Gaztransport & Technigaz Sa · EURONEXT:GTT
Gaztransport & Technigaz Sa — Q1 2019 Earnings Presentation
11 slides from Gaztransport & Technigaz Sa's earnings presentation, Apr 16, 2019
Slide 1: Investor Presentation Q1 2019 Activity
Investor Presentation Q1 2019 Activity 16 April 2019
Slide 2: Disclaimer
Disclaimer This document contains information resulting from testing, experience and know-how of GTT, which are protected under the legal regime of undisclosed information and trade secret (notably TRIPS Art. 39) and under Copyright law. This document is strictly confidential and the exclusive prope
Slide 3: Disclaimer
Disclaimer This presentation does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction. It includes only summary information and does not purport to be comprehensive. No representation,
Slide 4: Key Highlights
Key Highlights Q1 2019 Consolidated Revenues: €58.9 million Strong level of new orders: 14 LNGC + 1 bunker ship in Q1 CORE BUSINESS Order book: 101 units Q1 2019 movements in the order book 88 LNGC* 2 FLNG New orders: 14 LNGC 8 FSRU 3 Onshore storage Deliveries: 10 (9 LNGC, 1 FSRU) NEW BUSINESS (LNG
Slide 5: LNG strong demand outlook
LNG strong demand outlook 2035 LNG demand outlook 700 600 500 400 Mtpa 300 200 100 Q1 2019 for Shell, BP Q4 18 forecast for WM Q2 18 for IHS 0 2015 2020 2025 2030 2035 LNG demand expected to double between 2018 and 2035 Growth mainly coming from Asia Continuous growth expected 5
Slide 6: LNG short term charter rates are stabilising
LNG short term charter rates are stabilising Spot Charter rates have stabilised since the beginning of 2019 at around $60k/d Short term outlook remain positive, as 1 year charter rate stabilising at around $90k/d 6
Slide 7: Liquefaction projects: more FIDs expected
Liquefaction projects: more FIDs expected FID at Golden Pass (15.6 Mtpa) in February 2019 36.5 Mtpa FIDed in one year to date More FIDs expected in 2019-20 Mozambique LNG Area 1: 9.5 Mtpa contracted out of 12 Mtpa Anadarko to be taken over by Chevron Arctic LNG2: 14 booked slots at Zvezda for future
Slide 8: LNG Fuel focus: entry into a new market segment
LNG Fuel focus: entry into a new market segment March 2019 1 bunker ship 12,000 cbm capacity Mark III Flex technology Owned by MOL, built by Sembcorp Marine April 2019 1 very-large container ship converted to LNG 6,500 cbm capacity Mark III technology Owned by Hapag Lloyd, converted by Hudong-Zhongh
Slide 9: First quarter 2019 consolidated revenues
First quarter 2019 consolidated revenues Summary financials Key highlights in € M Q1 2018 Q1 2019 Change Total revenues: €58.9 million (-8.2%) (%) Revenues 64.2 58.9 -8.2% Revenues from newbuilds: Newbuilds 61.5 55.4 -10.0% €55.4 million (-10.0%) % of revenues 96% 94% Q1 2019 royalties from LNGCs an
Slide 10: 2019 Outlook confirmed
2019 Outlook confirmed GTT revenue(1) 2019 consolidated revenue estimated in a range of €255 M to €270 M EBITDA 2019 consolidated EBITDA estimated in a range of €150 M to €160 M Dividend 2019 and 2020 payout of at least 80% Payment(2) (1) In the absence of any significant delays or cancellations in
Slide 11: Contact
Contact: information-financiere@gtt.fr / +33 1 30 23 20 87
Gaztransport & Technigaz (GTT) — Q1 2019 Earnings Presentation on 6ix