Stealthgas, Inc. · NASDAQ:GASS

Stealthgas — Q4 2009 Earnings Presentation

19 slides from Stealthgas's earnings presentation, Mar 22, 2010

1. Slide 1: Fourth Quarter & Twelve Months 2009 Results

   StealthGas In Fourth Quarter & Twelve — 2009 Results March 22nd, 2010

2. Slide 2: ! " ! # " ! # " ! # " ! # "

   ! " ! # " ! # " ! # " ! # " ! # ! $ % & ' $ ! $ % ! $ %

3. Slide 3: C ( )*$ +,,-!+ +,,. ( +,/, )*$ +,// / +,/+ +,,. 4156 5,6

   C ( )*$ +,,-!+ +,,. ( +,/, 0 1 )*$ +,// / +,/+ 2 +,,. 3 4156 5,6 7+,/, $ +-6 7+,// 8 #039; 21+,,.9:! (+1 9:! :/+ +,,.! 21+,,-9-! 5/1 9.! ,;5 +,,- < //; = +, 1 > 0 ? ? @8 * < A ! " B = C 9;! (:( 21+,,. 3 9;! 55; 2(+,,. 9;! ,5. 21 # +,,- ;+6 2(+,,. D 9., /56 B = C !# = 9/;@ $ $ !% &

4. Slide 4: B 2/ +,// 1+ +,//!1( +,/+ E +,,.A /, '

   B 2/ +,// 0 1+ +,//!1( +,/+ E +,,.A /, '

5. Slide 5: Fleet Employment Profile

   Fleet Employment Profile earmanos viswmsrry Pov gos =z 22010 Es Te Ss Tc a Gas Empreror Alpine Endurance Gas Tiny Gas Pasha Gas Sincerity Gas Marathon Gas Icon Gas Spirit Gas Sikousis Sea Bird IT Gas Kalogeros Gas Legacy Gas Evoluzion Gas Catha Gas Crystal ‘Gas Shanghai Gas Courchevel Gas Prodigy Ga

6. Slide 6: +,,. > %* &++, 21B 9+:+ ! 9+-1 !'C= 9/:5 21B 9+( 9(, !9..

   2 +,,. > %* &++, 21B 9+:+ ! 9+-1 !'C= 9/:5 21B 9+( 9(, !9.. !9/, :; 0 9,! ,: ') 9/++ F ') 9, /, ! ! 0 G ++( $ 9;, , $ 4 3 156 )

7. Slide 7: +,,.= . /+++0 1! % (*+2 *+, &*+, '*+, (*+, B & 9+-! /5(

   2 +,,.= . /+++0 1! % (*+2 *+, &*+, '*+, (*+, B & 9+-! /5( 9+.! +,; 9+:! ,:: 9+-! (-1 9+-! (-/ F /G < = /,! ,+, .! :+; ;! 5(+ 5! ::+ F +,! -1(G F /G B = :! :1. ,! + 5! 1./ /;. F+GF :! +:! /;/G B = ! ! ! ! -! ,:; 5! ;., 1! +++ +! :.( +! +:, F /G 'C= /;! -5; -! 5+, /1! 5,/ ;;5 F+GF /5! /:! 511G F /G F

8. Slide 8: +,,.< > E & 5+2 (*+2 *+, &*+, '*+, (*+, & +, (-5 (.5

   2 +,,.< > E & 4 5+2 (*+2 *+, &*+, '*+, (*+, & +, (-5 (.5 1, - 1/5 1+. 1+- 1+, ) 1, 1, 1/ 1+ 1( 1+ 1+ /1! //( (! 51: (! 55. (! :-- (! .11 (! .(1 /;! ((; /1! ,/- (! 5++ (! 5;. (! :5; (! ./- (! -.- /;! +1, 3 ..(6 ..(6 ..:6 ..16 ..(6 ../6 ..16 /(! (/- (! +1( (! /;- (! ,++ (! /;; +! .1/ /+! +:5 :,, (:. ;

9. Slide 9: @ +,,. > % &++, B 9/(( ! 9//(, !'C= 9++/ B 9/;. 9/;

   @ +,,. > 9 % &++, B 9/(( ! 9//(, !'C= 9++/ B 9/;. 9/; !9, 5 ! 9.. !9/, :; 0 9, - ') 9, 5, F ') 9, :/ ! ! ! 0 G ++( 0 J 2

10. Slide 10: @ +,,.= % % . /+++0 1! % &++2 &++, B & 9//+! ;;+

    @ +,,.= 9 % 9 % . /+++0 1! % &++2 &++, B & 9//+! ;;+ 9//(! ,15 F +G F /G < = 1+! ,:. /! +-: F +G F /G B = +.! .-: F /(! (/+G B = ! ! ! ! (/! 5.1 /;! -:5 E AF G F +G F /G 'C= 5/! 1-1 ++! /(+ F +G F /G ') /(; F , 5,G ') ! ! ! ! /;, , :/ E AF G B ! ++! /-+! //- ++! +(.! 5/. F /G = 9.. 9/, :; 0 , F +G =

11. Slide 11: C 21+,,. 2(+,,. $ B = C $ F G 2(+,,. 4(! .11 21+,,.

    C 21+,,. 2(+,,. $ B = C $ F 9 G 2(+,,. 4(! .11 21+,,. 4(! .(1 *' &++, *( &++, 1 % : ! % : ! < 11:F/G 9+! 11:F/G 9+! ;(,F/G 9+! ;(, F/G 9+! @ !* E ;-/ ;-/ ;;1 ;;1 @ !* E ! ;(- ;(- ;(; ;(; @ F A G +1; +1; +1; +1; = ;.+ ;.+ 55( 55( & 3 ;.1 ;.1 /5+ /5+ ) +! ,+, , +! ,+; , E 3 , /! -,/ , /! (-/ 9 -0 (3,

12. Slide 12: ' '2 F G ' ; &;&+ + &+ + B $ I ;!

    ' '2 F 9 G ' ; &;&+ + &+ + B $ I ;! :5- $ & 1! +;, K & K ) $ & FA $ C G 9:, / 9 < < ' 15/ *E @ .+ $ (/ @ $ ' +: 9 1 - = 946 < E +;: B = /(:

13. Slide 13: LPGC Freight Rates

    LPGC Freight Rates Average earnings in the spot market excluding waiting time / 1 yr TC rates 800 | INGE STEENSLAND AS 700 s 600 —15000SR TCE Cc = 500 —8000 ETH TCE oO a 400 ——6500 SR TCE S S 300 —3500SR lyr TC a Wn > 200 - ——3500PR lyr TC 100 | east I I I I I I 2004 2005 2006 2007 2008 2009 2010 So

14. Slide 14: /7 amp; I +,,, $A )* ! > # !% ! &++, > #

    /7 amp; I +,,, 0 $A )* 4 ! > # !% ! &++, > 9 # 4 #> 0 $ 10? 10 ? @ 9 # > 0 @ 10 6 1 '

15. Slide 15: $ @ & = F /+@ $G 21+,,. $ 2/ +,/, (! +,,$C@ A

    $ @ & = F /+@ $G 21+,,. $ 2/ +,/, (! +,,$C@ A & +5(! :;, +;,! ,,, +;,! ,,, (! ;,,$C@ )A & +/.! ;-( +/;! ,,, +/;! ,,, ;! ,,,$C@ )A & +;,! ,,, +;,! ,,, +;,! ,,, 5! ,,,$C@ A & 1+-! ((( 1:;! ,,, 1;,! ,,, /;! ,,,$C@ A & ;,,! ,,, ;,,! ,,, 1+;! ,,, (;! ,,,$C@ ;;,! ,,, ;1,! ,,, ;,,! ,,, 5,! ,,,$C@ ;;,! ,,,

16. Slide 16: (,,,:... I amp; A ' H % #! % ! ! " #$ &'!()

    (,,,:... I amp; A ' H % #! % ! ! " #$ &'!() ! *( +,--- . / +,--- . 0$ 0$ 0$ • $ 0 • $ 4= )

17. Slide 17: B C B<& @ ? < +,,.

    " # ! % $A ! B 4 C B<& @ ? < +,,. H= )*$ 3 -

18. Slide 18: "I = H = H

    "I #$ $; : :6 $;:6 * = "* # 9/+,5 ,1+ (.; = H " L# 9/(+5 /,. ./5 = H " &7 # 9-,; ,:( :/5 B H "B # 9/:,. /:- +51. < B ' = H "<B I# 9F ,+1G /(1; 1(, $ ) ) HH "$) )# 91+. +,; /;:, H 4$ E 3 E$ ! @ /- !+,/, B7 HH 4! C ! @ /- !+,/, /4,, B7 3

19. Slide 19: D I M

    $ ! > D I M 4 $ < * = M )*@ & ,//(,+/,5+;,,,/ @ ' 4 N $ = & = 2

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