Wilh. Wilhelmsen Holding Asa Class A · OSL:WWI
Wilh. Wilhelmsen Holding Asa Class A — Q3 2020 Earnings Presentation
16 slides from Wilh. Wilhelmsen Holding Asa Class A's earnings presentation, November 2020
Slide 1: Wilh. Wilhelmsen Holding ASA Third quarter 2020
Wilh. Wilhelmsen Holding ASA Third quarter 2020 November 2020
Slide 2: Stable contribution from operating activities and a strong increase in financial asset values
Wilh. Wilhelmsen Holding ASA group Stable contribution from operating activities and a strong increase in financial asset values USD mill Q-on-Q Y-o-Y - unless otherwise indicated Q3'20 Q2'20 Change Q3'19 Change Total income 198 197 0% 220 -10 % USD 198 million total income - of which operating reve
Slide 3: Maritime services: Income stabilized at reduced level; operating margin maintained
Maritime services Income stabilized at reduced level; operating margin maintained Income down 13% y-o-y Total income and adjusted EBITDA margin *) • Sale of marine products and income from agency services both Total income EBITDA saw some recovery from the second quarter lows but remained USD mill m
Slide 4: Supply services: Continued high activity level
Supply services Continued high activity level Income down 4% y-o-y Total income and adjusted EBITDA margin *) • Reduction reflecting FX effect from converting NOK into USD. Total income EBITDA • Overall stable activity level. USD mill Margin (adj.) 100 50% USD 16 million EBITDA 80 40% • Up 5% y-o-y.
Slide 5: Holding and investments: Further recovery in financial asset values
Holding and investments Further recovery in financial asset values from first quarter low USD 3 million profit from associates Direct investments – Value adjusted • Rebound in Wallenius Wilhelmsen’s auto volume from second (WALWIL and TRE based on share price, other financial investments based on ac
Slide 6: Steady cash flow from operating activities
Wilh. Wilhelmsen Holding ASA group Steady cash flow from operating activities Cash flow – YTD Q3’20 (MUSD) 16 9 8 29 55 42 115 199 153 31.12.2019 Operating Operating Operating Investing Dividend Net debt Other 30.09.2020 maritime supply other activities and financing services services buyback activi
Slide 7: Balance sheet remains solid and with long-term debt maturity profile
Wilh. Wilhelmsen Holding ASA group Balance sheet remains solid and with long-term debt maturity profile Wilhelmsen group total assets and equity ratio Debt maturity profile USD mill USD mill Equity ratio 251 260 4,000 100% 240 224 90% 220 3.075 80% 200 3,000 180 70% 63% 160 60% 140 2,000 50% 120 40%
Slide 8: Outlook
Outlook The spread of Covid-19 and the measures undertaken to contain it will continue to impact global economic activity. The extent of its future impact on operating income and result and on asset prices remains uncertain. Wilhelmsen retains its robustness and capacity to meet this uncertainty. Cl
Slide 9: Supplementary slides – Third quarter 2020
Supplementary slides – Third quarter 2020 Maritime services Ships service Ship management Supply services NorSea Group Holding and investments Wallenius Wilhelmsen ASA Treasure ASA Financial investments
Slide 10: Ships service
Ships service Wilhelmsen Ships Service is a global provider of standardised product brands and service solutions to the maritime industry, focusing on marine products, maritime logistics and ships agency. Ships service is fully owned by Wilhelmsen. Q3’20 highlights Total income Total income • Sale o
Slide 11: Ship management
Ship management Wilhelmsen Ship Management provides full technical management, crewing and related services for all major vessel types, and includes 50% of NorSea Wind. Ship management is fully owned by Wilhelmsen. Q3’20 highlights Total income Material sales gain NorSea Wind (50%) • Stable income d
Slide 12: NorSea Group
NorSea Group NorSea Group provides supply bases and integrated logistics solution to the offshore industry. Wilhelmsen owns ~75,2% of NorSea Group (as per 30 September 2020). Q3’20 highlights Total income Material sales gain Total income (excl. material sales gain) • Flat development in total income
Slide 13: Wallenius Wilhelmsen ASA
Wallenius Wilhelmsen ASA Wallenius Wilhelmsen ASA is a global provider of shipping and logistics services towards car and ro-ro customers and is listed on Oslo Børs. Wilhelmsen owns ~37,8% of Wallenius Wilhelmsen ASA (as per 30 September 2020). Market value of Wilhelmsen’s investment in Q3’20 highli
Slide 14: Treasure ASA
Treasure ASA Treasure ASA holds a 12.04% ownership interest in Hyundai Glovis and is listed on Oslo Børs. Wilhelmsen owns ~73.5% of Treasure ASA (as per 30 September 2020, not adjusted for shares held by the company). Q3’20 highlights Market value of Wilhelmsen’s investment in Treasure ASA • USD 175
Slide 15: Financial investments
Financial investments Financial investments include cash and cash equivalents, current financial investments and financial assets held by the parent and fully owned subsidiaries reported under the holding and investments segment. Q3’20 highlights Financial assets, investment portfolio and cash • USD
Slide 16: wilhelmsen.com
wilhelmsen.com
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