Ultrapetrol (bahamas) Limited · OTC:ULTRF
Ultrapetrol (bahamas) — Q3 2010 Earnings Presentation
30 slides from Ultrapetrol (bahamas)'s earnings presentation, Nov 12, 2010
Slide 1: Third Quarter 2010 Earnings Call Presentation
Third Quarter 2010 Earnings Call Presentation November 11, 2010
Slide 2: Forward-looking statements
Our disclosure and analysis in this presentation concerning our operations, cash flows and financial position, including, in particular, the likelihood of our success in developing and expanding our business, include forward-looking statements. Statements that are predictive in nature, that depend u
Slide 3: Ultrapetrol's 3Q 2010 vs. 3Q 2009 & Subsequent Events Highlights
Ultrapetrol’s 3Q 2010 vs. 3Q 2009 & Subsequent Events Highlights (1) Includes discontinued operations (2) A reconciliation of Adjusted EBITDA and Adjusted Net Income to US GAAP measures is available on the Appendix to this presentation (3) Please refer to our 6-K filed November 10, 2010, with US SEC
Slide 4: Ultrapetrol
ULTRAPETROL
Slide 5: River Business 3Q 2010 Highlights
River Business 3Q 2010 Highlights
Slide 6: 9-m 2010 vs 9-m 2009 Breakdown per Ton Transported
Difference 9-m 10 vs. 9-m 09 Decrease in Other Voyage Expenses (Excluding Fuel) $1.27 or -27% Decrease in Running Costs $1.08 or -11% Total decrease in Operating Costs (Excluding Fuel ) $2.35 or -17% 9-m 2010 vs 9-m 2009 - Breakdown per Ton Transported
Slide 7: River Business 3Q 2010 Overview and Outlook
River Business 3Q 2010 Overview and Outlook • River Business results have been robust during 3Q 10 and nine months ended September 2010 • Iron ore production levels have normalized after a drop during 2009 • More efficient cost structure will allow higher margins as volume increases (1) Source: USDA
Slide 8: Total Added Capacity
Total Added Capacity Only player in Hidrovia with significant barge-building capability
Slide 9: River Business Outlook - Pro-Forma
River Business Outlook - Pro-Forma (1) Source: Company estimates
Slide 10: Offshore Supply
i ULTRAPETROL Offshore Supply
Slide 11: Offshore Supply Business 3Q 2010 Highlights
Offshore Supply Business 3Q 2010 Highlights
Slide 12: Offshore Supply Business 3Q 2010 Overview
Offshore Supply Business 3Q 2010 Overview Six vessels in Operation in Brazil: (1) Company calculations / data (2) Includes income related to delay and loss of hire insurances in 2008 - basis calendar days Our 6 PSVs are now operating in Brazil for Petrobras on 3-4 year term contracts with earnings w
Slide 13: Well positioned to profit from developments in booming Brazilian market
Well positioned to profit from current & future developments in booming Brazilian market: $224 Bn CAPEX
Slide 14: > > > > |
> > > > |
Slide 15: Offshore Supply Business Outlook
Offshore Supply Business Outlook (1) Source: Company estimates
Slide 16: Ultrapetrol
ULTRAPETROL
Slide 17: Ocean Business 3Q 2010 Highlights
Ocean Business 3Q 2010 Highlights
Slide 18: Slide 18
Slide 19: Liner Service
Liner Service M.V. Asturiano
Slide 20: Container Vessel Outlook
Container Vessel Outlook
Slide 21: Ocean Business Outlook
Ocean Business Outlook (1) Source: Company estimates
Slide 22: 4Q 2010-2011 Total CAPEX = $123.4 Million
4Q 2010-2011 Total CAPEX = $123.4 Million
Slide 23: Quarter-on-Quarter Ultrapetrol's Income Statement
Quarter-on-Quarter Ultrapetrol’s Income Statement
Slide 24: Quarter-on-Quarter Ultrapetrol's Income Statement
Quarter-on-Quarter Ultrapetrol’s Income Statement (1) A reconciliation of Adjusted EBITDA to US GAAP measures is available on the Appendix of this presentation
Slide 25: Ultrapetrol's Balance Sheet
Ultrapetrol’s Balance Sheet
Slide 26: Thank You
Thank You Questions & Answers
Slide 27: Appendix
Appendix Adjusted EBITDA consists of net income (loss) prior to deductions for interest expense and other financial gains and losses related to the financing of the Company, income taxes, depreciation of vessels and equipment and amortization of drydock expense, intangible assets, financial gain (lo
Slide 28: Appendix (cont'd) - Segment operating profit to Adjusted EBITDA reconciliation
Appendix (cont’d) - Segment operating profit to Adjusted EBITDA reconciliation
Slide 29: Appendix (cont'd) - Segment operating profit to Adjusted EBITDA reconciliation
Appendix (cont’d) - Segment operating profit to Adjusted EBITDA reconciliation
Slide 30: Ocean Fleet as of November 11, 2010
Ocean Fleet as of November 11, 2010 Appendix (cont’d)
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