Slide 1: StealthGas Inc. 2nd Quarter 2011 Results
StealthGas Inc. 2nd Quarter 2011 Results August 25th , 2011 CONSISTENCY & GREAT VALUE
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of h
Slide 3: Business Strategy
Business Strategy Business Strategy Implementation Consolidation and fleet Took delivery of 2 Newbuilding LPG carriers (February & April) renewal Sold 4 LPG carriers in 2011 3 Newbuilding LPG carriers to be delivered Moderate Leverage Second Quarter 2011 net debt to capitalization: 44.8% Vis
Slide 4: Fleet Development
Fleet Development Newbuilding program of 3 LPG carriers delivering in 2011 and 2 delivering in 2012 Newbuilding program has committed financing Selective sale of older & smaller tonnage in 2010/11 3
Slide 5: Fleet Employment Profile
Fleet Employment Profile EARNINGS VisiBiLiTy PRT Pai 2012 222012 Q3 2012 Q4 2012 Jan ee ET a Jul Cea ae Navig8 Fidelity Gas Sincerity Gas Exelero Gas Astrid Gas Zael Gas Haralambos Gas Shuriken Gas Legacy Gas Evoluzione Alpine Endurance Gas Icon Gas Cerberus Gas Cathar Sir Ivor Lyne Gas Premiership
Slide 6: Second Quarter 2011 Financial Highlights
Second Quarter 2011 Financial Highlights Second Quarter 2011 Q2 Net Loss of $3.6 million, net revenues of $31.4 million, EBITDA of $5.3 million Q2 Net income of $3.4 million before net non cash loss of $0.3 million on interest rate swaps and foreign currency hedging arrangements, loss on sale of ves
Slide 7: Second Quarter 2011 Income Statement
Second Quarter 2011 Income Statement In US$ 000, except per share amounts Q2 2010 Q1 2011 Q2 2011 Net Revenues $26,870 $30,538 $31,366 Operating Income 6,056 6,413 1,177 (1) (2) Net Income / (Loss) 4,146 1,526 (3,623) Net Income, net of interest rate swap, stock based compensation, impairment loss,
Slide 8: Balance Sheet
Balance Sheet December 31, June 30, 2010 2011 Cash and cash equivalents incl. restricted cash 34,292,293 47,038,274 Current assets excl. cash 10,835,254 15,235,599 Advances for vessels under construction 37,273,199 23,018,181 Vessels, net 603,065,011 601,378,917 Other assets 2,910,642 3,375,706 Tota
Slide 9: Second Quarter 2011 Operating Highlights
Second Quarter 2011 Operating Highlights Fleet Data & Daily Results Fleet Data Q2 2010 Q1 2011 Q2 2011 Average number of vessels in fleet 37.6 38.4 38.7 Period end number of vessels in fleet 37 39 37 Total voyage days for fleet 3,361 3,363 3,496 Fleet utilization 98.3% 97.4% 99.2% Total charter days
Slide 10: Financial Estimator 2011 (Q3 +Q4)
Financial Estimator 2011 (Q3 +Q4) Contracted Revenues $42 million Non contracted Voyage days 1,750 Operating Expenses $8 million Q3 & Q4 Drydock Expenses $2.0 million (4 vessels) Interest & Swaps (cash portion) $6.8 million D&A $13.8 million Remaining Payments for Newbuildings $16 million (2011) $40
Slide 11: Charter Market Rate Indicator (12 Month TCs)
Charter Market Rate Indicator (12 Month TCs) Q2 2010 Average Q2 2011 Average Q3 2011 Forecast 3,200 CBM S/R 250,000 275,000 270,000 3,500 CBM P/R 223,000 242,000 260,000 5,000 CBM P/R 253,000 305,000 300,000 6,000 CBM S/R 460,000 450,000 450,000 15,000 CBM S/R 477,000 529,000 525,000 35,000 CBM 560,
Slide 12: TC equiv. spot earnings
3000-8000 cbm Fleet Development Vs. TC Rates/Earnings* 600 15% TC rates in USD 1000's per month (lines) 500 10% TC equiv. spot earnings Fleet growth in % (bars) 400 300 5% 200 0% 100 INGE STEENSLAND AS - -5% 2000 2001 2002 2003 2004 2007 2008 2009 2010 2011 2012 2005 2006 2013 Overall 3000-7999 flee
Slide 13: Despite a "stop" in new ordering, lots of ships will be delivered
Despite a “stop” in new ordering, lots of ships will be delivered But not in the LPG space * Source: DnB NOR Markets – Shipping Sector Outlook 2011 * Includes all LPG Carriers size categories 12
Slide 14: Contacts
Contacts Company Contact: Konstantinos Sistovaris Visit our Website at: Chief Financial Officer www.stealthgas.com StealthGas Inc. Weekly LPG Market Report 011-30-210-6250-001 updated every Monday E-mail: sistovaris@stealthgas.com www.stealthgas.com Comprehensive Investor Relations Information 18