Pacific Basin Shipping — Investor Presentation (August 2017)

4 slides from Pacific Basin Shipping's investor presentation, Aug 2, 2017

Slide 1: Summary of the Announcements on 2 Aug 17
Summary of the Announcements on 2 Aug 17 New equity-based funding enables Pacific Basin to purchase five modern ships while enhancing balance sheet strength Consideration comprises: (a) New Pacific Basin shares to sellers US$46.1m (b) Cash raised through a share placement US$38.0m (c) Existing cash
Slide 2: Five Vessel Acquisitions
Five Vessel Acquisitions Supramax Supramax Handysize Supramax Supramax Total 2014-built 2014-built 2014-built 2016-built Resale newbuild Shipbuilder Tsuneishi Tsuneishi Imabari Imabari Tsuneishi Dwt 57,964 57,964 37,503 61,244 63,700 Total consideration 17.0 17.0 21.1 * 23.5 26.0 104.6 US$m Expected
Slide 3: New Shares Issue
New Shares Issue Vessel Consideration Placing Shares Total Shares (ships’ sellers) (Institutional Investors) Total New Shares 216,903,274 shares, 186,939,553 share, 403,8425,827 shares, issued HK$1.66/share HK$1.59/share (equal to the average (equal to approx. 4.22% (equal to approx. 1.95% closing p
Slide 4: Reasons For the Acquisitions and Placement
Reasons For the Acquisitions and Placement  Secure suitable quality ships  Attractive ship acquisition opportunities that can grow and renew our fleet with modern, efficient and best design ships  Increasing our low proportion of owned Supramax ships at a time we think is attractive  Replacing c