FLEX LNG Ltd.

Hi, today FlexLNG is releasing its first quarter results and let's review the highlights for the quarter. Revenues came in at 92.5 million dollars in line with previous guidance of 90 to 93 million. The fleet delivered an average time charter equivalent earnings of slightly above 80,000 dollars per day, also in line with the 2023 guidance of about 80,000 dollars per day. This resulted in strong numbers with adjusted net income of 35.2 million or 66 cents per share respectively. We during the quarter completed our balance sheet optimization program where we have refinanced all the 13 chips on attractive long-term financing and this has released in total 387 million of cash. We thereby boosted our cash balance at quarter end to an all-time high of $475 million, which equates to around $9 per share in cash. We have also recently carried out the first two dry dockings of Flex Endeavour and Flex Enterprise, both according to schedule and budget. For Q2, in total, we will be doing three dry dockings. So we expect revenues to be somewhere around 85 to 90 million due to the off-fire associated with the dry dockings. Once this has been completed by end of June, revenues will pick up in Q3 and Q4 to around 90 to 100 million on a quarterly basis. We therefore reaffirmed the 2023 revenue guidance of 370 million, which will give EBITDA of about 290 to 295 million. So with a healthy financial position, 57 years of minimum contractual backlog, the board is once again declaring an ordinary quarterly dividend of 75 cents per share. The last 12 months then, we have thereby paid out $3.75 per share, which gives our investors an attractive yield of around 11%. So that's the highlights. Please remember to tune in on our video webcast starting at 3 o'clock Central European Time, 9 o'clock Eastern Standard Time. There we will go through the market and give some more updates on the company. We will conclude with a Q&A session where the winner will get a Flex on the Beach summer kit. So hopefully something that will come in handy. For our Norwegian viewers, we also wish them a happy Constitution Day on 17th of May. That's it for me. Thank you.