Awilco Lng Asa · OSL:ALNG
Awilco Lng Asa — Q3 2022 Earnings Presentation
19 slides from Awilco Lng Asa's earnings presentation, Nov 29, 2022
Slide 1: Third quarter 2022
Third quarter 2022 November 29, 2022 www.awilcolng.no -1-
Slide 2: Disclaimer
Disclaimer This presentation may include certain forward-looking statements, forecasts, estimates, predictions, influences and projections regarding the intent, opinion, belief, various assumptions or current expectations of Awilco LNG (the “Company”) and it’s management with respect to, among other
Slide 3: Company overview
Company overview Awilco LNG is a fully integrated pure play LNG transportation provider, owning and operating LNG carriers. The Company owns and operates two 2013-built 156,000 cbm TFDE LNG carriers, WilPride and WilForce, trading in the medium- term market. Awilco LNG is listed on Euronext Expand w
Slide 4: Agenda
Agenda November 29, 2022 1. Highlights 2. Financials third quarter 2022 3. Market update 4. Summary www.awilcolng.no -4-
Slide 5: Highlights
Highlights Awilco LNG had a net loss of USD 5.1 million and loss per share of USD 0.04 for third quarter, down from a net zero result in second quarter 2022. Year to date result ended at USD 0.9 million and USD 0.01 per share as per September 30, 2022 Net freight income of USD 4.8 million in thi
Slide 6: Agenda
Agenda November 29, 2022 1. Highlights 2. Financials third quarter 2022 3. Market update 4. Summary www.awilcolng.no -6-
Slide 7: Third quarter 2022 income statement
Third quarter 2022 income statement USD million Q3’22 Q2’22 YTD ’22 2021 Freight income 8.1 12.3 34.7 59.6 Voyage related expenses (3.3) (2.1) (5.6) (2.4) Net freight income 4.8 10.2 29.1 57.1 Other income 0.0 0.0 0.4 0.1 Operating expenses (2.8) (2.7) (8.1) (10.0) Administration expenses (0.7) (0.8
Slide 8: Third quarter 2022 financial position
Third quarter 2022 financial position USD million 30.09.22 30.06.22 31.12.21 Vessels 319.8 322.6 326.9 Other fixed assets 0.5 0.6 0.7 Total non-current assets 320.3 323.2 327.6 Trade receivables 1.0 1.0 1.0 Financial investments 0.0 0.0 - Other short term assets 0.6 4.6 4.6 Cash and cash equivalents
Slide 9: Third quarter 2022 cash flow
Third quarter 2022 cash flow USD million Q3’22 Q2’22 2021 Cash Flows from Operating Activities: Profit/(loss) before taxes (5.1) 0.0 21.1 Income taxes paid - - - Interest and borrowing costs expensed 3.5 2.8 10.2 Depreciation, amortisation and impairment 3.1 3.3 12.6 Valuation adjustment of securiti
Slide 10: Agenda
Agenda November 29, 2022 1. Highlights 2. Financials third quarter 2022 3. Market update 4. Summary www.awilcolng.no - 10 -
Slide 11: Spot rates
Spot rates USD/DAY 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - WW spot rate ST WW spot rate TFDE Historic ave. spot rate ST Historic ave. spot rate TFDE • The closure of Freeport LNG caused a sharp decline in rates through the summer months. • With the lack of Russian pipeline gas prepa
Slide 12: LNG export and import
LNG export and import Q3 2022 vs Q3 2021 (YoY change) West Africa Russia North America North Africa Middle East and Gulf Latin America Europe Asia -4 -2 0 2 4 6 8 10 12 14 16 Import (in MT) Export (in MT) • Shift of demand from Asia to Europe, mainly due to lack of Russian pipeline gas to Europe, Ch
Slide 13: Gas prices
Gas prices USD/MMBTU 100 90 80 70 60 50 40 30 20 10 0 01/2018 03/2018 05/2018 07/2018 09/2018 11/2018 01/2019 03/2019 05/2019 07/2019 09/2019 11/2019 01/2020 03/2020 05/2020 07/2020 09/2020 11/2020 01/2021 03/2021 05/2021 07/2021 09/2021 11/2021 01/2022 03/2022 05/2022 07/2022 09/2022 11/2022 01/202
Slide 14: Trainspotting
Trainspotting MTPA 16 LNG PROJECTS MTPA 700 14 650 12 600 10 550 8 500 6 450 4 2 400 0 350 Started 2022 Started 2022 2022 2023 2024 2025 2026 2027 2028 2029 2030 Total capasity (RHS) • ~ 264 MTPA new capacity currently under planning or construction of which 83 MTPA still need FID • High activity on
Slide 15: LNG fleet and orderbook
LNG fleet and orderbook NO. VESSELS TOTAL FLEET 1000 100 900 800 80 700 600 60 500 400 40 300 20 200 100 0 0 Fixed (LHS) Fixed Arc7s (LHS) Available (LHS) Delivered (LHS) Total fleet (RHS) • Limited newbuilding deliveries in 2022 and 2023 support a strong market for the next years • Record high orde
Slide 16: Agenda
Agenda November 29, 2022 1. Highlights 2. Financials third quarter 2022 3. Market update 4. Summary www.awilcolng.no - 16 -
Slide 17: Summary
Summary The company has entered an 18-month contract for WilForce, securing full employment for both vessels until third quarter 2024 The Board of Directors have approved a revised dividend policy with the aim to pay quarterly dividends starting in first quarter 2023 Mid- and long-term demand
Slide 18: A Fully Integrated Pure Play LNG Transportation Provider
A Fully Integrated Pure Play LNG Transportation Provider Two 2013 built TFDEs Tier 1 customers Solid owners Experienced Opportunistic strategy management team www.awilcolng.no - 18 -
Slide 19: Contact: CEO and CFO
Jon Skule Storheill CEO Mobile: +47 913 44 356 E-mail: jss@awilcolng.no Per Heiberg CFO Mobile: +47 952 20 264 E-mail: pheiberg@awilcolng.no www.awilcolng.no - 19 -