Paratus Energy Services Ltd. · OSL:PLSV
Paratus Energy Services — Q1 2025 Earnings Presentation
9 slides from Paratus Energy Services's earnings presentation, May 28, 2025
Slide 1: Q1 2025 Interim Results Presentation
Paratus Energy Q1 2025 Interim Results Presentation
Slide 2: Q1 highlights and post-quarter developments
Q1 highlights and post-quarter developments Company highlights Key figures (USDm) • Achieved technical utilization of approximately 99% across the fleet. Revenue 109 103 • Reported $103 million in combined segment revenues and $58 million in 55 56 adjusted EBITDA. 54 47 • Declared a $0.22 per share
Slide 3: Operational update – Seagems
Seagems JV Operational update – Seagems(1) Operational highlights Resilient financials and strong margins 200 USDm EBITDA margin % Revenue EBITDA 90% 77% 80% 150 70% $112m $65m 106 109 112 61% 60% 55% 50% 100 80 Revenue EBITDA 65 40% 55 30% 50 20% 10% 0 0% Q1 2024 Q4 2024 Q1 2025 61% $1.7bn Fleet st
Slide 4: Operational update – Fontis
Operational update – Fontis Operational highlights Resilient financials and strong margins USDm 90% EBITDA margin % Revenue EBITDA 80% 100 70% $47m $27m 56% 59% 60% 55 51% 50% 54 47 40% Revenue EBITDA 50 31 28 27 30% 20% 10% 0 0% Q1 2024 Q4 2024 Q1 2025 59% $139m Fleet status overview (dayrates in U
Slide 5: Financial summary
Financial summary Combined Segment Profit/(Loss) summary Key drivers (USDm) 12 Quarter-on-Quarter Combined Segment figures Quarter Year-on-Year 10 (USDm) Q4 2024 Q1 2025 ∆ Q1 2024 Q1 2025 ∆ 3 3 Contract revenues 109 103 (6) 109 103 (6) Tax on revenues (3) (3) – (3) (3) – 2 1 Amortization favorable c
Slide 6: Cash flow analysis
Cash flow analysis Commentary Cash flow analysis (USDm) • At Paratus consolidated level, exited the quarter with a cash balance of $156 million (year-end 2024: $86 million) 17 115 (4) • Strong operating cash flow of $115 million driven by a $209 million (3) collection from the client in Mexico 156 •
Slide 7: Capital structure and key balance sheet figures
Capital structure and key balance sheet figures Debt maturity profile Key figures per segment (USDm) Cash 246 14 176 • Net Leverage Ratio 2.2x1 as of Q1 2025 (Q4 2024: 2.5x1) 165 127 15 20 99 18 232 • New capex funding of $30 million at Seagems in Q4 2024 150 12 156 109 86 • Debt agreements allow fo
Slide 8: Attractive dividend yield, substantial backlog visibility, efficient capital structure
Attractive dividend Substantial backlog Efficient and flexible yield visibility capital structure 8
Slide 9: Disclaimer
Disclaimer This document and any information provided in this presentation (the "Presentation") has been prepared by Paratus Energy Services Ltd (the "Company") solely for the purposes of providing existing investors and other stakeholders with an update about certain limited aspects of the Company.
Paratus Energy Services — Q1 2025 Earnings Presentation on 6ix