Ocean Yield ASA — Q1 2025 Earnings Presentation
12 slides from Ocean Yield ASA's earnings presentation, May 15, 2025
Slide 1: Q1 2025 Presentation
Q1 2025 PRESENTATION 15th May 2025
Slide 2: Quarterly Highlights
QUARTERLY HIGHLIGHTS Continued strong financial results USD 91.6m USD 18.3m Adj. EBITDA Net profit Robust financial position 31.7% USD 201.1m Equity ratio Available liquidity Key financials High earnings visibility USD 4.1bn 10.3 years Adj. EBITDA backlog Average charter tenor Increased investment i
Slide 3: Fleet and Backlog Composition
FLEET AND BACKLOG COMPOSITION FLEET COMPOSITION EBITDA BACKLOG1 BY SEGMENT EBITDA BACKLOG1 BY CLIENT Crude 18 Oil service Product & Others Chemical Gas carriers Gas carriers 16 5% European IG (3) 10% 24 % 27% 4% 4% Container 10 14% European 6% USD IG (2) 16 Product / Chemical 9 Containers 4.1bn 7% c
Slide 4: Increasing Our Investment in France LNG Shipping
INCREASING OUR INVESTMENT IN FRANCE LNG SHIPPING TRANSACTION HIGHLIGHTS SIMPLIFIED STRUCTURE CHART INDUSTRY-LEADING PARTNERS 12x LNG Carriers Ocean Yield 11% 90%1 Increased economic interest Geogas LNG NYK USD 250m 50% 50% France LNG EBITDA backlog Shipping 3x IG counterparties On water Newbuildings
Slide 5: Nordic American Tankers: 2x and 3x Suezmax Tankers
NORDIC AMERICAN TANKERS: 2X AND 3X SUEZMAX TANKERS NEW TRANSACTION AMENDED AND EXTENDED LEASE COUNTERPARTY 2x 3x Suezmax tankers Suezmax tankers 2016 2018 built built 20 vessels Fleet NYSE Listed 8 years 8 years Bareboat charters Bareboat charters USD 560m Market cap USD 90m USD 170m 8 vessels OCY e
Slide 6: Portfolio Update
PORTFOLIO UPDATE DELIVERIES / CHARTERS OPTIONS EXERCISED VESSELS SOLD Zim Danube ▪ During wasthe and after delivered Mineral quarter, from the ▪ Purchase option was declared for Hafnia ▪ Interlink Celerity and Interlink Fortuity Portugal yard and, Mineral Österreich, commenced Mineraltime seven-year
Slide 7: Financial Snapshot
FINANCIAL SNAPSHOT ADJUSTED EBITDA1 Q1 2025 KEY FINANCIALS USD million 96.8 96.6 94.6 91.6 USD 51.4m USD 91.6m 87.4 86.5 88.2 86.9 82.8 77.0 79.0 68.4 73.6 EBITDA Adjusted EBITDA USD 18.3m USD 0.0m Net profit Quarterly dividend USD 201.1m 31.7% Available liquidity Equity ratio Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q
Slide 8: Income Statement
INCOME STATEMENT INCOME STATEMENT Q4 Q1 Amounts in USD million 2024 2025 Operating revenues 19.5 19.2 Finance lease revenues 29.6 30.7 Income from investments in associates 4.8 5.7 Other revenue 2.1 0.9 Total revenues and other income 56.1 56.6 Total operating expenses (6.4) (5.2) Depreciation (5.8)
Slide 9: Balance Sheet
BALANCE SHEET BALANCE SHEET Q4 Q1 Q4 Q1 Amounts in USD million 2024 2025 2024 2025 ASSETS EQUITY AND LIABILITIES Vessels and equipment 433 427 Common equity 648 661 Newbuildings 97 62 Hybrid capital 75 110 Investments in associates 316 312 Total equity 723 771 Finance lease receivables 941 1,035 Int
Slide 10: Financing Initiatives During and After Quarter End
FINANCING INITIATIVES DURING AND AFTER QUARTER END ▪ Signed loan agreements for financing of the first two LR1 newbuildings during the quarter, with agreements for last two expected finalised during first half of 2025 Secured debt ▪ Signed loan agreement for financing of two Suezmax vessels on long-
Slide 11: Outlook
OUTLOOK Low portfolio risk, robust balance sheet and strong liquidity 1 makes Ocean Yield well positioned for further selective growth Increased macro uncertainty and geopolitical tension, resulting in 2 higher demand for sale and leaseback transactions Continued ambition to contribute to the decarb
Slide 12: Company Contacts
COMPANY CONTACTS: Andreas Røde, CEO +47 98 22 85 62 andreas.rode@oceanyield.no Eirik Eide, CFO +47 95 00 89 21 eirik.eide@oceanyield.no Karl Fredrik Schjøtt-Pedersen, SVP Finance & IR +47 95 13 23 35 karl.pedersen@oceanyield.no www.oceanyield.no/investor-relations