Included in this presentation are various "forward-looking statements", including statements
regarding the intent, opinion, belief or current expectations of the Company or its management with respect to, among other things, (i) goals and strategies, (ii) plans for new development, (iii) marketing plans, (iv) evaluation of the Company's markets, competition and competitive positions, and (v) trends which may be expressed or implied by financial or other information or statements contained herein. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other facts that may cause the actual results, performance and outcomes to be materially different for any future results, performance or outcomes expressed or implied by such forward-looking statements. These factors include in particular, but are not limited to, the matters described in the section "Principal Risks" (p. 60 et seq.) in the most recent annual report available at www.stolt-nielsen.com.
Third-Quarter 2022 Results
2
Agenda | 3Q22 Results
Stolt-NielsenLimited
Stolt Tankers
Stolthaven Terminals
Stolt Tank Containers
Stolt Sea Farm
Stolt-NielsenInvestments
Financials
Q&A
Third-Quarter 2022 Results
3Q22 Highlights | Net Profit Improved Further
3Q22 vs. 2Q22
OPERATING REVENUE
EBITDA
$ 744.0m p
$ 184.4m p
$ 689.1m
$ 176.4m
OPERATING PROFIT
NET PROFIT
$ 111.9m
p
$ 74.7m
p
$ 111.9m
$ 58.6m
FREE CASH FLOW*
NET DEBT TO EBITDA
$140.4m p
3.09x
p
$ 86.1m
3.44x
*Cash from operations less cash used for investing activities
Net Profit of $74.7m, up from $58.6m in 2Q22
EBITDA of $184.4m, up from $176.4m mainly driven by:
Improved results at Stolt Tankers due to higher spot rates;
Lower results in Stolthaven Terminals as a result of one- offs on maintenance and facility costs;
Marginally lower results at Stolt Tank Containers, as higher shipments and demurrage revenue were offset by lower margins;
Excluding FV, operating results at Stolt Sea Farm improved, driven by higher sales prices for turbot and sole; and
Higher cost at Corporate due to higher benefits accrual;
Free Cash Flow increased to $140.4m, up from $86.1m, as a result of higher cash from operations, lower working capital, lower interest expense payments and $20m in dividends from JVs
$568.5m available liquidity at quarter-end, up from $449.7m in previous quarter, ahead of scheduled repayment of $175m bond
Third-Quarter 2022 Results
4
Net Profit | Solid Performance Across All Businesses
Third-Quarter 2022 Results
5
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Stolt-Nielsen Ltd. published this content on 06 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2022 12:31:03 UTC.
Stolt-Nielsen Limited is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture. The Companyâs portfolio consists of its three global bulk-liquid and chemical logistics businesses: Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers, Stolt Sea Farm and various investments. The Companyâs segment includes Tankers, Terminals, Tank Containers, Stolt Sea Farm and Stolt-Nielsen Gas. Stolt Tankers operates a fleet of chemical tankers, providing global transportation services for bulk-liquid chemicals, edible oils, acids and clean petroleum products. Stolthaven Terminalsâ global terminal network provides safe, storage and distribution services for chemicals, clean petroleum products, gas, vegetable oils, biofuels and oleochemicals in key markets and hubs worldwide. The Stolt Tank Containers is a provider of logistics and transportation services for door-to-door shipments of bulk-liquid chemicals and food-grade products.