Consolidated Figures Statement of Income: January - June

Transcription

1

2 Consolidated Figures Statement of Income: January - June (MUSD) H H Gross Revenue Primary operating income (EBITDA) Net operating income Net financial items (10) (8) (15) Income before taxes Net income / (loss)

3 Consolidated Figures Statement of Income: April - June (MUSD) Q Q Gross Revenue Primary operating income (EBITDA) Net operating income Net financial items (8) (4) (15) Income before taxes Net income / (loss)

4 Consolidated Figures Balance Sheet - Assets (MUSD) Goodwill Vessels, property Afiliated companies Long term shares Other fixed assets Total Fixed assets Other current assets Bank/Marketable securities Total assets

5 Consolidated Figures Balance Sheet - Liabilities & Equity (MUSD) Equity Minority 33 Provisions Mortage debt / lease obligations Other long term debt Current liabilites Total liabilities and equity

6 Consolidated Figures Six months (MUSD) EBITDA Income before tax H H H1 2000

7 Consolidated Figures Three months (MUSD) EBITDA Income before tax 0-10 Q Q Q2 2000

8 Cashflow per Share USD Cashflow H Q

9 H vs H (Six months) Net result (MUSD) H H Car / Liner Wilship Barwil Barber Holding

10 Wallenius Wilhelmsen Lines Development H Gross revenue Jan Feb March April May June

11 Visjon WW gruppen sikter mot å bli en ledende global leverandør av maritime transportløsninger og tilleggstjenester. Fokus skal rettes mot utvikling og forbedring av eksisterende virksomheter i tillegg til nye engasjement der WW har forutsetninger for å bli en aktiv ledende eier og aktør.

12 Corporate organisation President & Group Chief Executive Deputy Group Chief Executive Corporate Staff Wallenius Wilhelmsen Lines AS Barber International Ltd. Barwil Agencies AS

13 Barwil overall activities Countries 53 Offices 189 Crew boats ( ) 31 Employees Agencies 2,300 Crew boats 300 Head Office 16 Ship calls Tank, bulk, cruise 20,000 Liner 4,000 Cargo handled Containers ca 250,000 teus Break bulk ca 2.5 mill tons Net income per year USD 6-8 mill

14 Timber Terminal in Riga 150,000 m3 timber drying capacity 5,000 m3 per month total investment USD 4 mill 30 employees

15 Fleet List - Barber Ship Management 39 Bulk carriers 5 Gas tankers (LPG) 11 Container 17 OO/OBO/Combination carriers 35 Car carriers 13 Ro-Ro 13 Offshore supply & survey vessels 24 Seismic research survey vessels 56 Tankers 9 Passenger vessel 4 Various types (Sea Launch, Drilling Ship etc) July 2000

16 Employees - Barber Ship Management Shore based: Kuala Lumpur 172 Oslo 76 Dubai 42 New Orleans 12 Hong Kong 2 Poland 15 India 46 Russia 4 Seafarers: Positions Total Pool Indians 1,656 ~2,318 Filipinos 1,412 ~1,836 Norwegians 183 ~ 366 Polish 505 ~ 907 Swedish 66 ~ 132 Malaysian 7 ~ 10 Others* 142 ~ 199 Total 369 Total 3,971 ~5,768 July 2000

17 Logistikk IT E-business Kompetanse stål Aktør som teller

18 Tilbakekjøp av egne aksjer Prising

19 Bakgrunn for investing i OHT interessant finansiell investering positive makro-utsikter velrenommert ledelse solid selskap med god inntjening strategisk posisjonering nære koblinger til egen virksomhet fremtidig logistikksatsing nisjeskipsfart teknologibasert

20 Offshore Heavy Transport ASA Two new generation Semisubmersible Heavy Lift vessels Black Marlin and Blue Marlin Under construction at China Shipbuilding Corp. in Taiwan Delivered November 1999 and April 2000, respectively Will meet the future demand to transport large, heavy, complicated and high value cargoes

21

22

23

24 Business Concept and Stratrgy - OHT ASA Build two new generation semisubmersible heavy lift vessels to meet the future demand to transport large, heavy, complicated and high value cargoes:- Semisubmersible and jack-up drilling rigs and production platforms Tension leg platforms (TLPs) and SPAR-buoys and other deepwater floaters Steel jackets used for fixed installations Modules both for the offshore industry and land based industries Provide customers; mainly drilling contractors, fabricators, engineering companies,production vessel contractors and oil companies with the best possible service within all segments of the transportation.

25 Typical Cargoes - OHT Share Trend Jack-ups 40%! Semisubmersibles 3%! Offshore modules 16% " Dredgers 12% # Barges 10% " Cranes 4% " Other 15% TLPs! SPAR-buoys! Onshore modules #

26 Financial information -OHT Contract status - three contracts already performed; all contributing about USD 30,000 p/d on T/C basis; well in excess of cash breakeven of about USD 20,000 p/d. First vessel; BLACK MARLIN, has been committed since delivery; ie 18 November 1999 to around 20 May 2000, having performed three different contracts, and currently performing its fourth. BLUE MARLIN is committed for a period from delivery; ie 27 April 2000 to about 4 July 2000 at about USD 30,000 p/d. Four additional contracts secured for 3 rd Quarter 2000 and beyond. (Dock - Romania/USEC, skidding - DEEPWATER HORIZON plus two Bayu Undan transports/float-overs) The Company has recently been awarded:- Heerema / Nemba 2 - Korea / Cabinda - end Jan/early Feb 2001 MSC / Marine Vessels - Ingleside, Texas to Bahrain - mid July 2000

27 1. halvår 2000 Offshore Heavy Transport ASA Resultat (NOK millioner) Driftsinntekter Driftskostnader/administrasjonskostnader Avskrivninger Driftsresultat 53.3 Finansposter Resultat før skattekostnad 42.1 Skattekostnad 0 Resultat 42.1

28 1. halvår 2000 Offshore Heavy Transport ASA Balanse (NOK millioner) Anleggsmidler Omløpsmidler Sum eiendeler Egenkapital Langsiktig gjeld Kortsiktig gjeld 27.1 Sum egenkapital og gjeld 870.6

29 Substansverdibetraktning Offshore Heavy Transport ASA USD mill. Antatt gjenanskaffelsekost for begge skip Omløpsmidler pr. 30 juni Sum Langsiktig gjeld 42.5 Substansverdi 79.5 Substansverdi pr. aksje (USD) 1.85 Substansverdi pr. aksje (NOK) basis NOK/USD

30

31 Trade Index NCC 120 Light Vehicles Index RoRo WWL RESEARCH APRIL

32 PRODUCTION, SALES AND SHIPMENTS: GLOBAL VEHICLE MARKET DEVELOPMENTS UNITS GLOBA VEHICLE PRODUCTION(RIGHT SCALE) GLOBAL VEHICLE SALES(RIGHT SCALE) WWL RESEARCH APRIL DEEP SEA SHIPMENTS

33 PCC/PCTC FLEET BY AGE No. of vessels WWL RESEARCH APRIL

34 AGE DISTRIBUTION OF THE PCC/PCTC FLEET DECEMBER 2000 < 6 Years 30 % > 20 Years 11 % Years 23 % 6-10 Years 9 % Years 27 % WWL RESEARCH APRIL

35 BIG 7 OPERATORS DECEMBER Number of vessels NYK WWL MOSK HMM KKK HUAL GRIMALDI WWL RESEARCH APRIL

36 CAPACITY SHARE END OF YEAR 2000 HUAL 8 % GRIMALDI 5 % OTHER 8 % NYK 18 % KKK 14 % WWL 19 % HMM 14 % MOSK 14 % WWL RESEARCH APRIL

37 SUPPLY & DEMAND Number of vessels YEARS 24 YEARS 25 YEARS 0-SCRAPPING CAPACITY NEED (1999 CAP UT) CAPACITY NEED (1998 CAP UT) WWL RESEARCH APRIL

38 WWL - COMMODITY MIX 55% 25% CARS H&H B/B CONT 5% 15% WWL RESEARCH APRIL

39 Wallenius Wilhelmsen Lines - among world s largest roro/car carrier operators - a global carrier Advantages being global: Customers becoming global» mergers/acquisitions» fewer suppliers (including car carrier operators)» demand a global service Fleet flexibility» optimise use of tonnage in various trades WWL RESEARCH APRIL

40 Wallenius Wilhelmsen Lines - earnings potential Short term: Optimise operation» IT solutions» fleet management» operational costs (economies of scale) Long term:» Logistic Service Provider WWL RESEARCH APRIL

41 Wallenius Wilhelmsen Lines - new tonnage A series of four highly advanced RoRo carriers: Capacity» 38,300 dwt» up to 5,500 cars» huge RoRo capacity» strengthened decks and ramps Flexibility» hoistable decks WWL RESEARCH APRIL

42 WWL Logistics Management Concept WWL regional focus WWL global focus Partners Production Plant Inland Transport Terminal/ PDS Ocean Transport Stevedoring Stevedoring Terminal/ PDS Inland Transport Final Delivery Information & Data Flow Added Value Manufacturer s Logistical Chain (Finished Products) WWL RESEARCH APRIL