Slide 1: StealthGas Inc. First Quarter 2010 Results
StealthGas Inc. First Quarter 2010 Results May 12th, 2010
Slide 2: ! " ! # " ! # " ! # " ! # "
! " ! # " ! # " ! # " ! # " ! # ! $ % & ' $ ! $ % ! $ %
Slide 3: C ( )*$ +,,-!+ +,,. / +,0, )*$ +,00 +,0+ +,0, 52(6 7,6 8+,0,
C ( )*$ +,,-!+ +,,. / +,0, 1 2 )*$ +,00 0 +,0+ 3 +,0, 4 52(6 7,6 8+,0, $ +26 8+,00 9 #039; 30+,0, :;! .-. ! 32+,,.:;! ;0+ 30+,,.:-!-+0 < 00; = +, 2 > 1 ? ? /,6 @9 * < A ! " B = C :/! /+( 30+,0, 4 :/! (;( 32+,,. :/! //. 30 # +,,. B = C :(7,, !# = :0/@ $ @ 00 !+,0, ! 7,,! ,,, $ !% &
Slide 4: B +,00 +,00!2+ +,0+ D +,,.A 0, '
B 30 +,00 1 20 +,00!2+ +,0+ D +,,.A 0, '
Slide 5: Fleet Employment Profile
Fleet Employment Profile canunesvsiury Po Vessel Navig8 Faith Navig8 Fidelity Gas Haralambos Chiltern Alpine Endurance Gas Premiership Catterick Sir Ivor Lyne Gas Exelero Gas Sikousis Gas Chios Gas Astrid Gas Flawless Gas Zael Gas Defiance Gas Monarch Gas Shuriken Gas Tiny Gas Pasha Gas Legacy Gas E
Slide 6: +,0, > * &+ + 30B = :07 ! :+-- !'C= :.. 30B :((
3 +,0, > * &+ + 30B = :07 ! :+-- !'C= :.. 30B :(( :0/ !:, ,- ! :,! ,/ ') :, ,; E ') :, 0/ ! ! F ++( :/0, $ 5 4 2(6 )
Slide 7: +,0, = - .+++/ 0! % *+1 &*+1 '*+1 (*+1 * + B &
3 +,0, = - .+++/ 0! % *+1 &*+1 '*+1 (*+1 * + B & :+.! +,/ :+;! ,;; :+-! (-2 :+-! (-0 :+-! ;/; E 0F < = .! ;+/ /! 7(+ 7! ;;+ E +,! -2(F 7! 700 E 0F B = ,! + 7! 2.0 0/. E+F E ;! +;! 0/0F 0! 702 B = ! ! ! ! 7! /., 2! +++ +! ;.( +! +;, (! +;2 E 0F 'C= -! 7+, 02! 7,0 //7 E+F E 07! 0;! 722F .! .0- E 0F E
Slide 8: +,0, < > D & 4+5 4+1 *+1 &*+1 '*+1 (*+1 * + (-7
3 +,0, < > D & 3 4+5 4+1 *+1 &*+1 '*+1 (*+1 * + (-7 2+, 2, - 207 2+. 2+- 20, ) 2, 2+ 20 2+ 2( 2+ 2, 02! 00( 0/! ((/ (! 77. (! ;-- (! .22 (! .(2 (! 7., 02! ,0- 0/! +2, (! 7/. (! ;7/ (! .0- (! -.- (! 70/ 4 ..(6 ..26 ..;6 ..26 ..(6 ..06 .-,6 0(! (0- 0+! +;7 (! 0/- (! ,++ (! 0// +! .20 +! ;7, ;,, +! .72
Slide 9: @ +,0, = 9% % 9% % - .+++/ 0! % &++1 &+ +
@ +,0, = 9% % 9% % - .+++/ 0! % &++1 &+ + B & :+.! +,/ :+-! ;/; < = .! ;+/ 7! 700 B = ,+ 0! 702 B = ! ! ! ! 7! /., (! +;2 D AE F 'C= -! 7+, .! .0- ') , ,0 , ,; ') ! ! ! ! , (, , 0/ D AE F B ! ++! 0..! 27. ++! +;7! 7-, 5
Slide 10: C 30+,0, 32+,,. $ B = C $ E : F 32+,,. 5(! .(2
C 30+,0, 32+,,. $ B = C $ E : F 32+,,. 5(! .(2 30+,0, 5(! 7., *( &++1 * &+ + 0 % : ! % : ! < /(,E0F :+! /(, E0F :+! 2-,E0F :+! 2-, E0F :+! @ !* D //2 //2 /(, /(, @ !* D ! /(/ /(/ /2( /2( @ E A F +2/ +2/ +2/ +2/ = 77( 77( 2-2 2-2 & 4 07+ 07+ 27. 27. ) +! ,+/ , +! ,,, , D 4 , 0! (-0 , 0! ;-2 9 ,/21 )/
Slide 11: ' '5 E : F ' ; &;&+ + &+ + B $ H
' '5 E : F ' ; &;&+ + &+ + B $ H 2! ,2, $ & 2! +/, I & I ) $ & EA $ C F :;.0 9 < < ' 2.+ *D @ -2 $ (0 @ $ ' +; 9 0 ,'= ( 936 < D +7( B = 0+; +
Slide 12: LPGC Freight Rates
LPGC Freight Rates Average earnings in the spot market excluding waiting time / 1 yr TC rates USD 1000's per month 800 700 600 500 400 300 200 100 INGE STEENSLAND AS 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Inge Steensland AS === 15000 SR TCE =—8000 ETH TCE ===6500 SR TCE ===3500SR lyr T
Slide 13: amp; H +,,, / $A )* ! > # !% ! &++1 > #
08 amp; H +,,, / $A )* 3 ! > # !% ! &++1 > 9 # 3 #> / $ 0/? 0/ ? @ 9 # > / @ 0/ 6 0 &
Slide 14: $ @ & = E 0+@ $F +,0, $ 3++,0, (! +,,$C@ A &
$ @ & = E 0+@ $F 30 +,0, $ 3++,0, (! +,,$C@ A & +/,! ,,, +/,! ,,, +/,! ,,, (! /,,$C@ )A & +07! ,,, ++,! ,,, ++,! ,,, /! ,,,$C@ )A & +/,! ,,, +//! ,,, +//! ,,, 7! ,,,$C@ A & 27,! ,,, 2/,! ,,, 2/,! ,,, 0/! ,,,$C@ A & 2.+! ,,, 2;/! ,,, 2;/! ,,, (/! ,,,$C@ /2(! ,,, /2,! ,,, /2/! ,,, 7,! ,,,$C@ 2/+! ,,,
Slide 15: (,,,;... H amp; A ' G % #! % ! ! " #$ &'!()
(,,,;... H amp; A ' G % #! % ! ! " #$ &'!() ! *( +,--- . / +,--- . 0$ 0$ 0$ • $ 1 • $ 5= (
Slide 16: $A B G =
" # ! % $A ! B 5 CB<&@ ? < +,,. G= )*$ 4 )
Slide 17: "H = G = G
"H #$ $; : :6 $;:6 * = "* # :00+, ,27 0,00 = G " J# :0(2- 0,2 -.0 = G " &8 # :-07 ,77 7(- B G "B # :0.;2 0/, +/0/ < B ' = G "<B H# :E ,07F .,, (.( $ ) ) GG "$) )# :+/; (00 0+-, G 5$ D 4 D$ ! @ 00 !+,0, GG 5< D$ = ! @ 00 !+,0, ,
Slide 18: K H L
$ ! > K H L 5 $ < * = L )*@ & ,00(,+0,7+/,,,0 @ ' 5 M $ = & = 2