Ocean Yield

TekBot · januar 6, 2023, 6:01am

Key information relating to full redemption of bond loan - OCY05

TekBot · januar 6, 2023, 6:01am

Exercises call option on bond issue OCY05

FRN Senior Unsecured Callable Bond Issue with maturity 25 May 2023
(ISIN NO 0010823214)

…

Vis børsmeldingen

Ocean Yield AS (the “Company”) has today notified Nordic Trustee, who is acting
as bond trustee for the above-mentioned bond issue, that the Company exercises
the call option in accordance with the bond agreement.

Settlement will take place on 17 February 2023.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · februar 9, 2023, 2:05pm

Invitation to webcast of Q4 2022 results

Ocean Yield AS will present the Q4 2022 financial results on Thursday
16[th] February 2023. We invite bondholders and other interested parties to
attend the webcast.
…

Vis børsmeldingen

Webcast

· Date: Thursday 16[th] February 2023
· Time: 09:00 CET
· Webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20230216_23/ (https://eur01
.safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royalcast.com%2Fland
ingpage%2Fhegnarmedia%2F20230216_23%2F&data=05%7C01%7Ceirik.eide%40oceanyield.no%
7C768de9dba528487762a408db09a51f7f%7C4532deeec4ed44d788c679ffa513472c%7C0%7C0%7C6
38114377032718220%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJ
BTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=KFVPJ33enqLq6BlqDNrifApvxAHn66S
rSg28p7vtwkQ%3D&reserved=0)
· The presentation will be available for download here:
Reports and presentations - Ocean Yield

Kilde

TekBot · februar 15, 2023, 3:47pm

Fourth Quarter and preliminary results 2022

Fornebu, 15[th] February 2023, Ocean Yield AS (“Ocean Yield” or the
“Company”) announces results for the fourth quarter and preliminary results for
the year ending 31[st] December 2022.
…

Vis børsmeldingen

Highlights

· EBITDA for Q4 2022 was USD 51.8 million and EBITDA adjusted for finance
lease effects was USD 82.8 million.
· Net profit for Q4 2022 was USD 21.1 million.
· EBITDA for 2022 was USD 187.0 million and EBITDA adjusted for finance lease
effects was USD 301.9 million.
· Net profit for 2022 was USD 91.2 million.
· Strong balance sheet, with an equity ratio of 30.3% and USD 122 million in
cash. Post quarter end, the Company has increased several loan facilities with a
total amount of USD 55 million.
· Active period for financing and refinancing of several loan facilities. The
bond loan OCY05 has been called, and will be settled in cash in Q1 2023.
· Acquisition of up to ten Newcastlemax dry bulk newbuildings with 15-year
charters to CMB N.V.
· Acquisition of one 5,500 TEU container vessel newbuilding with 7-year
charter to ZIM.
· EBITDA charter backlog at the end of Q4 2022 of USD 3.8 billion with an
average remaining contract duration of 9.3 years.

Andreas Røde, CEO of Ocean Yield, said in a comment:
“During 2022 we continued to renew and diversify our fleet and during the fourth
quarter we committed to invest more than USD 600 million in modern future-proof
vessels, taking the total investment figure for the year to more than USD 1
billion. The significant investment in up to ten ammonia-ready Newcastlemax
newbuildings on long-term charters to CMB is a testimony to Ocean Yield’s
strategy of facilitating our partners’ role in the energy transition.
Further, we are pleased with the continued support from our senior financing
providers, enabling us to execute several attractive financings during the
quarter for both new transactions and refinancing debt for the existing fleet,
as we continue to optimize our balance sheet and cost of capital.”

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · februar 16, 2023, 6:30am

Q4 2022 Presentation

Please find attached the Q4 2022 presentation to be held today 16[th] February
2023 by webcast.

…

Vis børsmeldingen

Webcast details as follows:

· Time: 09:00 CET, 16[th] February 2023

Link to
webcast (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20230216_23)

Link to website for report and presentation:

www.oceanyield.no (Investor Relations - Ocean Yield)

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · mars 6, 2023, 6:02am

Fixed Income Investor Meetings

Ocean Yield AS has mandated Arctic Securities AS, Danske Bank, Nordea Bank Abp,
filial i Norge and Skandinaviska Enskilda Banken AB (publ), as Joint Lead
Managers to arrange a series of fixed income investor meetings, commencing
…

Vis børsmeldingen

today, Monday 6 March 2023.

Subject to inter alia market conditions, a new 4-year NOK denominated senior
unsecured floating rate bond issue may follow. The proceeds from the potential
bond issue are to be applied towards refinancing of outstanding debt and general
corporate purposes.

In connection with the potential bond issue, Ocean Yield may offer conditional
buybacks in its outstanding bonds with ticker OCY07 (ISIN: NO0010869720) and
OCY06 (ISIN: NO0010861594).

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · mars 8, 2023, 2:05pm

Ocean Yield - Successful placement of senior unsecured bonds

Ocean Yield AS has successfully completed a new bond issue of NOK 750 million,
carrying a coupon of 3 months NIBOR + 3.95% p.a. with quarterly interest
payments. The bond issue attracted strong interest and was well oversubscribed.
…

Vis børsmeldingen

The net proceeds from the bond issue will be applied towards refinancing of
outstanding debt and general corporate purposes.

Arctic Securities AS, Danske Bank, Nordea Bank Abp, filial i Norge and
Skandinaviska Enskilda Banken AB (publ) acted as Joint Lead Managers in
connection with the placement of the new bond issue. An application will be made
for the bonds to be listed on Oslo Børs.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · mars 9, 2023, 2:39pm

Ocean Yield - Buy-back of bonds

Reference is made to the stock exchange notice 8 March 2023 regarding Ocean
Yield AS’ issuance of new senior unsecured bonds. In conjunction with the new
bond issue, Ocean Yield AS has repurchased NOK 292.5 million of outstanding
…

Vis børsmeldingen

bonds with ticker OCY07 (ISIN: NO0010869720) and USD 37.7 million of outstanding
bonds with ticker OCY06 (ISIN: NO0010861594).

Arctic Securities AS, Danske Bank, Nordea Bank Abp, filial i Norge and
Skandinaviska Enskilda Banken AB (publ) acted as Joint Lead Managers for the
transaction.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · mars 14, 2023, 7:01am

New bareboat charters with purchase obligations for two AHTS vessels

Ocean Yield AS (“Ocean Yield” or the “Company”) has entered into an agreement to
charter out the two 2013 built AHTS vessels, Far Senator and Normand Statesman
on bareboat charters to Viking Supply Ships AB for a period of five years. The
…

Vis børsmeldingen

Charterer will have purchase options during the charter, and an obligation to
purchase the vessels at the end of the charter term, if requested by Ocean
Yield. There is also a substantial element of pre-paid charter hire to be paid
upon commencement of the transaction.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · mars 29, 2023, 8:03am

Annual Report and ESG Report 2022

TekBot · mai 3, 2023, 11:42am

Financial calendar

TekBot · mai 16, 2023, 6:28am

Invitation to webcast of Q1 2023 results

Ocean Yield AS will present the Q1 2023 financial results on Thursday 25[th] May
2023 .

…

Vis børsmeldingen

We invite bond holders and other interested parties to attend the webcast.

Webcast

· Date: Thursday 25[th] May 2023
· Time: 09:00 CET
· Webcast: Link to webcast (http://Ocean Yield AS will present the Q1 2023
financial results on Thursday 25th May 2023 . We invite bond holders and other
interested parties to attend the webcast. Webcast . Date: Thursday 25th May 2023
. Time: 09:00 CET . Webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20230525_13/)
· A PDF Presentation will be available for download here: Ocean Yield Home
Page (Investor Relations - Ocean Yield)

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Kilde

TekBot · mai 23, 2023, 5:59am

Approval of prospectus for listing of bond issue OCY08 with ISIN NO0012863804

TekBot · mai 23, 2023, 11:21am

Oslo Børs – Ocean Yield AS - Mottatt søknad om notering av obligasjonslån

TekBot · mai 24, 2023, 4:47pm

First Quarter results 2023

Fornebu, 24[th] May 2023, Ocean Yield AS (“Ocean Yield” or the
“Company”) announces results for the first quarter of 2023.

…

Vis børsmeldingen

Highlights

· EBITDA for Q1 2023 was USD 58.1 million and EBITDA adjusted for finance
lease effects was USD 87.4 million.
· Net profit for Q1 2023 was USD 23.0 million.
· Strong balance sheet, with an equity ratio of 30.5% and USD 113 million in
cash.
· During the quarter, the Company repaid the OCY05 bond of NOK 750 million.
· A new bond loan, OCY08 was issued with a nominal amount of NOK 750 million.
In connection with the bond issue, the Company has repurchased USD 39.3 million
in OCY06 and NOK 299.5 million in OCY07.
· New bareboat charters entered into for two AHTS vessels to Viking Supply
Ships AB.
· EBITDA charter backlog at the end of Q1 2023 of USD 3.7 billion with an
average remaining contract duration of 9.3 years.

Andreas Røde, CEO of Ocean Yield, said in a comment:
“I am proud to announce that Ocean Yield has delivered another quarter of solid
performance. During the quarter focus has been on securing attractive long-term
financing for our newbuilding vessels and proactively refinancing several
secured and unsecured loan facilities. I am also pleased with finding an
attractive long-term solution for our two AHTS vessels, which will reduce
earnings volatility in line with our strategy. Once the vessels are delivered to
Viking Supply Ships AB in the second half of 2023, 100% of our fleet will be on
long-term charters. Given our strong balance sheet and cash position, we
actively evaluate growth opportunities.”

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · mai 25, 2023, 5:32am

Q1 2023 Presentation

Please find attached the Q1 2023 presentation to be held today 25[th] May 2023
by webcast.

…

Vis børsmeldingen

Webcast details as follows:

Time: 09:00 CET, 25[th] May 2023

Link to
webcast (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20230525_13)

Link to website for report and presentation:
www.oceanyield.no (https://www.oceanyield.no/Investor-Relations)

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · mai 26, 2023, 1:08pm

Update on investment in newcastlemax newbuildings with long-term charters

Reference is made to the stock exchange release dated December 6, 2022, where
Ocean Yield AS (“Ocean Yield”) announced an agreement to acquire a minimum of
five and a maximum of ten vessels with expected delivery dates between Q1 2025
…

Vis børsmeldingen

and Q2 2026.

Ocean Yield has now agreed with the charterer that the final transaction scope
will be eight or nine vessels, with expected delivery dates between Q3 2024 and
Q4 2025.

Upon delivery, the vessels will commence 15 year bareboat charters to guaranteed
subsidiaries of CMB N.V.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde

TekBot · juni 6, 2023, 6:00am

Buy back of bonds

TekBot · juni 20, 2023, 12:01pm

Ny rente

TekBot · august 1, 2023, 12:47pm

Investment in four product tankers with inaugural sustainability-linked lease

Ocean Yield AS (“Ocean Yield” or the “Company”) is pleased to announce that it
has agreed to purchase four LR1 product tankers, to be constructed at Guangzhou
Shipyard International (GSI) in China. The vessels will be built with a design
…

Vis børsmeldingen

enabling them to be converted to dual-fuel operation with methanol as fuel. Upon
delivery (in 2026 and 2027), the vessels will commence 15-year bareboat charters
to guaranteed subsidiaries of Braskem S.A., a leading global petrochemical
company listed on the New York Stock Exchange. Braskem S.A. currently has credit
ratings of BBB- from S&P and Fitch, and Ba1 from Moody’s.

The bareboat charter rate will have a variable element linked to the respective
vessel’s actual carbon emissions, incentivizing the charterer to keep emissions
low. To the Company’s knowledge, this is the first sustainability-linked
transaction in the maritime leasing market.

CEO Andreas Røde said in a comment: “Since Ocean Yield was established in 2012,
sustainability and responsibility have been integrated parts of our core
strategy as we seek to be a facilitator for the decarbonization of the shipping
industry. In Braskem, we have a found a partner who shares our values and
ambitions. We are excited to build on our relationship with Braskem and
introduce the inaugural sustainability-linked lease to the Ocean Yield
portfolio”.

The transaction will add approximately USD 300 million to the Company’s EBITDA
backlog.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS is a ship owning company with investments in vessels on long-term
charters. The Company has a significant contract backlog that offers visibility
with respect to future earnings.

Kilde