Capital Clean Energy Carriers Corp. · NASDAQ:CCEC
Capital Clean Energy Carriers — Q4 2024 Earnings Presentation
19 slides from Capital Clean Energy Carriers's earnings presentation, Feb 6, 2025
Slide 1: Q4 '24 Earnings Presentation
Q4 ‘24 Earnings Presentation February 6, 2025 www.capitalcleanenergycarriers.com
Slide 2: Important Notice
Important Notice This presentation contains forward-looking statements (as such term is defined in Sec- tion 21E of the Securities Exchange Act of 1934, as amended). These statements can be identified by the fact that they do not relate only to historical or current facts. In partic- ular, forward-l
Slide 3: Capital Clean Energy Carriers Q4 2024 Results
01 Capital Clean Energy Carriers Q4 2024 Results
Slide 4: Fourth Quarter 2024 Highlights & Update
Fourth Quarter 2024 Highlights & Update ▪ Q4 2024 net income from continuing operations $20.8 million ▪ Declared dividend $0.15 per share for quarter Financial Performance & ▪ Average remaining charter duration of 7.0 years Operating Highlights* ▪ 2025 charter coverage 100%, 74% for 2026 and 47% for
Slide 5: Financials
02 Financials www.capitalcleanenergycarriers.com
Slide 6: Profit Statement – Highlights
Profit Statement – Highlights ($ In Thousands) For the Three-Month For the Three-Month Period Ended Period Ended Key commentary December 31, 2024 December 31, 2023 Revenues 105,118 64,190 Expenses: 1 Solid Operational Voyage expenses 2,596 2,334 Vessel operating expenses 15,056 10,043 Quarter Vessel
Slide 7: Balance Sheet – Highlights
Balance Sheet – Highlights ($ In Thousands) As at end As at end December 31, 2024 December 31, 2023 Key commentary Assets Current Assets 405,543 225,504 1 Leverage ratio1 reduced in Q4 2024 to 49.2% Fixed Assets 3,581,305 2,387,013 from 52.8% end Q3 2024 Other Non-Current Assets 126,034 527,782 Tota
Slide 8: Diversified Contracted Revenue
Diversified Contracted Revenue Contracted Revenue* Contracted Revenue Contribution* Contracted Revenue Backlog: $2.5 billion High Quality & Diversified Customer Base Million $2,000 1657.2 4% 14% $1,500 15% 14% $1,000 13% 10% $500 435.2 408.6 20% 6% 5% $0 2025 remaining 2026 2027+ ~7.0 years* average
Slide 9: LNG Fleet & Market
03 LNG Fleet & Market www.capitalcleanenergycarriers.com
Slide 10: Short-term rates under pressure driven by supply issues not demand
Short-term rates under pressure driven by supply issues not demand 2- Stroke Term Charter Rate And NB Price Source: SSY Key factors Short term oversupply Absence of inter-basin arbitrage driving lower short-term of vessels opportunities and thus lower rates tonne-mile demand 9
Slide 11: Majority of LNG/C Orderbook already committed to long term contracts
Majority of LNG/C Orderbook already committed to long term contracts Only 18 out of 317 (5.6%) of LNG/C deliveries are open – CCEC has 6 of these slots 3 1 2 2 1 1 2 1 1 2 2 24 24 22 22 22 21 20 18 18 17 16 15 13 11 9 6 4 4 3 3 2 2 2 1 Q125 Q225 Q325 Q425 Q126 Q226 Q326 Q426 Q127 Q227 Q327 Q427 Q128
Slide 12: LNG Global Fleet – low spot rates should start to drive structural change
LNG Global Fleet – low spot rates should start to drive structural change Three distinct technologies within LNG/C fleet Steam turbines under structural pressure 100 90 DFDE 80 2 Stroke 28% 40% 70 Steam No of LNG vessels >40k cuM 60 32% 50 40 30 20 10 0 Steam DFDE 2 Stroke Source: Poten 11 Source: C
Slide 13: LNG Global Fleet – Likely to see (more) supply-side response from older vessels
LNG Global Fleet – Likely to see (more) supply-side response from older vessels Steady redelivery of steam LNG vessels to come Dry Dock schedule facing Spec Survey 4 & 5 2025-28 200 121 LNG/Cs require special survey as they turn 20 or 25 years old between 2025-28 180 138 160 uncommitted 1 8 140 ST v
Slide 14: Strong Liquefaction and Trade Growth
Strong Liquefaction and Trade Growth 70% Increase in Global Liquefaction Capacity expected by 2030 (Projects Under Construction only) Significant amount of new liquefaction project capacity LNG production growth >350MTPA by 2030 under construction or under development 400 ▪ In 2024, 22 mtpa of new l
Slide 15: Charter Profile - LNG Fleet
Charter Profile* - LNG Fleet Contracted backlog of 68 years at an average daily rate of $88,407, or ~$2.2bn of revenue Backlog could increase to 103 years with all options exercised Jan-25 Jan-26 Jan-27 Jan-28 Jan-29 Jan-30 Firm With Options Attalos 2029 2034 Aristos I 2027 2032 Aristidis I 2028 203
Slide 16: Conclusion & Summary
05 Conclusion & Summary www.capitalcleanenergycarriers.com
Slide 17: Very Modern Fleet going forward
Very Modern Fleet going forward On the water New Deliveries 2020 2021 2021 2021 2021 2021 2026 2026 2026 2026 2027 2027 LNG carriers All dual fuel 174k cbm 2023 2023 2024 2024 2024 2024 Capable of transporting LPG, 2026 2026 2027 2027 2027 2027 Mid Sized NH3 Gas carriers Multi gas carriers capable o
Slide 18: Capital Clean Energy Carriers – Largest Gas carrier fleet by 2027
Capital Clean Energy Carriers – Largest Gas carrier fleet by 2027 Expected to become largest & youngest fleet1 of energy 1.1 Years 31 Vessels ✓ Avg. Fleet Age2 Fleet Size2 transition vessels ✓ Significant blue chip charter coverage = cashflow stability 6x LNG Carriers Considerable go-forward growth
Slide 19: Thank you for your attention
Thank you for your attention www.capitalcleanenergycarriers.com
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