Slide 1: Presentation 3rd Quarter 2013
Presentation 3rd Quarter 2013 Oslo 12.11.2013 CEO Jan Fredrik Meling
Slide 2: News in 3rd Quarter
News in 3rd Quarter • Bond loan of MNOK 300 with maturity in 2018 was listed on Oslo Stock Exchange. • The subsea vessel “Viking Forcados” sold, gain MNOK 50,5. • Statoil declared last yearly optional extension for the supply vessel “Viking Queen”. • Statoil declared first of two yearly optional ext
Slide 3: 3rd Quarter 2013 results
3rd Quarter 2013 results Revenues MNOK 299,7 (220,9) (3rd Quarter 2012 in brackets) EBITDA: MNOK 189,9 (123,2) Operating profit MNOK 127,2 (62,7) Pre-tax profit: MNOK 111,2 (99,4) A gain of MNOK 50,5 from sale of «Viking Forcados» was recorded in 3rd Quarter 2013
Slide 4: Results 3rd Quarter 2013
Results 3rd Quarter 2013 (in million NOK, Gain on sale excluded) Operating revenues The results in 3rd quarter compared to last 300 year are influenced of: 250 -Viking Princess delivered in Q3-12 and operated 200 on contract 150 -Subsea Viking had a crane brekadown in Q2-13 100 50 Q3 2011 Q3 2012 Q3
Slide 5: Cash flow (in million NOK)
Cash flow (in million NOK) 3rd Quarter 3rd Quarter 2013 2012 2012 Net cashflow from operating activities 131,7 119,7 491,4 Net cashflow from investment activities 205,4 (425,0) (738,3) Net cashflow from finance activities (203,1) 238,5 290,3 Net changes in cash holdings 134,0 (66,8) 43,4 Cash at beg
Slide 6: Balance
Balance (in million NOK) 6 000 Kortsiktig gjeld Omløpsmidler Omløpsmidler Kortsiktig gjeld 5 000 4 000 Long-term liabilities Long-term liabilities 3 000 Fixed assets Fixed assets 2 000 1 000 Equity Equity 0 Assets 30.09.13 Equity and Assets 30.09.12 Equity and Liabilities Liabilities 30.09.13 30.09.
Slide 7: Segments
Segments Incl. Share of Joint Ventures Excluded gain on sale (MNOK) 3rd Quarter 2013 Seismic Subsea Supply Other Revenues 67,0 96,2 120,1 6,6 Revenues Q3 2013 EBITDA 68,1 51,6 58,9 -4,8 EBIT 39,3 24,2 27,0 -5,2 EBITDA margin 102% 54% 49% N/A EBIT margin 59% 25% 22% N/A 3rd Quarter 2012 Seismic Subse
Slide 8: Contract backlog (per 12.11.2013)
Contract backlog (per 12.11.2013) 8
Slide 9: Contract status seismic
Contract status seismic Viking Vanquish Viking Vision Veritas Viking Viking 2 Veritas Vantage Geo Searcher Oceanic Vega Oceanic Sirius 2013 2014 2015 2016 2017
Slide 10: Contract status subsea
Contract status subsea Subsea Viking Acergy Viking Viking Poseidon European Supporter Seven Viking Kleven no 365 2013 2014 2015 2016 2017
Slide 11: Contract status supply
Contract status supply Viking Queen Viking Lady Viking Athene Viking Energy Viking Avant Viking Nereus Viking Prince Viking Princess 2013 2014 2015 2016 2017
Slide 12: Market
Market • The market for platform supply vessels in the North-Sea has been good in 3rd quarter and we expect this positive trend to continue on long term basis for high quality vessels, but seasonal variations must be expected. • • The Subsea market remains strong with high tender activity and our cl
Slide 13: Thanks for Your attention!
<> Eidesvik Thanks for Your attention! Your Partner in Shipping