BW LPG
ANNUAL REPORT
2019

FINANCIAL PERFORMANCE

    2019
US$ million
2018
US$ million

US$399m

EBITDA
US$295m YoY
Results
TCE income
EBITDA
NPAT
 
547
399
274
 
301
104
(72)
  Balance Sheet    

US$274m

Net profit after tax
US$346m YoY
Vessel net book value
Total assets
Total cash and cash equivalents
Total borrowings and lease liabilities
Shareholders' equity
1,904
2,549
112
1,282
1,177
2,006
2,260
50
1,235
984
  Cash Flows    
Operating
Investing
Financing
Available liquidity (including undrawn facility)
322
50
(329)
294
89
76
(172)
215

US$118m

Total dividends paid
Per Share Data US$ US$
Earnings per share
Net asset value per share
Dividends per share
1.97
8.31
0.85
(0.51)
7.01
-

US$19,560

NPAT breakdown per day
US$443 per day YoY
Per Day Costs    
Vessel calendar days
OPEX per day*
NPAT breakeven per day **
16,450
7,225
19,560
16,987
7,307
20,003
  Ratios    
Earnings Yield
Return on Equity
Return on Capital Employed
EBITDA Margin
Leverage Ratio
23.5%
25.3%
13.9%
72.9%
52.1%
(16.9%)
(7.0%)
(1.1%)
34.6%
55.5%

* Only for owned and bareboat-in vessels
** Adjusted for impairment charge / write-back of impairment charge on vessels, negative goodwill, and gain on derecognition of right-of-use assets

BW LPG ANNUAL REPORT 2019

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