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Höegh LNG - Interim results for the quarter ended 30 September 2016

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Highlights

  • EBITDA of USD 26.5 million, which is in line with USD 27.0 million in the previous quarter
  • Profit after tax of USD 3.3 million, which is in line with USD 3.5 million in the previous quarter
  • Dividend of USD 0.10 per share paid for the third quarter of 2016

Subsequent events

  • Dividend of USD 0.10 per share declared for the fourth quarter of 2016
  • Höegh Grace entered the commissioning phase under the SPEC contract in Colombia
  • HMLP made a shelf registration filing with the SEC

The President and CEO of Höegh LNG Holdings Ltd. ("Höegh LNG"), Sveinung J. S. Støhle, said in a comment: "We continue to focus on operational excellence and project execution, and are proud to have a technical availability across our fleet of close to 100%, which forms the basis for the stable operating results and dividend payments. With plenty of LNG being available at competitive prices, our customers continue to increase the throughput rate on our FSRU fleet, further reinforcing the economic attractiveness of FSRUs. Höegh Grace is currently in the commissioning phase and that addition takes our FSRU fleet on long term contracts to six units. By delivering on our growth strategy we continue to strengthen our operational platform, as well as creating the basis for accretive drop-downs to Höegh LNG Partners LP."

The dial-in numbers for the conference call is as follows:

Norway +47 23 50 01 87

United Kingdom +44 (0)20 3364 5726

United States +1 719 325 2340

Participant passcode: 201425

Link to the live webcast for the third quarter of 2016:

http://webtv.hegnar.no/presentation.php?webcastId=40094347

About Höegh LNG:

Höegh LNG provides floating energy solutions and operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions and the strategy is to continue to focus growth plans on the FSRU market, with the objective of securing long-term contracts with strong counterparts at attractive returns. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, Indonesia, Lithuania, Egypt and Colombia. The company employs approximately 110 office staff and 500 seafarers

Contacts:

Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the Continuing Obligations of Oslo Børs

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