Awilco Lng Asa · OSL:ALNG

Awilco Lng Asa — Pareto Securities' 32nd annual Energy Conference 2025

15 slides from Awilco Lng Asa's conference presentation, Sep 11, 2025

  1. Slide 1: Pareto Securities' 32nd annual Energy Conference

    Pareto Securities’ 32nd annual Energy Conference September 11, 2025 Jon Skule Storheill, CEO www.awilcolng.no -1-

  2. 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

  3. Slide 3: Agenda

    Agenda September 11, 2025 1. Company 2. Market 3. Summary www.awilcolng.no -3-

  4. Slide 4: Company overview

    Company overview Awilco LNG is a fully integrated pure play LNG transportation provider, owning and operating LNG carriers. The Company was founded in 2011 and currently owns and operates two 2013-built 156,000 cbm TFDE LNG carriers, WilPride and WilForce, trading in the medium term and spot market.

  5. Slide 5: Awilco LNG – fully integrated

    Awilco LNG – fully integrated Fully integrated LNG transportation provider Well traded fleet  In-house commercial operation  Established at startup in 2011 42 different charterers 104 terminals called  Fixed more than 100 contracts from spot to Mid-term  ENEL  Eni mid-term clients  ST Shipping

  6. Slide 6: Performance first half 2025

    Performance first half 2025 • WilForce has traded in a challenging spot market since 1H 2025 1H 2024 August 2024 In USD millions, unless stated otherwise Freight income 19.3 44.9 Voyage related expenses 3.2 0.6 • WilPride on legacy fixed rate contract until mid/end EBITDA 7.7 36.4 November Net profi

  7. Slide 7: Agenda

    Agenda September 11, 2025 1. Company 2. Market 3. Summary www.awilcolng.no -7-

  8. Slide 8: Spot rates

    Spot rates USD/DAY 350 000 300 000 250 000 200 000 150 000 100 000 50 000 - WW spot rate TFDE Historic ave. spot rate TFDE • Spot market rates have inched up from very depressed levels in Q1 to mildly depressed in Q2 with hopes for higher activity and rates as winter approaches, but shipyards are wo

  9. Slide 9: Cargo Volumes Increasing - But On Shorter Voyages

    Cargo Volumes Increasing - But On Shorter Voyages • Production increase has started, but much more ahead • Ton-miles decreasing • Seasonal increase in production ahead • Overhang of tonnage needs to be absorbed • The LNG industry is firing on all cylinders • Producers/Traders/Charterers are making a

  10. Slide 10: Oversupply of Vessels – for how long?

    Oversupply of Vessels – for how long? • Orderbook to fleet is coming down from above 50% to 38% today as more ships are delivered than ordered and ATH scrapping • 290 LNGCs on order – erratic new ordering • Abt 40 LNGCs delivered YTD, at start of year 95 deliveries expected. Latest update is maybe 8

  11. Slide 11: Trainspotting – new LNG production

    Trainspotting – new LNG production 20 800 18 MTPA 750 MTPA 16 700 14 650 12 600 10 550 8 500 6 4 450 2 400 0 350 2025 2026 2027 2028 2029 2030 Total capasity (RHS) • 2024 annual LNG production was ~ 417 MTPA Trading fleet was about 600 = 1.4 ship/MTPA (historical average) • ~ 400 MTPA new capacity c

  12. Slide 12: Agenda

    Agenda September 11, 2025 1. Company 2. Market 3. Summary www.awilcolng.no - 12 -

  13. Slide 13: Summary

    Summary  Awilco LNG had net profit in excess of MUSD 60 and paid MUSD 45 in dividend the last three years  Market in 2025 is, and 2026 expected to be challenging – when will it turn and what will the market yield next round?  Ships refinanced in 2024 - reduced Cash BE with USD 9,000 per day per v

  14. Slide 14: 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 - 14 -

  15. Slide 15: Jon Skule Storheill CEO

    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 - 15 -

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