Cmb.tech NV · EURONEXT:CMBT

Cmb.tech NV — Euronav — Q4 2015 Earnings Presentation

17 slides from Cmb.tech NV's earnings presentation, Jan 28, 2016

  1. Slide 1: Euronav Q4 - 2015 Results (unaudited)

    Euronav Q4 - 2015 Results (unaudited) 28th January 2016

  2. Slide 2: Forward looking statements

    Forward looking statements Matters discussed in this presentation may constitute forward-looking statements under U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the Company’s current views with respect to future events

  3. Slide 3: Agenda

    Agenda  Q4 - 2016 Highlights  Financial Review  Market update  Outlook  Company  Market  Q&A 2

  4. Slide 4: Highlights

    EURO The ocean is our environment Highlights

  5. Slide 5: 4Q - 2015 Highlights

    4Q - 2015 Highlights * Including profit share where applicable ** Excluding technical offhire  EBITDA: USD 160.6m – strongest Quarter since 2008  Volatile but strong market throughout Q4  Sale of Cap Laurent  Outlook Q4 VLCC so far:  Over 46% fixed above USD 75,000 per day Q4 Suezmax so far: 

  6. Slide 6: Financial Overview

    EURO The ocean is our environment Financial Overview

  7. Slide 7: Financial Highlights – Income Statement

    Financial Highlights – Income Statement The most important key figures (unaudited) are: Fourth Fourth in thousands of USD Quarter 2015 Quarter 2014 Full Year 2015 Full Year 2014 Highlights Revenue 225,644 144,866 846,507 473,985 Other operating Income 1,154 4,853 7,426 11,411 Voyage expenses and com

  8. Slide 8: Financial Highlights – Balance Sheet

    Financial Highlights – Balance Sheet 7

  9. Slide 9: Euronav Fleet Operating Days

    Euronav Fleet Operating Days Dry Docks  Q4: 6 Vessels – 3 VLCC, 3 Suezmax (of which 1 JV)  2016: 8 Suezmax (2 JV) expected with 4 VLCC 8

  10. Slide 10: Tanker Market Update

    Tanker Market Update

  11. Slide 11: Tanker Fleet Developments

    Tanker Fleet Developments 10 10

  12. Slide 12: Time charter rates

    Time charter rates Data as at 20 January 2016 11 11

  13. Slide 13: Vessel Values

    Vessel Values Data as at 20 January 2016 12 12

  14. Slide 14: Current Themes

    Current Themes MARKET  China  Return of Iran  Lower oil price – impact on tankers  Volatility in tanker freight pricing 13 13

  15. Slide 15: Outlook

    EURO The ocean is our environment Outlook

  16. Slide 16: Euronav Outlook

    Euronav Outlook  Euronav – vast majority of fleet on water today  Largest exposure per dollar invested in tanker sector  Active portfolio management of our tanker fleet  Delivery 1x VLCC in early Q1 with two to come before May; sale of 1x VLCC and 1x Suezmax; fleet rejuvenation reducing average

  17. Slide 17: Market outlook

    Market outlook  Low Oil Price to stimulate tanker market in 2016  Demand for tankers consistent through Q4 and into 2016  Increased activity in time charter space reflects charterers concerns to capture capacity  VLCC & Suezmax order book - remains moderate  Euronav not complacent but believe c

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