Genco Shipping & Trading Limited · NYSE:GNK

Genco Shipping & Trading — Goldman Sachs 4th Annual Shipping Conference 2007

10 slides from Genco Shipping & Trading's conference presentation, Nov 13, 2007

  1. Slide 1: Genco Shipping & Trading Limited - Goldman Sachs 4th Annual Shipping Conference

    Genco Shipping & Trading Limited Goldman Sachs 4th Annual Shipping Conference November 13, 2007

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 „This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements a

  3. Slide 3: Genco Overview

    Genco Overview „ High quality, modern fleet of 22 vessels consisting of: ― 3 Capesize, 7 Panamax, 7 Handymax, 5 Handysize vessels „ Expected delivery of 12 vessels through the third quarter of 2009 ― 6 Capesize newbuildings ― 3 modern Handysizes and 3 modern Supramaxes „ 18.2% interest in Jinhui Shi

  4. Slide 4: Execution of Growth Strategy: Total Number of Vessels

    Execution of Growth Strategy „ Genco Muse acquisition in „ Metrostar 9 vessel acquisition in August 2005 July 2007 „ Franco 3 vessel acquisition in „ Evalend 6 vessel acquisition in July 2006 August 2007 35 31 32 28 29 30 28 Total Number of Vessels 25 20 19 20 16 17 17 15 10 5 0 1H 2005 2H 2005 1H 2

  5. Slide 5: Acquisition Vessels to be Delivered

    Acquisition Vessels to be Delivered Vessel Year Duration/ Cash Revenue Vessel Name DWT Yard Delivery(1) Charterer Type Built(1) Expiration Rate (2) Rate (3) Genco Titus 177,000 SWS Q4 2007 2007 Cargill 48 to 62 Mos 45,000(4) 46,250 Genco Constantine 180,000 Imabari Q2 2008 2008 Cargill 54 to 62 Mos

  6. Slide 6: Current Fleet Employment

    Current Fleet Employment Vessel Year Revenue Rate Vessel Name Charterer Cash Rate (1) (2) Charter Expiration (3) Type Built Genco Augustus 2007 Cargill International S.A. 45,263 62,750 December, 2009 Capesize Genco Tiberius 2007 Cargill International S.A. 45,263 62,750 January, 2010 Genco London 200

  7. Slide 7: Creating Shareholder Value

    Creating Shareholder Value Stock Price Performance Dividend History $75.00 $0.80 $7.00 $65.00 $0.66 $0.66 $0.66 $0.66 $6.00 $0.60 $0.60 $0.60 $0.60 $0.60 $55.00 $0.60 $5.64 $5.00 $4.98 $45.00 $4.32 $4.00 $0.40 $35.00 $3.66 $3.00 $3.00 $25.00 $2.40 $2.00 $0.20 $15.00 $1.80 $1.00 $1.20 $5.00 $0.00 $0.

  8. Slide 8: Capital Structure Developments

    Capital Structure Developments Credit Facility Up to $1.377 billion „ Have entered into eight Term 10 Years forward interest rate swaps Non-Amortization ― Total amount swapped 5 Years for 2008 of $631.2 mm Period ― Average swapped rate Interest Rate LIBOR + 0.85%(1) of approximately 4.9% for 2008 Dn

  9. Slide 9: Significant Opportunities in Fragmented Industry

    Significant Opportunities in Fragmented Industry „ No single owner owns more than 7% of the vessels within each class „ Market capitalization for all U.S.-listed pure drybulk owners is over $12 billion (1) „ Drybulk industry has similarities to the tanker industry in 1999 Ownership 100.0% 80.0% % of

  10. Slide 10: Growth Strategy: Timing Is Everything

    Growth Strategy: Timing Is Everything „ Opportunistic and prudent acquisition strategy ― Accretive earnings and cash flows while maintaining a disciplined approach to return on capital Pursue Accretive „ Revolver is primary driver of growth strategy Acquisitions ― Accretive to shareholders and reduc

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