Slide 1: Annual General & Special Meeting of Shareholders
Annual General & 2021 Special Meeting of Shareholders Your Marine Carrier of Choice ™
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this document about our current and future plans, expectations and intentions, results, levels of activity, performance, goals or achievements or any other future events or developments constitute forward-looking statements. Forward-looking statements
Slide 3: Algoma Central Corporation Vision & Values
ALGOMA CENTRAL CORPORATION VISION & VALUES @® INTEGRITY We are honest, we are courageous and we always strive to make the right choice. of Choice™ al r & pty SUSTAINABILITY TEAMWORK We believe in our We are stronger people, we care for ets Sate our planet and we work to ensure the prosperity of our
Slide 4: Dividends
Dividends $0.18 $0.16 $0.14 Also Paid $0.12 Special Dividends June 2019 - $0.75 $0.10 January 2021 - $2.65 $0.08 $0.06 $0.04 $0.02 $— 6 6 6 6 01 201 201 201 201 201 7 7 17 17 18 18 18 18 19 19 19 19 20 20 20 20 21 21 2 - 20 - 20 - 20 - 20 - 20 - 20 - 20 - 20 - 20 - 20 - 20 - 20 - 20 - 20 - 20 - 20 Q
Slide 5: 2020 Operational Highlights
2020 Operational Highlights Our top priority was ensuring the safety of our crew and staff and we are proud to report that there were no confirmed cases of contagion of COVID-19 at Algoma in 2020. Strong financial performance despite a difficult operating environment resulted in increased earnings f
Slide 6: 2020 Financial Highlights
2020 Financial Highlights Net Adjusted Return on EBITDA Equity Earnings EPS 90% 16% 29% 7.5% Your Marine Carrier of Choice ™
Slide 7: Delivering Our Strategy 2019 to 2020
Delivering Our Strategy 2019 to 2020 2020 Objectives 1. Safe operations in a COVID-19 environment ☑ 2. Improve fleet availability ☑ 3. Dry-docking of ocean self-unloaders ☑ 4. DDB & GSS new-build program ☑ 5. Meet financial plans and improve ROE ☑ 6. Improve ROE from Global Short Sea Shipping ☒ Your
Slide 8: Strategic Focus 2021 Objectives
Strategic Focus 2021 Objectives 1. Strong fleet availability and utilization in continuing COVID-19 environment and recovery. 2. Crew training, recruitment and retention. 3. Minimizing operating costs in Ocean fleet as markets improve. 4. Integration of Algoma Intrepid and Captain Henry Jackman. 5.
Slide 9: Domestic Dry-Bulk 2020 Financial Highlights
Domestic Dry-Bulk 2020 Financial Highlights Revenue EBITDA 2020 2020 2% 43% 2019 2019 $— $50 $100 $150 $200 $250 $300 $350 $— $20 $40 $60 $80 Revenue Days Commercial Utilization 2020 2020 2019 2019 — 1,000 2,000 3,000 4,000 5,000 6,000 —% 25% 50% 75% 100% 125%
Slide 10: Product Tankers 2020 Financial Highlights
Product Tankers 2020 Financial Highlights Revenue EBITDA 2020 2020 19% 8% 2019 2019 $— $25 $50 $75 $100 $125 $150 $— $10 $20 $30 $40 Vessel Days Commercial Utilization 2020 2020 2019 2019 — 500 1,000 1,500 2,000 2,500 3,000 3,500 Algoma Fleet Chartered Vessels —% 25% 50% 75% 100% 125%
Slide 11: Ocean Self-Unloaders 2020 Financial Highlights
Ocean Self-Unloaders 2020 Financial Highlights Revenue EBITDA 2020 2020 2% 1% 2019 2019 $— $25 $50 $75 $100 $125 $150 $— $10 $20 $30 $40 $50 $60 Vessel Days Commercial Utilization 2020 2020 2019 2019 — 500 1,000 1,500 2,000 2,500 3,000 3,500 Revenue Days Days on Dry-Dock —% 25% 50% 75% 100% 125%
Slide 12: Global Short Sea 2020 Financial Highlights
Global Short Sea 2020 Financial Highlights Revenue Joint Venture Earnings (Excluding Impairment 2019) 2020 2020 3% 25% 2019 2019 $— $50 $100 $150 $200 $250 $300 $— $2 $4 $6 $8 $10 Number of Owned Vessels at Year End NACC NASC NABH — 5 10 15 20 2020 2019
Slide 13: 2021 First Quarter Results
2021 First Quarter Results Revenue EBITDA $— 2021 $(2) 9% $(4) 2020 $(6) $(8) $— $10 $20 $30 $40 $50 $60 $70 $80 $90 2021 2020 13% Your Marine Carrier of Choice ™
Slide 14: Domestic Dry-Bulk Q1 2021
Domestic Dry-Bulk Q1 2021 Revenue EBITDA $— $(5) 2021 $(10) 16% $(15) 2020 $(20) $(25) $— $5 $10 $15 $20 $25 $30 2021 2020 16% Your Marine Carrier of Choice ™
Slide 15: Product Tankers Q1 2021
Product Tankers Q1 2021 Revenue EBITDA 2021 2021 25% 75% 2020 2020 $— $5 $10 $15 $20 $25 $30 $— $1 $2 $3 $4 $5 Your Marine Carrier of Choice ™
Slide 16: Ocean Self-Unloaders Q1 2021
Ocean Self-Unloaders Q1 2021 Revenue EBITDA 2021 2021 11% 10% 2020 2020 $— $5 $10 $15 $20 $25 $30 $35 $40 $— $2 $4 $6 $8 $10 $12 $14 Your Marine Carrier of Choice ™
Slide 17: Global Short Sea Q1 2021
Global Short Sea Q1 2021 Revenue EBITDA 2021 2021 8% 56% 2020 2020 $— $10 $20 $30 $40 $50 $60 $70 $— $1 $2 $3 $4 $5 $6 Your Marine Carrier of Choice ™
Slide 18: 2021 Outlook
2021 Outlook
Slide 19: 2021 Outlook: Our Business Units
2021 Outlook Our Business Units Domestic Dry-Bulk Product Tankers Ocean Self-Unloaders Global Short Sea Shipping • The Product Tanker • Segment should • Stable cement sector • Steady improvement in segment is very benefit from an with upside from volumes is expected to dependent on the re- increase
Slide 20: Questions?
Questions?
Slide 21: Thank You & Stay Safe
Thank You & Stay Safe