Pangaea Logistics Solutions Ltd. · NASDAQ:PANL
Pangaea Logistics Solutions — Q2 2015 Earnings Presentation
7 slides from Pangaea Logistics Solutions's earnings presentation, Aug 14, 2015
Slide 1: Second Quarter 2015 Results
Second Quarter 2015 Results August 2015
Slide 2: Safe Harbor
Safe Harbor This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea’s and manage
Slide 3: Second Quarter 2015 Highlights
Second Quarter 2015 Highlights • Net income attributable to Pangaea Logistics Solutions Ltd. was $5.5 million in the second quarter of 2015, compared to $1.2 million in the second quarter of 2014 • Pro forma adjusted earnings per common share1 increased to $0.15 in the second quarter of 2015, compar
Slide 4: Drivers of Performance
Drivers of Second Quarter 2015 Performance • Operating margin improved nearly threefold to 10.8% from 3.7%, this reflected an increased share of revenues coming from COAs as opposed to charter business and decreased expenses, specifically: - Voyage revenue per day decreased 3.4% to $11,401/day from
Slide 5: Defensible Pillars of Profitability
Defensible Pillars of Profitability • Execution specialization: - Material cost savings & enhanced profit through granular operating knowledge & unique approach - Secured & defended by 200+ years of expertise & embedded relationships; key managers average 20 years in the industry • Backhaul speciali
Slide 6: Selected Income Statement Data
Selected Income Statement Data Three months ended June 30, 2015 2014 (unaudited) (unaudited) Revenues: Voyage revenue $60,902,796 $79,921,090 Charter revenue 4,199,976 9,858,151 65,102,772 89,779,241 Expenses: Voyage expense 28,129,297 41,891,955 Charter hire expense 15,195,199 33,984,808 Vessel ope
Slide 7: Selected Balance Sheet and Cash Flow Data
Selected Balance Sheet and Cash Flow Data Balance Sheet Data June 30, 2015 December 31, 2014 Assets (unaudited) Current Assets Cash and cash equivalents $34,154,575 $29,817,507 Accounts receivable 21,004,625 27,362,216 Other current assets 22,479,675 27,693,697 Total current assets 77,638,875 84,873
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