Välkommen till

Rederi AB TransAtlantic

Årsstämma 2014

1. Val av ordförande vid

stämman

2. Upprättande och

godkännande av röstlängd

3. Val av en eller två

justeringsmän

4. Prövning av om stämman

blivit behörigen sammankallad

5. Godkännande av

föredragningslista

6. Framläggande av:

(a) årsredovisningen och

revisionsberättelsen för

moderbolaget, samt

koncernredovisningen och

koncernrevisionsberättelsen.

(b) Revisors yttrande huruvida

riktlinjerna för ersättning till

ledande befattningshavare följts.

I anslutning därtill anförande av

styrelsens ordförande,

verkställande direktören och

affärsområdescheferna för Viking

Supply Ships och Industrial

Shipping.

Tom Ruud

Verkställande direktör och koncernchef

TransAtlantic in Brief

Two business areas:

- Industrial Shipping (IS), HQ Gothenburg

- Viking Supply Ships (VSS), HQ Copenhagen

About 850 employees

48 vessels, 34 within IS and 14 within VSS

Listed on the NASDAQ OMX Stockholm,

segment Small Cap

5,255 shareholders (March 31, 2014)

2013 - Highlights Rederi AB TransAtlantic: Equity issue of SEK 148

Further restructuring to establish two

independent businesses

Viking Supply Ships: New agreement with a major oil company

Establishment of office in Canada

Centralization completed in Copenhagen

Raised NOK 185 in additional bond financing

Industrial Shipping: Restructuring, rightsizing of organization, sale of

non core assets, reduction of legal entities

Centralization in Gothenburg

Outsourced Short Sea Bulk to AtoB@C

Tomas Bergendahl

Finansdirektör

5 Year Summary Operational profit/loss Group

-213

-121

-272 -327

-137

-400

-300

-200

-100

0

100

200

300

2009 2010 2011 2012 2013

MSEK

5 Year Summary Operational profit/loss Viking Supply Ships

-25

45

-110 -119

50

-200

-150

-100

-50

0

50

100

150

2009 2010 2011 2012 2013

MSEK

5 Year Summary Operational profit/loss Industrial Shipping

-140 -105

-162

-208 -187

-250

-200

-150

-100

-50

0

50

100

150

2009 2010 2011 2012 2013

MSEK

5 Year Summary Financial position

0%

15%

30%

45%

60%

75%

90%

105%

120%

135%

150%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

2009 2010 2011 2012 2013

Equity ratio (left scale) Net debt ratio (right scale)

5 Year Summary Change in cash balance

327

637 548

361 381

-200-100

0100200300400500600700800900

2009 2010 2011 2012 2013

MSEK

Cash balance

Operating cash flow

Key figures 2013

TransAtlantic Group IS VSS

(MSEK) 2013 2012 2013 2012 2013 2012

Net sales 2 925 3 274 1 787 2 212 1 138 1 062

Operational result -137 -327 -187 -208 50 -119

Result before tax -321 -356 -283 -229 -38 -127

Operating cash flow 144 -94

Cash balance 381 361

Total assets 4 884 5 745

Shareholders equity 1 749 2 105

Equity/asset ratio % 35.8 36.6

Debt equity ratio % 129.7 124.7

Viking Supply Ships

Head of Viking Supply Ships

Christian W. Berg

Focus & highlights 2013

• Completed the cost saving program initiated in 2012.

• In line with management strategy, VSS secured several

significant term contracts in harsh environment offshore

regions at premium rates.

• Awarded a major consultancy contract with a oil

company for general advise, logistical support and

equipment supply for offshore work in harsh

environments. As a result of this, VSS established

“Services” as a new business segment.

• After the year end, the loan facilities for Magne Viking &

Brage Viking was refinanced, generating free liquidity of

NOK 57 million.

Significant term contracts • Tor Viking is fixed to a major oil company for the 2015 season, with options for the 2016

and 2017 seasons. Tor Viking was originally also fixed for the 2014 season, but this has

been cancelled due to altered operational schedule from the charterer.

• Brage Viking, Magne Viking, Loke Viking and Balder Viking are fixed to a major oil

company for operations in a harsh environment offshore region for the 2014 and 2015

seasons, with options for the 2016 and 2017 seasons.

• VSS also entered into a significant consultancy contract with a major oil company

including general advise, logistical support and equipment supply for offshore work in

harsh environments during 2014 and 2015. The contract has an estimated value of USD

50 million.

Total value of these new

contracts contracts

exceed NOK 2,1 billion. “

NE Greenland Ice-breaking/seismic support

2012 & 2013, ice-mgt in 2008

Baltic Sea Seasonal Icebreaking since

2000.

Sea of Okhotsk Ice-management and

supply operations in ice

2012 & 2013

Kara Sea Ice management

2014-2017

Barents Sea Eni Norway, all duties

2011-ongoing

Northern Searoute Passage of the Northern

Searoute twice

Canada Ice berg management Grand

Banks Canada for Chevron and

Husky Energy (2012 and 2013)

21

Areas of operation

The North Pole Ice management and core

drilling 2004

Alaska Ice-management and

anchorhandling 2010, 2012,

2014-2017

West Greenland Moved more than 200 ice-

bergs during 2010 & 2011

New business segment; Services

VSS has a clear strategy

to industrialize our

knowledge on ice and

ice-management.

“

Contract backlog

• Strong Management focus on increasing contract

backlog and contract coverage has stabilized cash flow

at higher levels.

• Three significant contracts signed during 2013,

contributing to a significant increase in the contract

backlog.

• Since 1st January 2013 the backlog has increased with

NOK 1.655 million.

• Current backlog consists of NOK 2.825 million.

• Of this NOK 1.399 million is firm contracts, while

NOK 1.426 million is for optional periods.

All figures as per 31.3.2014

VSS will continue our

focus to increase the

contract backlog, both for

vessels and services.

“

Contract coverage VSS

Updated per 31.3.2014.

*Tor Viking is fixed to a major oil company for the season of 2015,

with options for 2016 and 2017.

Fir m cont r act Opt ion

AH TS

Oil major, firm season 2014-2015, opt 2016-2017 SMA stand by

Sakhalin Energy, Firm till 1st December 2014 + 4x3 months options

Spot

Spot Oil major, firm season 2014-2015, opt 2016-2017

Eni Norge, Firm till 29th July 2015 + 2 x 1 yearly options

Spot Oil major, firm season 2014-2015, opt 2016-2017

Spot Oil major, firm season 2014-2015, opt 2016-2017

2 0 1 52 0 1 4

M ag n e Vik in g

Br ag e Vik in g

To r Vik in g

Ba l d er Vik in g

Vid ar Vik in g

Apr il M a y J une

O d in Vik in g

Lo ke Vik in g

N j o r d Vik in g

J a nua r y Febr ua r yD es emberN ovemberOkt oberS ept emberAugus tJ u l y M a r ch

P S V

Peterson, Firm till 13th April + 2x7d + 10x1 d options

Spot

BP UK, Firm till 30th April 2014 + 4x1 month options

MOG, Firm till 6th April + 2x1 weekly options

Enquest, Firm till 1st June + 1 well option est. 40 days

Spot

J u l yJ uneM a yApr il

2 0 1 52 0 1 4

M a r ch

S BS Cir r u s

Fr ig g Vik in g

I d u n Vik in g

S BS Tempest

Fr eya Vik in g

S BS Typh o o n

D es ember J a nua r y Febr ua r yN ovemberOkt oberS ept emberAugus t

Focus 2014

• Streamlining the company towards harsh environment offshore areas.

• Evaluate a possible sale of the PSV fleet, aiming to maximize values.

• Continued strong management focus on term contracts.

• Further development of the new segment “Services”.

• Complete the refinancing of the loan facilities maturing in 2015.

“ Expand the company’s

business model, and at

the same time

strengthening the solidity

of the company.

Market expectations 2014

• Stable activity in the North Sea, but E&P spending

currently under pressure due to increased cost

level with operators.

• Several vessels bound for temporary exit from the

North Sea market during the summer season, for

projects in the Kara Sea, Pechora Sea and also in

the North Sea.

• Prospects for a good period in the North Sea has

caused the fleet to grow by 10% since end of Q3

2013.

• Petrobras is negotiating with several North Sea

owners and the outcome of this tender will have a

major influence on the North Sea market in 2014.

• Despite an unstable political situation in Crimea,

we have no signals that this will influence our

contracts in the region at the time of writing.

Figure: North Sea AHTS fixtures,

3 weeks moving average

Increased rate levels in late

2013 and beginning of 2014

tempted more owners of

bringing vessels to the North

Sea.

“

Future market outlook

Figure: Expected number of rigs under contract, based on current orderbooks,

and all rigs currently under contract being prolonged. Source: IHS Rigbase.

• The increased cost levels experienced among

operators are posing a threat against the future E&P

spending growth.

• Should this continue it will push utilization for older rigs

down, as new units enter the market.

• Long term prospects still looks promising due to the

need for more wells in order to reduce the production

decline.

• Russian Arctic is expected to be a key driver for harsh

environment offshore operations in the next few years.

• Increased project activity in regions such as the Kara

Sea, Pechora Sea and Greenland will lead to larger

seasonal variations in the North Sea as replacement

vessels will possibly remain in the region.

An essential challenge going

forward will be securing

alternative contracts during the

winter season.

“

Industrial Shipping

Head of Industrial Shipping

Heléne Mellquist

Continued tough market conditions due to low export from Finland,

Sweden and EURO-land

Continued structural and efficiency measures

Recruiting key commercial persons

Centralization in Gothenburg of Customer Services

and Operation

Closure several regional offices

Optimizing line structure

Sales of several vessels and return of several TC vessels

Sales of a number of non core operations

Reduced internal complexity e.g. no of legal entities

The commercial operation for Short Sea Bulk vessels was outsourced

to AtoB@C

Two tax-lease structures in the UK has been discontinued

Highlights 2013

Restructuring measures Q1 2014

The operational loss halved in Q4 compared to last year

-33 MSEK (-60 MSEK)

But not enough

Accelerate the restructuring to stand on its own

Closure of door to door and TransPal Line

Ring fencing TransAtlantic AB

Simplified niche RoRo and Container Feeder company

Focus RoRo & Container Feeder

Commercial focus 2014

RoRo 2015

Container Feeder

Niche out ports

Ship Management

Preparing for SECA

TransAtlantic AB

7. Beslut om:

(a) fastställande av

resultaträkningen och

balansräkningen för

moderbolaget, samt

koncernresultaträkningen och

koncernbalansräkningen.

b) dispositioner beträffande årets

resultat enligt den fastställda

balansräkningen.

c) ansvarsfrihet för

styrelseledamöterna och

verkställande direktören.

8. Fastställande av antalet

styrelseledamöter och

revisorer

9. Fastställande av arvoden

till styrelsen och

revisorerna

10. Val av

styrelseledamöter och

styrelseordförande

11. Val av revisorer

12. Beslut om

valberedning inför nästa

årsstämma.

13. Beslut om riktlinjer för

ersättning till ledande

befattningshavare

14.

A. Godkännande av

överlåtelse av aktier i

koncernbolaget Daugava

Shipping Services SIA

B. Godkännande av

överlåtelse av aktier i

koncernbolaget

TransAtlantic Spolka z.o.o.

15. Godkännande av

styrelsens beslut om

nyemission av aktier

Företrädesemission om ca 147,9 MSEK Syfte

– Ytterligare omstrukturering av Industrial Shipping i syfte

att skapa två oberoende verksamheter inom koncernen

Villkor

– En (1) A/B-aktie ger en (1) teckningsrätt av serie A/B

– Fem (5) teckningsrätter av serie A/B ger en (1) ny A/B-

aktie

– Teckningskurs: 5,00 kronor per ny aktie

100% garanterad emission

– Teckningsåtagande (pro-rata): 65,2 % (Viking Invest AS

och Kistefos AS)

– Emissionsgaranti: 34,8 % (Viking Invest AS och Kistefos

AS)

– Garantikommission cirka 800 kSEK

Beslut om nyemission

– Enkel majoritet (> 50 %)

Sista dag för handel med aktien för

deltagande: 2 maj

Prospekt beräknas offentliggöras: 5 maj

Avstämningsdag för deltagande i

nyemission: 7 maj

Handel med teckningsrätter: 9-22 maj

Teckningsperiod: 9-27 maj

Tidplan nyemission

16. Stämmans avslutande

Tack så mycket!