Globus Maritime Limited · NASDAQ:GLBS
Globus Maritime — Q1 2015 Earnings Presentation
16 slides from Globus Maritime's earnings presentation, Jun 22, 2015
Slide 1: Globus Maritime Limited
Globus Maritime Limited Three month period ended March 31st, 2015 June 22, 2015
Slide 2: Disclaimer
Disclaimer Forward Looking Statement This presentation (and oral statements made regarding the subjects of this presentation) includes statements that are, or may be deemed to be, “forward-looking statements” as defined under U.S. federal securities laws. These forward-looking statements reflect the
Slide 3: Company update report
Company update report
Slide 4: Company update
Company update (in 000’s US$) except for daily rates and per share data Q1-2015 Q1-2014 %change Total Comprehensive (loss)/Income: (3,303) 1,082 (405)% Basic & Diluted (loss)/earnings per share (0.34) 0.11 (409)% Revenue: 3,643 7,409 (51)% Net Revenue: 2,476 6,228 (60)% Adj. (LBITDA)/EBITDA: (768) 3
Slide 5: Operating highlights
Operating highlights Q1-2015 Q1-2014 Ownership Days 630 630 Available Days 630 630 Operating Days 626 629 Bareboat Charter Days 22 90 Average No. of Vessels 7.0 7.0 Fleet Utilization 99.4% 99.8% Avg. time charter equivalent (TCE)1 (pvpd)2: $3,572 $9,248 Avg. operating expenses (OPEX)1 (pvpd)2: $4,29
Slide 6: Financials
GLOBUS MARITIME LIMITED
Slide 7: (Loss)/income for the quarter ended March 31, 2015 vs 2014
(Loss)/income for the quarter ended March 31, 2015 vs 2014 (000’s $US) Page 6
Slide 8: Statement of comprehensive income
Statement of comprehensive income (in 000’s US$) Q1-2015 Q1-2014 Revenue 3,643 7,409 Voyage expenses (1,167) (1,181) Net revenue 2,476 6,228 Vessel operating expenses (2,613) (2,222) Admin expenses1 (593) (612) Other expenses, net (38) (5) Adjusted (LBITDA)/EBITDA (768) 3,389 Depreciation & amortiza
Slide 9: Statement of financial position
Statement of financial position (in 000’s US$) As of March 31, 2015 As of December 31, 2014 Cash 1,040 4,083 Restricted cash/ L-T time deposits(1) 2,750 2,000 Other current assets 3,597 4,152 Non-current assets 139,843 141,834 Total assets 147,230 152,069 Total debt, net of unamortized discount 82,4
Slide 10: Statement of cash flows
Statement of cash flows (in 000’s US$) Q1-2015 Q1-2014 Net (loss)/income (3,303) 1,082 Non cash/operating items 2,664 2,317 Working capital movement 954 (591) Cash from operations 315 2,808 Other fixed asset acquisitions-Improvements (6) (5) Interest received 1 5 Cash used in investing activities (5
Slide 11: Leverage position
Leverage position 160 60.00% 56.39% 55.40% As of March As of December As of December (in millions US$) 31, 2015 31, 2014 31, 2013 140 53.08% 50.00% 120 Total Cash(1) 3.8 6.1 5.9 40.00% 100 Debt(2) 82.8 84.6 91.5 80 30.00% Shareholders 59.8 63.3 60.3 Equity(3) 60 20.00% Total Capitalization(3) 142.6
Slide 12: Net Debt (Debt – Total Cash)
Net Debt (Debt(1) – Total Cash) Six months ended Total CashJune 30, Six months ended Debt December Six months Netended Debt June 30, (in 000’s US$) 2014 31, 2013 2013 Cash From Balance asoperations of January 1, 2013 7,293 11,653 5,831 (105,929) 6,526 (94,276) Interest and finance costs paid, net (1
Slide 13: Reconciliation of Net Debt to cash from operations
Reconciliation of Net Debt (Debt(1) – Total Cash) to cash from operations Three month period ended Year ended December 31, Year ended December 31, (in 000’s US$) March 31, 2015 2014 2013 Cash from operations 315 9,521 12,357 Interest and financing costs paid, net (709) (2,006) (3,493) Other fixed as
Slide 14: Appendix
GLOBUS MARITIME LIMITED
Slide 15: Executive Team
Executive Team George Karageorgiou, Chief Executive Officer Co-founder, Chief Executive Officer since September 2006 22 years shipping experience (10 years of which involved public company experience) • Projects engineer for Kassos Maritime Enterprises from 1990-1992 • Director and Corporate Secreta
Slide 16: Contacts
Contacts Globus Maritime Limited George Karageorgiou President & CEO info@globusmaritime.gr Tel: +30 210 960 8300 www.globusmaritime.gr Capital Link – New York Nicolas Bornozis Paul Lampoutis +1 212 661 7566 globus@capitallink.com Page 15