Ultrapetrol (bahamas) Limited · OTC:ULTRF
Ultrapetrol (bahamas) — Q3 2012 Earnings Presentation
27 slides from Ultrapetrol (bahamas)'s earnings presentation, Nov 15, 2012
Slide 1: Third Quarter 2012 Earnings Call Presentation
ULTRAPETROL (Bahamas) Ltd. Third Quarter 20742 Earnings Calf Presentation November 15, 2012
Slide 2: Forward Looking Statements & EBITDA Disclosure
Forward Looking Statements & EBITDA Disclosure and analysis in this 3g 9ur operations, cash flows and financial position including. in particular, tements tl ude worus such as “expects,” “anticipates,” orecastse” wilt Say? “should and similar expressions are forward: is, Although these nm tions we b
Slide 3: 3Q 2012 & Subsequent Events Highlights
Ultrapetrol 3Q 2012 & Subsequent Events Highlights Nine months ended Nine months ended % Si RHE % (3000's) September 30,2012 _September30,2011__change chang Revenues $728,529 209,381 o% © Sea7e4 $80,038 3% ‘Adjusted EBITDA" $25,988 $97,888 3% $9072 S13,817 3% Net (loss) as reported ($32,105) (812,51
Slide 4: 3Q 2012 Adjusted EBITDA vs. 3Q 2011
Ultrapetrol 3Q 2012 Adjusted EBITDA vs. 3Q 2011 Adjusted EBITDA per segment 3012 3Q11 Difference _% Change River Business 73) 8.251 (6524) Offshore Supply Business 6252 5.575 677 12% ‘Ocean Business. 3816 1,991 1,825 2% Total Segment Adjusted EBITDA Ses. SEG ($5022) 38% ‘tems not included in Segment
Slide 5: New Private Equity Agreement
Ultrapetrol New Private Equity Agreement On November 13, 2012, the Company and Sparrow Capital Investments, Ltd, a subsidiary of Southern Cross Latin America Private Equity Funds Ill and IV announced yesterday that they have entered into an investment agreement. Under the terms of the agreement, Sou
Slide 6: Historical Consolidated EBITDA and 2012 Guidance
Ultrapetrol Historical Consolidated EBITDA and 2012 Guidance Historical Adjusted Consolidated EBITDA sr $61.3 2009 2010 2011 The Company expects its full- year 2012 adjusted EBITDA to be between $45.0 and $52.0 million (*) 4Q 2012 EBITDA contribution: $520 : La pe Fee River Business [EBITDA per segm
Slide 7: River Business
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Slide 8: River Business 3Q 2012 vs. 3Q 2011
River Business 3Q 2012 vs. 3Q 2011 FINANGIAL HIGHLIGHTS RIVER Nine months ended je months ended _% ma aa ee ($000's) September 30, 2012 September 30, 2011 Change Change Net Tons Transported 2,711,693 3,482,850 22% 997,649 1,290,623 27% Revenues $116,000 $113,518 1% «= $43,872 $43,707 0% Voyage and 1
Slide 9: Paraguayan soybean prospects & price evolution
River Business Paraguayan soybean prospects & price evolution Paraguayan Seeded Area & Production Monthly Soybean Prices - Sep 09 - Sep 12 (in $ per metric tony) 9.0 1m Seeded Area 8.0 | mProduction 86 we 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013, © PPE E KEE FREE Kas = 2012 figures of
Slide 10: Corumba Region Iron Ore prospects & price evolution
River Business Corumba Region Iron Ore prospects & price evolution Hidrovia Regional Iron Ore Production (") Monthly Iron Ore Prices - Sep 09 - Sep 12 (In $ per dry metric ton)®) eS 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 &L. © © 9 ° Re re 1 Iron ore production in the Corumba reg
Slide 11: Offshore Supply
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Slide 12: Offshore Supply Business 3Q 2012 vs. 3Q 2011
Offshore Supply Business 3Q 2012 vs. 3Q 2011 FINANCIAL HIGHLIGHTS OFFSHORE SUPPLY Nine months ended Nine months ended % au | oH (5000's) September 20, 2012 _September 30, 2011 _ Change. change Revenues 64,160 46,634 16% 18,990 18.967 0% Voyage Expenses 3.459) Q713 27% (ats) (14022) 38% Running Costs
Slide 13: Petrobras Business and Management Plan 2012-2016
Offshore Supply Business ir and F Plan 2012-2016 CAPEX 2012-2016: $236.5 million (980 projects) Petrobras’ Historical CAPEX ( sae 2011-2015 Plan: = 3.6; 1% 3.8; 2% EGP =Total ‘$224.7 billion ESP 2012-2016 $127.87 bition <4 = Total 2012-2016 434 432 35.4 290 ul 18. 18. 165 11.6 11. aE pe 6 0 2004 200
Slide 14: UP Offshore fleet list today
Offshore Supply Business UP Offshore fleet list today Modern fleet of 9 PSVs (avg. age 4.1 years) 3 PSVs under construction in India Vessels have agreed the renewal of their charters for 4 years at USD 35,380 per day from USD 28,000 (approximately USD 8.0 million in additional EBITDA p.a.) These new
Slide 15: Ocean Business
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Slide 16: Ocean Business 3Q 2012 vs. 3Q 2011
Ocean Business 3Q 2012 vs. 3Q 2011 FINANCIAL HIGHLIGHTS OCEAN Nine months ended Nine months ended % % (5000's) September 30, 2012 September 30, 2011 Change 30423011 change Revenues $57,669 $48,179 20% $19,992 $17,964 15% Voyage Expenses (20,866) (15.000) 39% (6.259) (6.524) 13% Running Costs (26,327
Slide 17: Feeder Container Trade Evolution
Ocean Business Feeder Container Trade Evolution Total Revenues - 3Q 2011 vs. 3Q 2012 Feeder Container Vessels - MV Asturiano & MV Argentino BE se * Performance of our feeder container service has been strong during Ps zi the third quarter of 2012 mainly as a result of tariff increases 94 * Our custo
Slide 18: Quarter-on-quarter Selected Statement of Operation Data
Ultrapetrol Quarter-on-quarter Selected Statement of Operation Data th Tine montis ended Tine MONTE ONES — Change (3000's September 30, 2012 September 30, 2011 S22 att Revenues ‘trouble to River Business sngsis 1% saagr2 $4707 ‘trouble Ofshore Suppy Business 4863 10% 18990 18957 ‘ntnbutabe to Ocean
Slide 19: Quarter-on-quarter Income Statement
Ultrapetrol Quarter-on-quarter Income Statement Nine months ended Nine months ended (8000's) September 30, 2012 September30, 2011 S012 S18 Revenues $226,828 $208,331 $82,784 $80,038 Voyage Expenses (67.132) 70391) (80627) 27.107) Running Costs, (63313) (73244 85,428) 29.721) Depreciation and amortiz
Slide 20: Balance Sheet
Ultrapetrol Balance Sheet ‘At September 30, ‘At December 31, % ($000's) 2012 (Unaudited) 2011 Change SETS Cash & Cash Equivalents, $14,968 $34,096 58% Accounts Receivables 44574 30,993, 44% ‘Other Current Assets 54,692 41,044 33% \Vessels and Equipment, Net 665.941 671,445 1% Non-current Other Recei
Slide 21: Debt Repayment Schedule
Ultrapetrol Debt Repayment Schedule + Natixis portion of our Indian PSV financing is shown as current due 2012 - new long-term financing for $42.0 million for the first 2 PSVs in place - Financing for third and fourth PSV is currently being organized * Balanced yearly principal repayments in the med
Slide 22: Thank You Q&A
Thank You Q&A th
Slide 23: Accumulated Cash Flow and EBITDA reconciliation
Appendix Accumulated Cash Flow and EBITDA reconciliation Nine months ended (s000's) Sep-12___Sep-11 ‘Total cash flows provided by operating activities 2468 Tae Total cash flows (used in) investing activities (92.543) (62,966) ‘Total cash flows (used in) from financing activities 40832 12,203, Total
Slide 24: 3Q 2012 Operating Profit to Adjusted Consolidated EBITDA
Appendix (cont’d) 3Q 2012 Operating Profit to Adjusted Consolidated EBITDA ‘Third quarter ended September 20, 2012 (00's) River__Offshore Supply Ocean __ TOTAL ‘Segment operating (oss) profit ($6,232) $3629 $49 (81,854) Depreciation and amortization 5,490 2eis 2912 11,218 Investment in afiiates / Ne
Slide 25: 3Q 2011 Operating Profit to Adjusted Consolidated EBITDA
Appendix (cont’d) 3Q 2011 Operating Profit to Adjusted Consolidated EBITDA ‘Third quarter ended September 30, 2011 ($000's) River___Offshore Supply _Ocean TOTAL, ‘Segment operating (loss) profit $3,069, $3542 ($503) $6,108 Depreciation and amortization 5,707 2467 2.416 10,590, Investment in affliate
Slide 26: 9m 2012 Operating Profit to Adjusted Consolidated EBITDA
Appendix (cont’d) 9m 2012 Operating Profit to Adjusted Consolidated EBITDA Nine months ended September 30, 2012 (8000) River Offshore Supply Ocean ___TOTAL ‘Segment operating (loss) profit ($11,389) $12,153 ($3,113) ($2,349) Depreciation and amortization 16.268 8019 7.954 32,269 Investment in affiat
Slide 27: 9m 2011 Operating Profit to Adjusted Consolidated EBITDA
Appendix (cont’d) 9m 2011 Operating Profit to Adjusted Consolidated EBITDA Nine months ended September 30, 2011 (S000's) River__Offshore Supply Ocean _ TOTAL ‘Segment operating (loss) profit $6,937 $7504 ($2,382) $12,059 Depreciation and amortization 15,256 6850 7,061 29,167 Investment in affiiates
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