Slide 1: Presentation 3rd Quarter 2014
Presentation 3rd Quarter 2014 Oslo 13.11.2014 CEO Jan Fredrik Meling
Slide 2: News after 30.09.2014
News after 30.09.2014 Entered into an agreement for postponement of the newbuilding under construction at Kleven
Slide 3: 3rd Quarter 2014 results
3rd Quarter 2014 results (3rd Quarter 2013 in brackets) Revenues MNOK 259,1 (299,7) EBITDA MNOK 147,6 (189,9) Operating profit MNOK 91,0 (127,2) Pre‐tax profit MNOK ‐8,5 (110,5) (3rd Quarter 2013 figures include a gain on sale of MNOK 50,5)
Slide 4: Results 3rd Quarter 2014
Results 3rd Quarter 2014 (in million NOK, Gain on sale excluded) Operating revenue Q3 The results in 3rd Quarter compared to last year are 300 influenced of: 250 ‐Viking Forcados was sold in 3rd Quarter 2013 249 259 221 ‐Geo Searcher was sold in 2nd Quarter 2014 200 ‐Viking Nereus has been operated
Slide 5: Results pr 30.09.2014
Results pr 30.09.2014 (in million NOK, Gain on sale excluded) Operating revenue YTD The results YTD compared to last year are influenced 750 of: 700 725 ‐3 vessels with yard stay in 1st Quarter 2014 705 679 ‐Viking Forcados was sold in 3rd Quarter 2013 650 ‐Geo Searcher was sold in 2nd Quarter 2014
Slide 6: Cash Flow (in million NOK)
Cash Flow (in million NOK) 3rd Quarter 3rd Quarter 2014 2013 YTD 2014 YTD 2013 2013 Net cashflow from operating activities 181,3 131,7 360,9 353,7 483,0 Net cashflow from investment activities 6,0 205,4 (14,9) 175,2 110,7 Net cashflow from finance activities (147,6) (203,1) (423,6) (176,8) (265,9) N
Slide 7: Balance
Balance (in million NOK) 6 000 Current assets Short‐term liab. 5 000 Current assets Short‐term liab. 4 000 Long‐term liabilities 3 000 Long‐term liabilities Fixed assets Fixed assets 2 000 1 000 Equity Equity 0 Assets Equity and Assets Equity and 30.09.14 Liabilities 30.09.13 Liabilities 30.09.14 30
Slide 8: Segments
Segments Incl. Share of Joint Ventures Excluded gain on sale (MNOK) 3rd Quarter 2014 Seismic Subsea Supply Other Revenue 69,5 103,0 123,5 6,3 EBITDA 69,3 58,6 57,7 ‐3,3 Revenue Q3 2014 EBIT 44,6 28,1 27,2 ‐3,9 EBITDA margin 100% 57% 47% N/A EBIT margin 64% 27% 22% N/A 3rd Quarter 2013 Seismic Subsea
Slide 9: Contract backlog (per 30.09.2014)
Contract backlog (per 30.09.2014) 9
Slide 10: Contract status seismic
Contract status seismic Viking Vanquish Viking Vision Veritas Viking Viking 2 Vantage Oceanic Vega Oceanic Sirius 2014 2015 2016 2017 2018
Slide 11: Contract status subsea
Contract status subsea Subsea Viking Acergy Viking Viking Poseidon European Supporter Seven Viking Kleven no 365 2014 2015 2016 2017 2018
Slide 12: Contract status supply
Contract status supply Viking Queen Viking Lady Viking Athene Viking Energy Viking Avant Viking Nereus SPOT Viking Prince Viking Princess 2014 2015 2016 2017 2018
Slide 13: Market
Market The increased cost focus of the oil companies together with falling oil price create turbulence in the markets we operate in. We expect a challenging spot market in the North Sea for the PSV segment the next months. A possible improvement in the spring 2015 depends on tonnage leaving the area
Slide 14: Thanks for Your attention!
Eidesvik Thanks for Your attention!