Capital Clean Energy Carriers Corp. · NASDAQ:CCEC
Capital Clean Energy Carriers — Q1 2025 Earnings Presentation
21 slides from Capital Clean Energy Carriers's earnings presentation, May 8, 2025
Slide 1: Q1 2025 Earnings Presentation
Q1 2025 EARNINGS PRESENTATION May 8, 2025 capitalcleanenergycarriers.com
Slide 2: Important Notice
Important Notice This presentation contains forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looki
Slide 3: Q1 2025 Highlights
01 Q1 2025 Highlights www.capitalcleanenergycarriers.com
Slide 4: First Quarter 2025 Highlights and Update
First Quarter 2025 Highlights and Update • Net Income for the quarter from continuing operations: $32.8 million Financial • Declared dividend $0.15 per share for quarter Performance & • New long-term time charters for two LNG/Cs under construction Operating • LNG/C Axios II delivered under long-term
Slide 5: Financials
02 Financials www.capitalcleanenergycarriers.com
Slide 6: Profit Statement – Highlights
Profit Statement – Highlights Key commentary For the Three-Month For the Three-Month Period Ended Period Ended March 31 2025 March 31, 2024 Revenues 109,381 76,166 1 Delivery of final two Expenses: Voyage expenses 1,243 3,190 containers agreed to be sold, Voyage operating expenses 15,420 12,749 for
Slide 7: Balance Sheet – Highlights
Balance Sheet – Highlights Key commentary As at end As at end March 31, 2025 December 31, 2024 1 Solid cash position of $420.3 Assets million (including restricted Current Assets 419,900 405,543 cash) Fixed Assets 3,607,989 3,581,305 Other Non-Current Assets 120,239 126,034 2 Total Assets 4
Slide 8: CCEC Strategic Update
03 CCEC Strategic Update www.capitalcleanenergycarriers.com
Slide 9: CCEC - LNG Time Charter book
CCEC - LNG Time Charter book Contracted backlog of 91 years at an average rate of $87,3151, or ~$2.8bn of revenue Backlog could increase to 121 years with all options exercised 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 Firm With Options Attalos 2034 - Aristos I 2032 - Ari
Slide 10: CCEC – Diversified & High-Quality Contracted Revenue
CCEC – Diversified & High-Quality Contracted Revenue Contracted Revenue Backlog: $3.1 billion1 Diversified Contracted Revenue Base1 Million No single customer = more than 19% of charter book $2,500 $2,407.8 3% 11% 11% $2,000 11% $1,500 12% $1,000 10% 19% $500 $405.1 $329.4 15% 5% 3% $0 2025 remainin
Slide 11: CCEC Capital Expenditure Program
CCEC Capital Expenditure Program Newbuilding program financing well supported Million $2,500 2,347 $2,000 - 420 $1,500 - 467 $1,000 $500 $0 - 1,565 -105 -$500 Newbuilding Program Cash Capex paid Debt Equity Notes: 1. Newbuilding Program reflects the total acquisition price of the remaining vessels C
Slide 12: LNG Market Update
04 LNG Market Update www.capitalcleanenergycarriers.com
Slide 13: US Port Fees – Facts & CCEC implications
US Port Fees – Facts & CCEC implications Details of US Port Fee proposals LNG Exports Objective Description CCEC assessment • Restoration of the US • From 2028, an increasing % of US • More clarity is required Shipbuilding industry exports needs to be lifted in US- around the exact • Reduction of Ch
Slide 14: US Tariffs – Likely limited direct impact on LNG trade
2007 2011 US Tariffs – Likely limited direct impact on LNG trade but may curtail US LNG investment Limited Direct LNG trade between US and China… Likely tariff impacts longer dated and hard to quantify Bilateral US To offset impact or levy of tariffs LNG deals could see range of US bilateral deals N
Slide 15: Short term rates rebound as asset prices and term rates firm
2007 2011 Short term rates rebound as asset prices and term rates firm 2-Stroke Term Charter Rates and New Build LNG/C Price Source: SSY 300 1 270 250 250 200 $M (single unit) 230 1 $k/day 150 210 100 190 2 50 170 0 3 150 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 O
Slide 16: LNG Vessel Supply adjusting - Idle ships and scrapping rising
2007 2011 LNG Vessel Supply adjusting - Idle ships and scrapping rising Idle LNG/C @14% global fleet: Steam LNG key driver 2024 record scrapping year and 3x already in 2025 16 Source: Clarksons 14 Source: Clarksons 50 43 45 14 12 38 37 40 37 12 10 35 % of LNG global capacity idle 29 10 30 8 8 25 24
Slide 17: LNG Shipping Supply & Demand Balance
2007 2011 LNG Shipping Supply & Demand Balance LNG Shipping Supply & Demand Balance LNG Shipping Supply / Demand Differential 1000 100 80 900 Short Shipping 60 No of Vessels (174k cbm equivalent) No of Vessels (174k cbm equivalent) 800 40 700 20 0 600 Long Shipping -20 500 -40 400 -60 Q2 Q3 Q4 Q1 Q2
Slide 18: Summary
05 Summary www.capitalcleanenergycarriers.com
Slide 19: CCEC – Very modern fleet to meet future challenges
2007 2011 CCEC – Very modern fleet to meet future challenges On the water New Deliveries 2020 2021 2021 2021 2021 2021 2026 2026 2026 2027 2027 2027 LNG carriers All dual fuel 174k cbm 2023 2023 2024 2024 2024 2024 Capable of transporting LPG, 2026 2026 2027 2027 2027 2027 Mid Sized NH3 Gas carriers
Slide 20: CCEC – Largest Gas Carrier Fleet by 2027
2007 2011 CCEC – Largest Gas Carrier Fleet by 20271 Expected to become largest & youngest fleet1 of energy 1.5 Years 31 Vessels ✓ Avg. Fleet Age2 Fleet Size2 transition vessels Average charter duration 7.3 ✓ Significant blue chip charter coverage = cashflow stability years with total contracted reve
Slide 21: Thank You for your Attention
Thank You for your Attention 30 April 2025 Brian Gallagher capitalcleanenergycarriers.co m
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