Aker Solutions Earnings and Corporate Presentation
Cashflow and Financial Position (per 1Q 2019)
■ Cashflow from operations at minus NOK 303 million
■ Working capital¹ at NOK 248 million, and minus NOK
62 million when excluding the effects of IFRS 16
■ Net interest-bearing debt² NOK 940 million
and leverage 0.5x
■ Gross debt² of NOK 2.9 billion
■ Available liquidity NOK 6.9 billion
(cash NOK 1.9 billion and RCF NOK 5.0 billion)
Working Capital¹ NOK million
1,000
500
0
-500
-1,000
-1,500
-2,000
1Q 17 2Q 17 3Q 17
4Q 17 1Q 18 2Q 18 3Q 18 4Q 18
1Q 19
1 See definition under Alternative Performance Measures in the Appendix
Debt Maturity Profile ² NOK million
6,000
4,000
Drawn debt Undrawn revolving credit facility
5,000
2,000
1,525
1,069
148
148
0
2019
2020
2021
2022
2023
2,028
1,686
Net Interest-Bearing Debt and Leverage² NOK million, x times
Bank Covenant 3.5x
2,500
3.5x
3.0x
2,000
2.5x
1,500
2.0x
1.4x
968
970
1.2x
940
1.5x
1,000
0.8x
0.7x
475
1.0x
500
247
0.2x
405
03x
347
0.5x
0.2x
0.5x
0
1Q 17
2Q 17
3Q 17
0.0x
4Q 17 1Q 18 2Q 18 3Q 18 4Q 18
2 Excluding the effects of IFRS 16 as covenants are based on frozen GAAP
1Q 19
2019 Aker Solutions
May 16, 2019 Slide 31
Aker SolutionsView entire presentation