Ticker: OTS CEO: Haico Halbesma CFO: Torbjørn Skulstad€¦ · OIL PRICE OCEANTEAM SHIPPING ASA...
27
OCEANTEAM SHIPPING ASA v An Oslo Stock Exchange listed shipping company Ticker: OTS CEO: Haico Halbesma CFO: Torbjørn Skulstad Q1 2015 Presentation Oslo – 27 May 2015 Q1 PRESENTATION 2015 1
Transcript of Ticker: OTS CEO: Haico Halbesma CFO: Torbjørn Skulstad€¦ · OIL PRICE OCEANTEAM SHIPPING ASA...
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
v
An O
slo
Sto
ck E
xchange lis
ted s
hip
pin
g c
om
pany
Tic
ker:
OT
S
CE
O: H
aic
o H
alb
esm
a
CF
O: T
orb
jørn
Skuls
tad
Q1 2
015 P
resen
tati
on
Oslo
–27 M
ay 2
015
Q1
PR
ES
EN
TA
TIO
N 2
01
51
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
CA
UT
ION
AR
Y S
TA
TE
ME
NT
This
pre
senta
tion c
onta
ins f
orw
ard
lookin
g info
rmation.
Forw
ard
lookin
g
info
rmation is b
ased o
n m
anagem
ent
assum
ptions a
nd a
naly
sis
. A
ctu
al
experience m
ay d
iffe
r, a
nd t
hose d
iffe
rences m
ay b
e m
ate
rial. F
orw
ard
lookin
g
info
rmation is s
ubje
ct
to u
ncert
ain
ties a
nd r
isks. T
his
pre
senta
tion m
ust be r
ead
in c
onju
nction w
ith t
he C
om
pany’s
fin
ancia
l sta
tem
ent.
Q1
PR
ES
EN
TA
TIO
N 2
01
52
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
AG
EN
DA
•S
tra
tegy
•H
igh
ligh
ts o
f th
e C
om
pan
y
•F
ina
ncia
ls
•M
ark
et O
utlook &
Focus G
oin
g F
orw
ard
3Q
1 P
RE
SE
NT
AT
ION
20
15
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
v
v
ST
RA
TE
GY
Q1
PR
ES
EN
TA
TIO
N 2
01
54
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
DIV
ER
SIF
ICA
TIO
N S
TR
AT
EG
Y
5Q
1 P
RE
SE
NT
AT
ION
20
15
•T
wo
op
era
tin
g s
egm
en
ts:
> O
ce
an
tea
mS
hip
pin
g
> O
ce
an
tea
mS
olu
tio
ns
Op
era
tin
g th
rou
gh
va
rie
ty o
f glo
ba
l bu
sin
ess u
nits a
nd
diffe
rent m
ark
ets
•T
his
div
ers
ific
ati
on
str
ate
gy a
llow
s c
om
pa
ny to
ma
inta
in
an
d im
pro
ve
its
pe
rfo
rmance
, e
ve
n d
urin
g c
ha
llengin
g
ma
rket co
nd
itio
ns
•A
pp
rox
50
% o
f O
ce
an
tea
m’s
ea
rnin
gs fro
m S
olu
tio
n d
rive
n
se
rvic
es
. S
trate
gy is t
o m
ain
tain
th
is e
arn
ings s
plit
with
ave
rage
of
50
% o
f in
co
me
gro
wth
to
co
me
fro
m s
olu
tion
drive
n s
erv
ices
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
FIN
AN
CIA
L S
TR
AT
EG
Y
Q1
PR
ES
EN
TA
TIO
N 2
01
56
US
D M
ILLI
ON
A d
iscip
lin
ed
fin
an
cia
l str
ate
gy:
•D
ivers
ifie
d s
ou
rces o
f financin
g thro
ug
h
many long
term
bank r
ela
tions
•D
e-l
evera
gin
g o
f h
igh
yie
ld b
on
d,
leads t
o
reduced q
uart
erly fin
ance c
osts
of 1 m
US
D
from
q2 2
015 a
nd f
orw
ard
•Im
pro
ved
cre
dit
rati
ng
leads to m
ore
sourc
es
to fund g
row
th
•Im
pro
ved
co
st
of
cap
ital bring
s m
ore
valu
e
to s
hare
hold
ers
ÞT
arg
et:
RE
FIN
AN
CIN
G B
ON
D d
ue O
ct.
2017
ÞT
o fund G
row
th s
trate
gy a
nd c
lear
Div
idends p
erf
orm
ance
EB
ITD
A t
o d
ate
•Q
uart
er
-U
SD
6.9
mill
ion -
48%
of re
venue
•LT
M –
31 m
illio
n
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
OIL
PR
ICE
–D
em
an
d g
row
th p
ush
es p
rice
up
aft
er
20
16
7Q
1 P
RE
SE
NT
AT
ION
20
15
•C
om
pany h
as s
ecure
d s
uperior
backlo
g for
both
2015, 2016 a
nd p
art
ly into
2017
•D
ivers
ific
ation o
f C
om
pany’s
glo
bal busin
ess
units &
work
ing
seg
ments
makes u
s r
obust
ag
ain
st decre
asin
g o
il prices
•S
uff
icie
nt pro
jects
in b
oth
oil
& g
as a
nd
off
shore
renew
able
mark
et to
main
tain
hig
h
level of utilis
ation
of assets
and e
ng
ineers
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
v
v
HIG
HL
IGH
TS
OF
TH
E C
OM
PA
NY
Q1
PR
ES
EN
TA
TIO
N 2
01
58
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
INC
RE
AS
ED
SO
LU
TIO
NS
SE
GM
EN
T
Q1
PR
ES
EN
TA
TIO
N 2
01
59
Sh
ipp
ing
seg
men
t •
Tw
o C
SV
s a
nd
on
e L
V t
hro
ugh
join
t ve
ntu
res:
•C
SV
Bo
urb
on O
ce
an
tea
m 1
01
•C
SV
So
uth
ern
Ocean
•L
V N
ort
h O
ce
an
10
5
•F
SV
Tib
uro
n
•F
SV
Ma
nta
rra
ya
•S
olid
clie
nts
: O
cea
ne
ering/B
P
An
go
la, F
ugro
TS
M,
McD
erm
ott
So
luti
on
s s
eg
men
t•
Fo
cu
s o
n O
il &
Ga
s a
nd
Off
sh
ore
Ren
ew
ab
le m
ark
ets
•K
CI
Th
e E
ngin
eers
•M
arin
e A
sse
t d
ivis
ion
Ren
tOce
an
DO
T S
hip
pin
g•
Join
t ven
ture
focu
sed o
n g
row
ing
Me
xic
o O
ffsh
ore
Ma
rket
•T
wo
FS
Vs :
Ica
co
s&
Cob
os
•O
ne
OS
V u
nd
er
co
nstr
uctio
n
SH
IPP
ING
RE
VE
NU
E U
SD
8.3
M
SO
LU
TIO
NS
RE
VE
NU
E U
SD
7.5
M
SH
IPP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
IP
ING
RE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
VE
NU
E U
SU
SD
8.3
M
SO
LU
TIO
NS
RE
VE
NU
E U
SD
7.5
M5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
5M
Reven
ue s
pli
t
U
SD
in
mill
ion
SH
IPP
ING
RE
VE
NU
E U
SD
6.6
M
SO
LU
TIO
NS
RE
VE
NU
E U
SD
7.7
M
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
SH
IPP
ING
–H
igh
lig
hts
Q1
PR
ES
EN
TA
TIO
N 2
01
51
0
•C
SV
BO
10
1, S
ou
the
rn O
ce
an
an
d N
ort
h O
ce
an
10
5 u
tiliz
ed
as p
lan
ned
•T
he
co
nstr
uctio
n o
f D
OT
Sh
ipp
ing’s
larg
e o
ffsho
re s
up
po
rt
ve
sse
l is
pro
gre
ssin
g a
s p
lan
ne
d a
nd
th
e tw
o n
ew
bu
ild
FS
V’s
are
in f
ull
op
era
tion in M
exic
o
•T
he
tw
o n
ew
bu
ild F
SV
’s a
re f
ully
fin
an
ced a
nd h
ave
co
mm
enced
7 y
ea
r tim
e c
ha
rte
rs
•D
iava
z–
Oce
an
team
Sh
ipp
ing h
ave
op
en
ed n
ew
off
ices in
Cuid
ad
de
l C
arm
en
Me
xic
o
•C
on
tra
ct fo
r F
SV
’s o
pe
rating in V
en
ezu
ela
ha
s b
ee
n
exte
nd
ed u
ntil e
nd
20
15
F
SV
Icacos
in o
pera
tion in M
exic
o
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
SH
IPP
ING
–B
acklo
g
Q1
PR
ES
EN
TA
TIO
N2
01
51
1
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
12SO
LU
TIO
NS
–H
igh
lig
hts
12
KC
I T
he E
ng
ineeri
ng
KC
I w
ork
ed o
n m
ulti dis
cip
line
serv
ice c
ontr
acts
:
•A
ward
ed a
second p
hase o
f a
larg
e e
ng
ineering
pro
ject in
the
Mid
dle
East
•P
ipelin
e d
esig
n in t
he D
utc
h
secto
r of th
e S
outh
ern
Nort
h
Sea
•D
rive a
nd c
onstr
ain
t syste
m for
gia
nt observ
ation w
heel in
US
A
•O
pens a
new
hig
h-e
nd a
nd
more
eff
icie
nt desig
n
eng
ineering
facili
ty in S
chie
dam
, T
he N
eth
erlands
Ren
tOcean
/ O
cean
team
So
luti
on
s
•A
ward
ed c
ontr
act to
supply
cable
layin
g e
quip
ment,
cre
w a
nd c
able
transpoolin
gjo
b in T
he N
eth
erlands
•C
om
ple
ted s
uccessfu
lly L
S C
able
pow
er
cable
pro
jects
and s
tart
ed
dem
obili
zation o
f 2x 4
000T
dem
ounta
ble
turn
table
s
•O
pens s
upport
base in D
ubai and
Eem
shaven
to s
upport
its
key
pro
jects
•E
xecution o
f a c
ontr
act fo
r supply
of
a p
ort
al w
ith a
built
in p
ow
ere
d
quadra
nt in
the N
eth
erlands
•O
pera
ting
a c
ontr
act consis
ting
of
cable
layin
g d
eck s
pre
ad for
a
pro
ject in
Mexic
o
Q1
PR
ES
EN
TA
TIO
N 2
01
5
4000
T d
em
ounta
ble
turn
table
sp
oolin
g c
able
in
Qata
r
Pip
elin
e d
esig
n in the D
utc
h s
ecto
r of th
e
South
ern
Nort
h S
ea
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
v
v
FIN
AN
CIA
LS
Q1
PR
ES
EN
TA
TIO
N 2
01
51
3
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
SH
AR
E P
RIC
E D
EV
EL
OP
ME
NT
Q1
PR
ES
EN
TA
TIO
N 2
01
51
4
Sh
are
develo
pm
en
t:
•A
positiv
e incre
ase 2
012 / 2
015
FM
V d
evelo
pm
en
ts
•S
table
valu
e o
f m
odern
fle
et,
hig
h-e
nd d
eep w
ate
r
assets
.
Bo
oked
eq
uit
y
•44%
•U
SD
132 m
illio
n (
aft
er
10%
share
buy b
ack)
Mark
et
cap
italizati
on
•N
OK
157 m
illio
n (
29.6
m s
hare
s@
NO
K 5
.30)
Fre
e c
ash
flo
w
•S
teady, positiv
e c
ash f
low
fro
m e
xis
ting
opera
tions
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ivers
ific
ation in m
ark
ets
seg
ment and
geog
raphic
al are
as
•C
ontinues h
igh e
nd e
quip
ment in
vestm
ents
Co
nsen
su
s a
mo
ng
cre
dit
an
aly
sts
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teady o
pera
tions
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ey c
redit m
etr
ics r
em
ain
overa
ll sta
ble
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
HIS
TO
RIC
AL
EB
ITD
A D
EV
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OP
ME
NT
Q1
PR
ES
EN
TA
TIO
N 2
01
51
5KE
Y F
INA
NC
IAL
FIG
UR
ES
(U
SD
MIL
LIO
N)
EB
ITD
A p
erf
orm
an
ce:
•2014 E
BIT
DA
is t
he b
est annual
perf
orm
ance e
ver
•Last T
welv
e M
onth
s tra
din
g U
SD
31 m
illio
n
•F
irst q
uart
er
2015 is w
ithout N
ort
h
Ocean 1
02 –
repla
ced e
arn
ing
s
with O
ceante
am
Solu
tions
activitie
s
05
10
15
20
25
30
35
2010
2011
2012
2013
2014
2015
Fore
cast
Actu
al
OC
EA
NT
EA
MS
HIP
PIN
G A
SA
Fig
ure
s in
US
D ‘
00
0Q
12
01
5Q
12
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4
Reve
nu
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2 6
41
1
26
07
To
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pe
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nu
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12
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11
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Net
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1 6
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81
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81
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pe
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pe
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56
04
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Net
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e (
de
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56
06
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P&
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OR
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N 2
01
51
6
Fig
ure
s in
US
D ‘
00
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um
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20
15
Cu
m Q
1 2
01
4
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2 6
41
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26
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12
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56
06
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MS
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PR
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N 2
01
51
7
Fig
ure
s in
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31
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31
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H&
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2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Lay B
arg
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9
9
10
11
13
14
16
18
18
18
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22
25
26
31
40
48
55
56
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11
11
10
11
14
13
15
18
23
24
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18
19
19
20
20
21
21
21
23
24
24
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70
78
85
97
111
118
134
149
159
165
165
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127
136
143
159
178
191
217
250
277
295
298
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12
20
13
20
14
20
15
20
16
20
17
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20
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Idle
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7
