Bw Lpg — Marine Money June 2014

6 slides from Bw Lpg's conference presentation, June 2014

Slide 1: BW LPG Marine Money June 2014
BW LPG Marine Money June 2014
Slide 2: Important information and disclaimer
Important information and disclaimer This presentation has been produced by BW LPG Limited (“BW LPG”) exclusively for information purposes. This presentation may not be reproduced or redistributed, in whole or in part, to any other person. Matters discussed in this presentation and any materials dis
Slide 3: Investor base on IPO and subsequent
Investor base on IPO and subsequent  BW Group: < 45%. Note change in control clause on debt (35%)  Our remaining shareholdings are fairly evenly split between the US, Scandinavia, and ‘other Western Europe’ Shareholder Domicile  Retail investors are still relatively limited outside Norway, where
Slide 4: Growth expectations
Growth expectations  Our shareholders have expected (and received) extraordinary growth – and demand more in the coming year Analyst consensus estimates (USD millions)  Expectations reflect some softening by 2016, with orderbook at approximately 50% of the VLGC fleet size 600.0  Expansion beyond
Slide 5: What we watch when managing expectations
What we watch when managing expectations  US exports US LPG imports / exports (annual vol.) – Terminal capacity build-out and new commitments (positive trend) 25.0 – Proportion of LPG captured finding its way to export markets 20.0 – Destinations of US cargoes (increasing average distances)  LPG p
Slide 6: Slide 6