Eidesvik Offshore Asa · OSL:EIOF
Eidesvik Offshore Asa — Q2 2014 Earnings Presentation
13 slides from Eidesvik Offshore Asa's earnings presentation, Aug 14, 2014
Slide 1: Presentation 2nd Quarter 2014
Presentation 2nd Quarter 2014 Oslo 14.08.2014 CFO Svein Ove Enerstvedt
Slide 2: 2nd Quarter 2014 results
2nd Quarter 2014 results (2nd Quarter 2013 in brackets) Revenues MNOK 245,7 (242,9) EBITDA: MNOK 124,0 (124,6) Operating profit MNOK 63,4 (67,4) Pre-tax profit: MNOK 5,2 (34,1)
Slide 3: Results 2nd Quarter 2014
Results 2nd Quarter 2014 (in million NOK, Gain on sale excluded) Operating revenue Q2 The results in 2nd Quarter compared to last year are 250 influenced of: 240 246 -Viking Forcados was sold in 3rd Quarter 2013 243 237 -Geo Searcher Was sold in 2nd Quarter 2014 230 2012 2013 2014 EBITDA Q2 EBIT Q2
Slide 4: Results pr 30.06.2014
Results pr 30.06.2014 (in million NOK, Gain on sale excluded) Operating revenue YTD The results YTD compared to last year are influenced 470 of: 460 466 -3 vessels with yard stay in 1st Quarter 2014 458 456 -Viking Forcados was sold in 3rd Quarter 2013 450 -Geo Searcher Was sold in 2nd Quarter 2014
Slide 5: Cash Flow (in million NOK)
Cash Flow (in million NOK) 2nd Quarter 2nd Quarter 2014 2013 YTD 2014 YTD 2013 2013 Net cashflow from operating activities 94,5 175,3 179,6 221,9 483,0 Net cashflow from investment activities 7,1 51,7 (20,9) (30,1) 110,7 Net cashflow from finance activities (115,0) 141,9 (276,0) 26,3 (265,9) Net cha
Slide 6: Balance Equity ratio 30.06.14: 43 % (38 %)
Balance (in million NOK) 7 000 6 000 Current assets Short-term liab. Current assets Short-term liab. 5 000 4 000 Long-term liabilities Long-term liabilities 3 000 Fixed assets Fixed assets 2 000 Equity Equity 1 000 0 Assets Equity and Assets Equity and 30.06.14 Liabilities 30.06.13 Liabilities 30.06
Slide 7: Segments Revenue Q2 2014
Segments Incl. Share of Joint Ventures Excluded gain on sale (MNOK) 2nd Quarter 2014 Seismic Subsea Supply Other Revenue 67,7 102,2 112,1 5,7 EBITDA 66,4 57,4 43,8 -10,0 Revenue Q2 2014 EBIT 39,9 29,9 12,5 -10,5 EBITDA margin 98% 56% 39% N/A EBIT margin 59% 29% 11% N/A 2nd Quarter 2013 Seismic Subse
Slide 8: Contract backlog (per 30.06.2014)
Contract backlog (per 30.06.2014) 8
Slide 9: Contract status seismic
Contract status seismic Viking Vanquish Viking Vision Veritas Viking Viking 2 Veritas Vantage Oceanic Vega Oceanic Sirius 2014 2015 2016 2017 2018
Slide 10: Contract status subsea
Contract status subsea Subsea Viking Acergy Viking Viking Poseidon European Supporter Seven Viking Kleven no 365 2014 2015 2016 2017 2018
Slide 11: Contract status supply
Contract status supply Viking Queen Viking Lady Viking Athene Viking Energy Viking Avant Viking Nereus SPOT Viking Prince Viking Princess 2014 2015 2016 2017 2018
Slide 12: Market
Market The oil companies focus on cost saving programs and the fact that projects are postponed, causes uncertainties in the market. In a short term view, this seems to have influenced all our market segments. The seismic market has been weaker than expected in 2014, and it seems to take some time b
Slide 13: Thanks for Your attention!
Eidesvik Thanks for Your attention!