presentation, Feb 17, 2022
Slide 1: 4Q 2021 Presentation
@ Tr} STANDARD ETC CJ iT 4Q 2021 Presentation February 17'*, 2022
Slide 2: Forward-looking Statements
Forward-looking Statements
Slide 3: 4Q21 Highlights and FY'21
4Q21 Highlights and FY’21 4q21 highlights • Profit after tax of USD 10.2m (loss of USD 6.6m in 4q20) USD 4m gain from the ETC portfolio USD 6m from realized- and unrealized gains on the large-sized PSVs basis sale of Standard Princess for USD 10.3m (1) • Adj. EBITDA(2) from PSVs of USD 1.8m (loss
Slide 4: Investment Update
Investment Update Commercial/ Investment highlights • Building investment company within energy, transportation and commodities (ETC) • Current (1) ETC investment portfolio of USD 45m incl. year to date (’22) gains of USD 6m • Further strengthen internal ETC competency • Focus on liquid- and attract
Slide 5: Investment Universe
Investment Universe Liquid investments in energy and transportation Energy and transportation Liquid investments in cyclical commodities 300+ companies / USD 3,000bn+ cap Commodities USD 20,000bn+ Source: Bloomberg
Slide 6: Appendix
STANDARD ETC
Slide 7: PSVs – Contract overview
PSVs – Contract overview 2022 Vessel Built Client Country Q1 Q2 Q3 Q4 Large-size Vessels Standard Viking 2007 Shell UK UK Standard Supplier 2007 HTL Germany 2021 Vessel Built Client Country Q1 Q2 Q3 Q4 Mid-size Vessels FS Balmoral 2008 Spot UK FS Kristiansand 2005 Perenco UK FS Braemar 2007 Spot UK
Slide 8: PSVs – Fleet utilization
PSVs – Fleet utilization Combined fleet utilization 1Q17 to Jan-22 100% 90% 80% 70% 60% Utilization (%) 50% 40% 30% 20% 10% 0% 1Q17 3Q17 1Q18 3Q18 1Q19 3Q19 1Q20 3Q20 1Q21 3Q21 jan.22 Large-size Mid-size Large-size: 100% owned. Mid-size: 28.1% owned. Note: Vessels unavailable due to dry docking, mai
Slide 9: Large-size PSVs – Commercial update
Large-size PSVs – Commercial update Large-size PSV term rates (900m2) Large-size PSV spot rates (900m2) 55 55 Term rates still ~72% above Mar-17 levels 50 50 45 45 40 40 35 35 USD ('000) USD ('000) 30 30 Last 10yr avg. ~USD 15.8k/d 25 Last 5yr avg. ~USD 11.1k/d 25 Last 5yr avg. USD ~10.8k/d Current
Slide 10: PSVs – Adj. EBITDA excl. DD and non-recurring costs
PSVs – Adj. EBITDA excl. DD and non-recurring costs (1) 4Q21 vs. 4Q20 2021 vs. 2020 2,0 4,0 1,8 3,0 2,8 1,5 1,3 2,3 2,0 1,0 1,0 0,5 0,4 0,5 USDm 0,0 USDm 0,0 -1,0 -0,6 -0,1 -2,0 -0,5 -3,0 -1,0 -0,8 -1,0 -3,5 -4,0 -4,0 -1,5 -5,0 Standard vessels Northern Supply pro- Total pro-rata Standard vessels No
Slide 11: Income statement
Income statement Three Months Ended Twelve Months Ended 2021 2020 2021 2020 (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 (6 815) (2 984) (29 778) Changes in fair value on financi
Slide 12: Balance sheet
Balance sheet (Amounts in USD 000) Note 31.12.2021 31.12.2020 ASSETS Unaudited Audited Equipment and machinery 1 1 Financial assets at fair value through profit or loss 4.1 42 391 58 862 Total non-current assets 42 392 58 863 Trade and other receivables 380 14 Current tax asset 1 1 Financial assets
Slide 13: Cash flow statement
Cash flow statement Twelve Months Ended 2021 2020 Q4 Q4 (Amounts in USD 000) Note Unaudited Audited CASH FLOWS FROM OPERATING ACTIVITIES Profit/(Loss) for the period before income tax 13 737 (26 909) Unrealised exchange (gain)/loss (93) 72 Payments to acquire financial assets at fair value through p