Ultrapetrol (bahamas) Limited · OTC:ULTRF

Ultrapetrol (bahamas) — Q3 2013 Earnings Presentation

25 slides from Ultrapetrol (bahamas)'s earnings presentation, Nov 14, 2013

  1. Slide 1: Ultrapetrol (Bahamas) Ltd. Third Quarter 2013 Earnings Call Presentation

  2. Slide 2: Forward Looking Statements & EBITDA Disclosure

    Forward Looking Statements & EBITDA Disclosure Our disclosure and analysis in this presentation concerning our operations, cash flows and financial position, including, in particular, the likelihood of our success in developing and expanding our business, include forward-looking statements. Statemen

  3. Slide 3: 3Q 2013 & Subsequent Events Highlights

    Ultrapetrol 3Q 2013 & Subsequent Events Highlights Nine Months ended Nine Months ended % sans 3012 % (8000's) September 30,2013 __September 30,2012 _Change. Change Revenues $312,262 $226,829 38% $112,886 «$82,794 36% Adjusted EBITDA"? $82,102 $25,883 217% $30,211 $9,072 233% Net income (loss) as rep

  4. Slide 4: 3Q 2013 Adjusted EBITDA vs. 3Q 2012

    Ultrapetrol 3Q 2013 Adjusted EBITDA vs. 3Q 2012 Adjusted EBITDA per segment ($000's) 3013 3Q12 Difference _% Change River Business 11,421 273) 11,694 Offshore Supply Business. 12,651 6,252 6399 102% Ocean Business. 659 3.816 @.157) 83% Total Segment Adjusted EBITDA S243 S795 S14 936 162% Items not i

  5. Slide 5: Ultrapetrol (Bahamas) Limited

    !/ = ULTRAPETROL 97 Bahamas) Limited

  6. Slide 6: River Business 3Q 2013 vs. 3Q 2012

    River Business 3Q 2013 vs. 3Q 2012 FINANCIAL HIGHLIGHTS RIVER Nine months ended Ninemonths ended % s045 san % (8000's) September 30, 2013 September 30, 2012 Change Change Net Tons Transported 3,408,986 2,711,693 26% 1,225,655 937,649 31% Revenues 191,247 115,000 66% 68,716 43,872 87% Voyage and Manu

  7. Slide 7: River Business: Prospects for 2014 - Soybean and River Levels

    River Business Prospects for 2014 — Soybean and River Levels Paraguay Seeded Area & Production (") 10.0 94 Seeded Area USDA ‘Production Estimate for 2014 crop 2003 ©2004.» -2005 2006 «= 2007» 2008 «| 2009S 2010 2011-2012 2013 2014) Monthy Soybean Prices "3 5 {in ton) ——2012 ——2013 ——10-year median ‘

  8. Slide 8: Punta Alvear Yard - Barge Manufacturing

    River Business Punta Alvear Yard - Barge Manufacturing = Third Party Barge Sales EBITDA. (Sin millions) $20.7 The Company's barge building facility at Punta Alvear, Rosario, Argentina is the most modern of its kind in South America = Allows the Company to expand the capacity of its own barge fleet a

  9. Slide 9: Offshore Supply

    !/ p= ULTRAPETROL (Bahamas) Limited Offshore Supply

  10. Slide 10: Offshore Supply Business 3Q 2013 vs. 3Q 2012

    Offshore Supply Business 3Q 2013 vs. 3Q 2012 FINANCIAL HIGHLIGHTS OFFSHORE SUPPLY Nine months ended Nine months ended % Yo. ($000's) September 30, 2013 _ September 30, 2012_ Change callie 3012 Change Revenues 67,610 54,160 25% 25,163 18,990 33% Voyage Expenses 2881) 459) -17% (950) (1.413) 3386 Runn

  11. Slide 11: Offshore Supply Business

    Offshore Supply Business MMC 887 PSV 3 a 3} £ =) a 2 8 3 ® © & ) = 5) Fa 8 a g = a

  12. Slide 12: Contractual Employment at Increasing Charter Rates

    Offshore Supply Business Contractual Employment at Increasing Charter Rates ‘Old Contract New Conti [ik Contract wan ess than one year Ti tong term contract On-theWaterFleet_ Rate Expiration UP Pearl Ol Fane Of vr esmeraiaa $ 26,200 Juk13 UP Topazio $ 28,000 Jun-t3 e UP Diamante $ 28,000 May-13 UP A

  13. Slide 13: Ocean Business

    ii ® ULTRAPETROL Ji (Bahamas) Limited

  14. Slide 14: Ocean Business 3Q 2013 vs. 3Q 2012

    Ocean Business 3Q 2013 vs. 3Q 2012 FINANCIAL HIGHLIGHTS OCEAN Nine months ended Nine months ended ($000's) September 30, 2013 September 30, 2012” Change sas S002 change Revenues $53,405 $57,668 Th $18,707 $19,932 6% Voyage Expenses (17,975) (20,866) 14% (6,173) (6,259) 1% Running Costs (28.155) (26.

  15. Slide 15: Product Tankers & Feeder Container Trade Evolution

    Ocean Business Product Tankers & Feeder Container Trade Evolution Product Tankers * Our Product Tankers remain employed on medium term charters at levels substantially above those prevailing in the international (non cabotage) markets, with positive Gross Profit Contribution = We have recently exten

  16. Slide 16: Quarter-on-quarter Selected Statement of Operation Data

    Ultrapetrol Quarter-on-quarter Selected Statement of Operation Data Tine months ended Tine months ended ($0005) September 30, 2013 September 30, 2012_“* Change 2018 a Revenues ‘tutabe to River Business $191,247 $118,000 65% sea716 $4372 ‘ttitabe to Ofsnore Supply Business 7610 4160-25, 25.163 18900

  17. Slide 17: Quarter-on-quarter Income Statement

    Ultrapetrol Quarter-on-quarter Income Statement Nine months ended Nine months ended (s000's) ‘September 30, 2013 September 20, 2012 soe eG Revenues $312,262 $226,829 $112,586 $82,704 Voyage Expenses (117.310) (67.132) (41,896) (80.627) Running Costs (104,993) (93,913) (37.373) (35,426) Depreciation

  18. Slide 18: Balance Sheet

    Ultrapetrol Balance Sheet At September 30, At December 31, % ($000's) 2013 (Unaudited) 2012 Change ASSETS Cash & Cash Equivalents $123,142 $222,215 45% Accounts Receivables 52,902 36,487 45% Other Current Assets 63,805, 48.288 32% Vessels and Equipment, Net 635,014 647.519 Non-current Other Receivab

  19. Slide 19: Debt Repayment Schedule

    Ultrapetrol Debt Repayment Schedule * On October 11, 2013, we drew down $20.6 million in respect of Tranches A & B of the Loan Agreement with DVB NIBC. and ABN Amro after having satisfied all conditions precedent in connection with the UP Pearl drawdown against delivery. Of the proceeds from this dr

  20. Slide 20: Thank You - Q&A

    Thank You Q&A Wr 20

  21. Slide 21: Accumulated Cash Flow and EBITDA reconciliation

    Appendix Accumulated Cash Flow and EBITDA reconciliation Nine months ended (5000's) Sep-13__Sep-12 Total cash flows provided by operating activities 19,168 2485 Total cash flows (used in) investing activities (14,828) (32,543) Total cash flows (used in) from financing activities (03.412)__10,832 Tot

  22. Slide 22: 3Q 2013 Operating Profit to Adjusted Consolidated EBITDA

    Appendix (cont’d) 3Q 2013 Operating Profit to Adjusted Consolidated EBITDA Third quarter ended September 30, 2013 (8000's) River___Offshore Supply _Qcean__TOTAL ‘Segment operating (loss) profit $5,453 $9,663 ($1,087) $14,029 Depreciation and amortization 5,953, 2,995 4,705 10,653 Investment in affil

  23. Slide 23: 3Q 2012 Operating Profit to Adjusted Consolidated EBITDA

    Appendix (cont’d) 3Q 2012 Operating Profit to Adjusted Consolidated EBITDA Third quarter ended September 30, 2012 (8000's) River___Offshore Supply _Ocean TOTAL ‘Segment operating (loss) profit ($6,232) $3,629 $949 ($1,654) Depreciation and amortization 5,490 2,816 2912 11.218 Investment in affilates

  24. Slide 24: 9m 2013 Operating Profit to Adjusted Consolidated EBITDA

    Appendix (cont’d) 9m 2013 Operating Profit to Adjusted Consolidated EBITDA Nine months ended September 30, 2013 ($000's) River___Offshore Supply _Ocean_ TOTAL ‘Segment operating (loss) profit $16,117 $21,299 ($4,184) $33,232 Depreciation and amortization 17,680 8,390 5,108 31,176 in affliates / Net

  25. Slide 25: 9m 2012 Operating Profit to Adjusted Consolidated EBITDA

    Appendix (cont’d) 9m 2012 Operating Profit to Adjusted Consolidated EBITDA Nine months ended September 20, 2012 ($000's) River Offshore Supply _Ocean_ TOTAL ‘Segment operating (loss) profit ($11,389) $12,153 63.113) ($2,349) Depreciation and amortization 16,266 8,049 7,954 32,269 in affiliates / Net

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