S.d. Standard Etc Plc · OSL:SDSD
S.d. Standard Etc — Standard ETC — Q3 2023 Earnings Presentation
14 slides from S.d. Standard Etc's earnings presentation, Nov 1, 2023
Slide 1: Standard ETC Third Quarter 2023
@T\ STANDARD ETC CJ iJ Third Quarter 2023
Slide 2: Forward-looking Statements
Forward-looking Statements
Slide 3: Standard ETC in brief
Standard ETC in brief Third Quarter 2023 Highlights Portfolio Update
Slide 4: Standard ETC company overview
Standard ETC Company overview • Founded in 2010, listed on Oslo Stock Exchange under ticker SDSD • Actively managing portfolio companies Long history of cyclical asset plays • Offshore Drilling (2010-2013): Ordered 7x JU’s at Keppel, later sold for a total profit of USD 220m • Offshore Supply (2016-
Slide 5: Third Quarter 2023 Highlights
Standard ETC in brief Third Quarter 2023 Highlights Portfolio Update
Slide 6: 3Q23 Highlights
3Q23 Highlights 3q23 results – Net result of USD 18.4m • DDRIL (41m shares): Unrealized gain of USD 8.6m • STSU (100m shares) Unrealized gain and dividends received of USD 9.2m • ETC Portfolio: Gain- and interest received of USD 1.0m At quarter end Asset Portfolio of USD 90m and ETC Portfolio of USD
Slide 7: Portfolio Update
Standard ETC in brief First Quarter 2023 Highlights Portfolio Update
Slide 8: Portfolio Development
Portfolio Development SDSD Portfolio – Segment per share 3,0 2,5 1,1 0,7 1,1 1,0 1,0 2,0 Per share in SDSD 1,1 1,5 0,5 1,3 1,1 1,0 1,9 1,8 1,8 1,6 1,6 1,2 0,5 1,0 0,5 0,5 0,0 YE'20 YE'21 1q22 2q22 3q22 4q22 1q23 2q23 3q23 Asset Portfolio ETC Portfolio Asset Portfolio reflects Standard ETC’s equity v
Slide 9: Dolphin Drilling (41m shares/ 19% ownership)
Dolphin Drilling (41m shares/ 19% ownership) Building backlog: Two rigs on contract plus recent LOA for 14-months work in India Revenue backlog (USDm) 900 800 700 600 USDm 500 400 300 200 100 0 2q22 3q22 4q22 1q23 2q23 Fixed Options
Slide 10: Standard Supply (100m shares/ 53% ownership)
Standard Supply (100m shares/ 53% ownership) STSU annualized dividend potential of NOK 1.2 – 2.1/sh 6 5 Annualized dividend potential per share 4 3 2,1 2 1,2 1 0 Current share price 3q23 dividend Adj share price Large PSVs - FCF Mid PSVs - FCF Corporate G&A Dividend potential Dividend potential - af
Slide 11: Appendix
STANDARD ETC
Slide 12: Income statement
Income statement Three Months Ended Nine Months Ended 2023 2022 2023 2022 (Amounts in USD 000) Note Q3 Q3 Q3 Q3 Unaudited Unaudited Unaudited Unaudited Income Changes in fair value on financial assets at fair value through profit or loss 4.1 11 184 346 (4 718) 11 924 Changes in fair value on financi
Slide 13: Balance sheet
Balance sheet (Amounts in USD 000) Note 30.09.2023 31.12.2022 ASSETS Unaudited Audited Equipment and machinery - - Financial assets at fair value through profit or loss 4.1 89 949 87 762 Total non-current assets 89 949 87 762 Receivables and prepayments 7 472 77 Financial assets at fair value throug
Slide 14: Cash flow statement
Cash flow statement Nine Months Ended 2023 2022 Q3 Q3 (Amounts in USD 000) Note Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period before income tax 5 233 26 031 Unrealised exchange loss 52 275 Interest income (1 760) (482) Dividend Income 5 (8 697) (11 305) Fair value lo