Tsakos Energy Navigation Ltd · NYSE:TEN
Tsakos Energy Navigation — Capital Link Investor Presentation January 2022
13 slides from Tsakos Energy Navigation's conference presentation, Jan 18, 2022
Slide 1: TEN LTD Capital Link Investor Presentation
TEN LTD Capital Link Investor Presentation January 18, 2022
Slide 2: Forward-looking statements
This presentation may contain forward-looking statements that are not based on historical fact, including without limitation, statements containing the words “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions. Because these forward-looking statemen
Slide 3: Crisis-Resistant Growth Model Spanning Four Decades
Crisis-Resistant Growth Model Spanning Four Decades 9 Far East Crisis 9/11 Crisis Credit Crisis COVID Crisis 8 7 6 Million (dwt) 5 4 3 2 1 0 3
Slide 4: A Diversified Energy Provider
A Diversified Energy Provider CRUDE TRADING PRODUCTS DP2/LNG 52 12 7 6.5m dwt 0.5m dwt 0.9m dwt VLCC Suezmax Aframax Aframax LR Panamax Handymax Handysize DP2 Shuttle LNG One World Trade 1,100 900 850 850 750 615’ 570’ 900 750 1,775 300,000dwt 160,000dwt 100,000dwt 100,000dwt 74,000dwt 50,00
Slide 5: Versatile Fleet - Secured Revenues - Market Upside
Versatile Fleet - Secured Revenues – Market Upside CRUDE TANKERS COATED/CLEAN TANKERS Dwt Built Yard Hull Ice Class/Other Dwt Built Yard Hull Ice Class/Other VLCC 1 Hercules 300,000 2017 South Korean DH 36 TBN 115,000 2024 South Korean DH Dual - Fuel LNG AFRA LR2 DUAL FUEL 2 Ulysses 300,000 2016 Sou
Slide 6: Industrial Model – Strategic Alliances – Repeat Business
Industrial Model – Strategic Alliances – Repeat Business Top Customers (in alphabetical order) 1. BP 2. CHENIERE 3. CHEVRON 4. EXXONMOBIL 5. EQUINOR 6. KOCH 7. PETROBRAS 8. SHELL 9. TOTAL 10. TRAFIGURA Long-Term, Blue-Chip, Customer Base Consisting of Major Global Energy Companies Transporter of Cho
Slide 7: Timely Acquisitions => Low 9mo 2021 B/E Rates
Timely Acquisitions => Low 9mo 2021 B/E Rates* *Breakeven rates after Operating Expenses, G&A, Interest and Depreciation 2 VLCC $275,000,000 $26,337 $250,000,000 Spot 14 SUEZMAX $22,795 $225,000,000 19 AFRAMAX $17,684 $200,000,000 AFRAMAX 3 LR2 $18,025 $175,000,000 10 PANAMAX LR1 $150,000,000 $14,74
Slide 8: Reducing Bank Debt an Integral Part of Strategy
Reducing Bank Debt an Integral Part of Strategy $1,800 $1,753 $1,751 $1,750 -$2 $1,700 $1,650 $1,595 $1,600 In millions -$156 $1,534 $1,550 $1,500 $1,500 -$61 $1,450 -$34 $1,386 $1,400 $1,350 -$115 $1,300 2016 2017 2018 2019 2020 2021 9MO ❑ $368 million total debt reduction since Dec. 2016 peak ❑ pl
Slide 9: Historical Solid Performance – Healthy Liquidity
Historical Solid Performance – Healthy Liquidity Expressed in million US dollars 2004 2005 2006 2007 2008 2009 2010 2011 Av. Number of Vessels 27.3 26.1 33.8 41.7 44.1 46.6 46.1 47.8 Total Revenues $318 $296 $428 $501 $623 $445 $408 $395 Operating Income / (Loss) (1) $132.0 $120.3 $167.3 $180.7 $244
Slide 10: 9MO 2021 Press Release Extract
9MO 2021 Press Release Extract NINE MONTHS 2021 SUMMARY RESULTS In a severe market environment, caused by the commercial and operational burdens of the pandemic, TEN reported positive cash flow and adjusted EBIDTA of $86.3 million. The inclusion of non-cash items of $113.0 million contributed to a n
Slide 11: Why TEN…
Why TEN… 1 One Of the Most Established International Oil Tanker Companies in the World 2 Public Since 1993 (NYSE Listed 2002) 3 Tried and Tested in All Shipping Cycles - Owner of Choice to Oil Majors 4 Upside Potential + $1.0bil in Min. Secured Revenues + Extra Profits Through Profit Share 5 Solid B
Slide 12: Stay Safe – Stay Healthy
To all our seafarers, onshore colleagues and friends a BIG THANK YOU for all your help and support during these extraordinary times STAY SAFE – STAY HEALTHY Tsakos Energy Navigation, Ltd – 367 Syngrou Av. , Athens 175 64, Greece Tel: +30210 940 7710, Fax: +30210 940 7716 email: ten@tenn.gr
Slide 13: Tsakos Energy Navigation, Ltd
TSAKOS ENERGY NAVIGATION, LTD For more information please contact: Paul Durham: Chief Financial Officer pdurham@tenn.gr George Saroglou: Chief Operating Officer gsaroglou@tenn.gr Harrys Kosmatos: Corporate Development Officer hkosmatos@tenn.gr Tsakos Energy Navigation, Ltd 367 Syngrou Avenue Athens
Tsakos Energy Navigation — Capital Link Investor Presentation January 2022 on 6ix