13 slides from S.d. Standard Etc's earnings presentation, Nov 1, 2023
Slide 1: Standard ETC Second Quarter 2023
@T\ STANDARD ETC CJ iJ Second Quarter 2023
Slide 2: Forward-looking Statements
Forward-looking Statements
Slide 3: Standard ETC in brief; Second Quarter 2023 Highlights; Portfolio Update
Standard ETC in brief Second Quarter 2023 Highlights Portfolio Update
Slide 4: Standard ETC company overview
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 2023 Highlights
Standard ETC in brief Second Quarter 2023 Highlights Portfolio Update
Slide 6: 2Q23 Highlights
2Q23 Highlights 2q23 results – Net loss of USD 14.4m • DDRIL (41m shares): Unrealized loss of USD 17.8m following the USD 60m placement in late June • STSU (100m shares) Unrealized gain and dividends received of USD 2.6m At quarter end Listed Portfolio of USD 79m and ETC Portfolio of USD 47m Commerc
Slide 7: Portfolio Update
Standard ETC in brief First Quarter 2023 Highlights Portfolio Update
Slide 8: Listed Portfolio – Dolphin Drilling (41m shares/ 20% ownership)
Listed Portfolio – Dolphin Drilling (41m shares/ 20% ownership) Commercial highlights • In June 2023 Dolphin acquired two semi-submersible rigs from Transocean for USD 61.5m • Showcasing operational capacity to incorporate additional assets and generate robust cash flow New acquisition Borgland Dolp
Slide 9: Listed Portfolio – Standard Supply (100m shares/ 53% ownership)
Listed Portfolio – Standard Supply (100m shares/ 53% ownership) Commercial highlights • Second quarter TCE of USD 15,600, increasing to USD 17,700 per day in July Global term rates (Clarkson) Commercial highlights 45 40 • In June 2023 Dolphin acquired two semi-submersible rigs from Transocean for US
Slide 10: Appendix
STANDARD ETC
Slide 11: Income statement
Income statement Three Months Ended Six Months Ended 2023 2022 2023 2022 (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 (16 353) 10 820 (15 902) 11 581 Changes in fair value on fi
Slide 12: Balance sheet
Balance sheet (Amounts in USD 000) Note 30.06.2023 31.12.2022 ASSETS Unaudited Audited Equipment and machinery - - Financial assets at fair value through profit or loss 4.1 78 765 87 762 Total non-current assets 78 765 87 762 Receivables and prepayments 7 535 77 Financial assets at fair value throug
Slide 13: Cash flow statement
Cash flow statement Six Months Ended 2023 2022 Q2 Q2 (Amounts in USD 000) Note Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES (Loss) / profit for the period before income tax (13 137) 23 827 Unrealised exchange loss 61 29 Interest income (1 218) (64) Dividend Income 5 (2 089) (11 304) Fair