Ocean Yield

TekBot · november 10, 2023, 6:50pm

Investment in two Suezmax tankers with sustainability-linked lease

Ocean Yield AS (“Ocean Yield” or the “Company”) is pleased to announce that it
has agreed to acquire two 2022-built Suezmax tankers. Both vessels were built at
Daehan Shipbuilding in Korea. Upon delivery (expected in the fourth quarter),
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the vessels will commence 14-year bareboat charters to guaranteed subsidiaries
of Euronav NV, a leading crude oil tanker company, listed on the New York Stock
Exchange and Euronext Brussels.

The bareboat charter rates will have a variable element linked to the respective
vessel’s actual carbon emissions, incentivizing the charterer to keep emissions
low. There are purchase obligations at the end of the charter periods.

The transaction will add approximately USD 250 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 · november 15, 2023, 12:34pm

Invitation to webcast of Q3 2023 results

Ocean Yield AS will present the Q3 2023 financial results on Wednesday 22[nd]
November 2023.

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

Webcast

· Date: Wednesday 22[nd] November 2023
· Time: 09:00 CET
· Webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20231122_2/
· 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 · november 21, 2023, 5:01pm

Third quarter results 2023

Fornebu, 21[st] November 2023, Ocean Yield AS (“Ocean Yield” or the “Company”)
announces results for the third quarter 2023.

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Highlights

· EBITDA for Q3 2023 was USD 51.5 million and adjusted for lease effects was
USD 79.0 million.
· Net profit for Q3 2023 was USD 18.5 million.
· Strong balance sheet, with an equity ratio of 30.6% and USD 133.8 million in
cash.
· During the third quarter, the Company signed an agreement to acquire four
LR1 newbuilding product tankers with sustainability-linked long-term bareboat
charters to Braskem S.A.
· Also during the quarter, the Company took delivery of a newbuilding
container vessel with seven-year time charter.
· During the quarter, the Company issued a new NOK 750 million senior
unsecured bond loan (OCY09) with a five-year tenor. The proceeds were used to
refinance outstanding debt and for general corporate purposes.
· Post quarter end, the Company agreed to acquire a 2016-built Suezmax tanker
with eight-year bareboat charter to Nordic American Tankers Ltd.
· Post quarter end, the Company agreed to acquire two 2022-built Suezmax
tankers with 14-year bareboat charters to guaranteed subsidiaries of Euronav NV.
· Also post quarter end, the two AHTS vessels previously trading in a pool
with Solstad Offshore ASA, commenced new five-year bareboat charters to Viking
Supply Ships AB.
· The EBITDA charter backlog at the end of Q3 2023 was USD 4.1 billion with an
average remaining contract duration of 10.2 years.

Andreas Røde, CEO of Ocean Yield, said in a comment:
“This has been an active period for Ocean Yield, where we during the third
quarter and after quarter end, have signed agreements for seven new vessels with
long-term charters, in addition to taking delivery of a newbuilding container
vessel and delivering the two AHTS vessels on new long-term bareboat charters.
The Company continues to focus on accretive growth opportunities while
maintaining a strong balance sheet. Our charter backlog per quarter end was
record high at USD 4.1 billion with more than 10 years average contract
duration, with all vessels fifixed on long-term charters.”

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 · november 22, 2023, 7:02am

Q3 2023 Presentation

TekBot · desember 5, 2023, 4:02am

Rentefastsettelse

TekBot · desember 8, 2023, 12:45pm

Rentefastsettelse

TekBot · desember 15, 2023, 12:03pm

Rentefastsettelse

TekBot · desember 19, 2023, 6:54am

Financial calendar

TekBot · desember 20, 2023, 8:21am

Changes to the Board of Directors

Ocean Yield AS (“Ocean Yield” or the “Company”) is pleased to announce that Ms.
Rebecca Lund Nakkim will join the Board of Directors with effect from today. Ms.
Nakkim has a Master of Laws degree from the University of Oslo and is currently
…

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employed as a lawyer with the law firm BAHR, with focus on shipping and finance.

At the same time, Mr. Andreas Røde and Mr. Eirik Eide will resign from the Board
of Directors. Mr. Røde and Mr. Eide will continue in their capacity as CEO and
CFO of the Company. Following this, the Board of Directors will consist of
Vincent Policard (Chairperson), Bernardo Nogueira (Vice Chairperson) and Rebecca
Lund Nakkim (Board member).

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 · desember 20, 2023, 11:32am

Rentefastsettelse

TekBot · februar 22, 2024, 12:25pm

Invitation to webcast of Q4 2023 results

Ocean Yield AS will present the Q4 2023 financial results on Thursday 29[th]
February 2024.

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

Webcast

· Date: Thursday 29[th] February 2024
· Time: 09:00 CET
· Webcast: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20240229_9
· A PDF presentation will be available for download here:
Reports and presentations - Ocean Yield

Company contacts:

Andreas Røde (CEO), Tel +47 98 22 85 62

Eirik Eide (CFO), Tel +47 95 00 89 21

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 95 13
23 35

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 28, 2024, 5:17pm

Annual Report and ESG Report 2023

Fornebu, 28[th] February 2024, Ocean Yield AS (“Ocean Yield” or the “Company”)
publishes its fourth quarter 2023 results, the 2023 Annual Report and ESG Report
for 2023.
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The results and management comments for the fourth quarter can be found on pages
88-94 in the Annual Report.

HIGHLIGHTS FOR Q4 2023

· EBITDA for Q4 2023 was USD 55.3 million and Adjusted EBITDA was USD 88.2
million.
· Net profit for Q4 2023 was USD 23.3 million.
· Strong balance sheet, with an equity ratio of 28.2% and USD 115.8 million in
cash.
· During the quarter, the Company agreed to acquire a 2016-built Suezmax
tanker with eight-year bareboat charter to Nordic American Tankers Ltd.
· The Company also agreed to acquire two 2022-built Suezmax tankers with 14
-year bareboat charters to guaranteed subsidiaries of Euronav NV.
· The two AHTS vessels previously trading in a pool with Solstad Offshore ASA,
commenced new five-year bareboat charters to Viking Supply Ships AB.
· The EBITDA charter backlog at the end of Q4 2023 was USD 4.2 billion with an
average remaining contract duration of 10.2 years.

Andreas Røde, CEO of Ocean Yield, said in a comment:

“The fourth quarter was another active quarter for Ocean Yield, where we
acquired three Suezmax vessels and took delivery of one container vessel from
the yard. Ocean Yield continues to deliver strong results, with a net profit for
the year of USD 92.5 million and an EBITDA charter backlog of USD 4.2 billion as
of year-end. The Company is selectively evaluating new investments in
vessels with long-term charters, while always taking the cyclicality of the
underlying shipping segments into account.”

Company contacts:

Andreas Røde (CEO), Tel +47 98 22 85 62

Eirik Eide (CFO), Tel +47 95 00 89 21

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 95 13
23 35

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 29, 2024, 7:01am

Q4 2023 Presentation

TekBot · februar 29, 2024, 9:00am

Fixed Income Investor Meetings

Ocean Yield AS (“Ocean Yield” or the “Company”) has mandated Arctic Securities,
Danske Bank, Nordea and Skandinaviska Enskilda Banken as Joint Lead Managers to
arrange a series of fixed income investor meetings commencing 29[th] February
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A new USD perpetual callable hybrid bond issue may follow, subject to inter alia
market conditions. The proceeds from the potential new issue are to be applied
towards general corporate purposes of the group.

Company contacts:

Andreas Røde (CEO), Tel +47 98 22 85 62

Eirik Eide (CFO), Tel +47 95 00 89 21

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 95 13
23 35

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 4, 2024, 1:31pm

Rentefastsettelse

TekBot · mars 5, 2024, 2:31pm

Successful placement of new hybrid capital

Ocean Yield AS (“Ocean Yield” or the “Company”) has successfully completed a new
perpetual callable hybrid bond (“Hybrid Bond”) issue of USD 75 million, carrying
a coupon of SOFR + 5.35% p.a. with quarterly interest payments. The Hybrid Bond
…

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issue attracted strong interest and was well oversubscribed.

Net proceeds from the Hybrid Bond will be used for general corporate purposes.
The Hybrid Bond will be accounted for as equity in the balance sheet and
constitute subordinated obligations of the Company.

Arctic Securities, Danske Bank, Nordea and SEB 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.

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Company contacts:

Andreas Røde (CEO), Tel +47 98 22 85 62

Eirik Eide (CFO), Tel +47 95 00 89 21

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 95 13
23 35

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, 2024, 12:47pm

Rentefastsettelse

TekBot · mars 15, 2024, 12:45pm

Rentefastsettelse

TekBot · mars 20, 2024, 12:47pm

Rentefastsettelse

TekBot · april 19, 2024, 6:14am

Approval of prospectus for listing of bond issue OCY10 with ISIN NO0013177188

The Financial Supervisory Authority of Norway has on 16 April 2024 approved
Ocean Yield AS’s prospectus prepared in connection with the application for
listing of the USD 75 million perpetual callable hybrid bond issue OCY10, with
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ISIN NO0013177188. The prospectus with appendices is available and published on
Ocean Yield’s website: www.oceanyield.no/Investor-Relations/Bonds

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Company contacts:

Andreas Røde (CEO), Tel +47 98 22 85 62

Eirik Eide (CFO), Tel +47 95 00 89 21

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 95 13
23 35

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