Flex Lng Ltd. · NYSE:FLNG
Flex Lng — Investor Presentation (February 2007)
15 slides from Flex Lng's investor presentation, February 2007
Slide 1: A Niche Player in a Strong Growth Market
A Niche Player in a Strong Growth Market January/February, 2007
Slide 2: Executive Summary / Agenda
Executive Summary FLEX LNG and Project Partners The M-FLEX Vessel FLEX LNG Value Proposition Conclusion
Slide 3: Executive summary
Executive summary The objective of FLEX LNG is to become a leading global LNG player in niche markets. Business model of FLEX LNG emphasises a flexible and creative approach to several links in the LNG chain. FLEX LNG has negotiated an LOI with Samsung Heavy Industries for 2 firm plus revolving opti
Slide 4: Agenda: FLEX LNG and Project Partners
Executive Summary FLEX LNG and Project Partners The M-FLEX Vessel FLEX LNG Value Proposition Conclusion
Slide 5: Becoming a leading global LNG player in niche markets
Becoming a leading global LNG player in niche markets Regas FSRU Feeder Vessel • The existing LNG • In 2005 the world’s first carriers to be converted offshore import terminal into FSRUs are about was completed in the US 125.000 m³. GoM • An 125.000 m³ FSRU • Estimated that 5-7 replenished at 20% te
Slide 6: FLEX LNG – structure and business approach
FLEX LNG – structure and business approach Industry leading competence – both within the organisation and sourced from well renowned industry contacts throughout the LNG chain. Project organisation currently works out of Norway and the UK. Business model of FLEX LNG emphasises a flexible and creativ
Slide 7: Bios of FLEX LNG Founding Partners
Bios of FLEX LNG Founding Partners Philip Eystein Fjeld Director, Commercial Philip is the overall coordinator of the FLEX LNG Project Team. He joined FLEX LNG from the position as Manager, Commercial at Höegh LNG in Oslo, where he had the commercial budget responsibility for two LNG carriers on lon
Slide 8: FLEX LNG is working with world leading partners in the development of the M-FLEX vessel concept
FLEX LNG is working with world leading partners in the development of the M-FLEX vessel concept Ship Management TBN Jan. 2007 SPV 1 SPV 2 SPV n 8
Slide 9: Agenda: The M-FLEX Vessel
Executive Summary FLEX LNG and Project Partners The M-FLEX Vessel FLEX LNG Value Proposition Conclusion
Slide 10: The M-FLEX vessel is designed to meet demand from niche markets
The M – FLEX vessel is designed to meet demand from niche markets in the LNG industry Main Particulars Type: M-FLEX SPB LNG Carrier Breadth, moulded: 32.24 m Cargo capacity: About 90,000 m3 Depth, moulded, at side: 22.5 m Number of cargo tanks: Four Design draft: 10.7 m Length overall: 289.6 m Machi
Slide 11: Agenda: FLEX LNG Value Proposition
Executive Summary FLEX LNG and Project Partners The M-FLEX Vessel FLEX LNG Value Proposition Conclusion
Slide 12: FLEX LNG provides investors with exposure to high value niches in the LNG industry
FLEX LNG provides investors with exposure to high value niches in the LNG industry LNG Value Chain Upstream Liquefaction Shipping Regasification Expected Average 15 – 20% 10 – 20% 8 – 10% 10 – 15% Industry Returns Feeder, Panamax, LNG Production Regas vessel Short Trades 12
Slide 13: FLEX LNG will provide niche solutions suited to future LNG demands
FLEX LNG will provide niche solutions perfectly suited to meet future LNG industry demands LNG Short & FSRU Panamax Regas + + + Production + Small Feeder LNG/C Vessel Trades With the massive expansion of LNG projects there is an emerging demand for more flexible solutions: FSRU feeder: Conversion of
Slide 14: Agenda: Conclusion
Executive Summary FLEX LNG and Project Partners The M-FLEX Vessel FLEX LNG Value Proposition Conclusion
Slide 15: Conclusion
Conclusion The FLEX LNG organisation has a unique mix of competencies, both internally and sourced from project partners, necessary to execute successfully. The M-FLEX’ SPB containment system, ship size, cargo capacity and provisions are ideal for cost efficient application in a number of emerging m