Global Ship Lease Inc New · NYSE:GSL
Global Ship Lease Inc New — Global Ship Lease — Q3 2011 Earnings Presentation
12 slides from Global Ship Lease Inc New's earnings presentation, 2011
Slide 1: Third Quarter 2011 Presentation
Third 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: Q3 2011 Highlights
Global Ship Lease: Q3 2011 Highlights Continued to generate stable revenues and cashflows: Reported revenue of $38.7 million for third quarter 2011 Generated $25.2 million EBITDA for third quarter 2011 Excluding non-cash mark-to-market loss, normalized net income was $5.2 million for the third quart
Slide 5: Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes
Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes Ville d'Aquarius 4,113 TEU Ville d'Orion 4,113 TEU CMA CGM Matisse 2,262 TEU 36,322 TEU 59,670 TEU 66,349 TEU CMA CGM Utrillo 2,262 TEU Q1/2008 Q4/2008 Q3/2011 CMA CGM La Tour 2,272 TEU Vessels 12 16 17 Annual Revenue $98.5 m
Slide 6: Robust Performance Throughout the Cycle
Robust Performance Throughout the Cycle 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q GSL Performance 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 Fleet at Quarter-End 12 12 12 16 16 16 17 17 17 17 17 17 17 17 17 Revenue ($ MM) 21.8 22.9 23.9 26.3 35.0 36.2 37.6 39.9 39.
Slide 7: Market Dynamics Shaped by Fundamentals
Market Dynamics Shaped by Fundamentals Year-Over-Year Growth (%) Time Charter Index 20% 300 16.6% 15% 13.8% 250 13.4% 13.1% 12.6% 12.0% 11.6% 11.4% 11.2% 11.4% 10.5% 10.5% 10.6% 10.8% 9.8% 9.7% 10% 8.8% 200 8.2% 8.3% 8.4%8.2% 7.6% 4.9% 5.2% 5.3% 5.1% 4.8% 4.6% 4.9% 5% 3.6% 4.2% 4.0% 4.0% 150 2.9% 2.
Slide 8: Q3 2011 Financials
EER co 4 GLOBAL SHIP LEASE Q3 2011 Financials
Slide 9: Financial Results
Financial Results Three months ended Nine months ended September 30 September 30 (Unaudited) (Unaudited) 2011 2010 2011 2010 Operating revenues $38,676 $40,040 $116,554 $118,802 Operating expenses Vessel operating expenses 11,750 10,936 34,047 30,684 Depreciation 10,117 10,100 30,055 29,955 General
Slide 10: Balance Sheet
Balance Sheet September 30, 2011 December 31,2010 Assets Cash and cash equivalents $ 38,554 $ 28,360 Restricted cash 3,027 3,027 Accounts receivable 6,823 7,341 Prepaid expenses 677 712 Other receivables 537 264 Deferred tax 95 265 Deferred financing costs 979 1,009 Total current assets 50,692 40,97
Slide 11: Concluding Remarks
Concluding Remarks Business model and contracted revenue insulates us from direct impact of volatile freight markets No purchase obligations Able to use cash flow to pay down debt and strengthen balance sheet CMA CGM has a long history of operating through cycles Our business model supports delivery
Slide 12: Global Ship Lease
Le GLOBAL SHIP LEASE