Star Bulk Carriers Corp. · NASDAQ:SBLK
Star Bulk Carriers — Investor Presentation (June 2026)
10 slides from Star Bulk Carriers's investor presentation, June 2026
Slide 1: Corporate Presentation
CORPORATE PRESENTATION June 2026 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include statements concerning the Company’s plans, objectives, goals
Slide 3: Star Bulk Company Profile
Star Bulk Company Profile Financial overview (1) Star Bulk Fleet Breakdown (1) $ 3. 0 b + 6 Newbuilding Market Cap Kamsarmax vessels $ 768 m 32 44 58 T C E R e v e n u e s (2) +7 Long-term 1 Capesize Newcastlemax/ Post Panamax/ Ultramax / charter-in 4 Kamsarmax Capesize Kamsarmax Supramax vessels te
Slide 4: Key Investment Highlights
Key Investment Highlights The largest, most liquid US-listed dry bulk company with significant operating leverage to a market with strong fundamentals Fleet Size (1) (DWT) The Largest US-Listed Dry Bulk Company • The largest market capitalization and greatest liquidity among US-listed peers 13.9M •
Slide 5: Creating Value for Shareholders
Creating Value for Shareholders Total Shareholder Value Creation (in $million) Dividends & Share Buybacks (in $million) Total actions of $3.1 billion in shareholders value $546 $527 creation since 2021 $20.1 $445 $10.3 Dividend $393.1 $275 $1,027 Payments $525.9 $25.3 $1,465 Share Buybacks $435.0 $1
Slide 6: Operating Performance Highlights
Operating Performance Highlights Fleet Size Ownership % Market Revenue % Revenue Adj. EBITDA (2) % Adj. EBITDA Q1 2026 Days Value (1) Q1 2026 Contribution Q1 2026 Contribution 24% $ 69.6 mil 41% 33% $ 41.1 mil 36% 32 36 % Newcastlemax/ Capesize 22% $ 62.3 mil 33% 29% 28% $ 32.2 mil 45 28% Post Panam
Slide 7: Operating Leverage and Cash Flow Potential
Operating Leverage and Cash Flow Potential Illustrative Annual Free Cash Flow Yield at Various Daily TCE Levels(1), (2), (3) Illustrative NTM Free Cash Flow yield at various TCE rate levels $6.0 $6.0 Approximate Daily TCE $5.3 22.6% rate with current FFA curve 20.0% $5.0 20.2% $4.7 Free cash flow /s
Slide 8: Positive Supply Fundamentals: Short and Long Term
Positive Supply Fundamentals: Short and Long Term • Nominal fleet growth at around 3.5% per annum during • NB Orderbook at 13.3% of the fleet – Total contracting 2026-27. Rising dry-dock off hires due to aging fleet to under control. reduce effective fleet growth by more than 0.5% per year. • 50%+ o
Slide 9: Demand to Remain Healthy in the Medium Term
Demand to Remain Healthy in the Medium Term • Demand in ton-miles projected to grow by 2.5% during • Middle East conflict remains key uncertainty, as higher 2026. Total export volumes went through their energy prices are lifting inflation expectations and seasonal correction in Q1 but bottomed at hi
Slide 10: Thank You
THANK YOU Contacts Company: Simos Spyrou, Christos Begleris Co ‐ Chief Financial Officers Star Bulk Carriers Corp. c/o Star Bulk Management Inc. 40 Ag. Konstantinou Av. Maroussi 15124 Athens, Greece Tel. +30 (210) 617-8400 Email: info@starbulk.com www.starbulk.com Investor Relations / Financial Medi
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