4Q12 - Oslo 140213

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2012 tank terminal presentation.
  1   Fourth Quarter 2012 Results Preliminary full year Oslo  –  14 February 2013  2 Agenda  ã Highlights ã Financials ã Operational review ã Market update and prospects ã Summary ã Q&A Session  3 Highlights  ã EBITDA of USD 17 million reflects both a continuing weak chemical tanker market and still significant losses at Odfjell Terminals (Rotterdam) ã Slightly stronger time-charter results as compared to third quarter, but still unsustainable 0501001502002503003500203040506070809101112    U   S   D  m   i   l   l Annual EBITDA  – actual ownership Chemical tankersTank terminals Highlights 05010015020002 03 04 05 06 07 08 09 10 11 12 13    I  n   d  e  x   1   9   9   0  =   1   0   0 ODFIX  4 Highlights  ã Two new NOK bond issues raised total proceeds of USD 124 million ã Letter if Intent signed with Lindsay Goldberg to expand existing partnership to include essentially all tank terminal assets Highlights ã Stable tank terminal earnings, with the exception of Odfjell Terminals (Rotterdam). The latter delivered negative EBITDA of USD 9.8 million compared to a negative EBITDA of USD 20 million in the previous quarter. The re-commissioning project at Odfjell Terminals (Rotterdam) is slightly delayed relative to earlier plans
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