S.d. Standard Etc Plc · OSL:SDSD
S.d. Standard Etc — Standard ETC — Q1 2023 Earnings Presentation
13 slides from S.d. Standard Etc's earnings presentation, May 1, 2023
Slide 1: Standard ETC First Quarter 2023
@T\ STANDARD ETC CJ iJ First Quarter 2023
Slide 2: Forward-looking Statements
Forward-looking Statements
Slide 3: Standard ETC in brief, First Quarter 2023 Highlights, Portfolio Update
Standard ETC in brief First 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: First Quarter 2023 Highlights
Standard ETC in brief First Quarter 2023 Highlights Portfolio Update
Slide 6: 1Q23 Highlights
1Q23 Highlights 1q23 results – Profit after tax of USD 1.3m • Mainly reflecting dividend from Standard Supply of USD 0.9m • Listed Portfolio of USD 88m and ETC Portfolio of USD 53m Commercial highlights • Received first quarterly dividend from Standard Supply on February 28th • Successful startup fo
Slide 7: Portfolio Update
Standard ETC in brief First Quarter 2023 Highlights Portfolio Update
Slide 8: Listed Portfolio - Dolphin Drilling
Listed Portfolio - Dolphin Drilling Illustrative EBITDA and FCF sensitivity1 Ownership – 31.6m shares (25%) • Market value c. USD 42m per end of March Dayrate scenario Current Avg. 2007-2016 • Active ownership through board representation Int’l semisubmersible market USD 250k USD 355k Strategy UK se
Slide 9: Listed Portfolio - Standard Supply
Listed Portfolio - Standard Supply Global time-charter rates (Clarkson) Ownership – 100.3m shares (53%) • Market value c. USD 46m per end of March 45 • Active ownership through management- and board representation 40 35 Strategy Term rates (USD/GBP) • Low-cost platform with high North Sea spot expos
Slide 10: Appendix
STANDARD ETC
Slide 11: Income statement
Income statement Three Months Ended 2023 2022 (Amounts in USD 000) Note Q1 Q1 Unaudited Unaudited Income Changes in fair value on financial assets at fair value through profit or loss 4.1 451 761 Changes in fair value on financial assets at fair value through profit or loss – held for trading 4.2 (2
Slide 12: Balance sheet
Balance sheet (Amounts in USD 000) Note 31.03.2023 31.12.2022 ASSETS Unaudited Audited Equipment and machinery - - Financial assets at fair value through profit or loss 4.1 88 213 87 762 Total non-current assets 88 213 87 762 Receivables and prepayments 7 409 77 Financial assets at fair value throug
Slide 13: Cash flow statement
Cash flow statement Three Months Ended 2023 2022 Q1 Q1 (Amounts in USD 000) Note Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period before income tax 1 295 8 220 Unrealised exchange (gain) / loss (43) 27 Interest income (531) (12) Dividend Income 5 (977) (97) Fair value (