Slide 1: StealthGas Inc. 1st Quarter 2013 Results
StealthGas Inc. 1st Quarter 2013 Results May 23rd , 2013 CONSISTENCY & GREAT VALUE
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements 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 h
Slide 3: Business Strategy
Business Strategy Fully-Pressurized LPG Fleet Market Share1 Other, 75.0% Built-In Growth Other, 86.0% StealthGas, + $42mil free cash 14.0% StealthGas, + $110mil offering proceeds 25.0% + 60-70% leverage = $400mil for investments Current Fleet: 33 LPG Vessels Targeted Fleet: ~50-55 LPG Vessels Leadin
Slide 4: Fleet Development
Fleet Development Contracted 9 LPG vessels ( 3 secondhand and 6 newbuildings) Investments in modern vessels and newbuilding LPG carriers 3
Slide 5: 2013 Income Statement
2013 Income Statement In US$ 000, except per share Q1 2012 Q1 2013 amounts Net Revenues $29,123 $29,447 Voyage Costs 2,592 3,471 Running Costs 7,665 7,962 Operating Income 10,119 8,424 Net Income 7,380 6,459 Net Income, adjusted 5,219 5,320 EBITDA 16,825 15,754 EPS 0.36 0.31 EPS, adjusted 0.25 0.26
Slide 6: Balance Sheet
Balance Sheet December 31, March 31, 2012 2013 Cash and Cash Equivalents incl. restricted 50,913,655 52,330,647 Current Assets excl. cash 6,649,752 7,419,953 Advances for vessels under construction 19,321,045 19,428,115 Vessels, net 634,634,671 627,300,450 Other assets 1,519,908 1,553,600 Total Asse
Slide 7: 2013 Q1 Operating Highlights
2013 Q1 Operating Highlights Fleet Data Q1 2012 Q1 2013 Average number of vessels in fleet 37.0 37.0 Period end number of vessels in fleet 37 37 Total calendar days for fleet 3,367 3,330 Total voyage days for fleet 3,265 3,307 Fleet utilization 97.0% 99.3% Total charter days for fleet 2,962 2,789 To
Slide 8: Fleet Employment Profile
Fleet Employment Profile Charter Type Contract coverage 4 vessels added in the spot market, 4 vessels had their charters extended or placed into new charter. 3 vessels coming off their time charters in 2013 77% voyage days fixed for 2013 – 47% voyage days fixed for 2014 – 27% voyage days fixed for 2
Slide 9: LPG Shipping is a Resilient and Growing Sector
LPG Shipping is a Resilient and Growing Sector Seaborne Trade in LPG and Petrochemicals (Metric Tons in Millions) (YoY % Growth) LPG Petrochemicals YoY Growth 120 107.1 22.0% 4.5% 10-Yr. CAGR 102.3 95.5 100 90.4 14.0 86.8 14.1 17.0% 75.9 79.2 13.6 74.1 75.6 13.3 93.1 80 69.7 71.0 13.2 88.3 10.7 12.1
Slide 10: LPG Trade Historically Driven by Middle East Exports to Asia
LPG Trade Historically Driven by Middle East Exports to Asia Major LPG Trades (% Total Ton-NM, 2012) Middle East Export Growth by Destination – 2012 Tonnes Growth % 14 13.3 30% 25.0% 12 25% 10 19.0% 20% 14.0% 15.0% 8 11.0% 15% 6 6.0 Middle East -> 3.7 4.5 10% Asia 64% 4 N. America -> 6.0% 2.3 2 1.5
Slide 11: U.S. Shale Gas is a Game Changer
U.S. Shale Gas is a Game Changer Demand for U.S. Exports Continues to Increase U.S. LPG Export Growth LPG produced in the U.S. is the cheapest in the world due to (Metric Tons in Millions) Europe Asia Latin America surging production 14.0 LPG needs to be shipped due to limited domestic demand, high
Slide 12: Limited LPG Fleet Growth Has Led to Greater Charter Rate Stability
Limited LPG Fleet Growth Has Led to Greater Charter Rate Stability Key Supply Dynamics Orderbook as % of Fleet1 The LPG space remains smaller than other shipping 30.0% 24.7% segments with a negative fleet growth currently 25.0% projected from 2013 onwards 19.1% 18.9% 20.0% More than 20% of the 3,000
Slide 13: Contacts
Contacts Company Contact: Konstantinos Sistovaris Visit our Website at: Chief Financial Officer www.stealthgas.com StealthGas Inc. Weekly LPG Market Report 011-30-210-6250-001 updated every Monday E-mail: sistovaris@stealthgas.com Comprehensive Investor www.stealthgas.com Relations Information 18