Awilco Lng Asa · OSL:ALNG

Awilco Lng Asa — Q1 2023 Earnings Presentation

19 slides from Awilco Lng Asa's earnings presentation, May 24, 2023

  1. Slide 1: First quarter 2023

    First quarter 2023 May 24, 2023 www.awilcolng.no -1-

  2. Slide 2: Disclaimer

    Disclaimer This presentation may include certain forward-looking statements, forecasts, estimates, predictions, influences and projections regarding the intent, opinion, belief, various assumptions or current expectations of Awilco LNG (the “Company”) and it’s management with respect to, among other

  3. Slide 3: Company overview

    Company overview Awilco LNG is a fully integrated pure play LNG transportation provider, owning and operating LNG carriers. The Company owns and operates two 2013-built 156,000 cbm TFDE LNG carriers, WilPride and WilForce, trading in the medium- term market. Awilco LNG is listed on Euronext Expand w

  4. Slide 4: Agenda

    Agenda May 24, 2023 1. Highlights 2. Financials first quarter 2023 3. Market update 4. Summary www.awilcolng.no -4-

  5. Slide 5: Highlights

    Highlights  Awilco LNG achieved a net result of USD 9.0 million and profit per share of USD 0.07 in first quarter, up from a net result of USD 4.9 million and USD 0.04 per share in fourth quarter 2022  Net freight income of USD 20.5 million in first quarter 2023, up from USD 16.2 million in fourth

  6. Slide 6: Agenda

    Agenda May 24, 2023 1. Highlights 2. Financials first quarter 2023 3. Market update 4. Summary www.awilcolng.no -6-

  7. Slide 7: First quarter 2023 income statement

    First quarter 2023 income statement USD million Q1’23 Q4’22 Q1’22 2022 Freight income 20.7 16.8 14.3 51.5 Voyage related expenses (0.2) (0.6) (0.2) (6.2) Net freight income 20.5 16.2 14.1 45.3 Other income 0.0 0.0 0.4 0.4 Operating expenses (3.0) (2.9) (2.7) (11.0) Administration expenses (0.9) (1.2

  8. Slide 8: First quarter 2023 financial position

    First quarter 2023 financial position USD million 31.03.23 31.12.22 31.03.22 Vessels 315.3 317.1 325.1 Other fixed assets 0.5 0.5 0.6 Total non-current assets 315.8 317.6 325.7 Trade receivables 3.7 3.8 1.0 Financial investments 0.0 0.0 7.5 Other short term assets 0.5 0.6 0.9 Cash and cash equivalen

  9. Slide 9: First quarter 2023 cash flow

    First quarter 2023 cash flow USD million Q1’23 Q4’22 Q1’22 2022 Cash Flows from Operating Activities: Profit/(loss) before taxes 9.0 4.9 6.0 5.8 Income taxes paid - - - - Interest and borrowing costs expensed 4.6 4.2 2.4 12.8 Depreciation, amortisation and impairment 3.2 3.1 3.1 12.7 Valuation adjus

  10. Slide 10: Agenda

    Agenda May 24, 2023 1. Highlights 2. Financials first quarter 2023 3. Market update 4. Summary www.awilcolng.no - 10 -

  11. Slide 11: Spot rates

    Spot rates USD/DAY 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - WW spot rate ST WW spot rate TFDE Historic ave. spot rate ST Historic ave. spot rate TFDE • Despite the extraordinary circumstances, the LNG market remains seasonal and rates have come down as winter ended with high inventor

  12. Slide 12: LNG export and import

    LNG export and import Q1 2023 vs Q1 2022 (YoY change) West Africa Russia North America North Africa Middle East and Gulf Latin America Europe Asia -6 -5 -4 -3 -2 -1 0 1 2 3 Import (in MT) Export (in MT) • Total LNG discharged close to unchanged compared to first quarter last year • Lower export from

  13. Slide 13: Gas prices

    Gas prices USD/MMBTU 100 90 80 70 60 50 40 30 20 10 0 01/2018 03/2018 05/2018 07/2018 09/2018 11/2018 01/2019 03/2019 05/2019 07/2019 09/2019 11/2019 01/2020 03/2020 05/2020 07/2020 09/2020 11/2020 01/2021 03/2021 05/2021 07/2021 09/2021 11/2021 01/2022 03/2022 05/2022 07/2022 09/2022 11/2022 01/202

  14. Slide 14: Trainspotting

    Trainspotting MTPA 20 LNG PROJECTS MTPA 700 18 650 16 14 600 12 550 10 500 8 6 450 4 400 2 0 350 Started 2022 2022 2023 2024 2025 2026 2027 2028 2029 2030 Total capasity (RHS) • ~ 295 MTPA new capacity currently under construction or planning of which 111 MTPA expected to take FID during 2023 • This

  15. Slide 15: LNG fleet and orderbook

    LNG fleet and orderbook NO. VESSELS TOTAL FLEET 1000 100 900 800 80 700 600 60 500 400 40 300 20 200 100 0 0 Fixed (LHS) Fixed Arc7s (LHS) Available (LHS) Delivered (LHS) Total fleet (RHS) • Orderbook for LNGC now stand at 314 of which about 10% are unfixed • Limited newbuilding deliveries in 2023 s

  16. Slide 16: Agenda

    Agenda May 24, 2023 1. Highlights 2. Financials first quarter 2023 3. Market update 4. Summary www.awilcolng.no - 16 -

  17. Slide 17: Summary

    Summary  The Company report a profit for the quarter of USD 9.0 million  Both vessels are trading on fixed rate contracts, securing employment until third quarter 2024 with an average rate of USD 121,500 pd  The Board of Directors approved a dividend of NOK 0.50 per share, payable on or about Jun

  18. Slide 18: A Fully Integrated Pure Play LNG Transportation Provider

    A Fully Integrated Pure Play LNG Transportation Provider Two 2013 built TFDEs Tier 1 customers Solid owners Experienced Opportunistic strategy management team www.awilcolng.no - 18 -

  19. Slide 19: Jon Skule Storheill CEO

    Jon Skule Storheill CEO Mobile: +47 913 44 356 E-mail: jss@awilcolng.no Per Heiberg CFO Mobile: +47 952 20 264 E-mail: pheiberg@awilcolng.no www.awilcolng.no - 19 -

Awilco LNG — Q1 2023 Earnings Presentation on 6ix