Akastor ASA 2026年第二季度财报及电话会议纪要

发布时间：2026-08-21 一、AI总结内容 一、核心要点 1. Akastor第二季度已完成HMH上市、Scandia Emerald出售等操作，董事会批准每股1.5挪威克朗现金分红，为连续第五次季度分红2. HMH上市后估值采用收盘价，占公司总资产约60%，其调整后EBITDA达3400万美元，利润率20%，订单需求强劲，订单与营收比达1.23. 完成Nes融资6.5亿美元高级担保债券，用于再融资及股东资本重组（最高3.5亿美元），DDS Offshore出售Stingray Marine获利2300万美元4. 本季度末净现金增至5.4亿挪威克朗，总可动用流动性5.6亿挪威克朗，已取消3000万美元旧公司信贷安排，拟新设上市挂钩信贷安排二、投资与战略 1. 公司逐步从价值创造转向价值兑现及股东回报，HMH、Nes、DDS等投资均推进价值实现，未来决策基于市场状况，无强制出售时间要求2. NES完成Halyard收购，拓展技术服务业务，Arc of Shore运营稳定，船队利用率高，DDV Offshore仅剩余1艘船，将保障运营并优化退出价值 三、风险与关注 1. HMH股价波动会影响公司财务，DDV现金头寸受营运资金季节性波动影响需关注2. Nes资本重组及价值兑现需满足条件，Arc of Shore再融资计划需完成，DDSOffshore剩余船只续约需关注 四、后续计划 1. 拟于2026年下半年完成Arc of Shore再融资，目标2026年第三季度末咨询安排到期，继续评估价值兑现时机，第三季度业绩展示将于11月举行 二、音频原文（转写） Good morning and welcome to the presentation ofaucoster's second quarter results my name is evan puski cfo and i am going to day by our c e o kare chevsta.As in the previous quarter our presentation now includes less detailed coverage of age and age as that now is a listed company reporting independently their cue to them cast replayand transcript are available on their websitewewill take questions at the end of the session and we may submit them at any time through the online q and a function.To start color will take you through the key developments of the quarter colour over to you.Thank you evini'm good morning and thank you all for joining us this morning.Iwas thought that he highlight has mentioned foreven before briefly taking true over the portfolio and also over ownership agendathat's move the slide toosecond quarter marks another important step in a cost of transition from value creation to value realization and shareholder distribution we are pleased to announce that the board has approved a cash dividend of nook seal upon fifty per share supported by the proceeds from thesale of scandi emeronin fact this represents ofa fifth consecutive courtly distribution to shareholdersthe h m h ipo was completed in april reducing a cost ownership to thirty six per cent and contributing significant cash proceeds to a custer during the quarter.Hmh also delivered a solid operational and financial performance with adjusted abetta of u s dollars thirty four million corresponding to twenty per cent margin and astrong order in take representing a book to billrachel of one point two supporting managementsincreased activity and expectations for thesecond half of twenty twenty six.Ark of shore continued to deliver stable operations across the fleetsupported by strong invisation and operationalperformancefor near sacroft an important milestone was reached off the quarant with a successfulplacement of the new u s dollar six hundred andfifty million senior secured bondthe transaction supports refinancing and a plan shareholder recapitalization of up to u s dollars treatment offifty million an accostal expects to receive its share of cash proceeds available to shareholders true doubt recapitalisation but subject to remaining conditions and approvald d v offshore also continuous relation process completing the mansion sale of strand moral in june for you a stole twenty three million.犯罪this is also the firstquarter where we present a fair value adjustedlove the key change is h m h which is now listedand can be valued based on the closing share pr ice at the end of the quarter all orderedness continue to be reflected as book value as h m h represent their own sixty per cent of cross acid value.Chair price boys a clear and most of reference.For a significant part of the portfolio making an inob a more relevant master going forwardnot as a value amounted to four point seven billion at the end of the june and that corresponds to nook seventeen point three per share.Even would take you through more details later regardingthis in the presentation.Let's move the slide for the portfolio over you.The portfolio is largely unchanged from the previous quarter with h m xas a listed investment following the ipo complete in aprilit made remains of the largest investment that across the holding an economic impressof thirty six point three per cent a slight adjustment to the thirty six point two used in thesecond quarter based on the actual share count per due.Necroft remains an important financial investment and a costa here continues to hold in this estimated economic interest of iran fifteenper cent.Uncle's offshore remains at sixty six point seven per cent old investment while degreeoffshore is now down to only one remaining vessel following the sale of scandy atlantic earlierthis year and spani emiral in june.In addition we continue to hold out some smaller investmentsin aquales foreign energy service and equality technique which provides further optionality butrepresents a smaller share of our total values? Let's take a look at some of the potatofolio companies starting out with hm h at slide five.Forthe second quarter hmm reported revenues of ureste one and an adjusted every day of u s dollar thirty four million corresponding to twenty per cent m