Pangaea Logistics Solutions Ltd. · NASDAQ:PANL
Pangaea Logistics Solutions — Investor Presentation (September 2021)
17 slides from Pangaea Logistics Solutions's investor presentation, September 2021
Slide 1: Sept. 2021 Update
NASDAQ: PANL Sept. 2021 Update
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: Overview & Strategy
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D OVERVIEW & STRATEGY
Slide 4: Pangaea Today: Strategically Located
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Pangaea Today: STRATEGICALLY LOCATED • Fully integrated cargo focused owner/operator with Denmark Greece over 25 years in business Commercial Technical • 75 shore based employees across 4 strategically located offices • Control and manage a fleet
Slide 5: Integrated Operating Platform
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Integrated Operating Platform • Largest owned Panamax Ice • COA cover of base fleet Class 1A fleet • Secure cargo first and vessel • Four 95,000dwt Ice Class 1A second vessels on order • Optimize capital with dynamic • Providing year-round service
Slide 6: What makes us different than your average tonnage provider
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D What makes us different than your average tonnage provider: ■ Purpose Driven Ownership: We own 23 ships, soon to be 24, after delivery of final Ice Class NB vessels We charter an additional 30 – 40 market ships on short term, or index basis to r
Slide 7: Current Owned Fleet
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D CURRENT OWNED FLEET SUPRAMAX ULTRAMAX 1C Vessel Name Type DWT Year Built Vessel Name Type DWT Year Built Bulk Newport Supramax 52,587 2003 Bulk Endurance Ultramax 1C 60,000 2017 Bulk Trident Supramax 52,514 2006 Bulk Destiny Ultramax 1C 60,000 201
Slide 8: Ice Class Differential
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Ice Class Differential:
Slide 9: Market Performance LTM
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Market Performance LTM Spot rates at multi year highs Demand recovery Global growth is projected at 6% in 2021, and 4.9% in 2022. Stable Supply: Net fleet growth forecasted approx. 3.5% in 2021 and 1.4% in 2022. Sources: Clarksons; Inter
Slide 10: Sustainability Initiatives
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D SUSTAINABILITY INITIATIVES Environmental • Pangaea is a member of various organization that underline the commitment to operating responsible and in support of ESG objectives: Social • Promote a culture of sharing insights and lessons throughout t
Slide 11: Financial Overview
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D FINANCIAL OVERVIEW
Slide 12: US-Listed Fleet Profiles
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Efficiently deploying capital on specialty tonnage and nimble fleet to serve client needs US-LISTED FLEET PROFILES Selectively and efficiently deploy capital to niche or specialized fleet Flexible chartering strategy allowing the company to re
Slide 13: 2021 Secondhand Acquisitions
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D 2021 Secondhand Acquisitions in millions USD Panamax 1A Bulk Courageous Bulk Promise Bulk Valor Total Purchase Price 22.5 16.5 18.3 17.8 75.05 Debt Proceeds 7.5 12 12.8 13.4 45.65 Capital Deployed 15 4.5 5.5 4.5 29.4
Slide 14: Q2 2021 Results: Reactive to Rapidly Improving Market
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D. Q2 2021 Results: Reactive to Rapidly improving market Q1 PERFORMANCE DRIVERS AND RECENT INITIATIVES Q2 Performance Drivers ■ Results benefiting from rapidly rising market ■ Adjusted EBITDA of $21.4million, Net Income of $19.2million and adjusted
Slide 15: Strong Performance Through the Worst Markets
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Management has consistently demonstrated an ability to execute a long-term strategy through the dry bulk cycle STRONG PERFORMANCE THROUGH THE WORST MARKETS US$m BDI 280 2 1 2 1 4 2 2 2* 2,400 260 247 240 2,100 225 228 221 220 209 196 1,800 200 180
Slide 16: TCE Outlook
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D TCE Outlook $35,000 6,000 $30,000 $27,100* 5,000 $25,000 $21,053 4,000 $20,000 $15,915 $16,524 $15,172 3,000 $14,360 $14,640 $15,000 $13,728 $13,835 $13,316 $12,933 $12,029 $10,508 $10,733 2,000 $10,000 1,000 $5,000 $- - Q2 - 2018 Q3 - 2018 Q4 - 2
Slide 17: Thank You
T H A N K YO U
Pangaea Logistics Solutions — Investor Presentation (September 2021) on 6ix