Globus Maritime Limited · NASDAQ:GLBS
Globus Maritime — Q3 2015 Earnings Presentation
17 slides from Globus Maritime's earnings presentation, Dec 1, 2015
Slide 1: Globus Maritime Limited
Globus Maritime Limited Three month & nine month period ended September 30, 2015 December 1st , 2015
Slide 2: Disclaimer
Disclaimer Forward Looking Statement This presentation (and oral statements made regarding the subjects of this presentation) includes statements that are, or may be deemed to be, “forward-looking statements” as defined under U.S. federal securities laws. These forward-looking statements reflect the
Slide 3: Company update report
~GLOBUS MARITIME LIMITED
Slide 4: Company update
Company update (in 000’s US$) except for daily rates and per share data Q3-2015 Q3-2014 9M-2015 9M-2014 Total Comprehensive (loss)/income: (2,478) 196 (16,107) 37 Basic & Diluted (loss)/earnings per share (0.24) 0.02 (1.59) (0.02) Revenue: 3,175 6,313 10,076 20,920 Net Revenue: 3,019 5,415 8,377 17,
Slide 5: Operating highlights
Operating highlights Q3-2015 Q3-2014 9M-2015 9M-2014 Ownership Days 561 644 1,828 1,911 Available Days 533 644 1,795 1,893 Operating Days 526 639 1,778 1,887 Bareboat Charter Days - 92 22 273 Average No. of Vessels 6.1 7.0 6.7 7.0 Fleet Utilization 98.7% 99.2% 99.1% 99.7% Avg. time charter equivalen
Slide 6: Financials
~GLOBUS MARITIME LIMITED
Slide 7: Loss for the three month period ended September 30, 2015 vs net income in 2014
Loss for the three month period ended September 30, 2015 vs net income in 2014 (000’s $US) 44% Decrease in Net Revenue Page 6
Slide 8: Loss for the nine month period ended September 30, 2015 vs net income in 2014
Loss for the nine month period ended September 30, 2015 vs net income in 2014 (000’s $US) Impairment charge due to sale of m/v Tiara Globe 53% Decrease in Net Revenue Page 7
Slide 9: Statement of comprehensive (loss)/income
Statement of comprehensive (loss)/income (in 000’s US$) Q3-2015 Q3-2014 9M-2015 9M-2014 Revenue 3,175 6,313 10,076 20,920 Voyage expenses (156) (898) (1,699) (3,177) Net revenue 3,019 5,415 8,377 17,743 Vessel operating expenses (2,639) (2,361) (7,575) (7,314) Admin expenses1 (560) (630) (1,707) (1,
Slide 10: Statement of financial position
Statement of financial position (in 000’s US$) As of September 30, 2015 As of December 31, 2014 Cash 123 4,083 Restricted cash/ L-T time deposits(1) 2,750 2,000 Other current assets 3,571 4,152 Non-current assets 123,781 141,834 Total assets 130,225 152,069 Total debt, net of unamortized discount 77
Slide 11: Statement of cash flows
Statement of cash flows (in 000’s US$) Q3-2015 Q3-2014 9M-2015 9M-2014 Net (loss)/income (2,478) 196 (16,107) 37 Non cash/operating items 2,375 2,280 15,252 8,547 Payment of deferred dry docking costs (398) - (433) (808) Working capital movement 437 (482) 1,393 1,511 Cash (used in)/generated from op
Slide 12: Leverage position
Leverage position 160 70.00% As of September As of December As of March 31, (in millions US$) 140 60.03% 30, 2015 31, 2014 2014 60.00% 54.93% 120 Total Cash(1) 2.9 6.1 7.1 53.08% 50.00% 100 Debt(2) 78.0 84.6 90.6 80 40.00% Shareholders 47.1 63.3 61.4 60 Equity(3) 30.00% Total Capitalization(3) 125.1
Slide 13: Net Debt (Debt – Total Cash)
Net Debt (Debt(1) – Total Cash) Six months ended June 30, Six months ended December Six months ended June 30, (in 000’s US$) Total Cash Debt Net Debt 2014 31, 2013 2013 Cash From operations 7,293 5,831 6,526 Balance as of March 31, 2014 7,103 (90,648) (83,545) Interest and finance costs paid, net (1
Slide 14: Reconciliation of Net Debt to cash from operations
Reconciliation of Net Debt (Debt(1) – Total Cash) to cash from operations Nine months ended Nine months ended (in 000’s US$) September 30, 2015 December 31, 2014 Cash from operations 105 6,713 Interest and financing costs paid, net (1,858) (1,442) Proceeds from sale of m/v Tiara Globe 5,348 - Other
Slide 15: Appendix
~GLOBUS MARITIME LIMITED
Slide 16: Executive Team
Executive Team George Karageorgiou, Chief Executive Officer Co-founder, Chief Executive Officer since September 2006 25 years shipping experience (10 years of which involved public company experience) • Projects engineer for Kassos Maritime Enterprises from 1990-1992 • Director and Corporate Secreta
Slide 17: Contacts
Contacts Globus Maritime Limited George Karageorgiou President & CEO info@globusmaritime.gr Tel: +30 210 960 8300 www.globusmaritime.gr Capital Link – New York Nicolas Bornozis Paul Lampoutis +1 212 661 7566 globus@capitallink.com Page 16