Gaztransport & Technigaz Sa · EURONEXT:GTT
Gaztransport & Technigaz Sa — Q3 2018 Earnings Presentation
12 slides from Gaztransport & Technigaz Sa's earnings presentation, Oct 26, 2018
Slide 1: Investor Presentation Q3 2018 Activity
Investor Presentation Q3 2018 Activity October 26, 2018
Slide 2: Disclaimer
Disclaimer This document contains information resulting from testing, experience and know-how of GTT, which are protected under the legal regime of undisclosed information and trade secret (notably TRIPS Art. 39) and under Copyright law. This document is strictly confidential and the exclusive prope
Slide 3: Disclaimer
Disclaimer This presentation does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction. It includes only summary information and does not purport to be comprehensive. No representation,
Slide 4: Key Highlights
Key Highlights Q3 2018 Revenues: €184 million (+7.1%) Continuing strong flow of orders CORE BUSINESS Order book: 92 units 9M 2018 movements in the order book 76 LNGC 2 FLNG New orders: 35 (32 LNGC, 2 FSRU, 1 Onshore storage) 11 FSRU 3 Onshore storage Deliveries: 32 (28 LNGC, 3 FSRU, 1 barge) NEW BUS
Slide 5: Asian LNG imports growing in 2018 vs. 2017
Asian LNG imports growing in 2018 vs. 2017 (Jan. / Aug.) 2017 trends confirmed Top LNG importers demand comparison 2018 vs. 2017 Demand of top 5 LNG importers 150 55% increased by +13% so far in 2018 vs +11% in 2017 130 48% 45% 110 China to become #1 LNG importer in 35% 2025 90 Coal to Gas switch of
Slide 6: US LNG is competitive in Asia
US LNG is competitive in Asia US LNG vs. Asian LNG price depending on Henry Hub and Oil prices Asian oil indexed LNG competitive Asian LNG 11 US LNG competitive 10 LNG price ($/Mmbtu) Spread 9 8 HH : $3,5/Mmbtu US LNG HH : $3/Mmbtu 7 2017 avg. 2018 avg. HH : $2,5/Mmbtu 6 Main sources: 5 GTT analysis
Slide 7: Liquefaction projects
Liquefaction projects 19 LNG projects currently under construction, including 11 in the US 2 FIDs in 2018 at Cheniere’s US Corpus Christi T3 and at Shell’s LNG Canada More FIDs expected in the next 2 years, up to 100 Mtpa Other potential FIDs ahead, mainly in the US Project Country Operator Volume (
Slide 8: LNG Shipping: very tight spot market
LNG Shipping: very tight spot market Spot chart rates since 2016 Spot Charter rates have soared in Q3 2018, reaching $150k/d for a 165k cbm DFDE Very tense shipping market, with almost no vessel available 1 year charter rates have also soared since April 2018 Many companies have seen the risk of a t
Slide 9: New technologies: recent development
New technologies: recent development NO96 Flex September 2018: AiP from Bureau Veritas for the development of NO96 Flex This new version benefits from the NO96 proven technology as well as the use of an efficient foam panel insulation Guaranted boil-off rate at 0.07%V per day 9
Slide 10: First nine months 2018 consolidated revenues
First nine months 2018 consolidated revenues Summary financials Key highlights in €M PROFORMA 9M 2018 Change Total revenues: €184 million (+7.1%) 9M 2017 (%) Revenues 171.5 183.7 +7.1% Revenues from newbuilds: €173.0 million Newbuilds 161.5 173.0 +7.1% (+7,1%) mainly driven by FSRUs (+43.5%) % of re
Slide 11: 2018 Outlook confirmed
2018 Outlook confirmed GTT revenue(1) 2018 consolidated revenue estimated in a range of €235 M to €250 M EBITDA 2018 consolidated EBITDA estimated in a range of €145 M to €155 M Dividend 2018 dividend amount at least equivalent to 2015 - 2017 Payment(2) 2019 payout of at least 80% (1) In the absence
Slide 12: Contact
Contact: [email protected] / +33 1 30 23 20 87
GTT (Gaztransport & Technigaz) — Q3 2018 Earnings Presentation on 6ix