Taylor Maritime Limited · LSE:TMI
Taylor Maritime — Q2 FY25 Earnings Presentation
11 slides from Taylor Maritime's earnings presentation, Oct 24, 2025
Slide 1: Q2 FY25 Trading Update
Q2 FY25 Trading Update 24 October 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: Second Quarter Review – Highlights
Strictly Private & Confidential Second Quarter Review – Highlights Four previously announced vessel sales have now completed generating gross proceeds of $87.6 million strengthening the Company’s cash position after all bank debt was prepaid in July Operating Performance Capital Allocation Portfolio
Slide 4: Second Quarter Review – Charter Market
Strictly Private & Confidential Second Quarter Review – Charter Market Following a soft first half of 2025, freight rates strengthened with the Baltic Supramax Index (BSI) and Baltic Handysize Index (BHSI) up 49% and 23%, respectively, quarter-on-quarter Handysize & Supra/Ultramax Spot Rates LTM Gea
Slide 5: Second Quarter Review – Portfolio Deployment for the Fleet
Strictly Private & Confidential Second Quarter Review – Portfolio Deployment for the Fleet Fleet Time Charter Equivalent (“TCE”) for the quarter averaged $13,006 per day Est. TCE per day* at quarter end ($) Forward Coverage – Financial Year 2025** Forward Coverage TCE Earnings: $14,026 per day 6% 6%
Slide 6: Net Debt Reduction & Closing the NAV Discount
Strictly Private & Confidential Net Debt Reduction & Closing the NAV Discount The vessel sales programme has enabled TML to fully repay all remaining bank debt during July 2025 resulting in a narrowing of the NAV discount and a positive net debt position in September 2025 NET DEBT (LHS) VS. P/NAV DI
Slide 7: Cash Breakeven Overview for Q2 FY2025
Strictly Private & Confidential Cash Breakeven Overview for Q2 FY2025 Fleet Breakeven Analysis for Q2 FY25 ($ per ship, per day) $20,000 $18,227 $18,000 $16,000 $15,514 $14,000 $2,713 $13,103 $12,000 $355 $937 $10,000 $700 $2,170 $8,000 $6,228 $6,000 $4,000 $2,000 $0 Opex G&A DD Reserves Net Interes
Slide 8: Outlook – Demand Fundamentals
Strictly Private & Confidential Outlook – Demand Fundamentals While sentiment has generally improved and market conditions have remained firm it is yet to be seen whether this can be sustained given revived trade tensions between the US and China 2025F Minor Bulk Volumes Year-on-Year Growth (million
Slide 9: Outlook – Supply Fundamentals
Strictly Private & Confidential Outlook – Supply Fundamentals 9.8% of the current Handysize fleet and 5.2% of the current Supra/Ultramax fleet are 25 years or older Commentary Geared dry bulk supply development (dwt m) ◼ Fleet growth forecasts reasonable by historical standards: net fleet growth for
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 return of capital options in line with our capital allocation policy ◼ Continue to streamline operations and r
Slide 11: Questions
Strictly Private & Confidential Questions Strictly Private and Confidential