Slide 1: StealthGas Inc. 3rd Quarter 2011 Results
StealthGas Inc. 3rd Quarter 2011 Results November 16th , 2011 CONSISTENCY & GREAT VALUE
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of h
Slide 3: Business Strategy
Business Strategy Business Strategy Implementation Consolidation and fleet Took delivery of 3 Newbuilding LPG carriers (February, April & September) renewal Sold 4 LPG carriers in 2011 2 Newbuilding LPG carriers to be delivered Moderate Leverage Third Quarter 2011 net debt to capitalization:
Slide 4: Fleet Development
Fleet Development Newbuilding program of 3 LPG carriers delivering in 2011 and 2 delivering in 2012 Newbuilding program has committed financing Selective sale of older & smaller tonnage in 2010/11 3
Slide 5: Fleet Employment Profile
Fleet Employment Profile EARNINGS VISIBILITY [Sec ene em 2019 Rae rer ES SY YY a Ye Pe Gas Sikousis (Mindoro) Gas Spirit Langwaki) Spike Navig8 Faith Navig® Fidelity Gas Pasha Gas Myth Gas Sincerity (Arran) Gas Exelero (Cordova) Gas Astrid (Cobrador) Gas Lael Gas Haralambos Chiltern Gas Defiance Gas
Slide 6: Third Quarter 2011 Financial Highlights
Third Quarter 2011 Financial Highlights Third Quarter 2011 Q3 Net Income of $6.2 million, net revenues of $27.5 million, EBITDA of $15.1 million. Q3 Adjusted Net Income of $2.1 million before net non cash gain of $1.1 million on interest rate swaps and foreign currency hedging arrangements, $1.5 mil
Slide 7: Third Quarter 2011 Income Statement
Third Quarter 2011 Income Statement In US$ 000, except per share amounts Q3 2010 Q2 2011 Q3 2011 Net Revenues $26,727 $31,366 $27,493 Voyage Costs 2,834 5,296 4,186 Running Costs 10,186 9,856 8,428 Operating Income 4,540 1,177 5,453 Net Income / (Loss) 990 (3,623) 6,201 Net Income, adjusted 900 3,36
Slide 8: Balance Sheet
Balance Sheet December 31, September 30, 2010 2011 Cash and cash equivalents incl. restricted cash 34,292,293 48,145,614 Current assets excl. cash 10,835,254 8,828,369 Advances for vessels under construction 37,273,199 18,459,841 Vessels, net 603,065,011 621,708,038 Other assets 2,910,642 3,089,229
Slide 9: Third Quarter 2011 Operating Highlights
Third Quarter 2011 Operating Highlights Fleet Data & Daily Results Fleet Data Q3 2010 Q2 2011 Q3 2011 Average number of vessels in fleet 37.7 38.7 36.3 Period end number of vessels in fleet 38 37 37 Total calendar days for fleet 3,471 3,525 3,335 Total voyage days for fleet 3,394 3,496 3,247 Fleet u
Slide 10: Financial Estimator 2011 Q4
Financial Estimator 2011 Q4 Contracted Revenues $20.7 million Non contracted Voyage days 950 Operating Expenses $8 million Drydock Expenses $1.0 million (2 vessels) Interest & Swaps (cash portion) $3.3 million D&A $7 million Remaining Payments for Newbuildings $3.6 million (2011) $40million (2012) 9
Slide 11: Charter Market Rate Indicator (12 Month TCs)
Charter Market Rate Indicator (12 Month TCs) Q3 2010 Average Q3 2011 Average Q4 2011 Forecast 3,200 CBM S/R 250,000 275,000 275,000 3,500 CBM P/R 227,000 246,000 250,000 5,000 CBM P/R 260,000 310,000 310,000 6,000 CBM S/R 450,000 450,000 450,000 15,000 CBM S/R 500,000 525,000 650,000 35,000 CBM 600,
Slide 12: TC equiv. spot earnings
3000-8000 cbm Fleet Development Vs. TC Rates/Earnings* 600 15% TC rates in USD 1000's per month (lines) 500 10% TC equiv. spot earnings Fleet growth in % (bars) 400 300 5% 200 0% 100 INGE STEENSLAND AS - -5% 2000 2001 2002 2003 2004 2007 2008 2009 2010 2011 2012 2005 2006 2013 Overall 3000-7999 flee
Slide 13: Despite a "stop" in new ordering, lots of ships will be delivered
Despite a “stop” in new ordering, lots of ships will be delivered But not in the LPG space 45% 39% 40% 35% 29% 30% 25% 20% 20% 17% 15% 13% 11% 10% 9% 10% 5% 0% Drybulk Container Crude LNG * Ro-Ro Chemical Product LPG Tankers Tankers Tankers * Includes all LPG Carriers size categories 12
Slide 14: Contacts
Contacts Company Contact: Konstantinos Sistovaris Visit our Website at: Chief Financial Officer www.stealthgas.com StealthGas Inc. Weekly LPG Market Report 011-30-210-6250-001 updated every Monday E-mail: sistovaris@stealthgas.com www.stealthgas.com Comprehensive Investor Relations Information 18