Slide 1: StealthGas Inc. Q4 2024 Financial and Operating Results
StealthGas Inc. | Q4 2024 Financial and Operating Results | February 21, 2025
Slide 2: Disclaimer
| Disclaimer This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be dee
Slide 3: StealthGas Key Highlights
| StealthGas Key Highlights |Financial • Revenues of $43.5 million in Q4 ‘24 (+27% YOY) and $167.3 million- (record revenues) in FY ‘24 (+17% YOY) • Adjusted Net Income of $16.4 million in Q4 ’24 (+59% YOY) and $77.3 million in FY ‘24 (+53%) • Record yearly profit for the third consecutive year. • A
Slide 4: Fleet Employment Analytics (As of Feb 2025)
| Fleet Employment Analytics (As of Feb 2025) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Vessel Charter End Date Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Name Type 1 Eco Oracle TC Jan 2028 2 Eco Ice TC Sep 2027 3 Gas Alice TC Jul 2027 4 Eco Freeze TC May 2027 • 3 new period charters and charter extensions c
Slide 5: LPG Fleet Trading Profile
| LPG Fleet Trading Profile Netherlands Rest France EU-Med-19 vessels Poland Portugal Denmark Spain • Our LPG fleet trading profile is a snapshot of our vessels as of February 12th, 2025. • StealthGas focuses on regional trade and local distribution of gas. Our larger vessels mostly do intercontinen
Slide 6: Summary of our Two Joint Ventures
| Summary of our Two Joint Ventures $27.7 million Book value of our investment in JV’s as of December 31st. • MGC- Eco Ethereal, SOLD Q2 ‘24. • Gas Defiance, SOLD Q4 ’24 to Stealthgas, now part of the fully-owned fleet. Q1 2025 Q2 2025 Q3 2025 Q4 2025 • Gas Shuriken, SOLD Q1 ‘25. Proceeds from the s
Slide 7: Financials | Income Statement
| Financials| Income Statement Income Statement Q4 Q4 (Amounts in USD'000s) 12M 2023 12M 2024 2023 2024 • Net Revenues (+31%Q, +19% FY) increased in spite of the decrease Voyage revenues 34,139 43,467 143,528 167,262 Voyage costs (3,305) (3,216) (13,209) (11,658) in calendar days as a result of high
Slide 8: Financials | Balance Sheet
|Financials | Balance Sheet Balance Sheet (Amounts in #039;000s) Q4 2023 Q4 2024 Assets Cash & cash equivalents (incl restricted) 83,756 84,521 • Strong Liquidity on GASS balance sheet, including restricted cash and short Vessel held for sale 34,880 0 term investments of $84.5 million. Current assets e
Slide 9: Financials | Debt Analysis & Capital Structure
|Financials |Debt Analysis & Capital Structure - Major deleverage is part of the strategy, for the first time net debt free. - During 2023 debt was reduced by c.$154 million with significant savings in interest expenses. - During 2024 added $70.0 million debt and repaid $108.2 million (prepayments +
Slide 10: Market update | LPG Sector Highlights & Trends
|Market update| LPG Sector Highlights & Trends • Steady growth in Global LPG exports continues (+4.3% FY2023) (+4.4% FY2024). • US exports continue to trend higher +11% y-o-y in 12M 2024. Terminal |Global LPG Exports & Asian Imports expansion projects under way to increase export capacity starting f
Slide 11: Market update | LPG Sector Highlights & Trends
|Market update| LPG Sector Highlights & Trends • Q4-Activity picked up as we entered winter but rates were relatively flat. |LPG Orderbook Small Pressurized: Continued two tier market… • Pressurized orderbook- remains limited with 24 vessels to be delivered • West of Suez: - Charterers covered their
Slide 12: Closing Remarks | Considerations Going Forward
|Closing Remarks|Considerations Going Forward • Below are some of the key variables that will affect our performance going forward. ❖ Significant operating leverage- due to our sizeable fleet. ❖ Reduced exposure to spot market, high earnings visibility. ❖ Healthy capital structure, net debt free and