Q1 2024 BW Offshore Ltd Earnings Presentation Transcript

May 24, 2024 / 07:00AM GMT
Presentation
May 24, 2024 / 07:00AM GMT

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Corporate Participants
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* Marco Beenen
BW Offshore Ltd - Chief Executive Officer
* Stale Andreassen
BW Offshore Ltd - Chief Financial Officer

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Marco Beenen - BW Offshore Ltd - Chief Executive Officer

Good morning and welcome everyone. My name is Marco Beenen, CEO, and I'm pleased to present you our first quarter 2024 results of BW Offshore in this conference call. And I'm doing that together with our CFO, Ståle Andreassen. And at the end of this presentation, we will be happy to address any questions you may have. And for that, you can use the Q&A module already during this call.

Please note our disclaimer. Starting with the highlights, the BW Opal FPSO for the Barossa project remains on track. We continue with our quarterly cash dividend of USD11 million. And we're maintaining our full year 2024 EBITDA outlook. And that's underpinned by first quarter EBITDA of USD86 million, operating cash flow of USD91 million, and a

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