Slide 1: Presentation 1st Quarter 2013
Presentation 1st Quarter 2013 Bømlo 13.05.2013 CEO Jan Fredrik Meling
Slide 2: News in 1st Quarter
News in 1st Quarter Delivery of Seven Viking and commencement of 8-year contract to Subsea 7
Slide 3: 1st Quarter 2013 results
1st Quarter 2013 results Revenues MNOK 213,2 (220,5) EBITDA: MNOK 101,6 (114,9) Pre-tax profit: MNOK -32,9 (95,3) Proposed dividend pr share: NOK 1,00 (1st Quarter 2012 in brackets)
Slide 4: Results 1st Quarter 2013
Results 1st Quarter 2013 (in million NOK, Gain on sale excluded) Operating revenues The results in 1st quarter are influenced of: 300 -Viking Prince and Viking Princess delivered and 250 operated on contract 200 -Viking Nereus purchased and operated in the spot 150 market 100 -Viking Thaumas and Vik
Slide 5: Cash flow (in million NOK)
Cash flow (in million NOK) 1st Quarter 1st Quarter 2013 2012 2012 Net cashflow from operating activities 46,6 116,7 491,4 Net cashflow from investment activities (81,7) (366,7) (738,3) Net cashflow from finance activities (115,6) 233,8 290,3 Net changes in cash holdings (150,7) (16,2) 43,4 Cash at b
Slide 6: Balance
Balance (in million NOK) 6 000 Current assets Short-term liabilities 5 000 Current assets Short-term liabilities 4 000 Long-term liabilities 3 000 Long-term liabilities Fixed assets Fixed assets 2 000 1 000 Equity Equity 0 Assets 31.03.13 Equity and Assets 31.03.12 Equity and Liabilities Liabilities
Slide 7: Segments
Segments Incl. Share of Joint Ventures Excluded gain on sale (MNOK) 1st Quarter 2013 Seismic Subsea Supply Other Revenues 59,5 93,9 87,0 6,4 Revenues Q1 2013 EBITDA 57,2 59,3 27,0 -13,0 EBIT 26,1 32,2 -4,9 -13,3 EBITDA margin 96% 63% 31% N/A EBIT margin 44% 34% -6% N/A 1st Quarter 2012 Seismic Subse
Slide 8: Contract backlog (per 31-Mar-2013)
Contract backlog (per 31-Mar-2013) 8
Slide 9: Contract status seismic
Contract status seismic Viking Vanquish Viking Vision Veritas Viking Viking 2 Veritas Vantage Geo Searcher Oceanic Vega Oceanic Sirius 2013 2014 2015 2016 2017
Slide 10: Contract status subsea
Contract status subsea Subsea Viking Acergy Viking Viking Poseidon Viking Forcados European Supporter Seven Viking Kleven no 365 2013 2014 2015 2016 2017
Slide 11: Contract status supply
Contract status supply Viking Queen Viking Lady Viking Athene Viking Energy Viking Avant Viking Nereus Viking Prince Viking Princess 2013 2014 2015 2016 2017
Slide 12: Market
Market • The North-Sea supply market was weak during the Quarter, however we experience some improvement in current month. • • For the coming months we expect higher activity in the PSV segment, due to more rigs that commence drilling campaigns and startup of seasonal projects. • • We expect that th
Slide 13: Thanks for Your attention!
<> Eidesvik Thanks for Your attention! Your Partner in Shipping