Costamare Inc. · NYSE:CMRE
Costamare — Q1 2026 Earnings Presentation
18 slides from Costamare's earnings presentation, Apr 29, 2026
Slide 1: First Quarter 2026 Financial Results Conference Call
First Quarter 2026 Financial Results Conference Call April 29, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain “forward-looking statements” (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). All statements, other than statements of historical facts, that address activities, events or developments that Cost
Slide 3: Highlights (1/5)
Highlights (1/5) Financial Results ➢ Q1 2026 Adjusted Net Income from Continuing operations(1) available to common stockholders(2) of $76.0 million ($0.63 per share). ➢ Q1 2026 Net Income from Continuing operations(1) available to common stockholders of $75.3 million ($0.62 per share). ➢ Q1 2026 liq
Slide 4: Highlights (2/5)
Highlights (2/5) Strategic Fleet Growth Backed by Long-Term Employment ➢ Entered into 16 shipbuilding contracts with strong charter coverage, resulting in incremental contracted revenues of $2.8 billion (1). - Twelve 9,200 TEU-capacity vessels to be delivered between Q3 2028 and Q2 2030, each backed
Slide 5: Highlights (3/5)
Highlights (3/5) Newbuilding Program Overview Under Increase in TEU- 22 vessels construction in total. 1.9 years weighted average duration of our charters. Pre- and Post- Delivery Announced Vessels TEU Expected Delivery Charter Coverage Financing April 2026 12x 9,200 Q3 2028 – Q2 2030 15-year charte
Slide 6: Highlights (4/5)
Highlights (4/5) Newbuildings’ Impact on Fleet TEU-Weighted Average Age Reduction in TEU-Weighted Average Fleet Age 21,0 20,0 • 3.7-year reduction in 19,0 18,5 average fleet age by 2030 • Age benefit increases each 17,7 18,0 year, from 0.4 years in 2027 3,7 to 3.7 years in 2030. 17,0 16,7 16,4 3,2 •
Slide 7: Highlights (5/5)
Highlights (5/5) Sale and Purchase Activity – Secondhand Vessels ➢ Vessel Acquisitions - Agreement for the acquisition of two 2001-built, 5,600 TEU capacity containerships with expected delivery in Q4 2026. - Upon delivery, each vessel shall commence a 42-month time charter with a leading liner oper
Slide 8: Container Market Environment
Container Market Environment Charter Rates (1) 12m Timecharter Rates ➢ Charter market remains firm, with rising charter rates driven 160 000 by sustained demand. Freight rates have also strengthened, 120 000 although not all routes are enjoying the same increasing trend. 80 000 40 000 ➢ Escalating a
Slide 9: Thank You! Q&A
COSTAMARE ING. Thank You! Q&A
Slide 10: Appendix I – Net Income to Adj. Net Income Reconciliation
Appendix Ι – Net Income to Adj. Net Income Reconciliation Adjusted Net Income from continuing operations available to common stockholders and Adjusted Earnings per Share Expressed in thousands of U.S. dollars, Three-month period ended March 31 from continuing operations represent Net Income from con
Slide 11: Appendix II – Containership Operating Fleet Charter Status (1/8)
Appendix II – Containership Operating Fleet Charter Status (1/8) (1) Charterer Age Vessels 10 THESEUS 10 TAURUS / Confidential 10 TALOS 10 TITAN 12,000 – 15,000 TEUs 10 TRITON 5 YM TIPTOP 10x Vessels 5 YM TARGET 6 YM TOTALITY 6 YM TRUTH 6 YM TRIUMPH Apr/26 Apr/27 Apr/28 Apr/29 Apr/30 Apr/31 Apr/32 A
Slide 12: Appendix II – Containership Operating Fleet Charter Status (2/8)
Appendix II – Containership Operating Fleet Charter Status (2/8) Charterer Age Vessels(1) 13 VANTAGE 13 VALENCE 13 VALIANT 13 VALUE 7,500 – 10,000 TEUs 13 VALOR 18x Vessels 12 MSC AMALFI / Confidential 12 MSC AJACCIO 12 MSC AZOV 16 NAVARINO 13 MSC ATHOS 13 MSC ATHENS / Confidential 30 KOTKA / Confid
Slide 13: Appendix II – Containership Operating Fleet Charter Status (3/8)
Appendix II – Containership Operating Fleet Charter Status (3/8) (1) Charterer Age Vessels / Confidential 23 METHONI 22 ARGUS / Confidential 25 PORTO CHELI 5,000 – 7,500 TEUs 22 ARIES 13x Vessels KOWLOON 21 23 ZIM VIETNAM 23 ZIM AMERICA 26 TAMPA I 20 GLEN CANYON / Confidential 30 KURE 20 MAERSK PUEL
Slide 14: Appendix II – Containership Operating Fleet Charter Status (4/8)
Appendix II – Containership Operating Fleet Charter Status (4/8) (1) Charterer Age Vessels 13 MARATHOPOLIS / Confidential 13 MEGALOPOLIS 17 GIALOVA 1,000 – 5,000 TEUs / Confidential 16 ANDROUSA 23x Vessels / Confidential 24 ULSAN 18 TRADER / Confidential 21 ETOILE 16 VULPECULA / Confidential 25 LUEB
Slide 15: Appendix II – Containership Operating Fleet Charter Status (5/8)
Appendix II – Containership Operating Fleet Charter Status (5/8) Charterer Age Vessels (1) 17 VIRGO 18 DYROS 1,000 – 5,000 TEUs 15 NEOKASTRO 23x Vessels 12 LEONIDIO / Confidential 12 KYPARISSIA / Confidential 25 ARKADIA 19 SCORPIUS 8 POLAR BRASIL 26 AREOPOLIS 22 LAKONIA Apr/26 Apr/27 Apr/28 Apr/29 A
Slide 16: Appendix II – Containership Operating Fleet Charter Status (6/8)
Appendix II – Containership Operating Fleet Charter Status (6/8) (1) Charterer Vessels NEWBUILDING 1 NEWBUILDING 2 NEWBUILDING 3 9,200 TEUs NEWBUILDING 4 12x Newbuilding Vessels NEWBUILDING 5 NEWBUILDING 6 NEWBUILDING 7 NEWBUILDING 8 NEWBUILDING 9 NEWBUILDING 10 NEWBUILDING 11 NEWBUILDING 12 Apr-26
Slide 17: Appendix II – Containership Operating Fleet Charter Status (7/8)
Appendix II – Containership Operating Fleet Charter Status (7/8) (1) Charterer Vessels NEWBUILDING 1 Confidential NEWBUILDING 2 NEWBUILDING 3 3,100 TEUs NEWBUILDING 4 10x Newbuilding Vessels NEWBUILDING 5 Confidential NEWBUILDING 6 NEWBUILDING 7 NEWBUILDING 8 NEWBUILDING 9 NEWBUILDING 10 Apr-26 Apr-
Slide 18: Appendix II – Containership Operating Fleet Charter Status (8/8)
Appendix II – Containership Operating Fleet Charter Status (8/8) (1) Charterer Vessels 5,610 TEUs NEW ACQUISITION 1 2x Secondhand Vessels Confidential NEW ACQUISITION 2 Apr-26 Apr-27 Apr-28 Apr-29 Apr-30 Note 1. Assuming vessels delivery in November 2026 and earliest redelivery date. 18