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LEIF HÖEGH & CO Business Development\Corp\Presentations\Analytikerpresentasjoner\Carnegie’s 1st Annual Nordic Shipping Seminar Leif Höegh & Co.ASA (LHC)

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Presentation on theme: "LEIF HÖEGH & CO Business Development\Corp\Presentations\Analytikerpresentasjoner\Carnegie’s 1st Annual Nordic Shipping Seminar Leif Höegh & Co.ASA (LHC)"— Presentation transcript:

1 LEIF HÖEGH & CO Business Development\Corp\Presentations\Analytikerpresentasjoner\Carnegie’s 1st Annual Nordic Shipping Seminar Leif Höegh & Co.ASA (LHC) presentation for Carnegie’s 1st Annual Nordic Shipping Seminar 7-8 April years in shipping Höegh LNG This is LHC Corporate strategy HUAL Höegh LNG Sustainable Development Results

2 LEIF HÖEGH & CO EBITDA per activity  Fleet –53 owned vessels  Location –Head office in Oslo –Listed Oslo (OSE)  Employees –abt sailors –abt. 400 ashore  Shareholders –Høegh family owns 66%  Market capitalisation –NOK million –(USD 360 million)  Freight revenues 2002 –USD 667 million This is LHC

3 LEIF HÖEGH & CO 3 Corporate strategy changed from diversification to focus on fewer core segments LNG LPG W.Africa Höegh Lines Open Hatch HUAL OBO Tank Bulk Contract Shipping LNG/Bulk Other Reefer / Open Hatch RORO HUAL LNG Other DiversificationFocusGrowth PastPresent Corporate strategy Reefer / OH / Bulk

4 LEIF HÖEGH & CO 4 Leif Höegh & Co. ASA HUAL AS RoRo 26 PCTC 4 Newbuildings 3 T/C long term Open Hatch 10 Open Hatch in Saga Forest Carriers BULK 2 x dwt dry bulk on long term t/c Reefers 12 x reefers in Lauritzen Cool HÖEGH LNG LNG 4 LNG vessels 2 Newbuildings Management HFS AS Technical Crewing Project / newbuildings This is LHC Portfolio Management Finance Fleet

5 LEIF HÖEGH & CO 5 HUAL

6 LEIF HÖEGH & CO 6 HUAL operates a modern fleet of about 45 vessels  24 owned deep-sea vesselsCapacity cars  2 owned short-sea vesselsCapacity 800 cars  3 PCTC newbuildings, 2005Capacity 6100 cars  1 Ro/Ro newbuilding, 2004(Airbus t/c)

7 LEIF HÖEGH & CO 7 One main trade 1988

8 LEIF HÖEGH & CO 8 A Global trade system USEC - Europe Europe - Caribb Caribbean/ US USEC - Middle East Europe - Middle East Far East - Caribbean/ USEC Far East - WC South America Europe - Africa Far East To North America To South America USEC - Africa (Ballast to FE) Far East - Europe Kiwi 2002

9 LEIF HÖEGH & CO 9 Development in cargo composition 68% 8% 24% 64% 22% 14% 1990: units 2002: units

10 LEIF HÖEGH & CO 10 The Vehicle transportation supply chain Sea transportation of vehicles is a link in a long chain of operations and represents a small share of the price to the end user Vehicle process. Inland transport. Port storage Vehicle process. Info process. Inspection Load Deep sea Unload Inspection Port storage Info process. Inland transport. Port in Far East Port in Europe Deep sea Abt.USD 500 per CEU

11 LEIF HÖEGH & CO 11 World vehicle production (million units) 57 mill new light vehicles and 1,9 mill trucks Seaborne vehicles, 2002 (deep sea) 10,6 mill units Source: J.D.Power and R.S.Platou New cars Sea borne new cars

12 LEIF HÖEGH & CO 12 Source: J.D.Power and R.S.Platou

13 LEIF HÖEGH & CO 13 Source: J.D.Power and R.S.Platou * firm orders only

14 LEIF HÖEGH & CO 14 Source: J.D.Power and R.S.Platou * firm orders only

15 LEIF HÖEGH & CO 15 Höegh LNG

16 LEIF HÖEGH & CO 16 Höegh Gandria ( m 3 ) on t/c to Pertamina to 2006 Norman Lady ( m 3 ) on t/c to Enagas to 2012/2019 Höegh Galleon ( m 3 ) on t/c to Tractebel to 2017 Matthew ( m 3 ) on technical management for Tractebel Snöhvit TBN ( m3) t/c to SSG from 2005 Snöhvit TBN ( m3) t/c to TotalFinaElf from 2006 Höegh LNG

17 LEIF HÖEGH & CO 17 LNG TRADE BY IMPORTING REGION Höegh LNG

18 LEIF HÖEGH & CO 18 World LNG vessel fleet Pacific fleet93 vessels Atlantic fleet35 vessels World fleet128 vessels Orderbook 64 vessels Options20 vessels Natural Gas production (bcm) Export Höegh LNG

19 LEIF HÖEGH & CO 19 Snøhvit field The Liquefied Natural Gas (LNG) supply chain Sea transportation of LNG amounts to as much as 20 to 30 % of the end user price. (Source: BP Amoco - LNG chain costs 1998 based on last 10 years. Approximate return 12%; on shipping 8%) ProductionLiquefactionSea transportationTerminal Total cost US$/million Btu Low case: 0,31,0 0,6 0,4 2,3 High case: 1,32,5 1,1 1,5 6,4 Höegh LNG

20 LEIF HÖEGH & CO 20 Other Sustainable development

21 LEIF HÖEGH & CO 21 Why is the matter of environmental protection important to a company like LHC?  Idealistic reasons: –We all want to hand over a clean planet to the next generation  Business reasons: –Our customers want to make business with an environmentally friendly company  Regulatory reasons: –We are obliged to follow international rules and regulations (which are fairly well developed)  We can all make a difference!

22 LEIF HÖEGH & CO 22 LHC is a member of the World Business Council for Sustainable Development (WBCSD) WBCSD is a coalition of 150 international companies united with a commitment to provide business leadership as a catalyst for change towards sustainable development

23 LEIF HÖEGH & CO 23 Results

24 LEIF HÖEGH & CO 24 Financial development EBITDA

25 LEIF HÖEGH & CO 25 Financial development NET PROFIT

26 LEIF HÖEGH & CO 26 Financial development CASHFLOW

27 LEIF HÖEGH & CO 27 Financial development TOTAL ASSETS - EQUITY RATIO


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