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Year End Report 2011 CEO Henning E. Jensen and CFO Heléne Mellquist

Year End 2011 Fourth quarter 2011 •

Net revenues amounted to SEK 903 M (640)

Result before tax amounted to SEK -161 M (-256)

Result after tax amounted to SEK -194 M (-251)

Earnings per share after tax amounted to SEK -2.7 (-3.9)

Significant Events •

The loss of SEK -194 M in the fourth quarter was impacted by restructuring costs totaling SEK 48 M

New share issue of SEK 555 M implemented

Refinancing of Viking Supply loan portfolio SEK 675 M

Henning E. Jensen replaced Rolf Skaarberg as CEO

Heléne Mellquist appointed as CFO

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Year End 2011 FY 2011 •

Net revenue amounted to SEK 2,989 M (2,394)

Result before tax amounted to SEK -466 M (407)

Result after tax amounted to SEK -435 M (585)

Earnings per share before tax amounted to SEK -6.6 (14.3)

Significant Events • The loss of SEK -435 M includes restructuring cost of SEK 194 M • Work on demerging the Group into two competitive units continues • Artic Ice Management, Österströms and SBS Marine acquired • The Board of Directors proposes that no dividend be paid for the 2011 fiscal year

Year End 2011 Viking Supply Ships •

SBS Marine acqusition finalized

Sakahlin Energy Contract total value 70 MUSD for the fixed period

• • •

Established in Copenhagen during 2011 Changed name to Viking Supply Ships January 1 ATHS Brage Viking, the last of four AHTS vessels, was delivered in January

– –

Six Plattform Supply Vessels. Site in Aberdeen. 2,5 year plus option of 4x3

Viking Supply Ships

Octobe r-De ce mbe r

January-De ce mbe r

2011

2010

2011

2010

Ne t re ve nue 1)

203

155

568

298

Ope rating re sult

-36

21

-72

45

-17,7%

13,5%

-12,7%

15,1%

Profit margin

2


Year End 2011 Industrial Shipping • •

Major restructuring performed. Two lines closed down at the end of 2011

An unfavourable market situation

• • • • •

New RoRo line started TransBothnia New terminal in Hull with better performance Nice growth in Poland terminal New combined bulk traffic FN Steel and Nordkalk New CEO for the Business Area Kim Soerensen

The Atlantic Traffic and The Trans Suomi Line Low rates and volumes resulted in overcapacity of vessels

Industrial Shipping

Octobe r-De ce mbe r

Ne t re ve nue Ope rating re sult Profit ma rgin

Ja nua ry-De ce mbe r

2011

2010

2011

2010

667

454

2 259

1 865

-59

-15

-113

-105

-8,8%

-3,3%

-5,0%

-5,6%

Group Income Statement Group Oc to ber-Dec ember

January -Dec ember

2011

2010

2011

2010

903

640

2 989

2 394

-9

63

67

883

Operating result

-115

-244

-348

455

Result before tax

-161

-256

-466

407

-17,8%

-40,0%

-15,6%

17,0%

S EK M Net sales Result befo re capital c osts, EBITDA

Pro fit marg in P rofit before tax by business area

21

-72

45

Industrial S hipping business area

-59

-15

-113

-105

S hip Manag ement/Group-wide

-18

-21

-87

-61

-113

-15

-272

-121

-48

-241

-187

-247

0

0

-7

775

-161

-256

-466

407

-33

5

31

178

-194

-251

-435

585

Result after current tax

-2,5

-4,0

-7,3

9,9

Result after full tax

-2,7

-3,9

-6,6

14,3

V iking S upply S hips business area

Total operating result Restructuring items

1)

Acquisition effec ts 2) Result before tax Tax

3)

Result

-36

SEK per share

3


Financial Position

Financial position

December

De ce mbe r

SEK M at the close of e a ch pe riod

2011

2010

Tota l asse ts

6 314

5 146

Sha re holde rs' e quity

2 493

2 396

Equity/asse ts ra tio, %

39,5%

46,6%

De bt/e quity ra tio, %

97,7%

64,0%

548

637

Numbe r of sha re s outsta nding

110 902 700

55 451 350

Sha re holde rs' e quity pe r sha re

22,5

43,2

Ca sh a nd ca sh e quivale nts

Going Forward TransAtlantic TransAtlantic • Tough first quarter 2012 due to market and seasonal effects • The run rate will improve over the year Viking Supply Ships • The ambition is to further expand during 2012 • 2012 market expected to improve significantly over 2011 Industrial Shipping • The number of vessels is gradually reduced and the rates are being renegotiated • A more focused market strategy for an improved position • Focus on profitablility

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www.rabt.se

Year End Report

Niomånaders rapporten jan–sep 2009 February 20122009. publiceras28, 27 oktober

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Presentation Year End Report 2011  

Presentation Year End Report 2011

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