Good morning, everyone, and welcome to Ocean Yield's Third 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. Starting off on page two, Q3 has again 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 $112.9 million and a net profit of $28 million. We ended the third quarter with $191.5 million in available liquidity. The balance sheet remained strong, and the equity ratio was 30%. At the end of the quarter, the EBITDA backlog was $4.3 billion, and the average remaining charter duration was 9.9 years. Q3 and the following period have also been an active period on the transaction and financing side. We have acquired Cape Omega together with funds controlled by KKR. We have amended and extended the lease agreements for Andreas and Odin Viking with Viking Supply Ships, and we have successfully raised $150 million in a USD-denominated senior unsecured bond and then subsequently called and repaid the NOK 750 million bond OCY08. Let's then move to page three for a summary of the portfolio at the end of the third quarter. Including the ownership stake in the 12 LNG vessels in the France LNG fleet and the 10 LNG vessels in the Cape Omega fleet, the Ocean Yield fleet currently counts 74 vessels, with an average age of just shy of five years. The EBITDA backlog at the end of the quarter was $4.3 billion, and 100% of the fleet remains employed on long-term charters. The investments made into the LNG segments have significantly increased the diversification and the quality and risk profile of the backlog, with investment-grade rated counterparties now making up 39% of the EBITDA backlog. Moving to page four for other changes to the portfolio. During the quarter, the bareboat charters for Andreas Viking and Odin Viking were amended and extended. The charters now run until 2031, and Viking have purchase obligations upon expiry of the charters. The Brave Future was successfully delivered from the shipyard on the 9th of July, and she commenced the long-term charter to Braskem. After quarter end, France LNG Shipping took delivery of Elisa Halicon, who commenced her long-term charter to the investment-grade rated European utility company EDF. The container vessel Mississippi, which is on charter to ZIM Integrated Shipping Services, was involved in an incident at the port of Long Beach on the 9th of September. During the discharge of containers in the port, approximately 95 container boxes fell into the sea. Luckily, there were no major injuries, and the vessel has now resumed operations. All economic exposure related to the incident is expected to be covered by insurance. As previously announced, the acquisition of Cape Omega was successfully closed during the quarter. Cape Omega owned 50% of the equity and 100% of the preferred equity instruments in 10 LNG vessels with long-term charters to the investment-grade rated counterparties Shell, Engie, and QatarEnergy. The remaining 50% equity in the vessels is owned by Knutsen OAS Shipping, who also manage the ships. Seven vessels are delivered, and the remaining three vessels are expected to be delivered during 2025 and 2026 from the shipyard in Korea. The average remaining contract duration of the portfolio is approximately nine years or 16 years if you include the extension options. During the quarter, a purchase option for STI Symphony was declared, and the vessel will be delivered to Scorpio Tankers during Q1 next year. Also, after quarter end, purchase options have been declared for Nissos Rhenia and Nissos Despotiko, and they will be delivered to Okeanis Eco Tankers during Q2 next year. Hafnia Azotic and the six VLCCs on charter to International Seaways were delivered to its new owners during and after the quarter end, following previously announced declared purchase options. I think with that, I would like to hand 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 a financial snapshot of the company as of the third quarter. We have recorded EBITDA of $65.4 million and adjusted EBITDA of $112.9 million. Net profit for the quarter was $28.0 million. Due to a very strong liquidity position after quarter end, following the recent redelivery of the six VLCCs on charter to International Seaways, the board of directors has declared a dividend of $100 million. Now, taking into account the equity issue that we did in the third quarter, the net effect is a dividend of $70 million. This is slightly up from last year when we paid a total dividend of $60 million. At the end of the quarter, we had available liquidity of $191.5 million, and the equity ratio on the balance sheet stood at 30%. Let us move on and take a look at the headline figures of the income statements. Overall, we have recorded total revenues of $71.3 million, which is up from $62.7 million in the second quarter of 2025. More specifically, operating lease revenue was $18.7 million compared to $19.4 million in Q2. This figure is basically in line with the previous quarter. Finance lease revenue was $38.7 million compared to $34.4 million in Q2. The increase here is mainly related to full quarter earnings for the Newcastlemax newbuildings that were delivered last quarter, and also delivery of the gas vessel Brave Future. Income from our joint ventures was $6.8 million, which is up from $5.9 million in Q2. The increase here is mainly due to the increased investment in Geogas LNG that we announced earlier this year. We had other income of $7.1 million, and this is mainly one-off gains related to lease modification effects and also transaction-related income from the completion of the Cape Omega LNG investment. That brings us then to an operating profit of $59.5 million compared to $51.7 million in Q2. Net financial items were negative $30.1 million compared to $28.3 million in Q2. The increase here is mainly driven by higher interest rate expenses as a result of vessel deliveries. Overall, the quarter ended with a net profit of $28 million compared to $22.9 million in Q2. Moving on to the next slide, looking at the historical adjusted EBITDA. This is the cash EBITDA that we receive under our lease agreements and also including interest on shareholder loans to our joint ventures. As you can see on the slide, this was $112.9 million in Q3 compared to $101.1 million in Q2. You can also see from this slide, this is the highest adjusted EBITDA that we have going back to the first quarter of 2022. It is, in fact, the highest adjusted EBITDA in the history of the company, going all the way back to the startup in 2012. Let's take a look at the balance sheet. If we then turn to the balance sheet, we had total assets of $2.8 billion as of Q3, which is up from $2.7 billion in Q2. This is mainly driven by delivery of vessels, drawdown on debt, and also related to these investments that we have talked about. Available liquidity was $191.5 million compared to $98.7 million last quarter. Book equity was $841 million. You may note that we have received an additional $30 million of new equity from KKR during the third quarter. Overall, we ended up with an equity ratio of 30.0% compared to 29.1% in the second quarter. We move on to look at financing initiatives. As usual, it has been an active quarter on the financing side. This quarter and post-quarter end, we have refinanced two anchor handling vessels and also refinanced the container vessel Mississippi. Further, we have completed a new unsecured bond loan of $150 million with five-year maturity. This loan carries a coupon of SOFR plus 325 basis points. Further, we declared a call option on the bond loan OCY08 and repaid this loan in full in September. The nominal outstanding amount on this loan was NOK 750 million. Then finally, as mentioned earlier, KKR injected another $30 million of new equity, and our total liquidity at the end of the quarter was $191.5 million. That concludes my part of the presentation. I hand the word back to you, Andreas. Thank you, Eirik. Let me summarize the quarter on page nine. The portfolio or long-term leases to leading counterparties continue 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, increasing our competitive position. 2025 remains an active year, and as we continue to grow and diversify the Ocean Yield portfolio, now also through M&A. I am very pleased with our collaboration and partnerships with industry leading ship owners in their respective segments, and we remain optimistic and committed to growing these further. With that, I would like to thank you all for watching the Ocean Yield Q3 Earnings presentation, and I would now like to open up for questions. If you do have a question, please use the Q&A function. Yes, thank you. We have received a couple of questions this morning that I will take, Andreas. The first is around the equity issue. You did a $30 million equity issue in Q3, and now you declare a substantial dividend. Can you walk us through the reason for this, and what can we expect in terms of dividend levels going forward? I can start, and then maybe you can add some comments. I think this is a little bit in terms of sequencing of events. We were committing to a large LNG transaction and wanted to make sure that we had the funds in place. The plan was always to go to the bond market. You never know if the bond market is open or closed. You know that tends to have certain windows that you want to sort of focus on. When we saw everything sort of falling into place, we had the sufficient funds, and then we did a call on the OCY08, basically repaying that full bond loan. As I said in my part of the presentation, the net effect of the equity issue and the dividend is a net dividend of $70 million, which is then slightly up from the $60 million we paid last year. I do not know if you want to add some comments. Yeah, and I think when we are talking about dividends next year, I think it is clear that we historically have not provided any guidance. I think that this, again, is a testimony to our capital allocation policy, where really there are three main pillars. One is always maintaining a strong balance sheet. I think in this case, we were conservative and proactive raising the equity issue in the event of the bond markets not being open. Second, once we have secured a strong and robust balance sheet, we will always apply capital towards accretive growth. Finally, if there is any money left, we will pay what we feel are sort of a prudent and conservative dividend level, which I think this case is sort of evidence for. I think one more comment, this shows the strong advantage of being owned by a private capital provider like KKR, where the ability to raise capital is not dependent on the equity markets and the pricing of the equity and the ability to draw down capital and then pay it back at a later stage. Again, sort of a very useful tool to have in a toolbox when you run the business like we're running. Thank you. Second question we have received this morning. Given the recent significant decline in Braskem's financial performance, credit metrics, and bond prices, have you seen any deterioration in their performance on the lease agreements with Ocean Yield? Secondly, what is your strategy for managing counterparty risk in this case? I think as a general comment, I think it's fair to say that overall, the risk-reward in the portfolio remains at very, very healthy levels. At the end of the third quarter, lease to value of the overall portfolio is around 62%. I think as a general comment, our clients are well capitalized. They're making strong profits, and asset values remain very strong. When it comes to Braskem, the situation is somewhat of a different one in the sense that the pet chem industry has been going through a challenging period for some time, and this clearly has affected Braskem's rating. That said, the ships that we have on charter to Braskem are integrated into Braskem's business model, providing feedstock for their pet chem manufacturing facilities. On top of that, the lease to values are at robust levels. As such, we do not expect any challenges or any losses coming out of this situation. I think as we continue and go forward, I think it's important to bear in mind that the combination of seller's credits and steep lease amortization profiles, both for the Braskem leases, but also for the other leases, gradually increase the protection that are built in over time. Yes. Thank you. That seems to be all the questions that we have received this morning. I think with that, if there are no further questions, that concludes today's Q3 earnings presentation. We would like to thank all of you for watching.
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