Slide 1: Fourth Quarter 2018 Financial Results Conference Call
Fourth Quarter 2018 Financial Results Conference Call January 24, 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain “forward-looking statements” (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). All statements, other than statements of historical facts, that address activities, events or developments that the
Slide 3: Highlights
Highlights Performance ✓ Adjusted Q4 EPS of $0.12(1). Fleet ✓ Fleet utilization of 99.6%(2). ✓ 12 vessels in new or extended time charters. Growth ✓ Newbuilding orders and secondhand acquisitions worth of $900 million during 2018. ✓ Acquired the 60% equity interest of York Capital Management in five
Slide 4: Q4 2018 New Chartering Agreements
Q4 2018 New Chartering Agreements # Vessel Built TEUs Latest Fixture Term 1 Cape Sounio 2017 11,010 $33,500 12 to 14 months 2 Cape Artemisio 2017 11,010 $32,500 10 to 12 months 3 Oakland Express 2000 4,890 $10,000 10 to 12 months 4 Halifax Express 2000 4,890 $10,000 21 to 23 months 5 Singapore Expre
Slide 5: Recent Transactions – Vessel Disposals / Dividend Declarations
Recent Transactions –Vessel Disposals/ Dividend Declarations Vessels In November 2018, we sold for demolition the 1994-built, 1,162 TEU container vessel disposals Petalidi. On January 3, 2019, we declared a dividend for the quarter ended December 31, 2018 of $0.10 per share on our common stock,
Slide 6: Q4 2018 Income Statement Snapshot
Q4 2018 Income Statement Snapshot Q4 2018 RESULTS 4Q 2017 4Q 2018 % Change Ownership Days 4,843 5,505 13.7% Average Number of Vessels 52.6 59.8 13.7% Voyage Revenues $100,618 $106,153 5.5% Net Interest and Finance Costs(*) 15,766 18,924 20.0% Adjusted Net Income Available to Common Stockholders(**)
Slide 7: 2018 Transactions Focused on Recurring Cash Flows
2018 Transactions Focused on Recurring Cash Flows ▪ Total newbuilding orders and second hand # Vessel TEUs Year Built Charter Period acquisitions in 2018 worth approximately (in years) (1) $900m. 1 Megalopolis 4,957 2013 7 2 Marathopolis 4,957 2013 7 3 Maersk Kleven 8,044 1996 2.5 ▪ Incremental cont
Slide 8: High Quality & Stable Cash Flows
High Quality & Stable Cash Flows Revenue Contribution (All Vessels)(1)(2) • As of January 23, 2019, contracted Other 1.0% 0.5% revenues of approximately 0.4% $2.3Bn(1)(2) 14.3% 25.5% • TEU-weighted average remaining time charter duration for the fleet is about 3.8 years(1)(2) 31.8% 26.5% Notes 1. Ba
Slide 9: Container Shipping Industry
Container Shipping Industry Charter Rates Idle Fleet Charter Index (HRCI)(1) %of fleet 900 15% 800 2.5% 700 10% 600 5% 500 400 0% 300 Source: Howe Robinson as of January 23, 2019 Source: AXS-Alphaliner as of January 15, 2019 Orderbook Box Rates Orderbook/ Total Fleet (%) CCFI Index 60 1,000 50 950 9
Slide 10: Costamare Inc. Q&A
Costamare Inc. Q&A
Slide 11: Appendix – I: Net Income to Adj. Net Income and Adj. EPS Reconciliation
Appendix – I Net Income to Adj. Net Income Available to Common Stockholders and Adj. EPS Reconciliation Three-month period ended December 31, (Expressed in thousands of U.S. dollars, 2017 2018 except share and per share data) Net Income $ 2,670 $ 19,732 Note: Adjusted Net Income available to common