Slide 1: Financial & Operating Results Q1 2020
Financial & Operating Results| Q1 2020| May 26, 2020
Slide 2: Disclaimer
| Disclaimer 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 historical fact may be dee
Slide 3: StealthGas Key Highlights
1| Highlights| StealthGas Key Highlights |Fleet & Operations • Operational utilization of 97.8% mainly due to few of our ships being in the spot market - equivalent to 8.4% of voyage days. • Only 23 days of technical off hire of which 21 days related to a technical failure of one LPG vessel. • Fleet
Slide 4: Fleet Employment Analytics (As of May 2020)
1| Highlights| Fleet Employment Analytics (As of May 2020) 2020 2021 EARNINGS VISIBILITY Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Vessel Charter End Date May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec • 4 new period charters and charter extensions conc
Slide 5: Summary of our Two JVs
1| Highlights| Summary of our Two JVs Small LPG JV Structure- 1 • Three out of five vessels of our JV scheme 2020 EARNINGS VISIBILITY Q2 2020 Q3 2020 Q4 2020 comprising mostly of small LPGs, are under Vessel Charter End Date M ay Jun Jul Aug Sep Oct Nov Dec time charter contracts. Name Type Rate 1 G
Slide 6: LPG Fleet Trading Profile
France Rest EU-15 vessels 1| Highlights| LPG Fleet Trading Profile Netherlands UK Norway • StealthGas focuses on regional trade and local distribution Poland of gas. • Fleet trading pattern is geographically diversified and is continuously adjusted to market needs. • Our LPG fleet (incl. semi-refs)
Slide 7: Income Statement Q1 19 vs Q1 20
2| Financials| Income Statement Q1 19 vs Q1 20 Income Statement Q1 Q1 Comparing Q1 2020 to Q1 2019 (Amounts in USD'000s) 2019 2020 - Revenues came in at $34.4 million in Q1 20’ marking a decrease of $4.1 Voyage revenues 38,443 34,377 million (10.6%) compared to the same period of last year, followin
Slide 8: Performance Highlights & Analysis
2|Financials |Performance Highlights & Analysis |Performance Highlights Fleet Data Q1 2019 Q1 2020 Period end number of owned vessels in fleet 42 41 Total calendar days for fleet 4,327 3,811 • Operational utilization of c.98 % in Q1 20’, a strong performance given a weak Total voyage days for fleet
Slide 9: Balance Sheet 3M 2020
2|Financials | Balance Sheet 3M 2020 Balance Sheet (Amounts in #039;000s) 12M 2019 3M 2020 Assets Cash & cash equivalents 68,465 28,034 Current assets excl. cash 9,467 8,174 • Liquidity, including restricted cash is close to Advances for vessels under construction 2,989 3,022 Vessel, net 835,152 825,83
Slide 10: LPG Sector Highlights & Trends
3|Market update| LPG Sector Highlights & Trends |Global LPG Demand Forecast (MMt) |LPG Vessels Discharging in China 275 (Small & Handies) 2019 2020 350 270 300 265 250 200 260 150 100 255 50 250 0 2019 2020 2021 Jan Feb Mar • Market fundamentals for the LPG market looked promising up until the globa
Slide 11: LPG Sector Highlights & Trends
3|Market update| LPG Sector Highlights & Trends • During Q1 20’ and due to the pandemic outbreak, rates for the majority of the small LPGs declined, with the exception of the 3,500 cbm in the East, as Chinese |Small LPG Daily Charter Rates Evolution ($) trade re-activated in the middle of the first
Slide 12: LPG Sector Highlights & Trends
3|Market update| LPG Sector Highlights & Trends |Small LPG (3,000 – 8,000 cbm) Fleet Age & Scrapping |Small LPG Orderbook 30.0% 26.0% 25.0% • The small gas carrier fleet has approximately 95 vessels above 20 years of age, therefore the current orderbook of only 16 vessels is not large enough 20.0% 2
Slide 13: Share Performance
4|Share Performance 20% Crud e O il StealthGas Inc. Dorian Lp g Ltd Navig ator Hold ing s Ltd . 0% -20% -40% -60% -80% -100% 1/ 1/ 2020 2/ 1/ 2020 3/ 1/ 2020 4/ 1/ 2020 5/ 1/ 2020 • The global COVID-19 outbreak and imposed lockdown, resulted in a fall in demand for petroleum products. • Additional p
Slide 14: Outlook | Forecast | Considerations Going Forward
5|Outlook|Forecast|Considerations Going Forward • Given the turbulent and uncertain market, it is quite difficult to predict revenue and profitability. • Below are key variables that will affect our performance going forward. |GASS Financial Forecast Considerations ❖ High period coverage despite wea
Slide 15: Outlook | Why StealthGas?
5|Outlook|Why StealthGas? StealthGas Strengths Positive Market Drivers Our Company’s core value lies on the following: Market Factors that will positively affect our segment and consequently our Company: ✓ secured Conservative chartering policy and capital structure management with significant pre c