Slide 1: General Assembly EXMAR
General Assembly - 18th of May 2021 GENERAL ASSEMBLY EXMAR 18th of May 2021 1
Slide 2: Speakers
General Assembly - 18th of May 2021 Speakers Nicolas Saverys Francis Mottrie Patrick De Brabandere Executive Chairman Chief Executive Officer Chief Financial Officer 2
Slide 3: Agenda
General Assembly - 18th of May 2021 Agenda 01 EXMAR highlights 02 Infrastructure 03 Shipping 04 Financials 05 Corporate & strategic focus 3
Slide 4: EXMAR highlights
EXMAR highlights EXMAR in short Ideally positioned to benefit from ESG developments • Listed on Euronext Brussels (EXM.BB) HIGHLIGHTS • Settlement agreement reached with YPF on Tango FLNG October 2020 • Evolution from shipbuilder (1829) • Termination fee received equal to two years hire as a result
Slide 5: Infrastructure assets and services
EXMAR assets and services Integrated provider of gas transportation and transformation solutions INFRASTRUCTURE Assets GENERAL ASSEMBLY - 18TH OF MAY 2021 1 FLNG 1 FSRU 2 acco barges (barge-based) (barge-based) Achievements • Pioneer in FSRU (2005) and STS Transfer (2006) • Developed OPTI and FAST t
Slide 6: Shipping assets and services
EXMAR assets and services Integrated provider of gas transportation and transformation solutions SHIPPING Assets 10 Fully pressurized LPG carriers 21 Midsize LPG carriers 3 Very Large Gas carriers GENERAL ASSEMBLY - 18TH OF MAY 2021 1 Semi-refrigerated LPG carrier 1 LNG carrier Achievements • Strong
Slide 7: Supporting services
EXMAR assets and services Integrated provider of gas transportation and transformation solutions SUPPORTING SERVICES • EXMAR Shipmanagement • BEXCO GENERAL ASSEMBLY - 18TH OF MAY 2021 • EXMAR Offshore • DV Offshore • MARPOS • I.M.A. • Travel PLUS • EXMAR Yachting 01 02 03 7
Slide 8: Infrastructure highlights
Infrastructure highlights A fresh start Highlights • Settlement agreement reached with YPF on Tango FLNG (USD 150 million) in October 2020 • Termination of charter party for FSRU barge by Customer Gunvor April 2021. Termination fee of two years hire received • Fully proven operations above expectati
Slide 9: Infrastructure LNG barges
Infrastructure LNG barges MARKET OUTLOOK Strong value proposition by offering immediately available solutions • LNG and Natural Gas are considered the transition fuel of the future thanks to the lower emissions, resulting in higher demand and also leads to replacement of other fuels. • Healthy LNG p
Slide 10: Infrastructure acco barges & engineering
Infrastructure acco barges & engineering Committed acco barges and healthy engineering orderbook MARKET OUTLOOK OFFSHORE ENGINEERING • Healthy engineering orderbook across the different engineering offices • The professional operational experience of Exmar makes us the preferred partner Nunce Waribo
Slide 11: Shipping: well-positioned for Midsize opportunities
Shipping Well-positioned to take advantage of especially Midsize opportunities LPG segment overview Business approach • Strong JV partner in Teekay LNG Partners on Midsize 10 LPG and solid LPG contract portfolio • LNG carrier EXCALIBUR on charter to Excelerate until Fully pressurized 83% 2021 Charte
Slide 12: Shipping: strong LPG fundamentals but growing orderbook
Shipping Strong LPG fundamentals but growing orderbook in largest segments VLGC and MGC TC rates (1000 $/month) Pressurised TC rates (1000 $/month) GENERAL ASSEMBLY - 18TH OF MAY 2021 Continued strong performance for Fully Ref shipping markets foreseen in 2021 but Strong recovery expected post-Coron
Slide 13: Supporting services
Supporting services Versatile services for a wide range of clients • Specialised high quality ship management & related services • Specific services offered by BEXCO, Travel Plus and EXMAR Yachting to LPG carriers, fruit juice carriers, FLNGs, FSRUs, FSUs and • 2020 EBITDA positively influenced by t
Slide 14: EXMAR financial highlights: improved balance sheet
EXMAR financial highlights Improved balance sheet PROFIT USD 92 Million Net profit following YPF termination fee fully booked in Q4/2020 and after impairments on older vessels LIQUIDITY POSITION Improved thanks to strong LPG markets and compensations for early terminations NET DEBT REDUCTION Reduced
Slide 15: EXMAR financial highlights: improved balance sheet
EXMAR financial highlights Improved balance sheet (In USD millions) 2019 2020 Q1/2021 Profit & Loss Operating Income 224.4 384.2 56.3 EBITDA 100.91 239.92 20.1 EBIT 34.4 137.6 5.1 Net income -13.2 92.0 -2.2 EPS (USD/share) -0.21 1.41 -0.04 Cash 146.2 131.0 135.9 Gross interest bearing debt 709.9 619
Slide 16: Financial highlights 2020 and Q1/2021
Financial highlights 2020 and Q1/2021 Liquidity position & financing • Refinancing of the LPG fleet (USD 310 million) fully completed in Q4/2020, generating USD 50 million cash. • The Unsecured Bond (EXMAR02) matures in May 2022 (NOK 650 million). Repurchase of NOK 10.5 million Bonds in Q1/2021. • N
Slide 17: Stock performance
EXMAR stock performance Stock performance Past year General Assembly - 18th of May 2021 17
Slide 18: Corporate & strategic focus
Corporate & strategic focus Care for today, respect for tomorrow EXMAR • EXMAR has since long been investing responsibly & reporting on sustainability • Designated ESG chapter in EXMAR 2020 Annual Report applying UN SDGs, SASB standards and own metrics Environment • Reducing GHG emissions by optimiz
Slide 19: Corporate & strategic focus
Corporate & strategic focus 01. Exmar is operating in growing LPG and LNG markets supported Care for today, respect for tomorrow by increasing decarbonization efforts worldwide: gas is recognized as the intermediate fuel going to 2050. LNG LPG 02. Strong EBITDA growth in 2020 LNG is considered the L
Slide 20: Thank you for your attention
General Assembly - 18th of May 2021 Thank you for your attention WWW.EXMAR.BE 20