Thank you very much for that intro. I'm Peter Jacobsson, I'm the CEO of Floatel International, and together with me, I have Tomas Hjelmstierna, the CFO. So I will take you through this presentation and start with page one of the presentation on the website. Highlights, Floatel Endurance comprehensive charter for Aker BP at the Skarv field on time, early March 2024. Floatel Triumph arrived the yard in Norway early March and commenced the thruster overhaul before she continued to Shell Shearwater. Floatel Victory was the only one vessel on charter for the full quarter, working for Chevron at the Anchor field in the U.S. Gulf of Mexico. That means that two out of five vessels were active in the quarter, with basically within the 28% utilization, mainly due to that the Floatel Endurance started later in the quarter. Contract update, Floatel Victory has been awarded a contract to provide MSU services for Equinor in Brazil. This assignment is for 50 months, and it started a couple of days ago, and will continue to early 2026 should they exercise all the options. Floatel Superior was awarded two contracts by Equinor, one for Oseberg, starting in Q2 2025 for six months, plus options. With Åsgard work, which is a call-off contract for approximately five months, plus options to be declared later, 1st of November this year. We also secured a contract for Shell for a project in Australia. The duration of the contract is 80 days, plus options, starting Q2 2026. In addition, we have a Floatel Endurance have received Letter of Intent for an undisclosed client in the North Sea region, to provide accommodation services in 2025 and 2026. In addition, we secured a new $50 million senior secured bond, which refinances the existing debt. Turn to the next page, or sorry, the page number three. We have marketing and tendering. In accordance to our calculation, the worldwide fleet utilization was around 69% in the first quarter, compared to 63% last year. Floatel active fleet, we have quite a lot of contracts going forward, and we, which means that we have limited availability until 2027. We also believe that the North Sea region will remain soft, apart from the contracts already secured, and we don't see any new work coming up in the near future for 2024. However, the market is improving significantly in 2025 and onwards. Tender activity remains buoyant, with several tenders outstanding, with commencement in 2025 and beyond. We also presented a global supply-demand according to our prediction, which means that we can see a kind of a shortage coming in 2025 for semi-submersible vessels, which is obviously a reduced fleet and high demand, which should hopefully lead to better utilization and improved day rates. Looking at the current commitments, we have quite a limited availability, as I mentioned, in 2025. In 2026, we have available the Floatel Victory after the Peregrino charter expires early 2026. We also potentially have availability of the Floatel Superior, depending on the call-off contract for the Oseberg. Then we have the Letter of Intent in 2025 and 2026 for the undisclosed client. This Letter of Intent is yet to be confirmed. The order book, as of end of March 2024, stands at just under $440 million, with option of $260 million. I should say that this order book, the current order book excludes the Letter of Intent, and also the Oseberg work, which is a call-off contract. So that these work are not included in the backlog. Operational update. Floatel Endurance completed its second periodic survey in the quarter, that was completed just before she left for the Skarv work, which started second of March 2024. And during the quarter, we had 42% utilization. Floatel Reliance remains idle at the Canary, at Tenerife, in the Canary Islands, awaiting next assignment. Floatel Superior, during the quarter, was idle in Skipavika, and she went on charter for INEOS FPS UK from Floatel Shell, which started on schedule, 15th of April this year. Floatel Triumph arrived in Norway early March, and then we went straight into the dock to do a thruster overhaul and make all the preparations required for the Shell Shearwater charter, which commenced 1st of May on schedule. And then Floatel Victory, she completed the Anchor field charter end of April. She was, she was steaming towards Brazil, and she arrived Brazil last week, and she is now getting prepared to commence that charter, which is expected to commence, the charter has commenced, but we are not gangway connected yet, because we have to do the check-in. But we expect that to be happening either over the weekend or early next week. The Floatel Victory recorded 100% utilization during the quarter. HSE update, no incident to report during the reporting period, and I'm pleased with that. So no, no new incident, and we are maintaining our HSE statistics below, below the target, which is, I'm pleased to say. Then we go to the financial update. I hand over to Tomas, who will take you through these next coming slides. Tomas? Thank you, Peter. Turning to page 12 and the results. The revenue for the quarter stands at $17 million, which is a reduction compared to last year, on the back of the softer situation we had in 2023, coming into the first quarter here of 2024, and all the contracts coming on stream from March onwards. Now we actually have the full fleet operational, and that is very, very good. OpEx stands at $20 million. SG&A is on $4 million in the quarter, which is on par with last year, and we don't foresee any material changes to that number in the quarters to come. That results in a recurring EBITDA of -$7 million, which is, according to our expectations, already when we did our internal budget last year, as well as when we did the roadshow in connection with raising the new bonds. Net financial, i.e., interest cost, is $6 million in the quarter, and this, of course, refers to the old instruments as the refinancing occurred in early April. Balance sheet, page 13. That's the book values amounts to $775 million, and no material changes apart from the CapEx in connection with the SPS's and thruster overhauls. Come back to that next week. Net client receivables, the sum of trade receivables and accrued revenues, stands at $18 million, which is—which is, on par with last year, but it's of course, lower than what it normally is, in the summertime when all vessels are working. Interest-bearing debt of $325 million is, of course, only refinancing, before the new super, before the new senior secured bonds. We were in compliance with all financial maintenance covenants with ample headroom at the end of the quarter and as of today. Cash flow statement. Net customer receivable drives the change in net working capital as things come on and off contracts, and you should be aware of that when you see how working capital moves between quarters. So working capital in quarter one was positive because it was collecting the last pieces from last year, and we will have a negative working capital in Q2 when we have to wait two months, compared to our effects when we can collect from the customers. Repayment and proceeds from debt in 2023 refer to revolving credit facility changes, as well as the new $100 million super senior bond that we took in quarter one last year. For 2023, other financial items refer to the bond fees in connection with the super senior bond, which we did in March 2023. All effects of the new $350 million senior secured bond, including costs for make-whole fees, and the refinancing effects, will all come in April and occur after the quarter end. That ends our presentation, and we will go to Q&A. Thank you very much, sir. Ladies and gentlemen, as a reminder, if you have any questions, please press star one on your telephone keypad. Please also ensure your mute function is not activated in order to signal reach our equipment. So that's star one if you wish to ask any questions. Our first question today is coming from Davis, sorry, David Antunes of Searchlight. Please go ahead, sir. Hi, can you hear me? Yeah, we can hear you. You- Hi. First of all, congrats for the results. You've managed to further improve the backlog, which gives very good visibility into 2027 and also the refi of the debt. And I think the next step seems to be to how to unlock equity value, for which an IPO seems to be a natural step? And if you could share any thoughts on how you see an IPO as a way to unlock equity value, or any color on processing timeline, would be highly appreciated. Thank you. All I can say, as of today, is that IPO is something discussed within the company and with the board. We are at the early stages in that process, and we will take step by step. So it's too early for us to comment on timing, but it's definitely something we are contemplating. Mr. Antunes, does that answer your question, sir? Yes. Thank you. Thank you so much. Thank you very much, sir. I didn't want to interrupt you. Our next question will be coming from Magnus Hjermann of Pareto Securities. Please go ahead, sir. Hey, guys, and thanks for taking my question. Just had a quick one on what geographies that- See, you will have the most demand going forward, and what geographies that you see will have maybe the best supply-demand balance going forward? Because we see progress today, it's moving one rig, I think, down to Australia, and maybe you can just comment on the overall picture of it. It's a long-winded question, but I mean, we still believe that the Brazilian market will remain at the current level. There are some 10 units working in that region. There are several new FPSOs being ordered for Brazil, and we also see that the maintenance of the existing FPSO fleet will remain high. So we still believe that Brazil will be an ongoing good market. We believe also that there are some inquiries in the U.S. Gulf of Mexico. The North Sea market will remain reasonably high, but it's obviously dominated by maintenance and modification of existing platforms and infrastructure. But we believe that the North Sea also will be a reasonably good market going forward. In addition, as you mentioned, the Australian market is picking up with some new prospects in that region, so we have the Floatel Triumph. I also saw that our competition has secured a longer-term contract in that region. Overall, I think the main market for us is Norway, and we see an increased number of tendering activities, not only in the regions mentioned, but also we have seen some inquiries from West Africa and the Far East region. Okay, thank you. Can you say something about when we would expect to see more contracts for 2026 and 2027? I know it's early days, but do you have any color there? Yeah, I mean, I think as I mentioned, the market is dominated by maintenance and modification work these days. There are some hookups coming up, but it's not in the near future. But the lead time normally for this work is anywhere between six months and one and a half years. So I think it's a bit early to speculate on the new, b ut we are in discussion with clients on 2026, but it will take some months before we can see the result of the present tender activity for work in 2026 and beyond. Okay. That's very helpful. Thank you. Thank you. Thank you, Mag- Sorry for that, sir. Thank you much, sir. Ladies and gentlemen, as a reminder, if you have any questions, please do press star one at this time. We'll now move to Tomas Hedrick of Searchlight Capital. Please go ahead. Sure. So the contracts that are on page one of the presentation, those were all previously announced contracts? And kind of to follow up on the last person asking questions, so have there been new contracts that you know, post-3/31, that haven't been announced, or there seems to be some confusion out there in the market. Some folks are saying that Floatel didn't have any new contracts in the first quarter of 2024, yet there's you know, three contracts here and a letter of intent. So I'm just trying to get some clarity on that. The new contract is what we have secured in the quarter. I mean, the Brazilian contract was finally ratified in the first quarter. The Hexo contract was signed in January. And the contract we have for the undisclosed client in Australia was signed in the quarter. And also the letter of intent for Floatel Endurance was also finalized and negotiated during the quarter. So these are new contracts. Although we may have communicated some of these before that we were negotiating this, but it's still not been on the schedule. To clarify, most of these contracts were secured early in the quarter. Right. That meant that when we, when we had the quarter for quarterly, audio cast, they were all mentioned as events after the reporting period. Now, they are mentioned as part of the reporting period. That was seen together with the quarterly report last time. Okay. And a second question is, so what's the status of Reliance and bringing that out? We are still considering it. We are still in discussions with the shipyards. We haven't taken that final decision what to do with the Floatel Reliance, but we are continuing that work. But I have postponed the decisions likely, so we have nothing, no real update to provide you on the Floatel Reliance as of today. Okay. Thank you. Thank you. Thank you, Mr. Hedrick. Ladies and gentlemen, as a final reminder, if you have any questions or follow-up questions, please do press star one. We do not appear to have any further questions at this time. Mr. Jacobsson, I turn the call back over to you for any additional or closing remarks. Thank you. Okay. Thank you very much, and thank you for listening on this quarterly call, and I look forward to seeing you at the next call. Thank you very much, and goodbye for now. Thank you very much. Ladies and gentlemen, that was through today's presentation. We thank you for your attendance. You may disconnect. Have a good day and goodbye.
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