Pangaea Logistics Solutions Ltd. · NASDAQ:PANL
Pangaea Logistics Solutions — Investor Presentation (January 2022)
17 slides from Pangaea Logistics Solutions's investor presentation, January 2022
Slide 1: Winter 2022 Update
NASDAQ: PANL Winter 2022 Update
Slide 2: Safe Harbor
SAFE HARBOR This presentation may include certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea’s and man
Slide 3: We are a unique dry bulk shipping owner and operator
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D We are a unique dry bulk shipping owner and operator managed from Newport, RI Denmark Greece Commercial Technical United States Headquarters/Commercial Singapore • We own 25 ships Commercial • We have on short term charter in approximately 25-35 s
Slide 4: We ship major and minor dry bulk commodities around the world
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D We ship major and minor dry bulk commodities around the world • Iron ore • Bauxite • Aggregates • Iron products and steel feedstock • Coal • Fertilizer • Cement and clinker • Agricultural *FY2021 in Metric Tons
Slide 5: Positive dry bulk shipping market fundamentals
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Positive dry bulk shipping market fundamentals Ship supply constraints • Low order book • Favorable world fleet age profile • Environmental regulations • Congestion Steady demand • Positive ton mile projections • Global economic growth Source: Cla
Slide 6: Pangaea's A/B/C Sustainable Platform
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D PANGAEA’S A/B/C SUSTAINABLE PLATFORM not reliant on high cargo rates A Ice Class Niche Use ships as tools to implement cargo strategies that build deeper customer relationships B Cargo Focused Owner/Operator Demonstrated industry leading TCE p
Slide 7: A: Ice Class Niche
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D A/B/C Sustainable Business Approach to Shipping not reliant on high cargo rates A Ice Class Niche Niche Trades deliver premium returns: Ice and Arctic Specialization +800,000 deadweight tons Average age < 5 years *Vessels are owned 2/3rd by Pangae
Slide 8: B: Cargo Focused Owner/Operator
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D A/B/C Sustainable Business Approach to Shipping Pangaea Days* B Cargo Focused Owner/Operator Cargo Focus Responds to Customer Needs • Ten-year contracts, direct industrial/trading relationships provide stream of fixed revenue for stability in - Ow
Slide 9: Market Volatility: Risk and Opportunity
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Market Volatility: Risk and Opportunity • Rising market: Owned open shipping days directly benefit Cargo bookings risk losses if not covered Low cost chartered in fleet profits • Falling market: Owned ships still profitable Cargo bookings profitab
Slide 10: C: Port, Project, and Logistics Services
PA N G A E A LO G I S I T I C S S O L U T I O N S LT D A/B/C Sustainable Business Approach to Shipping Moriusaq, Greenland C Port, Project, and Logistics Services • Pop-up port utilizing Pangaea owned barge Logistics reach for cargo control, extra margin, complements fleet capacity • Trial shipment
Slide 11: Revenue and income sustainability, experienced people, and good governance
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Revenue and income sustainability, experienced people, and good governance People are the Keys to Pangaea’s Success: • Long term contracts with longstanding customers • Expanding relationships and services • Intellectual curiosity in approach to n
Slide 12: Result: We Outperform Peers
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Result: We Outperform Peers 28 April 2021 9:51 GMT By Joe Brady in Stamford
Slide 13: 2021 Timely Secondhand Acquisitions
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D 2021 Timely Secondhand Acquisitions in millions USD Panamax 1A Bulk Courageous Bulk Promise Bulk Valor Bulk Concord Total Purchase Price 22.5 16.5 18.3 17.8 19.9 95.0 Debt Proceeds 7.5 12 12.8 13.4 15 60.7 Capital Deployed 15 4.5 5.5 4.5 4.9 34.3
Slide 14: Management has consistently demonstrated an ability to execute a long-term strategy
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Management has consistently demonstrated an ability to execute a long-term strategy through the dry bulk cycle STRONG PERFORMANCE THROUGH THE WORST MARKETS US$m BDI 280 2,400 2 1 4 2 2 2* 260 247 240 2,100 225 228 221 220 1,800 200 180 162 1,500 1
Slide 15: TCE Outlook
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D TCE Outlook * Q4 21 estimated TCE performance based on shipping days performed through December 7, 2021 ** Average of the published Panamax and Supramax index net of commission
Slide 16: The Pangaea Difference: A Sustainable Business Approach to Shipping
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D The Pangaea Difference: A Sustainable Business Approach to Shipping • Unique Attack niche markets Fix contract coverage Employ flexible charter-in fleet • Industrial Address long term customer needs Deliver logistics capabilities • Dynamic Micro-f
Slide 17: Thank You
T H A N K YO U
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