Exmar Nv · EURONEXT:EXM

Exmar Nv — Shareholder Meeting (May 2024)

16 slides from Exmar Nv's shareholder meeting presentation, May 21, 2024

  1. Slide 1: General Assembly EXMAR

    GENERAL ASSEMBLY EXMAR May 21, 2024 General Meeting I 1 © EXMAR - All rights reserved 1

  2. Slide 2: Speakers

    Speakers Nicolas Saverys Carl-Antoine Saverys Jan Van den Eynde Executive Chairman Chief Executive Officer Director Investor Relations General Meeting I 2 © EXMAR - All rights reserved

  3. Slide 3: Agenda

    Agenda 1. EXMAR 2023 highlights 2. Shipping 3. Infrastructure 4. Supporting Services 5. ESG 6. Financial 7. Conclusion General Meeting I 3 © EXMAR - All rights reserved

  4. Slide 4: EXMAR - 2023 highlights: EXMAR in short

    1. EXMAR - 2023 highlights EXMAR in short A transformational year • Listed Euronext Brussels (EXM.BB) • Record year for VLGC freight BUSINESS • Strong MGC order book to renew and expand EXMAR fleet, • Evolution from shipbuilder reflecting high prospects for seaborne ammonia and LPG transportation (1

  5. Slide 5: Business overview

    1. Business overview Fully integrated shipowner and gas infrastructure provider 1 Shipping 2 Infrastructure 3 Supporting services EBITDA $86.1m $70.7m ($1.8m) (2023)  Leading ship owner in the transportation of  Provider of innovative floating infrastructure LPG, ammonia, petrochemical gases and s

  6. Slide 6: Shipping: Future proof fleet of midsize LPG vessels on order

    General Meeting Shipping Future proof fleet of 10 midsize LPG vessels on order General Meeting I 6 © EXMAR - All rights reserved

  7. Slide 7: Shipping: Active in the key LPG shipping segments

    2. Shipping Active in the 3 key LPG shipping segments Pressurized MGC VLGC  10 vessels (3,0k – 3.5k m³ / ° 2008 - 2010)  JV with Seapeak since November 2012  3 vessels (2 owned – 1 time chartered / 83,3k – 87,8k  Cargo: LPG & not complex petrochemical gases  Current fleet of 17 vessels: 13 owne

  8. Slide 8: Market Update Shipping

    2. Market Update Shipping  US and AG LPG exports expected to continue to grow  VLGC earnings rose to all time highs in 2023  MGC earnings supported by strong VLGC rates and increased LPG export  Weaker Chinese demand putting pressure on rates for Asian fully pressurized segment Macro environment

  9. Slide 9: Infrastructure

    Infrastructure cover slide please (picture) General Meeting I 9 © EXMAR - All rights reserved 9

  10. Slide 10: Infrastructure: Integrated provider of gas transportation and transformation solutions

    3. Infrastructure Integrated provider of gas transportation and transformation solutions  Infrastructure business gives stability through existing steady cash flow through long-term charter and operation contracts  Exmar has an extensive track record in developing floating infrastructure and is re

  11. Slide 11: Energy market update Infrastructure

    3. Energy market update Infrastructure Strong outlook for LNG demand With capacity additions steadily ramping up  LNG has an important role in assisting countries globally to meet net-zero  With Qatar and US LNG capacity additions ramping up in the coming ambitions, both as a partner to renewables

  12. Slide 12: Services - Shipmanagement

    4. Services - Shipmanagement Actively supporting Shipping & Infrastructure  Ship Management is an integral part of the product suite as it enables a feedback loop providing valuable insights allowing for further improvements and innovation  Other companies and participations are linked to Exmar’s

  13. Slide 13: Exmar takes an active stance on ESG, beyond compliance

    5. Exmar takes an active stance on ESG, beyond compliance Care of today, respect for tomorrow Environmental  High regulatory standard Governance • More than a license to operate  Gas molecules as transition  Efficient operation • Client and compliance  Strong design  Innovation & Engineering au

  14. Slide 14: EXMAR - 2023 Financial highlights

    6. EXMAR - 2023 Financial highlights An eventful year REVENUE / PROFIT  The Marine XII project in Congo, with Eni, has been driving revenue and EBITDA for the Infrastructure division.  The Midsize Gas Carrier market experienced another strong year. Building on EXMAR’s four decades of ammonia exper

  15. Slide 15: 2023 Financial highlights: Liquidity position & financing

    6. EXMAR – 2023 Financial highlights Liquidity position & financing Key financials – proportionate consolidation  The proceeds of the sale in 2022, of 100% GROUP Q1-2024 2022 2023 of the shares of Export LNG Ltd, the owning (in million USD) (audited) (audited) (unaudited) company of the TANGO FLNG,

  16. Slide 16: Concluding remarks

    7. Concluding remarks Outlook is positive • 2023 was a strong year thanks to strong fundamentals • Good market position for EXMAR given the changing energy matrix • The outlook is stable for the coming years • Uncertainties remain due to regulatory, environmental and geopolitical tensions General Me

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