13 slides from S.d. Standard Etc's earnings presentation, Aug 1, 2024
Slide 1: Standard ETC Second Quarter 2024
@T\ STANDARD ETC CJ iJ Second Quarter 2024
Slide 2: Forward-looking Statements
Forward-looking Statements
Slide 3: Standard ETC in brief, Second Quarter 2024 Highlights, Portfolio Update
Standard ETC in brief Second Quarter 2024 Highlights Portfolio Update
Slide 4: Standard ETC
Standard ETC Company overview • Founded in 2010, listed on Oslo Stock Exchange under ticker SDSD • Actively managing portfolio companies Long history of cyclical asset plays • Offshore Drilling (2010-2013): Ordered 7x JU’s at Keppel, later sold for a total profit of USD 220m • Offshore Supply (2016-
Slide 5: Second Quarter 2024 Highlights
Standard ETC in brief Second Quarter 2024 Highlights Portfolio Update
Slide 6: 2Q24 Highlights
2Q24 Highlights 2q24 results – Net result of USD -5.7m • Asset Portfolio: • DDRIL (41m shares): Unrealized loss of USD 10.0m • STSU (100m shares) Unrealized loss of USD 0.5m • ETC Portfolio: Gain- and interest received of USD 4.9m At quarter end Asset Portfolio of USD 49m and ETC Portfolio of USD 82
Slide 7: Portfolio Update
Standard ETC in brief Second 2024 Highlights Portfolio Update
Slide 8: Portfolio Development
Portfolio Development SDSD Portfolio – Segment per share 3,0 2,5 1,1 0,7 1,1 1,0 1,2 1,0 2,0 Per share in SDSD 1,9 1,7 1,1 1,5 0,5 1,3 1,1 1,0 1,9 1,8 1,8 1,6 1,6 1,6 1,2 0,5 1,0 0,9 1,0 0,5 0,5 0,0 YE'20 YE'21 1q22 2q22 3q22 4q22 1q23 2q23 3q23 4q23 1q24 2q24 Asset Portfolio ETC Portfolio Asset Por
Slide 9: Dolphin Drilling (50m shares/ 17% ownership)
Dolphin Drilling (50m shares/ 17% ownership) Three rigs contracted with firm revenue backlog of USD 480m
Slide 10: Appendix
STANDARD ETC
Slide 11: Income statement
Income statement Three Months Ended Six Months Ended 2024 2023 2024 2023 (Amounts in USD 000) Note Q2 Q2 Q2 Q2 Unaudited Unaudited Unaudited Unaudited Income Changes in fair value on financial assets at fair value through profit or loss 4.1 (10 468) (16 353) (45 451) (15 902) Changes in fair value o
Slide 12: Balance sheet
Balance sheet (Amounts in USD 000) Note 30.06.2024 31.12.2023 ASSETS Unaudited Audited Financial assets at fair value through profit or loss 4.1 40 057 80 973 Total non-current assets 40 057 80 973 Receivables and prepayments 7 964 610 Financial assets at fair value through profit or loss held for t
Slide 13: Cash flow statement
Cash flow statement Six Months Ended 2024 2023 Q2 Q2 (Amounts in USD 000) Note Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES Loss for the period before income tax (11 602) (13 137) Unrealised exchange loss 664 61 Interest income (2 339) (1 218) Dividend Income 5 (26 456) (2 089) Fair valu