Ultrapetrol (bahamas) Limited · OTC:ULTRF
Ultrapetrol (bahamas) — Q1 2010 Earnings Presentation
26 slides from Ultrapetrol (bahamas)'s earnings presentation, May 14, 2010
Slide 1: First Quarter 2010 Earnings Presentation
First Quarter 2010 Earnings Presentation May 14, 2010
Slide 2: Forward-looking statements disclaimer
Our disclosure and analysis in this presentation concerning our operations, cash flows and financial position, including, in particular, the likelihood of our success in developing and expanding our business, include forward- looking statements. Statements that are predictive in nature, that depend
Slide 3: Ultrapetrol's 1Q 2010 Highlights
Ultrapetrol’s 1Q 2010 Highlights (1) Includes discontinued operations (2) A reconciliation of Adjusted EBITDA and Adjusted Net Income to US GAAP measures is available on the Appendix to this presentation (3) Please refer to our 6-K filed May 13, 2010, with US SEC for a full disclosure on Non-Cash Lo
Slide 4: Ultrapetrol
i ULTRAPETROL
Slide 5: River Business 1Q 2010 Highlights
River Business 1Q 2010 Highlights
Slide 6: 1Q 2010 vs 1Q 2009 - Breakdown per Ton Transported
1Q 2010 vs 1Q 2009 - Breakdown per Ton Transported
Slide 7: River Business 1Q Overview and Outlook
River Business 1Q Overview and Outlook
Slide 8: River Business Outlook
River Business Outlook • Pro-Forma Assumptions:
Slide 9: Offshore Supply
MB \ ssesccr0. Offshore Supply
Slide 10: Offshore Supply Business 1Q 2010 Highlights
Offshore Supply Business 1Q 2010 Highlights
Slide 11: Offshore Supply Business 1Q 2010 Overview
Offshore Supply Business 1Q 2010 Overview Six vessels in Operation: (1) Company calculations / data (2) Includes income related to delay and loss of hire insurances in 2008 - basis calendar days (3) Excludes time lost of UP Esmeralda and UP Safira in 1Q 2010 due to positioning / waiting to commence
Slide 12: Offshore Supply Business Outlook - GPC
Offshore Supply Business Outlook - GPC (1) Gross Profit Contribution = Revenues minus Voyage Expenses minus Running Costs (2) Gross Profit Contribution of vessels can be affected by the devaluation of Brazilian Real against US Dollar (3) The $1.5 million penalty associated to the late delivery of th
Slide 13: Offshore Supply Business Outlook
3Q 10 4Q 10 UP Jasper UP Turquoise Bharati V-381 Bharati V-382 Bharati V-386 Bharati V-387 Delivery dates (informed by Yards) (1) Six vessels under construction Offshore Supply Business Outlook § Employment alternatives: (1) Deliveries have been delayed therefore these dates should not be considered
Slide 14: Ultrapetrol
ULTRAPETROL
Slide 15: Ocean Business 1Q 2010 Highlights
Ocean Business 1Q 2010 Highlights
Slide 16: Capesize Fleet 1Q 2010 Overview and Outlook
Capesize Fleet 1Q 2010 Overview and Outlook Capesize Fleet
Slide 17: Slide 17
Slide 18: 2010-2011 Total CAPEX = $121.6 Million
2010-2011 Total CAPEX = $121.6 Million
Slide 19: Quarter-on-Quarter Ultrapetrol's Income Statement
Quarter-on-Quarter Ultrapetrol’s Income Statement
Slide 20: Quarter-on-Quarter Ultrapetrol's Income Statement
Quarter-on-Quarter Ultrapetrol’s Income Statement (1) A reconciliation of Adjusted EBITDA to US GAAP measures is available on the Appendix in this presentation
Slide 21: Ultrapetrol's Balance Sheet
Ultrapetrol’s Balance Sheet
Slide 22: Thank You
Thank You Q & A
Slide 23: Appendix
Appendix (1) EBITDA consists of net income (loss) prior to deductions for interest expense and other financial gains and losses related to the financing of the Company, income taxes, depreciation of vessels and equipment and amortization of drydock expense, intangible assets, financial gain (loss) o
Slide 24: Appendix (cont'd)
Appendix (cont’d) Segment operating profit (loss) to EBITDA reconciliation
Slide 25: Appendix (cont'd)
Appendix (cont’d) Segment operating profit (loss) to EBITDA reconciliation
Slide 26: Ocean Fleet Overview
Ocean Fleet Overview (1) We entered into an MOA to acquire this vessel on February 26, 2010, and it was delivered on April 16, 2010. Appendix (cont’d)
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