Pangaea Logistics Solutions Ltd. · NASDAQ:PANL
Pangaea Logistics Solutions — Merger or Acquisition (September 2024)
7 slides from Pangaea Logistics Solutions's merger presentation, September 2024
Slide 1: Pangaea & M.T. Maritime Combine Dry-Bulk Fleets
Pangaea & M.T. Maritime Combine Dry-Bulk Fleets
Slide 2: Safe Harbor
Safe Harbor This presentation may include certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea’s and man
Slide 3: Transaction Overview
Transaction Overview • • • • • • • • • • • 3
Slide 4: Strategic Rationale
Strategic Rationale Commercially attractive handysize fleet will add scale and expand the foundation for growth across entire enterprise Expanding into handysize segment provides scale and diversification • Currently utilize handysize vessels to serve certain clients on a chartered-in basis Number o
Slide 5: Attractive Financial Profile
Attractive Financial Profile Creating scaled growth platform at an opportunistic net asset valuation Note: PANL figures are projected as of 9/30/2024. Shares issued to MTM subject to change based on SSI fleet’s net asset value as compared to Pangea’s balance sheet net asset value, adjusted for the f
Slide 6: Executing Differentiated Value Creation Strategy
Executing Differentiated Value Creation Strategy Fleet combination is consistent with key shareholder value creation objectives Improved growth Improving breadth of owned All-stock transaction protects opportunities through fleet improves overall consistent dividend program, scaled integration with
Slide 7: Key Strategic and Transaction Highlight Summary
Key Strategic and Transaction Highlight Summary 7
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