Pacific Basin Shipping Limited · HKEX:2343

Pacific Basin Shipping — Non-Deal Roadshow (June 2015)

18 slides from Pacific Basin Shipping's roadshow presentation, Jun 18, 2015

1. Slide 1: Pacific Logger departing Tauranga pass Mount Maunganui

   Pacific Logger departing Tauranga pass Mount Maunganui 18 June 2015

2. Slide 2: World's Largest Handysize Bulker Owner/Operator

   World’s Largest Handysize Bulker Owner/Operator PB Dry Bulk Fleet Development Average number of vessels operated Handysize  Listed in Hong Kong Handymax 213 209 Post-Panamax 2  Long term assets and newbuilding 58 commitments of US$2 billion and book equity of US$1 billion  Fully focused on Handys

3. Slide 3: Understanding Our Core Market

   Understanding Our Core Market Our Focus 3

4. Slide 4: Strategic Model

   Strategic Model OUR STRONG CORPORATE & OUR LARGE VERSITILE FLEET FINANCIAL PROFILE Striving for best-in-class internal and external Fleet scale and interchangeable high-quality dry reporting, transparency and corporate stewardship bulk ships facilitate service flexibility to Robust balance sheet and

5. Slide 5: Experienced Management - Team

   Experienced Management - Team Chairman & BOD Numbers Indicate Years in Company / Years in Shipping CEO Mats Berglund Asset Management 3/29 Morten Ingebrigtsen Finance & Accounting, CFO 26/29 Andrew Broomhead 12/12 HR P.B. Subbiah Company Secretary & Risk 12/21 Kitty Mok 19/19 Chartering Chartering P

6. Slide 6: Pacific Basin Dry Bulk – Diversified Cargo

   Pacific Basin Dry Bulk – Diversified Cargo Pacific Basin Cargo Volume 1 Jan – 25 Mar 2015  Diverse range of commodities reduces product risk  China and North America were our largest markets More than  60% of business in Pacific and 40% in Atlantic 400 customers! 6

7. Slide 7: Pacific Basin Values – With You for the Long Haul

   Pacific Basin Values – With You for the Long Haul We are determined to find and deliver the right solutions to problems and We believe in the importance challenges faced by our customers. We strongly believe in the value of human interaction and the of long term relationships over personal touch. sh

8. Slide 8: Cargo System Business Model – Outperforming Market Rates

   Cargo System Business Model – Outperforming Market Rates Outperforming Market Rates with US$2,390/day last 5 years  Large fleet of high-quality $US/day 20,000 substitutable ships $16,750  Large portfolio of cargo contracts & relationships – No outward time- 15,000 $13,530 charters $10,460  Direct

9. Slide 9: 2015 First Quarter Trading Update

   2015 First Quarter Trading Update  Much improved performance vs Market – Especially Handymax US$ Actual TCE/day Index Rate Premium Handymax 1Q15 9,800 6,100 +3,700 +4,100/day 1Q14 10,700 11,100 -400 Handysize 1Q15 8,100 5,100 +3,000 +2,100/day 1Q14 10,400 9,500 +900  Handymax strategy concentrated

10. Slide 10: Handysize Benefits

    Handysize Benefits  A segment in which scale & operations make a difference  Holds up better in weak market  Driven by minor bulk demand  Older age profile – higher scrapping  Modest Handysize fleet growth 350 Global Bulk Carrier Fleet Growth Yr 2004 = 100 300 Capesize: 216% Handymax: 182% 250

11. Slide 11: High Quality Japanese Ships

    High Quality Japanese Ships  Well designed secondhand Japanese ships remain very competitive – especially at slow speeds  Our newbuidlings are primarily Japanese 38,000dwt vessels not available in secondhand market  All ships designed & equipped to fit our trades long term  Japanese ships = Supe

12. Slide 12: Investing in Our Core Business

    Investing in Our Core Business  Owned fleet of bulkers grow from 37 to 80 to 98 Pacific Basin Dry Bulk Owned Fleet on the Water  Balance sheet remains robust with net gearing of 40% and cash of US$363 mil by the end of 2014 98  18 newbuildings will deliver 2015-2017, remaining 18 80 NBs commitmen

13. Slide 13: Dry Bulk Market Situation

    Dry Bulk Market Situation The Market is Weak Optimism 2H13 Turned into Pessimism 2H14 BSI and BHSI Handysize Secondhand Values US$/day net US$m $16,000 55 $14,000 50 $12,000 45 $10,000 16 Jun 2015: 40 $8,000 BSI: $6,903 35 $6,000 30 $4,000 25 BHSI: $4,851 20 Jun 15: $2,000 15 US$13m $0 Jan-12 Jul-12

14. Slide 14: Dry Bulk Self-Correcting Factors

    Dry Bulk Self-Correcting Factors Increased Scrapping The Chinese Yard Sector is Shrinking What is going to happen to fleet growth in 2015? 35 Net BC Fleet Change Development Mill dwt 30 25 2015 20 Due to much increased scrapping, the fleet has not 2014 grown since end January but the lowest hanging

15. Slide 15: Demand Development

    Demand Development Chinese Imports 7 Minor Bulks – Dry Bulk Supply & Demand Forecast Down Due to Indonesian Export Ban 25% Total Drybulk Supply & Demand Quarterly Year-on-Year change % 350 Covering: China 7 Minor Bulk Imports Last 12 months Soybeans 20% Mill tonnes annualised Logs Apr-14 300 Mang or

16. Slide 16: Capital & Management Now Fully Focused on Our World Leading Handy Dry Bulk Business

    Capital & Management Now Fully Focused on Our World Leading Handy Dry Bulk Business Start 2012 2015 Four business units Fully Dry Bulk Focused US$1.6 billion of long term assets US$2 billion of long term assets Including NB commitments ME Towage 18 Newbuildings Terminal, etc Towage Minor player No c

17. Slide 17: Pacific Basin Benefits

    Pacific Basin Benefits  Fully focused on core world leading Handy Dry Bulk business – Now well structured & out of non core  Business model consistently delivering premium over market rates  Large quality fleet of predominantly Japanese built ships  Depth & experience of staff & offices througho

18. Slide 18: Disclaimer

    Disclaimer This presentation contains certain forward looking statements with respect to the financial condition, results of operations and business of Pacific Basin and certain plans and objectives of the management of Pacific Basin. Such forward looking statements involve known and unknown risks,

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