ARION BANK: CAPITAL MARKETS DAYS Gylfi Sigfússon, President and CEO of Eimskip 9 April 2015

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "ARION BANK: CAPITAL MARKETS DAYS 2015. Gylfi Sigfússon, President and CEO of Eimskip 9 April 2015"

Transcription

1 ARION BANK: CAPITAL MARKETS DAYS 2015 Gylfi Sigfússon, President and CEO of Eimskip 9 April 2015

2 BUSINESS SEGMENTS Liner services in the North Atlantic and international forwarding services Liner services The core of the company s operations Eimskip s home market includes: Maine USA, Nova Scotia, Newfoundland Labrador, Iceland, the Faroe Islands and Northern Norway 16 vessels in operation Port operations Chilled and cold storage facilities Warehousing Trucking and distribution Air-freight services Agency services Revenue by segment 2014 Geographical split of revenue 2014 Forwarding services Main focus on reefer forwarding and general cargo building up Efficient system based on a network of own offices in 19 countries Strong cooperation with the large deep-sea lines and 68 associates in 38 countries 2

3 EIMSKIP S HOME MARKET Niche market areas with rich natural resources Greenland 56,000 Iceland 330,000 Northern Norway 500,000 Murmansk, Russia 300,000 Maine, USA 1,300,000 Newfoundland Labrador and Nova Scotia 1,470,000 The Faroe Islands 50,000 3

4 4

5 EIMSKIP S INTERNATIONAL OPERATIONS Contribute to 53% of the company s operating revenue 600 employees 36 offices in 18 countries in Europe, North America and Asia 4 container terminals 11 warehouses 7 chilled and cold storage facilities 349 trucks, vans and trailers 57 associates in 37 countries in Europe, North America, Asia, Africa and South America 5

6 PORTLAND, MAINE Population of the state of Maine is 1.3 million and inside 600 mile range from Portland is a market of 60 million people In March 2013 Eimskip moved its main hub on the US east coast to Portland, Maine - Replaced Norfolk VA and Everett MA Three offices and warehouses operated in the US - In Portland, New York and Norfolk Intentions of further investments in infrastructure in Portland - Terminal, warehouse, cold storage and rail connection Eimskip is currently the only container carrier serving the port of Portland offering direct connection to Europe and short sea services to and from Canada Worldwide dry and reefer forwarding services - Opening of a freight forwarding department Hub for import and distribution of frozen fish from the North Atlantic 6

7 NEWFOUNDLAND LABRADOR AND NOVA SCOTIA Eimskip began its regular services to Argentia in Newfoundland in 1989 and has operated its own office in St. John s since 1990 Main focus on seafood and industrial cargo Operation of own cold storage facilities - Harbour Grace with special focus on serving trawlers - St. Anthony with special focus on serving trawlers and containerizing cargo (acquired in 2015) Cargocan forwarding company, located in St. John s (acquired in 2015) Eimskip is the only container carrier offering direct services between - Newfoundland Labrador and Europe - Newfoundland Labrador and Nova Scotia to and from USA 7

8 FAROE ISLANDS The Faroe Islands play an important role in the North Atlantic network Faroe Ship has a strong position in the Faroese transportation market - Operates the Tórshavn container terminal and warehouses - Offers door-to-door transportations and logistics solutions - Operates chilled and cold storage facilities in Tórshavn and Klaksvík - Extensive services for the salmon industry Imports to the Faroe Islands embrace a wide range of commodities while exports consist mainly of seafood products Various construction projects in the works Tórshavn port authority is planning to expand the port considerably 1 1 8

9 NORWAY Eimskip operates in six locations along the Norwegian coast Operates six side-loaded reefer vessels Chilled and cold storage facilities in Kirkenes and Sortland The only container carrier connecting Northern Norway and North America Through extensive service network, Eimskip connects Murmansk in Russia, Norway, the Netherlands and the UK - Call on average 20 ports in Norway Through the northern liner route, Eimskip offers services for the oil industry Worldwide reefer forwarding services 9

10 EIMSKIP S OWN OFFICES IN EUROPE REYKJAVÍK TROMSØ SORTLAND KIRKENES MURMANSK TÓRSHAVN ÅLESUND FREDRIKSTAD ÅLBORG IMMINGHAM ÅRHUS HELSINGBORG GATWICK GDYNIA ROTTERDAM HAMBURG ANTWERPEN VIGO GENOA ÅRHUS DENMARK GENOA ITALY HAMBURG GERMANY GDYNIA POLAND HELSINGBORG SWEDEN IMMINGHAM UK 10

11 EIMSKIP S SERVICE NETWORK IN ASIA Eimskip celebrated its 10th anniversary in Asia in 2014 Seven own offices in Asia, offering reefer and dry forwarding services Operations in - China, since 2004, four offices today - Japan and Vietnam, since Thailand, since 2012 Numerous associates in Asia Cold storage operations in the port of Qingdao, China, in a joint venture with the port authority - New commodities and markets Volume growth in Intra-Asia trade 11

12 FORWARDING SERVICES 55 own offices and 68 associates in 46 countries 12

13 FLOW OF REEFER FORWARDING 2014 New commodities, markets and companies in forwarding services Europe > Asia 20% Intra-Europe 7% Asia > North America 9% Asia > Middle East 3% Intra-Asia 22% Asia > Europe 24% Asia > Africa 3% Europe > Middle East 1% Europe > South America 1% Europe > Africa 6% Asia > South America 4% Eimskip s reefer forwarding volume grew by 20% from 2012 to

14 EXTERNAL FACTORS 14

15 THE EFFECT OF LOWER FUEL COST FOR EIMSKIP Decreased fuel prices have marginal effect on the company s results Bunker Adjustment Fee (BAF) is charged to customers which largely offsets the company s risk towards fluctuation in fuel prices Customers benefit from lower fuel prices through the Bunker Adjustment Fee Source: Bloomberg Eimskip s total fuel cost for 2014 was about EUR 36 million Fuel cost for the year 2014 with today s prices, the new SECA rules on lower sulfur emissions and the strengthening of USD towards EUR would have been 21% lower 15

16 EIMSKIP S SALES AND EXPENSES 2014 BY CURRENCY Natural currency hedge Sales Expenses 16

17 DEEP-SEA LINE RATES Considerable fluctuations in rates Eimskip s forwarding operation, both revenues and costs, is affected by fluctuations in DSL rates Eimskip is purchasing services from the DSL companies and is selling to its customers with a margin During the last few years, the DSL rates have fluctuated much and the fluctuations are affecting the company s operation It is interesting to compare fluctuations in DSL rates with the profit margin of the DSL companies which have shown similar fluctuations Source: Eimskip and Alphaliner 17

18 GROWTH GOING FORWARD 18

19 PLANNED LARGE SCALE PROJECTS IN ICELAND Volume increase in container traffic may increase by 30-35% in coming years 19

20 INFRASTRUCTURE INVESTMENTS IN ICELAND Transactions in 2015 Land in Grundartangi - Eimskip seeks to develop further in Grundartangi in relation to the current and future industries in good cooperation with companies in the area - The company has invested in 22,410 m 2 land in Grundartangi Two Gottwald harbor cranes - With the crane investment, the company will further strengthen its operations in Iceland and the Faroe Islands - Will be able to run the vessels on the Blue Line without vessel cranes Hafnarfjördur - Eimskip has started construction of a 10,000-ton cold storage facility in its location on the harbor site in Hafnarfjördur - An addition to the company s current 3,000-ton Fjardarfrost 20

21 GROWTH IN LINE WITH STRATEGY Through acquisitions and joint ventures Eimskip s plans for external growth are, in line with current strategy, to make accretive acquisitions that create synergies, strengthen the company s performance and increase shareholder value Reasonably sized acquisitions and joint venture projects 1 - Container liner operations - Reefer and dry vessel operations 1 - Terminal operations - Port located cold storages with strong connection to the seafood industry - Trucking to serve Eimskip s needs and third-party - Custom clearance / brokerage serving liner trade Reefer logistics worldwide - Freight forwarding companies - Continued focus on opening new offices supporting the existing network 21

22 MERGER AND ACQUISITIONS Transactions in 2015 Jac. Meisner - Eimskip has strengthened its position in worldwide reefer logistics services with the acquisition of the forwarding company Jac. Meisner in Rotterdam, the Netherlands Joint venture in ship management and trading - Eimskip and König & Cie. Holding have established a joint venture which will be specialized in ship management and trading and is located in Hamburg, Germany Warehouse operation in Århus - Eimskip has taken over a 15,500 m 2 warehouse operation from Damco in Århus, Denmark - Merged with the company s former warehouse operation in Århus, the total warehouse operation of 21,500 m 2 makes Eimskip the largest third-party logistics provider in Århus which is the second largest port in Scandinavia Companies in Newfoundland Labrador - In cooperation with Harbour Grace Shrimp Company Ltd. Eimskip has acquired the cold storage operation of St. Anthony Cold Storage Ltd. in St. Anthony - Eimskip has also acquired the forwarding company Cargocan Agency Ltd. in St. John s 22

23 SUITABLE INVESTMENTS CREATE SHAREHOLDER VALUE Eimskip s financial strength allows valuable transactions Important to be very selective on potential transactions with the following criteria in mind - In line with Eimskip s current strategy - Creates synergy - Creates shareholder value - Strong management Currently analyzing about 20 potential projects 23

24 DUAL LISTING Approval from the Central Bank of Iceland Shareholders approval to issue up to 100 million new shares The Central Bank of Iceland has approved Eimskip s application for dual listing with certain restrictions Influencing factors on the process - Eimskip s potential investments - Market conditions - Capital controls in Iceland - The investigation of the Icelandic Competition Authority on Eimskip OSLO Shipping Index April 2014 to April 2015 Source: 24

25 Q & A 25

26 DISCLAIMER Information contained in this presentation is based on sources that Eimskipafélag Íslands hf. ( Eimskip or the Company ) considers reliable at each time. Its accuracy or completeness can however not be guaranteed. Copyright of information contained in this presentation is owned by Eimskip. This presentation, including information contained therein, may not be copied, reproduced or distributed in any manner, neither wholly nor partly. This presentation is solely for information purposes and is not intended to form part of or be the basis of any decision making by its recipients. Nothing in this presentation should be construed as a promise or recommendation. Eimskip is not obliged to provide recipients of this presentation any further information on the Company or to make amendments or changes to this publication should inaccuracies or errors be discovered or opinions or information change. Any statement contained in this presentation that refers to the Company s estimated or anticipated future results or future activities are forwardlooking statements which reflect the Company s current analysis of existing trends, information and plans. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially depending on factors such as the availability of resources, the timing and effect of regulatory actions and other factors. Eimskip undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this presentation. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. All forward-looking statements are qualified in their entirety by this cautionary statement. By the receipt of this presentation the recipient acknowledges and accepts the aforesaid disclaimer and restrictions. 26

27

Eimskipafélag Íslands hf.

Eimskipafélag Íslands hf. Eimskipafélag Íslands hf. 1 January to 30 June 2016 EUR Eimskipafélag Íslands hf. Korngardar 2 104 Reykjavík Iceland Reg. no. 690409-0460 This page has been left blank intentionally of Eimskipafélag Íslands

More information

Marel has agreed to acquire MPS meat processing systems for 382 million on a debt and cash-free basis Parallel Marel secured close to 670 million

Marel has agreed to acquire MPS meat processing systems for 382 million on a debt and cash-free basis Parallel Marel secured close to 670 million Marel has agreed to acquire MPS meat processing systems for 382 million on a debt and cash-free basis Parallel Marel secured close to 670 million senior long term financing for the group at favorable terms

More information

GrainCorp Acquisition Investor Presentation. May 1, 2013

GrainCorp Acquisition Investor Presentation. May 1, 2013 GrainCorp Acquisition Investor Presentation May 1, 2013 Safe Harbor Statement Some of our comments constitute forward-looking statements that reflect management s current views and estimates of future

More information

Eimskipafélag Íslands hf.

Eimskipafélag Íslands hf. Eimskipafélag Íslands hf. 1 January to 31 March 2014 EUR Eimskipafélag Íslands hf. Korngardar 2 104 Reykjavík Iceland Reg. no. 690409-0460 Contents Endorsement and Statement by the Board of Directors and

More information

CBI Trade Statistics: Fish and Seafood

CBI Trade Statistics: Fish and Seafood CBI Trade Statistics: Fish and Seafood Introduction Seafood consumption and production in Europe is relatively stable. The largest seafood consumers live in France, Spain and Italy: the Southern part of

More information

A.P. Møller - Mærsk A/S. Annual Report 2007. Teleconference - 13 March 2008. Group CEO Nils Smedegaard Andersen Group CFO Soren Thorup Sorensen

A.P. Møller - Mærsk A/S. Annual Report 2007. Teleconference - 13 March 2008. Group CEO Nils Smedegaard Andersen Group CFO Soren Thorup Sorensen A.P. Møller - Mærsk A/S Teleconference - Annual Report Speakers: Group CEO Nils Smedegaard Andersen Group CFO Soren Thorup Sorensen Forward-looking statements The presentation contains forward-looking

More information

PORTS OF. sh i p to no r way

PORTS OF. sh i p to no r way PORTS OF NORWAY sh i p to no r way Annually between 12 and 14 million tonnes of cargo is imported and exported by truck to and from Norway. Norwegian ports work closely with authorities and shipping companies

More information

Management Policies of Nippon Express. March 2007

Management Policies of Nippon Express. March 2007 Management Policies of Nippon Express March 2007 1. Our Group's Business Framework 1. Our Group's Business Framework Nippon Express Group Overseas Japan Asia-Oceania Europe Americas Domestic transport

More information

The Changing Global Economy: The Implications and Opportunities for Transportation in Atlantic Canada

The Changing Global Economy: The Implications and Opportunities for Transportation in Atlantic Canada The Changing Global Economy: The Implications and Opportunities for Transportation in Atlantic Canada Atlantic Provinces Transportation Forum St. John s, NL May 30, 2007 David Chaundy, Senior Economist,

More information

Acquisition of SAIT Communications. 28 July 2015

Acquisition of SAIT Communications. 28 July 2015 Acquisition of SAIT Communications 28 July 2015 Conference call details SpeedCast acquires SAIT Communications The company has scheduled a conference call as follows: Time: 11.00am (Sydney time), 28 th

More information

EUROPE / AFRICA SURCHARGE OVERVIEW February / March/April

EUROPE / AFRICA SURCHARGE OVERVIEW February / March/April BUNKER ADJUSTMENT FACTOR (BAF) Surcharge for additional fuel cost for carrier, BAF quantum per TEU, Low Sulphur Fule is included where applicable February '11 March'11 April'11 From To Currency BAF (Dry)

More information

EUROPE / AFRICA SURCHARGE OVERVIEW

EUROPE / AFRICA SURCHARGE OVERVIEW BUNKER ADJUSTMENT FACTOR (BAF) Surcharge for additional fuel cost for carrier, BAF quantum per TEU, Low Sulphur Fule is included where applicable DEC'13 JAN'14 FEB'14 From To Currency BAF (Dry) BAF (Reefer)

More information

Cash offer for Cardo. Johan Molin, President & CEO Tomas Eliasson, CFO

Cash offer for Cardo. Johan Molin, President & CEO Tomas Eliasson, CFO Cash offer for Cardo Johan Molin, President & CEO Tomas Eliasson, CFO 1 Investor presentation disclaimers Forward-looking Statements Information set forth in this presentation may contain forward-looking

More information

GLOBAL TRENDS IN SHIP SOURCED MARINE POLLUTION. Dr Henk Renken. ITOPF, 1 Oliver s Yard, 55 City Road. London EC1Y 1HQ, United Kingdom

GLOBAL TRENDS IN SHIP SOURCED MARINE POLLUTION. Dr Henk Renken. ITOPF, 1 Oliver s Yard, 55 City Road. London EC1Y 1HQ, United Kingdom GLOBAL TRENDS IN SHIP SOURCED MARINE POLLUTION Dr Henk Renken ITOPF, 1 Oliver s Yard, 55 City Road London EC1Y 1HQ, United Kingdom henkrenken@itopf.com Paper presented at: Oil in the Sea Conference, Hamburg,

More information

A greener route to the capital

A greener route to the capital Port of Oslo Port of Oslo A greener route to the capital 1 all photos: Tomm W. Christiansen Half of the Norwegian population lives less than three hours from the Port of Oslo Each crane can handle 27 containers

More information

EARNINGS RELEASE FOR IMMEDIATE RELEASE EXPEDITORS REPORTS FOURTH QUARTER 2014 EPS OF $0.51 PER SHARE 1

EARNINGS RELEASE FOR IMMEDIATE RELEASE EXPEDITORS REPORTS FOURTH QUARTER 2014 EPS OF $0.51 PER SHARE 1 By: Expeditors International of Washington, Inc. 1015 Third Avenue, Suite 1200 Seattle, Washington 98104 EARNINGS RELEASE CONTACTS: R. Jordan Gates Bradley S. Powell President and Chief Operating Officer

More information

ACQUISITION OF PARSONS BRINCKERHOFF

ACQUISITION OF PARSONS BRINCKERHOFF Freedom Tower (WSP) ACQUISITION OF PARSONS BRINCKERHOFF Building a Leading Global Professional Services Firm September 15, 2014 A final short form prospectus containing important information relating to

More information

Thailand s Logistics

Thailand s Logistics Thailand s Logistics Over the past fourteen years, overall international trade with Thailand has grown 340% and manufacturing trade 370%; this growth, aided in part by the nation s bilateral trade agreements

More information

HAMBURGER HAFEN UND LOGISTIK AG ANALYSTS CONFERENCE

HAMBURGER HAFEN UND LOGISTIK AG ANALYSTS CONFERENCE HAMBURGER HAFEN UND LOGISTIK AG ANALYSTS CONFERENCE 31 MARCH 2008 Hamburger Hafen und Logistik AG DISCLAIMER The facts and information contained herein are as up to date as is reasonably possible and are

More information

Freight transport as value adding activity: A case study of Norwegian fish transports

Freight transport as value adding activity: A case study of Norwegian fish transports Freight transport as value adding activity: A case study of Norwegian fish transports Ingar K. Larsen Institute of Transport Economics, PO Box 6110 Etterstad, N-0602 Oslo, Norway Abstract The Norwegian

More information

Dissolution of Global Alliance Conference Call June 5, 2015

Dissolution of Global Alliance Conference Call June 5, 2015 Dissolution of Global Alliance Conference Call June 5, 2015 Forward-Looking Statements Certain information contained in this presentation constitutes forward-looking statements for purposes of the safe

More information

Best direction for logistics

Best direction for logistics Best direction for logistics 2 It takes logistics expertise to transport products. You must be able to rely on and trust your logistics partner. That is exactly why more and more companies have chosen

More information

KONGSBERG. Geir Håøy - President Kongsberg Maritime Addressing the challenges shaping the future

KONGSBERG. Geir Håøy - President Kongsberg Maritime Addressing the challenges shaping the future KONGSBERG Geir Håøy - President Kongsberg Maritime Addressing the challenges shaping the future Disclaimer This presentation contains certain forward-looking information and statements. Such forward-looking

More information

Electronic Trading Platform Product - Pellets Getting Started Guide v 1.1

Electronic Trading Platform Product - Pellets Getting Started Guide v 1.1 Electronic Trading Platform Product - Pellets Getting Started Guide v 1.1 CommErg provides this manual as is, makes no representations or warranties with respect to its contents or use, and specifically

More information

First Quarter 2016 Revenues. April 21, 2016

First Quarter 2016 Revenues. April 21, 2016 First Quarter 2016 Revenues April 21, 2016 Disclaimer All forward-looking statements are Schneider Electric management s present expectations of future events and are subject to a number of factors and

More information

Company presentation. Acquisition of Asan (Cederroth AS) and contemplated private placement. 17 December 2015

Company presentation. Acquisition of Asan (Cederroth AS) and contemplated private placement. 17 December 2015 Company presentation Acquisition of Asan (Cederroth AS) and contemplated private placement 17 December 2015 1 Disclaimer This presentation (the "Presentation") has been produced by Weifa ASA (the Company

More information

IMCD reports strong results for 2014

IMCD reports strong results for 2014 IMCD reports strong results for 2014 Rotterdam, The Netherlands 11 March 2015 - IMCD N.V. ( IMCD or Company ), a leading international speciality chemicals-focused distributor, today announces the 2014

More information

Marin gas logistics. Bergen

Marin gas logistics. Bergen Marin gas logistics Work package 5 Harbour studies Bergen This study is part of the MAGALOG project and supported by 1 Bergen harbour Bergen Harbour, covering also the nearby harbours of Sotra, Øygarden

More information

Oslo Børs the leading European market for Oil & Gas

Oslo Børs the leading European market for Oil & Gas Oslo Børs the leading European market for Oil & Gas Oslo, Wednesday 15 June 2011 What Oslo Børs can offer International E&P Access to knowledgeable and international capital Great visibility in a market

More information

Oil Spill Emergency Response. Oil Spill Emergency

Oil Spill Emergency Response. Oil Spill Emergency Oil Spill Emergency Response 1 Oil Spill Emergency Response We work to prevent incidents that may result in spills of hazardous substances. This means making sure our facilities are well designed, safely

More information

Roadshow. April 26/29, 2010. Rudi Ludwig, CEO Wilfried Trepels, CFO

Roadshow. April 26/29, 2010. Rudi Ludwig, CEO Wilfried Trepels, CFO Roadshow April 26/29, 2010 Rudi Ludwig, CEO Wilfried Trepels, CFO 1 SAF-HOLLAND - Components Fifth Wheels Suspensions Kingpins Landing Gear Axle Systems 2 SAF-HOLLAND - Business Units Trailer Systems Powered

More information

ON TRACK TO MEET FULL YEAR EXPECTATIONS. Overview. Strategic Highlights. Alison Cooper, Chief Executive, commented

ON TRACK TO MEET FULL YEAR EXPECTATIONS. Overview. Strategic Highlights. Alison Cooper, Chief Executive, commented ON TRACK TO MEET FULL YEAR EXPECTATIONS Overview First quarter performance in line with guidance and on track to meet full year outlook US business performing well and to plan Tobacco net revenue up 16.6%

More information

Crude Oil Trading Patterns: Trends and Tonne Mile Assessments

Crude Oil Trading Patterns: Trends and Tonne Mile Assessments Crude Oil Trading Patterns: Trends and Tonne Mile Assessments International Maritime Statistics Forum Gothenburg 11 May 2015 Wally Mandryk Manager Market Intelligence Services Lloyd s List Intelligence

More information

THE COMMERCIAL ASPECTS OF FREIGHT TRANSPORT OCEAN TRANSPORT: FREIGHT RATES AND TARIFFS. Hans J. Peters

THE COMMERCIAL ASPECTS OF FREIGHT TRANSPORT OCEAN TRANSPORT: FREIGHT RATES AND TARIFFS. Hans J. Peters January 1991 Transport No. PS-3 TRANSPORTATION, WATER AND URBAN DEVELOPMENT DEPARTMENT THE WORLD BANK THE COMMERCIAL ASPECTS OF FREIGHT TRANSPORT OCEAN TRANSPORT: FREIGHT RATES AND TARIFFS Hans J. Peters

More information

A practical guide to listing. The gateway to opportunities

A practical guide to listing. The gateway to opportunities A practical guide to listing The gateway to opportunities WELCOME TO OSLO BØRS THE PREFERRED PLACE TO LIST Celebrating Statoil s 10 years anniversary as a listed company on Oslo Børs. Torgrim Reitan, CFO

More information

Manulife Financial Corporation The Manufacturers Life Insurance Company. Annual Meeting May 4, 2006

Manulife Financial Corporation The Manufacturers Life Insurance Company. Annual Meeting May 4, 2006 Manulife Financial Corporation The Manufacturers Life Insurance Company Annual Meeting May 4, 2006 Legal Disclaimer Caution Regarding Forward-Looking Statements This document contains forward-looking statements

More information

Javier Marín Private Banking, Asset Management and Insurance

Javier Marín Private Banking, Asset Management and Insurance Javier Marín Private Banking, Asset Management and Insurance Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements

More information

MOBILE EMBRACE ASX: MBE. Capital Raise June 2016 Chris Thorpe, CEO REACH ENGAGE TRANSACT EMBRACE

MOBILE EMBRACE ASX: MBE. Capital Raise June 2016 Chris Thorpe, CEO REACH ENGAGE TRANSACT EMBRACE MOBILE EMBRACE ASX: MBE Capital Raise June 2016 Chris Thorpe, CEO 1 DEAL OVERVIEW AND USE OF FUNDS We would like to welcome a number of new financial institutions to the MBE Share Register through a heavily

More information

Viridis Energy Reports Nine Months & Third Quarter 2015 Financial Results Gross Profit Increases to $717,000 in Third Quarter

Viridis Energy Reports Nine Months & Third Quarter 2015 Financial Results Gross Profit Increases to $717,000 in Third Quarter Viridis Energy Reports Nine Months & Third Quarter 2015 Financial Results Gross Profit Increases to $717,000 in Third Quarter Vancouver, BC November 16, 2015 Viridis Energy Inc. ("Viridis" or the "Company")

More information

Legumex Walker Reports Financial Results for Third Quarter 2013

Legumex Walker Reports Financial Results for Third Quarter 2013 Legumex Walker Reports Financial Results for Third Quarter 2013 Pacific Coast Canola Reaches Positive Milestone in September Special Crops Delivers Strong Results WINNIPEG, MB (November 13, 2013) Legumex

More information

Marine Industry Benefits Study

Marine Industry Benefits Study Marine Industry Benefits Study Economic Impact of the Canadian Marine Transportation Industry Report Prepared for Transport Canada by EXECUTIVE SUMMARY DECEMBER 2004 INTRODUCTION From published statistics,

More information

last page of this release. 3 Operating margin is calculated as operating income divided by net revenues.

last page of this release. 3 Operating margin is calculated as operating income divided by net revenues. By: EARNINGS RELEASE Expeditors International of Washington, Inc. 1015 Third Avenue, Suite 1200 Seattle, Washington 98104 CONTACTS: R. Jordan Gates Bradley S. Powell President and Chief Operating Officer

More information

Konecranes Terex Merger. Creating a Global Lifting & Material Handling Solutions Leader August 11, 2015

Konecranes Terex Merger. Creating a Global Lifting & Material Handling Solutions Leader August 11, 2015 Konecranes Terex Merger Creating a Global Lifting & Material Handling Solutions Leader August 11, 2015 Forward-Looking Statements & Accounting Standards Cautionary Statement on Forward-Looking Statements:

More information

Drivers of Change in the U.S. Maritime Industry

Drivers of Change in the U.S. Maritime Industry Drivers of Change in the U.S. Maritime Industry Wayne K. Talley Executive Director, Maritime Institute College of Business and Public Administration Old Dominion University Norfolk, Virginia, U.S.A. Driver:

More information

Container Shipping Industry: Facing Another Difficult Year

Container Shipping Industry: Facing Another Difficult Year Container Shipping Container Shipping Industry: Facing Another Difficult Year Industry Outlook: Negative Executive Summary 15 June 2012 Ruangwud Jarurungsipong ruangwud@trisrating.com Nopalak Rakthum nopalak@trisrating.com

More information

K Line Tariff (Effective as from 1st March to 31st March 2016)

K Line Tariff (Effective as from 1st March to 31st March 2016) K Line Tariff (Effective as from 1st March to 31st March 2016) Surcharges are subject to review at any time Bunker Adjustment Factor Scope TEU FEU Asia to Europe USD 0 0 Asia to Mediterranean USD 0 0 Europe

More information

Restructuring of Wilh. Wilhelmsen Group - Listing and IPO of shipping and logistics as an independent company

Restructuring of Wilh. Wilhelmsen Group - Listing and IPO of shipping and logistics as an independent company Restructuring of Wilh. Wilhelmsen Group - Listing and IPO of shipping and logistics as an independent company Creating a world leading pure-play shipping and logistics company Lysaker, 15 March 2010 Disclaimer

More information

Hitachi Transfers Hard Disk Drive Business to Western Digital

Hitachi Transfers Hard Disk Drive Business to Western Digital FOR IMMEDIATE RELEASE Hitachi Transfers Hard Disk Drive Business to Western Digital Irvine, Calif., U.S., and Tokyo, Japan, March 7, 2011 --- Western Digital Corporation (NYSE: WDC, WD ) and Hitachi, Ltd.

More information

Investment in an Indonesian Life Insurance Company, PT Panin Life

Investment in an Indonesian Life Insurance Company, PT Panin Life June 4 th 2013 Koichiro Watanabe President and Representative Director The Dai-ichi Life Insurance Company, Limited Code: 8750 (TSE First section) Investment in an Indonesian Life Insurance Company, PT

More information

UBS Global Financials Conference

UBS Global Financials Conference UBS Global Financials Conference George Culmer, Group CFO Simon Lee, CEO International 11 May 21 AGENDA Overview George Culmer, CFO UK International Simon Lee, CEO International Emerging Markets Wrap up

More information

Mergers and Acquisitions Trends in the Global Property and Casualty Insurance Industry

Mergers and Acquisitions Trends in the Global Property and Casualty Insurance Industry Mergers and Acquisitions Trends in the Global Property and Casualty Insurance Industry Improving Industry Health to Bolster Global Merger Activity in 2014 NC3B-F1 January 2013 Contents Section Slide Number

More information

Nordic Waterproofing announces its initial public offering on Nasdaq Stockholm and prospectus in connection therewith

Nordic Waterproofing announces its initial public offering on Nasdaq Stockholm and prospectus in connection therewith PRESS RELASE Helsingborg, Sweden, 30 May 2016 Nordic Waterproofing announces its initial public offering on Nasdaq Stockholm and prospectus in connection therewith IN WHICH THE DISTRIBUTION OR RELEASE

More information

Kongsberg Maritime Torfinn Kildal, President

Kongsberg Maritime Torfinn Kildal, President Kongsberg Maritime Torfinn Kildal, President WORLD CLASS through people, technology and dedication Kongsberg Maritime Business Model & Strategic Direction Offshore & Merchant Marine Yachting & Fishery

More information

OW BUNKER ANNOUNCES INTENTION TO LAUNCH AN IPO AND TO SEEK A LISTING ON NASDAQ OMX COPENHAGEN

OW BUNKER ANNOUNCES INTENTION TO LAUNCH AN IPO AND TO SEEK A LISTING ON NASDAQ OMX COPENHAGEN PRESS RELEASE 5 March 2014 NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN This announcement is not a prospectus

More information

Second Quarter and First Half 2015 Trading Update

Second Quarter and First Half 2015 Trading Update Second Quarter and First Half 2015 Trading Update Trading Performance Year-on-Year Gross Profit Reported ( m) Constant 2015 2014 % % Q2 145.3 137.1 +6.0% +10.6% H1 281.0 263.7 +6.6% +10.8% Q2 Gross Profit

More information

Welcome to LEMAN 2016

Welcome to LEMAN 2016 Welcome to LEMAN 2016 Our History Welcome to more than 115 years of expertise 1900 The company Paul Lehmann was founded in Copenhagen 1971 LEMAN USA was founded 1973 Change of name to LEMAN 1987 LEMAN

More information

Sensitive handling of your sensitive shipments

Sensitive handling of your sensitive shipments Sensitive handling of your sensitive shipments 2013 Hellmann Perishable Logistics primusgf S HPL Mission & Vision Statement Insuring expertise and quality for transport and handling of perishables HPL

More information

Creating North America s Leading Value-Added Seafood Supplier. North Atlantic Seafood Conference Oslo, Norway. March 6-8, 2012

Creating North America s Leading Value-Added Seafood Supplier. North Atlantic Seafood Conference Oslo, Norway. March 6-8, 2012 Creating North America s Leading Value-Added Seafood Supplier North Atlantic Seafood Conference Oslo, Norway March 6-8, 2012 Disclaimer Certain statements made in this presentation are forward-looking

More information

Inter Pipeline Fund Announces Strong Third Quarter 2009 Results

Inter Pipeline Fund Announces Strong Third Quarter 2009 Results News Release Inter Pipeline Fund Announces Strong Third Quarter 2009 Results CALGARY, ALBERTA, NOVEMBER 5, 2009: Inter Pipeline Fund ( Inter Pipeline ) (TSX: IPL.UN) announced today its financial and operating

More information

Odfjell Drilling Ltd.

Odfjell Drilling Ltd. Odfjell Drilling Ltd. Report for the 3 rd quarter of 2013 This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting. Key figures for the Group All figures in USD million

More information

WELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong. 2012 PrimeRevenue, Inc.

WELCOME! Introduction. Celebrating. &PrimeRevenue. PrimeRevenue Hong Kong. 2012 PrimeRevenue, Inc. WELCOME! Introduction Celebrating Ethe Factor Network establishment of &PrimeRevenue PrimeRevenue Hong Kong 2012 PrimeRevenue, Inc. Global Reach Today, we transact business in 50 countries Our platform

More information

Enova conference EKMAN & CO

Enova conference EKMAN & CO Enova conference EKMAN & CO Trondheim January 25, 2012 This is Ekman Ekman is one of the world s leading sales and marketing organizations, focusing on the global forest industry. Business concept To add

More information

Caterpillar Financial Services Corporation

Caterpillar Financial Services Corporation Caterpillar Financial Services Corporation 4Q 2014 Earnings Release January 27, 2015 FOR IMMEDIATE RELEASE Cat Financial Announces 2014 Year-End Results Full-Year 2014 vs. Full-Year 2013 Cat Financial

More information

Jordan Cove LNG. The Global LNG Market and. Betsy Spomer Executive Vice-President, Veresen President & CEO, Jordan Cove LNG LLC

Jordan Cove LNG. The Global LNG Market and. Betsy Spomer Executive Vice-President, Veresen President & CEO, Jordan Cove LNG LLC The Global LNG Market and Jordan Cove LNG TD Securities Calgary Energy Conference July 8, 2015 Betsy Spomer Executive Vice-President, Veresen President & CEO, Jordan Cove LNG LLC Forward-looking information

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE By: EARNINGS RELEASE Expeditors International of Washington, Inc. 1015 Third Avenue, Suite 1200 Seattle, Washington 98104 CONTACTS: R. Jordan Gates Bradley S. Powell President and Chief Operating Officer

More information

EUROPE AFRICA SURCHARGE OVERVIEW August/ September / October

EUROPE AFRICA SURCHARGE OVERVIEW August/ September / October BUNKER ADJUSTMENT FACTOR (BAF) Surcharge for additional fuel cost for carrier, BAF quantum per TEU, Low Sulphur Fule is included where applicable August' 10 September' 10 October' 10 From To Currency BAF

More information

Third quarter 2015 revenue

Third quarter 2015 revenue Listen-only live audio webcast available from www.gemalto.com/investors Third quarter 2015 revenue October 29, 2015 Olivier Piou, CEO Jacques Tierny, CFO Disclaimer This communication does not constitute

More information

Cementir Holding: Board of Directors approves consolidated results at 31 March 2016

Cementir Holding: Board of Directors approves consolidated results at 31 March 2016 PRESS RELEASE Cementir Holding: Board of Directors approves consolidated results at 31 March 2016 Revenue: EUR 210.4 million (EUR 204.7 million in the first quarter 2015) EBITDA: EUR 21.3 million (EUR

More information

VALUE - PLANNING - ASSISTANCE VALUE PLANNING ASSISTANCE

VALUE - PLANNING - ASSISTANCE VALUE PLANNING ASSISTANCE VALUE - PLANNING - ASSISTANCE V. Paulius & Associates Incorp. 1967 Founded in 1967 as a design consulting firm, VPA quickly grew into a complete building design, construction, and logistics organization.

More information

Ferrari posted a record Q3 2015 performance

Ferrari posted a record Q3 2015 performance Ferrari posted a record Q3 2015 performance Shipments were 1,949 units, up 21% Net revenues were up 9% (3% at constant currencies) to Euro 723 million EBIT reached Euro 141 million, 610bps margin increase

More information

Province of North Brabant: Enhancing Efficiency by Integrating Geographic Information into SAP ERP

Province of North Brabant: Enhancing Efficiency by Integrating Geographic Information into SAP ERP 2014 SAP SE or an SAP affiliate company. All rights reserved. Province of North Brabant: Enhancing Efficiency by Integrating Geographic Information into SAP ERP Organization Province of North Brabant Location

More information

DIVERSITY & REACH CONNECTING COAL MARKETS

DIVERSITY & REACH CONNECTING COAL MARKETS DIVERSITY & REACH CONNECTING COAL MARKETS Trafigura is a leading independent thermal coal trader. We focus on sourcing, storing, blending and delivering coal to exact customer specifications across all

More information

INTERIM REPORT for the period January 1 September 30, 2006

INTERIM REPORT for the period January 1 September 30, 2006 Interim Report ICA AB 1 January - 30 September 2006 INTERIM REPORT for the period January 1 September 30, 2006 Continued strong income for ICA Group during the period Stockholm, November 6, 2006 Net sales

More information

An Overview of the Breakbulk Shipping Sector Presented to the AAPA Commissioners Seminar. Ft. Lauderdale, Florida 5 th June 2013 as REVISED

An Overview of the Breakbulk Shipping Sector Presented to the AAPA Commissioners Seminar. Ft. Lauderdale, Florida 5 th June 2013 as REVISED An Overview of the Breakbulk Shipping Sector Presented to the AAPA Commissioners Seminar Ft. Lauderdale, Florida 5 th June 2013 as REVISED 10-21-13 Revised Presentation: 10-21-13 This presentation, which

More information

Proposal to Build the First Truly Global Beer Company October 7, 2015

Proposal to Build the First Truly Global Beer Company October 7, 2015 Proposal to Build the First Truly Global Beer Company October 7, 2015 Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD

More information

Q1/2015 Results VTG AG Connecting worlds. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015

Q1/2015 Results VTG AG Connecting worlds. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015 Q1/2015 Results VTG AG Connecting worlds Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015 Table of content 1 Discussion of Q1/2015 2 Outlook FY 2015 3 Questions & Answers 4 Financial Calendar

More information

Support Material. May 2012

Support Material. May 2012 Support Material May 2012 FORWARD-LOOKING STATEMENTS This document contains forward-looking statements, including with respect to the negotiation, implementation and effects of the proposed combination.

More information

Hordaland på børs 19 August 2010. Bergen Group. prepared for international growth. Pål Engebretsen, CEO

Hordaland på børs 19 August 2010. Bergen Group. prepared for international growth. Pål Engebretsen, CEO Hordaland på børs 19 August 2010 prepared for international growth Pål Engebretsen, CEO DISCLAIMER This quarter Presentation includes and is based, inter alia, on forward-looking information and statements

More information

Stephen S Fitzroy Economic Development Research Group, Inc.

Stephen S Fitzroy Economic Development Research Group, Inc. Stephen S Fitzroy Economic Development Research Group, Inc. www.edrgroup.com 1 Suez Canal and US West Coast Competition Caribbean Transshipments Competition from Canadian and Mexican Ports Vessel Economics

More information

Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the

Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Polycom, Inc.

More information

PETRONAS to Acquire Progress Energy Companies agree to $5.5 Billion Acquisition

PETRONAS to Acquire Progress Energy Companies agree to $5.5 Billion Acquisition PETRONAS to Acquire Progress Energy Companies agree to $5.5 Billion Acquisition CALGARY, AB June 28, 2012 PETRONAS, the Malaysian national oil and gas company, and Progress Energy Resources Corp. (Progress)

More information

Regal Beloit s acquisition of A.O. Smith s Electrical Products Company A Strategically Important Acquisition

Regal Beloit s acquisition of A.O. Smith s Electrical Products Company A Strategically Important Acquisition Regal Beloit s acquisition of A.O. Smith s Electrical Products Company A Strategically Important Acquisition Henry Knueppel Chairman Chief Executive Officer Mark J. Gliebe President Chief Operating Officer

More information

The current business context and future role of LNG in Europe. Ulco Vermeulen Executive Director Participations and Business Development

The current business context and future role of LNG in Europe. Ulco Vermeulen Executive Director Participations and Business Development The current business context and future role of LNG in Europe Ulco Vermeulen Executive Director Participations and Business Development EBC, Amsterdam, 31 May 2013 Agenda 1 Current situation LNG market

More information

A World of Bespoke Global Logistics Solutions

A World of Bespoke Global Logistics Solutions A World of Bespoke Global Logistics Solutions The Seafast Group The Seafast Group comprises a number of companies dedicated to providing efficient, innovative, cost effective and bespoke global logistics

More information

H1 2009 Earnings Release

H1 2009 Earnings Release H1 2009 Earnings Release Olivier Piou, CEO Jacques Tierny, CFO August 25, 2009 www.gemalto.com Disclaimer Forward-Looking Statements This communication contains certain statements that are neither reported

More information

Sumitomo Heavy Industries: Integrating Global Accounting with SAP Business Suite powered by SAP HANA

Sumitomo Heavy Industries: Integrating Global Accounting with SAP Business Suite powered by SAP HANA Picture Credit Sumitomo Heavy Industries Ltd., Shinagawa-ku, Tokyo. Used with permission. SAP Business Transformation Study Industrial Machinery and Components Sumitomo Heavy Industries Sumitomo Heavy

More information

LNG bunkering market perspectives, challenges and trends

LNG bunkering market perspectives, challenges and trends LNG bunkering market perspectives, challenges and trends Moscow 31 March 2015 Sergiu Maznic Full-picture perspective Sund Energy helps navigate into the energy future Energy Economics Environment Learning

More information

ROFIN-SINAR REPORTS RESULTS FOR THE FIRST QUARTER OF FISCAL YEAR 2016

ROFIN-SINAR REPORTS RESULTS FOR THE FIRST QUARTER OF FISCAL YEAR 2016 - PRESS RELEASE - Contact: Katharina Manok ROFIN-SINAR 011-49-40-733-63-4256 - or - 734-416-0206 ROFIN-SINAR REPORTS RESULTS FOR THE FIRST QUARTER OF FISCAL YEAR 2016 Quarterly earnings per share increased

More information

Merger of Siemens Wind Power with Gamesa

Merger of Siemens Wind Power with Gamesa Merger of Siemens Wind Power with Gamesa Analyst & Press Call Joe Kaeser, President and CEO Ralf P. Thomas, CFO Lisa Davis, Member of the Managing Board siemens.com Notes and forward-looking statements

More information

TRADING STATEMENT FINANCIAL YEAR 2014/15

TRADING STATEMENT FINANCIAL YEAR 2014/15 METRO GROUP TRADING STATEMENT FINANCIAL YEAR 2014/15 P. 1 TRADING STATEMENT FINANCIAL YEAR 2014/15 METRO GROUP achieves sales target and confirms EBIT guidance Like-for-like sales growth of 1.5% in financial

More information

Corporate Banking. Understanding your Corporate Banking needs in Africa. Search

Corporate Banking. Understanding your Corporate Banking needs in Africa. Search Corporate Banking Understanding your Corporate Banking needs in Africa Contents 3 Working alongside you to power your success 4 Bringing your business a dedicated relationship model 5 A range of services

More information

R49 Using SAP Payment Engine for payment transactions. Process Diagram

R49 Using SAP Payment Engine for payment transactions. Process Diagram R49 Using SAP Payment Engine for payment transactions Process Diagram Purpose, Benefits, and Key Process Steps Purpose The purpose of this scenario is to show you how to check the result of payment orders

More information

Voyage Calculations. The Northern Sea Route

Voyage Calculations. The Northern Sea Route Henrik Falck Tschudi Shipping Company AS Voyage Calculations The Northern Sea Route TFMS Forum Copenhagen, October 24 th. 2012 TSCHUDI SHIPPING COMPANY AS Tschudi Shipping Company AS is the holding company

More information

Descartes Uniting Business in Commerce

Descartes Uniting Business in Commerce Helping customers deliver Descartes Uniting Business in Commerce May 2013 : DSGX : DSG Safe Harbor Certain statements made today and in this presentation including, but not limited to, statements addressing

More information

Danske Bank acquires Sampo Bank

Danske Bank acquires Sampo Bank P R E S S C O N F E R E N C E Danske Bank acquires Sampo Bank Expansion into the Finnish and Baltic markets Peter Straarup, Chairman of the Executive Board November 9, 2006 Danske Bank acquires Sampo Bank

More information

The world s delivery system for consumer goods, components, and commodities is overloaded.

The world s delivery system for consumer goods, components, and commodities is overloaded. From Mercer Management Journal 19 Delivery Jam How will the world s freight networks cope with surging demand? By Mark Kadar and Manny Hontoria Shipping ports, trains, and trucks are running flat out to

More information

HAMBURGER HAFEN UND LOGISTIK AG

HAMBURGER HAFEN UND LOGISTIK AG HAMBURGER HAFEN UND LOGISTIK AG ANALYST CONFERENCE ON 2013 FINANCIAL YEAR RESULTS Hamburg, 27 March 2014 Hamburger Hafen und Logistik AG Agenda Chairman of the Executive Board Annual Financial Statements

More information

Q3 2015 Results. Mr. Stefan Borgas President & CEO. November 12, 2015

Q3 2015 Results. Mr. Stefan Borgas President & CEO. November 12, 2015 Q3 2015 Results Mr. Stefan Borgas President & CEO November 12, 2015 Important Legal Notes The information delivered or to be delivered to you does not constitute an offer or a recommendation to do any

More information

Zurich to acquire Cover-More Group

Zurich to acquire Cover-More Group Zurich to acquire Cover-More Group Investor presentation December 12, 2016 Zurich Insurance Group Compelling strategic and financial rationale Leading market position Aligned with strategy Significant

More information