Ocean Yield

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

TekBot · august 18, 2023, 7:53am

Invitation to webcast of Q2 2023 results

Ocean Yield AS will present the Q2 2023 financial results on Thursday 24[th]
August 2023.

…

Vis børsmeldingen

We invite bondholders and other interested parties to attend the webcast.

Webcast

· Date: Thursday 24[th] August 2023
· Time: 09:00 CET
· Webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20230824_10/ (https://eur01
.safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royalcast.com%2Fland
ingpage%2Fhegnarmedia%2F20230824_10%2F&data=05%7C01%7Ckarl.pedersen%40oceanyield.
no%7C56c51c6d8ae84d33c83d08db97d9d71a%7C4532deeec4ed44d788c679ffa513472c%7C0%7C0%
7C638270734090616158%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIi
LCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=Z87Q1y3XMaYcgONZTPiK%2BPzGlv
3LUyC%2BHw8YqxdHwG0%3D&reserved=0)
· A PDF presentation will be available for download here:
Reports and presentations - 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 · august 23, 2023, 4:01pm

Second quarter and first half year results 2023

Fornebu, 23[rd] August 2023, Ocean Yield AS (“Ocean Yield” or the “Company”)
announces results for the second quarter and first half year of 2023.

…

Vis børsmeldingen

Highlights

· EBITDA for Q2 2023 was USD 59.1 million and EBITDA adjusted for finance
lease effects was USD 86.5 million.
· Net profit for Q2 2023 was USD 27.7 million.
· Strong balance sheet, with an equity ratio of 31.1% and USD 115.9 million in
cash.
· Signed an agreement to acquire four LR1 newbuilding product tankers with
sustainability-linked long-term bareboat charters to Braskem S.A…
· Agreement with CMB N.V. that the final transaction scope for the
Newcastlemax transaction announced on 6 December 2022 will be eight or nine
vessels.
· During the quarter, Ocean Yield repurchased another USD 42.3 million of its
hybrid perpetual bonds, OCY06.
· An active quarter on the financing side, with refinancing and upsizing of
several loan agreements, at attractive terms.
· The EBITDA charter backlog at the end of Q2 2023 was USD 3.9 billion with an
average remaining contract duration of 9.8 years.

Andreas Røde, CEO of Ocean Yield, said in a comment:
“Ocean Yield delivers another strong quarter, where the results were positively
impacted by one-off gains related to vessel sales. During the quarter, we signed
our first sustainability-linked lease for four newbuilding product tankers with
Braskem S.A… I am pleased to see that Ocean Yield, through partnering with
clients that share our vision, is continuing to play an active role as
facilitator for the decarbonisation of the maritime industry.”

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 · august 24, 2023, 6:00am

Q2 2023 Presentation

TekBot · august 31, 2023, 10:01am

Fixed Income Investor Meetings

Ocean Yield AS (“Ocean Yield”) has mandated Arctic Securities, Danske Bank, DNB
Markets and Nordea, as Joint Lead Managers to arrange a series of fixed income
investor meetings commencing Friday 1 September 2023.
…

Vis børsmeldingen

A new NOK 750 million 5-year senior unsecured floating rate bond issue may
follow, subject to inter alia market conditions. 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 will offer a
conditional buyback of its outstanding bond with ticker “OCY07” (ISIN
NO0010869720).

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 · september 5, 2023, 1:33pm

Successful placement of senior unsecured bonds

Ocean Yield AS (“Ocean Yield”) has successfully completed a new bond issue of
NOK 750 million, carrying a coupon of 3 months NIBOR + 3.75% p.a. with quarterly
interest payments. The bond issue attracted strong interest and was well
…

Vis børsmeldingen

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

In conjunction with the new bond issue, Ocean Yield has repurchased USD 12
million of outstanding bonds with ticker OCY06 (ISIN: NO0010861594) and NOK 121
million of outstanding bonds with ticker OCY07 (ISIN: NO0010869720). Following
these transaction, Ocean Yield holds USD 93.5 million in OCY06 where the total
nominal outstanding amount is USD 125 million and NOK 420.5 million in OCY07
where the total nominal outstanding amount is NOK 750 million.

Arctic Securities, Danske Bank, DNB Markets and Nordea acted as Joint Lead
Managers in connection with the placement of the new bond issue. BAHR acted as
legal advisor to Ocean Yield. 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 · september 8, 2023, 11:49am

Rentefastsettelse

TekBot · september 20, 2023, 11:29am

Rentefastsettelse

TekBot · september 29, 2023, 9:17am

Oslo Børs – Ocean Yield AS - Received application for listing of bonds

TekBot · september 29, 2023, 12:03pm

Approval of prospectus for listing of bond issue OCY09 with ISIN NO0013013813

The Financial Supervisory Authority of Norway has on 29 September 2023 approved
Ocean Yield AS’s prospectus prepared in connection with the application for
listing of the NOK 750 million senior unsecured bond issue OCY09, with ISIN
…

Vis børsmeldingen

NO0013013813.

The prospectus with appendices is available and published on Ocean Yield’s
website: www.oceanyield.no/Investor-Relations/Bonds

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 · oktober 27, 2023, 1:20pm

Investment in Suezmax tanker with long-term charter

Ocean Yield AS (“Ocean Yield” or the “Company”) is pleased to announce that it
has agreed to acquire a 2016-built Suezmax tanker with an 8-year bareboat
charter to Nordic American Tankers Ltd. (“NAT”) with a purchase obligation at
…

Vis børsmeldingen

the end of the charter period. The vessel will be delivered to Ocean Yield
during the fourth quarter. NAT is a leading crude tanker company listed on the
New York Stock Exchange with a fleet of 20 Suezmax tankers.

CEO Andreas Røde said in a comment: “This is the third transaction between Ocean
Yield and NAT since 2017, reflecting the strength of the long-term partnership
between the two companies. We have a long track-record of successfully growing
with our partners, and we are pleased to continue to support NAT with its fleet
growth and renewal.”

The transaction will add approximately USD 80 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