Stealthgas, Inc. · NASDAQ:GASS
Stealthgas — Q1 2021 Earnings Presentation
14 slides from Stealthgas's earnings presentation, May 26, 2021
Slide 1: StealthGas Inc. Q1 2021 Financial and Operating Results
SteatlhGas Inc. | Q1 2021 Financial and Operating Results | May 26, 2021
Slide 2: Disclaimer
| Disclaimer This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be dee
Slide 3: StealthGas Key Highlights
1| Highlights| StealthGas Key Highlights |Fleet & Operations • Fleet utilization of 98.7%- with 50 days of technical off hire mainly as a result of one drydocking completed within Q1 2021. • Operational utilization of 93.1% mainly due to 15 of our ships having a predominant presence in the spot mark
Slide 4: Fleet Employment Analytics (As of May 2021)
1| Highlights| Fleet Employment Analytics (As of May 2021) 2021 EARNINGS VISIBILITY Q2 2021 Q3 2021 Q4 2021 Vessel Charter End Date May Jun Jul Aug Sep Oct Nov Dec Name Type Rate 1 Eco Elysium TC June 2024 2 Gas Myth TC Jan 2023 3 Gas Galaxy TC Sep 2022 4 Falcon Maryam BB Sep 2022 • 10 new period ch
Slide 5: Summary of our Two JVs
1| Highlights| Summary of our Two JVs Small LPG JV Structure- 1 • Two out of the five vessels of our JV scheme comprising mostly of small LPGs, are currently 2021 under time charter contracts. EARNINGS VISIBILITY Q2 2021 Q3 2021 Q4 2021 Vessel Charter End Date May Jun Jul Aug Sep Oct Nov Dec Name Ty
Slide 6: LPG Fleet Trading Profile
Rest France Spain UK 1| Highlights| LPG Fleet Trading Profile EU-16 vessels Norway Netherlands Portugal • StealthGas focuses on regional trade and local distribution of gas. • Fleet trading pattern is geographically diversified and is continuously adjusted to market needs. • Our LPG fleet (incl. sem
Slide 7: Income Statement Q1 2020 vs Q1 2021
2| Financials| Income Statement Q1 20 vs Q1 21 Income Statement Q1 Q1 (Amounts in USD'000s) 2020 2021 Comparing Q1 2020 to Q1 2021 Voyage revenues 34,377 37,416 - Revenues came in at $37.4 million in Q1 21’ marking an increase of $3.0 million Voyage costs (2,817) (6,933) (8.9%) compared to the same
Slide 8: Performance Highlights & Analysis
2|Financials |Performance Highlights & Analysis |Performance Highlights Fleet Data Q1 2020 Q1 2021 Period end number of owned vessels in fleet 41 42 • Operational utilization of about 93% as a result of the increased Total calendar days for fleet 3,811 3,745 spot activity, leading to higher number o
Slide 9: Balance Sheet 3M 2021
2|Financials | Balance Sheet 3M 2021 Balance Sheet (Amounts in $'000s) 12M 2020 3M 2020 Assets Available cash 38,242 37,022 • Liquidity on GASS balance sheet, including restricted cash, is $53 million while Current assets excl. cash 9,811 14,145 as to date we have no further capital expenditure i.e
Slide 10: LPG Sector Highlights & Trends
3|Market update| LPG Sector Highlights & Trends • During the first quarter of 2021, market sentiment firmed due to the increase in |Total LPG demand for new PDH capacities (‘000 tonnes) demand from India and China. Imported LPG Domestic LPG 9,000 • Going forward, LPG demand in Asia will be driven by
Slide 11: LPG Sector Highlights & Trends
3|Market update| LPG Sector Highlights & Trends • During Q1 21’- rates for small LPGs marked a slight increase compared to Q4 20- but still remain far from pre-pandemic levels. Focusing on LPG trade: |Small LPG Daily Charter Rates Evolution ($) • West of Suez: Indeed, the effects of COVID-19 are sti
Slide 12: Share Performance
4|Share Performance Crude Oil StealthGas Inc. Dorian Lpg Ltd Navigator Holdings Ltd. 50% 40% 30% 20% 10% 0% -10% -20% -30% 1/1/2021 2/1/2021 3/1/2021 4/1/2021 5/1/2021 • Since the beginning of 2021 the majority of shipping stocks followed a correlation to oil price increases. • It is expected that a
Slide 13: Outlook, Forecast, Considerations Going Forward
5|Outlook|Forecast|Considerations Going Forward • Given the turbulent and uncertain market, it is quite difficult to predict revenue and profitability. • Below are key variables that will affect our performance going forward. |GASS Financial & Market Forecast Considerations ❖ Significant operating l
Slide 14: Why StealthGas?
5|Outlook|Why StealthGas? StealthGas Strengths Positive Market Drivers Our Company’s core value lies on the following: Market Factors that will positively affect our segment and consequently our Company: ✓ Conservative chartering policy and capital structure management with total (incl. JVs) secured