Pelagic Credit Plc · OSL:PLGC
Pelagic Credit — Posidonia – Clarksons Shipping Management Roundtable 2026
13 slides from Pelagic Credit's conference presentation, Jun 2, 2026
Slide 1: Investor Presentation
1 Investor Presentation Posidonia – Clarksons Shipping Management Roundtable Athens, 2 June 2026 Pelagic Credit
Slide 2: Disclaimer
Disclaimer IMPORTANT INFORMATION THIS DOCUMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, ITS TERRITORIES, DEPENDENCIES OR POSSESSIONS, INCLUDING ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COL
Slide 3: Pelagic Credit at a glance
Pelagic Credit at a glance Yield-oriented maritime credit platform with contracted cash flows About Listed on Euronext Growth Oslo and headquartered in Limassol, Cyprus Sponsors Alternative investment funds managed by Pelagic Partners Business model Robust investment strategy allows Pelagic Credit t
Slide 4: Investment strategy
Investment strategy Disciplined underwriting and robust legal structures yield stable returns Invest in sale- and leaseback transactions and other secured maritime credit structures Proven track-record underpins maritime investment strategy Stable, predictable cash flows through contractual bareboat
Slide 5: Key developments
Key developments Execution according to plan since launch Aug 2025: Feb 2026: Launch of Pelagic Credit Closing of 2nd transaction (1x OSV) Mar 2026: Oct 2025: Private placement and listing Closing of 1st transaction (3x on Euronext Growth (Oslo) MPPs) Pelagic Credit 5
Slide 6: Portfolio snapshot
Portfolio snapshot Closed deals represent up to USD 73m of charter backlog Contractual Net Gross charter backlog Client Vessels Closing Tenor security investment1 (firm / optional)2 13.5% 3x MPPs Oct-25 5 years +1 Guarantee $17.6m $38.1m / $46.6m Base-case project-level IRR3,4 - 1x MPSV Mar-26 5 yea
Slide 7: Execution pipeline
Execution pipeline Robust pipeline of “turn-key” projects ensures timely deployment of funds Contractual Net Gross charter backlog Client Vessels Est. Closing Tenor security investment1 (firm / optional)2 Update Project in execution. 3x bulkers 3Q26 7 years 5-yr TC $10.6m $42.2m Improved end-user co
Slide 8: Deployment runway
Deployment runway Full deployment expected within FY26 Historical May ‘26 Execution Pipeline 2026 90 80 -2.6 75.0 7.2 70 -17.4 Deployment1 ($m) 60 -8.5 50 -10.6 40 -5.0 30 -28.9 20 10 0 Equity raise Mar 26 Operating earnings1 Operating Deployment Deployment Deployment 3x Deployment 1x Deployment exp
Slide 9: Structure
Structure Basic sale- and leaseback transaction structure provides “one-stop-shop” solution Disponent owner Pelagic Credit (Lessee) (Lessor) Parent Company Investment Holdco owns 100% owns 100% guarantees lease & purchase obligation Fund lease equity sale proceeds external loan Bareboat Senior lende
Slide 10: Underwriting standards
Underwriting standards Conservative leverage and attachment points limit downside risk $m 160 PLGC exposure Purchase price 140 120 Purchase options 100 Purchase obligation 80 19% IRR 60 16% IRR Historic / projected vessel value 40 Senior loan 14% IRR 20 Scrap value 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Slide 11: Correlation study
Correlation study Low correlation against other asset classes and between shipping segments Correlation shipping vs. other assets1 Correlation between shipping segments1 SPX Index: S&P 500 6.0% Bulk Container Tanker LPG S&P400 0.5% S&P 600 1.8% Bulk GT10 Govt: US Treasury 10-Year Yield 2.3% LBUSTRUU
Slide 12: Key takeaways
Key takeaways Disciplined growth, on track for quarterly distributions 1 Scalable credit platform Long term fixed rate contracts and limited residual exposure 2 Visible dividend yield capacity Quarterly distributions expected to commence in 2H26 3 Strong execution pipeline Clear pathway to full depl
Slide 13: Pelagic Credit
PELAGIC CREDIT Propelled by Pelagic Partners
Pelagic Credit — Posidonia – Clarksons Shipping Management Roundtable 2026 on 6ix