Good morning, everyone, and welcome to Ocean Yield's first quarter earnings presentation. As usual, I will start today's presentation with the highlights of the quarter and go through the changes to the portfolio. Then our CFO, Eirik Eide, will take us through the financials and the financing activity of the quarter. The presentation will be concluded with opening up for questions. If you would like to ask a question, please use the Q&A function. Let me start off on page two. Q1 has been an active quarter for Ocean Yield, and we are reporting another quarter with stable financial performance. We report an EBITDA adjusted for finance lease effects of $91.6 million and a net profit of $18.3 million. The difference compared with the net profit in Q4 2024 was primarily driven by a net negative change in foreign exchange losses and fair value of derivatives. Eirik will come back to this. We ended the first quarter with $137.3 million in cash and available liquidity under the revolving credit facilities of $63.8 million, bringing total available liquidity to more than $200 million. The balance sheet remained strong, and the equity ratio was 31.7%. At quarter end, the EBITDA backlog was $4.1 billion, and the average remaining contract duration is still exceeding 10 years. Q1 and the following period have been an active period on the transaction side, and we have, during the period, increased our ownership stake in France LNG Shipping, invested in two Suezmax tankers with long-term charters to Nordic American Tankers, and agreed to amend and extend the lease for three vessels already in place with Nordic American Tankers. I will cover the details of these transactions on the following pages, but first, let us move to page three for a summary of the portfolio at the end of the first quarter. Including the 12 LNG vessels in the France LNG fleet, the fleet now counts 66 vessels at quarter end, with an average age of just around five years. The EBITDA backlog at the end of the quarter was $4.1 billion, and 100% of the fleet remains employed on long-term charters. The investment in France LNG has significantly increased the diversification of the backlog, and LNG and gas carriers are now making up 27% of the backlog. Let us move to page four for more details on the France LNG transaction. Post quarter end, Ocean Yield have agreed to purchase Access Capital Partners' share in Geogas LNG. This transaction will increase Ocean Yield's indirect economic interest in Geogas LNG's subsidiary, France LNG Shipping, from 34% to 45%. Since joining Geogas LNG as a shareholder in December, we've been impressed by the high quality of the France LNG platform. We are therefore enthusiastic about increasing our shareholding and to continue the long-term partnership with NYK and Geogas Maritime. The transaction will add approximately $250 million to the EBITDA backlog, and closing is expected during the second or third quarter, subject to certain customary conditions. The transaction will be funded with available liquidity. Moving to page five for more details on the transactions with Nordic American Tankers. We continue our support to Nordic American Tankers in their fleet renewal efforts, and during the first quarter, we have invested in two Suezmax tankers with eight-year charters to Nordic American. Also, post quarter end, we have agreed with Nordic American to amend and extend the lease for Nordic Aquarius and Nordic Cygnus, where Nordic American had previously declared the purchase options. The transaction also involves Nordic Tellus, and all vessels will, upon closing, which we expect to occur during the second quarter, commence new eight-year charters. In sum, these two transactions will add approximately $260 million to the backlog and bring the number of vessels financed by Ocean Yield to eight. Moving on to page six for other changes to the portfolio. During the quarter and post quarter end, we have taken delivery of seven new vessels, two Suezmax tankers, and five new builds. The Brilliant Future was delivered from the yard on January 14, and she commenced the 15-year bareboat charter to Braskem. The second vessel in the series is expected to be delivered during the third quarter. Four Newcastle Max newbuild vessels from CMB have been delivered and commence the 15-year bareboat charters to CMB. The remaining two newbuilds in the series are expected within the coming months. Purchase options have been declared for Hafnia Azotic, which will be delivered to the new owner during the third quarter, and the VLCCs on charter to International Seaways, which will be delivered to their new owner during the fourth quarter. Finally, during the quarter, the dry bulk vessels Interlink Fortuity and Interlink Celerity have been delivered to their new owners following previously declared purchase options. I think with that, I'd like to hand the word over to Eirik, who will take us through the financials and the financing activity of the quarter. Thank you, Andreas. As usual, let me start with taking a look at the financial snapshot of the company as of the first quarter. We have recorded EBITDA of $51.4 million and adjusted EBITDA of $91.6 million. Net profit for the quarter was $18.3 million, and the Board of Directors has not declared a dividend for this quarter. We had available liquidity of $201.1 million, and the equity ratio stood at 31.7%. Let us move on and take a look at the headline figures of the income statement. Overall, we have recorded total revenues of $56.6 million, which is up from $56.1 million in Q4. More specifically, operating lease revenue was $19.2 million compared to $19.5 million in Q4. Finance lease revenue was $30.7 million compared to $29.6 million in Q4. Income from our joint ventures was $5.7 million compared with $4.8 million in the fourth quarter. Now, the increase here is mainly driven by the higher income from the investment in Geogas LNG. We had other income of $0.9 million, and this is mainly related to one-off gains related to these lease modification effects for two tankers and one chemical tanker, where the purchase options have been exercised, and also from delivery of one gas vessel during the quarter. That brings us to an operating profit of $45.6 million for the quarter compared to $43.9 million in Q4. Financial income was $4.8 million, and that is compared with $4.7 million in Q4, so more or less in line. In addition to that, we had interest on cash deposits, and this also includes interest on pre-delivery loans to CMB for the Newcastle Max newbuildings and interest on shareholder loans related to the Geogas LNG investment. Overall interest expenses were $29 million for the quarter, which is up from $28.7 million in Q4. We have foreign exchange movements and change in fair value of derivatives, which are related to our bond loans in Norwegian kroners, and these are all non-cash items. This was in total negative with $2.8 million in Q1 compared to a positive effect of $5.9 million last quarter. In essence, this is the main driver for the variation in net profit compared to last quarter. If we adjust for these effects, the underlying net profit would have been $21 million this quarter compared to $19.9 million in Q4. Overall, the quarter ended with a net profit of $18.3 million compared to $25.8 million in Q4. If we then move on and look at the historical adjusted EBITDA for the company, and this is actually the cash EBITDA that we receive under our lease agreements, and this was $91.6 million in the quarter compared to $86.9 million in Q4. Now, in addition, in order to fully reflect the investment in Geogas LNG, we have included also the interest on shareholder loans in the investment in this figure, since this is partly invested as equity and partly as shareholder loans. So as you can see here in this slide, how the adjusted EBITDA compares with the historical development back to 2022. If we then turn to the balance sheet, we had total assets of $2.4 billion, which is up from $2.3 billion in Q4, and this is mainly due to delivery of vessels and two tap issues in the bond market, which I will come back to. On cash and cash equivalents, that was $137.3 million compared to $110.6 million last quarter. In addition to that, we have undrawn credit lines of $63.8 million, which brings the total available liquidity to $201.1 million. Further on the balance sheet, book equity was $771 million compared to $723 million in Q4. Overall, we ended the quarter then with an equity ratio of 31.7% compared to 31.2% in Q4. Let us move on to look at financing initiatives. We have mentioned the financing of the LR1 new buildings before, and since our last report, we have now signed loan agreements for two of the four new buildings and expect the final two to be signed within the second quarter. In addition, we have signed loan agreements for the two Suezmax vessels that were acquired and chartered to Nordic American Tankers in the first quarter, and this loan was drawn upon delivery of the two vessels, and that happened after the end of the quarter. As a general comment, we can see that we continue to see attractive terms in the bank market with continued downward pressure on margins. On the bond side, we were in the market in this quarter with two separate transactions. First, we did a tap issue on OCY10, which is the hybrid perpetual bond, where we raised $35 million with an implied margin of 4%. This is accounted for as equity under IFRS. Following this transaction, the total outstanding amount under OCY10 is now $110 million. A few days later, we raised another NOK 300 million in the unsecured bond loan OCY09 with an implied margin of 2.75%. This loan has maturity in 2028. These transactions brought us to a total liquidity position of just over $200 million at the end of the quarter. We have a strong liquidity position and a strong balance sheet and are well positioned to meet our future obligations. With that, I give the word back to you, Andreas, to summarize. Thank you, Eirik. Let me summarize the quarter on page 11. This year has started well, and at Ocean Yield, we remain busy. The portfolio of long-term leases to leading counterparties continued to perform well. We maintain a strong balance sheet with ample available liquidity. Our access to capital in both the bond and banking markets remains strong, and we would like to thank our creditors for their continued support. On the back of increased macro and political uncertainty and the rising tension between the U.S. and China, we have experienced increasing demand for traditional sale and leaseback transactions. As such, we remain constructive for the remainder of the year as shipping and freight markets continue to normalize. With that, I would like to thank you for watching the Ocean Yield Q1 earnings presentation, and I would now like to open up for questions. If you would like to ask a question, please use the Q&A function. Andreas, we have received a few questions this morning. The first is, during the quarter, did you experience any changes to market dynamics, both financially and operationally, from the changes to regulatory and financial landscape? Okay. Clearly, you know the world is ever-changing, and we have indeed experienced, I would say, an increasing amount of uncertainty. I think it's fair to say that increased volatility and increased uncertainty have a tendency to increase cost of capital for our existing and our potential clients. As such, we have indeed experienced an increasing demand for, call it, conventional sale and leaseback transactions. I think with respect to geopolitical uncertainty, clearly, the increasing tension between particularly sort of U.S. and China has, I would say, also resulted in several players that previously have used China as a dominating source of financing that they are now seeking other sources of financing, which could include sale and leaseback. I think with respect to tolls and tariffs, etc., I think it's still early days, and we do see that the first proposals that were out for hearing have been significantly moderated. We are clearly sort of monitoring this. I must say that shipping industry overall has proven, I would say, unique ability to adapt and to basically change. We are monitoring that, but so far, sort of no material implications on our business, bearing in mind that predominantly our business is bareboat charters, meaning that we do not have any operations as such. Okay. Thank you. The second question is related to the NAT transaction. Do you expect to do more amend and extend exercise that you did on the three Suezmaxes to NAT to be applicable to other future cases? Is this something you will strive for going forward? I think we've said many times before that we do have a continued ambition to continue to grow and develop the business. I've always said that by partnering with the right clients, one of the best ways of growing is to grow with your clients, and that also means maintaining the clients. Absolutely, if we can find transactions that are sort of mutually beneficial and where we can keep clients instead of them sort of buying the vessels back through utilizing the purchase options, that's something that we would seek to explore, absolutely. Good. The next question is related to the France LNG Shipping investment. What are your ambitions for that platform, and should we expect this platform to grow the fleet in the future? Let me start with saying that since becoming a shareholder in France LNG in December, we are very impressed by the team and also very pleased with the cooperation with Geogas and with NYK. I think primary focus going forward is to take delivery of the five new builds that are currently under construction. That said, we're also, I'd say, exploring and working closely with Geogas and NYK, also looking into potential other transactions or additional growth to the platform. If we find the right transaction, absolutely, yes. Good. Also, another question. It seems to have been yet another active quarter on the financing side. What do you see now in terms of margins and general terms on the senior financing you achieve? Sounds like a question. Sounds like a question Sounds like a question for you. That's probably for me. I think I have to say that we are continuing to see attractive terms on the financing side. It's downward pressure on margins. We continuously work with between 25 and 30 banks on the financing side, and we are still seeing very attractive margins on the financing. I mean, maturity may vary from five to ten years, but overall, the last couple of years, we have seen margins probably reducing somewhere between 30 and 50 basis points on the margin side. Still a very attractive banking market for us. I think that was the last question we have received, so I'll give the word back to you, Andreas. Thank you, Eirik. If there are no further questions, that concludes today's Q1 presentation, and I would like to thank all of you for watching.
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