Slide 1: Financial & Operating Results Q2 2020
Financial & Operating Results| Q2 2020| August 21, 2020
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 dee
Slide 3: StealthGas Key Highlights
1| Highlights| StealthGas Key Highlights |Fleet & Operations • Fleet utilization of 99.7%- with only 11 days of technical off hire. • Operational utilization of 97.2% mainly due to few of our ships being in the spot market - equivalent to 10.8% of voyage days. • Fleet calendar days, down by 6.5% yea
Slide 4: Fleet Employment Analytics (As of August 2020)
1| Highlights| Fleet Employment Analytics (As of August 2020) EARNINGS VISIBILITY 2020 2021 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Vessel Charter End Date Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Name Type Rate 1 Eco Corsair BB Dec 2029 2 Gas Exelero BB June 2022
Slide 5: Summary of our Two JVs
1| Highlights| Summary of our Two JVs Small LPG JV Structure- 1 2020 • Three out of five vessels of our JV scheme EARNINGS VISIBILITY Q3 2020 Q4 2020 comprising mostly of small LPGs, are under Vessel Charter End Date Aug Sep Oct Nov Dec time charter contracts. Name Type 1 Gas Shuriken TC Dec 2020 •
Slide 6: Recent S&P Activity
1| Highlights| Recent S&P Activity • In mid- June 2020, we took delivery of a 5,000 cbm pressurized LPG vessel, the | Remaining Capex ($ million) Eco Texiana (2020 built). As the vessel was acquired with financing already in place, our equity contribution was in the order of $ 8 million. Equity Obli
Slide 7: LPG Fleet Trading Profile
Rest France EU-14 vessels 1| Highlights| LPG Fleet Trading Profile Spa… Poland UK Portugal • StealthGas focuses on regional trade and local distribution of gas. • Fleet trading pattern is geographically diversified and is continuously adjusted to market needs. • Our LPG fleet (incl. semi-refs) tradi
Slide 8: Income Statement Q2 19 vs Q2 20
2| Financials| Income Statement Q2 19 vs Q2 20 Income Statement Q2 Q2 6M 6M (Amounts in USD'000s) 2019 2020 2019 2020 Comparing Q2 2020 to Q2 2019 - Revenues came in at $36.3 million in Q2 20’ marking an increase of $2.2 Voyage revenues 34,084 36,252 72,526 70,629 million (6.5%) compared to the same
Slide 9: Performance Highlights & Analysis
2|Financials |Performance Highlights & Analysis |Performance Highlights Fleet Data Q2 2019 Q2 2020 6M 2019 6M 2020 Period end number of owned vessels in fleet 42 42 42 42 Total calendar days for fleet 4,004 3,743 8,331 7,554 • Operational utilization of c.97 % in Q2 20’, a strong performance given a
Slide 10: Balance Sheet 6M 2020
2|Financials | Balance Sheet 3M 2020 Balance Sheet (Amounts in #039;000s) 12M 2019 6M 2020 • Liquidity on GASS balance sheet, including Assets restricted cash is close to $51.5 million. Cash & cash equivalents 68,465 36,637 Current assets excl. cash 9,467 8,722 Advances for vessels 2,989 9,316 Vessel,
Slide 11: LPG Sector Highlights & Trends
3|Market update| LPG Sector Highlights & Trends |China LPG Imports (YOY growth) |LPG Imports to Asia (YOY growth) 0.25 0.20 0.40 0.15 0.30 0.10 0.20 0.05 0.00 0.10 -0.05 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0.00 -0.10 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -0.15 -0.10 -0.20 -0.20
Slide 12: LPG Sector Highlights & Trends
3|Market update| LPG Sector Highlights & Trends • During Q2 20’ and due to the pandemic outbreak, rates for small LPGs declined, mostly driven by the sharp deterioration of the European market. |Small LPG Daily Charter Rates Evolution ($) • Demand for larger coasters i.e 7,500 cbm remained relativel
Slide 13: Share Performance
20% 4|Share Performance Crude Oil StealthGas Inc. Dorian Lpg Ltd Navigator Holdings Ltd. 0% -20% -40% -60% -80% -100% 1/ 1/2020 2/ 1/2020 3/ 1/2020 4/ 1/2020 5/ 1/2020 6/ 1/2020 7/ 1/2020 • The global COVID-19 outbreak and imposed lockdown, resulted in a fall in demand for petroleum products. • The
Slide 14: Outlook | Forecast | Considerations Going Forward
5|Outlook|Forecast|Considerations Going Forward • Given the turbulent and uncertain market, it is quite difficult to predict revenue and profitability. • Below are key variables that will affect our performance going forward. |GASS Financial & Market Forecast Considerations ❖ High period coverage de
Slide 15: Outlook | Why StealthGas?
5|Outlook|Why StealthGas? StealthGas Strengths Positive Market Drivers Our Company’s core value lies on the following: Market Factors that will positively affect our segment and consequently our Company: ✓ Conservative chartering policy and capital structure management with significant secured pre c