Floatel International Ltd: Third Quarter Interim Report and Presentation

Oslo – November 16, 2023 – Floatel International Ltd (“Floatel”) presents its consolidated financial statements for the third quarter of the financial year 2023.

• The third quarter fleet utilization was 57%. The total firm contract backlog (excluding options) was approximately USD 313 million as of September 30, 2023.
• The Group was awarded four new contracts in the quarter, two in the UK starting 2024, one in Australia and one in Canada, commencing in 2025. The Group has also received a letter of intent for a long-term charter commencing in 2024.
• USD 43.2m Revenues and USD 15.6m Recurring EBITDA in the quarter.
• Floatel Superior ended the charter for Vår Energi at the Balder field in Norway.
• Floatel Triumph moved from Woodside at the Pluto A Platform to Shell Prelude FPSO early August, both in Australia.
• Floatel Victory on charter for Chevron, at the Anchor field in the US GoM.

Management will host a conference call later today, at 14.30 CET, to present the results. Interested persons can register using the details provided on the website https://floatel.no/investors

For further information, please contact:
Peter Jacobsson, CEO
Tel: +47 46 50 01 33; Mob: +47 934 00 232
Tomas Hjelmstierna, CFO
Tel: +47 46 50 01 33; Mob: +47 934 00 381
Download Q3-2023 Report here
Download Q3-2023 Presentation here