Awilco Lng Asa · OSL:ALNG
Awilco Lng Asa — Q2 2022 Earnings Presentation
19 slides from Awilco Lng Asa's earnings presentation, Aug 23, 2022
Slide 1: Second quarter 2022
Second quarter 2022 August 23, 2022 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: Agenda August 23, 2022
Agenda August 23, 2022 1. Highlights 2. Financials second quarter 2022 3. Market update 4. Summary www.awilcolng.no -4-
Slide 5: Highlights
Highlights Awilco LNG achieved a net zero result for second quarter, down from a net result of USD 6.0 million and earnings per share of USD 0.05 in first quarter 2022. First half 2022 net result ended at USD 6.0 million or USD 0.05 per share Net freight income of USD 10,2 million in second quar
Slide 6: Agenda August 23, 2022
Agenda August 23, 2022 1. Highlights 2. Financials second quarter 2022 3. Market update 4. Summary www.awilcolng.no -6-
Slide 7: Second quarter 2022 income statement
Second quarter 2022 income statement USD million Q2’22 Q1’22 2021 Freight income 12.3 14.3 59.6 Voyage related expenses (2.1) (0.2) (2.4) Net freight income 10.2 14.1 57.1 Other income 0.0 0.4 0.1 Operating expenses (2.7) (2.7) (10.0) Administration expenses (0.8) (0.8) (3.9) EBITDA 6.8 11.0 43.3 De
Slide 8: Second quarter 2022 financial position
Second quarter 2022 financial position USD million 30.06.22 31.03.22 31.12.21 Vessels 322.6 325.1 326.9 Other fixed assets 0.6 0.6 0.7 Total non-current assets 323.2 325.7 327.6 Trade receivables 1.0 1.0 1.0 Financial investments 0.0 7.5 - Other short term assets 4.6 0.9 4.6 Cash and cash equivalent
Slide 9: Second quarter 2022 cash flow
Second quarter 2022 cash flow USD million Q2’22 Q1’22 2021 Cash Flows from Operating Activities: Profit/(loss) before taxes 0.0 6.0 21.1 Income taxes paid - - - Interest and borrowing costs expensed 2.8 2.4 10.2 Depreciation, amortisation and impairment 3.3 3.1 12.6 Valuation adjustment of securitie
Slide 10: Agenda August 23, 2022
Agenda August 23, 2022 1. Highlights 2. Financials second quarter 2022 3. Market update 4. Summary www.awilcolng.no - 10 -
Slide 11: Spot rates
Spot rates USD/DAY 250,000 200,000 150,000 100,000 50,000 - WW spot rate ST WW spot rate TFDE Historic ave. spot rate ST Historic ave. spot rate TFDE • Spot market strengthened until the closure of Freeport LNG pulled the plug. Market strengthening again as players prepare for winter and Freeport re
Slide 12: LNG export and import
LNG export and import Q2 2022 vs Q2 2021 (YoY change) West Africa Russia North America North Africa Middle East and Gulf Latin America Europe Asia -4 -2 0 2 4 6 8 10 12 Import (in MT) Export (in MT) • Shift of demand from Asia to Europe, but demand from Asia expected to increase towards the winter s
Slide 13: Gas prices
Gas prices USD/MMBTU 70 60 50 40 30 20 10 0 01/2018 03/2018 05/2018 07/2018 09/2018 11/2018 01/2019 03/2019 05/2019 07/2019 09/2019 11/2019 01/2020 03/2020 05/2020 07/2020 09/2020 11/2020 01/2021 03/2021 05/2021 07/2021 09/2021 11/2021 01/2022 03/2022 05/2022 07/2022 09/2022 11/2022 01/2023 03/2023
Slide 14: Trainspotting
Trainspotting MTPA 16 LNG PROJECTS MTPA 700 14 650 12 600 10 550 8 500 6 450 4 2 400 0 350 Started 2022 Started 2022 2022 2023 2024 2025 2026 2027 2028 2029 2030 Total capasity (RHS) • ~ 264 MTPA new capacity currently under planning or construction of which 83 MTPA still need FID • High activity on
Slide 15: LNG fleet and orderbook
LNG fleet and orderbook NO. VESSELS TOTAL FLEET 90 900 80 800 70 700 60 600 50 500 40 400 30 300 20 200 10 100 0 0 Fixed (LHS) Fixed Arc7s (LHS) Available (LHS) Delivered (LHS) Total fleet (RHS) • Limited newbuilding deliveries in 2022 and 2023 support a strong market for the next years • Record hig
Slide 16: Agenda August 23, 2022
Agenda August 23, 2022 1. Highlights 2. Financials second quarter 2022 3. Market update 4. Summary www.awilcolng.no - 16 -
Slide 17: Summary
Summary Russia's reduction of pipeline gas exports to Europe since third quarter 2021 has caused havoc in the energy markets with extremely high gas prices and demand for LNG as a result This has led to a shift in LNG demand from Asia to Europe leading to shorter sailing distances The explosio
Slide 18: 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 - 18 -
Slide 19: 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 - 19 -