Taylor Maritime Limited · LSE:TMI
Taylor Maritime — Q1 FY25 Earnings Presentation
11 slides from Taylor Maritime's earnings presentation, Jul 25, 2025
Slide 1: Q1 FY25 Trading Update
Q1 FY25 Trading Update 25 July 2025 Strictly Private and Confidential
Slide 2: Disclaimer
Strictly Private & Confidential Disclaimer Important disclosures - NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES (SAVE AS PROVIDED HEREIN), AUSTRALIA, SOUTH AFRICA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLA
Slide 3: First Quarter Review – Highlights
Strictly Private & Confidential First Quarter Review – Highlights Bank debt now fully repaid, 10 new vessel sales for total gross proceeds of $176.3 million completing the Company’s vessel sale programme Operating Performance Capital Allocation Portfolio • Charter revenue for the period was $37.3 mi
Slide 4: First Quarter Review – Charter Market
Strictly Private & Confidential First Quarter Review – Charter Market US-China agreement in May to pause tariffs for an initial 90-day period led to an improvement in sentiment and market conditions remained relatively stable through the period, however, risks remain Handysize & Supra/Ultramax Spot
Slide 5: First Quarter Review – Portfolio Deployment for the Fleet
Strictly Private & Confidential First Quarter Review – Portfolio Deployment for the Fleet Fleet Time Charter Equivalent (“TCE”) for the quarter averaged $11,284 per day Est. TCE per day* at quarter end ($) Forward Coverage – Financial Year 2025** Forward Coverage TCE Earnings: $12,915 per day 12% 40
Slide 6: Debt Reduction Progress & Vessel Sales Proceeds
Strictly Private & Confidential Debt Reduction Progress & Vessel Sales Proceeds The vessel sales programme has enabled TML to fully repay all remaining bank debt during July 2025 resulting in a December 2025 debt balance of c.$41m comprised of leases and a purchase option TML DEBT REDUCTION PROGRESS
Slide 7: Cash Breakeven Overview for Q1 FY2025
Strictly Private & Confidential Cash Breakeven Overview for Q1 FY2025 Fleet Breakeven Analysis for Q1 FY25 ($ per ship, per day) $16,000 $2,402 $14,711 $14,000 $467 $12,000 $561 $1,265 $2,414 $10,000 $8,000 $7,602 $6,000 $4,000 $2,000 $0 Opex* G&A Interest expenses DD Reserves Debt repayment Dividen
Slide 8: Outlook – Demand Fundamentals
Strictly Private & Confidential Outlook – Demand Fundamentals Ongoing macroeconomic and geopolitical uncertainty leading to a more subdued demand outlook in the short-term although shifting trade patterns could negate impact of tariffs Commentary Grain and minor bulk trade development (billion tonne
Slide 9: Outlook – Supply Fundamentals
Strictly Private & Confidential Outlook – Supply Fundamentals 9.7% of the current Handysize fleet and 5.3% of the current Supra/Ultramax fleet are 25 years or older Geared dry bulk supply development (dwt m) Handysize and Supra/Ultramax Newbuild, Resale and Secondhand Prices 61-64.5k dwt Ultra NB 38
Slide 10: Strategic Priorities
Strictly Private & Confidential Strategic Priorities TML maintains strong conviction in the medium-term investment opportunity set SHORT-TERM FOCUS: ◼ Maintaining dividend while considering additional dividends to shareholders in line with our capital allocation policy ◼ Continue to streamline opera
Slide 11: Questions
Strictly Private & Confidential Questions Strictly Private and Confidential