Slide 1: Third Quarter 2017 Financial Results Conference Call
Third Quarter 2017 Financial Results Conference Call October 25, 2017
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain “forward-looking statements” (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). All statements, other than statements of historical facts, that address activities, events or developments that the
Slide 3: Q3 2017 New Chartering Agreements
Q3 2017 New Chartering Agreements None of our vessels are currently laid up. 15 vessels chartered at rates which are, on average, 23% higher than the previous charter hire rates. # Vessel Built TEUs Previous Fixture Latest Fixture Charter Rate Move 1 Cape Akritas 2016 11,010 * mid 20 thousands o
Slide 4: Recent Transactions – New Financing Transactions / Vessel Disposals
Recent Transactions –New Financing Transactions / Vessel Disposals In August 2017, we entered into a loan agreement with a leading European financial New financing institution for the financing of the 2005-built 7,471 TEU containership, Maersk Kowloon. transactions The vessel was acquired in the p
Slide 5: Recent Transactions – Dividend Declarations
Recent Transactions – Dividend Declarations On October 2, 2017, we declared a dividend for the third quarter ended September 30, 2017, of $0.10 per share on our common stock, payable on November 6, 2017, to stockholders of record as of October 23, 2017. As long term committed shareholders, membe
Slide 6: Q3 2017 Income Statement Snapshot
Q3 2017 Income Statement Snapshot Q3 2017 RESULTS 3Q 2016 3Q 2017 % Change Ownership Days 4,912 4,922 0.2% Average Number of Vessels 53.4 53.5 0.2% Voyage Revenues $118,256 $101,274 (14.4%) Net Interest and Finance Costs 18,011 17,209 (4.5%) (*) Adjusted Net Income Available to Common Stockholders 2
Slide 7: High Quality & Stable Cash Flows
High Quality & Stable Cash Flows Revenue Contribution (All Vessels)(1)(2) (3) As of October 25, 2017, contracted Other 3.6% 1.0% 1.0% revenues of approximately $1.3Bn(1)(2) 1.8% TEU-weighted average remaining 38.1% time charter duration for the fleet is 15.7% about 3.0 years(1)(2) 38.9% Notes 1.
Slide 8: Consistently Strong Performance
Consistently Strong Performance Historical Financial Performance vs. Containership Time Charter Rate Index (1) $MM Index Value 600 120 500 100 400 80 300 60 200 40 100 20 0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 LTM 2017 Note Adjusted Adjusted 1. Source: Clarkson, Company filings Containersh
Slide 9: Prudent Balance Sheet Management
Prudent Balance Sheet Management Total Cash and Cash Equivalents as of September 30, 2017 of $234m. Disciplined management of our Balance Sheet, with $1.04bn of Net Debt1 as of September 30th. Leverage Ratio2 of 51%, as per latest compliance certificate provided to our financing banks on June
Slide 10: Container Shipping Industry
Container Shipping Industry Charter Rates Idle Fleet Charter Index (HRCI)(1) %of fleet 3.1% 56% increase since Jan 17 Source: Howe Robinson as of October 18, 2017 Source: AXS-Alphaliner as of October 16, 2017 Orderbook Box Rates Orderbook/ Total Fleet (%) CCFI Index 13.8% Source: Clarkson as of Octo
Slide 11: Costamare Inc. Q&A
Costamare Inc. Q&A
Slide 12: Appendix - I: Net Income to Adj. Net Income Reconciliation
Appendix - I Net Income to Adj. Net Income Available to Common Stockholders and Adj. EPS Reconciliation Three-month period ended September 30, Note: Adjusted Net Income available to common stockholders and Adjusted (Expressed in thousands of U.S. dollars, Earnings per Share represent Net Income afte