Avance Gas Holding Ltd (LTS:0QTX)
kr 160.6 2.3 (1.45%) Market Cap: 12.35 Bil Enterprise Value: 13.87 Bil PE Ratio: 4.28 PB Ratio: 1.64 GF Score: 62/100
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Q1 2019 Avance Gas Holding Ltd Earnings Call Transcript

May 15, 2019 / 01:00PM GMT
Release Date Price: kr21.7 (-4.62%)
Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Avance Gas Holding Ltd First Quarter 2019 Earnings Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, 15th of May, 2019.

I would now like to hand the conference over to your speaker today, Mr. Peder Simonsen. Please go ahead, sir.

Peder Carl Gram Simonsen
Avance Gas Holding Ltd - CFO & Interim CEO

Thank you. Thank you for dialing in to the first quarter 2019 earnings call. I'll start by going to Slide #4 with the key financial highlights. We achieved -- in line with a weak market, we achieved a weak TCE result of $11,000 for the quarter. And maintained low OpEx and G&A in line with our cost focus. The main event, I guess, is the subsequent event while we secured a $550 million refinancing of all our existing debts, which shows the strong support that we have from our bank in a challenging banking market. We are able to maintain our $22,500 cash breakeven rate, which would be the original cash

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