Stealthgas, Inc. · NASDAQ:GASS

Stealthgas — Q2 2010 Earnings Presentation

19 slides from Stealthgas's earnings presentation, Aug 23, 2010

  1. Slide 1: Second Quarter and Six Months 2010 Results

    SeealthGasrinc. 2°¢ Quartemem@oix Momens 2010 Results mugust 237 2010 CONSISTENCY & GREAT VALUE

  2. Slide 2: ! " ! # " ! # " ! # " ! # "

    ! " ! # " ! # " ! # " ! # " ! # ! $ % & ' $ ! $ % ! $ %

  3. Slide 3: B ( )*$ (++,! - (+.+ / )*$ (+.. . (+.( / $ (+.+

    B ( )*$ (++,! - (+.+ / 0 )*$ (+.. . (+.( / $ 1 2 (+.+ 3 (+.+ 4 5067 897 :(+.+ 6-7 :(+.. ; #039; 3((+.+ <=! 96- ! 3.(+.+ <=! ,9, <=! 9-= 3((++, 1 ..- > ((+ ? / @ ! " A > B <-! ,8( 3((+.+ 4 <-! -(6 3.(+.+ # <-! --8 3((++, !# > <.-C $ (6 (+.+ .( $ !% &

  4. Slide 4: A 3. (+.. / 0( (+..!06 (+.( D (++,E .+ '

    A 3. (+.. / 0( (+..!06 (+.( D (++,E .+ '

  5. Slide 5: Fleet Employment Profile

    Fleet Employment Profile EARNINGS VISIBILITY 2010 2011 242010 Le vesse! Aug | Sep Oct] Nov Jan Feb] Mar] Apr | May J dun Jul] Aug | sep Oct Nov Spike Navig8 Faith Navig8 Fidelity Gas Haralambos Chiltern Alpine Endurance Gas Cathar Gas Premiership Catterick Gas Pasha Gas Legacy Gas Sincerity Gas Kalo

  6. Slide 6: (+.+ ? ! * &+ + 3(A > <0. ! <(8, !'B> <.(( 3(A

    3 (+.+ ? ! * &+ + 3(A > <0. ! <(8, !'B> <.(( 3(A <(, <.( <+ +- ') <+ ., F ') <+ .6 G (.9 <-+ + $ 5 4 067 )

  7. Slide 7: (+.+ > - .+++/ 0! % &*+1 '*+1 (*+1 * + &* + A

    3 (+.+ > - .+++/ 0! % &*+1 '*+1 (*+1 * + &* + A & <(=! +== <(9! 690 <(9! 69. <(9! =-= <(8! 9=+ F .G F 6G 1 > -! 86( 8! ==( F (+! 906G 8! 8.. 8! +-8 F .G A > 8! 0,. .-, F(GF =! (=! .-.G .! 8.0 F 6G 0! .08 A > ! ! ! 6! 06+ (! =,6 (! (=+ 6! (=0 (! 99- ! F .G 'B> .0! 8+. --8 F(GF .8! .=! 80-G ,! ,.9 F 6

  8. Slide 8: (+.+ ? D & 4+5 4+1 &*+1 '*+1 (*+1 * + &* + 0(+

    3 (+.+ 1 ? D & 3 4+5 4+1 &*+1 '*+1 (*+1 * + &* + 698 0(+ 0.8 0(, 0(9 0.+ 6=8 ) 0+ 0( 0( 06 0( 0+ 6= .0! ..6 .-! 66- 6! =99 6! ,00 6! ,60 6! 8,+ 6! 0.9 .0! +.9 .-! (0+ 6! =8- 6! ,.9 6! 9,9 6! 8.- 6! 68. 4 ,,67 ,,07 ,,07 ,,67 ,,.7 ,9+7 ,967 .6! 6.9 .(! (=8 6! +(( 6! .-- (! ,0. (! =8+ (! 0-0 =++ (! ,80

  9. Slide 9: C (+.+ ? % &+ + A > <-9 ! <--8 ! 'B> <((.

    C (+.+ ? 0 % &+ + A > <-9 ! <--8 ! 'B> <((. A <8( <+ 6 <+ . ') <+ (8 F ') <+ (9 G ((+ / J 5

  10. Slide 10: C (+.+ > % % - .+++/ 0! % &++1 &+ + A &

    C (+.+ > 0 % 0 % - .+++/ 0! % &++1 &+ + A & <-8! (9( <--! 8(= 1 > .-! 6-= .(! 88= A > 8! 89+ -! =8+ A > ! ! .+! +(+ 8! .-, 'B> (6! ((+ ((! .0+ ') + 6+ + (8 ') ! ! + 0- + (9 A ! ((! (.+! 0,0 ((! +.9! 06= 1

  11. Slide 11: B 3((+.+ 3.(+.+ $ A > B $ F < G 3.(+.+ 56! 8,+

    B 3((+.+ 3.(+.+ $ A > B $ F < G 3.(+.+ 56! 8,+ 3((+.+ 56! 0.9 * &+ + *& &+ + 0 % 9 ! % 9 ! 1 09+F.G <(! 09+ F.G <(! =.-F.G <(! =.-F.G <(! C !* D -6+ -6+ 8++ 8++ C !* D ! -06 -06 -98 -98 C F E G (0- (0- (0- (0- > 090 090 -6( -6( & 4 08, 08, 0., 0., ) (! +++ + (! .96 + D 4 + .! =90 + .! 9=. : ,/ &+5 )

  12. Slide 12: ' '5 F < G ' ; &;&+ + &+ + A $ I

    ' '5 F < G ' ; &;&+ + &+ + A $ I (! .,= $ & 0! (-+ K & K ) $ & FE $ B G <,89 : < 1 ' 09. *D C 9+ $ 6( C $ ' (= : 0 ,&= + :36 < D (89 A > .60

  13. Slide 13: LPGC Freight Rates

    LPGC Freight Rates Average earnings in the spot market excluding waiting time / 1 yr TC rates 800 | INGE STEENSLAND AS 700 —15000SR TCE < 600 —8000 ETH TCE 5 e 9500 —6500SR TCE © 2 400 —=3500SR lyr TC } S 300 —3500PR lyr TC a east 5 200 100 - 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Inge

  14. Slide 14: .: amp; I (+++ / $A )* ! > # !% ! &++1 >

    .: amp; I (+++ / $A )* 3 ! > # !% ! &++1 > : # 3 #> / $ 0/? 0/ ? @ : # > / @ 0/ 6 0 '

  15. Slide 15: C F .( C

    $ C & > F .(C $G 3((+.+ $ 36(+.+ 6! (++$BC E & (-+! +++ (-+! +++ (-+! +++ 6! -++$BC )E & ((6! +++ (6+! +++ (6+! +++ -! +++$BC )E & (-6! +++ (8-! +++ (8-! +++ 8! +++$BC E & 08+! +++ 0-+! +++ 0-+! +++ .-! +++$BC E & 0==! +++ -++! +++ -++! +++ 6-! +++$BC -8+! +++ --+! +++ 8++! +++ 8+! +++$BC 0,+! +++ 8

  16. Slide 16: 6+++=,,, I amp; E ' H % #! % ! ! " #$ &'!()

    6+++=,,, I amp; E ' H % #! % ! ! " #$ &'!() ! *( +,--- . / +,--- . 0$ 0$ 0$ • $ / • $ 5> )

  17. Slide 17: $ %&' ( & B A1& C @ (+.+

    " # ! % $A ! B ! " # $ %&' ( & 5 B A1& C @ 1 (+.+ H> )*$ 4 ,

  18. Slide 18: "I > H > H

    "I #$ $; 9 96 $;96 * > "* # <.(,( +69 ,( > H " L# <.0+9 +9, =9. > H " &: # <=9+ +-= -(- A H "A # <.9-, .-( (860 $ H " M# <.-.+ +=( ,,+ $ ) ) HH "$) )# <-0- .-8 .-( H 5$ D 4 D$ ! ., !(+.+ HH 51 D$ > ! .9 !(+.+ 2

  19. Slide 19: $ !> I M $ * > M )*C & +..6+(.+8(-+++. C ' N

    $ !> 2 I M 5 $ 1 * > M )*C & +..6+(.+8(-+++. C ' 5 N $ > & > 5

StealthGas — Q2 2010 Earnings Presentation on 6ix