Ocean Yield ASA — Q1 2026 Earnings Presentation
10 slides from Ocean Yield ASA's earnings presentation, May 20, 2026
Slide 1: Q1 2026 Presentation
Q1 2026 PRESENTATION 20th May 2026
Slide 2: Quarterly Highlights
QUARTERLY HIGHLIGHTS Continued strong financial results USD 82.3m USD 21.9m Adj. EBITDA Net profit Robust financial position 31.7% USD 268.2m Equity ratio Available liquidity Key financials High earnings visibility USD 5.0bn 11.0 years Adj. EBITDA backlog Average charter tenor Declared optional vess
Slide 3: Fleet and Backlog Composition
FLEET AND BACKLOG COMPOSITION FLEET COMPOSITION EBITDA BACKLOG1 BY SEGMENT EBITDA BACKLOG1 BY CLIENT LNG 30 Oil service Others Other gas Product & Crude 12 LNG 2% 5% 3% Chemical 2% 6% 3% 24 % Container 10 Containers 6% 10% Dry bulk 8 USD 47% 8% 17 5.0bn clients 8% Oil-service 5 14% 19 % Crude 11 % P
Slide 4: Portfolio Update
PORTFOLIO UPDATE INVESTMENTS DELIVERIES / CHARTERS VESSELS SOLD ▪ During the quarter and after quarter end, ▪ During the quarter, the LR2 product ▪ Investment in another four LNG carriers Al Fat’h and Barzan were delivered from tanker STI Symphony was delivered to its in joint venture with NYK Line,
Slide 5: Financial Snapshot
FINANCIAL SNAPSHOT ADJUSTED EBITDA1 Q1 2026 KEY FINANCIALS USD million 112.9 96.8 96.6 94.6 91.6 101.1 95.3 USD 47.3m USD 82.3m 82.8 87.4 86.5 88.2 86.9 82.3 EBITDA Adjusted EBITDA 77.0 79.0 73.6 68.4 USD 21.9m USD 100.0m Net profit Dividend USD 268.2m 31.7% Available liquidity Equity ratio Q1 Q2 Q3
Slide 6: Income Statement
INCOME STATEMENT INCOME STATEMENT Q4 Q1 Amounts in USD million 2025 2026 Operating revenues 19.4 19.1 Finance lease revenues 33.5 27.5 Income from investments in associates 5.9 6.6 Other revenue 1.7 0.4 Total revenues and other income 60.5 53.6 Total operating expenses (7.6) (6.3) Depreciation (5.8)
Slide 7: Balance Sheet
BALANCE SHEET BALANCE SHEET Q4 Q1 Q4 Q1 Amounts in USD million 2025 2026 2025 2026 ASSETS EQUITY AND LIABILITIES Vessels and equipment 412 406 Common equity 649 669 Newbuildings 61 79 Hybrid capital 110 110 Investments in associates 350 352 Total equity 759 779 Finance lease receivables 1,022 999 Ot
Slide 8: Financing Initiatives During and After Quarter End
FINANCING INITIATIVES DURING AND AFTER QUARTER END ▪ During the quarter, refinanced two container vessels and two suezmax tankers Secured ▪ After quarter end, refinanced two LEG vessels financing ▪ All vessels refinanced at significantly improved terms ▪ Ocean Yield successfully completed a new seni
Slide 9: Outlook
OUTLOOK Low portfolio risk, robust balance sheet and strong liquidity 1 make Ocean Yield well positioned for further selective growth Strong access to capital at attractive cost increases 2 competitive position Continued focus on developing partnerships and strategic 3 investments with industry lead
Slide 10: 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