FLEX LNG Ltd (FLNG) 2022 Q4 法說會逐字稿

Hi, everybody, and welcome to Flex LNG's fourth quarter highlight with you. Let's review the results. Revenues in the quarter came in at $98 million, in line with previous guidance of $95 million to $98 million. Net income and adjusted net income came in at $41 million and $55 million, respectively, were the main difference is that we realized gains of $14 million on derivatives during the quarter. Earnings per share and adjusted earnings per share came in at $0.78 and $1.02, respectively. In November last year, we also announced extension of -- time charters of 3 ships with Cheniere, where we added a minimum of 14 years of contractual backlog to an already sizable backlog. We today also announced completion of the balance sheet optimization program with refinancing secured for the last 3 ships in our fleet. In total, our balance sheet optimization program will release a total net cash proceeds of $387 million altogether. Guiding for next quarter -- first quarter revenue is expected to be at around $90 million to $93 million as we are carrying out our first dry-docking of Flex Enterprise at the end of Q1. For the total year 2023, we do expect our revenues to increase by about $20 million, driven by higher time charter equivalent earnings, which we expect to be at around $80,000 per day for 2023 compared to $72,800 for 2022. So our revenues will grow despite us carrying out dry-docking of a total of 4 ships with associated off-hire during this year. EBITDA is also expected to grow at around $20 million, in line with our revenue increase. So for the quarter, we are declaring our ordinary dividend of $0.75 per share, but also a special dividend of $0.25 per share, bringing the dividend altogether to $1 per share and for the full year, $3.75 or about $200 million of dividend for 2022. This gives our investors an attractive yield with current share price about 11%. So that's it for me, folks. Please join our full video webcast at 1500 Central European Time, 9:00 Eastern Standard Time. In our webcast, we will give a full presentation of the market outlook and our financials. So -- and we will conclude with a Q&A session, where you can win our (inaudible). Thank you very much and have a great Valentine's Day.

大家好，歡迎與您一起收看 Flex LNG 第四季的亮點。讓我們回顧一下結果。該季度營收為 9,800 萬美元，與先前 9,500 萬至 9,800 萬美元的指引一致。淨利潤和調整後淨利潤分別為 4,100 萬美元和 5,500 萬美元，主要區別在於我們在本季度實現了 1,400 萬美元的衍生性商品收益。每股盈餘和調整後每股盈餘分別為 0.78 美元和 1.02 美元。去年 11 月，我們還宣布延長與 Cheniere 的 3 艘船的期租合同，在已經相當大的積壓合同基礎上，我們又增加了至少 14 年的合同積壓。我們今天也宣布完成資產負債表優化計劃，並為我們船隊的最後 3 艘船提供再融資。總的來說，我們的資產負債表優化計畫將釋放總計 3.87 億美元的淨現金收益。下一季的指引——第一季營收預計約為 9,000 萬美元至 9,300 萬美元，因為我們將在第一季末對 Flex Enterprise 進行首次幹塢。在2023 年全年，我們預計我們的收入將增加約2000 萬美元，這主要是由於定期租船等值收入增加，我們預計2023 年的收入將達到每天80,000 美元左右，而2022 年為每天72,800 美元。因此，儘管我們的收入將增長，但今年，我們總共對 4 艘船舶進行了進塢，並停租了相關船舶。 EBITDA 預計也將成長約 2,000 萬美元，與我們的營收成長一致。因此，我們宣布本季的普通股息為每股0.75 美元，同時也派發每股0.25 美元的特別股息，使股息總計達到每股1 美元，全年股息為3.75 美元，即2022 年股息約為2 億美元。這為我們的投資者帶來了有吸引力的收益率，目前股價約為 11%。夥計們，這對我來說就是這樣。請於歐洲中部時間 1500、東部標準時間 9:00 觀看我們的完整視訊網路廣播。在我們的網路廣播中，我們將全面介紹市場前景和我們的財務狀況。因此，我們將以問答環節結束，您可以在其中贏得我們的（聽不清楚）。非常感謝您，祝您情人節愉快。