Imperial Petroleum Inc. · NASDAQ:IMPP
Imperial Petroleum — Q4 2024 Earnings Presentation
11 slides from Imperial Petroleum's earnings presentation, Feb 14, 2025
Slide 1: Q4 & 12M 2024 Financial & Operating Results
Q4 & 12M 2024 Financial & Operating Results February 13, 2025
Slide 2: Disclaimer
Disclaimer 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 historical fact may be deeme
Slide 3: Key Highlights
Key Highlights Operations & Growth ❑ Fleet operational utilization of 86% for Q4 24’ versus 68.5% in Q4 23’. ❑ Almost 180% increase in Q4 24’ time charter coverage compared to Q4 23’ as two of our product tankers were under TC employment for the whole period. ❑ For the 12M 24’ period our operational
Slide 4: Fleet Employment Status
Fleet Employment Status ❑ Our time charter coverage for the remainder of 2025 is about 23%. ❑ As customarily our three handysize drybulk vessels are employed on short TCs, while three of our MR tankers are under time charters up until May 2025, January 2026 and August 2027. End Date 2025 Q1 2026 Q2
Slide 5: Tanker Market- Outlook for 2025
Tanker Market- Outlook for 2025 In 2025 ❑ Οil demand will be backed by emerging economies and the expected recovery of China’s economy. ❑ Oil supply will be fueled mostly by non – OPEC+ output increase. 0.80% 0.70% Quarterly changes in Chinese oil demand 2025 Non OPEC+ oil supply growth (mbd) 0.90 0
Slide 6: Tanker Market- Outlook for 2025
Tanker Market- Outlook for 2025 ❑ Geopolitical tensions have created complex and dynamic trade patterns. ❑ An unwinding of trade disruptions might alter current trade- thus affecting rates and tonne mile distances. Crude oil trade Clean products trade ❑ Sanctions on the dark fleet imposed within Jan
Slide 7: Tanker Market-Fleet Fundamentals
Tanker Market-Fleet Fundamentals ❑ Tanker supply outlook remains favorable for both suezmax and MR tankers. ❑ Aging fleet lessens the impact of current orderbook. MR tankers fleet fundamentals Suezmax tanker fleet fundamentals 14.7% 15.9% 20.5% 23.0% Orderbook to fleet Ratio Fleet % above 20 years o
Slide 8: Financial Results Q4 24' & 12M 24'
Financial Results Q4 24’ & 12M 24’ Income Statement Q4 Q4 12M 12M (Amounts in USD'000s) 2023 2024 2023 2024 Q4 24’ Vs Q4 23’ Voyage revenues 29,882 26,212 183,726 147,480 ❑ Revenues of $26.2 million down 12.4% due to lower market rates Voyage costs (13,819) (8,460) (62,531) (52,025) especially for s
Slide 9: Financial Results Q4 24' & 12M 24'
Financial Results Q4 24’ & 12M 24’ Balance Sheet (Amounts in $'000s) 12M 2023 12M 2024 ❑ Free cash (incl. time deposits) as of December 31, 2024 of c. $207 million. Assets Cash & cash equivalents 91,928 79,784 ❑ 12M 23’ 12M 24’: Time deposits 32,100 126,949 Receivables from related party 37,907 Othe
Slide 10: Financial Snapshot
Financial Snapshot Liquidity and Gearing Profitability, Growth and Values Considerations Going Forward c.$207 million of cash c. $26,300 TCE for 12M How will geopolitical as of December 31, 24’ per fleet voyage day pressures unravel? 2024 c.$78 million of c. $9,000 Will the US trade war operating ca
Slide 11: Investment Highlights
Investment Highlights 1 Own a high-quality fleet of crude oil, product tankers and dry bulk carriers 2 Giving value back to shareholders through timely share buybacks and warrant repurchases 3 Active employment of vessels based on charter market developments Debt free company with ample liquidity an