Global Ship Lease Inc New · NYSE:GSL
Global Ship Lease Inc New — Global Ship Lease — Q1 2009 Earnings Presentation
10 slides from Global Ship Lease Inc New's earnings presentation, 2009
Slide 1: First Quarter 2009 Presentation
First Quarter 2009 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: First Quarter and YTD 2009 Highlights
Global Ship Lease: First Quarter and YTD 2009 Highlights Generated $15.3 million of cash available for distribution in first quarter of 2009 Reported revenue of $35.0 million for the first quarter of 2009 Reported normalized net earnings of $6.8 million, or $0.13 per A and B share, for the first qua
Slide 5: Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes
Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes *Seven to eight years at option of Charterer 4
Slide 6: 1Q09 Financials
1Q09 Financials EER co 4 GLOBAL SHIP LEASE
Slide 7: First Quarter Financial Results
First Quarter Financial Results Three months ended ($ in thousands) March 31, 2009 (Unaudited) Operating revenues 35,008 Operating expenses Vessel operating expenses 10,722 Depreciation 8,786 General and administrative 2,140 Other operating income (56) Total operating expenses 21,592 Operating incom
Slide 8: Balance Sheet
Balance Sheet As of March 31, 2009 ($ in thousands) (Unaudited) Assets Cash and cash equivalents 25,383 Restricted Cash 3,026 Accounts Receivable 912 Prepaid expenses and other receivables 638 Other receivables 1,160 Deferred financing costs 1,008 Total current assets 32,127 Vessels in operation 898
Slide 9: Cash Available For Distribution
Cash Available For Distribution Three months ended March 31, 2009 (Unaudited) ($ in thousands) Net income 11,153 Add: Depreciation 8,786 Charge for equity incentive awards 716 Amortization of deferred financing fees 374 Less: Change in value of derivatives (4,309) Allowance for future dry-docks (900
Slide 10: Global Ship Lease
Le GLOBAL SHIP LEASE