Ocean Yield ASA — Q3 2024 Earnings Presentation
10 slides from Ocean Yield ASA's earnings presentation, Nov 20, 2024
Slide 1: Q3 2024 Presentation
Q3 2024 PRESENTATION 20th November 2024
Slide 2: Quarterly Highlights
QUARTERLY HIGHLIGHTS Continued strong financial results USD 94.6m USD 23.2m Adj. EBITDA Net profit Robust financial position 34.0% USD 395.1m Equity ratio Available liquidity Key financials High earnings visibility USD 4.5bn 10.0 years Adj. EBITDA backlog Average charter tenor Investment in LNG port
Slide 3: Backlog Split by Segment and Client
BACKLOG SPLIT BY SEGMENT AND CLIENT EBITDA BACKLOG1 BY SEGMENT (USDM) EBITDA BACKLOG1 BY CLIENT Oil service Product & Chemical 5% Gas carriers 10% 27% Others 22% Containers 17% USD 19 4.5bn clients 12% 23% 18% 9% 11% Crude tankers 10% Dry bulk European IG (1) 1) EBITDA adjusted for Repayment of fina
Slide 4: Portfolio Update
PORTFOLIO UPDATE DELIVERIES / CHARTERS OPTIONS EXERCISED VESSELS SOLD ▪ Zim Danube Mineral Eire was wasdelivered deliveredfrom from thethe yard ▪ Purchase options were declared for ▪ Poliegos and Hoegh Jeddah were and commenced yard and commenced15-yearseven-year bareboat time Interlink Fortuity and
Slide 5: Financial Snapshot
FINANCIAL SNAPSHOT ADJUSTED EBITDA1 Q3 2024 KEY FINANCIALS USD million 96.8 96.6 94.6 USD 55.9m USD 94.6m 87.4 86.5 88.2 82.8 77.0 79.0 73.6 EBITDA Adjusted EBITDA 64.8 66.1 68.4 54.7 USD 23.2m USD 60m Net profit Quarterly dividend USD 395.1m 34.0% Available liquidity Equity ratio Q2 Q3 Q4 Q1 Q2 Q3
Slide 6: Income Statement
INCOME STATEMENT INCOME STATEMENT Q2 Q3 Amounts in USD million 2024 2024 Operating revenues 22.3 21.0 Finance lease revenues 33.4 32.1 Income from investments in associates 4.8 4.8 Other revenue 3.2 3.1 Total revenues and other income 63.7 61.0 Total operating expenses (5.3) (5.1) Depreciation and a
Slide 7: Balance Sheet
BALANCE SHEET BALANCE SHEET Q2 Q3 Q2 Q3 Amounts in USD million 2024 2024 2024 2024 ASSETS EQUITY AND LIABILITIES Vessels and equipment 486 439 Common equity 668 677 Newbuildings 78 88 Hybrid capital 104 75 Investments in associates 193 182 Total equity 772 752 Finance lease receivables 997 955 Restr
Slide 8: Financing Initiatives During and After Quarter End
FINANCING INITIATIVES DURING AND AFTER QUARTER END ▪ Refinanced several secured loan facilities with a total positive liquidity effect of Secured debt USD 31 million ▪ Issued a five-year senior unsecured bond (OCY11) carrying a coupon of NIBOR + 315 bps Nordic bonds ▪ Exercised call option for the p
Slide 9: Outlook
OUTLOOK 1 Low portfolio risk, robust balance sheet and strong liquidity makes Ocean Yield well positioned for further selective growth 2 Cautious market view on the back of normalizing shipping markets into 2025 3 Continued ambition to contribute to the decarbonization of the maritime industry
Slide 10: Company Contacts
COMPANY CONTACTS: Andreas Røde, CEO +47 98 22 85 62 andreas.rode@oceanyield.no Eirik Eide, CFO +47 95 00 89 21 eirik.eide@oceanyield.no Karl Fredrik Schjøtt-Pedersen, SVP Finance & IR +47 95 13 23 35 karl.pedersen@oceanyield.no www.oceanyield.no/investor-relations