FLNG Flex LNG Ltd.

Flex LNG - Third Quarter 2023 Presentation

Flex LNG - Third Quarter 2023 Presentation

November 8, 2023

Hamilton, Bermuda

Please find enclosed the presentation of Flex LNG Ltd.’s third quarter 2023 results which will be presented in a live video webcast today at 15:00 CET (9:00 a.m. ET).

In order to watch the webcast, use the following link:

A Q&A session will be held after the webcast. Information on how to submit questions will be given at the beginning of the session.

In conjunction with the quarterly results, we have published a short video in which Øystein Kalleklev, CEO of Flex LNG, discusses the highlights of the third quarter. The video can be accessed through the following link:

The short video and the third quarter 2023 presentation can also be accessed on our website

For further information, please contact:

Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS

Telephone:

Email:

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachment



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08/11/2023

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Reports on Flex LNG Ltd.

Jørgen Lian
  • Jørgen Lian
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FLNG FLEX LNG LTD.

Flex LNG Minor model adjustments

We have updated our estimates for the Q2 results, updated guidance, and announced refinancing. We still see an attractive 2024–2026e dividend yield at 12%, supported by its solid contract backlog mitigating near- to medium-term market risk. We also see upside potential to our average 2024–2026e fleet-wide TCE of cUSD80k/day, with 5-year TC rates currently quoted at close to USD100k/day. We do not consider our estimate changes to be material, and we have not changed our BUY recommendation. We rei...

08/15/24 August 15, 2024 1 EN
ABGSC Shipping & Transport Research ... (+3)
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  • Oliver Dunvold
  • Petter Haugen
08/14/24 August 14, 2024 1 EN
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
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FLNG FLEX LNG LTD.

Q2 much as guided, special dividend in H2'24?

EBITDA of USD 63m (ABGSC and cons at 66m). Q3'24 guidance slightly below expectations. Flat share price reaction.

08/14/24 August 14, 2024 1 EN
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
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FLNG FLEX LNG LTD.

Minor changes, fully priced

LNG trade increases 1% in H1'24, less than our 3% FY'24 forecast. In-line with cons ensus. HOLD, TP of USD 30 (unchanged).

07/16/24 July 16, 2024 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
FLNG FLEX LNG LTD.

Flex LNG (Buy, TP: NOK355.00) - Solid yield on mitigated market risk

On our estimates, Flex LNG offers an 11% average 2024–2026e dividend yield, which we find attractive given its solid contract backlog, mitigating near- to medium-term market risk. Looking beyond the current contract backlog, we find upside potential for our 2024–2026e USD80k/day average fleet-wide TCE, due to elevated and sticky newbuild prices implying a parity rate >25% above our estimates. We reiterate our BUY but have trimmed our target price to NOK355 (358).

07/01/24 July 1, 2024 1 EN

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