Slide 1: Third Quarter & Nine Months 2007 Results
Third Quarter & Nine Months 2007 Results November 14, 2007
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 Business Strategy Implementation Continued Expansion Expanded fleet to 36 vessels in Q3 2007 A further 2 vessels already delivered in Q4 2007 bringing total to 38 vessels and 1 more to be delivered in Q1 2008, bringing total to 39 ships Moderate Leverage Third Quarter 2007 ne
Slide 4: Fleet Development
Fleet Development Our track record of growth through well-timed acquisitions will continue Acquisition strategy for fleet to number 40 vessels by end Q1 2008 and minimum of 44 ships by year end 2008 50 Follow-on 45 Initial Public Offering 2 40 Offering 1 2 1 2 35 Established 30 October 2004 25 20 38
Slide 5: Fleet Employment Profile
Fleet Employment Profile EARNINGS VISIBILITY 2007 2008 2009 Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Vessel Charter Date End Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Gas Empreror B/B Jun 2012 30 31 31 29 31
Slide 6: Third Quarter 2007 Financial Highlights
Third Quarter 2007 Financial Highlights Third Quarter 2007 Q3 Net income of $4.0 million, net revenues of $23.2 million, EBITDA of $9.7 million Q3 Net income of $6.7 million before non cash loss of $2.7 million on three interest rate swaps and a provision for restricted-stock portion of deferred sto
Slide 7: Third Quarter 2007 Income Statement
Third Quarter 2007 Income Statement In US$ 000, except per Q3 2006 Q4 2006 Q1 2007 Q2 2007 Q3 2007 share amounts Net Revenues $18,682 $20,424 $20,744 $19,880 $23,242 Operating Income 5,812 6,889 8,788 7,763 7,479 Net Income 2,094 4,818 6,622 5,689 4,000 Net Income, net of interest rate swap & stock
Slide 8: Third Quarter 2007 Operating Highlights
Third Quarter 2007 Operating Highlights Fleet Data & Daily Results Fleet Data FY06 4Q06 1Q07 2Q07 3Q07 Average number of vessels in fleet 25.9 28.0 28.7 29.3 35.1 Period end number of vessels in fleet 28.0 28.0 29.0 33.0 36.0 Total calendar days for fleet 9,451 2,576 2,579 2,723 3,231 Total voyage d
Slide 9: Nine Months 2007 Financial Highlights
Nine Months 2007 Financial Highlights Nine Months 2007 Nine Months Net income of $16.3 million, net revenues of $63.9 million, EBITDA of $33.6 million Nine Months Net income of $18.8 million before non cash loss of $2.4 million on three interest rate swaps and a provision for restricted stock-based
Slide 10: Nine Months 2007 Income Statement
Nine Months 2007 Income Statement In US$ 000, except per 9M 2006 9M 2007 share amounts Net Revenues $52,835 $63,866 Operating Income 18,854 24,029 Net Income 13,675 16,312 EBITDA 26,467 33,644 EPS 0.97 0.99 EPS, net of interest rate swap and stock-based 0.98 1.14 compensation Number of Shares 14,080
Slide 11: Nine Months 2007 Operating Highlights
Nine Months 2007 Operating Highlights Fleet Data & Daily Results Fleet Data 9M 06 9M 07 Average number of vessels in fleet 25.3 31.3 Period end number of vessels in fleet 28.0 36.0 Total calendar days for fleet 6,875 8,533 Total voyage days for fleet 6,782 8,467 Fleet utilization 98.7% 99.2% Total c
Slide 12: Daily Breakeven
Daily Breakeven Q3 2007 vs Q2 2007 Daily Cashflow and Net Income Breakeven Composition ($ per vessel per day) Q2 2007 fleet calendar days: 2,723 Q3 2007 fleet calendar days: 3,231 Q2 2007 Q3 2007 Expenses Cash Flow Net Income Cash Flow Net Income Operating $2,037 $2,037 $2,046 $2,046 Management Fees
Slide 13: Financial Estimator
Financial Estimator ($ in millions) 38 Vessels 2007E Spot Voyage Days 143 Daily Spot Charter Rate - 4,250 cbm vessel ? Spot Revenue ? Period Charter Revenue (T/C and Bareboat) $86.5 Total Revenue ? Operating Expenses 28.0 SG&A and Management Fees 7.7 Commissions 2.5 Maintenance CapEx 1.0 Total Expen
Slide 14: Reducing Reliance Upon Third Party Managers
Reducing Reliance Upon Third Party Managers Year End 2006 May 21, 2007 1 2 5 1 8 7 7 5 5 Stealth Maritime Tesma Sw an Hanseatic V Ships Stealth Maritime EMS Sw an V Ships Novem ber 4, 2007 August 10, 2007 1 1 8 8 10 11 6 7 Stealth Maritime EMS Sw an V Ships Stealth Maritime EMS Sw an V Ships 13 Stea
Slide 15: Low Volatility in Freight Rates
Low Volatility in Freight Rates USD 1000'sper month 700 600 15000 SRTCE 500 8000 ETH TCE 400 6500 SRTCE 300 3500 SR1yr TC 200 3500 PR1yr TC east 100 INGE STEENSLAND AS 2000 2001 2002 2003 2004 2005 2006 2007 Note: Average earnings in the spot market excluding waiting time / 1 yr TC rates. Source: In
Slide 16: Charter Market Rate Indicator (12 Month TCs)
Charter Market Rate Indicator (12 Month TCs) Q3 2007 Average Current Q4 2007 Forecast 3,200 CBM S/R 310,000 310,000 330,000 3,500 CBM P/R 246,154 250,000 250,000 5,000 CBM P/R 300,000 330,000 340,000 6,000 CBM S/R 494,231 525,000 525,000 15,000 CBM S/R 750,000 750,000 800,000 38,000 CBM 925,000 950,
Slide 17: TC equiv. spot earnings
3000-7999 cbm Fleet Development Vs. TC Rates/Earnings* TCrates in USD 1000'sper month (lines) 600 20% Fleet growth in %(bars) 500 15% TCequiv. spot earnings 400 10% 300 5% 200 0% 100 -5% - -10% 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Overall 3000-7999 fle
Slide 18: Contacts
Contacts Company Contact: Andrew J. Simmons Visit our Website at: Chief Financial Officer www.stealthgas.com StealthGas Inc. 011-30-210-6250-001 E-mail: simmons@stealthgas.com Weekly LPG Market Report www.stealthgas.com updated every Monday Investor Relations/Media: Comprehensive Investor Nicolas Bo