Wilh. Wilhelmsen Holding Asa Class A · OSL:WWI
Wilh. Wilhelmsen Holding Asa Class A — Q3 2021 Earnings Presentation
19 slides from Wilh. Wilhelmsen Holding Asa Class A's earnings presentation, November 2021
Slide 1: Wilh. Wilhelmsen Holding ASA Third quarter 2021
Wilh. Wilhelmsen Holding ASA Third quarter 2021 November 2021
Slide 2: Highlights for Q3 2021
Wilh. Wilhelmsen Holding ASA group Highlights for Q3 2021 Steady EBITDA - USD 38 million Increased share of profit from joint ventures and associates - USD 24 million profit Reduced value of financial assets - USD 187 million net financial loss Net loss to equity holders of the parent - USD 99 milli
Slide 3: Maritime Services: Increased income, but remains below pre-pandemic level
Maritime Services Increased income, but remains below pre-pandemic level Total income and adjusted EBITDA margin *) USD 138 million total income • Up 9% y-o-y. Total income EBITDA USD mill margin (adj.) • Sale of marine products continued the gradual recovery but 160 +9% +2% 25% remained below pre-p
Slide 4: New Energy: Continued year-over-year increase in income and EBITDA
New Energy Continued year-over-year increase in income and EBITDA Total income and adjusted EBITDA margin *) USD 76 million total income • Up 9% y-o-y mainly due to stronger NOK vs. USD. Total income EBITDA USD mill margin (adj.) • Reduction in logistics activities at Norwegian supply bases and 100
Slide 5: Minor increase in asset market value driven by Wallenius Wilhelmsen
Strategic Holdings and Investment Minor increase in asset market value driven by Wallenius Wilhelmsen Direct investments – Value adjusted USD 20 million share of profit from associates (WAWI and TRE based on share price, other financial investments based on account value) • Improved profit in Wallen
Slide 6: Outlook
Wilh. Wilhelmsen Holding ASA group Outlook Maritime Services Continued increase in general activity level. Cruise activity below pre-pandemic levels for rest of 2021. New Energy Reduction in offshore activity during Nordic winter season. Wilhelmsen group Underlying trend is positive, supporting a gr
Slide 7: Third quarter 2021 - Financials
Wilh. Wilhelmsen Holding ASA Third quarter 2021 - Financials November 2021
Slide 8: EBITDA and profit from associates offset by financial loss
Wilh. Wilhelmsen Holding ASA group EBITDA and profit from associates offset by financial loss Q-on-Q Y-o-Y USD million Q3'21 Q2'21 Change Q3'20 Change Total income 216 224 -4 % 198 9% - of which operating revenue 216 225 -4 % 199 9% - of which gain/(loss) on sale of assets (0) (1) (1) EBITDA 38 40 -
Slide 9: Operating cash flow offset by investments, dividend, and debt payments
Wilh. Wilhelmsen Holding ASA group Operating cash flow offset by investments, dividend, and debt payments Cash flow – YTD Q3’21 (MUSD) -17 45 -53 57 269 -26 -40 -19 214 31.12.2020 Operating Operating Operating Investing Dividend Net debt Other 30.09.2021 Maritime New other activities and issue/repay
Slide 10: Balance sheet remains solid
Wilh. Wilhelmsen Holding ASA group Balance sheet remains solid Wilhelmsen group total assets and equity ratio Debt maturity profile USD mill Equity ratio USD mill. 297 4 000 70% 300 65% 60% 250 3 000 215 50% 200 2 000 40% 150 30% 82 100 1 000 20% 50 18 22 0 10% 0 Q3 Q3 Q3 Q2 Q3 Due in Due in Due in
Slide 11: Second dividend of NOK 3.00 per share payable 6 December
Wilh. Wilhelmsen Holding ASA group Second dividend of NOK 3.00 per share payable 6 December Dividend payments 1) Cash to shareholders 2) NOK/share Yield (%) USD mill. 8,00 8 70 7,00 7 60 55 6,00 6 50 5,00 5 42 40 4,00 4 31 28 30 3,00 3 20 2,00 2 9 10 1,00 1 0,00 0 0 2017 2018 2019 2020 2021 2017 201
Slide 12: Supplementary slides – Third quarter 2021
Supplementary slides – Third quarter 2021 Maritime Services Ships Service Ship Management New Energy NorSea Group Strategic Holdings and Investment Wallenius Wilhelmsen ASA Treasure ASA Financial investments
Slide 13: Ships Service
Ships Service Wilhelmsen Ships Service is a global provider of standardised product brands and service solutions to the maritime industry, focusing on marine products and ships agency. Wilhelmsen Ships Service is fully owned by Wilhelmsen. Q3’21 highlights Total income • Total income for Ships Servi
Slide 14: Ship Management
Ship Management Wilhelmsen Ship Management provides full technical management, crewing and related services for all major vessel types. Wilhelmsen Ship Management is fully owned by Wilhelmsen. Q3’21 highlights Total income • Total income for Ship Management was USD 12 million. This was USD mill up 1
Slide 15: NorSea Group
NorSea Group NorSea Group provides supply bases and integrated logistics solution to the offshore industry. Wilhelmsen owns 75,2% of NorSea Group (as per 30 September 2021). Q3’21 highlights Total income • Total income for NorSea Group was USD 66 million. This was up USD mill +6% -10% 6% year-over y
Slide 16: Wallenius Wilhelmsen ASA
Wallenius Wilhelmsen ASA Wallenius Wilhelmsen ASA is a is a market leader in RoRo shipping and vehicle logistics and is listed on Oslo Børs. Wilhelmsen owns 37,8% of Wallenius Wilhelmsen ASA (as per 30 September 2021). Q3’21 highlights Market value of Wilhelmsen’s investment • Share of profit from W
Slide 17: Treasure ASA
Treasure ASA Treasure ASA holds a 11.0% ownership interest in Hyundai Glovis and is listed on Oslo Børs. Wilhelmsen owns 74,8% of Treasure ASA (as per 30 September 2021). Q3’21 highlights Market value of Wilhelmsen’s investment • Change in fair value of the shareholding in Hyundai Glovis was a USD m
Slide 18: Financial investments
Financial investments Financial investments include cash and cash equivalents, current financial investments and financial assets held by the parent and fully owned subsidiaries reported under the Strategic Holdings and Investment segment. Q3’21 highlights Market value of Wilhelmsen’s financial inve
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Wilh. Wilhelmsen Holding — Q3 2021 Earnings Presentation on 6ix