Ocean Yield ASA — Q4 2024 Earnings Presentation
11 slides from Ocean Yield ASA's earnings presentation, Feb 28, 2025
Slide 1: Q4 2024 Presentation
Q4 2024 PRESENTATION 28th February 2025
Slide 2: Quarterly Highlights
QUARTERLY HIGHLIGHTS Continued strong financial results USD 86.5m USD 25.8m Adj. EBITDA Net profit Robust financial position 31.2% USD 110.6m Equity ratio Available liquidity Key financials High earnings visibility USD 4.2bn 10.4 years Adj. EBITDA backlog Average charter tenor Closing of LNG investm
Slide 3: Fleet and Backlog Composition
FLEET AND BACKLOG COMPOSITION FLEET COMPOSITION EBITDA BACKLOG1 BY SEGMENT EBITDA BACKLOG1 BY CLIENT Gas carriers 16 Oil service Product & Others Chemical Gas carriers Crude 16 5% European IG (3) 10% 25 % 27% 4% Container 10 4% European 15% USD IG (2) 6% 17 Dry bulk 10 Containers 4.2bn clients 6% 14
Slide 4: Portfolio Update
PORTFOLIO UPDATE DELIVERIES / CHARTERS OPTIONS EXERCISED VESSELS SOLD ▪ Zim Danubeofwas The closing delivered the Geogas LNGfrom the investment ▪ Purchase option was declared for Hafnia ▪ Detroit Express, Barcelona Express, Genoa took place yard in December seven-year and commenced 2024. Seven time
Slide 5: Financial Snapshot
FINANCIAL SNAPSHOT ADJUSTED EBITDA1 Q4 2024 KEY FINANCIALS USD million 96.8 96.6 94.6 USD 49.7m USD 86.5m 87.4 86.5 88.2 86.5 82.8 77.0 79.0 68.4 73.6 EBITDA Adjusted EBITDA 66.1 USD 25.8m USD 0.0m Net profit Quarterly dividend USD 110.6m 31.2% Available liquidity Equity ratio Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 6: Financial Snapshot
FINANCIAL SNAPSHOT ADJUSTED EBITDA1 2024 KEY FINANCIALS USD million 375 341 341 USD 223.1m USD 374.7m 334 311 302 291 299 EBITDA Adjusted EBITDA 249 235 221 208 151 USD 96.6m USD 60.0m Net profit Dividend USD 110.6m 31.2% Available liquidity Equity ratio 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 7: Income Statement
INCOME STATEMENT INCOME STATEMENT Q3 Q4 FY FY Amounts in USD million 2024 2024 2023 2024 Operating revenues 21.0 19.5 67.7 83.2 Finance lease revenues 32.1 29.6 134.6 131.4 Income from investments in associates 4.8 4.8 22.0 19.3 Other revenue 3.1 2.1 12.7 10.0 Total revenues and other income 61.0 56
Slide 8: Balance Sheet
BALANCE SHEET BALANCE SHEET Q4 Q3 Q4 Q4 Q3 Q4 Amounts in USD million 2023 2024 2024 2023 2024 2024 ASSETS EQUITY AND LIABILITIES Vessels and equipment 453 439 433 Common equity 622 677 648 Newbuildings 96 88 97 Hybrid capital 30 75 75 Investments in associates 188 182 316 Total equity 652 752 723 Fi
Slide 9: Financing Initiatives During and After Quarter End
FINANCING INITIATIVES DURING AND AFTER QUARTER END ▪ Progressing well on the financing of four LR1 newbuilding product tankers. The Company Secured debt expects to finalise these loan agreements during the first half of 2025 ▪ Repaid the remaining nominal outstanding NOK 150 million under the bond i
Slide 10: Outlook
OUTLOOK Low portfolio risk, robust balance sheet and strong liquidity 1 makes Ocean Yield well positioned for further selective growth Normalization of shipping markets combined with 2 continued S&P activity expected to create higher demand for sale and leaseback transactions Continued ambition to c
Slide 11: Company Contacts
COMPANY CONTACTS: Andreas Røde, CEO +47 98 22 85 62 andreas.rode@oceanyield.no Eirik Eide, CFO +47 95 00 89 21 eirik.eide@oceanyield.no Karl Fredrik Schjøtt-Pedersen, SVP Finance & IR +47 95 13 23 35 karl.pedersen@oceanyield.no www.oceanyield.no/investor-relations