Cmb.tech Nv · EURONEXT:CMBT

Cmb.tech Nv — Euronav — Q3 2015 Earnings Presentation

17 slides from Cmb.tech Nv's earnings presentation, Oct 29, 2015

  1. Slide 1: Euronav Q3 - 2015 Results (unaudited)

    Euronav Q3 - 2015 Results (unaudited) 29th October 2015

  2. Slide 2: Forward looking statements

    Forward looking statements Matters discussed in this presentation may constitute forward-looking statements under U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the Company’s current views with respect to future events

  3. Slide 3: Agenda

    Agenda  Q3 - 2015 Highlights  Financial Review  Market update  Outlook  Company  Market  Q&A 2

  4. Slide 4: Highlights

    Highlights

  5. Slide 5: Q3 - 2015 Highlights

    Q3 - 2015 Highlights In USD per day Third quarter Third quarter 2015 2014 VLCC Average spot rate (in TI pool) 52,368 24,661 Average time charter rate* 43,516 30,189 Suezmax Average spot rate** 40,048 21,737 Average time charter rate* 30,944 21,168 * Including profit share where applicable ** Excludi

  6. Slide 6: Financial Overview

    Financial Overview

  7. Slide 7: Financial Highlights – Income Statement

    Financial Highlights – Income Statement The most important key figures are: First Highlights Semester Third Quarter Year-to-Date Year-to-Date in thousands of USD 2015 2015 2015 2014 Revenue 416,529 204,334 620,863 329,119 Other operating Income 4,296 1,976 6,272 6,558  EBITDA in line Voyage expense

  8. Slide 8: Financial Highlights – Balance Sheet

    Financial Highlights – Balance Sheet Condensed consolidated statement of financial position (in thousands of USD except per share amounts) September 30, 2015 December 31, 2014 ASSETS Current assets Trade and other receivables 208.584 194.733 Current tax assets 33 36 Cash and cash equivalents 173.442

  9. Slide 9: Euronav Fleet Operating Days

    Euronav Fleet Operating Days Q3 Full Year 2015 Suezmax - Suezmax - Fixed Fixed 14% 15% VLCC - VLCC - Suezmax - Suezmax - Floating Floating Floating Floating 53% 52% 28% 28% VLCC - Fixed VLCC - Fixed 4% 6% Dry Docks  Q3: 2 Suezmax  Q4: 6 Vessels – 3 VLCC, 3 Suezmax (of which 1 JV) 8

  10. Slide 10: Tanker Market Update

    Tanker Market Update

  11. Slide 11: Tanker Fleet Developments

    Tanker Fleet Developments 10 10

  12. Slide 12: Time charter rates

    Suezmax VLcc W) oO .) 40) L L Le) + Cc © om O oO = a Timecharter Rates ——Syr TC ‘Syr TC ——tyr TC 45 40 35 Data Source: Clarksons. “Data to 23 October 2015 11 @euranav

  13. Slide 13: Vessel Values

    w” ® Oo . oO Qo 0 , oO 7) op) > xe) Cc 14) C xe) Cc re) oO w ie CF ze 0d) > — oe Hw Ee o = > Z Suezmax vVLcc =——Scrap —15yr old D/H = 5yr old L ) UN « y | | an ame? At (4 (Cc C A Bt ry KON \ \ / ) oo¢ {ff 3 / ] / a Pg ) ¢ | 4 Cs g \ OS Sb-PO sting Study gt-uer vL-490 ve-ine viady vi-uer £1490 evine

  14. Slide 14: Current Themes

    Current Themes MARKET  China  Port Congestion  Tier III environmental legislation (January 2016) 13 13

  15. Slide 15: Outlook

    Outlook

  16. Slide 16: Euronav Outlook

    Euronav Outlook  Acquisition delivering tangible benefits  Delivery of the VLCC Antigone in late September and placed into global fleet immediately  Euronav – vast majority of fleet on water today  Largest exposure per dollar invested in tanker sector  Delivery of 3 outstanding VLCCs by May 201

  17. Slide 17: Market outlook

    Market outlook  Strong Q4 winter season looks likely  Ton-mile effect of new routes restricting vessel supply  Seasonal refinery turnaround & congestion impacting early in Q4  Oil tanker demand – persistent upgrades through 2015  Lower oil price driving improved demand outlook  China structure

Euronav — Q3 2015 Earnings Presentation on 6ix