Imperial Petroleum Inc. · NASDAQ:IMPP
Imperial Petroleum — Q1 2025 Earnings Presentation
11 slides from Imperial Petroleum's earnings presentation, May 23, 2025
Slide 1: Q1 2025 Financial & Operating Results
Q1 2025 Financial & Operating Results May 23, 2025
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deeme
Slide 3: Key Highlights
Key Highlights Operations & Growth ❑ Fleet operational utilization of 84.2% for Q1 25’ versus 86% in Q4 24’ and 80.6% in Q1 24’. ❑ About 47% of Q1 25’ fleet calendar days were dedicated to time charter activity while 53% to spot activity. ❑ Delivery of the drybulk carrier, Supra Pasha (2012 built) o
Slide 4: Fleet Employment Status & Rates
Fleet Employment Status & Rates ❑ Customarily our three handysize drybulk vessels are employed on short TCs, while four of our MR tankers are under time charters concluding between May 2025 and August 2027. End Date 2025 Q1 2026 Q2 2026-Aug 2027 Vessel Name Vessel Type Charter Type Fixed Period May
Slide 5: Tanker Market
Tanker Market • US announced sanctions on 150 tankers involved in Russian and Iranian oil trade raising sanctioned fleet capacity to 9.5% January 2025 of the global VLCC fleet, 8.5% of suezmax fleet and 12.5% of aframax/LR2 fleet. • US announced that is imposing a 25% tariff on Canadian and Mexican
Slide 6: Tanker Market-Fleet Fundamentals
Tanker Market-Fleet Fundamentals ❑ Tanker supply outlook remains favorable for both suezmax and MR tankers. Orderbook Vs Older Vessels ❑ Aging fleet outweighs the impact of current orderbook. Age Distribution 35.0% 30.0% 8.3% 12.1% 30.0% 28.9% 20.0% 24.6% 19.7% 14.9% 25.0% 22.1% 23.4% 10.0% 21.2% 20
Slide 7: Drybulk Vessels Addition
Drybulk Vessels Addition ❑ Total addition of seven drybulk carriers – 5 supramaxes and 2 kamsarmaxes – to be delivered by June 25’. ❑ With these deliveries fleet size will increase by 60% both in terms of number of vessels and dwt capacity. Imperial Petroleum Full Fleet Following Dry Vessels Deliver
Slide 8: Financial Results Q1 24' & Q1 25'
Financial Results Q1 24’ & Q1 25’ Income Statement Q1 Q1 (Amounts in USD'000s) 2024 2025 Voyage revenues 41,203 32,092 Q1 24’ Vs Q1 25’ Voyage costs (13,478) (10,456) ❑ Revenues of $32.1 million down 22.1% due to lower market rates. Net % revenues annual change 27,725 21,636 ❑ Voyage Costs down by 2
Slide 9: Financial Results 12M & 3M
Financial Results 12M 24 & 3M 25 Balance Sheet ❑ Free cash (incl. time deposits) as of March 31, 2025 of c. $227.4 (Amounts in $'000s) 12M 2024 3M 2025 million. Assets Cash & cash equivalents 67,784 126,520 ❑ 12M 24’ 3M 25’: Time deposits 138,948 100,901 Other assets 21,745 15,815 ➢ c. $20.7 million
Slide 10: Financial Snapshot
Financial Snapshot Liquidity and Gearing Profitability, Growth and Values Considerations Going Forward c.$227.4 million of c. $20,500 TCE for Q1 How will geopolitical cash as of March 31, 25’ per fleet voyage day pressures unravel? 2025 Will the US trade war c.$20.5 million of c. $9,000 continue? op
Slide 11: Investment Highlights
Investment Highlights Own a high-quality fleet of crude oil, product tankers and dry bulk carriers; all vessels are Japanese or 1 Korean built 2 Giving value back to shareholders through timely share buybacks and warrant repurchases 3 Active employment of vessels based on charter market developments