Gaztransport & Technigaz Sa · EURONEXT:GTT
Gaztransport & Technigaz Sa — Q1 2018 Earnings Presentation
11 slides from Gaztransport & Technigaz Sa's earnings presentation, Apr 12, 2018
Slide 1: Investor Presentation Q1 2018 Activity
Investor Presentation Q1 2018 Activity April 12, 2018
Slide 2: Disclaimer
Disclaimer This document contains information resulting from testing, experience and know-how of GTT, which are protected under the legal regime of undisclosed information and trade secret (notably TRIPS Art. 39) and under Copyright law. This document is strictly confidential and the exclusive prope
Slide 3: Disclaimer
Disclaimer This presentation does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction. It includes only summary information and does not purport to be comprehensive. No representation,
Slide 4: Key Highlights
Key Highlights Q1 2018 Revenues: €64.2 million (+12.4%) Order book: strong level of orders CORE BUSINESS Order book: 83 units Q1 2018 movements in the order book 65 LNGC 2 FLNG New orders: 11 (10 LNGC, 1 FSRU) 13 FSRU 2 Onshore storage Deliveries: 17 LNGC 1 Barge NEW BUSINESS (LNG FUEL) Order book:
Slide 5: Asian LNG imports growing in 2018 vs. 2017 (Jan. / Feb.)
Asian LNG imports growing in 2018 vs. 2017 (Jan. / Feb.) Top LNG importers demand comparison 2018 vs. 2017 2017 trends confirmed Demand from top LNG importing countries is still growing: Coal to Gas switch, especially in China due to environmental considerations and LNG competitiveness vs. coal Lowe
Slide 6: LNG Shipping: spot market
LNG Shipping: spot market Spot chart rates evolution since 2014 Recovering trend since 2016 Down since Q1 2018 due to: Seasonal effect Production stopped for 2 months at PNG LNG (Papua New Guinea); numerous available vessels in the Pacific area 6
Slide 7: Many liquefaction projects ready to be sanctioned in order to fulfill demand growth
Many liquefaction projects ready to be sanctioned in order to fulfill demand growth Fortuna FLNG late compared to initial schedule – FID still planned for 2018 Several projects have signed long term SPAs: Corpus Christi T3 : Cheniere / CNPC (China): 1.2 Mtpa over 25 years Cheniere / Trafigura: 1 Mtp
Slide 8: LNG Fuel recent developments
LNG Fuel recent developments LNG Brick® Intended for medium-sized merchant vessels with capacities range between 1,000 and 3,000 m3 Completion of the test phase at the end of March 8
Slide 9: First quarter 2018 consolidated revenues
First quarter 2018 consolidated revenues Summary financials Key highlights in € M Q1 2017 Q1 2018 Change Total revenues: €64.2 million (+12.4%) (%) Revenues 57.1 64.2 +12.4% Revenues from royalties: €61.5 million Royalties 53.6 61.5 +14.9% (+14.9%) mainly driven by LNGCs (+19.5%) % of revenues 94% 9
Slide 10: 2018 Outlook confirmed
2018 Outlook confirmed GTT revenue(1) 2018 consolidated revenue estimated in a range of €235 M to €250 M EBITDA 2018 consolidated EBITDA estimated in a range of €145 M to €155 M Dividend 2018 dividend amount at least equivalent to 2015 - 2017 Payment(2) 2019 payout of at least 80% (1) In the absence
Slide 11: Contact
Contact: information-financiere@gtt.fr / +33 1 30 23 20 87
Gaztransport & Technigaz (GTT) — Q1 2018 Earnings Presentation on 6ix