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Investor Presentaiton

Cash flow - 30.09.2020¹ - Odfjell Group Cash flow, USD mill Net profit Adjustments Change in working capital Other Cash flow from operating activities Sale of ships, property, plant and equipment 1Q20 2Q20 3Q20 YTD20 FY19 (4.5) 31.1 3.7 30.3 (35.9) 41.9 32.9 38.2 113.0 147.5 (1.5) 3.1 (10.1) (8.5) (7.3) (4.2) (13.0) (1.7) (18.9) (5.6) 31.7 54.1 30.1 115.9 98.7 4.1 - 4.1 2.0 Investments in non-current assets (47.6) (54.4) (48.2) (150.2) (146.8) Dividend/ other from investments in Associates and JV's - 1.4 - 1.4 20.7 Other 2.3 1.6 (0.5) 3.4 0.8 Cash flow from investing activities (41.2) (51.4) (48.7) (141.3) (123.1) New interest bearing debt 71.1 61.4 127.9 260.4 369.9 Repayment of interest bearing debt (27.4) (24.3) (101.7) (153.4) (367.2) Payment of operational lease debt (12.1) (12.4) (13.5) (38.0) (44.9) Dividends Repayment of drawing facilities - (50.0) (50.0) Cash flow from financing activities 31.6 24.7 (37.3) 19.0 (42.2) Net cash flow* 20.4 27.3 (55.9) (8.2) (67.0) Opening cash and cash equivalents 100.8 121.1 148.4 100.8 167.8 Closing cash and cash equivalents 121.1 148.4 92.4 92.4 100.8 * Equity method and after FX effects 54
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