Capital Clean Energy Carriers Corp. · NASDAQ:CCEC
Capital Clean Energy Carriers — Q4 2025 Earnings Presentation
20 slides from Capital Clean Energy Carriers's earnings presentation, Mar 5, 2026
Slide 1: Q4 2025 Earnings Presentation
Q4 2025 EARNINGS PRESENTATION March 5, 2026 capitalcleanenergycarriers.com
Slide 2: Important Notice
Important Notice This presentation contains forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looki
Slide 3: Q4 2025 Highlights
01 Q4 2025 Highlights www.capitalcleanenergycarriers.com
Slide 4: Fourth Quarter 2025 Highlights
Fourth Quarter 2025 Highlights • Order for three latest specification LNG/Cs delivering in 2028 and 2029 • Took delivery of world’s first 22,000 cbm LCO2/ multi-gas carrier Active • Completion of penultimate 13,696 TEU container carrier sale in January 2026 • Company's first CDP submission and “B” r
Slide 5: Financials
02 Financials www.capitalcleanenergycarriers.com
Slide 6: Profit Statement – Highlights
Profit Statement – Highlights Key commentary For the Three-Month For the Three-Month Period Ended Period Ended December 31 2025 December 31 2024 Revenues 98,348 97,610 Dividend per share $0.15 1 Expenses: maintained Voyage expenses 2,476 2,417 Voyage operating expenses 14,201 13,650 Vessel operating
Slide 7: Balance Sheet – Highlights
Balance Sheet – Highlights Key commentary As at end As at end December 31, 2025 December 31, 2024 Solid cash position of Assets $295.6 million 1 Current Assets 418,981 405,543 (including restricted cash) Fixed Assets 3,570,778 3,343,660 Net Leverage Ratio1 of 48.9% Other Non-Current Assets 10
Slide 8: CCEC Strategic Update
03 CCEC Strategic Update www.capitalcleanenergycarriers.com
Slide 9: CCEC - LNG Time Charter Book
CCEC - LNG Time Charter Book Contracted backlog of 90 years at an average TCE of $86,8321, or ~$2.7bn of LNG/C charter revenue Backlog could increase to 123 years, or $3.9bn with all options exercised 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 Firm With Options Attalos 203
Slide 10: CCEC Capital Expenditure Program
CCEC Capital Expenditure Program Newbuilding program financing well supported Million $3,500 3,013 $3,000 $2,500 ( 296 ) $2,000 ( 627 ) ( 33 ) $1,500 $1,000 $500 40 $0 ( 2,097 ) -$500 Newbuilding Program Cash Capex paid M/V Buenaventura Sale Debt Net Equity Inflow Notes: 1. Newbuilding Program refle
Slide 11: Opportunistic Order for Three Latest Specification LNG/Cs
Opportunistic Order for Three Latest Specification LNG/Cs • Ordered three latest specification LNG/Cs, for delivery in 2028 and 2029 • En-bloc ship building price up to $769.5 million • The vessels have been designed to incorporate a number of upgrades in their specification • Vessels expected to ra
Slide 12: Post Q4 - Delivery of the Active and New CCEC Bond Issue
Post Q4 - Delivery of the Active and New CCEC Bond Issue Delivery of world’s first liquid CO2 carrier – Active Issue of new 250.0 million 2033 Euro bond @3.75% • The Active is designed to transport LCO2, while - Issue of new EUR 250.0 million unsecured bond at remaining fully competitive in the conv
Slide 13: LNG Market Update
04 LNG Market Update www.capitalcleanenergycarriers.com
Slide 14: Q4 2025: Seasonal rally in LNG/C freight rates returns
Q4 2025: Seasonal rally in LNG/C freight rates returns Historically Q4 sees the highest freight rates for LNG 174k cbm sector Key drivers for Q4 rally 250,000 Record US LNG Production 200,000 LNG freight rates 174k cbm 150,000 East – West Arbitrage movements 100,000 Limited Tonnage Availability 50,0
Slide 15: Q4 2024: Older Technology vessels – Less attractive than ever
Q4 2024: Older Technology vessels – Less attractive than ever 5 years to end 2024: Steam = 50% of 2-Stroke freight rates Consistently during 2025: Steam rates = 20% of 2-Stroke 180,000 70,000 Over past year, Steam 160,000 Historically, Steam LNG/C rates 60,000 LNG/C rates failed to gain tracked 2-St
Slide 16: Pipeline of potential Steam Turbine LNG/Cs exits
Pipeline of potential Steam Turbine LNG/Cs exits Steam Turbine LNG/Cs Dry Docking Schedule Steam Turbine LNG/Cs Charter Re-delivery Schedule 16 12 40 14 35 10 30 12 8 Average Age 25 10 Vessel Count Vessel Count 6 20 8 15 10 10 9 9 15 6 4 8 8 10 7 6 10 4 7 2 3 3 5 2 4 3 2 1 0 0 0 Q1 26 Q2 26 Q3 26 Q4
Slide 17: Q4 2025: Surge in ordering has had an effect on NB prices
Q4 2025: Surge in ordering has had an effect on NB prices Q4 - Rise in Newbuild orders to meet post 2028 demand Term rates largely unchanged; NB prices bottomed 20 LNG/C new build Number of new LNG/Cs ordered per month during 2025 prices rising 18 16 14 12 10 8 6 4 2 0 Jan Feb Mar Apr May Jun Jul Au
Slide 18: Speculative orders rose in Q4; CCEC retains most open slots
Speculative orders rose in Q4; CCEC retains most open slots CCEC still controls the lion's share in open newbuldings 2 2 3 2 1 2 4 1 5 1 1 3 26 25 3 24 23 22 22 21 19 5 18 18 18 17 16 15 14 14 2 13 12 11 11 2 9 8 7 1 5 4 3 3 2 2 2 2 2 1 1 1 1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 19: LNG sector inflection point – late 2027/early 2028
LNG sector inflection point – late 2027/early 2028 LNG Shipping Supply & Demand Balance 700 600 607 600 569 500 400 419 444 # of LNG/Cs 430 437 277 370 300 190 263 200 131 319 328 334 340 340 82 268 231 100 185 207 215 195 149 171 141 88 71 0 -15 -36 -61 -88 -113 -139 -169 -100 -199 -200 Assume scra
Slide 20: Thank You for Your Attention
Thank You for Your Attention www.capitalcleanenergycarriers.com
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