Ultrapetrol (bahamas) Limited · OTC:ULTRF
Ultrapetrol (bahamas) — Q2 2010 Earnings Presentation
26 slides from Ultrapetrol (bahamas)'s earnings presentation, Aug 13, 2010
Slide 1: Second Quarter 2010 Earnings Presentation
Second Quarter 2010 Earnings Presentation August 13, 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 2Q 10 vs. 2Q 09 & Subsequent Events Highlights
Ultrapetrol’s 2Q 10 vs. 2Q 09 & 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 August 12, 2010, with US SEC for a
Slide 4: Ultrapetrol
ULTRAPETROL
Slide 5: River Business 2Q 2010 Highlights
River Business 2Q 2010 Highlights
Slide 6: 2Q 2010 vs 2Q 2009 - Breakdown per Ton Transported
(In $ / Ton) 1H 2010 1H 2009 Difference 2Q 2010 2Q 2009 Difference Average Freight Rate $27.16 $22.92 18.5% $27.65 $23.81 16.2% Difference $4.24 $3.85 Of which Fuel adjustment explains $3.50 or 82.7% $3.84 or 99.8% Average price increases and cargo mix explain $0.74 or 17.3% $0.01 (0.2% of freight)
Slide 7: River Business 2Q 2010 Overview and Outlook
River Business 2Q 2010 Overview and Outlook • River Business results have been robust during 2Q 2010 and 1H 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 Foreign Agricultural S
Slide 8: River Business Outlook - Pro-Forma
a River Business Outlook - Pro-Forma Revenues & EBITDA (In Millions) s 100 20 114.7 93.4 794 18.5 117 ae 2006 2007 2008 im Revenues adjusted by uel price pass-through effect a Segment EBITDA 99.9 Pro-forma
Slide 9: Ultrapetrol Offshore Supply
\ ULTRAPETROL Offshore Supply !
Slide 10: Offshore Supply Business 2Q 2010 Highlights
Offshore Supply Business 2Q 2010 Highlights
Slide 11: Offshore Supply Business 2Q 2010 Overview
Offshore Supply Business 2Q 2010 Overview Six vessels in Operation: (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 which excee
Slide 12: Offshore Supply Business Outlook
Offshore Supply Business Outlook (1) Gross Profit Contribution = Revenues minus Voyage Expenses minus Running Costs (2) Gross Profit Contribution of vessels can be affected by the devaluation of Brazilian Real against US Dollar • GPC Pro-Forma Assumptions:
Slide 13: Offshore Supply Business Outlook - Growth Initiatives
4Q 10 1Q 11 UP Turquoise UP Jasper Bharati V-381 Bharati V-386 Bharati V-382 Bharati V-387 Delivery dates (informed by Yards) (1) Six very modern Platform Supply Vessels are under construction Offshore Supply Business Outlook - Growth Initiatives (1) Deliveries have been delayed therefore these date
Slide 14: Ultrapetrol
ULTRAPETROL
Slide 15: Ocean Business 2Q 2010 Highlights
Ocean Business 2Q 2010 Highlights
Slide 16: Capesize Fleet 2Q 2010 Overview and Outlook
Capesize Fleet 2Q 2010 Overview and Outlook
Slide 17: Ur
Ur
Slide 18: 2H 2010-2011 Total CAPEX = $109.2 Million
2H 2010-2011 Total CAPEX = $109.2 Million
Slide 19: Quarter-on-Quarter Ultrapetrol's Income Statement
Quarter-on-Quarter Ultrapetrol’s Income Statement
Slide 20: Quarter-on-Quarter Ultrapetrol's Income Statement
Quarter-on-Quarter Ultrapetrol’s Income Statement
Slide 21: Ultrapetrol's Balance Sheet
Ultrapetrol’s Balance Sheet
Slide 22: Thank You - Questions & Answers
Thank You Questions & Answers
Slide 23: 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 24: Appendix (cont'd) - Segment operating profit to Adjusted EBITDA reconciliation
Appendix (cont’d) - Segment operating profit to Adjusted EBITDA reconciliation
Slide 25: Appendix (cont'd) - Segment operating profit to Adjusted EBITDA reconciliation
Appendix (cont’d) - Segment operating profit to Adjusted EBITDA reconciliation
Slide 26: Ocean Fleet Overview
Ocean Fleet Overview Appendix (cont’d) (1) On August 4, 2010, we entered into an MOA for the sale of this vessel
Ultrapetrol (Bahamas) — Q2 2010 Earnings Presentation on 6ix