The document is a corporate presentation by ASL Marine for FY2013. It provides an overview of ASL Marine's business segments which include shipbuilding, shiprepair and conversion, shipchartering, and engineering. For FY2013, key highlights included revenue increasing 19% to $465.4 million driven by higher shipbuilding activity. Gross profit rose 47% to $83.6 million and net profit increased 40% to $45.3 million. The presentation also reviews each business segment's financial performance for FY2013 and 4Q FY2013.
The document provides a disclaimer and agenda for an Awilco LNG presentation. The disclaimer notes that the presentation contains forward-looking statements and estimates subject to risks and uncertainties. The agenda includes an overview of the company, Q4 financial highlights, Q4 financials, a market update, and summary. In 3 sentences: The document is a disclaimer and agenda for an Awilco LNG presentation, noting it contains forward-looking statements and covering topics such as company overview, Q4 performance, financials, market conditions, and summary.
Aug3 Session4 Al Hildreth: Energy Efficiency as a BusinessDhyana Pomaibo
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The document discusses General Motors' efforts to increase energy efficiency and reduce carbon emissions across its global manufacturing operations and supply chain. It provides details on GM's environmental commitments and goals for reducing factors like energy use, water use, and carbon footprint by 2020. The document also outlines GM's tools and strategies for managing energy, carbon, and water usage, including initiatives for partnering with suppliers to lower greenhouse gas emissions throughout the automotive parts lifecycle.
Citi 2014 Global Energy and Utilities Conference - Cabot PresentationMarcellus Drilling News
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The Cabot Oil & Gas PowerPoint presentation used during Cabot's address to the delegates at the Citi 2014 Global Energy and Utilities Conference in Boston, MA on May 14-15, 2014. The presentation has a number of interesting, inside bits of information useful to those who track the happenings in the Marcellus Shale.
Financing and Investment: Value Propositions and Refinancing in the Industria...Capstone Headwaters
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This document discusses financing and investment opportunities in the frac sand industry. It notes that proppant demand is expected to increase over the next decade due to factors like longer laterals and more frac stages per well. However, proppant demand is forecast to drop significantly in 2015 compared to 2014, with the Eagle Ford and Bakken basins being most affected. The top 10 sand suppliers control around 66% of total production capacity. Spot sand prices have fallen from $50-60 per ton last year to around $35 per ton currently. Average EBITDA per ton of proppant sold also declined from a high of $35 per ton in late 2014 to $15 per ton in Q2 2015.
Cabot Oil & Gas Marcellus & Eagle Ford Presentation at BOA Merrill Lynch Glob...Marcellus Drilling News
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PowerPoint presentation with loads of useful maps and charts that details Cabot's shale drilling program in the northeast Marcellus--in Susquehanna County, PA. Cabot is the lowest price producer MDN is aware of. They estimate in 2014 their breakeven cost to drill--the cost at which they will start turning a profit--is a low, low 80 cents per thousand cubic feet of natural gas ($0.80 Mcf). It is an astonishing number.
StealthGas reported its 2013 second quarter results, with revenues of $30.3 million. While revenues were flat, net income declined to $5.1 million due to higher voyage costs and drydocking expenses. The company took delivery of 3 secondhand vessels and has 6 newbuildings on order as part of its fleet expansion plan. For the full year, StealthGas expects to invest $375 million to grow its fleet to approximately 50-55 vessels. The presentation outlines the company's business strategy and the positive fundamentals of the LPG shipping sector.
- Localiza Rent a Car reported financial results for the third quarter and first nine months of 2013, with highlights including record consolidated net revenues and net income for the 9 month period
- The car rental division saw a 6.8% increase in net revenues despite lower macroeconomic growth, while the fleet outsourcing division grew net revenues by 5.5%
- The company achieved a record number of car sales in 3Q13 and saw its fleet size increase 10.6% over the past year to over 117,000 vehicles
The document provides a disclaimer and agenda for an Awilco LNG presentation. The disclaimer notes that the presentation contains forward-looking statements and estimates subject to risks and uncertainties. The agenda includes an overview of the company, Q4 financial highlights, Q4 financials, a market update, and summary. In 3 sentences: The document is a disclaimer and agenda for an Awilco LNG presentation, noting it contains forward-looking statements and covering topics such as company overview, Q4 performance, financials, market conditions, and summary.
Aug3 Session4 Al Hildreth: Energy Efficiency as a BusinessDhyana Pomaibo
Â
The document discusses General Motors' efforts to increase energy efficiency and reduce carbon emissions across its global manufacturing operations and supply chain. It provides details on GM's environmental commitments and goals for reducing factors like energy use, water use, and carbon footprint by 2020. The document also outlines GM's tools and strategies for managing energy, carbon, and water usage, including initiatives for partnering with suppliers to lower greenhouse gas emissions throughout the automotive parts lifecycle.
Citi 2014 Global Energy and Utilities Conference - Cabot PresentationMarcellus Drilling News
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The Cabot Oil & Gas PowerPoint presentation used during Cabot's address to the delegates at the Citi 2014 Global Energy and Utilities Conference in Boston, MA on May 14-15, 2014. The presentation has a number of interesting, inside bits of information useful to those who track the happenings in the Marcellus Shale.
Financing and Investment: Value Propositions and Refinancing in the Industria...Capstone Headwaters
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This document discusses financing and investment opportunities in the frac sand industry. It notes that proppant demand is expected to increase over the next decade due to factors like longer laterals and more frac stages per well. However, proppant demand is forecast to drop significantly in 2015 compared to 2014, with the Eagle Ford and Bakken basins being most affected. The top 10 sand suppliers control around 66% of total production capacity. Spot sand prices have fallen from $50-60 per ton last year to around $35 per ton currently. Average EBITDA per ton of proppant sold also declined from a high of $35 per ton in late 2014 to $15 per ton in Q2 2015.
Cabot Oil & Gas Marcellus & Eagle Ford Presentation at BOA Merrill Lynch Glob...Marcellus Drilling News
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PowerPoint presentation with loads of useful maps and charts that details Cabot's shale drilling program in the northeast Marcellus--in Susquehanna County, PA. Cabot is the lowest price producer MDN is aware of. They estimate in 2014 their breakeven cost to drill--the cost at which they will start turning a profit--is a low, low 80 cents per thousand cubic feet of natural gas ($0.80 Mcf). It is an astonishing number.
StealthGas reported its 2013 second quarter results, with revenues of $30.3 million. While revenues were flat, net income declined to $5.1 million due to higher voyage costs and drydocking expenses. The company took delivery of 3 secondhand vessels and has 6 newbuildings on order as part of its fleet expansion plan. For the full year, StealthGas expects to invest $375 million to grow its fleet to approximately 50-55 vessels. The presentation outlines the company's business strategy and the positive fundamentals of the LPG shipping sector.
- Localiza Rent a Car reported financial results for the third quarter and first nine months of 2013, with highlights including record consolidated net revenues and net income for the 9 month period
- The car rental division saw a 6.8% increase in net revenues despite lower macroeconomic growth, while the fleet outsourcing division grew net revenues by 5.5%
- The company achieved a record number of car sales in 3Q13 and saw its fleet size increase 10.6% over the past year to over 117,000 vehicles
Cabot Oil & Gas Slide Presentation at Merrill Lunch Energy ConferenceMarcellus Drilling News
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The slide presentation used by Cabot Oil & Gas at the November 2014 Merrill Lynch Energy Conference in Miami, FL. The slides provide an update on Cabot's Marcellus Shale drilling program in Susquehanna County, PA, along with details on their new and growing Eagle Ford drilling program.
Tethys Oil is an oil and gas exploration and production company with interests in oil producing licenses in Oman and Lithuania. In the third quarter of 2013, Tethys Oil achieved revenue growth of 22.4% and EBITDA growth of 24.7% compared to the same period in 2012. The company's average daily production was approximately 4,700 barrels of oil. In Oman, Tethys is focused on appraisal drilling on the B4EW4 structure and exploring new prospects identified through seismic programs. In Lithuania, the company is evaluating conventional and unconventional assets and drilling exploration wells. Tethys aims to increase production and reserves through its ongoing development and exploration activities.
- Tethys Oil produced 368,481 barrels of oil in Q1 2013, corresponding to 4,094 barrels per day from its fields in Oman and Lithuania.
- Exploration well B4EW4 in Oman encountered oil and flowed close to 3,000 barrels of oil per day during testing.
- Tethys Oil booked its first reserves of 14.3 million barrels of oil for its Oman assets.
- Wärtsilä's order intake increased 21% in the first three quarters of 2014 while net sales declined 7% due to the timing of deliveries.
- The company's profitability remained strong with an EBIT margin of 12.7% despite lower net sales.
- Order intake grew in both the power plants and ship power businesses, driven by increased activity in gas power plants and gas carriers.
2013 Development Appraisal - Cash Flow & Sensitivity AnalysisSimon Wainwright
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Simon Wainwright will present on development appraisal, cash flow techniques, and sensitivity analysis. The presentation will cover residual site valuation, construction costs over time, financing costs, capital receipts, development profit, and outputs like profit percentage. Sensitivity analysis will examine how development profit is affected by changes in yield, rents, and other variables. Appraisal software tools will also be discussed.
Tethys Oil provides a quarterly report on its assets and operations for Q2 2013. Key points include:
- Production of 399,839 barrels for the quarter from assets in Oman and Lithuania.
- Drilling program launched on the B4EW4 structure in Oman including 3 appraisal wells.
- Investment budget increased from MSEK 300 to MSEK 355, with majority spent on further drilling, seismic studies, and water injection in Blocks 3 & 4 in Oman.
- Exploration continuing in Lithuania licenses Rietavas and Raseiniai with mixed results from initial wells.
- Financial results showed revenue of MSEK 110 and EBITDA of MSEK 83
This presentation was given by Joel Schneyer, Managing Director at Headwaters MB at The North American Frac Sand Exhibition & Conference in Minneapolis, MN.
Miclyn Express Offshore reported financial results for FY2013, with revenue declining 9% and net profit declining 28% compared to the previous year. Several business segments such as offshore support vessels and crew/utility vessels grew but below expectations, while other segments like third party vessels contracted substantially due to the completion of a large project. The company maintained a strong balance sheet and refinanced debt at attractive terms. While the results were below the prior year, the outlook for FY2014 is positive with new contract wins and fleet expansion expected to support earnings growth.
This document summarizes CCR's 2Q13 earnings results. It reports that consolidated traffic increased 6.2% compared to 2Q12. Toll collection by electronic means grew 14.5% compared to June 2012. Adjusted EBITDA on a same-basis increased 16.8% to 67.0% margin. Subsequent events include the sale of a 10% stake in STP and a proposed interim dividend of R$0.57 per share. Key financial indicators show expansion in EBITDA margin and net income. The company has low leverage with a net debt to EBITDA ratio of 2.0x. Realized investments and maintenance expenditures are presented for main concessions.
The annual results document summarizes Transnet's performance for the year ended 31 March 2015. Key highlights include an 8% increase in revenue to R61.2 billion, an 8.2% increase in EBITDA to R25.6 billion, capital investment of R33.6 billion, and overall rail volumes growth of 7.7% to 226.6 million tons. Safety performance was stable with a DIFR of 0.69.
This presentation summarizes Paragon Shipping Inc.'s earnings conference call for the second quarter and first six months of 2013. It includes highlights such as net revenue of $13.9 million for Q2 2013, EBITDA of $6.2 million for Q2 2013, and signing a $69 million credit facility with China Development Bank. It also provides an agenda, drybulk market overview, financial updates, and an investment summary emphasizing Paragon's financing, fleet growth, diversification, and positioning to take advantage of an expected market recovery in 2014.
This document is a request for a $200 million project loan from Panam Tankers Pte Ltd in Singapore to purchase ocean-going oil tankers and gas carriers. It includes loan calculations and repayment schedules for purchasing 4 oil tankers for $100 million and 4 gas carriers for $100 million. Key details provided include the borrowers and locations, confidentiality terms, company and market information, and financial projections demonstrating feasibility of repayment over 10 years.
1. In the first half of 2013, NOL's group revenue declined 6% year-over-year to $4.435 billion due to soft global economic conditions, while core EBIT improved to $35 million from a loss of $217 million due to cost efficiencies.
2. The liner business saw an 8% revenue decline to $3.695 billion but narrowed its core EBIT loss by 39% to $146 million through yield focus and a lower cost base.
3. NOL has delivered over 50% of its fleet renewal program, replacing older ships with more fuel efficient newbuildings.
Group 1Q2013 financial results improved compared to 1Q2012. Core EBIT loss narrowed to $85 million from $233 million previously due to better operational performance in both the Liner and Logistics segments. Liner segment Core EBIT loss improved to $101 million due to more efficient fleet operations and cost reductions. Logistics segment continued revenue and profit growth in 1Q2013 with an 8% increase in revenue and 27% increase in Core EBIT to $16 million.
This document proposes a project to process squid into block frozen products. The project will be located in Aroor, Alappuzha. It will have a capacity of 40 tonnes per month and cost Rs. 3.7 crore. It will employ 28 people directly and 28 indirectly. The project aims to market its products outside India. It is expected to break even within 2 years and earn a return of 50% on investment.
Golden Ocean reported financial results for Q2 2013 with earnings highlights including EBITDA of $49.5 million and net profit of $43.5 million. Key events were taking delivery of a new capesize vessel called Golden Pearl in Q2, reclassifying two ice-class panamaxes, and making a joint venture investment in Golden Magnum. The company also received a $30 million settlement related to a past charter dispute. Operationally, GOGL has open positions of around 30-80% for 2013-2015 depending on vessel type and is working to refinance debt facilities coming due in early 2014. The macro outlook presentation discussed trends of ongoing but slowing fleet growth being supported by strong demand growth from China
The document provides an overview of Odfjell's second quarter 2013 results. Key points include:
- EBITDA increased to $36 million compared to $27 million in the previous quarter due to better utilization of the chemical tanker fleet.
- Time charter results were up 8% compared to last quarter.
- They took delivery of the Bow Pioneer, the world's largest chemical tanker.
- They finalized agreements with Lindsay Goldberg to expand their partnership to include substantially all tank terminal assets.
The document provides an earnings presentation for Triunfo Participaçþes e Investimentos S.A. for 4Q12 and full year 2012. Some key highlights include:
- Traffic across segments grew 6.4% in 4Q12 and 6.6% for the full year.
- Net operating revenue increased 13.9% in 4Q12 and 20.6% for the full year.
- Adjusted EBITDA grew 2.4% in 4Q12 to R$119.8 million and increased 19.2% for 2012 to R$419.5 million.
- Capex totaled R$312.8 million in 4Q12 and R$766.9 million for the
- Prosafe reported financial results for Q2 2013 with operating revenues of USD 143.5 million and net profit of USD 54.9 million.
- The company has a high quality North Sea fleet of 7 vessels and is building two new vessels, Safe Boreas and Safe Zephyrus, with deliveries in 2014 and 2015.
- Prosafe has a record high order backlog of USD 1.425 billion due to strong contract inflow, with high visibility through 2019.
This document summarizes Madras Cements' (MAC) financial performance in the second quarter of fiscal year 2011. Key points include:
- MAC's net revenue declined 20.4% year-over-year to Rs. 650 crore due to a 22.7% decline in cement revenue.
- Operating profit margin plunged to 17.7% from 41.6% a year ago due to falling cement prices and rising fuel costs.
- The analyst maintains a "Buy" rating with a target price of Rs. 141, valuing MAC's cement assets at $75 per tonne.
Cabot Oil & Gas Slide Presentation at Merrill Lunch Energy ConferenceMarcellus Drilling News
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The slide presentation used by Cabot Oil & Gas at the November 2014 Merrill Lynch Energy Conference in Miami, FL. The slides provide an update on Cabot's Marcellus Shale drilling program in Susquehanna County, PA, along with details on their new and growing Eagle Ford drilling program.
Tethys Oil is an oil and gas exploration and production company with interests in oil producing licenses in Oman and Lithuania. In the third quarter of 2013, Tethys Oil achieved revenue growth of 22.4% and EBITDA growth of 24.7% compared to the same period in 2012. The company's average daily production was approximately 4,700 barrels of oil. In Oman, Tethys is focused on appraisal drilling on the B4EW4 structure and exploring new prospects identified through seismic programs. In Lithuania, the company is evaluating conventional and unconventional assets and drilling exploration wells. Tethys aims to increase production and reserves through its ongoing development and exploration activities.
- Tethys Oil produced 368,481 barrels of oil in Q1 2013, corresponding to 4,094 barrels per day from its fields in Oman and Lithuania.
- Exploration well B4EW4 in Oman encountered oil and flowed close to 3,000 barrels of oil per day during testing.
- Tethys Oil booked its first reserves of 14.3 million barrels of oil for its Oman assets.
- Wärtsilä's order intake increased 21% in the first three quarters of 2014 while net sales declined 7% due to the timing of deliveries.
- The company's profitability remained strong with an EBIT margin of 12.7% despite lower net sales.
- Order intake grew in both the power plants and ship power businesses, driven by increased activity in gas power plants and gas carriers.
2013 Development Appraisal - Cash Flow & Sensitivity AnalysisSimon Wainwright
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Simon Wainwright will present on development appraisal, cash flow techniques, and sensitivity analysis. The presentation will cover residual site valuation, construction costs over time, financing costs, capital receipts, development profit, and outputs like profit percentage. Sensitivity analysis will examine how development profit is affected by changes in yield, rents, and other variables. Appraisal software tools will also be discussed.
Tethys Oil provides a quarterly report on its assets and operations for Q2 2013. Key points include:
- Production of 399,839 barrels for the quarter from assets in Oman and Lithuania.
- Drilling program launched on the B4EW4 structure in Oman including 3 appraisal wells.
- Investment budget increased from MSEK 300 to MSEK 355, with majority spent on further drilling, seismic studies, and water injection in Blocks 3 & 4 in Oman.
- Exploration continuing in Lithuania licenses Rietavas and Raseiniai with mixed results from initial wells.
- Financial results showed revenue of MSEK 110 and EBITDA of MSEK 83
This presentation was given by Joel Schneyer, Managing Director at Headwaters MB at The North American Frac Sand Exhibition & Conference in Minneapolis, MN.
Miclyn Express Offshore reported financial results for FY2013, with revenue declining 9% and net profit declining 28% compared to the previous year. Several business segments such as offshore support vessels and crew/utility vessels grew but below expectations, while other segments like third party vessels contracted substantially due to the completion of a large project. The company maintained a strong balance sheet and refinanced debt at attractive terms. While the results were below the prior year, the outlook for FY2014 is positive with new contract wins and fleet expansion expected to support earnings growth.
This document summarizes CCR's 2Q13 earnings results. It reports that consolidated traffic increased 6.2% compared to 2Q12. Toll collection by electronic means grew 14.5% compared to June 2012. Adjusted EBITDA on a same-basis increased 16.8% to 67.0% margin. Subsequent events include the sale of a 10% stake in STP and a proposed interim dividend of R$0.57 per share. Key financial indicators show expansion in EBITDA margin and net income. The company has low leverage with a net debt to EBITDA ratio of 2.0x. Realized investments and maintenance expenditures are presented for main concessions.
The annual results document summarizes Transnet's performance for the year ended 31 March 2015. Key highlights include an 8% increase in revenue to R61.2 billion, an 8.2% increase in EBITDA to R25.6 billion, capital investment of R33.6 billion, and overall rail volumes growth of 7.7% to 226.6 million tons. Safety performance was stable with a DIFR of 0.69.
This presentation summarizes Paragon Shipping Inc.'s earnings conference call for the second quarter and first six months of 2013. It includes highlights such as net revenue of $13.9 million for Q2 2013, EBITDA of $6.2 million for Q2 2013, and signing a $69 million credit facility with China Development Bank. It also provides an agenda, drybulk market overview, financial updates, and an investment summary emphasizing Paragon's financing, fleet growth, diversification, and positioning to take advantage of an expected market recovery in 2014.
This document is a request for a $200 million project loan from Panam Tankers Pte Ltd in Singapore to purchase ocean-going oil tankers and gas carriers. It includes loan calculations and repayment schedules for purchasing 4 oil tankers for $100 million and 4 gas carriers for $100 million. Key details provided include the borrowers and locations, confidentiality terms, company and market information, and financial projections demonstrating feasibility of repayment over 10 years.
1. In the first half of 2013, NOL's group revenue declined 6% year-over-year to $4.435 billion due to soft global economic conditions, while core EBIT improved to $35 million from a loss of $217 million due to cost efficiencies.
2. The liner business saw an 8% revenue decline to $3.695 billion but narrowed its core EBIT loss by 39% to $146 million through yield focus and a lower cost base.
3. NOL has delivered over 50% of its fleet renewal program, replacing older ships with more fuel efficient newbuildings.
Group 1Q2013 financial results improved compared to 1Q2012. Core EBIT loss narrowed to $85 million from $233 million previously due to better operational performance in both the Liner and Logistics segments. Liner segment Core EBIT loss improved to $101 million due to more efficient fleet operations and cost reductions. Logistics segment continued revenue and profit growth in 1Q2013 with an 8% increase in revenue and 27% increase in Core EBIT to $16 million.
This document proposes a project to process squid into block frozen products. The project will be located in Aroor, Alappuzha. It will have a capacity of 40 tonnes per month and cost Rs. 3.7 crore. It will employ 28 people directly and 28 indirectly. The project aims to market its products outside India. It is expected to break even within 2 years and earn a return of 50% on investment.
Golden Ocean reported financial results for Q2 2013 with earnings highlights including EBITDA of $49.5 million and net profit of $43.5 million. Key events were taking delivery of a new capesize vessel called Golden Pearl in Q2, reclassifying two ice-class panamaxes, and making a joint venture investment in Golden Magnum. The company also received a $30 million settlement related to a past charter dispute. Operationally, GOGL has open positions of around 30-80% for 2013-2015 depending on vessel type and is working to refinance debt facilities coming due in early 2014. The macro outlook presentation discussed trends of ongoing but slowing fleet growth being supported by strong demand growth from China
The document provides an overview of Odfjell's second quarter 2013 results. Key points include:
- EBITDA increased to $36 million compared to $27 million in the previous quarter due to better utilization of the chemical tanker fleet.
- Time charter results were up 8% compared to last quarter.
- They took delivery of the Bow Pioneer, the world's largest chemical tanker.
- They finalized agreements with Lindsay Goldberg to expand their partnership to include substantially all tank terminal assets.
The document provides an earnings presentation for Triunfo Participaçþes e Investimentos S.A. for 4Q12 and full year 2012. Some key highlights include:
- Traffic across segments grew 6.4% in 4Q12 and 6.6% for the full year.
- Net operating revenue increased 13.9% in 4Q12 and 20.6% for the full year.
- Adjusted EBITDA grew 2.4% in 4Q12 to R$119.8 million and increased 19.2% for 2012 to R$419.5 million.
- Capex totaled R$312.8 million in 4Q12 and R$766.9 million for the
- Prosafe reported financial results for Q2 2013 with operating revenues of USD 143.5 million and net profit of USD 54.9 million.
- The company has a high quality North Sea fleet of 7 vessels and is building two new vessels, Safe Boreas and Safe Zephyrus, with deliveries in 2014 and 2015.
- Prosafe has a record high order backlog of USD 1.425 billion due to strong contract inflow, with high visibility through 2019.
This document summarizes Madras Cements' (MAC) financial performance in the second quarter of fiscal year 2011. Key points include:
- MAC's net revenue declined 20.4% year-over-year to Rs. 650 crore due to a 22.7% decline in cement revenue.
- Operating profit margin plunged to 17.7% from 41.6% a year ago due to falling cement prices and rising fuel costs.
- The analyst maintains a "Buy" rating with a target price of Rs. 141, valuing MAC's cement assets at $75 per tonne.
Ocean Carriers is considering a $39 million ship building project and must use NPV analysis to decide whether to accept it. Three proposals are analyzed:
1) Move headquarters to Hong Kong for a 0% tax rate, generating a positive NPV of $2.5 million.
2) Extend the ship's life from 15 to 25 years, but this does not generate a positive NPV.
3) Combine proposals 1 and 2 by moving headquarters to Hong Kong and extending the ship's life, resulting in the highest NPV of $6.95 million.
The recommendation is for Ocean Carriers to accept the project by implementing the third proposal to maximize financial benefits.
This document provides a financial analysis of DAYANG for the 2014 financial year. It summarizes DAYANG's business activities in offshore topside maintenance services, marine charters, and equipment hire for the oil and gas industry. The analysis finds that DAYANG has strong profitability and scale, wide economic moats, and a healthy financial position. Key growth drivers include aging offshore infrastructure in Malaysia driving demand for maintenance contracts. Risks include downturns in the oil and gas sector and difficulties executing international expansion.
The document provides an overview of Equatorial, a Brazilian energy company with segments in distribution, generation, and trading. It discusses the company profile, financial performance, portfolio, and value creation. Equatorial's main distribution assets are CEMAR in MaranhĂŁo and CELPA in ParĂĄ, which the document compares on metrics like energy sold, revenues, losses, and investments showing improvements at CEMAR following its turnaround. The summary highlights Equatorial's operations and the turnaround efforts at its CEMAR distribution segment.
- Rickmers Maritime reported financial results for the second quarter and first half of 2013, with highlights including successfully raising $80.7 million from a rights issue and paying down $73.7 million in bank loans.
- Charter revenue remained steady at $35 million in Q2 2013, with net profit of $7.7 million, though net profit was down 14% from the same period last year.
- The outlook discusses planned drydockings of vessels through the end of 2014 to satisfy regulatory maintenance requirements, with an extended drydock trial program allowing for longer periods between maintenance.
NRB Bearings Ltd. - Company Valuation and Investment RecommendationAnkur Agarwal
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The document recommends buying shares of NRB Bearings based on intrinsic and relative valuation. NRB is a leading manufacturer of bearings in India, with the #1 market share in needle roller bearings. The company is focusing on expanding exports and its industrial components business. Key risks include rising raw material costs and foreign exchange exposure. The bearings industry is growing due to increased automotive, infrastructure, and export demand. NRB has a diversified customer base and manufacturing footprint across India and Thailand.
Similar to ASL Marine Q2 2013 results presentation (20)
Olympic Shipping investor presentation 27 May 2014TradeWindsnews
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Olympic Ship AS is contemplating a NOK 500 million bond issue to partly refinance existing bonds and for general corporate purposes. It is a leading provider of high-end offshore vessels with a fleet value of NOK 8.1 billion and a contract backlog of NOK 4.9 billion. The bond terms include a 5-year tenor, quarterly coupon payments of 3M NIBOR + 4.75-5.00%, and senior unsecured status. The market outlook is positive for Olympic Ship AS's core offshore segments, with projected strong growth in global E&P spending and deepwater production through 2020.
Ship Finance International Q1 2014 results presentationTradeWindsnews
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Ship Finance International reported net income of $40.7 million for 1Q 2014 with EBITDA of $129.7 million including associated companies. Key highlights included an increased quarterly dividend of $0.41 per share, equivalent to a 9% dividend yield, and the successful delivery of 10 vessels and rigs so far in 2014. The company also has investment opportunities planned across multiple segments for the remainder of 2014 and into 2015.
HĂśegh LNG reported financial results for the first quarter of 2014, with an EBITDA of -$1.0 million and loss before tax of $4.5 million. Two FSRU projects were completed on time and on budget, with the PGN FSRU Lampung delivered in April and the Independence delivered in May. A letter of intent was also signed for a 5-year FSRU contract with Egas of Egypt. Global LNG demand is expected to continue strong growth in Asia and other markets. HĂśegh LNG aims to further expand its fleet of FSRUs and pursue FLNG opportunities.
Siem Offshore Inc. presented in March 2014. The presentation covered the company's financial results for 2013, future vessel construction plans, and the offshore vessel market. Key points included:
- Revenue for 2013 was $364 million with a 34% operating margin, an improvement over 2012.
- The company has 41 vessels currently in operation and 15 more under construction through 2016 with a total contract backlog value of $395 million.
- New orders in 2013 and 2014 include platform supply vessels, offshore subsea construction vessels, and well intervention vessels.
This document is a registration statement filed by Dorian LPG Ltd. with the U.S. Securities and Exchange Commission for an initial public offering of its common shares in the United States. Dorian LPG Ltd. is registering an unspecified number of its common shares. The filing includes basic company information, biographical details of officers and directors, descriptions of the company's capital stock, plan of distribution for the offering, financial statements and other standard disclosures required in such filings. The company intends to apply to list its common shares on the New York Stock Exchange.
This document provides a summary of Jinhui Shipping and Transportation Limited's Q4 2013 and full year 2013 results presentation. It highlights the following key points:
1) For 2013, revenue decreased 7% to $218 million while net profit decreased 29% to $25 million compared to 2012.
2) For Q4 2013, revenue increased 2% while the company reported a net loss of $3 million compared to a net profit in Q4 2012.
3) The company owns 38 dry bulk carriers with a total capacity of 2.2 million DWT and an average age of 7 years.
4) Average daily time charter equivalent rates were $14,092 for 2013, down from $15
Maersk Drilling reported strong financial results for 2013, with profits increasing from USD 347M in 2012 to USD 528M in 2013. Operational uptime also increased, from 92% in 2012 to 97% in 2013. For 2014, Maersk Drilling expects results to be below 2013 due to planned rig maintenance and start-up costs for new rigs. Maersk Drilling secured several new contracts in 2013 and has high contract coverage for 2014-2016, with a revenue backlog of USD 7.9B. The company continues expanding through its newbuild program but some rig deliveries will be delayed 2-4 months. Maersk Drilling's priorities for 2014 include successful rig deliveries and maintenance
Teekay Corp group presentation September 2013TradeWindsnews
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Teekay Corporation is a leading provider of marine services to the global oil and gas industry. It has a fleet of over 170 vessels across its business segments of offshore, liquefied gas, and tankers. The presentation discusses trends supporting continued growth in the offshore and liquefied natural gas markets. It also outlines Teekay's diversified business model and significant forward fixed contracts of over $15 billion. Teekay has been pursuing a strategy of growing its daughter companies like Teekay LNG and Teekay Offshore through organic projects and dropdown acquisitions, which benefit Teekay Corporation through increasing cash distributions.
GasLog investor day presentation September 2013TradeWindsnews
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- The presentation provides an overview of GasLog Ltd. and their investor day activities
- It discusses GasLog's business strategy, growth trajectory, and portfolio of LNG shipping vessels
- An external speaker then provides context on the growing LNG market and shipping demand outlook
Siem Offshore is an offshore vessel owner and operator with 38 vessels in operation and 10 under construction. The company provides offshore support vessels and has expanded into subsea vessels and offshore renewable energy. Siem Offshore reported operating revenue of $172 million for the first half of 2013 and has a contract backlog of $806 million for vessels and $180 million for submarine power cable activities. The company has a strong financial position with a book equity ratio of 44% and has secured financing for its newbuilding program through 2014.
SeaBird Exploration provides marine 2D and 3D seismic data to the oil and gas industry. It has a global presence and leading operational excellence. The company focuses on core business segments like 2D acquisition and niche 3D acquisition. It has a diversified fleet and blue-chip client base. SeaBird aims to optimize fleet utilization through a mix of long and short-term contracts while also pursuing multi-client projects to capitalize on opportunities. Historical data shows high vessel utilization and revenues, though repositioning can impact utilization. Market pricing remains strong with high tender activity in 2D and 3D segments.
The document provides an agenda and materials for a Polarcus Limited investor presentation covering highlights, financials, operations, and market updates. Key points include revenues of USD 275.3 million for the first half of 2013, up 28% from the prior year. The balance sheet was strengthened through refinancing at a reduced average interest rate of 7.1%. Operational performance showed technical downtime below 5% and completion of a large multi-client project. The company also discussed ongoing legal matters and shareholder information.
Oceanteam Shipping ASA is an Oslo Stock Exchange listed shipping company that operates a fleet of large construction support vessels and provides engineering services. The company's CEO is Haico Halbesma and CFO is Torbjørn Skulstad. Oceanteam presented at the Pareto Conference in Oslo on September 4, 2013, providing an overview of the company, its finance structure, recent financial performance, and positive market outlook for large deep-water vessels.
BW Offshore is an experienced FPSO (floating production, storage and offloading vessel) operator with 16 FPSOs and 1 FSO currently in operation. It has a global production of 700,000 barrels of oil equivalent per day and a strong safety record with a low lost time injury rate. BW Offshore has a $7.8 billion contract portfolio and significant potential for growth through existing assets and new projects. It aims to create value through contract extensions, redeployments of existing FPSOs, and potential new contracts.
This document provides an overview and summary of Atwood Oceanics for investors attending the 20th Annual Oil & Offshore Conference. It summarizes Atwood's strategy of modernizing and expanding its fleet through newbuild rig deliveries from 2011-2015. This will provide a younger fleet of ultra-deepwater floaters and high-spec jackups. The summary also outlines Atwood's strong safety and operating performance, revenue efficiency, and focus on superior shareholder returns. Key details include $3.9 billion in contracted backlog through 2016 and funding for remaining capital expenditures of $1.4 billion through operating cash flows and credit facilities.
The document reports Globus Maritime's financial and operating results for the second quarter and first half of 2013, showing improvements in adjusted EBITDA and average daily TCE rates compared to the same periods in 2012, along with details on fleet deployment and market conditions. It also provides statements of comprehensive income, financial position, cash flows, and bank debt developments.
Golar reported net income of $59.0 million for Q2 2013, including a non-cash gain of $47.9 million. EBITDA was $8.2 million for the quarter. Underlying dividends received from Golar LNG Partners increased to $16.0 million from $14.4 million in Q1. Two vessels entered layup due to volatile spot market conditions. Golar has secured $1.1 billion in funding for 8 newbuilds and concluded two 10-year FSRU charters. Cash flow from operations and dividends from Partners will help fund the remaining $720 million of the $2.74 billion newbuild program. The LNG shipping market outlook remains supported by
Golar LNG Partners reported second quarter 2013 results with net income of $28.0 million and operating income of $44.4 million. They generated distributable cash flow of $26.4 million for the quarter and declared a quarterly distribution of $0.515 per unit. Recent events included completing drydockings and refinancing two vessels. Near and medium term growth opportunities include potential acquisitions of the FSRU vessels Igloo and Eskimo which have been awarded long term contracts by Golar LNG in Kuwait and Jordan respectively.
The document summarizes Seadrill's second quarter 2013 conference call. Key highlights include:
- Seadrill generated a record $665 million in EBITDA for Q2 2013.
- Economic utilization of floaters increased to 94% from 92% last quarter.
- Net income was $1.75 billion and earnings per share was $3.68.
- The quarterly cash dividend was increased to $0.91 per share.
Lamprell reported interim results for the first half of 2013, showing a return to profitability. Revenue was broadly flat at $521 million compared to the first half of 2012. Profit before tax was $10.1 million, compared to a loss before tax of $50.8 million in the same period last year. The company secured a new $181 million refinancing facility that matures in 2016. Operationally, several key projects were successfully delivered in the first half and the company's order book stands at $1.1 billion with a bid pipeline of $4.6 billion.
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5. Our Yards
5
Yard ASLÂ ShipyardÂ
Pte Ltd
PTÂ ASLÂ ShipyardÂ
Indonesia
PTÂ Cemara
Intan Shipyard
Jiangmen Hongda
Shipyard Co Ltd
Country Singapore Batam, Indonesia Batam, Indonesia Guangdong, China
Area 3.7Â Ha 35Â Ha 16Â Ha 8Â Ha
BusinessÂ
Activities
Shipbuilding &
Shiprepair
Shipbuilding &
Shiprepair
Shipbuilding &
Galvanising
Shipbuilding
ShipbuildingÂ
Facilities
2x building berth 2x building berth
5x fabrication shops
2x building berth 2x building berth
Shiprepair
Facilities
800T shiplift Graving Dock â300,000 dwt
(340m x 60m x 11m)
Graving Dock â 60,000 dwt
(230m x 35m x 10m)
Graving Dock â 20,000 dwt
(180m x 25m x 9m)
2 finger piers
2 dolphin quays
Our yards are currently operating at near full capacity
6. Share Statistics
6
Share Price S$0.64
Market Capitalisation S$ 268.5 million
Price to Earnings Ratio 5.93
Major Shareholder Ang Family (65.3%)
⢠As at 27 August 2013
7. ⢠Core businesses:-
- Shipbuilding
- Shiprepair and Conversion
- Shipchartering
- Engineering (VOSTA LMG group)
Company Profile
7
11. - Fleet size at 30 June 2013: 156 Vessels
- Of the 156 vessels, 39 vessels are deployed in Singapore, 20 vessels in
Indonesia, 35 in Malaysia and 14 in Australia
- Details on the fleet and type of vessels are highlighted below:
Type of Vessels No. of Vessels Avg. Age of Vessels
Barges 103 7
Towing Tugs 45 8
AHT 2 1
AHTS 3 2
Chemical Tankers 2 3
ROV Support 1 1
11
⢠Shipchartering (continued)
Core Businesses
12. (No. of vessels)
12
As at FY08 FY09 FY10 FY11 FY12 FY13
AHT 4 4 4 3 5 2
AHTS - - - 2 2 3
Chemical Tankers - 1 2 2 2 2
ROV Support Vessel - - - - 1 1
Straight Supply Vessel - 1 1 - - -
Total of Other Vessels 4 6 7 7 10 8
⢠Shipchartering (continued)
Core Businesses
20. 20
9.8Â
8.4Â 8.2Â
10.6Â
13.0Â
31.0Â
20.3Â 19.7Â
16.0Â
29.4Â
31.4Â
23.4Â 23.9Â 24.2Â
27.4Â
8.7Â
 â
 5.0
 10.0
 15.0
 20.0
 25.0
 30.0
 35.0
FY09 FY10 FY11 FY12 FY13
Shipbuilding Shiprepair and Conversion Shipchartering Engineering
5 Year Financial Summary
⢠Gross Profit Margin Trend
21. 21
71.1 37.3 31.9 32.3 45.3
16.3%
8.0% 8.8%
8.3%
9.7%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
FY09Â * FY10 FY11 FY12 FY13
Net Profit Net Profit Margin
* The Groupâs net profit for FY09 of S$71.1 million included a oneâoff gain of S$12.2
million relating to the divestment of ASL Energy Pte Ltd. Excluding the oneâoff gain,
net profit and net profit margin will be S$58.9m and 13.5% respectively.
5 Year Financial Summary
⢠Net Profit Trend
25. Shipbuilding
Breakdown of revenue:
4Q FY13
(No. of vessels)
4Q FY12
(No. of vessels)
4Q FY13
(S$â000)
4Q FY12
(S$â000)
Chg
(%)
Offshore Support
Vessels
15 7 74,460 34,478 116.0
Dredgers 1 1 15,159 2,333 549.8
Tugs 3 4 6,422 9,799 (34.5)
Barges and others 12 14 2,887 9,470 (69.5)
Total 31 26 98,928 56,080 76.4
25
26. Shipbuilding
Breakdown of revenue:
FY13
(No. of vessels)
FY12
(No. of vessels)
FY13
(S$â000)
FY12
(S$â000)
Chg
(%)
Offshore Support
Vessels
17 8 220,890 108,797 103.0
Dredgers 1 3 36,942 41,524 (11.0)
Tugs 5 8 21,622 46,904 (53.9)
Barges and others 24 20 9,978 26,760 (62.7)
Total 47 39 289,432 223,985 29.2
26
27. Shipbuilding
Revenue increased 29.2% y-o-y to S$289.4 million in FY2013, mainly due to
higher number of Offshore Support Vessels constructed and projects
achieving revenue recognition benchmark of 10%. The Group worked on 47
vessels in FY13 as compared to 39 vessels in FY12
Gross profit margin improved to 13.0% in FY13 (FY12: 10.6%) due to the
construction of two units of high value Platform Supply Vessels and reversal
of unrequired construction costs provisions
27
29. Shiprepair and Conversion
Revenue declined 18.8% y-o-y to S$72.4 million, as there were no major
conversion jobs in FY2013, as opposed to the conversion of a FPSO vessel
to a FSO vessel in FY2012. This was partially mitigated by higher shiprepair
revenue of 24.6% to S$70.3 million which arose from the completion of a rig
repair job
Gross profit margin improved significantly from 16.0% in FY2012 to 29.4%
in FY2013 due to the write-back of subcontractor costs for prior year
projects. Excluding the write back, gross profit margin would have been
22.0% in FY13
29
30. Shipchartering
Breakdown of revenue:
4Q FY13
(S$â000)
4Q FY12
(S$â000)
Chg
%
FY13
(S$â000)
FY12
(S$â000)
Chg
%
Spot charter 13,663 14,677 (6.9) 58,536 54,257 7.9
Long-term charter 3,051 6,469 (52.8) 20,879 19,178 8.9
Total charter 16,714 21,146 (21.0) 79,415 73,435 8.1
Trade sales 515 1,060 (51.4) 4,730 3,769 25.5
Rental income - 224 (100.0) - 947 (100.0)
Total 17,229 22,430 (23.2) 84,145 78,151 7.7
30
31. Shipchartering
Revenue for FY13 rose by 7.7% to S$84.1m due to:
- additional charter income from 2 AHT acquired in 4Q FY12;
- additional charter income from an AHTS acquired in 2Q FY13; and
- greater demand for higher horse power tugs
Gross profit increased 21.8% y-o-y in FY13 to S$23.0m and gross profit margin
lifted from 24.2% to 27.4% in FY13 due to:
- additional gross profit from an AHTS acquired in 2Q FY13;
- higher time charter income;
- absence of additional depreciation of S$0.7 million back charged from
cancellation of vessels held for sale in 1QFY12
partially offset by
- disposal of ROV support vessel in 1QFY13
31
32. Balance Sheets
30 Jun 13
(S$âm)
30 Jun 12
(S$âm)
Chg
%
Non-current Assets 513.4 514.2 (0.2)
Currents Assets 609.0 340.0 79.1
Total Assets 1,122.4 854.2 31.4
Current Liabilities 493.3 308.2 60.1
Non-current Liabilities 223.6 182.6 22.4
Total Liabilities 716.9 490.8 46.1
Total Equity 405.5 363.4 11.6
Property, Plant and Equipment 478.7 509.0 (6.0)
Bank Balances, Deposits and Cash 88.2 95.5 (7.6)
Total Borrowings 469.9 285.2 64.7
32
34. Shipbuilding Order Book
⢠Total outstanding order book of S$370 million comprising of 28 vessels,
including Offshore Support Vessels, self-propelled cutter suction dredger, tugs
and barges
693
523
327 310
586
370
At 30 Jun 08 At 30 Jun 09 At 30 Jun 10 At 30 Jun 11 At 30 Jun 12 At 30 Jun 13
(S$âm)
34
35. Shipbuilding Order Book
1 Offshore Support Vessels, Emergency Response & Rescue Vessels
and Platform Supply Vessels
2 Rotor Tugs and Diesel Electric Hybrid ASD Tugs
35
1H FY2014 After 1H FY2014 Total
Type of Vessels Units S$âm % S$âm % S$âm %
Offshore Support
Vessels1 15 82 22 82 22 164 44
Tugs2 5 30 8 50 14 80 22
Dredgers and Barges 8 38 10 88 24 126 34
Total 28 150 40 220 60 370 100
38. Business Outlook & Strategy
Overall
⢠Oil prices remain at a level that we believe is conducive to oil and gas exploration and
production activities.
⢠Demand for OSV and charter rates is expected to be robust.
⢠Healthy level of offshore activities in Indonesia is seen and this is expected to be beneficial
to our Indonesia shipyards due to the cabotage laws regarding local content.
⢠Nevertheless the Group is mindful of the increased competition from the Chinese shipyards.
38
Source: CIMB Offshore & Marine 15.6.2013
World Rig Total Contracted Utilisation
Source: DNB Oil, Offshore & Shipping Conference, 6 March 2013
39. Business Outlook & Strategy
Shiprepair and Conversion
⢠Scale up repair and conversion capabilities and improve turnaround time to
maximise shipyard utilisation level.
⢠Focus will be on higher value offshore oil and gas repair / conversion
projects such as oil rig, liftboat, subsea work vessel, FSO and FPSO.
Shipbuilding
⢠Outstanding order book of S$370 million for 28 vessels â comprised mainly
OSV, AHTS, dredges, tug and barges.
⢠Leveraging on the increased activities within the region and buoyant outlook
of the offshore and marine sector, the Group is deliberating on a proactive
approach to enhance order book on a build-to-stock basis.
⢠Building program will focus on OSVs which include 4 x DP-2 AHTS and
1 x Maintenance Work Vessel at total cost of S$85 million..
39
40. Business Outlook & Strategy
Shipchartering
⢠As at 30 June 2013, the Group had an outstanding order book of
approximately $74 million with respect to long-term shipchartering contracts.
⢠Giving our attention to terminal operation, marine transportation and offshore
support sectors. To increase proportion of vessels on long term charter thus
improving utilisation rate.
⢠Strengthening our fleet of vessels by increasing the numbers of OSVs;
complementary to build-to-stock shipbuilding strategy.
⢠Increasing our share in Indonesian OSV market.
Engineering
⢠Dredging companies will need to continuously invest in maintaining and up-
grading their equipment.
⢠Focus on dredge component business internationally.
40
41. Capital Expenditure
⢠Total capex of S$113 million in FY13 comprised mainly:
Business Outlook & Strategy
⢠Shipchartering operations have an outstanding delivery order for 23
new vessels worth approximately S$67 million comprising:
41
S$âm
Vessels 75
Assets under construction for yard infrastructure and vessels 7
Plant and machinery 31
Shipchartering outstanding delivery orders Unit
Barges 19
Tugs 2
Landing crafts 2
Total 23
42. Share Price Information
As at 27 Aug 13 13 Aug 12
Share Price (S$) 0.64 0.58
Price Earnings Ratio 5.93 7.52
Price / Net Asset Value per Share 0.67 0.69
Market Capitalization (S$âm) 268.5 243.3
Source:Bloomberg
42