Global Ship Lease Inc New · NYSE:GSL
Global Ship Lease Inc New — Global Ship Lease — Q1 2011 Earnings Presentation
10 slides from Global Ship Lease Inc New's earnings presentation, 2011
Slide 1: First Quarter 2011 Presentation
First Quarter 2011 Presentation 0
Slide 2: Safe Harbor Statement
Safe Harbor Statement This communication contains forward-looking statements. Forward-looking statements provide Global Ship Lease’s current expectations or forecasts of future events. Forward-looking statements include statements about Global Ship Lease’s expectations, beliefs, plans, objectives, i
Slide 3: Disclaimer
Disclaimer The financial information and data contained in this communication is unaudited and does not conform to the U.S. Securities and Exchange Commission Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, Global
Slide 4: Global Ship Lease: Q1 2011 Highlights
Global Ship Lease: Q1 2011 Highlights Reported revenue of $39.1 million for first quarter 2011 Reported net income of $10.8 million for first quarter 2011, including a $5.0 million non- cash interest rate derivative mark-to-market gain Generated $26.2 million EBITDA for first quarter 2011 Excluding
Slide 5: Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes
Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes (2) (1) (1) 4
Slide 6: Market Dynamics Shaped by Fundamentals
Market Dynamics Shaped by Fundamentals Year-Over-Year Growth (%) Time Charter Index 20% 300 15% 250 13.4% 13.6% 12.9% 11.4% 11.6% 11.2% 11.4% 11.8% 10.5% 10.6%10.5% 10.8% 9.8% 9.7% 10% 9.0% 200 8.5% 8.3% 8.0% 8.0% 8.0% 7.9% 6.3% 5.2% 5.4% 5.0% 4.8% 4.9% 4.6% 4.9% 4.5% 5% 4.2% 4.4% 150 3.6% 2.9% 2.9%
Slide 7: Q1 2011 Financials
EER co 4 GLOBAL SHIP LEASE Q1 2011 Financials
Slide 8: Financial Results
Financial Results Three months ended March 31, 2011 2010 ($in thousands) Operating Revenues $ 39,104 $ 39,151 Operating Expenses Vessel operating expenses 11,043 9,592 Depreciation 9,949 9,871 General and administrative 1,942 1,836 Other operating income (106) (552) Total operating expenses 22,828 2
Slide 9: Balance Sheet
Balance Sheet March 31, 2011 December 31,2010 Assets Cash and cash equivalents $ 28,539 $ 28,360 Restricted cash 3,027 3,027 Accounts receivable 7,318 7,341 Prepaid expenses 1,157 712 Other receivables 119 264 Deferred tax 297 265 Deferred financing costs 1,019 1,009 Total current assets 41,476 40,9
Slide 10: Global Ship Lease
Le GLOBAL SHIP LEASE