Globus Maritime Limited · NASDAQ:GLBS
Globus Maritime — H1 2015 Earnings Presentation
17 slides from Globus Maritime's earnings presentation, Sep 24, 2015
Slide 1: Globus Maritime Limited
Globus Maritime Limited Three-month & six-month period ended June 30, 2015 September 24, 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 Q2-2015 Q2-2014 H1-2015 H1-2014 Total Comprehensive loss: (10,326) (1,241) (13,629) (159) Basic & Diluted loss per share (1.01) (0.14) (1.35) (0.04) Revenue: 3,258 7,198 6,901 14,607 Net Revenue: 2,882 6,100 5,358 12,328 Cash (u
Slide 5: Operating highlights
Operating highlights Q2-2015 Q2-2014 H1-2015 H1-2014 Ownership Days 637 637 1,267 1,267 Available Days 632 619 1,262 1,249 Operating Days 626 619 1,252 1,248 Bareboat Charter Days - 91 22 181 Average No. of Vessels 7.0 7.0 7.0 7.0 Fleet Utilization 99.1% 100% 99.2% 99.9% Avg. time charter equivalent
Slide 6: Financials
GLOBUS MARITIME LIMITED
Slide 7: Loss for the three-month period ended June 30, 2015 vs 2014
Loss for the three-month period ended June 30, 2015 vs 2014 (000’s $US) Impairment loss due to the sale of m/v Tiara Globe 50% decrease in Time Charter Equivalent rate Page 6
Slide 8: Loss for the six-month period ended June 30, 2015 vs 2014
Loss for the six-month period ended June 30, 2015 vs 2014 (000’s $US) Impairment loss due to the sale of m/v Tiara Globe 56% decrease in Time Charter Equivalent rate Page 7
Slide 9: Statement of comprehensive income
Statement of comprehensive income (in 000’s US$) Q2-2015 Q2-2014 H1-2015 H1-2014 Revenue 3,258 7,198 6,901 14,607 Voyage expenses (376) (1,098) (1,543) (2,279) Net revenue 2,882 6,100 5,358 12,328 Vessel operating expenses (2,323) (2,731) (4,936) (4,953) Admin expenses1 (554) (642) (1,147) (1,254) O
Slide 10: Statement of financial position
Statement of financial position (in 000’s US$) As of June 30, 2015 As of December 31, 2014 Cash 315 4,083 Restricted cash/ L-T time deposits(1) 2,750 2,000 Other current assets 3,540 4,152 Vessel held for sale 5,349 - Non-current assets 125,016 141,834 Total assets 136,970 152,069 Total debt, net of
Slide 11: Statement of cash flows
Statement of cash flows (in 000’s US$) Q2-2015 Q2-2014 H1-2015 H1-2014 Net loss (10,326) (1,241) (13,629) (159) Non cash/operating items 10,213 3,950 12,877 6,267 Payment of deferred dry docking costs - (790) - (790) Working capital movement (33) 2,566 921 1,975 Cash (used in)/generated from operati
Slide 12: Leverage position
Leverage position 160 70.00% As of June As of December As of June 30, (in millions US$) 30, 2015 31, 2014 2014 140 60.3% 60.00% Total Cash(1) 3.1 6.1 5.7 120 54.9% 53.1% 50.00% 100 Debt(2) 82.9 84.6 85.5 80 40.00% Shareholders 49.5 63.3 60.0 Equity(3) 60 30.00% Total Capitalization(3) 132.4 147.9 14
Slide 13: Net Debt (Debt – Total Cash)
Net Debt (Debt(1) – Total Cash) Six months ended Total CashJune 30, Six months ended Debt December Six months Netended Debt June 30, (in 000’s US$) 2014 31, 2013 2013 Cash From Balance asoperations of January 1, 2014 7,293 5,889 5,831 (91,504) 6,526 (85,615) Interest and finance costs paid, net (1,0
Slide 14: Reconciliation of Net Debt to cash from operations
Reconciliation of Net Debt (Debt(1) – Total Cash) to cash from operations Six months ended Six months ended Six months ended (in 000’s US$) June 30, 2015 December 31, 2014 June 30, 2014 Cash from operations 169 2,228 7,293 Interest and financing costs paid, net (1,315) (921) (1,085) Other fixed asse
Slide 15: Appendix
GLOBUS MARITIME LIMITED
Slide 16: Executive Team
Executive Team George Karageorgiou, Chief Executive Officer Co-founder, Chief Executive Officer since September 2006 25 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 17: 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 +1 212 661 7566 globus@capitallink.com Page 16