Global Ship Lease Inc New · NYSE:GSL
Global Ship Lease Inc New — Global Ship Lease — Q4 2008 Earnings Presentation
12 slides from Global Ship Lease Inc New's earnings presentation, 2009
Slide 1: Fourth Quarter 2008 Presentation
Fourth Quarter 2008 Presentation 0
Slide 2: Safe Harbor Statement
Safe Harbor Statement This communication contains forward-looking statements. Forward-looking statements provide Global Ship Lease’s current expectations or forecasts of future events. Forward-looking statements include statements about Global Ship Lease’s expectations, beliefs, plans, objectives, i
Slide 3: Disclaimer
Disclaimer The financial information and data contained in this communication is unaudited and does not conform to the U.S. Securities and Exchange Commission Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, Global
Slide 4: Global Ship Lease: 4Q08 and 2009 YTD Highlights
Global Ship Lease: 4Q08 and 2009 YTD Highlights Paid a starting dividend of $0.23 per share on October 14, 2008 to all Class A common shareholders and unit holders of record as of October 2, 2008 Paid a third quarter dividend of $0.23 per share on November 28, 2008 to all Class A common shareholders
Slide 5: Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes
Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes *Seven to eight years at option of Charterer 4
Slide 6: Credit Facility Amendment
Credit Facility Amendment Amended Revolving Facility Highlights Significantly enhances GSL’s ability to pay Total Amount $800 million shareholders attractive dividends Undrawn Amount $258 million Collateral maintenance covenant increased for one 8 years from Dec 07; 4 non- year to 100% loan to value
Slide 7: 4Q08 Financials
te eae 4Q08 Financials EER co 4 GLOBAL SHIP LEASE
Slide 8: Fourth Quarter Financial Results
Fourth Quarter Financial Results Three months ended $ in thousands December 31, 2008 (Unaudited) Operating revenues 26,305 Operating expenses Vessel operating expenses 7,924 Depreciation 5,883 General and administrative 2,686 Other operating (income) (63) Total operating expenses 16,430 Operating in
Slide 9: Balance Sheet
Balance Sheet As of December 31, 2008 ($ in thousands) (Unaudited) Assets Cash and cash equivalents $26,363 Restricted Cash 3,026 Accounts Recievable 638 Prepaid expenses and other receivables 2,447 Deferred financing costs 526 Total current assets 33,000 Vessels in operation 906,896 Vessel deposits
Slide 10: Cash Available For Distribution
Cash Available For Distribution Three Months Ended December 31, 2008 ($ in thousands) (Unaudited) Net loss (43,655) Add: Depreciation 5,883 Charge for equity incentive awards 812 Amortization of deferred financing fees 133 Change in value of derivatives 50,675 Less: Allowance for future dry-docks (7
Slide 11: Distributions Per Share
Distributions Per Share Declared a fourth quarter dividend of $0.23 per share payable on March 5, 2009 to all Class A and B common shareholders and unit holders of record Period Declared Dividend as of February 20, 2009 Starting Dividend $0.23 Paid a third quarter dividend of $0.23 on November 28, 2
Slide 12: Global Ship Lease
Le GLOBAL SHIP LEASE