Sc Scans nshi hip p Hol
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ding AS ASA
Vilnius
September 23, 2016
Henrik Badin – CEO
Vilnius September 23, 2016 Henrik Badin CEO Disclaimer This - - PowerPoint PPT Presentation
Sc Scans nshi hip p Hol oldi ding AS ASA Vilnius September 23, 2016 Henrik Badin CEO Disclaimer This presentation (the Presentation) has been produced by Scanship Holding ASA ("Scanship" or the "Company")
September 23, 2016
Henrik Badin – CEO
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This presentation (the “Presentation”) has been produced by Scanship Holding ASA ("Scanship" or the "Company") exclusively for information purposes. This Presentation includes forward-looking statements regarding Scanship, including projections and expectations, which involve risk and
the expectations regarding the Company reflected in such forward-looking statements are based on reasonable assumptions, no assurance can be given that such projections will be fulfilled. Any such forward-looking statement must be considered a long with the knowledge that actual events or results may vary materially from such predictions due to, among other things, political, economic, financial
business plans. Many of these factors are beyond Scanship’s ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements. Accordingly, the Company does not accept any responsibility for the future accuracy of the forward-looking statements expressed in this Presentation or the actual occurrence of the forecasted developments. The Company does not intend, and does not assume any obligation, to update any such forward-looking statements as of any date subsequent to the date hereof. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including, without limitation, projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors,
indirectly from the use of this Presentation. By receiving this Presentation, the recipient acknowledges that he will be solely responsible for its own assessment of the market and the market position of the Company and that he will conduct his own analysis and be solely responsible for forming his own view of the potential future performance of the businesses of the Company. This Presentation must be read in conjunction with the recent financial information, as well as other publicly disclosed information. Nothing in this Presentation, nor any other information provided to the recipient by the Company or any of its advisers constitutes, or may be relied upon as constituting, investment advice or any financial, tax or legal advice by such persons or anybody else.
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11,2 11,4 12,2 … 13,2 14,5 15,4 16,3 16,8 17,9 18,1 19,5 20,4 21,5 22,1 23,6 26,0 27,4 29,6 31,2 31,7
Passenger Development
(million passengers)
Cruise Fleet
Passenger Cruising
Total Economic Impact
53 % 25 % 5 % 3 % 14 % US Europe Australia China Others
Passenger Origin
34 % 30 % 17 % 9 % 6 % 4 % Caribbean Europe Others Asia Australia Alaska
Capacity Deployment Industry Capacity 2016 = 505,000 lower berths
What about China ? What about China ?
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capacity 5 year newbuld plan current berth capacity
+
Will NCL allow MSC to pass in size during the next 5 years ?
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18 newbuilds $14 billion 70,000 berths 11 newbuilds $8,2 billion 40,000 berths 4 newbuilds $3,5 billion 13,000 berths 8 newbuilds $7,9 billion 38,000 berths 8 newbuilds $6,6 billion 20,000 berths 3 newbuilds $1,8 billion 8,400 berths 4 newbuilds $1,2 billion 3,800 berths 12 newbuilds $3,5 billion 9,000 berths
When will NCL confirm new orders ? Market rumorus: 50+ projects in the expedition / luxury segment TPG with partner injected $500m to strenghten balance sheet = to build more ships ? (TPG took NCL public) Rumours speaks of 22 newbuilds and a total investment of $15 billion Carnival placed an order for 2+2 newbuilds September 23, 2016 in addition
In brief Company structure
new environmental policies, need for efficient waste handling aboard.
USA and Canada for sales and service and Poland for production
11,3m and Net Pre-Tax NOK 7m
R&D Sales & marketing Engineering & Design Procurement Installation Manufacturing & assembly (outsourced) Commissioning Aftersales Service, spares & chemicals
Business model scope of services Financials Q performance
15% 20% 25% 30% 35%
20 30 40 50 60
Revenue & Gross margin
Project Aftersales Margin %
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AWP newbui uild ld Waste mgmt. newbui uild ld 7 4 1 7 9 5 10 11 8 8 21 5 6 3 2 23 12 24 22 26
Airport Authority, Paul Gauguin Cruises for newbuilds –total 10 newbuilds
Color Line, Paul Gauguin for retrofits – 8 retrofits
Other
Waste mgmt. retrofit fit AWP retrofit fit
1) Scanship has delivered systems to previous NCL vessels that have been sold explaining higher number of deliveries than current NCL fleet
Customers # of system installed [total system] Main Projects
2) Includes 2 land based waste managment plants at airports in Jamaica 2) 1)
Retrofit on Oceania Sirena in 2016
Breakaway (from 2010) and Breakaway Plus (from 2013)
2014
[ ] [ ] [ ] [ ] [ ]
4 newbuilds 2006-2013
[ ] [ ] [ ] [ ]
28 5 26 48
NCL Brekaway Class RCCL Quantum Class RCCL Harmony (Oasis) Class TUI Mein Schiff Class Genting Dream Class Viking Star Class CCL Vista Class Silver Muse Class MSC Meraviglia Class
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20 newbuilds $17,9 billion 78,000 berths 25 newbuilds $12,3 billion 54,000 berths 12 newbuilds $10,7 billion 52,000 berths 5 newbuilds $1,2 billion 5,000 berths 6 newbuilds $4,7 billion 13,000 berths
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is expected to re-boost demand
Scanship for a Helcom compliant system
estimated to be ~ NOK 2.3bn
382 116 128 138
Total Already installed AWP Excluded Retrofit potential
AWP retrofit potential
(# of vessels)
~ NOK 2.3bn
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assisted pyrolysis
management systems
have a flue gas, Zero discharges to the sea,
growth within newbuilds, retrofits and new markets
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Scansh nship ip Holding ng ASA
Lysaker Torg 12 P.O. Box 465 1327 Lysaker Norway Phone: +47 67 200 300 E-mail: mail@scanship.no www.scanship.no