Pangaea Logistics Solutions Ltd. · NASDAQ:PANL
Pangaea Logistics Solutions — Investor Presentation (December 2021)
17 slides from Pangaea Logistics Solutions's investor presentation, December 2021
Slide 1: December 2021 Update
NASDAQ: PANL December 2021 Update
Slide 2: Safe Harbor
SAFE HARBOR This presentation may include certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea’s and man
Slide 3: Overview & Strategy
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D OVERVIEW & STRATEGY
Slide 4: Strategically Located
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D STRATEGICALLY LOCATED Pangaea Today: • Integrated cargo focused owner/operator, 25 years in Denmark Greece business Commercial Technical • 75 shore-based employees, four strategically located offices • Fleet of 50-60 ocean going vessels every day,
Slide 5: Integrated Operating Platform
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Integrated Operating Platform • Ten owned Post/Panamax • Secure cargo first and vessel Ice Class 1A vessels second • Providing year-round • COA cover of base fleet, 14 service to ice laden ports owned ships • Long term contract, COA • Optimize cap
Slide 6: What Makes Us Different
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D What makes us different than your average tonnage provider: ■ Purpose Driven Ownership: We own 24 ships, soon to be 25, after delivery of 2009 Panamax We charter an additional 30 – 40 market ships on short term, or index basis, to retain flexibi
Slide 7: Current Owned Fleet
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D CURRENT OWNED FLEET SUPRAMAX ULTRAMAX 1C Vessel Name Type DWT Year Built Vessel Name Type DWT Year Built Bulk Newport Supramax 52,587 2003 Bulk Endurance Ultramax 1C 60,000 2017 Bulk Trident Supramax 52,514 2006 Bulk Destiny Ultramax 1C 60,000 201
Slide 8: Ice Class Differential
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Ice Class Differential:
Slide 9: Port and Terminal Operations
PA N G A E A LO G I S I T I C S S O L U T I O N S LT D Moriusaq, Greenland • Pop-up port utilizing Pangaea owned barge Gramercy, Louisiana • Test shipment of • Stevedoring services with JV Ilmenite partner • Bauxite discharge Port Rousse, Newfoundland • Custom built port with JV Sabine Pass, Texas P
Slide 10: Sustainability Initiatives
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D SUSTAINABILITY INITIATIVES Environmental • Pangaea is a member of various organization that underline the commitment to operating responsible and in support of ESG objectives: Social • Promote a culture of sharing insights and lessons throughout t
Slide 11: Financial Overview
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D FINANCIAL OVERVIEW
Slide 12: US-Listed Fleet Profiles
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Efficiently deploying capital on specialty tonnage and nimble fleet to serve client needs US-LISTED FLEET PROFILES Selectively and efficiently deploy capital to niche or specialized fleet Flexible chartering strategy allowing the company to re
Slide 13: 2021 Secondhand Acquisitions
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D 2021 Secondhand Acquisitions in millions USD Panamax 1A Bulk Courageous Bulk Promise Bulk Valor Bulk Concord Total Purchase Price 22.5 16.5 18.3 17.8 19.9 95.0 Debt Proceeds 7.5 12 12.8 13.4 15 60.7 Capital Deployed 15 4.5 5.5 4.5 4.9 34.3
Slide 14: Q3 2021 Results
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D. Q3 2021 Results: Seasonally strong quarter boosted by improving market Q3 PERFORMANCE DRIVERS AND RECENT INITIATIVES Q3 Performance Drivers ■ Results driven by summer ice season and continued rising market ■ Adjusted EBITDA of $33.6 million, adju
Slide 15: Strong Performance Through the Worst Markets
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D Management has consistently demonstrated an ability to execute a long-term strategy through the dry bulk cycle STRONG PERFORMANCE THROUGH THE WORST MARKETS US$m BDI 280 2 1 2 1 4 2 2 2* 2,400 260 247 240 2,100 225 228 221 220 209 196 1,800 200 180
Slide 16: TCE Outlook
PA N G A EA LO G I S I T I C S S O LU T I O N S LT D TCE Outlook * Q4 21 estimated TCE performance based on shipping days performed through December 7, 2021
Slide 17: Thank You
T H A N K YO U
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