Capital Clean Energy Carriers Corp. · NASDAQ:CCEC
Capital Clean Energy Carriers — Capital Product Partners — Q3 2022 Earnings Presentation
14 slides from Capital Clean Energy Carriers's earnings presentation, Nov 9, 2022
Slide 1: Third Quarter 2022 Earnings Presentation
Third Quarter 2022 Earnings Presentation November 9, 2022 Capital Product Partners L.P. www.capitalpplp.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: Third Quarter 2022 Highlights
Third Quarter 2022 Highlights ▪ Completed the sale of M/V Archimidis and M/V Agamemnon in July 2022 ▪ Issued €100.0 million, 7-year senior unsecured bond ▪ Prepaid $123.7 million of floating rate debt, leaving seven vessels unencumbered ▪ Extended the firm charter period of two LNG Carriers by 6.4 y
Slide 4: Statements Of Comprehensive Income
Statements Of Comprehensive Income ($ In Thousands) For the Three-Month Period Ended For the Three-Month Period Ended September 30, 2022 September 30, 2021 Revenues 71,858 43,125 Expenses / (income), net: Voyage expenses 4,386 3,032 Vessel operating expenses 14,779 9,901 Vessel operating expenses –
Slide 5: Operating Surplus For Calculation Of Unit Distribution
Operating Surplus For Calculation Of Unit Distribution* ($ In Thousands) For the Three-Month Period Ended For the Three-Month Period Ended 30-Sep-22 30-Jun-22 Partnership’s net income 58,728 20,418 Adjustments to net income Depreciation, amortization, unrealized Bonds cash and cash equivalents excha
Slide 6: Balance Sheet
Balance Sheet ($ In Thousands) As Of As Of September 30, 2022 December 31, 2021 Assets Current Assets 150,331 37,684 Fixed Assets 1,681,898 1,781,858 Other Non-Current Assets 50,336 65,628 Total Assets 1,882,565 1,885,170 Liabilities and Partners’ Capital Current Liabilities 110,950 130,801 Long-Ter
Slide 7: Delivery of M/V Manzanillo Express
Delivery of M/V Manzanillo Express Vessel Type Capacity Delivered Yard Firm Period Optional Periods Charterer Manzanillo Express Container Carrier 13,312 TEU 12-Oct-22 HHI 10 Years 2 + 2 +2 Years ▪ The consideration to the seller was paid through a combination of: ▪ Cash deposit advanced in July 202
Slide 8: Diversified Contracted Revenue
Diversified Contracted Revenue Contracted Revenue* Contracted Revenue Contribution* Contracted Revenue Backlog: $1.95 billion High Quality & Diversified Customer Base Million $1,000 $926.9 $900 0.3% $800 8% 8% $700 8% $600 $500 29% 22% $400 $340.3 $337.5 $286.8 $300 $200 24% $100 57.2 $0 2022 remain
Slide 9: Strong Charter Coverage & Duration
Strong Charter Coverage & Duration Charter Profile * Expiry of Current Charters Oct-22 Oct-23 Oct-24 Oct-25 Oct-26 Oct-27 Oct-28 Cape Agamemnon Under construction Akadimos Hyundai Prestige Containership Hyundai Premium LNG Carrier Hyundai Paramount Hyundai Privilege Hyundai Platinum Long Beach Expre
Slide 10: Debt Maturities Overview
Debt Maturities Overview 1 CMB (Aristomenis & Athos) Bond 2021 CMB (Fos Express, Seattle Express, Long Beach Express) CTMC (Sellers' Credit) BoComm (Aristos I) ING (Aristidis I) ICBC (Akadimos) CMB (Asklipios) $ Million CMB (Attalos) BoComm (Aristarchos) 400 HCOB (Manzanillo Express) Bond 2022 Shin
Slide 11: LNGC Market Developments
LNGC Market Developments 250 1 YR TC Rate Newbuilding Prices 200 240 ▪ LNG spot rates rose sharply in September with the outlook 180 LNG 160K CBM 230 Steam 160 remaining positive. LNG 174K CBM D/TFDE 140 220 USD Thousands Million USD ▪ Term charter rates have seen continuous upward pressure, with 12
Slide 12: Container Charter Market Review
Container Charter Market Review Containership Charter Rates ▪ Container freight and charter rates have softened amid demand headwinds, easing in congestion and weaker sentiment. $000/day 2750 teu grd 1-Yr TC 4400 teu gls 1 Yr TC 140 ▪ Charter rates have dropped across all sizes, though declines 120
Slide 13: LNG Dropdown Opportunities
LNG Dropdown Opportunities Right of First Offer: Vessel Name Type TEU / CBM Delivery Yard Amore Mio I LNG Carrier 174,000 CBM Oct-23 HHI Axios II LNG Carrier 174,000 CBM Dec-23 HHI Additional Opportunities: Vessel Name Type TEU / CBM Delivery Yard Assos LNG Carrier 174,000 CBM May-24 HHI Apostolos L
Slide 14: Capital Product Partners L.P.
Capital Product Partners L.P. 1
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