Capital Clean Energy Carriers Corp. · NASDAQ:CCEC
Capital Clean Energy Carriers — Investor Presentation (April 2025)
21 slides from Capital Clean Energy Carriers's investor presentation, April 2025
Slide 1: Investor Presentation
Investor Presentation March-April 2025 www.capitalcleanenergycarriers.com
Slide 2: Important Notice
Important Notice This presentation contains forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looki
Slide 3: Capital Clean Energy Carriers
01 Capital Clean Energy Carriers www.capitalcleanenergycarriers.com
Slide 4: CCEC – Growth company expected to be largest US listed LNG & Gas vehicle
CCEC – Growth company expected to be largest US listed LNG & Gas vehicle1 Latest Strong earnings Robust balance Capital markets Track record technology fleet visibility backed sheet engagement in returning 18 LNG/Cs + 10 by $2.2bn financing fleet since 2007 capital to holders LPG/Cs by 2027 revenue
Slide 5: Latest Generation Vessels with Contracted Growth
Latest Generation Vessels with Contracted Growth On the water New Deliveries 2020 2021 2021 2021 2021 2021 2026 2026 2026 2026 2027 2027 LNG carriers All dual fuel 174k cbm 2023 2023 2024 2024 2024 2024 Capable of transporting LPG, 2026 2026 2027 2027 2027 2027 Mid Sized NH3 Gas carriers Multi gas c
Slide 6: Diversified Contracted Revenue
Diversified Contracted Revenue Contracted Revenue* Contracted Revenue Contribution* Contracted Revenue Backlog: $2.5 billion High Quality & Diversified Customer Base Million $2,000 $1,657.2 4% 14% $1,500 15% 14% $1,000 13% 10% $500 $435.2 $408.6 20% 6% 5% $0 2025 remaining 2026 2027+ ~7.0 years* ave
Slide 7: Significant Increase in Revenues and EBITDA on “Fully Delivered” Basis
Significant Increase in Revenues and EBITDA on “Fully Delivered” Basis Total Fleet: EBITDA1 (per year) Total Fleet: Adjusted Free Cash Flow1 (per year) ($ in millions) ($ in millions) $633.0 $182.2 Increase of Increase of 150% 289% $253.4 $46.8 2023 Fleet Pro Forma Fleet 2023 Fleet Pro Forma Fleet S
Slide 8: Charter Profile - LNG Fleet
Charter Profile* - LNG Fleet Contracted backlog of 68 years at an average daily rate of $88,407, or ~$2.2bn of revenue Backlog could increase to 103 years with all options exercised Jan-25 Jan-26 Jan-27 Jan-28 Jan-29 Jan-30 Firm With Options Attalos 2029 2034 Aristos I 2027 2032 Aristidis I 2028 203
Slide 9: LNG Fundamentals – structural growth
LNG Fundamentals – structural growth Upstream Midstream Downstream Gas Field Liquefaction LNG LNG Regasification, Distribution Production & Plant & Shipping Storage, & as Gas Pipeline Storage -260 F Distribution Gas must be chilled to -260F in a liquefaction facility (called a "train"), put in a shi
Slide 10: LNG Fundamentals – Gas & LNG growing within global energy mix
LNG Fundamentals – Gas & LNG growing within global energy mix Strong LNG Demand Growth Gas and LNG growing in global energy mix 40 BP (ct) 700 Central Scenarios Wood Mac 35 Shell 30 600 % of global energy mix 25 LNG Demand MTPA 500 Net Zero Scenarios IEA 20 BP net zero 15 400 10 300 5 200 0 2015 202
Slide 11: Short-term rates under pressure driven by supply issues not demand
Short-term rates under pressure driven by supply issues not demand 2- Stroke Term Charter Rate And NB Price Source: SSY Key factors Short term oversupply Absence of inter-basin arbitrage driving lower short-term of vessels opportunities and thus lower rates tonne-mile demand 10
Slide 12: Why have LNG spot rates been so low in 2024?
Why have LNG spot rates been so low in 2024? Liquefaction capacity coming online and delays in start up dates Source: Poten 60 Nameplate Capacity MTPA 50 40 30 20 10 0 2023 2024 2025 2026 2027 2028 2029 2030 Initial start up Current start up Cumulative Annual New liquefaction capacity coming online
Slide 13: Majority of LNG/C Orderbook already committed to long term contracts
Majority of LNG/C Orderbook already committed to long term contracts Only 18 out of 317 (5.6%) of LNG/C deliveries are open – CCEC has 6 of these slots 3 1 2 2 1 1 2 1 1 2 2 24 24 22 22 22 21 20 18 18 17 16 15 13 11 9 6 4 4 3 3 2 2 2 1 Q125 Q225 Q325 Q425 Q126 Q226 Q326 Q426 Q127 Q227 Q327 Q427 Q128
Slide 14: Trump 2.0 – Five potential LNG & Shipping market impacts
Trump 2.0 – Five potential LNG & Shipping market impacts LNG release LNG Future Potential Tariffs Ukraine peace release Bi-lateral LNG deal deals with US Trump 2.0 will USA underpins China retaliation on Multiple outcomes release ~ 90MTPA 220MTA of LNG Cold lay up LNG with 15% tariff possible LNG pr
Slide 15: What does this mean for LNG shipping?
What does this mean for LNG shipping? Cyclical disconnect between LNG vessel and LNG supply peaks 2026-27 before structural growth Market slightly long LNG Vessels until 2027, however balancing from early 2028 and significantly short 591 605 onwards 518 Special Survey for 2025 ~ 27 170 MTPA 20 & 25
Slide 16: What does this mean for LNG shipping? LNG Production
What does this mean for LNG shipping? 70% increase in Global Liquefaction Capacity expected by 2030 (projects under construction only) LNG production growth >350MTPA by 2030 400 700 605 591 350 600 518 170 MTPA 300 = Number of ships required 500 255 LNG/C LNG Production MTPA Required* 250 400 200 29
Slide 17: CCEC Dual Fuel LPG/MGC & Liquid CO2 Fleet
CCEC Dual Fuel LPG/ MGC & Liquid CO2 Fleet Contracted backlog of 76 years at an average daily rate of $88,500, or ca. $2.4bn of revenue High specification, dual fuel could Backlog LPG increase & LCO2to vessels, 111 yearswith increased with all capacity for reduced freight cost options exercised LCO2
Slide 18: Where CCEC sits within wider Energy Transportation & Transition spectrum
Where CCEC sits withing wider Energy Transportation & Transition spectrum Biomass / DAC* emissions E-Fuels Combustion / (Methanol, Electrolysis / Co-firing / Renewables SAF, Diesel Synthesis District Heating etc.) E-Methane E-Ammonia Natural Gas Steam Methane Combustion / Reformation / Synthesis Co-
Slide 19: Capital Clean Energy Carriers – Largest Gas Carrier Fleet by 2027
Capital Clean Energy Carriers – Largest Gas Carrier Fleet by 2027 ✓ Expected to become largest & youngest fleet1 of 1.4 Years 31 Vessels Avg. Fleet Age2 Fleet Size2 energy transition vessels Significant blue chip charter coverage = cashflow ✓ stability 6x LNG Carriers Considerable go-forward growth
Slide 20: Thank You for your attention
Thank You for your attention www.capitalcleanenergycarriers.com
Slide 21: Appendix
Appendix ▪ Annual Debt Amortization: $142.4 million. Estimated amount of the average annual amortization for each vessel basis $2.7 billion debt (“Vessel Debt”) ▪ Interest Rate: Average margin of 1.97% over the 5-year SOFR rate ▪ Interest Expense: Interest Rate multiplied by the average of Vessel De
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