- Seadrill generated record quarterly EBITDA of $713 million for 1Q 2013, up 18% from previous quarter. Earnings per share were $0.87.
- Economic utilization of floaters increased to 92% from 86% last quarter. Jack-up utilization also increased.
- Seadrill ordered 4 high-spec jack-ups and completed several acquisitions and sales during the quarter.
- Backlog remains strong at $19.1 billion, providing visibility through 2016. Dividend per share increased to $0.88.
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.
- The company reported net revenue of $623 million for the fiscal second quarter of 2018, an increase of 13% from the same quarter last year. Gross margin was 67.6% excluding special items and 65.8% under GAAP. Earnings per share was $0.65 excluding special items and a loss of $0.27 under GAAP.
- For the fiscal third quarter of 2018, the company expects revenue between $620-660 million with gross margin of 66-68% excluding special items. Earnings per share is expected to be $0.66-0.72 excluding special items.
- Key metrics such as free cash flow, capital expenditures, dividends, and share repurchases
- Net revenue for the third quarter of fiscal year 2016 was $555 million, down 4% from the previous year. Earnings per share were $0.41 excluding special items, up 3% from the previous year.
- Free cash flow on a trailing twelve month basis was $681 million, or 31% of revenue.
- Guidance for the fourth quarter of fiscal year 2016 forecasts revenue between $555-595 million and earnings per share between $0.45-0.51 excluding special items.
- The company returned $170 million to shareholders in the third quarter through dividends of $86 million and stock repurchases of $84 million.
- Advanced Emissions Solutions reported strong financial results in 2016, with distributions from its Refined Coal business exceeding expectations.
- Net income increased significantly due to higher earnings from equity investments in Refined Coal facilities and a $61 million deferred tax asset valuation allowance release.
- The company continued executing equipment contracts while minimizing costs in its Emissions Control business and growing chemical revenues through technology testing.
- The company reported net revenue of $566 million for the fourth quarter of fiscal year 2016, gross margin of 64.1% excluding special items and 61.3% under GAAP, and earnings per share of $0.49 excluding special items and $0.32 under GAAP.
- For fiscal year 2017 first quarter guidance, the company expects revenue between $540-580 million, gross margin between 63-65% excluding special items and 61-63% under GAAP, and earnings per share between $0.44-0.50 excluding special items and $0.40-0.46 under GAAP.
- The document also provides details on results by end market, comparison to prior year
Ceragon Networks reported its financial results for Q1 2013, with revenues of $90.1 million, down 19% from Q1 2012. The company saw increased revenue in Latin America but declines in other regions. Gross margin was 31.9%, consistent with prior periods. Research and development expenses increased as a percentage of revenue to 11.5% due to increased investment. This led to a non-GAAP net loss of $5.7 million compared to a loss of $2.2 million in Q1 2012. The report included analysis of revenue by region and customer type, profit and loss, cash flow, balance sheet items and a reconciliation of non-GAAP to GAAP results.
The document summarizes Alupar Investimento S.A.'s 1Q15 results. Key highlights include adjusted net revenue increasing 10.3% year-over-year to R$357.6 million. EBITDA grew 12.5% to R$316 million and net income rose 1.6% to R$178.2 million. Transmission saw adjusted net revenue and EBITDA increase 11.7% and 12.3% respectively. Generation reported higher net revenue and lower net income compared to 1Q14. Net debt increased 36% to R$3.379 billion at the end of 1Q15.
The document provides highlights from BR Properties' 2Q13 earnings release presentation. Key points include:
- 2Q13 net revenues increased 48% YoY to R$238.2 million due to additional rental revenues. Adjusted EBITDA rose 52% to R$221.2 million.
- Financial vacancy was 10.8% while physical vacancy was 5.5%, excluding recently delivered properties.
- During 2Q13 the company renegotiated debt, reducing average cost from TR + 10.36% to TR + 9.39%.
- Standard & Poor's altered its outlook on BR Properties from neutral to positive. The company also raised R$450 million in debentures.
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.
- The company reported net revenue of $623 million for the fiscal second quarter of 2018, an increase of 13% from the same quarter last year. Gross margin was 67.6% excluding special items and 65.8% under GAAP. Earnings per share was $0.65 excluding special items and a loss of $0.27 under GAAP.
- For the fiscal third quarter of 2018, the company expects revenue between $620-660 million with gross margin of 66-68% excluding special items. Earnings per share is expected to be $0.66-0.72 excluding special items.
- Key metrics such as free cash flow, capital expenditures, dividends, and share repurchases
- Net revenue for the third quarter of fiscal year 2016 was $555 million, down 4% from the previous year. Earnings per share were $0.41 excluding special items, up 3% from the previous year.
- Free cash flow on a trailing twelve month basis was $681 million, or 31% of revenue.
- Guidance for the fourth quarter of fiscal year 2016 forecasts revenue between $555-595 million and earnings per share between $0.45-0.51 excluding special items.
- The company returned $170 million to shareholders in the third quarter through dividends of $86 million and stock repurchases of $84 million.
- Advanced Emissions Solutions reported strong financial results in 2016, with distributions from its Refined Coal business exceeding expectations.
- Net income increased significantly due to higher earnings from equity investments in Refined Coal facilities and a $61 million deferred tax asset valuation allowance release.
- The company continued executing equipment contracts while minimizing costs in its Emissions Control business and growing chemical revenues through technology testing.
- The company reported net revenue of $566 million for the fourth quarter of fiscal year 2016, gross margin of 64.1% excluding special items and 61.3% under GAAP, and earnings per share of $0.49 excluding special items and $0.32 under GAAP.
- For fiscal year 2017 first quarter guidance, the company expects revenue between $540-580 million, gross margin between 63-65% excluding special items and 61-63% under GAAP, and earnings per share between $0.44-0.50 excluding special items and $0.40-0.46 under GAAP.
- The document also provides details on results by end market, comparison to prior year
Ceragon Networks reported its financial results for Q1 2013, with revenues of $90.1 million, down 19% from Q1 2012. The company saw increased revenue in Latin America but declines in other regions. Gross margin was 31.9%, consistent with prior periods. Research and development expenses increased as a percentage of revenue to 11.5% due to increased investment. This led to a non-GAAP net loss of $5.7 million compared to a loss of $2.2 million in Q1 2012. The report included analysis of revenue by region and customer type, profit and loss, cash flow, balance sheet items and a reconciliation of non-GAAP to GAAP results.
The document summarizes Alupar Investimento S.A.'s 1Q15 results. Key highlights include adjusted net revenue increasing 10.3% year-over-year to R$357.6 million. EBITDA grew 12.5% to R$316 million and net income rose 1.6% to R$178.2 million. Transmission saw adjusted net revenue and EBITDA increase 11.7% and 12.3% respectively. Generation reported higher net revenue and lower net income compared to 1Q14. Net debt increased 36% to R$3.379 billion at the end of 1Q15.
The document provides highlights from BR Properties' 2Q13 earnings release presentation. Key points include:
- 2Q13 net revenues increased 48% YoY to R$238.2 million due to additional rental revenues. Adjusted EBITDA rose 52% to R$221.2 million.
- Financial vacancy was 10.8% while physical vacancy was 5.5%, excluding recently delivered properties.
- During 2Q13 the company renegotiated debt, reducing average cost from TR + 10.36% to TR + 9.39%.
- Standard & Poor's altered its outlook on BR Properties from neutral to positive. The company also raised R$450 million in debentures.
- Centrica reported interim results for the period ended 30 June 2014, with revenue of £15.7 billion, adjusted operating profit of £1.3 billion, and adjusted earnings per share of 10.5p.
- British Gas residential energy supply profit fell due to warmer weather, while Direct Energy was impacted by the North American "Polar Vortex" winter.
- Centrica Energy profits decreased as a result of low seasonal gas storage spreads and write-downs, though international gas production increased.
- Centrica reaffirmed its commitment to real dividend growth and expects earnings to return to growth in 2015.
- Seadrill Partners reported net income of $22.1 million for Q2 2013 and generated distributable cash flow of $15.8 million.
- They completed the acquisition of tender rig T-15 from Seadrill Limited for $210 million.
- Seadrill Partners has opportunities for further growth through potential dropdowns of additional rigs from Seadrill's fleet of $15.4 billion in contracted backlog.
Seagate reported preliminary fiscal Q2 2009 results with total expenses of $383 million including acquisition costs of $18 million, restructuring costs of $94 million, and a deferred tax asset valuation adjustment of $271 million. Cash flow from operations was $89 million with negative free cash flow of $125 million. Key metrics like revenue of $2.27 billion and gross margin of 14.2% were reported along with segment results and debt covenant ratios.
- Net revenue for the first quarter of fiscal year 2018 was $576 million, a 3% increase from the previous year's first quarter. Earnings per share excluding special items was $0.60, a 24% increase.
- Trailing twelve months free cash flow was $819 million, representing 35% of trailing twelve month revenue.
- Guidance for the second quarter of fiscal year 2018 estimates revenue of $600-640 million and earnings per share excluding special items of $0.61-0.67.
- The company reported net revenue of $576 million for the first quarter of fiscal year 2018, gross margin of 66.9% excluding special items, and earnings per share of $0.60 excluding special items.
- For the second quarter of fiscal year 2018, the company expects revenue between $600-640 million, gross margin between 66-68% excluding special items, and earnings per share between $0.61-0.67 excluding special items.
- Over the last twelve months, the company generated $819 million in free cash flow, representing 35% of revenue, and returned $177 million to shareholders in the form of dividends and stock repurchases.
The document provides operating and financial results for Equatorial Energia for 1Q12. Key highlights include:
- CEMAR's billed energy volume increased 12.2% year-over-year to 1,119 GWh. Energy losses decreased 0.9 percentage points to 20.7%.
- Net operating revenues increased 32.1% to R$545.8 million and EBITDA grew 17.9% to R$132.5 million.
- Net income was R$48.1 million, a decrease of 40.9% compared to 1Q11.
- Total investments increased 47.4% to R$118.5 million, with CEMAR's own cape
Ship Finance International Q2 2013 results presentationTradeWindsnews
Ship Finance International reported its 2Q 2013 results on August 28, 2013. Net income for the quarter was $25.1 million, with aggregate charter revenue of $153.7 million. The company invested nearly $1 billion in new projects during the quarter, including a $600 million acquisition of a harsh environment jack-up drilling rig under long-term charter. Ship Finance has a $5.8 billion charter backlog and $261 million in total available liquidity as of the end of the quarter.
This document contains the consolidated financial statements of Nestlé for the year ended December 31, 2013. It includes the consolidated income statement, statement of comprehensive income, balance sheet, cash flow statement, and statement of changes in equity. It also includes notes related to accounting policies, segment analyses, employee benefits, taxes, and other financial details. The financial statements show that in 2013 Nestlé had sales of CHF 92.2 billion, net profit of CHF 10.0 billion, and total equity of CHF 64.1 billion.
CTEEP reported its financial results for the second quarter of 2015, with the following highlights:
- Net revenue increased 27.8% to R$279 million driven by growth in construction, O&M, and financial revenue.
- EBITDA was R$113.3 million, a margin of 40.6%. This was lower than the prior year due to higher contingency expenses.
- Net income was R$79.9 million, down 10.2% year-over-year.
- Gross debt declined 10.2% to R$1,070.8 million while cash increased, lowering net debt 4.7% to R$674.2 million.
Snam reported its 2013 full year results on February 28th, 2014. Key highlights included revenues of €3.529 billion, down 2.5% from 2012, and EBITDA of €2.803 billion, down 0.5% from the previous year. Net profit increased 17.7% to €917 million compared to 2012. Operationally, gas injected into Snam's network decreased 8.9% to 69 billion cubic meters for the year. Snam also paid a dividend of €0.25 per share for 2013 and continued investing in its gas infrastructure, spending over €1.29 billion on capital expenditures.
This document provides financial and operational results for AT&T across several business segments. Key highlights include:
- Wireless operating revenues increased 6% to $49.3 billion in 2008, with segment income increasing 58% to $10.8 billion. The number of wireless customers grew 5% to over 77 million.
- Wireline operating revenues declined 2% to $69.9 billion while segment income declined 7% to $11.2 billion in 2008 compared to 2007.
- Advertising & Publishing operating revenues declined 6% to $5.5 billion in 2008, with segment income declining 20% to $1.7 billion.
OxySure Systems reported financial results for the third quarter of 2015 with total revenue increasing 39% compared to the third quarter of 2014. Gross profit rose 12% and total cash increased 210% while working capital surplus grew 253%. The company achieved its 14th consecutive quarter of revenue growth and expects revenue to approach $5 million annually with potential for $10 million in revenue in 2016. OxySure continues to see strong sales in law enforcement customers and medical devices such as Quickclot Hemostatic Solution and AEDs.
Full year results presentation (final excluding script)Company Spotlight
- Total revenue for Wood Group increased 3% to $7.064 billion in 2013, while total EBITA rose 16% to $533 million. Adjusted diluted EPS also increased 16% to 98.6 cents.
- The Engineering segment saw growth across all three business areas. PSN delivered strong growth led by the US shale business. GTS performance was mixed, with maintenance growth offsetting a fall in power solutions, while the Siemens JV is expected to improve prospects.
- The outlook for 2014 remains positive overall, with further growth anticipated, though Engineering EBITA is forecast to be lower due to slower major project awards. PSN is positioned to deliver good growth led by US shale.
The document is the transcript of a quarterly earnings call by Itaú Unibanco Holding S.A. for the third quarter of 2015.
Key highlights from the document include:
- Financial margins with clients and the market increased significantly compared to the previous quarter and year-to-date.
- Provision for loan losses and non-interest expenses also increased compared to the previous periods.
- Recurring net income was R$6.1 billion for the quarter.
The document is the transcript of a conference call discussing Itaú Unibanco Holding's third quarter 2016 earnings. It provides pro forma financial information combining Itaú Unibanco and CorpBanca following their April 2016 merger. Key highlights include a 0.4% increase in recurring net income compared to last quarter and a 4.2% increase in operating revenues. Recurring return on equity was 19.9%, down 70 basis points from the previous quarter.
This document provides financial information for Devon Energy Corp for the years ending 31 December 2014, 2013 and 2012. It includes balance sheets, income statements and statements of cash flows. The balance sheet shows the company had total assets of $50.6 billion in 2014 compared to $42.9 billion in 2013. Net income increased to $1.6 billion in 2014 from a net loss of $20 million in 2013. Cash flow from operations was negative $8.2 billion in 2014 compared to negative $4 billion in 2013.
- Net revenue for the quarter was $633 million, up 5% year-over-year. Earnings per share excluding special items was $0.73, up 17% year-over-year.
- TTM free cash flow was $932 million, up 29% year-over-year, representing 38% of TTM revenue.
- Guidance for Q1 FY2019 is revenue between $615-655 million and earnings per share excluding special items of $0.72-0.78.
UGI Corporation reported record GAAP and adjusted EPS for Q2 2018. All four of its business units saw higher year-over-year results. Adjusted EPS increased 29% to $1.69 per share compared to $1.31 in Q2 2017. Favorable weather contributed to increased volumes and margins across many of the business units. Tax reform benefits also contributed $0.19 per share to adjusted EPS. AmeriGas saw a 14% increase in adjusted EBITDA due to 10% higher volumes from weather that was 14% colder than the prior year. UGI International benefited from acquisitions, currency rates, and colder weather in its international markets.
A press release and financial update from UMH Properties for the first quarter of 2016. UMH buys and manages trailer parks throughout the Marcellus/Utica region.
The document discusses Frontline's Q1 2013 results and provides an outlook for the tanker market. Key points include:
- Frontline reported a net loss of $18.8 million for Q1 2013 compared to a net loss of $0.8 million in Q1 2012.
- Spot earnings for VLCCs and Suezmax tankers were well below previous quarters due to weak oil demand and high fleet growth.
- Frontline sold one vessel and terminated two charter contracts in Q1, recognizing a net gain.
- The tanker orderbook remains high which could continue to pressure day rates if deliveries exceed demand growth in 2013.
This document contains the financial statements of UAC of Nigeria PLC for the year ended 31 December 2017. Some key highlights include:
- Revenue increased 8% to N89.2 billion for the group and decreased 9% to N826.5 million for the company.
- Operating profit decreased 19% to N7 billion for the group and increased 3% to N1.55 billion for the company.
- Profit for the year decreased 83% to N962.8 million for the group and increased 17% to N3.08 billion for the company.
- Total equity decreased 4% to N73.1 billion for the group and increased 5% to N23.45 billion for
- Centrica reported interim results for the period ended 30 June 2014, with revenue of £15.7 billion, adjusted operating profit of £1.3 billion, and adjusted earnings per share of 10.5p.
- British Gas residential energy supply profit fell due to warmer weather, while Direct Energy was impacted by the North American "Polar Vortex" winter.
- Centrica Energy profits decreased as a result of low seasonal gas storage spreads and write-downs, though international gas production increased.
- Centrica reaffirmed its commitment to real dividend growth and expects earnings to return to growth in 2015.
- Seadrill Partners reported net income of $22.1 million for Q2 2013 and generated distributable cash flow of $15.8 million.
- They completed the acquisition of tender rig T-15 from Seadrill Limited for $210 million.
- Seadrill Partners has opportunities for further growth through potential dropdowns of additional rigs from Seadrill's fleet of $15.4 billion in contracted backlog.
Seagate reported preliminary fiscal Q2 2009 results with total expenses of $383 million including acquisition costs of $18 million, restructuring costs of $94 million, and a deferred tax asset valuation adjustment of $271 million. Cash flow from operations was $89 million with negative free cash flow of $125 million. Key metrics like revenue of $2.27 billion and gross margin of 14.2% were reported along with segment results and debt covenant ratios.
- Net revenue for the first quarter of fiscal year 2018 was $576 million, a 3% increase from the previous year's first quarter. Earnings per share excluding special items was $0.60, a 24% increase.
- Trailing twelve months free cash flow was $819 million, representing 35% of trailing twelve month revenue.
- Guidance for the second quarter of fiscal year 2018 estimates revenue of $600-640 million and earnings per share excluding special items of $0.61-0.67.
- The company reported net revenue of $576 million for the first quarter of fiscal year 2018, gross margin of 66.9% excluding special items, and earnings per share of $0.60 excluding special items.
- For the second quarter of fiscal year 2018, the company expects revenue between $600-640 million, gross margin between 66-68% excluding special items, and earnings per share between $0.61-0.67 excluding special items.
- Over the last twelve months, the company generated $819 million in free cash flow, representing 35% of revenue, and returned $177 million to shareholders in the form of dividends and stock repurchases.
The document provides operating and financial results for Equatorial Energia for 1Q12. Key highlights include:
- CEMAR's billed energy volume increased 12.2% year-over-year to 1,119 GWh. Energy losses decreased 0.9 percentage points to 20.7%.
- Net operating revenues increased 32.1% to R$545.8 million and EBITDA grew 17.9% to R$132.5 million.
- Net income was R$48.1 million, a decrease of 40.9% compared to 1Q11.
- Total investments increased 47.4% to R$118.5 million, with CEMAR's own cape
Ship Finance International Q2 2013 results presentationTradeWindsnews
Ship Finance International reported its 2Q 2013 results on August 28, 2013. Net income for the quarter was $25.1 million, with aggregate charter revenue of $153.7 million. The company invested nearly $1 billion in new projects during the quarter, including a $600 million acquisition of a harsh environment jack-up drilling rig under long-term charter. Ship Finance has a $5.8 billion charter backlog and $261 million in total available liquidity as of the end of the quarter.
This document contains the consolidated financial statements of Nestlé for the year ended December 31, 2013. It includes the consolidated income statement, statement of comprehensive income, balance sheet, cash flow statement, and statement of changes in equity. It also includes notes related to accounting policies, segment analyses, employee benefits, taxes, and other financial details. The financial statements show that in 2013 Nestlé had sales of CHF 92.2 billion, net profit of CHF 10.0 billion, and total equity of CHF 64.1 billion.
CTEEP reported its financial results for the second quarter of 2015, with the following highlights:
- Net revenue increased 27.8% to R$279 million driven by growth in construction, O&M, and financial revenue.
- EBITDA was R$113.3 million, a margin of 40.6%. This was lower than the prior year due to higher contingency expenses.
- Net income was R$79.9 million, down 10.2% year-over-year.
- Gross debt declined 10.2% to R$1,070.8 million while cash increased, lowering net debt 4.7% to R$674.2 million.
Snam reported its 2013 full year results on February 28th, 2014. Key highlights included revenues of €3.529 billion, down 2.5% from 2012, and EBITDA of €2.803 billion, down 0.5% from the previous year. Net profit increased 17.7% to €917 million compared to 2012. Operationally, gas injected into Snam's network decreased 8.9% to 69 billion cubic meters for the year. Snam also paid a dividend of €0.25 per share for 2013 and continued investing in its gas infrastructure, spending over €1.29 billion on capital expenditures.
This document provides financial and operational results for AT&T across several business segments. Key highlights include:
- Wireless operating revenues increased 6% to $49.3 billion in 2008, with segment income increasing 58% to $10.8 billion. The number of wireless customers grew 5% to over 77 million.
- Wireline operating revenues declined 2% to $69.9 billion while segment income declined 7% to $11.2 billion in 2008 compared to 2007.
- Advertising & Publishing operating revenues declined 6% to $5.5 billion in 2008, with segment income declining 20% to $1.7 billion.
OxySure Systems reported financial results for the third quarter of 2015 with total revenue increasing 39% compared to the third quarter of 2014. Gross profit rose 12% and total cash increased 210% while working capital surplus grew 253%. The company achieved its 14th consecutive quarter of revenue growth and expects revenue to approach $5 million annually with potential for $10 million in revenue in 2016. OxySure continues to see strong sales in law enforcement customers and medical devices such as Quickclot Hemostatic Solution and AEDs.
Full year results presentation (final excluding script)Company Spotlight
- Total revenue for Wood Group increased 3% to $7.064 billion in 2013, while total EBITA rose 16% to $533 million. Adjusted diluted EPS also increased 16% to 98.6 cents.
- The Engineering segment saw growth across all three business areas. PSN delivered strong growth led by the US shale business. GTS performance was mixed, with maintenance growth offsetting a fall in power solutions, while the Siemens JV is expected to improve prospects.
- The outlook for 2014 remains positive overall, with further growth anticipated, though Engineering EBITA is forecast to be lower due to slower major project awards. PSN is positioned to deliver good growth led by US shale.
The document is the transcript of a quarterly earnings call by Itaú Unibanco Holding S.A. for the third quarter of 2015.
Key highlights from the document include:
- Financial margins with clients and the market increased significantly compared to the previous quarter and year-to-date.
- Provision for loan losses and non-interest expenses also increased compared to the previous periods.
- Recurring net income was R$6.1 billion for the quarter.
The document is the transcript of a conference call discussing Itaú Unibanco Holding's third quarter 2016 earnings. It provides pro forma financial information combining Itaú Unibanco and CorpBanca following their April 2016 merger. Key highlights include a 0.4% increase in recurring net income compared to last quarter and a 4.2% increase in operating revenues. Recurring return on equity was 19.9%, down 70 basis points from the previous quarter.
This document provides financial information for Devon Energy Corp for the years ending 31 December 2014, 2013 and 2012. It includes balance sheets, income statements and statements of cash flows. The balance sheet shows the company had total assets of $50.6 billion in 2014 compared to $42.9 billion in 2013. Net income increased to $1.6 billion in 2014 from a net loss of $20 million in 2013. Cash flow from operations was negative $8.2 billion in 2014 compared to negative $4 billion in 2013.
- Net revenue for the quarter was $633 million, up 5% year-over-year. Earnings per share excluding special items was $0.73, up 17% year-over-year.
- TTM free cash flow was $932 million, up 29% year-over-year, representing 38% of TTM revenue.
- Guidance for Q1 FY2019 is revenue between $615-655 million and earnings per share excluding special items of $0.72-0.78.
UGI Corporation reported record GAAP and adjusted EPS for Q2 2018. All four of its business units saw higher year-over-year results. Adjusted EPS increased 29% to $1.69 per share compared to $1.31 in Q2 2017. Favorable weather contributed to increased volumes and margins across many of the business units. Tax reform benefits also contributed $0.19 per share to adjusted EPS. AmeriGas saw a 14% increase in adjusted EBITDA due to 10% higher volumes from weather that was 14% colder than the prior year. UGI International benefited from acquisitions, currency rates, and colder weather in its international markets.
A press release and financial update from UMH Properties for the first quarter of 2016. UMH buys and manages trailer parks throughout the Marcellus/Utica region.
The document discusses Frontline's Q1 2013 results and provides an outlook for the tanker market. Key points include:
- Frontline reported a net loss of $18.8 million for Q1 2013 compared to a net loss of $0.8 million in Q1 2012.
- Spot earnings for VLCCs and Suezmax tankers were well below previous quarters due to weak oil demand and high fleet growth.
- Frontline sold one vessel and terminated two charter contracts in Q1, recognizing a net gain.
- The tanker orderbook remains high which could continue to pressure day rates if deliveries exceed demand growth in 2013.
This document contains the financial statements of UAC of Nigeria PLC for the year ended 31 December 2017. Some key highlights include:
- Revenue increased 8% to N89.2 billion for the group and decreased 9% to N826.5 million for the company.
- Operating profit decreased 19% to N7 billion for the group and increased 3% to N1.55 billion for the company.
- Profit for the year decreased 83% to N962.8 million for the group and increased 17% to N3.08 billion for the company.
- Total equity decreased 4% to N73.1 billion for the group and increased 5% to N23.45 billion for
The document outlines the responsibilities of directors of a company with respect to financial statements. The directors are responsible for preparing annual financial statements that give a true and fair view of the company's financial position. Their responsibilities include ensuring appropriate internal controls, keeping accurate accounting records in compliance with relevant laws, using suitable accounting policies, and assessing the company's ability to continue as a going concern.
Startup4Chinese #14: Hate financial trouble? Guidelines for non-finance backg...Ke Zheng
Startup4Chinese: Inspire, empower and connect entrepreneur minds.
Find out more at http://Startup4Chinese.com.
And our meetup group: http://meetup.com/Startup-4-Chinese-GTA/.
The video of this presentation:
part 1- https://www.youtube.com/watch?v=AFLaARQ6ktk
part 2 - https://www.youtube.com/watch?v=o_SM4n89f6M
Companies a lot of times fail because they overlooked the basics of running a business. Startups, too, often fail to execute the basics and create pitfalls later on.
Accounting is your business doctor - it tracks how your business’s been doing lately, finds out root causes and plans a path for you to get well. No companies can grow and be viable in the long run without proper accounting management. It reveals everything from sales - such as customer adoption rate, operations - such as operating inefficiencies, to strategic issues - such as positioning and branding.
This presentation will touch important accounting basics and classic business failure cases studies. It’ll also give out useful tips for business owners.
很多时候公司的失败是由于未做到管理生意的基本面而造成的。未作这些基本点的初创公司在创业初期不会感觉到有什么问题,但是没多久就会造成事后的悲催。
财务是你生意上的医生 —— 它统计着你生意的近况,诊断出问题的根源并且设计出一条改善你“健康”的道路。现今没有任何公司可以不使用现代财务管理工具而可以长期健康的生长。财务工具能帮你扯去公司运营表面现象的面纱,暴露一切问题:从销售的客户获取率,运营的效率,到战略上的问题比如定位和品牌。
这次的交流内容会涉及财务基础(针对非财务专业),现实生活中经典的公司案例(北美地区公司案例),然后会给初创公司的创业者们有用的tips.
Speaker: Jason Lu
Experience:
10+ years experience in business development (North America and the Asia Pacific), project valuation & acquisition, product costing, corporate finance consulting. Currently working as a consultant to help turnaround medium-sized and small businesses.
经验:
10多年经验——北美和亚太地区业务拓展(曾拓展超出两亿美金的年销售额),项目估值和并购(超过2,000万美金价值的项目并购),财务成本,公司财务顾问。目前作为顾问帮助挽转GTA地区的中小公司。
Education:
MBA 14’ – Schulich School of Business, York University
Chartered Professional Accountant (CPA): 2016 – present
B.Eng. - Hefei University of Technology, China
教育背景:
MBA 14’ – Schulich School of Business, York University
Chartered Professional Accountant (CPA): 2016 – present
B.Eng. – Hefei University of Technology, China
This document is the 2014 annual report and consolidated financial statements of an unnamed company. It includes standard financial statement sections such as the income statement, balance sheet, cash flow statement, and statement of changes in shareholders' equity. It provides financial information for 2014 and comparative figures for 2013, including key metrics such as revenues, expenses, assets, liabilities, cash flows, and shareholders' equity. The notes to the financial statements provide additional details on items in the statements and accounting policies.
Ship Finance International reported net income of $32 million for 1Q 2013. They generated $122 million in EBITDA from operations across their diverse fleet. They declared a dividend of $0.39 per share, equating to a 9% yield. Ship Finance refinanced several debt facilities recently and has $300 million in available liquidity. They also contracted to acquire four new 8,700 TEU container ships for delivery in 2014-2015.
The document is Aruba Networks' Form 10-Q quarterly report filed with the SEC for the quarter ended January 31, 2014. It includes:
- Consolidated balance sheets, statements of operations and comprehensive loss, and cash flows for the periods ended January 31, 2014 and 2013.
- Revenue was $176 million for the 3 months ended January 31, 2014, with a net loss of $11 million. For the 6 months ended, revenue was $337 million and the net loss was $19 million.
- Cash and investments totaled $278 million as of January 31, 2014.
This document discusses Frontline's Q2 2013 results and provides an outlook. Some key points:
- Frontline reported a net loss of $120.3 million for Q2 2013, which included a $81.3 million vessel impairment loss. Excluding impairment, the net loss was $39 million.
- Average VLCC spot rates increased to $8,000 per day in Q2 from $1,250 in Q1, while average Suezmax spot rates fell slightly to $11,500 from $12,500.
- Frontline's fleet consists of 48 vessels, including two Suezmax newbuildings with remaining payments of $87.9 million. The company expects VLCC cash breake
Terna reported its consolidated results for the first quarter of 2023. Revenues increased 11% to €713 million driven by growth in regulated transmission and dispatching activities. EBITDA rose 8% to €500 million and group net income increased 4% to €200 million. Capex was up 7% to €315 million, with investments focused on development projects. Net debt stood at €8.847 billion, an increase of €271 million primarily due to capital expenditures exceeding operating cash flow. Overall, Terna delivered solid financial results in 1Q 2023 and continued progress on its investment plan.
This document is the directors' report for United Bank for Africa PLC for the year ended 31 December 2018. It summarizes the bank's financial results including profit before tax of NGN106.77 billion and profit after tax of NGN78.61 billion. It discusses the proposed dividend of N0.65 per share and lists the bank's directors and their shareholdings. It also provides an analysis of the bank's shareholding structure and notes that no shareholder holds more than 5% of shares except Stanbic Nominees and Heirs Holdings.
This document provides financial and operational results for AT&T's wireless segment. Some key highlights include:
- Wireless operating revenues for 2008 were $49.3 billion, up 15.6% from 2007. Segment income was $10.8 billion for 2008, up 58.5% from 2007.
- As of December 31, 2008, AT&T had 77 million wireless customers, up 10.4% from a year earlier. Postpaid subscribers totaled 60.1 million in Q4 2008.
- Wireless data revenues in Q4 2008 were $3.1 billion, up 51.7% year-over-year, reflecting increased data usage and adoption of smartphones.
Terna reported its consolidated results for the first nine months of 2022. Revenues increased 5% to €1.99 billion driven by growth in regulated transmission activities. EBITDA rose 3.5% to €1.41 billion and net income increased 1% to €587 million. Capex was up 12% to €1.03 billion, well on track to meet annual targets. Net debt declined to €8.65 billion due to positive cash flow generation. Management affirmed 2022 guidance and that execution remains on track.
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.
This document analyzes and compares the financial performance of Coca-Cola and PepsiCo over three years from 2011-2013. It includes common-size income statements and balance sheets, comparative income statements and balance sheets, calculated financial ratios, and bond price analysis for both companies. The analysis shows that while both companies experienced revenue growth over the period, Coca-Cola had higher net income and stronger liquidity and return on asset ratios compared to PepsiCo.
This document contains financial statements and analysis for a company over several years:
1) Income statements, balance sheets, cash flow statements and key financial ratios are presented for years 2018-2025 with actual data for 2018-2021 and estimates for 2022-2025.
2) The income statement shows steady revenue growth of 10% per year along with trends in expenses, profits and tax rates.
3) The balance sheet outlines asset and liability accounts with growth assumptions. Major assets include property/equipment, investments and current assets.
4) Cash flow statements show cash from operations exceeding cash used in investing and financing activities, resulting in positive cash flow overall.
Terna reported its financial results for the first half of 2023. Revenues increased 12% to €1.485 billion driven by growth in both regulated and non-regulated activities. EBITDA rose 8% to €1.019 billion. Capex was up 26% as Terna accelerated investment in the Italian power grid to support the energy transition. Net income increased slightly to €411 million. Terna maintained a strong financial position with net debt of €9.458 billion as of June 30, 2023.
Terna reported its consolidated results for the first quarter of 2022. Revenues increased 5% to €644 million driven by growth in regulated transmission activities. EBITDA rose 3% to €461 million. Capex was up 21% to €293 million as Terna accelerates investments to support energy transition goals. Net debt declined to €8.7 billion due to positive operating cash flow covering investment needs. Management reconfirmed targets for 2022 with regulated revenue and EBITDA expected to increase compared to 2021.
Ship Finance International Q1 2014 results presentationTradeWindsnews
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.
The document is the annual report and consolidated financial statements of Oando PLC for the year ended 31 December 2016. It includes the directors' report, statement of profit or loss, statement of other comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows, and notes to the financial statements.
Some key details from the financial statements include:
- Revenue for the group was N455.7 billion for 2016, compared to N203.4 billion in 2015. The group reported a net profit of N3.5 billion for 2016 compared to a net loss of N49.7 billion in 2015.
- The group reported a loss from continuing operations of N25.8 billion
Similar to Seadrill Q1 2013 results presentation (20)
Olympic Shipping investor presentation 27 May 2014TradeWindsnews
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.
Höegh 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. Höegh 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.
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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
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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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- 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.
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.
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.
Höegh LNG presented financial results for the second quarter of 2013. Total income was USD 51.3 million, though EBITDA declined to USD 7.3 million due to higher construction contract expenses. All four new FSRUs under construction remain on time and on budget for delivery between February and June 2014. Höegh LNG was also awarded pre-FEED studies for a North American FLNG project and an Asian offshore FLNG project.
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2. Forward looking statements
The statements described in this presentation that are not historical facts are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements which could be made include, but are not limited to,
statements involving prospects for the Company, expected revenues, capital expenditures, costs and
results of operations and contingencies and other factors discussed in the Company's most recent annual
report on the Form 20-F for the year ended December 31, 2012 and in the Company's other filings with the
SEC, which are available free of charge on the SEC's website at www.sec.gov. Should one or more of
these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those indicated. All subsequent written and oral forward-looking statements
attributable to the Company or to persons acting on our behalf are expressly qualified in their entirety by
reference to these risks and uncertainties. You should not place undue reliance on forward-looking
statements. Each forward-looking statement speaks only as of the date of the particular statement, and we
undertake no obligation to publicly update or revise any forward-looking statements. All non-GAAP financial
measure reconciliations to the most comparative GAAP measure are displayed in quantitative schedules on
the company’s web site at seadrill.com.
2
4. Financial performance highlights
• Seadrill generates a record EBITDA of
US$713 million for the first quarter 2013
• Earnings impacted by a US$61 million gain
for the sale of the 1985 built jack-up West
Janus
• Economic utilization for our floaters
increased to 92 percent, up from 86 percent
in the fourth quarter 2012
• Seadrill reports first quarter 2013 net
income of US$440 million and earnings
per share of US$0.87
• Seadrill increases quarterly cash dividend
with US$0.03 to US$0.88 per share
Quarterly EBITDA
Dividend distribution per share
4
5. Highlights
First Quarter 2013
• Orders four high specification jack-ups for US$230 million per rig
• Completes the acquisition of the Songa Eclipse for US$590 million
• Completes the sale of the 1985 built jack-up West Janus for US$73 million
5
Subsequent Events
• Completes the integration of the tender rig fleet into SapuraKencana for a total
consideration of US$2.9 billion
• Secures a three-year contract for the newbuild ultra-deepwater drillship West Neptune
with revenue potential of US$662 million
• Completes the sale of the tender rig T15 to Seadrill Partners for US$210 million
6. Global operational footprint
Presence in all important oil and gas regions
Americas
7 units
- 3 Drillships
- 2 Semis
- 1 Semi-tender
- 7 Jack-ups
Africa –
Middle East
14 units
Brazil
North Atlantic
West Africa
Middle East
Asia Pacific
Gulf of Mexico
- 1 Tender rig
- 7 Jack-ups
Asia Pacific
8 units*
- 4 Semis
- 2 Jack-ups
- 1 Drillship
North Atlantic
7 units
Newbuilds 19 units
London
- 6 Drillships
- 2 HE Semis
- 1 HE jack-up
- 9 BE jack-ups
- 1 Tender rig
Canada
- 1 Semi
Gulf of Mexico
-3 Semis
-1 Drillship
South America
- 3 Semis
6
9. Orderbacklog – US$19.1 bn*
BP
Total
Exxon
Statoil
Petrobras
Tullow
Husky
Others
24%
12%
12%
10%
9%
6%
6%
21%
A
AA-
AAA
AA-
BBB
-
BBB
-
4.3
3.2
4.0
4.5
2.9
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2013 2014 2015 2016 Remaining
US$ Millions
*Includes backlog for our three tender rigs
10. Highlights – Market trends
• Ultra Deepwater international
– Increased spend from Oil and Gas companies
– Newbuild prices & Dayrates stable
– Africa and GoM driving demand
– Operational and financial risks – has increased
barriers to entry
• Harsh environment units
– Significant discoveries in harsh environment areas
– Ageing rig fleet – newbuilds replacing existing rigs
– Increased focus on HE Jack-ups
• Premium Jack-up rigs
– Continued strong demand for premium jack-up rigs
– Marketed utilization above 95%
– Driven by strong demand from Middle East & SE
Asia
– Increasing demand from Mexico and W Africa
– Increased demand for premium jack-ups units with
greater well and handling capacities compared to
older units
Market environment conducive for further growth
10
11. Dividend
• Key objective to distribute quarterly
dividends
• Cash dividend resolved at US$0.88 per
share
• Increase reflects improved free cash flow
and newbuilds commencing operation this
year
• Future dividends depend on:
– Contract coverage
– Capital expenditure
– Leverage capacity
– Future earnings
11
12. Summary
12
• Economic utilization is back to norm
• SapuraKencana transaction completed
• Four jack-ups ordered
• T15 dropped down to SDLP
• Growing earnings and dividend
14. Financial performance highlights
This quarter Previous quarter
EBITDA US$713 m US$604 m
Earnings per share US$0.87 US$(0.04)
Operating profit US$552 m US$441 m
Financial items US$ (68) m US$(335) m
Cash flow from operating activities US$423 m US$318 m
Dividend declared per share
(Previous quarter dividend distributed early December 2012)
US$0.88 US$0.85
14
16. Operating Income - Floaters
Unaudited accounts in USD millions 1Q13 4Q12 3Q12 2Q12
Operating revenues 757 700 674 718
Reimbursables 43 63 22 11
Other revenues 7 1 3 0
Total operating revenues 807 764 699 728
Gain on sale of assets - - - -
Vessel and rig operating expenses 290 243 254 247
Reimbursable expenses 40 59 21 9
Depreciation and amortisation 117 109 107 101
General and administrative expenses 42 49 35 26
Total operating expenses 489 460 417 383
Net operating income 318 304 282 346
16
17. Operating Income – Jack-up rigs
Unaudited accounts in USD millions 1Q13 4Q12 3Q12 2Q12
Operating revenues 256 233 203 186
Reimbursables 15 14 5 16
Other revenues (2) 0 0 (3)
Total operating revenues 269 247 209 199
Gain on sale of assets 61 0 0 0
Vessel and rig operating expenses 112 121 98 73
Reimbursable expenses 13 11 5 16
Depreciation and amortisation 37 38 39 36
General and administrative expenses 23 25 20 15
Total operating expenses 185 195 162 140
Net operating income 145 52 47 59
17
18. Operating Income – Tender rigs
Unaudited accounts in USD millions 1Q13 4Q12 3Q12 2Q12
Operating revenues 182 193 178 183
Reimbursables 6 7 6 10
Other revenues 2 2 (1) 2
Total operating revenues 190 202 183 195
Gain on sale of assets - - 0 0
Vessel and rig operating expenses 80 85 69 85
Reimbursable expenses 5 7 5 9
Depreciation and amortisation 7 15 15 14
General and administrative expenses 8 10 10 8
Total operating expenses 100 117 99 117
Net operating income 90 85 84 78
18
19. Operating Income – Total Seadrill Limited
Unaudited accounts in USD millions 1Q13 4Q12 3Q12 2Q12
Operating revenues 1,195 1 126 1 056 1 087
Reimbursables 64 85 33 37
Other revenues 6 3 2 (1)
Total operating revenues 1,265 1 215 1 092 1 122
Gain on sale of assets 61 - 0 0
Vessel and rig operating expenses 482 448 423 404
Reimbursable expenses 59 78 30 34
Depreciation and amortisation 161 163 161 151
General and administrative expenses 72 84 65 50
Total operating expenses 774 774 679 639
Net operating income 552 441 413 483
19
20. Net Income – Total Seadrill Limited
Unaudited accounts in USD millions 1Q13 4Q12 3Q12 2Q12
Net operating income 552 441 413 483
Financial items
Interest income 4 11 5 4
Interest expense (108) (91) (102) (76)
Share in results from associated companies 2 (214) (38) 15
Gain on re-measurement of previous held equity 10 - - -
Gain on bargain purchase 15 - - -
Gain/(Loss) in financial derivatives (5) (12) 20 (96)
Foreign exchange gain/(loss) 13 (19) (43) 12
Realization of marketable securities - (1) 0 85
Gain on decline in ownership interest - 0 0 169
Other financial items 1 (9) 0 1
Total financial items (68) (335) (158) 114
Income before income taxes 484 106 255 597
Income taxes (44) (108) (39) (43)
Net income 440 (2) 216 554
Earnings per share (US$) 0.87 (0.04) 0.40 1.12
20
21. Balance sheet - Assets
Unaudited accounts in USD millions
March
31, 2013
December
31, 2012
September
30, 2012
Current assets
Cash and cash equivalents 328 318 518
Restricted cash 174 184 151
Marketable securities 314 333 246
Accounts receivables, net 884 917 835
Amount due from related party 264 293 213
Current assets held for sale 195 - -
Other current assets 191 309 335
Total current assets 2 350 2 354 2 298
Non-current assets
Investment in associated companies 420 509 658
Newbuildings 2 654 1 882 1 629
Drilling units 12 746 12 894 12 956
Goodwill 1 200 1 320 1 320
Restricted cash 201 218 231
Deferred tax assets 12 13 31
Equipment 41 40 38
Non-current assets held for sale 1 188 - -
Other non-current assets 394 402 318
Total non-current assets 18 856 17 278 17 181
Total assets 21 206 19 633 19 479
21
22. Balance Sheet – Liabilities and Shareholder’s Equity
March 31, 2013
December
31, 2012
September
30, 2012
Current liabilities
Current portion of long-term debt 2 598 2 066 1 523
Trade accounts payable 58 72 62
Current liabilities associated with assets held for sale 155 - -
Other current liabilities 1 971 1 475 1 311
Total current liabilities 4 782 3 613 2 896
Non-current liabilities
Long-term interest bearing debt 7 883 8 695 9 296
Long-term debt to related party 935 935 435
Deferred taxes 32 77 19
Non-current liabilities associated with assets held for sale 701 - -
Other non-current liabilities 343 288 266
Total non-current liabilities 9 894 9 995 10 016
Equity
Total shareholder’s equity 6 530 6 024 6 567
Total liabilities and shareholder’s equity 21 206 19 632 19 479
22
23. Non-financial highlights
• Seadrill and North Atlantic Drilling in discussions with potential strategic partners.
• Due to the partnership discussions, the IPO process will resume in the third quarter
• West Hercules starts drilling operations for Statoil in the Barents Sea
• Market activity is high with several active tender processes in the market. Signals
from the Oil & Gas companies suggest several new tenders to be in the pipeline
catering for high activity for an extended period
23
24. This quarter Previous quarter
EBITDA US$135 m US$140 m
Earnings per share US$0.240 US$(0.023)
Operating profit US$92 m US$98 m
Financial items US$(30) m US$(19) m
Dividend declared per share US$0.225 US$0.225
Financial reporting highlights
24
25. Operating Income - Total
Unaudited accounts in USD millions 1Q13 4Q12 3Q12 2Q12
Operating revenues 272 241 244 251
Reimbursables 46 42 17 16
Total operating revenues 318 283 261 267
Vessel and rig operating expenses 125 89 86 86
Reimbursable expenses 42 38 16 15
Depreciation and amortisation 44 43 42 42
General and administrative expenses 15 16 12 11
Total operating expenses 226 186 155 153
Net operating income 92 98 106 114
25
26. Unaudited accounts in USD millions 1Q13 4Q12 3Q12 2Q12
Net operating income 92 98 106 114
Financial items
Interest expense (19) (22) (19) (20)
(Loss) / gain on derivatives (6) 2 (4) (21)
Other financial items (5) 1 (9) 8
Total financial items (30) (19) (32) (33)
Income before income taxes 62 79 74 81
Income taxes (7) (84) (9) (10)
Net income / (loss) 55 (5) 65 71
Earnings per share (US$) 0.240 (0.023) 0.286 0.310
26
Net Income - Total
27. March
31, 2013
December
31, 2012
September
30, 2012
Current assets
Cash and cash equivalents 120 98 235
Restricted cash 19 24 16
Accounts receivables, net 225 212 173
Related party receivables 142 243 90
Deferred tax assets 10 10 10
Other current assets 28 42 65
Total current assets 544 629 589
Non-current assets
Newbuildings 255 249 238
Drilling units 2 419 2 416 2 425
Goodwill 481 481 481
Deferred tax assets 23 26 20
Other non-current assets 135 138 142
Total non-current assets 3 313 3 310 3 306
Total assets 3 857 3 939 3 895
27
Balance Sheet - Assets
28. March
31, 2013
December
31, 2012
September
30, 2012
Current liabilities
Current portion of long-term debt 167 167 167
Related party liabilities 11 47 61
Tax payable 48 71 150
Deferred taxes 12 12 12
Other current liabilities 397 405 210
Total current liabilities 635 702 599
Non-current liabilities
Long-term interest bearing debt 1 542 1 583 1 625
Related party liability 718 703 700
Deferred taxes 40 22 25
Pension liabilities 35 50 37
Other non-current liabilities 44 41 47
Total non-current liabilities 2 379 2 399 2 434
Equity
Total shareholder’s equity 843 838 862
Total liabilities and shareholder’s equity 3 857 3 939 3 895
28
Balance Sheet – Liabilities and Shareholder’s Equity
29. 29
• 24 Ultra-deepwater units built after 2000
• 2 Midwater semi-submersible rigs
• 24 High-specification jack-up rigs
built after 2005
• 3 Harsh environment Jack-ups
Core assets
Financial investments
12% of SapuraKencana – MV
US$928m
Assets
30% of Sevan Drilling – MV
US$92m
39.9% of Archer – MV US$168m