CEO Henning E. Jensen 1 TransAtlantic in Brief Two business areas - - PowerPoint PPT Presentation

▶
ceo henning e jensen
SMART_READER_LITE
LIVE PREVIEW

CEO Henning E. Jensen 1 TransAtlantic in Brief Two business areas - - PowerPoint PPT Presentation

Aug 02, 2023 239 likes •449 views

rsstmma Annual General Meeting 27 April 2012 CEO Henning E. Jensen 1 TransAtlantic in Brief Two business areas Industrial Shipping (IS), HQ Gothenburg Viking Supply Ships (VSS), HQ Copenhagen About 850 employees 62 vessels, 48 within

slide-1
SLIDE 1

1

Årsstämma Annual General Meeting 27 April 2012

CEO Henning E. Jensen

slide-2
SLIDE 2

2

TransAtlantic in Brief

Two business areas Industrial Shipping (IS), HQ Gothenburg Viking Supply Ships (VSS), HQ Copenhagen About 850 employees 62 vessels, 48 within IS and 14 within VSS Listed on the NASDAQ OMX Stockholm, segment Small Cap 5 854 shareholders (Dec 31, 2011)

slide-3
SLIDE 3

3

2011 - Highlights

  • Viking Supply Ships: New management and headquarters in Copenhagen
  • Industrial Shipping: New management and headquarters in Gothenburg
  • New share issue of approximately SEKM 555
  • Acquisition of Österströms and SBS Marine
  • Completion of newbuild program
slide-4
SLIDE 4

4

2011 – highlights cont’d

  • New agreements with

– Cairn Energy – Shell – Sakhalin Energy

  • Njord Viking begins a four-year charter for

ENI Norge

  • New cargo agreements with FNsteel and

Stora Enso

slide-5
SLIDE 5

5

Operational profit/loss Group

(SEK M)

283

  • 272
  • 121
  • 213

281

  • 350
  • 250
  • 150
  • 50

50 150 250 350 2007 2008 2009 2010 2011

slide-6
SLIDE 6

6

Operational profit/loss Viking Supply Ships

(SEK M)

233 45

  • 72
  • 25

230

  • 350
  • 250
  • 150
  • 50

50 150 250 350 2007 2008 2009 2010 2011

slide-7
SLIDE 7

7

Operational profit/loss Industrial Shipping

(SEK M)

  • 140
  • 105

81 81

  • 113
  • 350
  • 300
  • 250
  • 200
  • 150
  • 100
  • 50

50 100 150 2007 2008 2009 2010 2011

slide-8
SLIDE 8

8

Financial position

0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%

2007 2008 2009 2010 2011

Equity ratio (left scale)

slide-9
SLIDE 9

9

Change in cash balance

(SEK M)

393 574 327 637 548

100 200 300 400 500 600 700 2007 2008 2009 2010 2011

Cash balance

slide-10
SLIDE 10

10

Share price 2011

0,00 5,00 10,00 15,00 20,00 25,00 30,00 jan feb mar apr maj jun jul aug sep nov dec Share price (SEK) 100 200 300 400 500 600 Volume traded

Rederi AB TransAtlantic volume ('000) Rederi AB TransAtlantic share price (SEK) NASDAQ OMX Stockholm PI (rebased) OSE2030 Transportation

slide-11
SLIDE 11

11

Key figures 2011

TransAtlantic In total IS VSS

2011 2010 2011 2010 2011 2010 Net sales SEKM 2,989 2,394 2,259 1,865 568 298 Operational result before tax

  • 272
  • 121
  • 113
  • 105
  • 72

45 Result before tax

  • 466

407

  • 248
  • 352
  • 126

45 Result after tax

  • 435 585

Earnings per share after tax

  • 6.6

14.3 Shareholders’ equity SEK/share 22.5 43.2 Return on equity, %

  • 17.8

32.8 Return on capital employed, %

  • 6.9

12.8 Equity/asset ratio 39.5 46.6

slide-12
SLIDE 12

Industrial Shipping

Head of Industrial Shipping: Kim Sörensen

slide-13
SLIDE 13

13

Snapshot 2011

  • Acquisition of Österströms
  • Relocation of headquarters to Gothenburg
  • New agreement with Stora Enso
  • New agreements with FNsteel and Nordkalk
  • New terminal in Hull, UK
  • Disclosure of Atlantic traffic and

TransSuomi Line

  • ISO certification of fleet and companies completed
slide-14
SLIDE 14

14

2011 – a challenging year

  • 2011 trended downwards and ended very weak
  • The beginning of 2012 was a continuation of Q4 2011
  • The overall markets are still very weak with slight improvements in the

horizon

We need to make some fundamental changes to improve performance

slide-15
SLIDE 15

15

Focus 2012 - Turn around Industrial Shipping

  • Cost reductions by

– structural changes in organization including land offices and ships – Adjustment of ship capacity to current volumes – Renegotiation of TC costs – Bunker efficiency

  • Significant upgrading of our commercial

activities both in Sweden and our core markets – focus on business

  • New strategy to focus on profitable growth
slide-16
SLIDE 16

Viking Supply Ships

Head of Viking Supply Ships: Christian Berg

slide-17
SLIDE 17

17

Focus 2011

  • Renamed the Company from TransViking to Viking Supply Ships
  • New main office in Copenhagen, Denmark
  • New management team
  • Delivery of two newbuilds
  • 5 vessels reflagged to DIS
  • Increase in contract backlog
  • Acquired SBS Marine (6 PSVs), now

fully integrated and renamed

  • improved performance
slide-18
SLIDE 18

18

Focus 2012

  • Strategic positioning in North Sea and Arctic areas
  • Strong market fundamentals with increased E&P spending, high drilling

activity and significant rig newbuild orders

  • 19 arctic basins with increasing E&P activity spur a need for environmentally

friendly support vessels with ice class

  • Demand for AHTS with sub arctic

features set to increase by 15% from 2011 to 2013 (Source: RS Platou)

  • Continued focus on term contracts
slide-19
SLIDE 19

19

Summary

Viking Supply Ships Growing market Well positioned Exciting story Industrial Shipping Tough market Reposition and refocus in 2012 Ambition to be Best in Class

slide-20
SLIDE 20

20

Thank You!