Taylor Maritime Limited · LSE:TMI
Taylor Maritime — Q4 FY24 Earnings Presentation
11 slides from Taylor Maritime's earnings presentation, Apr 25, 2025
Slide 1: Q4 FY24 Trading Update
Q4 FY24 Trading Update 25 April 2025 Strictly Private and Confidential
Slide 2: Disclaimer
Strictly Private & Confidential Disclaimer Important disclosures - NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES (SAVE AS PROVIDED HEREIN), AUSTRALIA, SOUTH AFRICA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLA
Slide 3: Fourth Quarter Review – Highlights
Strictly Private & Confidential Fourth Quarter Review – Highlights Eleven new vessel sales plus completion of previously announced sale expected to generate combined proceeds of $186.4 million putting TML on course to zero net bank debt by September 2025 Operating Performance Capital Allocation Port
Slide 4: Fourth Quarter Review – Charter Market
Strictly Private & Confidential Fourth Quarter Review – Charter Market US tariffs and retaliatory measures taken in response have increased uncertainty and led to concerns around broader macroeconomic deterioration although the direct impact on dry bulk trade has thus far been limited Handysize & Su
Slide 5: Fourth Quarter Review – Portfolio Deployment for the Combined Fleet
Strictly Private & Confidential Fourth Quarter Review – Portfolio Deployment for the Combined Fleet Combined Fleet Time Charter Equivalent (“TCE”) for the quarter averaged $10,252 per day Est. TCE per day* at quarter end ($) Forward Coverage – Financial Year 2025 Forward Coverage TCE Earnings: $13,1
Slide 6: TM Planned Debt Reduction – Next 6 Months
Strictly Private & Confidential TM Planned Debt Reduction – Next 6 Months Accelerated vessel sales and our proactive strategy to strengthen the balance sheet are expected to result in c.$203 million debt reduction by September 2025 300m TM PLANNED DEBT REDUCTION – NEXT 6 MONTHS 250.1m 250m 200m US$
Slide 7: Cash Breakeven Overview for Q4 FY2024
Strictly Private & Confidential Cash Breakeven Overview for Q4 FY2024 Fleet Breakeven Analysis for Q4 FY24 ($ per ship, per day) $14,000 $2,042 $13,886 $12,000 $600 $581 $1,398 $10,000 $2,238 $8,000 $7,027 $6,000 $4,000 $2,000 $0 Opex* G&A Interest expenses DD Reserves Debt repayment Dividend Group
Slide 8: Outlook – Demand Fundamentals
Strictly Private & Confidential Outlook – Demand Fundamentals Trade wars and geopolitical uncertainty leading to a more subdued demand outlook in the short-term although shifting trade patterns could negate impact of tariffs and other trade barriers Commentary Grain and minor bulk trade development
Slide 9: Outlook – Supply Fundamentals
Strictly Private & Confidential Outlook – Supply Fundamentals 10.5% of the Handysize fleet and 5.7% of Supra/Ultramax fleet reaching 25 years or older in 2025 Geared dry bulk supply development (dwt m) Handysize and Supra/Ultramax Newbuild, Resale and Secondhand Prices 40 30% 45 61-64.5k dwt Ultra N
Slide 10: Strategic Priorities
Strictly Private & Confidential Strategic Priorities TML maintains strong conviction in the medium-term investment opportunity set SHORT-TERM FOCUS: ◼ Further deleveraging through select asset disposals ($413 million in debt reductions over past two years once vessel sales complete) – on course to z
Slide 11: Questions
Strictly Private & Confidential Questions Strictly Private and Confidential