Navios Maritime Holdings Inc Perp Pfd Shs Sp Amer Dep Recpt Level 3 Repr 1/100th Perp Pfd Shs Ser G · OTC:NMPGY
Navios Maritime Holdings Inc Perp Pfd Shs Sp Amer Dep Recpt Level 3 Repr 1/100th Perp Pfd Shs Ser G — Navios Maritime Holdings — Q1 2022 Earnings Presentation
25 slides from Navios Maritime Holdings Inc Perp Pfd Shs Sp Amer Dep Recpt Level 3 Repr 1/100th Perp Pfd Shs Ser G's earnings presentation, May 19, 2022
Slide 1: Navios Maritime Holdings Inc. Q1 2022 Earnings Presentation
Navios Maritime Holdings Inc. Q1 2022 Earnings Presentation May 19, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains and our earnings call will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including with respe
Slide 3: Navios Structure
Navios Structure Navios Maritime Holdings Inc. NYSE: NM 36 Drybulk Vessels 3.9 million DWT Average Age: 9.4 years 12 Capesize 19 Panamax 5 Ultra-Handymax/Handysize 10.3% 63.8% Navios Maritime Partners L.P. Navios South American NYSE: NMM Logistics Inc. International owner and operator of dry Infrast
Slide 4: Company Highlights
Company Highlights Q1 2022 Financial Results Revenue $127.8 million EBITDA $73.8 million Net Loss(1) $(5.0) million Q1 2022 TCE per day achieved Capesize $15,377 Panamax $25,835 Ultra-Handymax $22,080 ■ $664.3 million bond repayments YTD ▪ $614.3 million repayment of 7.375% Ship Mortgage Notes – Not
Slide 5: Operating Cash Flow - 9M 2022
Operating Cash Flow - 9M 2022 9,873 available days • 4,377 (44%) days fixed at $29,622 net per day • 5,496 (56%) days with market exposure (open or index linked) Illustrative operating cash flow – excluding Senior Notes maturity and PIK interest $29,724 $29,622 44% Fixed $3,512 Breakeven per open da
Slide 6: NM Q1 2022 Earnings Highlights
NM Q1 2022 Earnings Highlights Earnings Highlights ($ ‘000 except per share data) Three months ended Three months ended P-o-P March 31, 2022 March 31, 2021 Variance Revenue 127,790 116,951 9.3% EBITDA 73,781 54,592 35.1% Adjusted EBITDA 73,781 49,195(2) 50.0% Net (Loss)/Income (5,000) 163 n/a Adjust
Slide 7: NM Balance Sheet
NM Balance Sheet Selected Balance Sheet Data (in $'000) March 31, 2022 December 31, 2021 Cash & cash equivalents (incl. restricted cash) 49,805 137,851 Other current and non current assets 552,819 547,499 Operating lease asset 161,398 173,426 Vessels, port terminal and other fixed assets, net 940,30
Slide 8: Navios South American Logistics Overview
Navios South American Logistics Overview Navios Maritime Holdings Inc. (NYSE: NM) Peers Business Inc. ✓ Leading integrated infrastructure & logistics 63.8% 36.2% company in the Hidrovia region ✓ Strategically located port infrastructure, with Navios South American Logistics unique capabilities, diff
Slide 9: Navios Logistics Q1 2022 Earnings Highlights – IFRS
Navios Logistics Q1 2022 Earnings Highlights – IFRS (in $ ‘000) Three months ended Three months ended Y-O-Y Variance March 31, 2022 March 31, 2021 Revenue 58,847 53,036 11% Navios Logistics EBITDA 24,210 23,611 3% (Loss)/Profit (381) 2,507 n/a Revenue 27,954 24,772 13% Port Terminal Business EBITDA
Slide 10: Navios Logistics Q1 2022 Balance Sheet – IFRS
Navios Logistics Q1 2022 Balance Sheet – IFRS Statement of Financial Position ($'000) March 31, 2022 December 31, 2021 Cash and cash equivalents $33,401 $32,580 Trade receivables and contract assets 44,755 44,444 Tangible assets 531,830 537,841 Intangible assets 152,369 153,062 Other assets 25,547 2
Slide 11: Large Diversified Dry Bulk Fleet
Large Diversified Dry Bulk Fleet Navios Holdings Controls 36 (1) Vessels On The Water (3.9 million DWT) Average Age: 9.4 years 12 Capesize 19 Panamax 4 Ultra 1 Handysize Handymax 10 Vessels 12 Vessels 3 Vessels - Vessel 25 Owned (3) 1.78 million DWT 0.96 million DWT 0.17 million DWT - million DWT 2.
Slide 12: ESG – Sustainability through Sea Trade
ESG – Sustainability through Sea Trade Transoceanic shipping is the most carbon efficient mode of transport ▪ Shipping represents: • ~ 90% of world trade • ~ 3% of man-made greenhouse gas emissions ▪ Net zero will safeguard air and water quality and avoid negative ecological impacts Aspirational Goa
Slide 13: Industry Overview
Industry Overview
Slide 14: World Dry Bulk Trade
World Dry Bulk Trade 6.5 World GDP Growth 6.1 5.7 5.3 4.5 4.6 4.3 4.4 4.4 4.4 4.3 4.3 4.1 3.9 3.9 3.9 3.9 3.7 3.7 3.7 3.6 3.4 3.4 3.5 3.2 3.3 3.0 3.0 3.1 3.0 2.9 3.0 2.9 2.9 2.4 2.6 2.5 2.7 2.6 2.4 2.2 2.0 1.9 1.9 2.0 1.9 1.8 1.4 1.5 0.6 0.4 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 199
Slide 15: Iron Ore – Supply Issues and China Moderating Trade
Iron Ore – Supply Issues and China Moderating Trade Seaborne Iron Ore Trade Selected Iron Ore Trade Excl China 2019-2022(1) 12 ◼ World seaborne iron ore trade is expected to Million Tonnes increase by 77 MT or 10.2% in 2H22 led in 1st Half 2nd Half 10 part by China’s expected infrastructure program
Slide 16: Coal: Ton Mile Growth Due to the War
Coal: Ton Mile Growth Due to the War Seaborne Coal Trade Seaborne Coal Trade (Ton-Miles) ◼ Asian seaborne coal imports grew by 3.4% 1st Half 2nd Half 4.0% 5,500 in 2021 and are expected to grow a further 0.9% 0.3% in 2022 5,000 5.6% 636 Million Ton Miles ◼ European seaborne coal imports grew by 622
Slide 17: Food Security Drives Demand for Grain
Food Security Drives Demand for Grain Seaborne Grain Trade Seaborne Grain Exports 2022-23 600 Million tons 2022 P YoY% Δ MT 2023 F YoY% Δ MT 2008 – 2021 CAGR = 4.8% Million Tons Total World Trade 503.3 -3.8% -19.6 520.7 3.5% 17.5 500 Of which: US 138.5 5.1% 6.7 140.7 1.6% 2.2 Canada 30.5 2.3% 0.7 30
Slide 18: Dry Bulk Fleet Data
Dry Bulk Fleet Data ▪ 2022 Expected net fleet growth ~ 2.2% ▪ 2023 Expected net fleet growth ~ 0.4% ▪ Total orderbook of 6.6% is one of the lowest on record ▪ Vessels over 20 years of age = 8.3% of the fleet Deliveries Removals Net Fleet Growth Year Actual Projected % non-delivery Year DWT % of flee
Slide 19: www.navios.com
www.navios.com
Slide 20: Appendix: Navios Holdings Fleet
Appendix: Navios Holdings Fleet
Slide 21: Appendix: Core Fleet
Appendix: Core Fleet Owned Fleet: Ultra Handymax Vessels Type Built DWT Charter Rate ($) (1) Expiration Date (2) Index Navios Ulysses Ultra Handymax 2007 55,728 28,500 09/2022 — Navios Celestial Ultra Handymax 2009 58,063 35,150 07/2022 — 100% of average Baltic Navios Vega Ultra Handymax 2009 58,792
Slide 22: Appendix: Core Fleet
Appendix: Core Fleet Owned Fleet: Capesize Vessels Type Built DWT Charter Rate ($) (1) Expiration Date (2) Index Navios Stellar Capesize 2009 169,001 — 02/2023 95.75% of average Baltic Capesize 5TC Index Routes — 06/2022 100.5% of average Baltic Capesize 5TC Index Routes Navios Happiness Capesize 20
Slide 23: Appendix: Core Fleet
Appendix: Core Fleet Long-Term Chartered-In Fleet Vessels Type Built DWT Charter Rate ($)(1) Expiration Date (2) Purchase Option (3) Index Navios Lyra Handysize 2012 34,718 23,275 10/2022 Yes (4) — Navios Venus Ultra Handymax 2015 61,339 30,400 08/2022 Yes — 28,624 06/2022 — Navios Amber Panamax 201
Slide 24: Appendix: Core Fleet
Appendix: Core Fleet Bareboat-in Vessels Vessels Type Built DWT Charter Rate ($) (1) Expiration Date (2) Purchase Option (3) Index Navios Herakles I Panamax 2019 82,036 30,638 08/2022 Yes — Navios Uranus Panamax 2019 81,516 30,875 08/2022 Yes — Navios Felicity I Panamax 2020 81,946 31,825 11/2022 Ye
Slide 25: www.navios.com
Containership Sector | Clarkson Research www.navios.com www.clarksons.com
Navios Maritime Holdings — Q1 2022 Earnings Presentation on 6ix