EXMAR : Half year report 2021

HALF YEAR REPORT

EXMAR

2021

Financial overview

YEAR REPORT 2021

Consolidated key figures

International Financial	Management reporting based
Reporting Standards (IFRS)	on proportionate consolidation
	(1)		(2)
30/06/2021		30/06/2020	30/06/2021		30/06/2020

CONSOLIDATED STATEMENT OF PROFIT OR LOSS (IN MILLION USD)

EXMAR HALF

2

Revenue

EBITDA

Depreciations and impairment losses Operating result (EBIT)

Net finance result

Share in the result of equity accounted investees (net of income tax) Result before tax

Tax

Consolidated result after tax of which group share

107.9	89.0	159.1	139.0
61.0	37.7	93.1	69.7
-35.0	-33.3	-47.2	-50.5
26.1	4.5	45.9	19.2
-5.3	-5.2	-11.0	-12.5
13.1	7.0	-1.0	-0.5
33.9	6.3	33.9	6.3
-1.2	-1.9	-1.2	-1.9
32.7	4.4	32.7	4.4
32.7	4.4	32.7	4.4

INFORMATION PER SHARE (IN USD PER SHARE)

Weighted average number of shares of the period	57,226,737	57,226,737	57,226,737	57,226,737
EBITDA	1.07	0.66	1.63	1.22
EBIT (operating result)	0.46	0.08	0.80	0.34
Consolidated result after tax	0.57	0.08	0.57	0.08
INFORMATION PER SHARE (IN EUR PER SHARE)
Exchange rate	1.2089	1.1039	1.2089	1.1039
EBITDA	0.88	0.60	1.35	1.10
EBIT (operating result)	0.38	0.07	0.66	0.30
Consolidated result after tax	0.47	0.07	0.47	0.07

(1): The figures in these columns have been prepared in accordance with IFRS as adopted by the EU.

(2): The figures in these columns show joint ventures applying the proportionate consolidation method instead of applying the equity method.

These amounts agree with the 'Total' column of Note 4 'Segment reporting' in the Financial Report per 30 June 2021.

A reconciliation between the amounts applying the proportionate method and the equity method is included in Note 5 of the Financial Report per 30 June 2021.

Key ratio's

in MUSD on 30 June 2021 (based on proportionate consolidation method)

REVENUE

159.1

139.0

2021 2020

EBIT

45.9

19.2

2021 2020

REBITDA

66.0

35.7

2021 2020

REVENUE PER SEGMENT

81.8

68.7 67.2

56.1

					19.8
				14.1
2021	2020	2021	2020	2021	2020
Shipping	Infrastructure	Services

REBITDA PER SEGMENT

35.3	34.0	3.7	33.1	-3.3	-1.1
2021	2020	2021	2020	2021	2020
Shipping	Infrastructure	Services

BASIC EARNINGS

PER SHARE3 (IN USD/SHARE)

0

5

0.57

0

5

0.08

0

2021 2020

• The following non-recurring revenue items are excluded from EBITDA in 2021: early termination fee for the FSRU S188 charter agreement by Gunvor (Infrastructure: USD 56.8 million) and other cancellation fees at Services (USD 0.5 million).
• In 2020, the non-recurring items related to license fee income (Infrastructure: USD 0.1 million) and the cancellation fee from Excelerate Energy (Services: USD 3.6 million).
• REBITDA: recurring earnings before interests, taxes, depreciations, amortizations and impairments.

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