Prosafe Se (PRSEF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.798 Hello and welcome everyone to this Q3 presentation for ProSafe. 00:00:04.798 -- 00:00:09.744 I'm Reece McNeil and I'm the CEO and thank you for joining the presentation today. 00:00:09.744 -- 00:00:13.650 I would like to start the presentation today by just giving it a little bit of a highlight 00:00:13.650 -- 00:00:16.574 of ProSafe again, reminding people who we are. 00:00:16.574 -- 00:00:22.001 ProSafe, we are the largest operator of offshore accommodation rigs. 00:00:22.001 -- 00:00:24.365 We currently have five accommodation rigs. 00:00:24.365 -- 00:00:27.217 We've been in this business for over 30 years. 00:00:27.217 -- 00:00:29.680 and we're one of the leading operators 00:00:29.680 -- 00:00:34.805 worldwide, headquartered in Norway, but with offices, as I'm speaking from here 00:00:34.805 -- 00:00:40.650 today, in Rio, and operations in the UK and Australia. 00:00:40.812 -- 00:00:45.317 Talk a little bit, I'd like to spend a bit of extra time during this Q3 presentation 00:00:45.317 -- 00:00:50.322 to talk a little bit about what we have been up to the last couple of quarters, and particularly 00:00:50.322 -- 00:00:54.607 the last quarter. ProSafe has been through quite a transformation. 00:00:54.607 -- 00:01:00.611 We've got a new management team in place and we've been really refocusing and repositioning 00:01:00.611 -- 00:01:05.118 the business. So I'll spend a little bit of extra time on that during this presentation. 00:01:05.118 -- 00:01:07.942 So as mentioned, we've got a high-end fleet. 00:01:07.942 -- 00:01:11.166 All modern units that we currently have are contracted to 2027. 00:01:11.166 -- 00:01:15.312 We have a very leading position in Brazil. 00:01:15.312 -- 00:01:18.617 We've got backlog extending into 2030. ...