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Eidesvik Offshore (EIOF) investor relations material
Eidesvik Offshore Pareto Securities' 32nd Annual Energy Conference Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Company overview and strategy
Operates 16 vessels, including two under construction, with 437 employees as of end FY2024.
Focuses on supply, subsea & offshore, and wind segments, with a contract backlog of MNOK 3,391.
Strategic priorities include leadership in green PSV, expanding offshore wind presence, and forming long-term partnerships.
Emphasizes long-term positive cash flows and profitable contracts.
Fleet and technology initiatives
Two new state-of-the-art vessels entering the market in 2026 and 2027, both secured on long-term contracts and equipped with advanced green technology.
"Viking Energy" will be the world’s first ammonia-powered PSV, reducing greenhouse gas emissions by over 70%.
Implementation of energy efficiency solutions, including advanced heating/cooling systems and transit optimization, with significant LNG savings.
Fleet includes LNG dual fuel, battery hybrid, and methanol dual fuel vessels, supporting the energy transition.
Partnerships and joint ventures
Joint ventures with Subsea7 (Seven Viking), Reach Subsea (Viking Reach), and Agalas (two CSVs under construction), all with long-term contracts and management control.
Partnerships are central to expanding subsea and IMR capabilities and securing vessel utilization.
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