Presentation Interim report Januari-March 2010 April 28 CEO Stefan - - PowerPoint PPT Presentation

Presentation

Interim report Januari-March 2010 April 28

CEO Stefan Eliasson & CFO Ola Helgesson

January-March 2010

• 5,7
• 12.1

Return on capital employed, %

• 14,1
• 1,2

Return on shareholders’ equity

• 1,8
• 0,1

Loss per share after tax, SEK

• 50
• 3

Loss after full tax, SEK M

• 59
• 85

Operating loss before tax, SEK M 603 563 Net revenue, SEK M 2009 2010

Business area Offshore/Icebreaking

• The three combined offshore/icebreaking vessels were

dispatched to the Swedish Maritime Administration for icebreaking in the Baltic Sea

• The offshore spot market was weak during the period
• No shipping support while operating as icebreakers
• Tor Viking chartered for Shell
• Vidar Viking, Balder Viking and Loke Viking chartered for

Capricorn Energy Ltd

• Odin Viking signed for offshore operations near Rio de Janeiro
• The four new AHTS vessels will be delivered in 2010 and 2011
• The business area posted a loss of SEK 12 M (loss: 3) for the

quarter

Business Area Offshore/Icebreaking

Full-year January-March 2009 2009 2010

Sek M

974 936 Assets by business area 125 35 27 Net sales

• 25
• 3
• 12

Operating profit/loss before tax

Business Area Industrial Shipping

RoRo/Baltic Division

• Overtime ban and dock workers strike in Finland had a negative impact

Container Division

• Volumes increased but freight rates have not recovered
• Tough competition and stringent demands from loss-laden overseas shipping

companies Bulk/LoLo Division

• Cargo volumes continued to increase
• Freight rates strengthened in the Atlantic area
• Higher earnings in the Baltic Sea

Atlantic Division

• Westbound volumes increased, eastbound less volumes
• Surplus production and price pressure
• Three leased side-port vessels will be returned during the year, the first in mid-April
• Map and Oak remain laid up
• The business area posted an operating loss of SEK 60 M (loss: 42) for the quarter

Business Area Industrial Shipping

Full-year January-March 2009 2009 2010

Sek M

1,555 1,446 Assets by business area 1,900 500 457 Net sales

• 140
• 42
• 60

Operating profit/loss before tax

Group Income Statement

• 221
• 50
• 3

Income for the period

• 7

1 Minority interests in subsidiaries

• 214
• 50
• 4

Shareholders of the parent company Attributable to:

• 276
• 61
• 85

Profit before tax

• 221
• 50
• 3

Profit for the period 55 11 82 Tax on profit/loss for the period

• 33
• 16
• 8

Net financial items

• 243
• 45
• 77

Operating profit/loss

• 235
• 44
• 38

Depreciation/write-downs

• 531
• 174
• 107

Other costs

• 648
• 170
• 191

Personnel costs

• 1,116
• 261
• 304

Direct voyage costs 3 1 Other operating revenue 2,284 603 563 Net sales 2009 2009 2010 Sek M Full-year January-March

Group Balance Sheet

1,447 1,305 Long-term liabilities 3,172 3,056 Total shareholders’ equity and liabilities 550 601 Current liabilities 1,175 1,150 Shareholders’ equity 3,172 3,056 Total assets 773 746 Current assets 2,399 2,310 Total fixed assets 105 125 Financial assets 12 12 Intangible fixed assets 87 84 Other tangible fixed assets 2,195 2,089 Vessels 2009-12-31 2010-03-31 Sek M

Group cash-flow statement

32 34

• 9

Exchange-rate difference in cash equivalents 327 565 317 Cash equivalents at end of period 574 547 327 Cash equivalents at beginning of period

• 279
• 43
• 1

Change in cash equivalent continuing operations

• 70
• Dividends payed
• 19
• 36

58 Financing operations

• 142
• 19
• 13

Investing operations

• 48

12

• 46

Cash flow from current operations 2 36

• 8

Changes in working capital

• 50
• 24
• 38

Cash flow from current operations before changes in working capital 2009 2009 2010 Sek M Full-year January-March

TransAtlantic share

OMX Stockholm_PI TransAtlantic B

Niomånaders rapporten jan–sep 2009 publiceras 27 oktober 2009.

www.rabt.se

Interim report April – June, July 23, 2010