Slide 1: Q4 & 12M 2021 Financial and Operating Results
SteatlhGas Inc. | Q4 & 12 M 2021 Financial and Operating Results | March 8, 2022
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 dee
Slide 3: StealthGas Key Highlights
1| Highlights| SteatlhGas Key Highlights |Fleet & Operations • Fleet utilization of 98.3%, with 62 days of technical off-hire, mainly as a result of the full completion of two drydockings in Q4 21’. • Operational utilization of 96%; an improved performance compared to the third quarter of 2021, main
Slide 4: Fleet Employment Analytics (As of March 2022)
1| Highlights| Fleet Employment Analytics (As of March 2022) EARNINGS VISIBILITY Q1 2022 Q2 2022 Q3 2022 Q4 20220 Vessel Charter End Date Mar Apr May Jun Jul Aug Sep Oct Nov Dec Name Type Rate 1 Eco Elysium TC June 2024 2 Gas Alice TC Aug 2023 3 Eco Dominator TC Mar 2023 • 9 new period charters and
Slide 5: Summary of our Two JVs
1| Highlights| Summary of our Two JVs Small LPG JV Structure- 1 • Currently, all of our vessels, except for the Gas Defiance, are on time charter contracts. EARNINGS VISIBILITY Q1 2022 Q2 2022 Q3 2022 Q4 2022 Vessel Charter End Date Mar Apr May Jun Jul Aug Sep Oct Nov Dec • Since our last announceme
Slide 6: LPG Fleet Trading Profile
France Rest 6% Norway 21% 6% 1| Highlights| LPG Fleet Trading Profile Portugal EU-17 vessels 28% Spain 22% • SteatlhGas focuses on regional trade and local distribution UK 17% of gas. • Our Fleet trading pattern is geographically diversified and is continuously adjusted to market needs. • Our LPG fl
Slide 7: Income Statement Q4 20 vs Q4 21
2| Financials| Income Statement Q4 20 vs Q4 21 Comparing Q4 2020 to Q4 2021 Income Statement Q4 Q4 12M 12M (Amounts in USD'000s) 2020 2021 2020 2021 - Revenues came in at $36.1 million in Q4 21’ marking a decrease of $1.2 million (3.5%) Voyage revenues 37,294 36,053 145,003 150,205 compared to the s
Slide 8: Performance Highlights & Analysis
2|Financials |Performance Highlights & Analysis Looking at the 2021 quarterly performance exclusively for the LPGs currently in our fleet (JV LPG vessels excluded): |TCE Revenues ($ mm.) & Daily Bunker - TCE Revenues remained fairly stable across the quarters, regardless of higher time charter activ
Slide 9: Balance Sheet 12M 2021
2|Financials | Balance Sheet 12M 2021 Balance Sheet (Amounts in #039;000s) 12M 2020 12M 2021 Assets Cash & cash equivalents 38,242 32,069 • Liquidity on GASS balance sheet, including restricted cash, is $45.7 Current assets excl. cash 9,811 19,638 million. Advances for vessels 6,539 Vessel, net 832,335
Slide 10: Debt Analysis & Capital Structure Following The Spin-Off
2|Financials |Debt Analysis & Capital Structure Following The Spin-Off - Since the beginning of 2021 and up until February 2022, we concluded the refinancing of twenty vessels, thus succeeding in: - Reshaping our loan portfolio’s duration and deferring balloon payments. First Balloon Payment due in
Slide 11: LPG Sector Highlights & Trends
3|Market update| LPG Sector Highlights & Trends • LPG production is expected to increase on the back of (1) US shale rising production and (2) increased exports from the Middle East as OPEC continues to unwind production cuts. • China will continue to be the demand driver in Asia due to several PDH
Slide 12: LPG Sector Highlights & Trends
3|Market update| LPG Sector Highlights & Trends • During Q4 21’ rates improved across all small LPG sub segments. Focusing on LPG trade: • West of Suez: - All throughout 2021, the spot market remained tight, particularly during the |Small LPG Daily Charter Rates Evolution ($) winter period. During t
Slide 13: Share Performance of GASS
4|Share Performance of GASS 120% Crude Oil StealthGas Inc. Dorian Lpg Ltd Navigator Holdings Ltd. 100% 80% 60% 40% 20% 0% -20% -40% 1/1/2021 2/1/2021 3/1/2021 4/1/2021 5/1/2021 6/1/2021 7/1/2021 8/1/2021 9/1/2021 10/1/2021 11/1/2021 12/1/2021 1/1/2022 2/1/2022 • Since the beginning of 2022 we notice
Slide 14: Outlook | Forecast | Considerations Going Forward
5|Outlook|Forecast|Considerations Going Forward • Given the turbulent and uncertain market, it is quite difficult to predict revenue and profitability. • Below are the key variables that will affect our performance going forward. |GASS Financial & Market Forecast Considerations ❖ Time charter rates