Slide 1: StealthGas Inc. 4th Quarter 2011 Results
StealthGas Inc. 4th Quarter 2011 Results February 23rd , 2012 CONSISTENCY & GREAT VALUE
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements 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 h
Slide 3: Business Strategy
Business Strategy Business Strategy Implementation Consolidation and fleet Took delivery of 4 Newbuilding LPG carriers (February, April & September 2011 & January 2012) renewal Sold 4 LPG carriers in 2011 & 2 LPG carriers in 2012 1 Newbuilding LPG carrier to be delivered Moderate Leverage Th
Slide 4: Fleet Development
Fleet Development Newbuilding program of 3 LPG carriers delivering in 2011 and 2 delivering in 2012 Newbuilding program has committed financing Selective sale of older & smaller tonnage in 2010/11 3
Slide 5: Fleet Employment Profile
Fleet Employment Profile EARNINGS VISIBILITY i212 a 2012 3 2012 042012, Q1 2013, 22013 32013, 42013 Gas Husky Gas Sikousis (Mindoro) Gas Spirit (Langwaki) Spike Faith Navig8 Fidelity Gas Pasha Gas Myth Gas Sincerity (Arran} Gas Exelero (Cordova) Gas Astrid (Cobrador) Gas Zael Catterick Gas Haralambo
Slide 6: Financial Highlights
Financial Highlights Fourth Quarter 2011 Q4 Net Income of $4.4 million, net revenues of $28.9 million, EBITDA of $13.6 million. EPS of $0.22 per share on 20.6 million shares outstanding. Q4 Adjusted Net Income of $3.4 million and Adjusted EPS $0.17 per share, before net non cash loss of $0.2 million
Slide 7: 2011 Income Statement
2011 Income Statement In US$ 000, except per Q4 2010 Q4 2011 FY 2010 FY 2011 share amounts Net Revenues $29,056 $28,884 $111,410 $118,281 Voyage Costs 4,090 4,733 13,680 17,829 Running Costs 9,722 7,766 38,338 36,558 Operating Income 5,817 6,784 23,024 19,826 Net Income 4,343 4,446 11,093 8,550 Net
Slide 8: Balance Sheet
Balance Sheet December 31, December 31, 2010 2011 Cash and Cash Equivalents incl. restricted 35,842,293 51,793,666 Current Assets excl. cash 10,835,254 6,028,077 Advances for vessels under construction 37,273,199 22,347,811 Vessels, net 603,065,011 613,832,973 Other assets 1,360,642 1,707,624 Total
Slide 9: 2011 Operating Highlights
2011 Operating Highlights Fleet Data & Daily Results Fleet Data Q4 2010 Q4 2011 FY 2010 FY 2011 Average number of vessels in fleet 38.0 37.0 38.6 37.6 Period end number of vessels in fleet 38 37 38 37 Total calendar days for fleet 3,496 3,404 14,075 13,716 Total voyage days for fleet 3,470 3,262 13,
Slide 10: Financial Estimator 2012
Financial Estimator 2012 Contracted Revenues $81 million Non contracted Voyage days 3,800 Operating Expenses $7.8 million per quarter Drydock Expenses $2.5 million (6 vessels) Interest & Swaps (cash portion) $15 million D&A $28.5 million Remaining Payments for Newbuildings $40million (2012), of whic
Slide 11: Charter Market Rate Indicator (12 Month TCs)
Charter Market Rate Indicator (12 Month TCs) Q4 2010 Average Q4 2011 Average Q1 2012 Forecast 3,200 CBM S/R 256,000 275,000 275,000 3,500 CBM P/R 232,000 253,000 253,000 5,000 CBM P/R 265,000 310,000 315,000 6,000 CBM S/R 450,000 450,000 453,000 15,000 CBM S/R 514,000 575,000 650,000 35,000 CBM 591,
Slide 12: TC equiv. spot earnings
3000-8000 cbm Fleet Development Vs. TC Rates/Earnings* 600 9% INGE STEENSLAND AS TC rates in USD 1000's per month (lines) 500 Fleet growth in % (bars) 6% TC equiv. spot earnings 400 3% 300 0% 200 -3% 100 Overall 3000-7999 fleet growth SR 3000-7999 fleet growth SR 6500 cbm TCE SR 3500 cbm 1yr TC PR 3
Slide 13: Despite a "stop" in new ordering, lots of ships will be delivered
Despite a “stop” in new ordering, lots of ships will be delivered But not in the LPG space 35% 33% 30% 25% 25% 25% 20% 18% 17% 15% 12% 10% 10% 8% 5% 0% * Drybulk Container Offshore Crude LNG Product Chemical LPG Tankers Tankers Tankers * Includes all LPG Carriers size categories 12
Slide 14: Contacts
Contacts Company Contact: Konstantinos Sistovaris Visit our Website at: Chief Financial Officer www.stealthgas.com StealthGas Inc. Weekly LPG Market Report 011-30-210-6250-001 updated every Monday E-mail: sistovaris@stealthgas.com www.stealthgas.com Comprehensive Investor Relations Information 18