Net Income Group share up 174% to €115 million
Increased operating margin1 and capital gains generated €575.7 million EBITDA, up 41.7% compared to 2012

  • EBITDAR2 (excluding capital gains) reached €450.3 million (+17.6%), an increase of 2.1 pts to 34.3% of revenues
  • Positive free cash flow generation of €449.7 million for the year, including vessel sales
  • Net debt reduced by €449.4 million compared with June 30, 2013, to €1,741.1 million
  • Foreign exchange rate movements negatively impacted full year results by approximately €53 million
  • Shallow water operating margin increased by 4.3 pts to 31.5% of revenues with 100 Bourbon Liberty series vessels in operation
  • Targeting revenue growth of 8-10% and a slight improvement of the EBITDAR/Revenues ratio in 2014
  • Proposed dividend payment of €1.00 per share to shareholders, a 34% increase compared with 2012

1 Operating margin = EBITDAR (excluding capital gains) / revenues
2 EBITDAR = EBITDA excluding capital gains and before bareboat charter costs

“2013 revenues of more than €1.3 billion and a net income Group share of €115.0 million, a complete range of 485 vessels with an average age of 6.2 years and the broad geographical reach of its activities makes BOURBON a leader in the offshore marine services industry”, says Christian Lefèvre, Chief Executive Officer of BOURBON. “2013 was highlighted by the entry into service of 38 new vessels, an increase in the contractualization rate of the fleet and a significant improvement in operational performance.”

 

Watch the conference

2013 Annual Results (duration : 1 min)

Financial performance (duration : 14 min)

Laurent Renard, Executive Vice President, Chief Financial Officer

Activities (duration : 18 min)

Gaël Bodénès, Executive Vice President, Chief Operating Officer

Outlook (duration : 18 min)

Christian Lefèvre, Chief Executive Officer

Questions & Answers (duration : 32 min)