Capital Clean Energy Carriers Corp. · NASDAQ:CCEC
Capital Clean Energy Carriers — Capital Product Partners — Q1 2016 Earnings Presentation
13 slides from Capital Clean Energy Carriers's earnings presentation, Apr 27, 2016
Slide 1: First Quarter 2016 Earnings Presentation
Exhibit IV First Quarter 2016 Earnings Presentation April 26, 2016 Capital Product Partners L.P. www.capitalpplp.com capital product partners l.p. cplp nasdaq listed
Slide 2: Forward Looking Statements
CAPITAL reflect things, expectations, may actual section statements, the forward-looking beresults CPLP’s cash of forward-looking our PRODUCT whether generation, charterer’s to annual management’s be materially because statements. report PARTNERS our statements performance, ability on ofdifferent cu
Slide 3: First Quarter 2016 Highlights
CAPITAL aside charter in (including February $14.6 hirePRODUCT HMM million rate 2016.for charters). Fixed as theaPARTNERS 5new the vessels 2M/V capital currently ‘Agamemnon’ L.P. reserve. First employed Net Quarter and income M/V with 2016 for ‘Archimidis’ HMM. Highlights 1Q2016: Drydocking $12.1 Ca
Slide 4: Distribution guidance and debt repayments
CAPITAL through 2017 16.9 guidance the Partnership 157.4 2018 2018. if:PRODUCT Total 2019 Access Establishing (1) Thereafter 16.9 $4.2 to40.1 capital PARTNERS million 118.7 quarterly HSHmarkets paid 273.5 (2007 L.P. on reserves improves 157.4 credit March New $175.7 Distribution of facility)—13.0 30
Slide 5: Operating surplus and distribution calculation
CAPITAL 2015 AND distribution Net CLASS income PRODUCT (2,775) B PREFERRED $12,102 (2,853) PARTNERS $15,356 ADJUSTED UNITS Adjustments L.P.DISTRIBUTION Operating OPERATING to net Surplus income SURPLUS Capital ForDepreciation Calculation reserve(14,644)—OPERATING 15,352 32,308 Of andUnit amortizatio
Slide 6: Statements of Comprehensive Income
Statements $47,329 Vessel Interest operating expense $30,130 Of Comprehensive and expenses Revenues finance ––related cost(6,097)(4,696) related Income party party CAPITAL 2,616 10,718 2,955 Other PRODUCT 18,755 General income TotalPARTNERS 158 and Revenues 1,073 administrative Total 58,047 L.P.othe
Slide 7: Strong Balance Sheet
StrongNon-Current Other Capital Balance 918,036Sheet 937,820 Assets CAPITAL Total 123,268 Liabilities PRODUCT 122,394 andTotal PARTNERS Partners’ AssetsCapital $1,561,574 L.P. ($ $1,561,574 In Thousands) $1,555,875 $1,555,875 As Liabilities Of As LowOfand Leverage: March Partners’ 31,Net 2016 Capita
Slide 8: New Charter Employment and Vessel Deliveries
New M/V International time to 12charter Archimidis Vessels vesselsto Deliveries Lines. out CMA 108,892 of fleet The CGM&charterer of 2006—March New 31 S.A. asCharter for of has 1Q2015. five theEmployment 2017 years option 7M/V (-30/+90 to CMA extend CAPITAL days) CGM the at contract 115,639 aPRODUCT
Slide 9: Charter Profile and Fleet Positioning
CAPITAL Rate 14,500 tanker Aiolos Product Arionas fundamentals Containership Platinum ? Atlantas Solid $7,0001 Product tanker $$19,000 PRODUCT 29,350 Product of Hyundai Avax $7,2501 tanker Product the Product Revenue Dry $&Aktoras 15,400 PARTNERS Crude Prestige Containership tanker Bulk tanker Weigh
Slide 10: Containership Market Overview
CAPITAL imports lowest forecasted 50 15%4010% 30 since into 205% PRODUCT to10 India 2003. grow 0% 0 03 -5% Sub Contracting by044.1% Continent/Middle -10% PARTNERS 05 06in1997 07 2016, activity 081998 L.P. 09 exceeding 10 has 1999 Container East 11come 12 2000 supported forecasted 13 toMarket 2001 14
Slide 11: Product Tanker Market Overview
Product Limited weaker new Charter Tankers Rates contracting 10-Year as Rates Tanker Orderbook arbitrage a result vs. Average Market activity CPLP opportunities. of700 the1-Year Overview MR2 50% with softerOrderbook% only Average T/C spot Warm CAPITAL 3$market. MRs 17,611 T/C weather ordered of Rate
Slide 12: Suezmax Tanker Market Overview
Suezmax warmer World falls. $/Day $14,000 2014 Suezmax 2015 1oilweather & Suezmax Tanker demand 32016 Year tanker conditions. Suezmax Market Suezmax Tankers growth orderbook Overview estimated T/C Orderbook T/C Solid Rates Rates through Chinese CAPITAL at–180 vs. 1.2 102018 CPLP Year mb/d 50% demand
Slide 13: Capital Product Partners L.P.
Capital Product Partners L.P. CAPITAL PRODUCT PARTNERS L.P. 12
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