Global Ship Lease Inc New · NYSE:GSL
Global Ship Lease Inc New — Global Ship Lease — Q3 2010 Earnings Presentation
10 slides from Global Ship Lease Inc New's earnings presentation, 2010
Slide 1: Third Quarter 2010 Presentation
Third Quarter 2010 Presentation 0
Slide 2: Safe Harbor Statement
Safe Harbor Statement This communication contains forward-looking statements. Forward-looking statements provide Global Ship Lease’s current expectations or forecasts of future events. Forward-looking statements include statements about Global Ship Lease’s expectations, beliefs, plans, objectives, i
Slide 3: Disclaimer
Disclaimer The financial information and data contained in this communication is unaudited and does not conform to the U.S. Securities and Exchange Commission Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, Global
Slide 4: Global Ship Lease: Q3 2010 Highlights
Global Ship Lease: Q3 2010 Highlights Reported revenue of $40.0 million for the third quarter of 2010 and $118.8 million for the nine months ended September 30, 2010 EBITDA for the third quarter of 2010 was $25.8 million and $82.5 million for the nine months ended September 30, 2010 Generated $15.5
Slide 5: German vessels - update
German vessels - update Reached agreement with the sellers to convert the purchases, due in December 2010 for a total price of $77.4 million each for which financing was not available, to options GSL releases the deposits of $8.1 million each, pays a further amount of $6.1 million each and transfers
Slide 6: Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes
Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes 5
Slide 7: Q3 2010 Financials
EER co 4 GLOBAL SHIP LEASE Q3 2010 Financials
Slide 8: Financial Results
Financial Results Three months ended Nine Months September 30 September 30 (Unaudited) (Unaudited) ($ in thousands) 2010 2009 2010 2009 Operating revenues $40,040 $37,623 $118,802 $108,824 Operating expenses Vessel operating expenses 10,936 10,285 30,684 31,517 Depreciation 10,100 9,469 29,955 27,24
Slide 9: Balance Sheet
Balance Sheet September 30, 2010 December 31, 2009 ($ in thousands) (Unaudited) (Unaudited) Assets Cash and cash equivalents 29,335 30,810 Restricted cash 19,261 3,026 Accounts receivable 6,576 7,838 Prepaid expenses 1,631 685 Other receivables 969 613 Deferred tax 284 285 Deferred financing costs 9
Slide 10: Global Ship Lease
Le GLOBAL SHIP LEASE