Globus Maritime Limited · NASDAQ:GLBS
Globus Maritime — Q3 2013 Earnings Presentation
19 slides from Globus Maritime's earnings presentation, Nov 21, 2013
Slide 1: 3rd Quarter 2013 Results
3nd Quarter 2013 Results Company Presentation 21st Nov 2013
Slide 2: Disclaimer – Forward Looking Statement
Disclaimer – Forward Looking Statement This presentation (and oral statements made regarding the subjects of this presentation) includes statements that are, or may be deemed to be, “forward-looking statements” as defined under U.S. federal securities laws. These forward-looking statements reflect t
Slide 3: Company Update Report
GLOBUS MARITIME LIMITED
Slide 4: Company Update
Company Update Results Q3 – 13 Q3 – 12 %change 9M-13 9M-12 %change Total comprehensive income/(loss): $1.2m ($0.8)m 250% $1.4m ($1.6)m 188% Revenue: $7.6m $7.4m 3% $21.9m $24.5m -11% Net Revenue: $6.9m $6.6m 5% $19.7m $20.8m -5% Adj. EBITDA: $3.6m $3.4m 6% $10.2m $11.0m -7% Avg. TCE1 (pvpd)2: $10,21
Slide 5: Operating Highlights
Operating Highlights Q3 2013 Q3 2012 9M 2013 9M 2012 Ownership Days 644 644 1,911 1,918 Available Days 644 630 1,883 1,854 Operating Days 642 625 1,862 1,828 Bareboat Charter Days 92 92 273 274 Average No. of Vessels 7.0 7.0 7.0 7.0 Fleet Utilization 99.7% 99.2% 98.9% 98.6% TCE1 (pv/pd2) 10,212 9,86
Slide 6: Fleet and Employment Profile
Fleet and Employment Profile (as of November 20 2013) th Earliest Daily Charter Expected Vessel Name Type Year Built DWT Charterer Rate(1) Charter Expiration Tiara Globe Panamax 1998 72,928 Spot Spot Spot River Globe Supramax 2007 53,627 $7,600 Jan 2014 GMT Singapore Star Globe Supramax 2010 56,867
Slide 7: Time Charter Coverage
Time Charter Coverage 2014 2015 Tiara Globe Spot River Globe $7,600/day Spot Star Globe Spot Sky Globe Spot Jin Star $14,250/day Spot Sun Globe $16,000/day Spot Moon Globe $8,500/day Spot December 31st 2013 31-Dec-15 31-Dec-14 57% 29% 1% 1. As of November 20th, 2013 - based on the earliest anticipat
Slide 8: Industry Section
GLOBUS MARITIME LIMITED
Slide 9: Market Update
Market Update 2014 Q1 pessimism Long term optimism Recovering Asset Values Source: BRS Dry Bulk Newsletter Source: BRS Dry Bulk Newsletter 9
Slide 10: Demand
Demand _ Seaborne trade developments 2013 ytd (y-y percentage increase) Chinese imports of iron ore and coal 459 80 404 70 eo 354 = 60 3 304 8 > 4 6° = 20 20 2 3 v4 E40 e F & a5 = 5 6 u 5 20 2%] 6 20 = o4 r r - ve Seaborne trade Chinaimports China ironore China coal India coal Brazilian total import
Slide 11: Supply
Supply ~~ Dry bulk deliveries, estimated additional orders and scrapping Dry bulk supply, demand and utilization rate 120 900 130 100 800 bo 80 700 110 ~ 2 3 3 100 = 40 é = # 20 400 90 300 0 80 200 -20 «0 100 -40 2005 2006 2007 +2008 2009 2010 2011 2012 2013 2014 2015 2016 ° 60 . . 00 01 02 03 04 05
Slide 12: Financials
GLOBUS MARITIME LIMITED
Slide 13: Statement of Comprehensive Income
Statement of Comprehensive Income ($ 000’s) Q3-13 Q3 - 12 9M-13 9M-12 Revenue 7,647 7,396 21,903 24,514 Voyage expenses (748) (825) (2,246) (3,739) Net revenue 6,899 6,571 19,657 20,775 Vessel operating expenses (2,635) (2,545) (7,341) (7,463) Admin expenses1 (677) (653) (2,103) (2,232) Other income
Slide 14: Statement of Financial Position
Statement of Financial Position 30 / 09 / 13 31 / 12 / 12 ($ 000’s) Cash 4,770 9,653 Restricted Cash 2,000 2,000 Other Current Assets 4,900 4,227 Non-Current Assets held for Sale 8,680 8,876 Non-Current Assets 135,376 140,966 Total Assets 155,726 165,722 Total Bank Debt 94,538 105,519 Deferred Reven
Slide 15: Statement of Cash Flows
Statement of Cash Flows Q3-13 Q3-12 9M-13 9M-12 ($ 000’s) Net Income/(loss) 1,192 (796) 1,379 (1,560) Non Cash/operating items 2,473 4,246 8,942 13,086 Dry Docking cost - (249) (835) (919) Working Capital movement (1,252) (921) (547) (1,875) Cash from operations 2,413 2,280 8,939 8,732 Vessel and ot
Slide 16: Bank Debt development during the year 2013
Bank Debt development during the year 2013 ($000’s) Balance as of December 31, 2012 (gross of unamortized discount) 105,929 Scheduled principal installments to DVB Bank (857) Scheduled principal installment to Commerzbank (500) Balance as of March 31, 2013 (gross of unamortized discount) 104,572 Sch
Slide 17: Appendix
GLOBUS MARITIME LIMITED
Slide 18: Executive Team
Executive Team George Karageorgiou, Chief Executive Officer Co-founder, Chief Executive Officer since September 2006 22 years shipping experience (10 years of which involved public company experience) − Projects engineer for Kassos Maritime Enterprises from 1990-1992 − Director and Corporate Sec
Slide 19: Contacts
Contacts Globus Maritime Limited George Karageorgiou President & CEO info@globusmaritime.gr Tel: +30 210 960 8300 www.globusmaritime.gr Capital Link – New York Nicolas Bornozis Matthew Abenante +1 212 661 7566 globus@capitallink.com 19