Slide 1: StealthGas Inc. Q3 2024 Financial and Operating Results
StealthGas Inc. | Q3 2024 Financial and Operating Results | November 25, 2024
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
| StealthGas Key Highlights |Financial • Revenues of $40.4 million in Q3 ‘24 compared to $34.7 million in Q3 ‘23 ( +17%) and $41.8 million in Q2 ‘24 (-3%) • Adjusted Net Income of $14.2 million in Q3 ‘24 compared to $12.0 million in Q3 ‘23 (+18%) • All time record adjusted nine-month profit ($61 mil
Slide 4: Fleet Employment Analytics (As of Nov 2024)
| Fleet Employment Analytics (As of Nov 2024) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Vessel Charter End Date Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Name Type 1 Eco Oracle TC Jan 2028 2 Eco Ice TC Sep 2027 3 Gas Alice TC Jul 2027 Eco Freeze TC May 2027 • 5 new period charters and charter extensions con
Slide 5: LPG Fleet Trading Profile
| LPG Fleet Trading Profile Netherlands Rest France EU-Med-19 vessels Poland Portugal Denmark Spain • Our LPG fleet trading profile is a snapshot of our vessels as of November 15th, 2024. • StealthGas focuses on regional trade and local distribution of gas. Our larger vessels mostly do intercontinen
Slide 6: Summary of our Two Joint Ventures
| Summary of our Two Joint Ventures $30.9 million Book value of our investment in JV’s as of September 30th. • MGC- Eco Ethereal, sold and delivered in Q2 ‘24. Stealthgas received $24 million cash distribution from that JV in Q2 ‘24. Q4 2024 Q1 2025 Q2 2025 • In Q4’ 24 the debt on the Gas Defiance a
Slide 7: Financials | Income Statement
| Financials| Income Statement Income Statement Q3 Q3 (Amounts in USD'000s) 9M 2023 9M 2024 2023 2024 • Net Revenues (+16%Q, +16% 9M) increased in spite of the decrease Voyage revenues 34,654 40,445 109,389 123,795 in calendar days as a result of higher charter rates and the addition of Voyage costs
Slide 8: Financials | Balance Sheet
|Financials | Balance Sheet Balance Sheet (Amounts in #039;000s) Q4 2023 Q3 2024 Assets Cash & cash equivalents (incl restricted) 83,756 77,360 • Strong Liquidity on GASS balance sheet, including restricted cash and short Vessel held for sale 34,880 0 term investments of $77.4 million. Current assets e
Slide 9: Financials | Debt Analysis & Capital Structure
|Financials |Debt Analysis & Capital Structure - Major deleverage is part of the strategy, for the first time debt is below $100 million. - During 2023 debt was reduced by c.$154 million with significant savings in interest expenses. - During the first nine months of 2024 added $70.0 million debt wi
Slide 10: Market update | LPG Sector Highlights & Trends
|Market update| LPG Sector Highlights & Trends • Steady growth in Global LPG exports continues (+4.3% FY2023) (+5.5% 9M 2024). |Global LPG Exports & Asian Imports • US exports continue to trend higher +12% y-o-y in 9M 2024. Terminal expansion projects under way to increase export capacity. • Lacklus
Slide 11: Market update | LPG Sector Highlights & Trends
|Market update| LPG Sector Highlights & Trends • Q3-Summer months usually rates are weaker and they strengthen as winter approaches. |LPG Orderbook Small Pressurized: Continued two tier market… • Pressurized orderbook- remains limited with 27 vessels to be delivered • West of Suez: - Reasonably acti
Slide 12: Closing Remarks | Considerations Going Forward
|Closing Remarks|Considerations Going Forward • Below are some of the key variables that will affect our performance going forward. ❖ Significant operating leverage- due to our sizeable fleet. ❖ Reduced exposure to spot market, high earnings visibility. ❖ Healthy capital structure with low debt and