Interim report
Page 1
● HIGHLIGHTS ¹ ) Awilco LNG achieved net result for the period of USD 3.3 million , equivalent to an earnings per share of USD 0.02 . For first half 2021 net result ended at USD 10.2 million or USD 0.08 per share . ● ● W Net TCE for second quarter and first half year ended at USD 66,500 per day and USD 78,000 per day respectively . AWILCO LNG SECOND QUARTER 2021 AND FIRST HALF YEAR 2021 RESULTS Net freight income was USD 12.1 million in Q2 2021 , down from USD 16.2 million in Q1 2021. For first half 2021 net freight income ended at USD 28.3 million , up from 17.1 million for the same period last year . EBITDA for the quarter ended at USD 9.0 million , compared with USD 12.7 million in Q1 2021. For first half 2021 EBITDA ended at USD 21.7 million , up from USD 11.3 million for the same period last year Vessel utilisation in Q2 2021 of 100 % , same as in Q1 2021 . In April WilForce was fixed on a 12 months contract and in June WilPride was fixed on a 10 months contract , both at rates that secure significant positive cash generation over the periods . KEY FINANCIAL FIGURES ¹ ) Covid - 19 still entails that crew changes and onboard service visits are more challenging and costly although we are taking appropriate measures to minimize same , such as vaccinating crew whenever possible . In USD millions , unless stated otherwise Freight income Voyage related expenses EBITDA Net profit / ( loss ) Total assets Total equity Gross interest - bearing debt Cash and cash equivalents Book equity ratio ( in % ) Q2 2021 12.7 0.6 9.0 3.3 354.4 109.7 239.3 17.1 30.9 % ¹ Please refer to definitions in Appendix A for descriptions of alternative performance measures Q1 2021 17.6 1.4 12.7 6.9 352.7 106.4 244.0 13.3 30.2 % Q4 2020 12.8 1.6 7.3 1.2 352.6 99.5 248.7 12.6 28.2 % AWILCO LNG ASA INTERIM FINANCIAL REPORT SECOND QUARTER AND FIRST HALF YEAR 2021 1/11 2020 35.6 5.0 18.1 ( 7.9 ) 352.6 99.5 248.7 12.6 28.2 %