Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — First Ship Lease Trust — 1QFY2015 Earnings Presentation

11 slides from Singapore Exchange's earnings presentation, May 14, 2015

  1. Slide 1: FSL Trust 1Q FY2015 Financial Results

    F S L Tr u s t 1Q FY2015 Financial Results 14 May 2015

  2. Slide 2: 1QFY15 – Key financial highlights

    1QFY15 – Key financial highlights  Net cash generated from operations increased by 56.2% year-on-year to US$14.2 million  Net profit of US$5.1 million reported compared to net loss of US$5.0 million in 1QFY14  Gain of US$1.7 million recognised from the disposal of equity stake in TORM  Revenue i

  3. Slide 3: Performance review

    Performance review Inc/(Dec) US$’000 1QFY15 1QFY14 % Revenue 24,783 22,436 10.5 Operating profit 6,707 1,937 246.3 Profit/(Loss) for the quarter 5,060 (4,952) N.M. Net cash generated from 14,185 9,084 56.2 operations Debt outstanding 306,920 347,296 (11.6)  Revenue increased due to improved deploym

  4. Slide 4: Fleet deployment by revenue

    Fleet deployment by revenue (1) Floating rate BBC 13% Pool/RSA Fixed rate 22% BBC 55% Time charter 10% Note 1: BBCE revenue for the 3 months ended 31 March 2015 4

  5. Slide 5: Operational performance

    Operational performance BBCE revenue by vessel type (US$ million) (1) MR -0.1 N.M. (2 vessels) 1.1 Feeder container 1.6 (74%) (2 vessels) 0.4 Aframax 1.4 84% (2 vessels) 2.7 Stainless-steel 1.7 chemical tanker 12% (3 vessels) 1.9 LR2 1.1 138% (2 vessels) 2.6 Specialised tanker 3.0 (14%) (7 vessels)

  6. Slide 6: Lease maturity of vessels

    Lease maturity of vessels 2015 2016 2017 2018 2019 2020 2021 2022 2023 Cumbrian Fisher Clyde Fisher Vessels Shannon Fisher on Solway Fisher fixed- rate Speciality bareboat Product Tanker Seniority charters Superiority TORM Margrethe Market-rate bareboat charter TORM Marie FSL Hamburg FSL Singapore F

  7. Slide 7: Revenue backlog

    Revenue backlog Remaining contracted revenue stood at US$157 million (1) as at 31 March 2015 51 9 8 32 29 3 25 2015 2016 2017 3 Years: 2018 - 2020 Bareboat charter Time charter Note 1: Based on revenue from 12 bareboat charters (excluding the TORM charters on variable rates) and from time charter co

  8. Slide 8: Scheduled Dry Docks for the Next 12 Months

    Scheduled Scheduleddry docks for the next Dry Docks for 12 themonths Next 12 Months FSL managed fleet - Vessels planned for dry docking Vessel Date FSL Hamburg 4Q FY2015 FSL Singapore 4Q FY2015 Latest dry dock Vessel Date FSL London 4Q FY2014 8

  9. Slide 9: Upcoming Scheduled Redeliveries

    Upcoming scheduled Scheduled redeliveries Redeliveries as at 3QFY14 2015 2016 2017 Ever Radiant Containership Ever Respect Vessels on fixed rate Shannon Fisher bareboat charters Solway Fisher Product tanker FSL Hamburg Vessels on FSL Singapore fixed rate time Crude Oil charter FSL Shanghai Tanker Th

  10. Slide 10: Summary and outlook

    Summary and outlook  Summary  Strong financial performance achieved – Significant increase in revenue and net cash generated with fourth consecutive quarter of profit  Recently secured two-year time charter contract on FSL Hong Kong  Board further strengthened with recent appointment of Michael

  11. Slide 11: Thank You

    Thank You

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