Awilco Lng Asa · OSL:ALNG
Awilco Lng Asa — Q4 2024 Earnings Presentation
19 slides from Awilco Lng Asa's earnings presentation, Feb 25, 2025
Slide 1: Fourth quarter 2024
Fourth quarter 2024 February 25, 2025 www.awilcolng.no -1-
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
Slide 3: Company overview
Company overview Awilco LNG is a fully integrated pure play LNG transportation provider, owning and operating LNG carriers. The Company currently own 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
Slide 4: Agenda February 25, 2025
Agenda February 25, 2025 1. Highlights 2. Financials fourth quarter 2024 3. Market update 4. Summary www.awilcolng.no -4-
Slide 5: Highlights
Highlights Awilco LNG reports a net profit of USD 1.5 million and earnings per share of USD 0.01 in the fourth quarter 2024, up from a net loss of USD 0.3 million and USD 0.00 per share in the third quarter 2024. The result for the year 2024 ended at USD 17.1 million and USD 0.13 per share Net f
Slide 6: Agenda February 25, 2025
Agenda February 25, 2025 1. Highlights 2. Financials fourth quarter 2024 3. Market update 4. Summary www.awilcolng.no -6-
Slide 7: Fourth quarter 2024 income statement
Fourth quarter 2024 income statement USD million Q4’24 Q3’24 2024 2023 Freight income 10.6 12.8 67.6 80.7 Voyage related expenses (1.3) (1.4) (3.2) (1.3) Net freight income 9.3 10.7 64.3 79.4 Other income 3.7 0.0 3.7 5.0 Operating expenses (3.0) (2.6) (11.9) (11.3) Administration expenses (1.2) (0.8
Slide 8: Fourth quarter 2024 financial position
Fourth quarter 2024 financial position USD million 31.12.24 30.09.24 31.12.23 Vessels 302.1 306.0 317.3 Other fixed assets 0.6 0.6 0.5 Total non-current assets 302.7 306.6 317.8 Trade receivables 2.8 2.8 2.8 Other short term assets 6.2 3.9 2.2 Cash and cash equivalents 23.5 25.7 27.1 Total current a
Slide 9: Fourth quarter 2024 cash flow
Fourth quarter 2024 cash flow USD million Q4’24 Q3’24 2024 2023 Cash Flows from Operating Activities: Profit/(loss) before taxes 1.5 (0.3) 17.1 38.3 Income taxes paid - - - - Interest and borrowing costs expensed 3.8 4.0 20.9 18.8 Depreciation, amortisation and impairment 3.9 3.9 15.6 12.9 Trade rec
Slide 10: Agenda February 25, 2025
Agenda February 25, 2025 1. Highlights 2. Financials fourth quarter 2024 3. Market update 4. Summary www.awilcolng.no - 10 -
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 • Rates in the spot market have been seen at all time low levels where the most modern vessels have been willing to accept rates at, o
Slide 12: LNG export and import
LNG export and import Q4 2024 vs Q4 2023 (YoY change) Russia North America and Caribbean Africa Middle East and Gulf South America Europe Asia and Oceania -5 -4 -3 -2 -1 0 1 2 3 Import (in MT) Export (in MT) • European import continue to decrease year over year for the quarter due to high gas prices
Slide 13: Gas prices
Gas prices USD/MMBTU 100 90 80 70 60 50 40 30 20 10 0 01.2020 04.2020 07.2020 10.2020 01.2021 04.2021 07.2021 10.2021 01.2022 04.2022 07.2022 10.2022 01.2023 04.2023 07.2023 10.2023 01.2024 04.2024 07.2024 10.2024 01.2025 04.2025 07.2025 10.2025 01.2026 US (HH) Asia (JKM) Europe (TTF) • Gas prices r
Slide 14: Trainspotting – new LNG production
20 Trainspotting – new LNG production 800 18 MTPA 750 MTPA 16 700 14 650 12 600 10 550 8 500 6 4 450 2 400 0 350 2025 2026 2027 2028 2029 2030 Total capasity (RHS) • ~ 355 MTPA new capacity currently under construction or in advanced stages of development, of which ~200 MTPA have FID • Several new L
Slide 15: LNG fleet and orderbook
LNG fleet and orderbook NO. VESSELS TOTAL FLEET 1200 100 1000 80 800 60 600 40 400 20 200 0 0 Fixed (LHS) Available (LHS) Delivered (LHS) Total fleet (RHS) • Orderbook for LNGC stands at 322 (excluding 11 Arc-7) of which only 19 are unfixed • Contract prices, interest rates and charter rates are all
Slide 16: Agenda February 25, 2025
Agenda February 25, 2025 1. Highlights 2. Financials Fourth quarter 2024 3. Market update 4. Summary www.awilcolng.no - 16 -
Slide 17: Summary
Summary The Company report a positive result for the quarter and full year of USD 1.5 million and USD 17.1 million respectively WilForce continue to trade in a challenging spot market, idle periods must be expected A comfortable cash position, reduced cash brake-even and one vessel trading on
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 -
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 -