Ocean Yield ASA — Q3 2021 Earnings Presentation
12 slides from Ocean Yield ASA's earnings presentation, Nov 3, 2021
Slide 1: Q3 2021 Presentation
Q3 2021 PRESENTATION 3rd November 2021
Slide 2: Q3 2021 Financial Highlights
Q3 2021 FINANCIAL HIGHLIGHTS 1) USD 2.1m of the net profit / adjusted net profit is attributable to the hybrid capital, and the remaining is attributable to common shares 2) Based on share price as of close 2nd November 2021
Slide 3: Cash Offer from KKR on All Outstanding Shares
CASH OFFER FROM KKR ON ALL OUTSTANDING SHARES
Slide 4: Investments
INVESTMENTS @ sixviccs Six eco-VLCCs, five built in 2016 and one in 2015 Expected delivery in Q4 2021 Net investment of USD 375 million after seller's credits of 10% 10 year bareboat charter to International Seaways with purchase obligation at the end of the charter 2) 50% of three Suezmaxes Acquisi
Slide 5: Financing
FINANCING e Bonds Bondholders meetings were summoned to request bondholders to approve the Change of Control and waive listing requirment of the shares Bondholders in three outstanding bonds have now approved the requests @ sixviccs (3) Box Holdings Signed two new loan facilities for part financing
Slide 6: Long-Term Charters Secures Stable Cash Flow
LONG-TERM CHARTERS SECURES STABLE CASH FLOW EBITDA backlog1 per year EBITDA backlog1 per segment Charter status as (USDm) % of book value of portfolio LONG-TERM CASH FLOW VISIBILITY, 94% OF PORTFOLIO EMPLOYED EBITDA BACKLOG OF USD 2.7 BN 8.4 YEARS AVERAGE DURATION ON LONG-TERM CHARTERS 1) EBITDA bac
Slide 7: Financial Snapshot
FINANCIAL SNAPSHOT Adjusted net profit Q3 2021 Key financials USD million
Slide 8: Income Statement
INCOME STATEMENT INCOME STATEMENT 1) Other revenue of USD 3.0m in Q2 2021 is related to sale of vessels and amendment to charter parties
Slide 9: Adjusted EBITDA and Net Profit
ADJUSTED EBITDA AND NET PROFIT ADJUSTMENTS
Slide 10: Balance Sheet
BALANCE SHEET BALANCE SHEET Q2 Q3 Qz Qa Amounts in USD million 2021 2021 2021 2021 ASSETS EQUITY AND LIABILITIES Common equity 543 529 Vessels and equipment 537 530 Hybrid capital 125 125 Investments in associates 186 181 Total equity 668 654 Finance lease receivables 976 ‘1,050 Restricted cash depo
Slide 11: Outlook
OUTLOOK 1) Based on share price as of close 2nd November 2021
Slide 12: Investor Relations
INVESTOR RELATIONS Marius Magelie, SVP Finance & Investor Relations +47 24 13 01 82 mm@oceanyield.no www.oceanyield.no/IR