Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — First Ship Lease Trust — Q1 FY2016 Earnings Presentation

11 slides from Singapore Exchange's earnings presentation, May 5, 2016

  1. Slide 1: FSL Trust 1Q FY2016 Financial Results

    F S L Tr u s t 1Q FY2016 Financial Results 5 May 2016

  2. Slide 2: 1QFY16 – Key financial highlights

    1QFY16 – Key financial highlights  Revenue increased by 8% year-on-year to US$ 26.7 million  Net cash generated from operations increased by 14% year-on-year to US$ 16.1 million  Net profit of US$ 2.3 million reported despite:  Disposal of two panamax containerships in January resulting in:  Lo

  3. Slide 3: Performance review

    Performance review Inc/(Dec) US$’000 1QFY16 1QFY15 % Revenue 26,666 24,783 7.6 Operating profit 9,089 6,707 35.5 (1) Profit/(Loss) for the quarter 2,270 5,060 (55.1) Net cash generated from 16,117 14,185 13.6 operations Debt outstanding 263,633 306,920 (14.1)  Revenue increased despite reduced flee

  4. Slide 4: Fleet deployment by revenue

    Fleet deployment by revenue (1) Market-rate BBC 17% Fixed-rate BBC Pool/RSA 41% 20% Time charter 22% Note 1: BBCE revenue for the 3 months ended 31 March 2016 4

  5. Slide 5: Operational performance

    Operational performance BBCE revenue by vessel type (US$ million) 5

  6. Slide 6: Lease maturity of vessels

    Lease maturity of vessels Vessel Year build Size (DWT) Product Tankers Cumbrian Fisher 2004 12,921 Clyde Fisher 2005 12,984 Shannon Fisher 2006 5,421 Solway Fisher 2006 5,421 Speciality 2006 4,426 Seniority 2006 4,426 Superiority 2007 4,426 TORM Margrethe 2006 109,672 TORM Marie 2006 109,672 FSL Ham

  7. Slide 7: Revenue backlog

    Revenue backlog Remaining contracted revenue stood at US$140 million (1) as at 31 March 2016 Bareboat charter Time charter Note 1: Based on revenue from 9 bareboat charters (excluding the TORM charters on variable rates and Shannon Fisher) and from time charter contracts with Tesoro (FSL Hong Kong)

  8. Slide 8: Scheduled dry docks for the next 12 months

    Scheduled Scheduleddry docks for the next Dry Docks for 12 themonths Next 12 Months FSL managed fleet - Vessels planned for dry docking Vessel Date FSL London 2QFY16 FSL New York 3QFY16 FSL Tokyo 3QFY16 FSL Hong Kong Q1FY17 Latest dry dock Vessel Date FSL Hamburg 4QFY15 FSL Singapore 4QFY15 8

  9. Slide 9: Scheduled Redeliveries

    FY2016 scheduled Scheduled redeliveries as at 3QFY14 Redeliveries 2016 2017 Ever Radiant Containership Redelivered and sold Ever Respect Shannon Fisher Product Negotiation of bareboat renewal tanker Solway Fisher  Four vessels on fixed-rate bareboat charters redelivering in 2016  Ever Radiant and

  10. Slide 10: Summary and outlook

    Summary and outlook  Summary  Strong financial performance achieved – significant increase in revenue and net cash generated  Eighth consecutive profitable quarter  The disposal of two panamax containerships did not signficantly affect the profitability of the Trust  TC contracts entered in FY2

  11. Slide 11: Thank You

    Thank You

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