Slide 1: Final Half Year Results 2016
FINAL HALF YEAR RESULTS 2016 HIGHLIGHTS · Acquisition of 2 VLCC resales for USD 84.5m each · Interim dividend of USD 0.55 to be paid in September · Q3 tanker trading remains weak in line with seasonal trading pattern – now likely to impact into Q4 ANTWERP, Belgium, 25 August 2016 – During its meetin
Slide 2: The most important key figures are:
The most important key figures are: First Second First First Quarter Quarter Semester Semester in thousands of USD 2016 2016 2016 2015 Revenue 214,875 189,575 404,450 416,529 Other operating Income 1,724 1,978 3,702 4,296 Voyage expenses and commissions (11,348) (13,507) (24,855) (37,665) Vessel ope
Slide 3: Euronav Press Release
EURONAV. The ocean is our environment PRESS RELEASE REGULATED INFORMATION 25 AUGUST 2016 — 8 a.m. CET
Slide 4: The contribution to the result is as follows:
The contribution to the result is as follows: First Second First First Quarter Quarter Semester Semester in thousands of USD 2016 2016 2016 2015 Tankers 104,956 31,501 136,458 156,624 FSO 8,586 8,647 17,232 16,625 Result after taxation 113,542 40,148 153,690 173,249 Information per share: First Seco
Slide 5: EBITDA reconciliation:
EBITDA reconciliation: First Second First First Quarter Quarter Semester Semester in thousands of USD 2016 2016 2016 2015 Profit (loss) for the period 113,542 40,148 153,690 173,249 + Depreciation 53,207 56,290 109,497 101,698 + Net finance expenses 9,529 9,546 19,074 27,035 + Tax Benefit (Expense)
Slide 6: Euronav Press Release
EURONAV. The ocean is our environment PRESS RELEASE REGULATED INFORMATION 25 AUGUST 2016 — 8 a.m. CET
Slide 7: First half 2016 net result and notes on the dividend
For the first half of 2016 the Company had a net result of USD 153.7 million or USD 0.97 per share (first half 2015: USD 173.2 million and USD 1.13 per share). Proportionate EBITDA for the same period was USD 298.6 million (first half 2015: USD 316.1 million). NOTES ON THE DIVIDEND In April 2015, we
Slide 8: Dividend policy and interim dividend
This may include the purchase by us of our own shares, the accelerated amortization of debt or the acquisition of vessels which we consider at that time to be accretive to shareholders' value. Dividends, if any, will be paid in two instalments: first as an interim dividend, then as a balance payment
Slide 9: May and June 2016 events
May On 12 May 2016 the Annual General Meeting of Shareholders approved the gross dividend of USD 0.82 per share as proposed by the Board of Directors. On 13 May 2016 Euronav took delivery of the fourth and last vessel of the four VLCCs which were acquired as resales of existing newbuilding contracts
Slide 10: Forward-Looking Statements
Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about