Navios Maritime Holdings Inc Perp Pfd Shs Sp Amer Dep Recpt Level 3 Repr 1/100th Perp Pfd Shs Ser G · OTC:NMPGY
Navios Maritime Holdings Inc Perp Pfd Shs Sp Amer Dep Recpt Level 3 Repr 1/100th Perp Pfd Shs Ser G — Navios Maritime Holdings — Q3 2021 Earnings Presentation
28 slides from Navios Maritime Holdings Inc Perp Pfd Shs Sp Amer Dep Recpt Level 3 Repr 1/100th Perp Pfd Shs Ser G's earnings presentation, Dec 16, 2021
Slide 1: Navios Maritime Holdings Inc. Q3 2021 Earnings Presentation
Navios Maritime Holdings Inc. Q3 2021 Earnings Presentation December 16, 2021
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation and our earnings call contain and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including with re
Slide 3: Navios Structure
Navios Structure Navios Maritime Holdings Inc. NYSE: NM 36 Drybulk Vessels 3.9 million DWT Average Age: 8.9 years 12 Capesize 19 Panamax 5 Ultra-Handymax / Handysize 10.3% 63.8% Navios Maritime Partners L.P. Navios South American NYSE: NMM 54 Dry Bulk Vessels Logistics Inc. 43 Containerships Infrast
Slide 4: Recent Developments
Recent Developments $664.3 million Note retirement • $614.3 million extinguishment of Ship Mortgage Notes due January 15, 2022(1) – $455.5 million extinguishment from debt financing + available cash – $158.9 million cancellation of Ship Mortgage Notes (pledged to NSM(2)) • $ 50.0 million redemption
Slide 5: $664.3 Million Note Retirement
$664.3 Million Note Retirement ✓ No cash interest $664.3 Million Note Retirement or amortization • $614.3 million extinguishment of Ship Mortgage Notes due January 15, for the first 18 2022 months of the ▪ $455.5 million extinguishment from debt financing + available cash NSM loans ▪ $158.9 million
Slide 6: Deleveraging – Extending & Staggering Maturities
Deleveraging – Extending & Staggering Maturities $1,189 million $722 million debt YE 2020 proforma debt ($ million) ($ million) Other (39.3%) Debt, $137 Senior Vessel Secured Ship Other Notes, Significant Debt, $133 Mortgage Debt, $105 deleveraging Notes, $271 $614 Senior Secured Vessel Notes, Debt,
Slide 7: $550 Million Debt Financing
$550 Million Debt Financing $287.0 million credit facilities • $105.0 million – credit facility from a commercial bank ✓ 2-year term; interest per year: Libor + margin range 3.25% - 4.5%; Amortization profile: 5.8 years • $105.0 million – credit facility from two commercial banks ✓ 3-year term; inte
Slide 8: $664.3 Million Note Retirement: Sources & Uses
$664.3 Million Note Retirement $614.3 million Senior Ship Mortgage Note extinguishment + $50.0 million Senior Secured Note redemption ▪ Balance on June 30, 2021: $919.3 million (Ship Mortgage Notes + Senior Secured Notes) • $150.0 million Senior Secured Notes redeemed in Q3 2021 ▪ Balance on Novembe
Slide 9: 2022E Operating Cash Flow
2022E Operating Cash Flow 12,993 available days • 2,671 (21%) days fixed at $27,841 net per day • 10,322 (79%) days with market exposure (open or index linked) $10,713 breakeven per open/index day vs. $33,480 current weighted avg. market rates Average contracted daily TCE 2022 Illustrative operating
Slide 10: NM Q3 & 9M 2021 Earnings Highlights
NM Q3 & 9M 2021 Earnings Highlights Earnings Highlights Three months Three months Nine months Nine months ($ ‘000 except per share data) ended ended P-o-P ended ended P-o-P September 30, September 30, Variance September 30, September 30, Variance 2021 2020 2021 2020 Revenue 168,449 126,155 34% 429,0
Slide 11: NM Balance Sheet
NM Balance Sheet Selected Balance Sheet Data (in $'000) September 30, 2021 December 31, 2020 Cash & cash equivalents (incl. restricted cash) 46,740 111,184 Other current and non current assets 542,564 492,640 Operating lease asset 180,869 227,962 Vessels, port terminal and other fixed assets, net 98
Slide 12: Navios South American Logistics Overview
Navios South American Logistics Overview Navios Maritime Holdings Inc. (NYSE: NM) Peers Business Inc. ✓ Leading integrated infrastructure & logistics 63.8% 36.2% company in the Hidrovia region ✓ Strategically located port infrastructure, with Navios South American Logistics unique capabilities, diff
Slide 13: Q3 and 9M 2021 Earnings Highlights – IFRS
Q3 and 9M 2021 Earnings Highlights – IFRS Three months Three months Nine months Nine months ended ended P-O-P ended ended P-O-P (in $ ‘000) September 30, September 30, Variance September 30, September Variance 2021 2020 2021 30, 2020 Revenue 63,281 58,527 8% 173,660 173,686 0% Adj. EBITDA 23,332(1)
Slide 14: Navios Logistics Q3 2021 Balance Sheet – IFRS
Navios Logistics Q3 2021 Balance Sheet – IFRS Statement of Financial Position ($'000) September 30, 2021 December 31, 2020 Cash and cash equivalents $31,931 $74,870 Trade receivables 36,445 34,190 Tangible assets 563,215 541,697 Intangible assets 153,755 155,834 Other assets 35,638 105,932 Total Ass
Slide 15: Large Diversified Dry Bulk Fleet
Large Diversified Dry Bulk Fleet Navios Holdings Controls 36 (1) Vessels On The Water (3.9 million DWT) Average Age: 8.9 years 12 Capesize 19 Panamax 4 Ultra 1 Handysize Handymax 10 Vessels 12 Vessels 3 Vessels - Vessel 25 Owned (4) 1.78 million DWT 0.96 million DWT 0.17 million DWT - million DWT 2.
Slide 16: ESG – Sustainability through Sea Trade
ESG – Sustainability through Sea Trade Transoceanic shipping is the most carbon efficient mode of transport ▪ Shipping represents: ▪ ~ 90% of world trade ▪ ~ 3% of man-made greenhouse gas emissions ▪ Net zero will safeguard air and water quality and avoid negative ecological impacts Aspirational Goa
Slide 17: Industry Overview
Industry Overview
Slide 18: World Dry Bulk Trade
World Dry Bulk Trade 6.5 World GDP Growth 5.7 5.9 5.3 4.9 4.5 4.6 4.3 4.4 4.4 4.4 4.3 4.3 4.1 3.9 3.9 3.9 3.9 3.7 3.7 3.7 3.4 3.4 3.5 3.2 3.3 3.0 3.0 3.0 3.1 3.0 2.9 2.9 2.9 2.4 2.6 2.5 2.7 2.6 2.4 2.2 2.0 1.9 1.9 2.0 1.9 1.8 1.4 1.5 0.6 0.4 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 199
Slide 19: Post Pandemic Growth Fueled by Iron Ore
Post Pandemic Growth Fueled by Iron Ore Seaborne Iron Ore Trade Seaborne Iron Ore Trade 2021F-2022F(1) 1,644 World seaborne iron ore trade expected increase Million tons 2021F 2022F YoY% Δ MT • 1.4% in 2021 1,612 • 1.9% in 2022 1,590 Australia 874 878 0.5% 4 Brazilian iron ore exports increase • 5.4
Slide 20: Asian Coal Imports Rebound in 2021
Asian Coal Imports Rebound in 2021 Seaborne Coal Trade Asian thermal coal prices and gas price** World seaborne coal trade is expected to 1,271 40 grow by 6.0% in 2021 followed by a further 1,246 Gas Price (JKM) 2.0% in 2022 30 Coal Price to Japan High gas prices affect coal imports Coal Price to Ko
Slide 21: Food Security Drives Demand for Grain
Food Security Drives Demand for Grain Seaborne Grain Trade Seaborne Grain Exports 2020-21 600 Million tons 2020 P YoY% Δ MT 2021 F YoY% Δ MT (million tons) 2008 – 2020 CAGR = 5.0% Total World Trade 512.4 7.2% 34.4 527.0 2.8% 14.5 500 Of which: US 131.5 25.0% 26.3 139.2 5.9% 7.7 Canada 32.4 13.0% 3.7
Slide 22: Dry Bulk Fleet Data
Dry Bulk Fleet Data ▪ Expected 2021 net fleet growth ~ 3.5% ▪ Expected 2022 net fleet growth ~ 1.5% ▪ Total orderbook is one of the lowest on record Deliveries Removals Net Fleet Growth Year Actual Projected % non-delivery Year DWT % of fleet Year DWT % of Fleet Fleet period end 2021 YTD 36.2 M 36.9
Slide 23: www.navios.com
www.navios.com
Slide 24: Appendix: Navios Holdings Fleet
Appendix: Navios Holdings Fleet
Slide 25: Appendix: Core Fleet
Appendix: Core Fleet Owned Fleet: Ultra Handymax Vessels Type Built DWT Charter Rate ($) (1) Expiration Date (2) Index Navios Ulysses Ultra Handymax 2007 55,728 28,500 09/2022 No Navios Celestial Ultra Handymax 2009 58,063 9,548 03/2022 No — 02/2023 100% of average Baltic Navios Vega Ultra Handymax
Slide 26: Appendix: Core Fleet
Appendix: Core Fleet Owned Fleet: Capesize Vessels Type Built DWT Charter Rate ($) (1) Expiration Date (2) Index Navios Stellar Capesize 2009 169,001 — 02/2023 95.75% of average Baltic Capesize 5TC Index Routes Navios Happiness Capesize 2009 180,022 — 09/2022 100.5% of average Baltic Capesize 5TC In
Slide 27: Appendix: Core Fleet
Appendix: Core Fleet Long-Term Chartered-In Fleet Vessels Type Built DWT Charter Rate ($)(1) Expiration Date (2) Purchase Option (3) Index Navios Lyra Handysize 2012 34,718 23,275 10/2022 Yes (4) No Navios Venus Ultra Handymax 2015 61,339 30,400 08/2022 Yes No 38,238 12/2021 No 27,968 03/2022 No Nav
Slide 28: Appendix: Core Fleet
Appendix: Core Fleet Bareboat-in Vessels Vessels Type Built DWT Charter Rate ($) (1) Expiration Date (2) Purchase Option (3) Index Navios Herakles I Panamax 2019 82,036 30,638 07/2022 Yes No Navios Uranus Panamax 2019 81,516 30,875 08/2022 Yes No Navios Felicity I Panamax 2020 81,946 31,825 11/2022
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